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Referierte Aufsätze Web of Science
This paper analyses the relationship between traffic volume and maintenance costs, and derives estimates for the cost elasticity and the marginal maintenance cost for pricing decisions. Two types of multi-output cost functions were estimated: a translog form and a hybrid form with output variables transformed by Box–Cox metrics. The hybrid model performs statistically better and is the preferable model ...
In:
Journal of Transport Economics and Policy
48 (2014), 1, S. 15-33
| Heike Link
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Referierte Aufsätze Web of Science
The German potable water supply industry is regarded highly fragmented, thus preventing efficiency improvements that could happen through consolidation. Focusing on a hypothetical restructuring of the industry, we use a cross-section sample of 364 German water utilities in 2006, applying Data Envelopment Analysis, to analyze the potential efficiency gains from hypothetical mergers between water utilities ...
In:
Journal of Productivity Analysis
44 (2015), 1, S. 97-114
| Michael Zschille
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Referierte Aufsätze Web of Science
Bank debt guarantees have traditionally been viewed as costless measures to prevent bank runs. However, as recent experiences in some European countries have demonstrated, guarantees may link the coordination problems of bank and sovereign creditors and induce a functional interdependence between the likelihoods of a government default and bank illiquidity. Employing a global-game approach, we model ...
In:
Journal of Banking & Finance
45 (2014), S. 321-337
| Philipp König, Kartik Anand, Frank Heinemann
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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
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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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Weitere referierte Aufsätze
This article presents an electricity dispatch model with endogenous electricity generation capacity expansion for Germany over the horizon 2010–2035. The target is to quantify how fuel and carbon price risk impacts investment incentives of thermal power plants. We provide a framework for the evaluation of investment decisions under long-term uncertainty which helps integrating numerous scenarios in ...
In:
Energy Systems
5 (2014), 2, S. 253-267
| Andreas Schröder
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Referierte Aufsätze Web of Science
Vermarktlichung und Globalisierung haben den Profifußball und die Zusammensetzung von Mannschaften fundamental verändert. Vor dem Hintergrund der veränderten Rahmenbedingungen untersucht der Beitrag, in welchem Maße (a) der Marktwert einer Mannschaft, (b) ihre interne Ungleichheit, (c) die kulturelle Diversität eines Teams sowie (d) der Grad der Fluktuation im Team über den sportlichen Erfolg in nationalen ...
In:
Zeitschrift für Soziologie
43 (2014), 3, S. 231-250
| Jürgen Gerhards, Michael Mutz, Gert G. Wagner
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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
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
In this paper, we derive a new effect of trade liberalization on the quality of the environment. We show that in the presence of heterogeneous firms, the aggregate volume of emissions is influenced by a reallocation effect resulting from an increase in the relative size of more productive firms. The relative importance of this reallocation effect and the scale effect well-known from the literature ...
In:
Review of International Economics
22 (2014), 2, S. 209-225
| Udo Kreickemeier, Philipp M. Richter
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Referierte Aufsätze Web of Science
Central banks regularly communicate about financial stability issues. This article asks how such communications affect financial markets, based on a unique dataset covering more than 1,000 releases of Financial Stability Reports (FSRs) and speeches by 37 central banks over the past 14 years. The findings suggest that optimistic FSRs lead to significant and potentially long-lasting positive abnormal ...
In:
The Economic Journal
124 (2014), 577, S. 701-734
| Benjamin Born, Michael Ehrmann, Marcel Fratzscher
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Referierte Aufsätze Web of Science
The idea of higher wealth taxes to finance the mounting public debt in the wake of the financial crisis is gaining ground in several OECD countries. We evaluate the revenue and distributional effects of a one-time capital levy on personal net wealth that is currently on the political agenda in Germany. We use survey data from the German Socio-Economic Panel (SOEP) and estimate the net wealth distribution ...
In:
Fiscal Studies
35 (2014), 1, S. 67-89
| Stefan Bach, Martin Beznoska, Viktor Steiner
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Referierte Aufsätze Web of Science
Taking a cross-national comparative perspective, this study analyses differences in individual determinants of the low-wage risk across institutional settings. It builds on previous research that dealt with the impact of labour market reform measures on the distribution of labour market risks in advanced economies. It is widely held that such reforms have a particularly adverse effect on labour market ...
In:
European Sociological Review
30 (2014), 5, S. 549-561
| Marco Giesselmann
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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
We investigate whether people are more willing to become self-employed during boom periods or during recessions and to what extent business cycles and unemployment levels influence entries into entrepreneurship. Our analysis for Germany reveals that there is a positive relationship between unemployment rates and start-up activities. Moreover, new business formation is higher during recessions than ...
In:
International Entrepreneurship and Management Journal
11 (2015), 2, S. 267-286
| Michael Fritsch, Alexander S. Kritikos, Katharina Pijnenburg
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Weitere referierte Aufsätze
Entrepreneurs are a rare species. Even in innovation-driven economies, only 1–2% of the work force starts a business in any given year. Yet entrepreneurs, particularly innovative entrepreneurs, are vital to the competitiveness of the economy. The gains of entrepreneurship are only realized, however, if the business environment is receptive to innovation. In addition, policymakers need to prepare for ...
In:
IZA World of Labor
(2014), 8, 10 S.
| Alexander S. Kritikos
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Referierte Aufsätze Web of Science
We investigate the welfare impact of parallel imports using a large panel dataset containing monthly information on sales, ex-factory prices, and further product characteristics for all 649 anti-diabetic drugs sold in Germany between 2004 and 2010. We estimate a two-stage nested logit model of demand, and on the basis of an oligopolistic model of multi-product firms, we then recover the marginal costs ...
In:
Health Economics
23 (2014), 9, S. 1036-1057
| Tomaso Duso, Annika Herr, Moritz Suppliet
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Referierte Aufsätze Web of Science
Why do entrepreneurship rates differ so markedly by gender? Using data from a large representative German household panel, we investigate to what extent personality traits, human capital, and the employment history influence the start-up decision and can explain the gender gap in entrepreneurship. Applying a decomposition analysis, we observe that the higher risk aversion among women explains a large ...
In:
CESifo Economic Studies
61 (2015), 1, S. 202-238
| Marco Caliendo, Frank M. Fossen, Alexander S. Kritikos, Miriam Wetter
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Referierte Aufsätze Web of Science
A vast academic literature illustrates that voter turnout is affected by the institutional design of elections (e.g., compulsory voting, electoral system, postal or Sunday voting). In this article, we exploit a simple Downsian theoretical framework to argue that the institutional framework of public good provision—and, in particular, the distribution of political and administrative competences across ...
In:
Public Choice
159 (2014), 3/4, S. 469-483
| Claus Michelsen, Peter Bönisch, Benny Geys
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Referierte Aufsätze Web of Science
Supply security in imperfect power markets is modelled under different market designs. In a uniform price auction for electricity with two firms, strategic behaviour may leave firms offering too few capacities and unable to supply all realized demand. Market design that relies on capacity markets increases available generation capacities for sufficiently high capacity prices and consequently decreases ...
In:
Energy Economics
43 (2014), S. 256-263
| Sebastian Schwenen