Industrial demand response can play an important part in balancing the intermittent production from a growing share of renewable energies in electricity markets. This paper analyses the role of aggregators – intermediaries between participants and the electricity market – in facilitating industrial demand response. Based on the results from semi-structured interviews with German demand response aggregators, ...
Using quantile regression methods, this paper analyses the gender wage gap across the wage distribution and over time (1990-2014), while controlling for changing sample selection into full-time employment. Our findings show that the selection-corrected gender wage gap is much larger than the one observed in the data, which is mainly due to large positive selection of women into fulltime employment. ...
The (re-)introduction of rent regulation in the form of rent controls, tenant protection or supply rationing is back on the agenda of policymakers in light of rent inflation in many global cities. While rent control as social policy promises short-term relief, economists point to their negative long-run effects on new construction. This paper present long-run data on both rent regulation and housing ...
After failing to fully recover from the last financial crisis, the pandemic poses major new challenges for banks. However, this time, banks are not the problem, but part of the solution. By providing credit to the economy, banks play a crucial role in fighting the pandemic by ensuring the transmission of fiscal and monetary stimulus to the economy. Nevertheless, banks are not among the winners of...
