We are the first to analyze the effect of terror on stock markets by terror ideology. Surprisingly, we find that Islamist terror attacks created significant negative abnormal returns in American and European markets, but the stock market effects of other terror attacks were almost nil. For our sample of all…

This study examines the real estate market in Germany at the district level, focusing on all NUTS 3 regions from 2012 to 2022. Using spatial econometric models, the analysis explores the association of socio-economic variables and COVID-19-related indicators—including infection rates and mobility restrictions—with regional property prices. Our results indicate that…

With the “Zeitenwende” in security policy and a significant increase in defense spending, calls for industrial policy measures to strengthen the domestic arms industry are growing louder. However, little attention is being paid to the role of competition policy. This article first reconstructs the specific characteristics of arms markets and…