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1.
PAPER (OA)
Drittmittelorientierung als Risiko für Hochschulen (2015)
Institut für Organisationsökonomik Münster
Publication Date: 2016-02-06
Description: Walter Dörhage und Raimund Mildner empfehlen Hochschulen und anderen wissenschaftlichen Einrichtungen, sich strategisch an der Gewinnung von Drittmitteln und kommerziellen Einnahmen auszurichten. Das ist allerdings für Hochschulen und auch die Hochschulpolitik gefährlich. Zu empfehlen ist bestmögliche Wissenschaft als Ziel, wofür Drittmittel nur ein Mittel darstellen.|Walter Dörhage and Raimund Mildner recommend to universities and other academic institutions to orient themselves strategically towards the attraction of third-party funds and commercial gains. However, this is risky for universities as well as higher education policy. A better recommendation is the objective of best possible science, while third-party funds are only a means to this end.
Keywords: I23 ; I28 ; H44 ; H52 ; ddc:650
Repository Name: EconStor: OA server of the German National Library of Economics - Leibniz Information Centre for Economics
Language: deu
Type: doc-type:workingPaper
2.
PAPER (OA)
Does attractiveness win? On the gender-specific impact of attractiveness on athletic performance in tennis (2015)
Institut für Organisationsökonomik Münster
Publication Date: 2016-02-06
Description: This study examines whether there are gender-specific differences in regard to physical attractiveness of professional tennis players and their performance. For this purpose, the top 100 male and female tennis players of the tennis world ranking in 2014 are examined. Athletic performance is measured by prize money earned for single seasons as well as for the whole career. Different OLS-regressions reveal a significantly positive relationship between physical attractiveness and athletic performance. However, this result holds for female tennis players only. For male tennis players, the impact is insignificant.|Diese Studie untersucht, ob ein geschlechtsspezifischer Zusammenhang zwischen der Attraktivität von professionellen Tennisspielern und ihrer sportlichen Leistung besteht. Dazu werden die Top 100 Tennisspielerinnen und -spieler der jeweiligen Weltrangliste im Jahr 2014 untersucht. Die Leistung wird über gewonnene Preisgelder für einzelne Saisons sowie für die gesamte Karriere gemessen. Verschiedene OLS-Regressionen zeigen einen signifikant positiven Zusammenhang zwischen der physischen Attraktivität und der sportlichen Leistung. Dieser Zusammenhang besteht allerdings nur für Frauen. Für männliche Tennisspieler ist der Effekt insignifikant.
Keywords: J24 ; J31 ; J49 ; J71 ; L83 ; ddc:650
Repository Name: EconStor: OA server of the German National Library of Economics - Leibniz Information Centre for Economics
Language: eng
Type: doc-type:workingPaper
3.
PAPER (OA)
Price signals and supply responses for staple food crops in SSA countries (2016)
Department für Agrarökonomie und Rurale Entwicklung, Universität Göttingen Göttingen
Publication Date: 2016-02-06
Description: Several studies have focused on estimating the supply response of farmers in Sub Saharan Africa.This literature has used a variety of approaches and has generally concluded that price elasticities of supply were low or very low. However, only a few analyses have gone beyond estimating the aggregate supply response for the sector as whole or the specific case of cash crops. In most cases, data scarcity especially on producer prices has been the main limiting factor. In this paper, we revisit this question focusing on the supply response of main staple food crops in selected Sub Saharan African (SSA) countries. We use an innovative dataset recently developed by FAO's "Monitoring and Analysing Food and Agricultural Policies" (MAFAP) programme which provides prices at the producer, wholesale, and border levels for selected value chains. Using dynamic panel techniques, we are able to test how acreage, production and yields respond to price signals and other non-price factors over the recent food price crises (2005-2013).We observe that farmers producing staple food crops react to real price signals, even if with a limited intensity. Moreover, our results suggest that direct price incentives arising from border protection and government intervention in domestic markets and price shocks at the border are more important than macroeconomic policies in influencing farmers' decisions. We also show that omitting marketing costs from the supply response function leads to underestimation of the price elasticity. Conversely, using wholesale instead of farm gate prices as proxy for producer prices leads to overestimation of the price elasticity.
Keywords: Q11 ; Q18 ; C33 ; O55 ; ddc:330 ; supply responses ; price incentives ; agriculture commodities ; dynamic panel data
Repository Name: EconStor: OA server of the German National Library of Economics - Leibniz Information Centre for Economics
Language: eng
Type: doc-type:workingPaper
4.
PAPER (OA)
Settlements and appeals in the European Commission's cartel cases: An empirical assessment (2016)
Zentrum für Europäische Wirtschaftsforschung (ZEW) Mannheim
Publication Date: 2016-02-06
Description: The introduction of the European Union (EU) Settlement Procedure in 2008 aimed at promoting the procedural efficiency of cartel investigations by the European Commission (EC). We use a data set consisting of 579 firms groups convicted by the EC for cartelization from 2000 to 2015 to investigate the impact of the settlement procedure on the probability to file an appeal. Based on the estimation of a model of the firm's decision to appeal in the presettlement era, we subsequently run out-of-sample predictions to estimate the number of hypothetical appeals cases in the settlement era absent the settlement procedure. Our findings of a settlement-induced reduction in the number of appeals of up to 55 percent allow the conclusion that the introduction of the settlement procedure generated substantial additional benefits to society beyond its undisputed key contribution of a faster and more efficient handling of cartel investigations by the EC.
Keywords: K21 ; L41 ; ddc:330 ; antitrust policy ; cartels ; settlements ; appeals ; ex-post evaluation ; European Union
Repository Name: EconStor: OA server of the German National Library of Economics - Leibniz Information Centre for Economics
Language: eng
Type: doc-type:workingPaper
5.
PAPER (OA)
Qualitative Analysen zur harmonisierten Berechnung einer Alterungsrückstellung und der verfassungskonformen Ausgestaltung ihrer Portabilität: Endbericht - Studie im Auftrag des Verbraucherzentrale Bundesverband (vzbv) e.V. (2016)
Institut für Betriebswirtschaft und Volkswirtschaft (IBES), Universität Duisburg-Essen Essen
Publication Date: 2016-02-06
Description: Die Studie prüft insbesondere anhand einschlägiger in der Literatur entwickelter Modelle die Frage, ob eine Verbesserung der Wechseloptionen für in der Privaten Krankenversicherung (PKV) vollversicherte Personen möglich ist und wie sie ggfs. ausgestaltet sein sollte. Eine Entwicklung eines eigenständigen Modelles oder eine konkrete medizinisch-ökonomische Operationalisierung vorliegender allgemeinerer Konzeptionen ist nicht Gegenstand der Expertise.
Keywords: ddc:330
Repository Name: EconStor: OA server of the German National Library of Economics - Leibniz Information Centre for Economics
Language: deu
Type: doc-type:workingPaper
6.
PAPER (OA)
The dynamic relationship between investments in brand equity and firm profitability: Evidence using trademark registrations (2016)
Zentrum für Europäische Wirtschaftsforschung (ZEW) Mannheim
Publication Date: 2016-02-06
Description: Most marketing practitioners and scholars agree that marketing assets such as brand equity significantly contribute to a firm's financial performance. In this paper, we model brand equity as an unobservable stock that results from up to thirty years of past brand-related investment flows. Using firm-specific trademarks as investment proxies, our results show a significant long-run impact on financial performance. The dynamic profile of brand-related investments has an inverted-U shape that reaches its peak after eleven years. On average, it takes four years before brand related investments show a positive return, and investments older than nineteen years show no significant impact. For the median trademarking firm, brand equity contributes 265,000 Euro to annual profits.
Keywords: O31 ; O34 ; ddc:330 ; Brand Equity ; Firm Profitability ; Intellectual Property Rights ; Trademarks
Repository Name: EconStor: OA server of the German National Library of Economics - Leibniz Information Centre for Economics
Language: eng
Type: doc-type:workingPaper
7.
PAPER (OA)
Strategic capacity withholding through failures in the German-Austrian electricity market (2016)
Zentrum für Europäische Wirtschaftsforschung (ZEW) Mannheim
Publication Date: 2016-02-06
Description: In electricity day-ahead markets organized as uniform price auction, a small reduction in supply in times of high demand can cause substantial increases in price. We use a unique data set of failures of generation capacity in the German-Austrian electricity market to investigate the relationship between electricity spot prices and generation failures. Differentiating between strategic and non-strategic failures, we find a positive impact of prices on non-usable marginal generation capacity for strategic failures only. Our empirical analysis therefore provides evidence for the existence of strategic capacity withholding through failures suggesting further monitoring efforts by public authorities to effectively reduce the likelihood of such abuses of a dominant position.
Keywords: L94 ; L12 ; L41 ; K21 ; ddc:330 ; Antitrust Policy ; Market Power ; Auctions ; Electricity ; Withholding
Repository Name: EconStor: OA server of the German National Library of Economics - Leibniz Information Centre for Economics
Language: eng
Type: doc-type:workingPaper
8.
PAPER (OA)
Asymmetric labor-supply responses to wage-rate changes: Evidence from a field experiment (2016)
Zentrum für Europäische Wirtschaftsforschung (ZEW) Mannheim
Publication Date: 2016-02-06
Description: The standard labor-supply literature typically assumes that the labor supply response to wage increases is the same as that for equivalent wage decreases. However, evidence from the behavioral-economics literature suggests that people are loss averse and thus perceive losses differently than gains. This behavioral insight may imply that workers respond differently to wage increases than to wage decreases. We estimate the effect of wage increases and decreases on labor supply using a randomized field experiment with workers on Amazon's Mechanical Turk. The results provide evidence that wage increases have smaller effects than wage decreases, suggesting that the labor-supply response to wage changes is asymmetric. This finding is especially strong on the extensive margin where the elasticity for a wage decrease is twice that for a wage increase. These findings suggest that a reference-dependent utility function that incorporates loss aversion is the most appropriate way to model labor supply.
Keywords: J22 ; J31 ; D03 ; ddc:330 ; labor supply ; loss aversion ; labor supply elasticities w.r.t. wages
Repository Name: EconStor: OA server of the German National Library of Economics - Leibniz Information Centre for Economics
Language: eng
Type: doc-type:workingPaper
9.
PAPER (OA)
Does skill-biased technical change diffuse internationally? (2015)
Zentrum für Europäische Wirtschaftsforschung (ZEW) Mannheim
Publication Date: 2016-02-06
Description: This paper studies the question whether skill-biased technical change diffuses internationally and that way contributes to the increasing relative skill demand in other countries. So far, the role of skill-biased technology diffusion has hardly been studied empirically. Using new sectoral data for a panel of 40 emerging and developed countries, 30 industries (covering manufacturing and service industries) and 13 years (1995-2007), the analysis shows that skill-biased technology diffusion is statistically and economically important in explaining skill-biased technical change. Countries further away from the skill-specific technological frontier subsequently show higher skill-specific productivity growth. For that, the bilateral distance between two countries proves to be an important mediating factor, whereas intersectoral trade linkages, so far, explain only a small part of it. The main results hold for both, developed and emerging countries.
Keywords: F16 ; J24 ; O14 ; O33 ; C67 ; ddc:330 ; skill-biased technical change ; technology diffusion ; distance ; inputoutput linkages ; industry-level data ; emerging and developed countries
Repository Name: EconStor: OA server of the German National Library of Economics - Leibniz Information Centre for Economics
Language: eng
Type: doc-type:workingPaper
10.
PAPER (OA)
Book-tax conformity and reporting behavior: A quasi-experiment (2016)
Zentrum für Europäische Wirtschaftsforschung (ZEW) Mannheim
Publication Date: 2016-02-06
Description: We examine how a comprehensive change in book-tax conformity affects firms' reporting behavior. To this end, we exploit a Reform Act as a quasi-natural experiment which implied a decrease in book-tax conformity in Germany in 2010. In particular, this reform allows firms to exercise tax accounting options independently from financial accounting. Our study builds on a unique dataset of linked individual financial statements and actual tax return data. It covers roughly 150 incorporated firms for the years 2008 to 2012. Exploiting the exceptional change in conformity, we contribute to the ongoing debate on the impact of booktax conformity. Our results show that profitable companies, which have a clear tax sheltering incentive, actually use the newly introduced reporting leeway to manage taxable income downwards. This is especially attributable to companies exploiting favorable tax depreciation rules. Moreover, we find larger opportunistic tax reporting responses for small companies with less complex and predominantly domestic group structures. In addition, we observe that a decrease in book-tax conformity induces a decrease in the general persistence of taxable income, but at the same time gives rise to higher financial earnings persistence. This corroborates our finding of increased tax sheltering activity in post reform years.
Keywords: H20 ; H25 ; K34 ; M41 ; ddc:330 ; book-tax conformity ; book-tax differences ; tax sheltering ; earnings persistence
Repository Name: EconStor: OA server of the German National Library of Economics - Leibniz Information Centre for Economics
Language: eng
Type: doc-type:workingPaper