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Referierte Aufsätze Web of Science
Distributed energy resources allow for new business models that have the potential to substantially change today's power system functioning paradigm. In particular, these changes pose challenges for distribution system operators (DSOs) and their regulation alike. This article sheds light on missing aspects in current regulation, recognizing DSOs as regulated monopolies, but also as key players along ...
In:
Utilities Policy
31 (2014), S. 229-237
| Sophia Rüster, Sebastian Schwenen, Carlos Batlle, Ignacio Pérez-Arriaga
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Referierte Aufsätze Web of Science
Taking a quarter-century to build Europe's internal market for electricity may seem an incredibly long journey. The aim of achieving a Europe-wide market might be reached, but it has involved – and continues to involve – a process subject to many adverse dynamics. The EU internal market may derail greatly in the coming years from the effects of a massive push for renewables, as well as a growing decentralization ...
In:
Utilities Policy
31 (2014), S. 221-228
| Jean-Michel Glachant, Sophia Rüster
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Referierte Aufsätze Web of Science
I examine the effects of increasing amounts of fluctuating renewable energy on residual load, which is defined as the difference between actual power demand and the feed-in of non-dispatchable and inflexible generators. I draw on policy-relevant scenarios for Germany and make use of extensive sensitivity analyses. Whereas yearly renewable surplus energy is low in most scenarios analyzed, peak surplus ...
In:
Energy Policy
73 (2014), S. 65-79
| Wolf-Peter Schill
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Referierte Aufsätze Web of Science
In structural vector autoregressive (SVAR) analysis a Markov regime switching (MS) property can be exploited to identify shocks if the reduced form error covariance matrix varies across regimes. Unfortunately, these shocks may not have a meaningful structural economic interpretation. It is discussed how statistical and conventional identifying information can be combined. The discussion is based on ...
In:
Journal of Econometrics
183 (2014), S. 104-116
| Helmut Herwatz, Helmut Lütkepohl
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Referierte Aufsätze Web of Science
This paper uses Hierarchical Bayes Models to model and estimate spatial health effects in Germany. We combine rich individual-level household panel data from the German SOEP with administrative county-level data to estimate spatial county-level health dependencies. As dependent variable we use the generic, continuous, and quasi-objective SF12 health measure. We find strong and highly significant spatial ...
In:
Regional Science & Urban Economics
49 (2014), S. 305-320
| Peter Eibich, Nicolas R. Ziebarth
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Referierte Aufsätze Web of Science
Households can rely on private savings or on public unemployment insurance to hedge against the risk of becoming unemployed. These hedging mechanisms are used differently across countries. In this paper, we use a life cycle model to study the effects of unemployment on the portfolio choice of households in the US and in Germany. We distinguish short- and long-term unemployment and find that, in case ...
In:
Journal of Macroeconomics
40 (2014), S. 90-113
| Franziska Bremus, Vladimir Kuzin
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Referierte Aufsätze Web of Science
This paper studies welfare effects of a soft borrowing constraint on sovereign debt. The constraint is modeled as a proportional fine per unit of debt in excess of a specified reference value, resembling features of the Stability and Growth Pact. Sovereign debt is the result of myopic fiscal policy. It reduces welfare in the absence of lump-sum taxes. The paper shows that the borrowing constraint enhances ...
In:
Journal of Economic Dynamics & Control
38 (2014), S. 250-265
| Malte Rieth
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Referierte Aufsätze Web of Science
This paper reviews the adjustments of the feed-in tariffs for new solar photovoltaic (PV) installations in Germany. As PV system prices declined rapidly since 2009, the German government implemented automatic mechanisms to adjust the remuneration level for new installations in response to deployment volumes. This paper develops an analytic model to simulate weekly installations of PV systems of up ...
In:
Energy Economics
44 (2014), S. 36-46
| Thilo Grau
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Referierte Aufsätze Web of Science
Using a sample of Europeans aged 50+ from 12 countries in the Survey of Health, Ageing and Retirement in Europe (SHARE), we analyse the role of poor material conditions as a determinant of changes in health over a four- to five-year period. We find that poverty defined with respect to relative income has no effect on changes in health. However, broader measures of poor material conditions, such as ...
In:
Social Science & Medicine
116 (2014), S. 202-210
| Maja Adena, Michal Myck
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Referierte Aufsätze Web of Science
While some scholars interpret the frequently documented association between age and the strength of party identification as evidence of accumulated political learning, others stress the importance of critical life stages. Germany's turbulent last century, with its suspensions of democratic processes, provides the unique opportunity to empirically disentangle both effects and to also study the consequences ...
In:
Electoral Studies
33 (2014), S.90-101
| Martin Kroh