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Carbon dioxide removal plays an important role in any strategy to limit global warming to well below 2 °C. Keeping abreast with the scientific evidence using rigorous evidence synthesis methods is an important prerequisite for sustainably scaling…

Climate-econometric estimates assuming that climate changes affect economic growth result in larger projected damages than estimates restricting the effect to economic income levels. We show that the latter is consistent with neoclassical…

Divestments by foreign multinationals are an important phenomenon that is largely neglected in the literature. We use firm level panel data from China to estimate the impact of such divestments on the performance of domestic firms in the local…

Many fish consumers reveal a preference for sustainably sourced seafood in their purchasing decisions. We propose a bioeconomic modeling approach and an empirical strategy, based on a discrete choice experiment, to quantify the resulting effects on…

This paper makes the first comprehensive attempt to study within-country heterogeneity of housing returns. We introduce a new city-level data set covering 15 OECD countries over 150 years and show that national housing markets are characterized by…

In a model of moral hazard in teams, we demonstrate that firms’ concerns about low trust among teammates can justify two common but otherwise puzzling patterns: information waste and transparency trap. We find that (i) firms predominantly employ…

German history over the past 125 years has been turbulent. Marked by two world wars, revolutions and major regime changes, as well as a hyperinflation and three currency reforms, expropriations and terri- torial divisions, it provides unique insights…

This paper discusses the economic effects of a potential cut-off of the German economy from Russian energy imports. We use a multi-sector open-economy model and a simplified approach based on an aggregate production function to estimate the effects…

We analyze the impact of economic conditions at arrival on the economic integration of family-sponsored migrants in the U.S. A one pp higher unemployment rate at arrival decreases annual wage income by four percent in the short run and two percent in…