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Modelling Volatilities and Conditional Correlations in Futures Markets with a Multivariate T Distribution

Pesaran, Bahram; Pesaran, M. Hashem - 2021

than by GARCH type volatility estimates. The t-DCC estimation procedure is applied to a portfolio of daily returns on …-DCC specification. The t-DCC model also passes a number of VaR diagnostic tests over an evaluation sample. The estimation results … suggest a general trend towards a lower level of return volatility, accompanied by a rising trend in conditional cross …

Persistent link: https://www.econbiz.de/10013316934

Does LEED Certification Save Energy? Evidence from Federal Buildings

Clay, Karen; Severnini, Edson R.; Sun, Xiaochen - 2021

In the absence of first-best climate policy, energy efficiency has figured prominently among strategies to reduce carbon emissions. One of the most sought-after green certification in the building sector is the internationally recognized Leadership in Energy & Environmental Design (LEED). This...

Persistent link: https://www.econbiz.de/10013236403

Information Nudges, Subsidies, and Crowding Out of Attention : Field Evidence from Energy Efficiency Investments

Rodemeier, Matthias; Löschel, Andreas - 2023

How can information substitute or complement financial incentives such as Pigouvian subsidies? We answer this question in a large-scale field experiment that cross-randomizes energy efficiency subsidies with information about the financial savings of LED lighting. Information has two effects: It...

Persistent link: https://www.econbiz.de/10014356677

Which Households Respond to Electricity Peak Pricing Amid High Levels of Electrification?

Garnache, Cloé; Hernaes, Oeystein; Imenes, Anders Gravir - 2022

We examine heterogeneity in Norwegian households' price responses to critical peak pricing (CPP) on electricity consumption, using a large-scale randomized controlled trial (RCT), high-frequency electricity data, and default enrollment. Increasing the grid transmission charge by 4,067%...

Persistent link: https://www.econbiz.de/10014030825

Electricity Prices, River Temperatures and Cooling Water Scarcity

McDermott, Grant R. - 2013

Thermal-based power stations rely on water for cooling purposes. These water sources may be subject to incidents of scarcity, environmental regulations and competing economic concerns. This paper analyses the effect of water scarcity and increased river temperatures on German electricity prices...

Persistent link: https://www.econbiz.de/10013089970

Be Cautious with the Precautionary Principle : Evidence from Fukushima Daiichi Nuclear Accident

Neidell, Matthew - 2019

This paper provides a large scale, empirical evaluation of unintended effects from invoking the precautionary principle after the Fukushima Daiichi nuclear accident. After the accident, all nuclear power stations ceased operation and nuclear power was replaced by fossil fuels, causing an...

Persistent link: https://www.econbiz.de/10012860519

A Life-Cycle Theory Analysis of French Household Electricity Demand

Belaîd, Fateh; Rault, Christophe; Massié, Camille - 2021

This paper develops a pseudo-panel approach to examine household electricity demand behavior through the household life cycle and its response to income variations to help strengthen the energy policy-making process. Our empirical methodology is based on three rich independent microdata surveys...

Persistent link: https://www.econbiz.de/10013251547

Education Quality, Green Technology, and the Economic Impact of Carbon Pricing

Macdonald, Kevin; Patrinos, Harry Anthony - 2022

Carbon pricing is increasingly used by governments to reduce emissions. The effect of carbon pricing on economic outcomes as well as mitigating factors has been studied extensively since the early 1990s. One mitigating factor that has received less attention is education quality. If...

Persistent link: https://www.econbiz.de/10014084050

City Size, Pollution and Emission Policies

Pflüger, Michael - 2018

This paper develops a micro-founded city systems model with an endogenous number of cities to explore whether local governments establish the optimal city size when production processes involve environmental pollution. Our analysis delivers two key insights. First, if an optimal scheme to...

Persistent link: https://www.econbiz.de/10012925517

Who Pays for Higher Carbon Prices? Illustration for Lithuania and a Research Agenda

Immervoll, Herwig; Linden, Jules; O'Donoghue, Cathal; … - 2023

This paper lays out an approach, and a research agenda, for assessing the impact of carbon pricing on household budgets, and of possible compensatory government transfers that can be financed through carbon-tax revenues. It relies on a rich set of available data and policy models and combines...

Persistent link: https://www.econbiz.de/10014254928