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Referierte Aufsätze Web of Science
We analyze the effects of incentive regulation with revenue caps on the investment behaviors of 109 German electricity distribution companies. We hypothesize that with Germany's implementation of incentive regulation in 2009 firms increase their investments in the base year when the rate base is determined for the following regulatory period. We build a model that controls for both firm-specific heterogeneity ...
In:
Energy Economics
57 (2016), S. 192-203
| Astrid Cullmann, Maria Nieswand
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Referierte Aufsätze Web of Science
In this paper, we analyze the technical efficiency and CO2 reduction potentials of German power and heat plants, using a non-parametric sequential Data Envelopment Analysis. We apply a metafrontier framework to evaluate plant-level efficiency in the transformation of inputs into desirable (energy) and undesirable (CO2 emissions) outputs, taking into account different fossil fuel generation technologies. ...
In:
Energy Economics
56 (2016), S. 9-19
| Stefan Seifert, Astrid Cullmann, Christian von Hirschhausen
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Referierte Aufsätze Web of Science
The career concerns literature predicts that incentives for effort decline as beliefs about ability become more precise (Holmström, 1982, 1999). In contrast, we show that effort can increase with belief precision when agents compete for promotions to better paid jobs that are assigned on the basis of perceived abilities. In this case, an intermediate level of precision provides the strongest incentive ...
In:
The Economic Journal
125 (2015), 589, S. 1952-1963
| Jeanin Miklós-Thal, Hannes Ullrich
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Referierte Aufsätze Web of Science
Research shows that total factor productivity (TFP) growth is weak in European countries. This is inter alia attributed to the fact that substantial TFP growth is limited to a few industries. Because TFP growth is typically understood as technological progress, it is concluded that technology diffusion between sectors in Europe is hampered. We use EU KLEMS data sets to decompose sectoral TFP for nine ...
In:
Applied Economics
47 (2015), 55, S. 5933-5944
| Alexander Schiersch, Heike Belitz, Martin Gornig
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Referierte Aufsätze Web of Science
Using inpatient discharge records from the Italian region of Piedmont, we estimate the impact of an increase in malpractice pressure brought about by experience-rated liability insurance on obstetric practices. Our identification strategy exploits the exogenous location of public hospitals in court districts with and without schedules for noneconomic damages. We perform difference-in-differences analysis ...
In:
Health Economics
24 (2015), 9, S. 1050-1064
| Sofia Amaral-Garcia, Paola Bertoli, Veronica Grembi
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Referierte Aufsätze Web of Science
We assess the effect of two antithetic non-monetary incentive schemes based on grading rules on students’ effort, using experimental data. We randomly assigned students to a tournament scheme that fosters competition between paired up students, a cooperative scheme that promotes information sharing and collaboration between students and a baseline treatment in which students can neither compete nor ...
In:
The B.E. Journal of Economic Analysis & Policy
15 (2015), 4, S. 1753-1792
| Maria Bigoni, Mattia Nardotto, Margherita Fort, Tommaso Reggiani
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Referierte Aufsätze Web of Science
We consider the impact of a regulatory process forcing an incumbent telecom operator to make its local broadband network available to other companies (local loop unbundling, or LLU). Entrants are then able to upgrade their individual lines and offer Internet services directly to customers. Employing a very detailed data set covering the whole of the United Kingdom, we find that, over the course of ...
In:
Journal of the European Economic Association
13 (2015), 2, S. 330-362
| Mattia Nardotto, Tommaso Valletti, Frank Verboven
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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
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
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