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Publication Immigration and Housing Rents: Short‐Run Effects of the 2015 Refugee Crisis in Germany(Wiley, 2025-07-08)We study the impact of the 2015 mass arrival of refugees in Germany on housing rents. Using data on county-level refugee populations and offers of flats for rent from Germany's leading online property broker ImmobilienScout24, we find strong and robust evidence in DiD and IV regressions that refugee immigration adversely affected rental price growth. Additional explorations into native (German) mobility responses, related housing market metrics, and regional effect heterogeneity by prevalence of anti-refugee crimes, crimes against natives involving refugee suspects, neighborhood (1 km grid) characteristics, and local exposure to different types of refugee housing suggest that perceptions of refugee immigration as a (source of) disamenity are major drivers of our findings.Type:Journal:Volume:Issue: - Some of the metrics are blocked by yourconsent settings
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Publication Unlocking the benefits of direct-to-consumer (DTC) strategies without alienating dealers(Elsevier BV, 2025-04)This study examines the evolving role of direct-to-consumer (DTC) strategies among product manufacturers, with a particular focus on their relationship with dealer-based customer engagement. While moving closer to customers through DTC models offers significant benefits—including enhanced brand identity, improved competitive positioning, valuable data insights, and increased customer retention—these strategies can also generate tension with traditional dealer networks. Such tensions give rise to the DTC paradox, where DTC initiatives fail to deliver anticipated returns and simultaneously strain dealer relationships. Drawing on four in-depth case studies from leading international manufacturers, this article outlines a framework for implementing DTC strategies across key phases of the customer journey: awareness, purchasing, usage, and retention. The findings demonstrate that rather than bypassing dealers, manufacturers can achieve better outcomes by integrating dealers into their DTC strategies. This hybrid approach reduces channel conflict, enhances digital engagement, and fosters stronger, long-term customer relationships. The study contributes to the literature on omnichannel marketing, hybrid sales models, and co-opetition, offering actionable insights for manufacturers navigating the challenges of digital transformation while maintaining productive dealer collaborations.
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Publication The dubious hold-up over NAMA(Centre for Economic Policy Research (CEPR), 2011)If trade diplomats thought they knew one thing, it was how to cut industrial tariffs. Yet the Doha deadlock rests squarely on the inability to compromise on industrial tariff cuts. This column says that the arguments made for higher levels of ambition don't stand up to much scrutiny and should not be allowed to provide a basis for a continuing impasse. - Some of the metrics are blocked by yourconsent settings
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