Publications of the Department of Economics

Publications 2024

  • Finus, M., F. Furini, A.V. Rohrer (2024), The Stackelberg vs. Nash-Cournot Folk Theorem in International Environmental Agreements, Economics Letters 234, 111481. https://doi.org/10.1016/j.econlet.2023.111481
  • Mathieu-Bolh, N., R. Wendner (2024), Conspicuous Leisure, Time Allocation, and Obesity Kuznets Curves,Macroeconomic Dynamics 28, forthcoming. https://doi.org/10.1017/S1365100523000585
  • Marbler, A. (2024), Water Scarcity and Local Economic Activity: Spatial Spillovers and the Role of Irrigation, Journal of Environmental Economics and Management 124, 102931. https://doi.org/10.1016/j.jeem.2024.102931
  • Eibinger, T., B. Deixelberger, H. Manner (2024), Panel Data in Environmental Economics: Econometric Issues and Applications to IPAT Models, Journal of Environmental Economics and Management 125, 102941. https://doi.org/10.1016/j.jeem.2024.102941
  • Steininger, K.W., A. Posch, A. Thaller, C. Romirer, R. Maier, E. Fleiß, G. Jäger, S. Nabernegg,
  • S. Plakolb, H. Heinfellner, O. Thaller, E. Schulev-Steindl (2024), Knowledge Integration in Policy Development and Assessment for Sustainable Passenger Transport Transformation, Transportation Research Part D: Transport and Environment 128, 104081. https://doi.org/10.1016/j.trd.2024.104081
  • Aiello, F., G. Bonanno, A. Puggioni, SPS. Rossi (2024), Family Firms, Finance for Innovation, and Exports. Evidence from European Micro and Small Firms. Economics of Innovation and New Technology, forthcoming. https://doi.org/10.1080/10438599.2024.2329263
  • Guerrier, S., C. Kuzmics, M-P. Victoria-Feser (2024), Assessing COVID-19 Prevalence in Austria with Infection Surveys and Case Count Data as Auxiliary Information, Journal of the American Statistical Association, forthcoming. https://doi.org/10.1080/01621459.2024.2313790
  • Aronsson, T., O. Johansson-Stenman, R. Wendner (2024), Charity, Status, and Optimal Taxation: Welfarist and Non-Welfarist Approaches, Journal of Political Economy Microeconomics 2 forthcoming.
  • Aronsson, T., O. Johansson-Stenman, R. Wendner (2024), Optimal Redistributive Charity, Scandinavian Journal of Economics 126, forthcoming.

Publications 2023

Publications 2022

  • Hafner, K., J. Kleinert, J. Spies (2022), Endogenous Transport Costs and International Trade, The World Economy 46, 560-597. DOI : https://doi.org/10.1111/twec.13337
  • Elboghdadly, N., M. Finus (2022), Strategic climate policy with endogenous plant location: The role of border carbon adjustments, Journal of Public Economic Theory 24, 1266-1309. DOI: http://doi.org/10.1111/jpet.12615
  • Steininger, K.W., K. Williges, L. Meyer, F. Maczek, K. Riahi (2022), Sharing the effort of the European Green Deal among countries, Nature Communications 13, 3673. DOI: https://doi.org/10.1038/s41467-022-31204-8
  • Bachner, G. (2022), The macroeconomic effects of adapting to high-end sea-level rise via protection and migration, Nature Communications 13, 5705. DOI: https://doi.org/10.1038/s41467-022-33043-z
  • Külpmann, P., C. Kuzmics (2022), Comparing theories of one-shot play out of treatment, Journal of Economic Theory 205, 105554. DOI: https://doi.org/10.1016/j.jet.2022.105554
  • Blatt, D., C. Kausik, H. Manner (2022), A Changepoint Analysis of UK House Price Spillovers, Regional Studies, forthcoming. DOI: https://doi.org/10.1080/00343404.2022.2120977
  • Bonanno, G., A. Ferrando, S.P.S. Rossi (2022), Do innovation and financial constraints affect the profit efficiency of European enterprises?, Eurasian Business Review. DOI: https://doi.org/10.1007/s40821-022-00226-z
  • Gregori, T., S. Montresor, S.P.S. Rossi (2022), External financing of innovative small and medium enterprises (SMEs): unpacking bank credit with respect to innovation typologies and combinations, Industrial and Corporate Change 31/1, 234-267. DOI: https://doi.org/10.1093/icc/dtab063
  • Hill, R.J., R. Trojanek (2022), An evaluation of competing methods for constructing house price indexes: The case of Warsaw, Land Use Policy 120, 106226. DOI: https://doi.org/10.1016/j.landusepol.2022.106226
  • Chen, J., Y. Chen, R.J. Hill, P. Hu (2022), The user cost of housing and the price-rent ratio in Shanghai, Regional Science and Urban Economics 92, 2022, Article 103738. DOI: https://doi.org/10.1016/j.regsciurbeco.2021.103738
  • Steg, J.-H. (2022), On identifying subgame-perfect equilibrium outcomes for timing games, Games and Economic Behavior 135, 74-78. DOI: https://doi.org/10.1016/j.geb.2022.05.012
  • Maurer, S., F. Rauch (2022), Economic Geography Aspects of the Panama Canal, Oxford Economic Papers 75, 142-162. DOI: https://doi.org/10.1093/oep/gpac009
  • Pfeifer, N., M. Steurer (2022), Early Real Estate Indicators during the COVID-19 Crisis, Journal of Official Statistics 38, 319-351. DOI: https://doi.org/10.2478/jos-2022-0017
  • Hill, R.J., M. Scholz, C. Shimizu, M. Steurer (2022), Rolling-Time Dummy House Price Indexes: Window Length, Linking and Options for Dealing with Low Transaction Volume, Journal of Official Statistics 38, 127-151. DOI: https://doi.org/10.2478/jos-2022-0007
  • Abermann, J., M. Theurl, E. Frei, B. Hynek, W. Schoener, K.W. Steininger (2022), Too Expensive to Keep - Bidding Farewell to an Iconic Mountain Glacier? Regional Environmental Change 22, 51(2022). DOI: https://doi.org/10.1007/s10113-022-01912-4
  • Williges, K., L. Meyer, K.W. Steininger (2022), Fairness Critically Conditions the Carbon Budget Allocation Across Countries, Global Environmental Change 74, 102481. DOI: https://doi.org/10.1016/j.gloenvcha.2022.102481
  • Huber, S., K.W. Steininger (2022), Critical Sustainability Issues in the Production of Wind and Solar Electricity Generation as well as Storage Facilities and Possible Solutions, Journal of Cleaner Production 339, 130720. DOI: https://doi.org/10.1016/j.jclepro.2022.130720
  • Mellacher, P. (2022), Endogenous Viral Mutations, Evolutionary Selection, and Containment Policy Design, Journal of Economic Interaction and Coordination. DOI: https://doi.org/10.1007/s11403-021-00344-3
  • Dugan, A., J. Mayer, A. Thaller, G. Bachner, K.W. Steininger (2022), Developing Policy Packages for Low-Carbon Passenger Transport: A Mixed Methods Analysis of Trade-Offs and Synergies, Ecological Economics 193, 107304. DOI: https://doi.org/10.1016/j.ecolecon.2021.107304

Publications 2021

Publications 2020

  • Kocornik-Mina, A., T. McDermott, G. Michaels, F. Rauch (2020), Flooded Cities, American Economic Journal: Applied Economics 12, 35-66. DOI : https://doi.org/10.1257/app.20170066
  • Bakker, J., C. Parsons, F. Rauch (2020), Migration and urbanization in Post-Apartheid South Africa, World Bank Economic Review 34, 509-532. DOI: https://doi.org/10.1093/wber/lhy030
  • Bakker, J., S. Maurer, J.-S. Pischke, F. Rauch (2020), Of Mice and Merchants - Trade and Growth in the Iron Age, Review of Economics and Statistics 103 (4), 652-665. DOI: https://doi.org/10.1162/rest_a_00902
  • Bateman, I.J., A. Dannenberg, R. Elliott, M. Finus, P. Koundouri, K. Millock, A. Munro, E.J.Z. Robinson, D. Rondeau, I. Schumacher, E. Stobl, T. Xepapadeas (2020), Economics of the Environment in the Shadow of Coronavirus, Environmental and Resource Economics 76, 519-523. DOI: https://doi.org/10.1007/s10640-020-00496-z
  • Caparrós, A., M. Finus (2020), The Corona-Pandemic: A Game-theoretic Perspective on Regional and Global Governance, Environmental and Resource Economics 76, 913-927. DOI: https://doi.org/10.1007/s10640-020-00475-4
  • Manner, H., F. Stark, D. Wied (2020), A monitoring procedure for detecting structural breaks in factor copula models, Studies in Nonlinear Dynamics & Econometrics 25(4), 171-192. DOI: https://doi.org/10.1515/snde-2019-0081
  • Kuzmics, C., D. Rodenburger (2020), A case of evolutionarily stable attainable equilibrium in the lab, Economic Theory 70, 685-721. DOI: https://doi.org/10.1007/s00199-019-01224-5
  • Mellacher, P., T. Scheuer (2020), Wage Inequality, Labor Market Polarization and Skill-Biased Technological Change: An Evolutionary (Agent-Based) Approach, Computational Economics 58, 233-278. DOI: https://doi.org/10.1007/s10614-020-10026-0
  • Steininger, K. W., L. Meyer, S. Nabernegg, G. Kirchengast (2020), Sectoral carbon budgets as an evaluation framework for the built environment, Buildings and Cities, pp. 1-24. DOI: https://doi.org/10.5334/bc.32
  • Kyriakou, I., P. Mousavi, J.P. Nielsen, M. Scholz (2020), Longer-Term Forecasting of Excess Stock Returns-The Five-Year Case, Mathematics 8, 927. DOI: https://doi.org/10.3390/math8060927
  • Reiter, D., M.T. Palz, M. Kreimer (2020), Intergenerational transmission of economic success in Austria with a focus on migration and gender, Journal of Labor Market Research 54, Article 6. DOI: https://doi.org/10.1186/s12651-020-00272-y
  • Borsky, S., H. Hennighausen, A. Leiter, K. Williges (2020) CITES and the zoonotic disease content in international wildlife trade, Environmental and Resource Economics 76, 1001-1017. DOI: https://doi: 0.1007/s10640-020-00456-7
  • López Prol, J., O. Sungmin (2020), Impact of COVID-19 measures on short-term electricity consumption in the most affected EU countries and USA states, iScience 23(10). DOI: https://doi.org/10.1016/j.isci.2020.101639
  • López Prol, J., K. Steininger (2020), Photovoltaic self-consumption is now profitable in Spain: effects of the new regulation on prosumers' internal rate of return, Energy Policy 146. DOI: https://doi.org/10.1016/j.enpol.2020.111793
  • Aiello, F., G. Bonanno, S.P. Rossi (2020), How firms finance innovation. Further empirics from European SMEs, Metroeconomica 71, 689-714. DOI: https://doi.org/10.1111/meca.12298
  • E. Galli, D.V. Mascia, S.P. Rossi (2020), Bank credit constraints for women-led SMEs: Self-restraint or lender bias?, European Financial Management 26, 1147-1188.(https://doi.org/10.1111/eufm.12255)
  • Bonanno, G., N. Fiorino, G. Garzarelli, S.P. Rossi (2020), Public guarantee schemes, corruption and gender: a European SME-level analysis, Applied Economics 52(60). DOI: https://doi.org/10.1080/00036846.2020.1798342
  • Palan, N., S. Simoes, N. Crespo (2020), Measuring Fifty Years of Trade Globalization, The World Economy 44(6), 1859-1884. DOI: https://doi.org/10.1111/twec.13016
  • Zilian, S., L. Zilian (2020), Digital inequality in Austria: Empirical evidence from the survey of the OECD "Programme for the International Assessment of Adult Competencies", Technology in Society 63, 101397. DOI: https://doi.org/10.1016/j.techsoc.2020.101397
  • Schütz M., R. Strohmaier (2020), Power relations in European RDI-collaboration networks. Disparities in policy-driven opportunities for knowledge generation in ICT, Economics of Innovation and New Technology. DOI: https://doi.org/10.1080/10438599.2020.1799139
  • Steurer, M., Bayr, C. (2020), Measuring urban sprawl using land use data, Land Use Policy 97, 104799. DOI: https://doi.org/10.1016/j.landusepol.2020.104799
  • Sturn, R. (2020), Preventive capacity of the state in the 21st century. Wirtschaftsdienst - Journal for Economic Policy 100, 531-537. DOI: https://doi.org/10.1007/s10273-020-2700-9
  • Hennighausen, H., Suter, J.F. (2020), Flood Risk Perception in the Housing Market and the Impact of a Major Flood Event, Land Economics 96, 366-383. DOI: http://le.uwpress.org/content/96/3/366.full.pdf+html
  • Gauer, F., Kuzmics, C. (2020), Cognitive Empathy in Conflict Situations, International Economic Review 61, 1659-1678. DOI: http://dx.doi.org/10.1111/iere.12471
  • Herold, F., Kuzmics, C. (2020), The evolution of taking roles, Journal of Economic Behavior and Organization 174, 38-63. DOI:(https://doi.org/10.1016/j.jebo.2020.03.014
  • Mathieu-Bolh, N., Wendner, R. (2020), We Are What We Eat: Obesity, Income, and Social Comparisons, European Economic Review 128, 103495. DOI: https://doi.org/10.1016/j.euroecorev.2020.103495
  • Bachner, G., Wolkinger, B., Mayer, J., Tuerk, A., Steininger, K.W. (2020), Risk assessment of the low-carbon transition of Austria's steel and electricity sectors, Environmental Innovation and Societal Transitions 35, 302-332. DOI: https://doi.org/10.1016/j.eist.2018.12.005
  • López Prol, J., Steininger, K.W., Zilberman, D. (2020), The cannibalization effect of wind and solar in the California wholesale electricity market, Energy Economics 85, 2 - 15. DOI: https://doi.org/10.1016/j.eneco.2019.104552
  • Hill, R. J., Steurer, M. (2020), Commercial Property Price Indices and Indicators: Review and Discussion of Issues Raised in the CPPI Statistical Report of Eurostat (2017), Review of Income and Wealth 66, 736-751. DOI: https://onlinelibrary.wiley.com/doi/abs/10.1111/roiw.12473
  • de Haan, J. Hendriks, R., Scholz, M. (2020), Price Measurement Using Scanner Data: TimeProduct Dummy Versus Time Dummy Hedonic Indexes, Review of Income and Wealth 67(2), 394-417. DOI: https://doi.org/10.1111/roiw.12468
  • Hill, R. J., Rambaldi, A. N., Scholz, M. (2020), Higher frequency hedonic property price indices: a state-space approach, Empirical Economics 61, 417-441. DOI : https://doi.org/10.1007/s00181-020-01862-y
  • Dovern, J., Manner, H. (2020), Order-invariant tests for proper calibration of multivariate density forecasts, Journal of Applied Econometrics 35, 440-456. DOI: https://onlinelibrary.wiley.com/doi/10.1002/jae.2755
  • Al Khourdajiea, A., Finus, M. (2020), Measures to enhance the effectiveness of international climate agreements: The case of border carbon adjustments, European Economic Review 124, Article 103405. DOI: https://doi.org/10.1016/j.euroecorev.2020.103405
  • van Ginkel, K.C.H., Botzen, W.J.W., Haasnoot, M., Bachner, G., Steininger, K.W., Hinkel, J., Watkiss, P., Boere, E., Jeuken, A., Sainz de Murieta, E., Bosello, F., Climate change induced socioeconomic tipping points: review and stakeholder consultation for policy relevant research, Environmental Research Letters 15. DOI: https://iopscience.iop.org/article/10.1088/1748-9326/ab6395
  • Rietzke, D., Chen, Y. (2020), Push or pull? Performance-pay, incentives, and information, The Rand Journal of Economics 51, 301-317. DOI: https://doi.org/10.1111/1756-2171.12314
  • Sturn, R. (2020), Public Credit, Capital, and State Agency: Fiscal Responsibility in German-Language 'Finanzwissenschaft', Research in the History of Economic Thought and Methodology: Including a Symposium on Public Finance in the History of Economic Thought, Vol. 38A, 97-121. DOI: https://doi.org/10.1108/S0743-41542020000038A009
  • Finus, M., Schneider, R., Pintassilgo, P. (2020), The role of social and technical excludability for the success of impure public good and common pool agreements. The case of international fisheries, Resource and Energy Economics 59, 101122. DOI: https://doi.org/10.1016/j.reseneeco.2019.101122
  • Bachner, G., Mayer, J., Steininger, K.W., Anger-Kraavi, A., Smith, A., Barker, T.S. (2020), Uncertainties in macroeconomic assessments of low-carbon transition pathways - The case of the European iron and steel industry, Ecological Economics 172, 106631. DOI: https://doi.org/10.1016/j.ecolecon.2020.10663
  • Caparrós, A., Finus, M. (2020), Public good agreements under the weakest-link technology, Journal of Public Economic Theory 22, 555-582. DOI: https://doi.org/10.1111/jpet.12426
  • López Prol, J., Steininger, K.W., Zilberman, D. (2020), The Cannibalization Effect of Wind and Solar in the California Wholesale Electricity Market, Energy Economics 85, 104552. DOI: https://doi.org/10.1016/j.eneco.2019.104552?
  • Dioikitopoulos, E., Turnovsky, S., Wendner, R. (2020), Dynamic Status Effects, Savings, and Income Inequality, International Economic Review 61, 351-382. DOI: https://doi.org/10.1111/iere.12426
  • Chen, B., Chen, Y., Rietzke, D. (2020), Simple contracts under observable and hidden actions, Economic Theory 69, 1023-1047. DOI : https://doi:10.1007/s00199-019-01187-7

Publications 2019

  • Sturn, R. (2019), Endogenous Power and Crises of the Liberal Order, Journal of Contextual Economics Vol 139, 3-4, 385-406. DOI: https://doi.org/10.3790/schm.139.2-4.385
  • Fang, D., Manner, H., Wied, D. (2019), Model and Moment Selection in Factor Copula Models, Journal of Financial Econometrics 2019, 1-31. DOI : https://doi.org/10.1093/jjfinec/nbz039
  • Gossner, O., Kuzmics, C. (2019), Preferences under Ignorance, International Economic Review 60, 241-257. DOI: https://doi.org/10.1111/iere.12351
  • Gehrke, C. (2019), Three outstanding NOeG presentations: Morgenstern, Viner, and Menger on the laws of costs and returns, Empirica 46, 519 - 535. DOI: https://doi.org/10.1007/s10663-019-09443-8
  • Borsky, S., Kalkschmied, K. (2019), Corruption in space: A closer look at the world's subnations, European Journal of Political Economy 59, 400 - 422. DOI: https://doi.org/10.1016/j.ejpoleco.2019.05.004
  • Darmann, A., Grundner, J., Klamler, C. (2019), Evaluative voting or classical voting rules: Does it make a difference? Empirical evidence for consensus among voting rules, European Journal of Political Economy 59, 345 - 353. DOI: https://doi.org/10.1016/j.ejpoleco.2019.04.003
  • Chen, Yu (2019), Monotonicity in optimal mechanisms in general quasi-linear environments with a continuum of types, Economic Theory Bulletin 7, 277 - 290. DOI: https://doi.org/10.1007/s40505-018-00161-1
  • Gunther, M., Kuzmics, C., Salomon, A. (2019), A note on "Renegotiation in repeated games", Games and Economic Behavior 114, 318 - 323. DOI: https://doi.org/10.1016/j.geb.2019.01.002
  • Finus, M., McGinty, M. (2019), The anti-paradox of cooperation: Diversity may pay!, Journal of Economic Behavior and Organization 157, 541 - 559. DOI: https://doi.org/10.1016/j.jebo.2018.10.015
  • E. Dioikitopoulos, Turnovsky, S., Wendner, R. (2019), Public Policy, Dynamic Status Preferences, and Wealth Inequality, Journal of Public Economic Theory 21, 923 - 944. DOI: https://doi.org/10.1111/jpet.12329
  • Chen, Y., Shi, S., Yugang, T. (2019), Valuing the urban hukou in China: Evidence from a regression discontinuity design for housing prices, Journal of Development Economics 141, article 102381. DOI: https://doi.org/10.1016/j.jdeveco.2019.102381
  • Manner, H., Fard, F.A., Pourkhanali, A., Tafakori, L. (2019), Forecasting the joint distribution of Australian electricity prices using dynamic vine copulae, Energy Economics 78, 143 - 164. DOI: https://dx.doi.org/10.1016/j.eneco.2018.10.034
  • Betty C.D., Hafner, C.M., Manner, H., Simar, L. (2019), Asymmetries in Business Cycles and the Role of Oil Production, Macroeconomic Dynamics 23, 1622 - 1648. DOI: https://doi.org/10.1017/S1365100517000360
  • Finus, M., Pintassilgo, P., Ulph, A. (2019), International Environmental Agreements with Uncertainty, Learning and Risk Aversion, Environmental and Resource Economics 73, 1165 - 1196. DOI : https://dx.doi.org/10.2139/ssrn.692502
  • Andonie, C., Rogers, B.W., Kuzmics, C. (2019), Efficiency based measures of inequality, Journal of Mathematical Economics 85, 60 - 69. DOI: https://doi.org/10.1016/j.jmateco.2019.09.002
  • Darmann, A., Klamler, C. (2019), Using the Borda rule for ranking sets of objects, Social Choice and Welfare 53, 399 - 414. DOI: https://doi.org/10.1007/s00355-019-01190-w
  • Nabernegg, S., Bednar-Friedl, B., Munõz, P., Titz, M., Vogel, J. (2019), National Policies for Global Emission Reductions: Effectiveness of Carbon Emission Reductions in International Supply Chains, Ecological Economics 158, 146 - 157. DOI: https://doi.org/10.1016/j.ecolecon.2018.12.006
  • Dujmovits, R., Sturn, R. (2019), Economy for the Common Good and the Background Conditions of the Market, Journal of Business and Economic Ethics 20, 346 - 375. DOI: https://doi.org/10.5771/1439-880X-2019-3-346
  • Mammen, E., Nielsen, J.P., Scholz, M., Sperlich, S. (2019), Conditional Variance Forecasts for Long-Term Stock Returns, Risks 7, 113. DOI: http://doi.org/10.3390/risks7040113
  • Mayer, J., Bachner, G., Steininger, K.W. (2019), Macroeconomic implications of switching to process-emission-free iron and steel production in Europe, Journal of Cleaner Production 210, 1517 - 1533. DOI: https://doi.org/10.1016/j.jclepro.2018.11.118
  • Bachner, G., Bednar-Friedl, B. (2019), The Effects of Climate Change Impacts on Public Budgets and Implications of Fiscal Counterbalancing Instruments, Environmental Modeling & Assessment 24, 121 - 142. DOI: https://doi.org/10.1007/s10666-018-9617-3
  • Melser, D., Hill, R.J. (2019), Residential Real Estate, Risk, Return and Home Characteristics: Evidence from Sydney 2002-2016, Journal of Real Estate Finance and Economics 59, 111 - 146. DOI: https://doi.org/10.1007/s11146-018-9668-x
  • Bachner, G., Steininger, K.W., Williges, K., Tuerk, A. (2019), The economy-wide effects of largescale renewable electricity expansion in Europe: The role of integration costs, Renewable Energy 134, 1369 - 1380. DOI: https://doi.org/10.1016/j.renene.2018.09.052
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