This report analyses the influence of the design features of China’s pilot emissions trading systems (ETS) in the Province of Hubei and the Municipal City of Shenzhen and the development of the electricity markets on the quality of the carbon price signal. Based on publicly available data and...

I evaluate the effect of the 2011 Swedish electricity market splitting reform on the allocation of wind power, exploiting a unique data set of all Swedish applications for wind power since 2003. By comparing investments in each price zone before and after the reform using a...

We test the nature of weak form informational efficiency present in the wine market using daily return of LIV-EX 50 index from 1/1/2010 to 12/6/2020. First, we employ a number of statistical tests including variance ratio tests, tests for linear and non-linear dependence and Hurst coefficient....

This report analyses the interaction of the pilot Emissions Trading System (ETS) and the electricity market in Mexico. It does so along two main questions: a) How do ETS design features affect the environmental effectiveness of the system and the quality of the carbon price signal? b) How do...

Die führenden Internetkonzerne sind mit ihren weitläufig vernetzten Plattformen im Laufe der 2010er Jahre zu den entscheidenden Akteuren der Gestaltung und regulativen Einfassung des Internets geworden. Der Aufsatz geht der Frage nach, über welche Ansatzpunkte und Mechanismen sie ihre Rolle...

The leading Internet groups, with their extensively networked platforms, have become the key players in the design and regulatory framing of the Internet in the course of the 2010s. This paper examines the mechanisms by which they fulfil their role as structurebuilding, rule-making and...

Hayek benötigt für sein Marktmodell (in dem "der Wettbewerb" als Entdeckungsverfahren konzipiert wird) einen zweifachen Politikauftrag: (1) aktiv "die Ordnung" herzustellen (die sich selbst nicht herstellen kann) - und (2) (wenn sie hergestellt ist) sich machtlos zu stellen und nicht "in sie"...

The closures of childcare providers to most families during the COVID-19 crisis have underlined the importance of access to childcare, both to support paid work and to help shape young children's environment. However, the crisis has had severe consequences for the finances of childcare...

Zonal pricing electricity markets operate sequentially. First, the suppliers compete in a spot market. Second, to alleviate the congestion in the transmission line, in a redispatch market, the suppliers in the importing node are called into operation to increase their production, and the...

This report identifies some of the most binding constraints preventing products in targeted value chains in Tunisia from reaching strategic (high value added) markets and proposes a road map on how to strengthen their competitiveness on these market segments. The analysis is anchored in a...

The leading Internet groups, with their extensively networked platforms, have become the key players in the design and regulatory framing of the Internet in the course of the 2010s. This paper examines the mechanisms by which they fulfil their role as structurebuilding, rule-making and...

Die Theorie mehrseitiger Marktplätze hat sich seit den ersten Arbeiten von Rochet/Tirole (2003), Evans (2003) und Evans/Schmalensee (2007) und ihrer Übertragung auf Medienmärkte durch Dewenter (2006) und Dewenter/Haucap (2009) zur Analyse von Plattformmärkten im wissenschaftlichen Diskurs...

Die Corona-Pandemie erfordert staatliche Eingriffe, um negative ökonomische Auswirkungen auf Konsumenten und Unternehmen abzumildern. Es bestehen jedoch auch Gefahren bei Interventionen durch den Staat: So können ineffiziente Strukturen konserviert werden, Märkte verzerrt und langfristig...

Accusations of price manipulation in the silver and gold markets have emerged in recent years. In an effort to increase transparency, the London spot price “fixing” mechanism was recently changed from an opaque negotiation process among a small number of dealer banks to a more observable...

Hayek benötigt für sein Marktmodell (in dem "der Wettbewerb" als Entdeckungsverfahren konzipiert wird) einen zweifachen Politikauftrag: (1) aktiv "die Ordnung" herzustellen (die sich selbst nicht herstellen kann) - und (2) (wenn sie hergestellt ist) sich machtlos zu stellen und nicht "in sie"...

The closures of childcare providers to most families during the COVID-19 crisis have underlined the importance of access to childcare, both to support paid work and to help shape young children's environment. However, the crisis has had severe consequences for the finances of childcare...

Die führenden Internetkonzerne sind mit ihren weitläufig vernetzten Plattformen im Laufe der 2010er Jahre zu den entscheidenden Akteuren der Gestaltung und regulati- ven Einfassung des Internets geworden. Der Aufsatz geht der Frage nach, über welche Ansatzpunkte und Mechanismen sie ihre Rolle...

We construct mean-variance optimized currency portfolios and analyze the time- series variation of the conditional Sharpe ratio. Returns, volatility and skewness are predictable. Market timing – i.e., trading more (less) aggressively when the conditional risk-return trade-off is more (less)...

This report analyses the influence of the Cap and Trade (CaT) system and the electricity market in California along two main questions: How do CaT design features affect the environmental effectiveness of the system and the quality of the carbon price signal? How do electricity market design...

This report analyses the interaction of the European Emissions Trading System (EU ETS)and the German and Polish electricity markets along two main questions: How do EU ETS design features affect the environmental effectiveness of the system and the quality of the carbon price signal? How do...

Economics and security seem increasingly intertwined. Citing national security, states subject foreign investments to new scrutiny, even unwinding mergers like the purchase of Grindr or the creation of TikTok. The provision of 5G has become a diplomatic battleground – Huawei at its center....

"This book explores how the EU free movement of capital provisions can be interpreted in order to allow certain forms of State participation in the market for the purposes of protecting public interest objectives in the context of privatisations and golden shares"--

We tested the price linkage, the law of one price (LOP) condition, and the causality of the price linkage between the U.S. and Japanese gold and silver futures markets with consideration of structural breaks in the price series. The LOP condition did not hold for both the gold and silver markets...

We study the pass-through of indirect taxes on beer prices in the European Union (EU). Exploiting the variation of value added tax rates, beer excise tax rates, and beer prices in a panel of monthly data from 1996 to 2016 of all current 28 EU member states, we estimate the tax pass-through of...

We exploit the natural experiment of German reunification in 1990 to investigate if the institutional regimes of the formerly socialist (rather gender-equal) East Germany and the capitalist (rather gender-traditional) West Germany shaped different gender identity prescriptions of family...

We exploit the natural experiment of German reunification in 1990 to investigate if the institutional regimes of the formerly socialist (rather gender-equal) East Germany and the capitalist (rather gender-traditional) West Germany shaped different gender identity prescriptions of family...