Wavelet Shrinkage using DWT has been widely used in de-noising although DWT has a translation variance problem. In this study, we solve this problem by using the translation invariant DWT. For this purpose, we propose a new complex wavelet, the Real-Imaginary Spline Wavelet (RI-Spline wavelet)....

To evaluate the Chinese government's recent market-orientated efforts to promote good corporate governance, this paper conducts a re-examination of the working mechanics for market competition and other market-based governance mechanisms to ensure good corporate governance. The finding is that...

Impure public goods represent an important group of goods. Almost every public good exerts not only effects which are public to all but also effects which are private to the producer of this good. What is often omitted in the analysis of impure public goods is the fact that – regularly –...

This paper examines the linking of price-based and quantity-based provision of a public good by two parties in the example of pollution control under a global quantity constraint, using a stochastic partial-equilibrium model. One country chooses a price-based instrument (tax) and trades with...

The revised Directive published in June 2009 suggests auctioning as a basic principle for allocation for the upcoming third trading phase of the EU Emissions Trading Scheme (EU ETS) that runs from 2013 to 2020. The article emphasizes the importance of a properly chosen auction design. Compared...

The European Union has implemented demand push and technology pull policies to foster innovation on the energy and resource efficiency of capital goods. The state of the art of general equilibrium modelling applied to environmental policy rarely treats product and process innovation separately...

As part of a cooperative project with KfW Bankengruppe, the Centre for European Economic Research (ZEW) is conducting a market survey among participants and experts of the EU Emissions Trading Scheme. The goal of the project is the analysis of the EU market for emission allowances and its...

As a complementary study, KfW Bankengruppe and the ZEW have developed a second annual survey in the framework of the KfW/ZEW-CO2-Barometer: the KfW/ZEW-CO2-Barometer – Manufacturing Industry Edition. The aim is to shed light on recent developments in the German manufacturing industry driven by...

Im Rahmen eines Kooperationsprojekts mit der KfW Bankengruppe führt das Zentrum für Europäische Wirtschaftsforschung GmbH (ZEW) seit 2009 jährlich eine Befragung unter allen regulierten deutschen Unternehmen und zahlreichen internationalen Marktexperten des EU Emissionshandelssystems durch....