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Electricity storage and transmission: Complements or substitutes?

Neetzow, Paul; Pechan, Anna; Eisenack, Klaus - 2018

and spatial discrepancies, one frequently proposed approach is to expand storage capacities and transmission grids. It is … a theoretical model, we show that storage capacities and transmission grids can also be complements if electricity … system costs are minimized. We present the conditions that determine the kind of interdependence at specific storage …

Persistent link: https://www.econbiz.de/10012152452

How to go green? The effects of power system flexibility on the efficient transition to renewable generation

Neetzow, Paul - 2019

For decarbonization purposes, variable renewable energies (VRE) are widely and quickly deployed in historically fossil-dominated power systems. Yet, some fossil technologies are more suitable than others for integration with VRE due to their higher exibility. I utilize an analytically tractable...

Persistent link: https://www.econbiz.de/10012152453

Numerical Calculation of an Asymmetric Supply Function Equilibrium with Capacity Constraints

Holmberg, Pär - 2005

Producers submit committed supply functions to a procurement auction, e.g. an electricity auction, before the uncertain demand has been realized. In the Supply Function Equilibrium(SFE), every firm chooses the bid maximizing his expected profit given the bids of the competitors. In case of...

Persistent link: https://www.econbiz.de/10010321539

Dynamic Regulation of Public Franchises with Imperfectly Correlated Demand Shocks

Buso, Marco; Dosi, Cesare; Moretto, Michele - 2023

In a continuous-time setting, we study the design of a dynamic contract between a government and a private entity, wherein the latter commits to pay the government in return for the exclusive right to sell a service by operating a public facility. Private revenues are modelled as depending on...

Persistent link: https://www.econbiz.de/10014305705

European capitals of culture and life satisfaction

Steiner, Lasse; Frey, Bruno S.; Hotz, Simone - 2013

This paper analyzes whether hosting the most prestigious European cultural event, the European Capital of Culture, has an impact on regional economic development or the life satisfaction of the local population. Concerning the economic impact, we show that European Capitals are hosted in regions...

Persistent link: https://www.econbiz.de/10010316915

Optimal Public Investment in Resource-Rich Low-Income Countries

Algozhina, Aliya - 2020

Recent studies have found that resource-rich low-income countries are better off investing their resource revenues domestically rather than saving them abroad in a sovereign wealth fund (SWF). This paper finds an optimal rule-based policy of accumulating public capital and its associated public...

Persistent link: https://www.econbiz.de/10014547722

Deficient public infrastructure and private costs: evidence from a time-use survey for the water sector in India

Chakraborty, Lekha S. - 2008

This paper presents new evidence on the links between public-infrastructure provisioning and time allocation related to the water sector in India. An analysis of time-use data reveals that worsening public infrastructure affects market work, with evident gender differentials. The results also...

Persistent link: https://www.econbiz.de/10010266608

Highway to Hitler

Voigtländer, Nico; Voth, Hans-Joachim - 2014

Can infrastructure investment win "hearts and minds"? We analyze a famous case in the early stages of dictatorship - the building of the motorway network in Nazi Germany. The Autobahn was one of the most important projects of the Hitler government. It was intended to reduce unemployment, and was...

Persistent link: https://www.econbiz.de/10011282488

Termination fees and contract design in public-private partnerships

Buso, Marco; Dosi, Cesare; Moretto, Michele - 2018

We study the effects of granting an exit option that enables the private party to early terminate a PPP project if it turns out to be loss-making. In a continuous time setting with hidden information about stochastic operating profits, we show that a revenue-maximizing government can optimally...

Persistent link: https://www.econbiz.de/10011957024

Effects of government investment shocks on private investment and income in India

Mallick, Jagannath - 2016

This paper evaluates the effect of shocks in government investment on private investment and national income, focusing on "crowding-in" or "crowding-out" effect in India. Recent studies do not deal with this issue by taking account of the heterogeneous effect of public investment as regards to...

Persistent link: https://www.econbiz.de/10011807721