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Referierte Aufsätze Web of Science
U.S. shale gas production is generally expected to continue its fast rise of the last years. However, a cautious evaluation is needed. Shale gas resources are potentially overestimated and it is uncertain to what extent they can be economically produced. The adverse environmental effects of ever more wells being drilled may lead to a fall in public acceptance and the strengthening of U.S. regulation. ...
In:
Economics of Energy and Environmental Policy
4 (2015), 1, S. 131-151
| Philipp M. Richter
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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
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Referierte Aufsätze Web of Science
We employ German social security records to investigate intragenerational lifetime earnings inequality and mobility of yearly earnings for 35 cohorts, starting with the birth year 1935. Our main result is a striking secular rise of intragenerational inequality in lifetime earnings: West German men born in the early 1960s are likely to experience about 85% more lifetime inequality than their fathers. ...
In:
Journal of Labor Economics
33 (2015) No. 1, S. 171-208
| Timm Bönke, Giacomo Corneo, Holger Lüthen
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Referierte Aufsätze Web of Science
This study analyses differences in individual-level working poverty determinants between Germany and the UK. These differences are linked to institutional patterns at the country level. Here, we observe that the two countries differ especially in bargaining centralisation, employment protection legislation and family policy. At the same time, the levels of decommodification and labour market regulation ...
In:
European Societies
17 (2015), No. 1, S. 27-46
| Marco Giesselmann
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Referierte Aufsätze Web of Science
One of the central debates surrounding the design of the European Union Emissions Trading Scheme is the approach to address carbon leakage concerns. Correctly identifying the economic activities exposed to the risk of carbon leakage represents the first step in mitigating the risk effectively. This paper assesses the robustness of the quantitative assessment criteria used by the European Commission ...
In:
Environmental & Resource Economics
60 (2015), 1, S. 99-124
| Misato Sato, Karsten Neuhoff, Verena Graichen, Katja Schumacher, Felix Matthes
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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
This paper develops a new methodology for estimating both the automatic and discretionary components of fiscal policy in one reaction function using the differences between real-time and ex post data. Discretionary policy should respond to information available to the policy maker at the time (real-time data), whereas automatic fiscal policy should respond to the true state of the economy at the time ...
In:
Macroeconomic Dynamics
19 (2015), Iss. 1, S. 221-243
| Kerstin Bernoth, Andrew Hughes Hallet, John Lewis
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Referierte Aufsätze Web of Science
Are capital controls and macroprudential measures related to international exposures successful in achieving their objectives? Assessing their effectiveness is complicated by selection bias; countries which change their capital-flow management measures (CFMs) often share specific characteristics and are responding to changes in variables that the CFMs are intended to influence. This paper addresses ...
In:
Journal of International Economics
96 (2015), Suppl. 1, S. S76-S97
| Kristin Forbes, Marcel Fratzscher, Roland Straub
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Referierte Aufsätze Web of Science
We analyze the impacts of future scenarios of electric vehicles (EVs) on the German power system, drawing on different assumptions on the charging mode. We find that the impact on the load duration curve strongly differs between charging modes. In a fully user-driven mode, charging largely occurs during daytime and in the evening, when power demand is already high. User-driven charging may thus have ...
In:
Applied Energy
156 (2015), S. 185-196
| Wolf-Peter Schill, Clemens Gerbaulet
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Referierte Aufsätze Web of Science
This paper aims at studying the causal effects of graduating from a university with an honors degree on subsequent earnings. While a rich body of literature has focused on estimating returns to human capital, few studies have analyzed returns at the very top of the education distribution. We highlight the importance of honors degrees for future labor market success in the context of German law graduates. ...
In:
Labour Economics
34 (2015), S. 39-50
| Ronny Freier, Mathias Schumann, Thomas Siedler