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This paper proposes a powerful alternative to the t-test of the null hypothesis that a coefficient in linear regression is equal to zero when a regressor is mismeasured. We assume there are two contaminated measurements of the regressor of interest. We allow the two measurement errors to be...
Persistent link: https://www.econbiz.de/10014480598
Libre Software communities are among the most interesting and advanced socio-economic laboratories on the Net. In terms of directions of Regional Science research, this paper addresses a simple question: “Is the socio-economics of digital nets out of scope for Regional Science, or might the...
Persistent link: https://www.econbiz.de/10011318941
Economics is currently experiencing a climate of uncertainty regarding the soundness of its theoretical framework and …
Persistent link: https://www.econbiz.de/10015387050
Cash flow statements have gained popularity worldwide and are now mandatory also under German GAAP for listed companies. Based on International Accounting Standard No. 7 we review their analytical value from both a shareholder's and a creditor's point of view. Cash flow patterns do vary from...
Persistent link: https://www.econbiz.de/10010298887
This paper presents a cash flow based analysis of the return and risk characteristics of European Private Equity Funds. For that purpose a comprehensive data set has been provided by Thomson Venture Economics. We document the typical time pattern of cash flows for European private equity funds....
Persistent link: https://www.econbiz.de/10010305810
In the next years several power plants throughout Europe have to be replaced and the questions is whether to build coal fired power plants with carbon capture and storage (CCS). In a study for the city of Kiel in northern Germany only a 800 MW coal power plant reaches a required minimum...
Persistent link: https://www.econbiz.de/10010283233
). Exogenous uncertainty over the size of the negotiated amount of water is introduced to capture the fact that water availability …
Persistent link: https://www.econbiz.de/10010312354
most economic situations, uncertainty crucially affects also bargaining processes. Therefore, in our analysis, we introduce … uncertainty over the size of the pies to be shared and assess the impacts on players' strategic behaviour. Our results confirm … that uncertainty crucially affects players' behaviour and modifies the likelihood of a self-enforcing agreement to emerge …
Persistent link: https://www.econbiz.de/10010312580
). Exogenous uncertainty over the size of the negotiated amount of water is introduced to capture the fact that water availability …
Persistent link: https://www.econbiz.de/10010264274
times. We show that the rise in the aggregate savings ratio is driven by increases in uncertainty, rather than tighening of …
Persistent link: https://www.econbiz.de/10010500212