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    <title>EconStor Collection: CAWM Discussion Papers, Universität Münster</title>
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  <item rdf:about="http://hdl.handle.net/10419/73036">
    <title>The impact of urban amenities on apartment prices in Münster: How important is location within a city?</title>
    <link>http://hdl.handle.net/10419/73036</link>
    <description>Title: The impact of urban amenities on apartment prices in Münster: How important is location within a city?
&lt;br/&gt;
&lt;br/&gt;Authors: Hiller, Norbert
&lt;br/&gt;
&lt;br/&gt;Abstract: Beside the specific object attributes, location is the fundamental determinant for real estate. But how important is location within a city? Contrary to popular belief our results suggest that this parameter explains only a small proportion of price variation, whereas object attributes are crucial. Location, location, location does not capture the essence of an apartment value. In a city it is only an explanation part which has relative little impact on price variations. Therefore, we suggest size, age, location as comprehensive determinants for local apartment prices.</description>
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  <item rdf:about="http://hdl.handle.net/10419/73036">
    <title>The impact of urban amenities on apartment prices in Münster: How important is location within a city?</title>
    <link>http://hdl.handle.net/10419/73036</link>
    <description>Title: The impact of urban amenities on apartment prices in Münster: How important is location within a city?
&lt;br/&gt;
&lt;br/&gt;Authors: Hiller, Norbert
&lt;br/&gt;
&lt;br/&gt;Abstract: Beside the specific object attributes, location is the fundamental determinant for real estate. But how important is location within a city? Contrary to popular belief our results suggest that this parameter explains only a small proportion of price variation, whereas object attributes are crucial. Location, location, location does not capture the essence of an apartment value. In a city it is only an explanation part which has relative little impact on price variations. Therefore, we suggest size, age, location as comprehensive determinants for local apartment prices.</description>
  </item>
  <item rdf:about="http://hdl.handle.net/10419/69495">
    <title>Economic and employment growth in Germany: The sectoral elements of Verdoorn's Law with regional data</title>
    <link>http://hdl.handle.net/10419/69495</link>
    <description>Title: Economic and employment growth in Germany: The sectoral elements of Verdoorn's Law with regional data
&lt;br/&gt;
&lt;br/&gt;Authors: Oelgemöller, Jens
&lt;br/&gt;
&lt;br/&gt;Abstract: A major aspect of employment growth is discussed in relation to economic growth. This paper deals with the question as to whether the relationship between economic and employment growth, subsumed under the idiom Verdoorn's Law, holds true at the sectoral level. For this reason, the German labor market is divided into regional functionally delineated labor markets. The employees are differentiated into sectoral affiliation, education, national status and part-time employment. The economy is split into six sectors. The labor demand function is derived from the cost-function of companies, and factor prices (interest rates and wages) are considered. It is evident that the construction sector still has intense connections to the labor market concerning output changes. This cannot be verified in the finance, insurance and service sector. Part-time work increased during the economic crisis. The elasticity to factor-prices holds true for most types of employment. It is found that, regional labor market performance is directly linked to industrial structure. The fixed an random-effects estimations used here deliver satisfying results to most investigations. However, some concerns about the results regarding characteristics of employees remain.</description>
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    <title>How disagreement about social costs leads to inefficient energy productivity investment</title>
    <link>http://hdl.handle.net/10419/69494</link>
    <description>Title: How disagreement about social costs leads to inefficient energy productivity investment
&lt;br/&gt;
&lt;br/&gt;Authors: Voß, Achim
&lt;br/&gt;
&lt;br/&gt;Abstract: Public energy productivity investment influences the amount of future energy consumption. If a present government expects its successor to value the social costs of fuel usage differently, this adds a strategic component to its investment considerations. We analyze this governmental time-inconsistency situation as a sequential game. In particular, we show how the expectation of a more conservative party taking over makes a green government choose an investment level that is ineffcient in that neither of the parties would prefer it to the investment level of a permanent green government. Under some circumstances, the opposition would even prefer the government to stay in power for sure: The gain of avoiding strategic investment then outweighs the loss of not being able to regulate energy consumption. We also analyze welfare gains of binding agreements.</description>
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