Power generation in Germany is increasingly moving from the use of fossil fuels and nuclear power towards renewable energy. A significant 'pillar' of this transition is the use of wind power. However, despite high levels of general support for the energy transition, there is an increasing amount...

Starting with the liberalization of electricity trading, this market grew rapidly overthe last decade. However, while spot and future markets are rather liquid nowadays,option trading is still limited. One of the potential reasons for this is that the spotprice process of electricity is still...

paper analyzes the impact of model complexity on the valuation of project financed investments along two dimensions: The NPV distribution and the expected default probability of the project. Model complexity is separated in forecast and simulation complexity. Thereby, we aim to identify elements...

Starting with the liberalization of electricity trading, this market grew rapidly over the last decade. However, while spot and future markets are rather liquid nowadays, option trading is still limited. One of the potential reasons for this is that the spot price process of electricity is still...

This paper analyzes the impact of model complexity on the net present value distribution and the expected default probability of equity investments in project finance. Model complexity is analyzed along two dimensions: simulation complexity and forecast complexity. We aim to identify model...

The process of gentrification in the peri-urban districts of French cities has scarcely been touched upon in recent research, which has hitherto seen the phenomenon as typically associated with core urban areas. The tendency has been to view the periphery through the lens of the social crisis of...

Life in the border regions within the European Union has become normal for many people, especially for younger generations. Crossing the borders is part of everyday life. In recent years, until the refugee crisis, national borders had lost significance due to their increased permeability,...

What is life in a border region like? This paper aims to answer this question, drawing on empirical research in four twin villages in the Greater Region. The findings, based on a postal survey in the twin municipalities and face-to-face interviews, show that both sides see the border situation...