We estimate the impact of renewable energy sources on the merit order and the wholesale price in Spain. We use a structural vectorautoregressive model for the merit order of production and argue that wind and solar production are exogenous to the system. As expected the overall effect is...

We estimate the impact of renewable energy sources on the merit order and the wholesale price in Spain. We use a structural vectorautoregressive model for the merit order of production and argue that wind and solar production are exogenous to the system. As expected the overall effect is...

This paper analyses the benefits of further market integration of European wholesale electricity markets. Major gains from trade are sill left unrealized due to (1) uncomplete market coupling of national wholesale markets, (2) isolated national regulation of capacity and reserve mechanisms (CRM)...

This paper analyses the benefits of further market integration of European wholesale electricity markets. Major gains from trade are still left unrealized due to (1) uncompleted market coupling of national wholesale markets, (2) isolated national regulation of capacity and reserve mechanisms...

This paper analyses the benefits of further market integration of European wholesale electricity markets. Major gains from trade are still left unrealized due to (1) uncompleted market coupling of national wholesale markets, (2) isolated national regulation of capacity and reserve mechanisms...

This paper analyses the benefits of further market integration of European wholesale electricity markets. Major gains from trade are sill left unrealized due to (1) uncomplete market coupling of national wholesale markets, (2) isolated national regulation of capacity and reserve mechanisms (CRM)...

This paper analyzes the convergence process of Central-West European wholesale electricity markets from 2004 to the beginning of 2011. Jevon's law of price indifference is scrutinized using price correlation, parametric and nonparametric tests of price-differences and cointegration analysis. As...

The focus of this paper is the empirical evaluation of the German Accelerated Vehicle Retirement program, that was implemented in January 2009 to stimulate automobile consumption. To adress this question a monthly dataset of new car registrations owned by private consumers from March 2001 until...

The focus of this paper is the empirical evaluation of the German Accelerated Vehicle Retirement program, that was implemented in January 2009 to stimulate automobile consumption. In order to adress this question a unique monthly dataset of new car registrations owned by private consumers from...

The focus of this paper is the empirical evaluation of the German Accelerated Vehicle Retirement program, that was implemented in January 2009 to stimulate automobile consumption. In order to adress this question a unique monthly dataset of new car registrations owned by private consumers from...