Die Medienwelt befindet sich heute in einer Umbruch- und Aufbruchstimmung, die durch die Digitalisierung von Inhalten wie beispielsweise Musik, Literatur und Videos ausgelöst wird. Die Anzahl der Wege, über die Kunden Inhalte abrufen können, hat sich innerhalb kürzester Zeit vervielfacht....

The findings of empirical studies on the question whether endowments with natural resources are a curse or a blessing are ambiguous. The majority of studies found that resource rich countries grow slower than their resource scarce counterparts (“resource curse”). In recent studies, this...

Automation and information systems in steel industry have become very complex in last years. This is caused by significantly increased demands regarding product quality, optimization of production cost, environmental issues and lead time. Furthermore larger flexibility of production is necessary...

Automation and information systems in steel industry have become very complex in last years. This is caused by significantly increased demands regarding product quality, optimization of production cost, environmental issues and lead time. Furthermore larger flexibility of production is necessary...

This paper studies household beliefs during the recent US housing boom. To characterize the heterogeneity in households' views about housing and the economy, we perform a cluster analysis on survey responses at different stages of the boom. The estimation always finds a small cluster of...

Common statistical measures of bond risk premia are volatile and countercyclical. This paper uses survey data on interest rate forecasts to construct subjective bond risk premia. Subjective premia are less volatile and not very cyclical; instead they are high, only around the early 1980s. The...

This paper uses an assignment model to understand the cross section of house prices within a metro area. Movers' demand for housing is derived from a lifecycle problem with credit market frictions. Equilibrium house prices adjust to assign houses that differ by quality to movers who differ by...