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Referierte Aufsätze Web of Science
While studies have examined motivations for businesses to exit and relocate in response to tax and regulatory policies at the state level, no previous work has considered whether U.S. state antitrust enforcement may have similar effects. The results of this article suggest that state-level antitrust (even when coordinated with the federal government) plays a fairly minor role in the exit decision of ...
In:
Journal of Competition Law & Economics
11 (2015), 1, S. 85-106
| Robert M. Feinberg, Thomas A. Husted, Florian Szücs
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Referierte Aufsätze Web of Science
In northern Europe, wind energy has become a dominate renewable energy source, due to natural conditions and national support schemes. However, the uncertainty about wind generation affects existing network infrastructure and power production planning of generators, which cannot be fully diminished by wind forecasts. In this paper we develop a stochastic electricity market model to analyze the impact ...
In:
Networks and Spatial Economics
15 (2015), 1, 117-147
| Jan Abrell, Friedrich Kunz
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Referierte Aufsätze Web of Science
Natural gas plays an important role in the global energy system as an input to power generation, heating, and industry. This article identifies key drivers and uncertainties for natural gas markets in the coming decades. These include the availability of natural gas from conventional and unconventional sources, the role of international trade, and the impact of climate policies. We build on model-based ...
In:
Review of Environmental Economics and Policy
9 (2015), Iss. 1, 85-106
| Franziska Holz, Philipp M. Richter, Ruud Egging
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Referierte Aufsätze Web of Science
This article provides an overview of the natural gas industry, which we view as a bridge fuel toward a lower-carbon energy system in many countries and regions around the world. Based on a review of the literature, an econometric analysis of natural gas prices and contracts, and the authors’ experience with the natural gas industry, this introductory article to the symposium on the Prospects for Natural ...
In:
Review of Environmental Economics and Policy
9 (2015), Iss. 1, 64-84
| Anne Neumann, Christian von Hirschhausen
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Referierte Aufsätze Web of Science
This study analyses differences in individual-level working poverty determinants between Germany and the UK. These differences are linked to institutional patterns at the country level. Here, we observe that the two countries differ especially in bargaining centralisation, employment protection legislation and family policy. At the same time, the levels of decommodification and labour market regulation ...
In:
European Societies
17 (2015), No. 1, S. 27-46
| Marco Giesselmann
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Referierte Aufsätze Web of Science
We employ German social security records to investigate intragenerational lifetime earnings inequality and mobility of yearly earnings for 35 cohorts, starting with the birth year 1935. Our main result is a striking secular rise of intragenerational inequality in lifetime earnings: West German men born in the early 1960s are likely to experience about 85% more lifetime inequality than their fathers. ...
In:
Journal of Labor Economics
33 (2015) No. 1, S. 171-208
| Timm Bönke, Giacomo Corneo, Holger Lüthen
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Referierte Aufsätze Web of Science
We propose a merchant-regulatory framework to promote investment in the European natural gas network infrastructure based on a price cap over two-part tariffs. As suggested by Vogelsang (J Regul Econ 20:141–165, 2001) and Hogan et al. (J Regul Econ38:113–143, 2010), a profit maximizing network operator facing this regulatory constraint will intertemporally rebalance the variable and fixed part of its ...
In:
Networks and Spatial Economics
15 (2015), 1, 149-181
| Anne Neumann, Juan Rosellón, Hannes Weigt
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Referierte Aufsätze Web of Science
U.S. shale gas production is generally expected to continue its fast rise of the last years. However, a cautious evaluation is needed. Shale gas resources are potentially overestimated and it is uncertain to what extent they can be economically produced. The adverse environmental effects of ever more wells being drilled may lead to a fall in public acceptance and the strengthening of U.S. regulation. ...
In:
Economics of Energy and Environmental Policy
4 (2015), 1, S. 131-151
| Philipp M. Richter
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Referierte Aufsätze Web of Science
One of the central debates surrounding the design of the European Union Emissions Trading Scheme is the approach to address carbon leakage concerns. Correctly identifying the economic activities exposed to the risk of carbon leakage represents the first step in mitigating the risk effectively. This paper assesses the robustness of the quantitative assessment criteria used by the European Commission ...
In:
Environmental & Resource Economics
60 (2015), 1, S. 99-124
| Misato Sato, Karsten Neuhoff, Verena Graichen, Katja Schumacher, Felix Matthes
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Referierte Aufsätze Web of Science
We argue that the vast bulk of movements in aggregate real economic activity during the Great Recession were due to financial frictions. We reach this conclusion by looking through the lens of an estimated New Keynesian model in which firms face moderate degrees of price rigidities, no nominal rigidities in wages, and a binding zero lower bound constraint on the nominal interest rate. Our model does ...
In:
American Economic Journal: Macroeconomics
7 (2015), 1, S. 110-167
| Lawrence J. Christiano, Martin S. Eichenbaum, Mathias Trabandt