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Designing Hedging Instruments for Locational Price Risks – Lessons from North American Financial Transmission Rights

Locational marginal pricing (LMP) provides efficient locational dispatch and investment signals but requires a complementary congestion hedging instrument to function effectively. This paper investigates how exposure to locational price differences is managed in North American nodal electricity markets through the implementation of financial transmission rights (FTRs). Drawing on insights from 15 industry ...

Steigende Preise, fallende Produktivität, höhere Mark-ups? – Analyse der Marktbedingungen in der Bauwirtschaft

Das Projekt untersucht die Entwicklung der Preisaufschläge im Bausektor vor dem Hintergrund der geplante staatliche Investitionsinitiative in Höhe von 500 Milliarden Euro und den strukturellen Fehlentwicklungen. So sind die Baupreise seit 2010 deutlich stärker gestiegen als die allgemeine Verbraucherpreise, während die Arbeitsproduktivität im selben Zeitraum signifikant zurückgegangen ist. Diese...

Evaluation Support Study for the Revision of the Guidelines on State Aid to Airports and Airlines: Final Report

This Study supports the revision of the EU Guidelines on State Aid to Airports and Airlines in light of evolving market dynamics, the impact of COVID-19, and the challenges of the green transition for the European aviation sector. Evidence was collected through literature review, data analysis, stakeholder consultations, and six case studies. The findings show that profitability remains a structural ...

Social Media: Population Favors Regulation—but Ban Only for Those up to the Age of 12

Social media usage by children and young people is an increasingly controversial topic. The focus is on risks, opportunities, and possible regulations. Politicians from all relevant parties are now open to a social media ban up to a certain age; the Federal Ministry for Family Affairs has set up a commission of experts. Based on a short survey in the Socio-Economic Panel (SOEP), conducted in September ...

Majority of the population sees both risks and opportunities in social media

Kurzschluss: wie wir unsere Energiezukunft verspielen

Warum sind nur in Deutschland die Benzinpreise so explodiert?

Die Spritpreise sind hierzulande doppelt so stark gestiegen wie im EU-Schnitt. Woran das liegt, ob illegale Deals eine Rolle spielen, warum ein Tankrabatt wenig bringt. Bei den steigenden Preisen an den Tankstellen müssten Wettbewerbshüter jetzt genau hinschauen, meint Tomaso Duso. Der Chef der Monopolkommission erklärt, wie die Politik den Markt besser regulieren könnte. Der Krieg zwischen Israel ...

Beyond Overall Income Inequality: Racial Income Gaps and Health Disparities

In this paper, we combine Census data with death records to examine the relationship between income inequality and race-specific mortality across 5,565 municipalities in Brazil. We find that overall income inequality is strongly associated with Non-White mortality but not with White mortality. To understand this disparity, we decompose the Gini coefficient and find that the racial income gap accounts ...

Parent-Child Mismatches in Educational Aspirations: Prevalence, Stability, and Convergence over Time

Parent-child mismatches in educational aspirations may negatively affect child development. We examine (1) the prevalence of mismatching aspirations across school grades 3–9 (ages 8–15), (2) their stability over time, and (3) whether mismatching aspirations converge to parents’ or to children’s aspirations. We use data from two German National Educational Panel Study cohorts (“kindergarten”: N=4,217, ...

Structural Change in Germany: Challenges for Growth and Productivity

Germany is at the onset of a profound structural change that will have a lasting impact on the dynamics of productivity and economic growth. Global megatrends such as changes in international trade, digitalisation, decarbonisation and demographic change will accelerate structural change and have far-reaching consequences for productivity growth, the international competitiveness of the German economy ...