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Referierte Aufsätze Web of Science
We re-examine the common wisdom that cross-border mergers are the most effective merger strategy for firms facing powerful unions. In contrast, we obtain a domestic merger outcome whenever firms are sufficiently heterogeneous (in terms of productive efficiency and product differentiation). A domestic merger unfolds a “wage-unifying” effect which limits the union's ability to extract rents. When products ...
In:
Journal of Economic Behavior & Organization
127 (2016), S. 16-29
| Irina Baye, Beatrice Pagel, Christian Wey
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Referierte Aufsätze Web of Science
In Germany and beyond, various capacity mechanisms are currently being discussed with a view to improving the security of electricity supply. One of these mechanisms is a strategic reserve that retains generation capacity for use in times of critical supply shortage. We argue that strategic reserves have specific advantages compared to other capacity mechanisms in the context of the European energy ...
In:
Utilities Policy
41 (2016), S. 252-263
| Karsten Neuhoff, Jochen Diekmann, Friedrich Kunz, Sophia Rüster, Wolf-Peter Schill, Sebastian Schwenen
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Referierte Aufsätze Web of Science
This modeling comparison exercise looks at the global consequences of increased shale gas production in the U.S. and increased gas demand from Asia. We find that differences in models' theoretical construct and assumptions can lead to divergences in their predictions about the consequences of U.S. shale gas boom. In general, models find that U.S. High Shale Gas scenario leads to increased U.S. production, ...
In:
Energy Economics
60 (2016), S. 405-415
| Sonia Yeh, Yiyong Cai, Daniel Huppman, Paul Bernstein, Sugandha Tuladhar, Hillard G. Huntington
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Referierte Aufsätze Web of Science
This article studies the interaction of information disclosure and reputational concerns in certification markets. We argue that by revealing information less precisely, a certifier reduces the threat of capture because this reduces her gains from selling fraudulent certificates. As a result, only imprecise disclosure rules are implementable for intermediate discount factors. Our results therefore ...
In:
European Economic Review
89 (2016), S. 345-360
| Martin Pollrich, Lilo Wagner
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Referierte Aufsätze Web of Science
Despite the benefits of smoke-free legislation on adult health, little is known about its impact on children's health. We examined the effects of tobacco control policies on the rate of emergency department (ED) visits for childhood asthma (N = 128,807), ear infections (N = 288,697), and respiratory infections (N = 410,686) using outpatient ED visit data in Massachusetts (2001 − 2010), New Hampshire ...
In:
Preventive Medicine
89 (2016), S. 278–285
| Summer Sherburne Hawkins, Sylvia Hristakeva, Mark Gottlieb, Christopher F. Baum
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Referierte Aufsätze Web of Science
The upheaval in global crude oil markets and the boom in shale oil production in North America brought scrutiny on the US export ban for crude oil from 1975. The ban was eventually lifted in early 2016. This paper examines the shifts of global trade flows and strategic refinery investments in a spatial, game-theoretic partial equilibrium model. We consider detailed oil supply chain infrastructure with ...
In:
Energy Policy
97 (2016), S. 258-266
| Lissy Langer, Daniel Huppmann, Franziska Holz
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Referierte Aufsätze Web of Science
This paper uses propensity score methods to analyse the effect of involuntary maternal job loss on children's non-cognitive skills. My analyses are based on a rich and nationwide random sample, the German Socio-Economic Panel Study (SOEP) that includes information about maternal job loss and child behaviour and non-cognitive skills, in addition to a rich conditioning set. The results show that maternal ...
In:
Labour Economics
42 (2016), S. 43-63
| Frauke H. Peter
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Referierte Aufsätze Web of Science
We analyze the electricity transmission planning process in Germany (Netzentwicklungsplan), which separates transmission expansion decisions from generation dispatch. We employ an economic modeling approach to analyze two different network planning settings. In the first setting, there is no trade-off between transmission network development and generation dispatch, as is currently the case in Germany. ...
In:
Energy Policy
94 (2016), S. 446-452
| Claudia Kemfert, Friedrich Kunz, Juan Rosellón
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Referierte Aufsätze Web of Science
Investigating the impact of family instability is important as more and more children experience different family changes in many industrialized countries. In this paper we examine the dynamics of family structure, looking at the potential effect of yearly maternal partnership transitions on adolescents’ locus of control. We aim at combining research on family instability with research on non-cognitive ...
In:
The B.E. Journal of Economic Analysis & Policy
16 (2016), 3, S. 1439-1471
| Frauke H. Peter, C. Katharina Spieß
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Referierte Aufsätze Web of Science
This paper studies the reaction of the Euro's value against major currencies to sovereign rating announcements from Moody's, S&P and Fitch CRAs during the Eurozone debt crisis in 2010–2012 based on event study methodology combined with GARCH models. We also analyze how the yields of French, Italian, German and Spanish government long-term bonds were affected by CRA announcements. Our results reveal ...
In:
Journal of Financial Stability
24 (2016), S. 117-131
| Christopher F. Baum, Dorothea Schäfer, Andreas Stephan