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Regulated expansion of electricity transmission networks : the effects of fluctuating demand and wind generation

Schill, Wolf-Peter; Rosellón, Juan; Egerer, Jonas - 2011

We study the performance of different regulatory approaches for the expansion of electricity transmission networks in the light of realistic demand patterns and fluctuating wind power. In particular, we are interested in the relative performance of a combined merchant-regulatory mechanism...

Persistent link: https://www.econbiz.de/10009347966

Unobservable, but unimportant? : the influence of personality traits (and other usually unobserved variables) for the evaluation of labor market policies

Caliendo, Marco; Mahlstedt, Robert; Mitnik, Oscar A. - 2014

Many commonly used treatment effects estimators rely on the unconfoundedness assumption ("selection on observables") which is fundamentally non-testable. When evaluating the effects of labor market policies, researchers need to observe variables that affect both treatment participation and labor...

Persistent link: https://www.econbiz.de/10010400598

Choices which change life satisfaction : revising SWB theory to account for change

Headey, Bruce; Muffels, Ruud J. A.; Wagner, Gert G. - 2010

on life satisfaction. The results have negative implications for the still dominant theory of SWB, set-point theory. This … theory holds that adult SWB does not change in the medium or long term, although temporary fluctuations occur due to specific … life events. Set-point theory has come under increasing criticism in recent years, primarily due to unmistakable evidence …

Persistent link: https://www.econbiz.de/10003971047

Allocative efficiency measurement revisited : do we really need input prices?

Badunenko, Oleg (contributor); Fritsch, Michael (contributor) - 2006

The traditional approach to measuring allocative efficiency is based on input prices, which are rarely known at the firm level. This paper proposes a new approach to measure allocative efficiency which is based on the output-oriented distance to the frontier in a profit technical efficiency...

Persistent link: https://www.econbiz.de/10003338120

Migration and money : what determines remittances? ; evidence from Germany

Holst, Elke (contributor); Schrooten, Mechthild (contributor) - 2006

The determinants of migrants' remittances are the subject of this study based on German SOEP data. For our analysis of the probability and amount of remittances, we do not restrict ourselves on immigrants with a foreign citizenship, but focus on all individuals with a migration background. Major...

Persistent link: https://www.econbiz.de/10003304418

Happiness: revising set point theory and dynamic equilibrium theory to account for long term change

Headey, Bruce (contributor) - 2006

An adequate theory of happiness or subjective well-being (SWB) needs to link at least three sets of variables: stable … satisfaction. Using these data, the paper suggests a major revision to the set point or dynamic equilibrium theory of SWB in order … and Tellegen, 1996). Previously, theory focused on evidence that individuals have their own equilibrium level or set point …

Persistent link: https://www.econbiz.de/10003346302

Green, brown, and now white certificates - are three one too many? : a micromodel of market interaction

Meran, Georg (contributor); Wittmann, Nadine (contributor) - 2008

Our paper deals with modeling the effects of introducing a market-based tool for improving end-users' efficiency in an energy market which is already regulated through a cap-and-trade system for green house gas emissions and a quota system meant to improve competitiveness of energy produced...

Persistent link: https://www.econbiz.de/10003746626

Support Vector Machines (SVM) as a technique for solvency analysis

Auria, Laura (contributor); Moro, Rouslan A. (contributor) - 2008

This paper introduces a statistical technique, Support Vector Machines (SVM), which is considered by the Deutsche Bundesbank as an alternative for company rating. A special attention is paid to the features of the SVM which provide a higher accuracy of company classification into solvent and...

Persistent link: https://www.econbiz.de/10003746664

Accidents, liability obligations and monopolized markets for spare parts : profits and social welfare

Baake, Pio (contributor) - 2008

We analyze the effects of accidents and liability obligations on the incentives of car manufacturers to monopolize the markets for their spare parts. We show that monopolized markets for spare parts lead to higher overall expenditures for consumers. Furthermore, while the manufacturers invest...

Persistent link: https://www.econbiz.de/10003726042

Complementarities, below-cost pricing, and welfare losses

Schlippenbach, Vanessa von (contributor) - 2008

We analyze below-cost pricing in retail markets and examine its impact on social welfare as well as on suppliers' incentives to invest in quality. Considering negotiations about a linear wholesale price between the retailer and her suppliers, we find that below-cost pricing aggravates the double...

Persistent link: https://www.econbiz.de/10003726078