---
_id: '45401'
abstract:
- lang: eng
  text: |-
    <jats:title>Abstract</jats:title>
                   <jats:p>This paper investigates the price impact of the fuel discount in Germany, which was introduced between June and August 2022 to partially compensate increased energy costs. Using the augmented synthetic control method (ASCM) to construct the counterfactual, we provide quantitative evidence to the heated debate concerning the impact of this policy tool and find the fuel discount to have decreased consumer prices of petrol (diesel) by at least 0.30 euro per litre (0.10 euro per litre) on average. The results are robust to various sensitivity checks. Thus, oil companies and petrol stations decreased prices for consumers and passed on about 85 % (65 %) of the discount in case of petrol (diesel). Moreover, we do not find signs of excessive price increases in anticipation of the fuel discount.</jats:p>
author:
- first_name: Volker
  full_name: Seiler, Volker
  last_name: Seiler
- first_name: Nico
  full_name: Stöckmann, Nico
  last_name: Stöckmann
citation:
  ama: Seiler V, Stöckmann N. The Impact of the German Fuel Discount on Prices at
    the Petrol Pump. <i>German Economic Review</i>. 2023;0(0). doi:<a href="https://doi.org/10.1515/ger-2022-0108">10.1515/ger-2022-0108</a>
  apa: Seiler, V., &#38; Stöckmann, N. (2023). The Impact of the German Fuel Discount
    on Prices at the Petrol Pump. <i>German Economic Review</i>, <i>0</i>(0). <a href="https://doi.org/10.1515/ger-2022-0108">https://doi.org/10.1515/ger-2022-0108</a>
  bibtex: '@article{Seiler_Stöckmann_2023, title={The Impact of the German Fuel Discount
    on Prices at the Petrol Pump}, volume={0}, DOI={<a href="https://doi.org/10.1515/ger-2022-0108">10.1515/ger-2022-0108</a>},
    number={0}, journal={German Economic Review}, publisher={Walter de Gruyter GmbH},
    author={Seiler, Volker and Stöckmann, Nico}, year={2023} }'
  chicago: Seiler, Volker, and Nico Stöckmann. “The Impact of the German Fuel Discount
    on Prices at the Petrol Pump.” <i>German Economic Review</i> 0, no. 0 (2023).
    <a href="https://doi.org/10.1515/ger-2022-0108">https://doi.org/10.1515/ger-2022-0108</a>.
  ieee: 'V. Seiler and N. Stöckmann, “The Impact of the German Fuel Discount on Prices
    at the Petrol Pump,” <i>German Economic Review</i>, vol. 0, no. 0, 2023, doi:
    <a href="https://doi.org/10.1515/ger-2022-0108">10.1515/ger-2022-0108</a>.'
  mla: Seiler, Volker, and Nico Stöckmann. “The Impact of the German Fuel Discount
    on Prices at the Petrol Pump.” <i>German Economic Review</i>, vol. 0, no. 0, Walter
    de Gruyter GmbH, 2023, doi:<a href="https://doi.org/10.1515/ger-2022-0108">10.1515/ger-2022-0108</a>.
  short: V. Seiler, N. Stöckmann, German Economic Review 0 (2023).
date_created: 2023-05-31T10:08:15Z
date_updated: 2023-05-31T10:09:11Z
doi: 10.1515/ger-2022-0108
issue: '0'
keyword:
- Economics and Econometrics
language:
- iso: eng
publication: German Economic Review
publication_identifier:
  issn:
  - 1465-6485
  - 1468-0475
publication_status: published
publisher: Walter de Gruyter GmbH
status: public
title: The Impact of the German Fuel Discount on Prices at the Petrol Pump
type: journal_article
user_id: '65503'
volume: '0'
year: '2023'
...
---
_id: '57396'
abstract:
- lang: eng
  text: "<jats:title>Abstract</jats:title>\r\n               <jats:p> Several studies
    have analyzed motives to work in the public versus private sector. However, research
    on prosocial motivation in the context of public sector employment has largely
    neglected civic virtue, the motive to contribute to society. This study considers
    civic virtue in addition to other possible motives, using a representative, longitudinal
    dataset of employees in Germany including 63,180 observations of 13,683 different
    individuals. We find that civic virtue relates positively to public sector employment
    beyond altruism, risk aversion, laziness and (low) financial motivation. The result
    holds within different branches and is explained by sorting into the sector.</jats:p>"
author:
- first_name: Adam
  full_name: Ayaita, Adam
  last_name: Ayaita
- first_name: Philip
  full_name: Yang, Philip
  id: '100432'
  last_name: Yang
- first_name: Filiz
  full_name: Gülal, Filiz
  last_name: Gülal
citation:
  ama: Ayaita A, Yang P, Gülal F. Where Does the Good Shepherd Go? Civic Virtue and
    Sorting into Public Sector Employment. <i>German Economic Review</i>. 2018;20(4):e571-e599.
    doi:<a href="https://doi.org/10.1111/geer.12180">10.1111/geer.12180</a>
  apa: Ayaita, A., Yang, P., &#38; Gülal, F. (2018). Where Does the Good Shepherd
    Go? Civic Virtue and Sorting into Public Sector Employment. <i>German Economic
    Review</i>, <i>20</i>(4), e571–e599. <a href="https://doi.org/10.1111/geer.12180">https://doi.org/10.1111/geer.12180</a>
  bibtex: '@article{Ayaita_Yang_Gülal_2018, title={Where Does the Good Shepherd Go?
    Civic Virtue and Sorting into Public Sector Employment}, volume={20}, DOI={<a
    href="https://doi.org/10.1111/geer.12180">10.1111/geer.12180</a>}, number={4},
    journal={German Economic Review}, publisher={Walter de Gruyter GmbH}, author={Ayaita,
    Adam and Yang, Philip and Gülal, Filiz}, year={2018}, pages={e571–e599} }'
  chicago: 'Ayaita, Adam, Philip Yang, and Filiz Gülal. “Where Does the Good Shepherd
    Go? Civic Virtue and Sorting into Public Sector Employment.” <i>German Economic
    Review</i> 20, no. 4 (2018): e571–99. <a href="https://doi.org/10.1111/geer.12180">https://doi.org/10.1111/geer.12180</a>.'
  ieee: 'A. Ayaita, P. Yang, and F. Gülal, “Where Does the Good Shepherd Go? Civic
    Virtue and Sorting into Public Sector Employment,” <i>German Economic Review</i>,
    vol. 20, no. 4, pp. e571–e599, 2018, doi: <a href="https://doi.org/10.1111/geer.12180">10.1111/geer.12180</a>.'
  mla: Ayaita, Adam, et al. “Where Does the Good Shepherd Go? Civic Virtue and Sorting
    into Public Sector Employment.” <i>German Economic Review</i>, vol. 20, no. 4,
    Walter de Gruyter GmbH, 2018, pp. e571–99, doi:<a href="https://doi.org/10.1111/geer.12180">10.1111/geer.12180</a>.
  short: A. Ayaita, P. Yang, F. Gülal, German Economic Review 20 (2018) e571–e599.
date_created: 2024-11-25T08:54:08Z
date_updated: 2025-04-09T13:21:09Z
department:
- _id: '681'
doi: 10.1111/geer.12180
intvolume: '        20'
issue: '4'
language:
- iso: eng
page: e571-e599
publication: German Economic Review
publication_identifier:
  issn:
  - 1468-0475
  - 1465-6485
publication_status: published
publisher: Walter de Gruyter GmbH
status: public
title: Where Does the Good Shepherd Go? Civic Virtue and Sorting into Public Sector
  Employment
type: journal_article
user_id: '80877'
volume: 20
year: '2018'
...
---
_id: '57943'
abstract:
- lang: eng
  text: "<jats:title>Abstract</jats:title>\r\n               <jats:p> We propose the
    application of digit analysis using the Benford law to indicate managerial engagement
    in the capital allocation process. First, we motivate the potential of the Benford
    digit analysis to identify allocation outcomes that are shaped by human engagement
    instead of fixed decision rules. Second, we provide a case study to illustrate
    how the Benford digit analysis can be used to detect allocations affected by managerial
    interventions. We are unaware of any study applying the Benford test to internal
    capital markets, while this approach appears very useful in this context. It is
    commonly used in the auditing, financial accounting, and fraud detection literature.</jats:p>"
author:
- first_name: Florian
  full_name: El Mouaaouy, Florian
  last_name: El Mouaaouy
- first_name: Jan
  full_name: Riepe, Jan
  id: '86351'
  last_name: Riepe
citation:
  ama: 'El Mouaaouy F, Riepe J. Benford and the Internal Capital Market: A Useful
    Indicator of Managerial Engagement. <i>German Economic Review</i>. 2017;19(3):309-329.
    doi:<a href="https://doi.org/10.1111/geer.12129">10.1111/geer.12129</a>'
  apa: 'El Mouaaouy, F., &#38; Riepe, J. (2017). Benford and the Internal Capital
    Market: A Useful Indicator of Managerial Engagement. <i>German Economic Review</i>,
    <i>19</i>(3), 309–329. <a href="https://doi.org/10.1111/geer.12129">https://doi.org/10.1111/geer.12129</a>'
  bibtex: '@article{El Mouaaouy_Riepe_2017, title={Benford and the Internal Capital
    Market: A Useful Indicator of Managerial Engagement}, volume={19}, DOI={<a href="https://doi.org/10.1111/geer.12129">10.1111/geer.12129</a>},
    number={3}, journal={German Economic Review}, publisher={Walter de Gruyter GmbH},
    author={El Mouaaouy, Florian and Riepe, Jan}, year={2017}, pages={309–329} }'
  chicago: 'El Mouaaouy, Florian, and Jan Riepe. “Benford and the Internal Capital
    Market: A Useful Indicator of Managerial Engagement.” <i>German Economic Review</i>
    19, no. 3 (2017): 309–29. <a href="https://doi.org/10.1111/geer.12129">https://doi.org/10.1111/geer.12129</a>.'
  ieee: 'F. El Mouaaouy and J. Riepe, “Benford and the Internal Capital Market: A
    Useful Indicator of Managerial Engagement,” <i>German Economic Review</i>, vol.
    19, no. 3, pp. 309–329, 2017, doi: <a href="https://doi.org/10.1111/geer.12129">10.1111/geer.12129</a>.'
  mla: 'El Mouaaouy, Florian, and Jan Riepe. “Benford and the Internal Capital Market:
    A Useful Indicator of Managerial Engagement.” <i>German Economic Review</i>, vol.
    19, no. 3, Walter de Gruyter GmbH, 2017, pp. 309–29, doi:<a href="https://doi.org/10.1111/geer.12129">10.1111/geer.12129</a>.'
  short: F. El Mouaaouy, J. Riepe, German Economic Review 19 (2017) 309–329.
date_created: 2025-01-06T08:34:18Z
date_updated: 2025-01-06T08:34:25Z
doi: 10.1111/geer.12129
intvolume: '        19'
issue: '3'
language:
- iso: eng
page: 309-329
publication: German Economic Review
publication_identifier:
  issn:
  - 1468-0475
  - 1465-6485
publication_status: published
publisher: Walter de Gruyter GmbH
status: public
title: 'Benford and the Internal Capital Market: A Useful Indicator of Managerial
  Engagement'
type: journal_article
user_id: '91345'
volume: 19
year: '2017'
...