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Referierte Aufsätze Web of Science
In this paper, we compare different policy incentives for overcoming investment uncertainties that are typical for low-carbon technologies prior to their commercialisation, some of which may be attributable to market failures. The paper focuses on the particular case of carbon capture and storage (CCS) technologies and conducts a qualitative multi-criteria analysis of different public policy support ...
In:
Global Environmental Change
21 (2011), 2, S. 346-357
| Christoph von Stechow, Jim Watson, Barbara Praetorius
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Referierte Aufsätze Web of Science
This paper investigates the effect of ethnicity on time spent on secondary household production, work and leisure activities employing the 2000 UK Time Use Survey. We find that, unconditionally, white females manage to "stretch" their time the most by almost four additional hours per day and non-white men "stretch" their time the least. The three secondary activities most often combined with other ...
In:
Review of Economics of the Household
9 (2011), 2, S. 181-206
| Anzelika Zaiceva, Klaus F. Zimmermann
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Referierte Aufsätze Web of Science
We employ covariance structure models to decompose the cross-sectional variance of male wages in Germany into its permanent and transitory parts. We find that the steep growth of cross-sectional inequality during the early 2000s is predominantly driven by transitory factors.
In:
Economics Letters
113 (2011), 2, S. 143-146
| Michal Myck, Richard Ochmann, Salmai Qari
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Referierte Aufsätze Web of Science
Since 1996 regional rail passenger services in Germany have been subject to franchising. The franchising framework is characterised by a strong decentralisation of responsibilities, a considerable degree of freedom for the responsible authorities regarding contract design, a sound financial basis for awarding contracts, and the free choice of authorities between tendering procedures and direct awarding ...
In:
International Journal of Transport Economics
38 (2011), 2, S. 173-200
| Heike Link, Rico Merkert
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Referierte Aufsätze Web of Science
We investigate convergence in European price level, unit labour cost, income and productivity data over the period of 1960-2006 using the non-linear time-varying coefficients factor model proposed by Philips and Sul (2007 Econometrica 75:1771-1855). This approach is extremely flexible in order to model a large number of transition paths to convergence. We find regional clusters in consumer price level ...
In:
Empirical Economics
41 (2011), 2, S. 343-369
| Ulrich Fritsche, Vladimir Kuzin
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Referierte Aufsätze Web of Science
This paper examines how delivery tariffs and private quality standards are determined in vertical relations that are subject to asymmetric information. We consider an infinitely repeated game where an upstream firm sells a product to a downstream firm. In each period, the firms negotiate a delivery contract comprising the quality of the good as well as a non-linear tariff. Assuming asymmetric information ...
In:
Journal of Economics
103 (2011), 2, S. 149-169
| Pio Baake, Vanessa von Schlippenbach
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Referierte Aufsätze Web of Science
This paper estimates for 28 product groups a characteristic parameter that reflects the topological structure of its tradingnetwork. Using these estimates, it describes how the structure of international trade has evolved during the 1980-2000 period. Thereafter, it demonstrates the importance of networks in international trade by explicitlyaccounting for their scaling properties when testing the prediction ...
In:
International Review of Economics and Finance
20 (2011), 2, S. 135-145
| Thushyanthan Baskaran, Florian Blöchl, Tilman Brück, Fabian J. Theis
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Referierte Aufsätze Web of Science
The increased wind energy supplied to many electricity markets around the world has to be balanced by reliably ramping units or other complementary measures when wind conditions are low. At the same time wind energy impacts both, the utilization of thermal power plants and the market prices. While the market prices tend to decrease, the impact on the utilization of different plant types is at the outset ...
In:
Energy Economics
33 (2011), 2, S. 249-256
| Thure Traber, Claudia Kemfert
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Referierte Aufsätze Web of Science
This paper compares the mixed-data sampling (MIDAS) and mixed-frequency VAR (MF-VAR) approaches to model specification in the presence of mixed-frequency data, e.g. monthly and quarterly series. MIDAS leads to parsimonious models which are based on exponential lag polynomials for the coefficients, whereas MF-VAR does not restrict the dynamics and can therefore suffer from the curse of dimensionality. ...
In:
International Journal of Forecasting
27 (2011), 2, S. 529-542
| Vladimir Kuzin, Massimiliano Marcellino, Christian Schumacher
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Referierte Aufsätze Web of Science
Traditional specification testing does not always improve subsequent inference. We demonstrate by means of computer experiments under which circumstances, and how severely, data-driven model selection can destroy the size properties of subsequent parameter tests, if they are used without adjusting for the model-selection step. The investigated models are representative of macroeconometric and microeconometric ...
In:
Empirical Economics
41 (2011), 2, S. 359-372
| Matei Demetrescu, Uwe Hassler, Vladimir Kuzin