Rohölpreise und Steuern als Bestimmungsgründe für Benzin und Dieselpreise: Eine empirische Untersuchung für den österreichischen Tankstellenmarkt

Abstract: This paper analyses the reaction of Austrian gasoline and diesel retail prices on changes of the corresponding taxes and international crude oil prices. Estimating vector error correction models over the period January 1980 to May 2008, wefind that diesel prices and gasoline prices are not separable in the long run. Crude oil price or tax changes are passed on completely to consumer gasoline prices and even disproportionately strong to diesel prices. Asymmetric price adjustments of fuel prices are small and statistically not significant.

Die Wirkung der Mindestreservesatzsenkung auf die Preispolitik der Banken

Available from Bibliothek des Instituts fuer Weltwirtschaft, ZBW, Duesternbrook Weg 120, D-24105 Kiel W 60 (9410) / FIZ - Fachinformationszzentrum Karlsruhe / TIB - Technische InformationsbibliothekSIGLEDEGerman

Observable and non-observable social interactions in labor supply

This paper analyzes determinants of individual work force participation in a bivariate probit model using data from the GSOEP. From Monte Carlo simulation, we know that there is low probability to detect social interactions in medium data sets. Nevertheless, we find that apart from influences such as age, number of children and local employment rates, educational and gender differences as well as the work force participation of the eldest brother or sister also have a significant influence on a person´s work force participation. The results show that the second-born takes a similar job participation decision as his/her peer

Ist Oesterreich voll in die DM-Zone integriert?: Eine oekonometrische Analyse

Available from Bibliothek des Instituts fuer Weltwirtschaft, ZBW, Duesternbrook Weg 120, D-24105 Kiel W 60 (9605) / FIZ - Fachinformationszzentrum Karlsruhe / TIB - Technische InformationsbibliothekSIGLEDEGerman

Development of German Beef Prices During the BSE Crisis: Some Empirical and Theoretical Results

This paper analyzes the market failure on the beef market caused by information about a severe BSE risk, and shows the recovery of the market due to the introduction of the BSE test. In the empirical part we use break robust cointegration tests to find that producer and consumer prices of beef in Germany are cointegrated with a joint co-break in the BSE crisis

Is more competition conducive to the macroeconomic performance in the euro area?

One of the main goals of the European Union, laid down, inter alia, in the Lisbon Strategy and in the “Europe 2020” Strategy, is to raise employment. One important means of supporting the creation of new jobs is to increase competition. In this paper, it is shown that on average the mark-up, i.e. the deviation of prices from marginal cost in the euro area still exceeds the levels observed in the UK and in the US. After completion of the Single Market Programme in 1993, the mark-up has declined in the euro area and even more in the UK. Nevertheless, there is a strong cross-country variation between Member States, with a particularly high mark-up ratio found for Italy. Panel estimations show that total factor productivity growth, labour productivity growth and the labour market performance in the euro area could be improved by reducing the mark-up. This could be achieved by a proper institutional design. More competition could indeed improve the macroeconomic performance