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Ruhr Economic Papers

Published by

Ruhr-Universitat Bochum (RUB), Department of Economics

Universitatsstraβe 150, 44801 Bochum, Germany

Technische Universitat Dortmund, Department of Economic and Social Sciences

Vogelpothsweg 87, 44227 Dortmund, Germany

Universitat Duisburg-Essen, Department of Economics

Universitatsstraβe 12, 45117 Essen, Germany

Rheinisch-Westfalisches Institut für Wirtschaftsforschung (RWI Essen)
Hohenzollernstrasse 1/3, 45128 Essen, Germany

Editors:

Prof. Dr. Thomas K. Bauer

RUB, Department of Economics

Empirical Economics

Phone: +49 (0) 234/3 22 83 41, e-mail: [email protected]

Prof. Dr. Wolfgang Leininger

Technische Universitat Dortmund, Department of Economic and Social Sciences
Economics - Microeconomics

Phone: +49 (0) 231 /7 55-32 97, email: [email protected]

Prof. Dr. Volker Clausen

University of Duisburg-Essen, Department of Economics

International Economics

Phone: +49 (0) 201/1 83-36 55, e-mail: [email protected]

Prof. Dr. Christoph M. Schmidt

RWI Essen

Phone: +49 (0) 201/81 49-227, e-mail: [email protected]

Editorial Office:

Joachim Schmidt

RWI Essen, Phone: +49 (0) 201/81 49-292, e-mail: [email protected]

Ruhr Economic Papers #80

Responsible Editor: Christoph M. Schmidt

ISSN 1864-4872 (online) - ISBN 978-3-86788-087-9

The working papers published in the Series constitute work in progress circulated to
stimulate discussion and critical comments. Views expressed represent exclusively
the authors’ own opinions and do not necessarily reflect those of the editors.

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