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FTR Allocations to Ease Transition to Nodal Pricing: An Application to the German Power System

A shift from zonal to nodal pricing improves the efficiency of system operation. However, resulting price changes also shift surplus across generation and loads at different locations. As individual actors can lose, they might oppose any reform. We explore how allocation of financial transmission rights can be used to mitigate the distributional impact. The fundamental effects with regard to reference ...

Two Price Zones for the German Electricity Market: Market Implications and Distributional Effects

e discuss the implications of two price zones (i.e., one northern and one southern bidding area) on the German electricity market. In the northern zone, continuous increases in capacity with low variable costs cause large regional supply surpluses in the market dispatch, while in the southern zone conventional capacity decreases. As the spatial imbalance of supply and load is increasing, the current ...

Long Working Hours and Alcohol Use: Systematic Review and Meta-analysis of Published Studies and Unpublished Individual Participant Data

Objective To quantify the association between long working hours and alcohol use.Design Systematic review and meta-analysis of published studies and unpublished individual participant data.Data sources A systematic search of PubMed and Embase databases in April 2014 for published studies, supplemented with manual searches. Unpublished individual participant data were obtained from 27 additional studies.Review ...

Belief Precision and Effort Incentives in Promotion Contests

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 ...

Why Is TFP Growth Sectorally Concentrated?

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 ...

Urban House Prices: A Tale of 48 Cities

In this paper, the authors construct a unique data set of Internet offer prices for flats in 48 large European cities across 24 countries. The data collected between January and May 2012 from 33 websites, are drawn from Internet advertisements of dwellings. Using the resulting sample of more than 1,000,000 announcements, the authors compute the quality-adjusted city-specific house prices. Based on ...

Sports and Exercise at Different Ages and Leukocyte Telomere Length in Later Life: Data from the Berlin Aging Study II (Base-II)

Physical activity and sports have repeatedly been reported to be associated with telomere length. We studied the association of different types of sports across different stages of life on relative leukocyte telomere length (rLTL) in advanced age.815 participants (397 men) from the Berlin Aging Study II aged over 61 years were included in the analysis. rLTL was measured by real time PCR and physical ...

Big Changes before Big Birthdays? Panel Data Provide No Evidence of End-of-Decade Crises

Gesamtwirtschaftlich unbedeutend: Ostmitteleuropa und die EU-Sanktionen gegen Russland

Does Experience Rating Improve Obstetric Practices? Evidence from Italy

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 ...