Showing 71 - 80 of 14,799
All good comes at a price. The German corporatetax reform is good overall,1 but the major benefit,the tax rate cut, comes with a tightened andhighly detrimental change of ownership rule. TheGerman term Mantelkauf, literally translated as‘‘coat purchase,’’ is deceiving — it sounds and...
Persistent link: https://www.econbiz.de/10009248934
This paper deals with the modeling of the relationship of European Union Al-lowance spot- and futures-prices within the second commitment period of the Eu-ropean Union Emission Trading Scheme. Based on high frequency data, we analyzecausality in the ¯rst and the second conditional moments. To...
Persistent link: https://www.econbiz.de/10009249014
The trading of securities on multiple markets raises the question of each market’s sharein the discovery of the informationally efficient price. We exploit salient distributionalfeatures of multivariate financial price processes to uniquely determine these contributions.Thereby we resolve the...
Persistent link: https://www.econbiz.de/10009302644
Existing evidence using US data show a simultaneous covariability between a stock’s priceand quarterly flows into and out of the stock by institutional investors. In this paper we usedata on monthly changes in holdings by all investor groups at the Oslo Stock Exchange toshow that such...
Persistent link: https://www.econbiz.de/10009305235
Short-term congestion forecasting is highlyimportant for market participants in wholesale power marketsthat use Locational Marginal Prices (LMPs) to managecongestion. Accurate congestion forecasting facilitates markettraders in bidding and trading activities and assists marketoperators in system...
Persistent link: https://www.econbiz.de/10009360710
This study uses an agent-based test bed (“AMES”)to investigate separation and volatility of locational marginalprices (LMPs) in an ISO-managed restructured wholesale powermarket operating over an AC transmission grid. Particular attentionis focused on the dynamic and cross-sectional response...
Persistent link: https://www.econbiz.de/10009360767
The English auction is susceptible to tacit collusion when post-auction interbidderresale is allowed. We show this by constructing equilibria where, withpositive probability, one bidder wins the auction without any competition anddivides the spoils by optimally reselling the good to the other...
Persistent link: https://www.econbiz.de/10009360823
This paper applies production theory to define a new set of inputs for U.S. households over the post-World War II period and uses newly constructed data on some of these inputs to fit a completehousehold-demand system, including inputs of women’s and men’s housework, and seven other...
Persistent link: https://www.econbiz.de/10009360857
Recent increases in Iowa farmland values and the turbulence in the stock market have resurrected a perennial question. Which is a better investment - the stock market or farmland?[...]
Persistent link: https://www.econbiz.de/10009360884
This report examines potential impacts on export markets and prices from commercializing GMOhard red spring wheat in the U.S. within the next two to six years. GMO crop technology offerspossible large benefits to consumers in the future, if plant-breeding concepts in the developmentstage...
Persistent link: https://www.econbiz.de/10009360906