Governments in low-income countries are increasingly integrating off-grid electricity provision into national electrification strategies, creating novel, decentralized markets for electricity. This paper studies a highly decentralized product that plays an important role in energy access: pay as...

Heterogeneous interconnections, which link regulated electricity markets to liberalised ones, are becoming increasingly important. Several such interconnections are set to be established in the near future especially between European and North African countries (e.g., Tunisia-Italy,...

The paper examines the price volatility, key determinants, and autoregressive distributed lag (ARDL) framework of Romania's Intraday Continuous Market (IDC) during the summer months. The stability of the ARDL-ECM coefficients is assessed using the cumulative sum (CUSUM) test. We explore the...

Liberalisation and decarbonisation have transformed energy system coordination from internal engineering to a complex economic and digital challenge. Liberalisation replaced vertically integrated utilities with fragmented interactions among transmission operators, distribution operators,...

The rise of the middle classes in the Global South plays a key role in global development arguments characterized by "converging divergence," where there are decreasing inequalities between countries and increasing inequalities within countries. The concept of the middle class in the social...

Increasing competition and reducing market power are core interests of economists, regulators and the public to maximise aggregate social welfare. Low prices are achieved through intense competition in the retail gasoline market. The absence of fierce competition is referred to as market power....

The restaurant industry, especially fine dining, is characterized by intense competition and an increasing number of closures. Wine is a profit lever, but the exploitation of sales potential can present a challenge. As consumers encounter more extensive wine lists, they often find themselves...

This study examines the wine revenues of the Rákóczi family and the exchange rates of wines stored in their cellars destined for foreign markets, based on surviving sources from the period between 1660 and 1709. The Rákóczi family, of Transylvanian princely descent, was among the largest...

Artificial intelligence has evolved from early concepts like Turing's machine to today's advanced vision, machine learning and neural networks. AI revolutionizes various industries: manufacturing processes, financial services, healthcare and energy management. These applications highlight AI's...

Liberalisation and decarbonisation have transformed energy system coordination from internal engineering to a complex economic and digital challenge. Liberalisation replaced vertically integrated utilities with fragmented interactions among transmission operators, distribution operators,...

The rise of the middle classes in the Global South plays a key role in global development arguments characterized by "converging divergence," where there are decreasing inequalities between countries and increasing inequalities within countries. The concept of the middle class in the social...

Dieser Aufsatz rekonstruiert aus ordonomischer Perspektive die Ratlosigkeit, mit der George Stigler 1979 der säkularen Ausdehnung staatlicher Aktivitäten im 20. Jahrhundert gegenüberstand. Stigler interpretierte das Staatswachstum handlungstheoretisch (als Akteursproblem) als Ergebnis von...

In Southern Bangladesh, where rice dominates as the staple crop, the introduction of salt-tolerant potato and sweet potato varieties aims to enhance agricultural productivity and address food and nutrition insecurity in response to climate change and soil salinization. This study evaluates the...

Dieser Aufsatz rekonstruiert aus ordonomischer Perspektive die Ratlosigkeit, mit der George Stigler 1979 der säkularen Ausdehnung staatlicher Aktivitäten im 20. Jahrhundert gegenüberstand. Stigler interpretierte das Staatswachstum handlungstheoretisch (als Akteursproblem) als Ergebnis von...

Today, as many people still hold an almost superstitious faith in the market, it is essential to reassess the respective roles of market and government in resource allocation.This paper argues that the market does not allocate resources; it is merely a platform for commodity exchange, as well as...

The wine industry introduced various packaging alternatives to traditional glass bottles, including aluminum cans. Recently, canned wine has gained significant market importance despite challenges in maintaining wine stability. Aluminum cans offer sustainability advantages over glass bottles....

This paper examines the sales distribution and genre composition of the German book market across different retail channels - e-commerce, chain stores, and independent bookstores - over the period 2011-2018. Utilizing a unique dataset comprising weekly sales data of approximately 50,000...

Citizen Knowledge discusses how knowledge, understood in a broad sense, should be dealt with in societies that combine a democratic political system with a capitalist economic system. How do citizens learn about politics? How do new scientific insights make their way into politics? What role can...

The holistic behavioral approach of dynamic capabilities has led companies to respond to survive and improve in the face of the post-pandemic challenge. The objective was to analyze the effect that market orientation, learning orientation and innovation have on business resilience. A...

The global wine trade experienced a decline in volume and value in 2023 due to reduced real incomes, post-pandemic overstocking, and shifting consumer preferences. Non-sparkling red wines were more affected than sparkling wines, white wines and wines in bag-in-box formats, with notable declines...

In European intraday electricity markets, a systematic zigzag pattern can be observed, characterized by alternating maxima and minima at the shift of hourly products. This price formation contradicts the fundamental understanding, that prices to are a monotonously increasing function of residual...