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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
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Referierte Aufsätze Web of Science
Reference price systems for prescription drugs constitute widely adopted cost containment tools. Under these regimes, patients co-pay a fraction of the difference between a drug's pharmacy retail price and a reference price that is set by the government. Reference prices are either externally (based on drug prices in other countries) or internally (based on domestic drug prices) determined. We study ...
In:
Journal of Health Economics
36 (2014), S.174-187
| Ulrich Kaiser, Susan J. Méndez, Thomas Rønde, Hannes Ullrich
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Referierte Aufsätze Web of Science
This paper studies welfare effects of a soft borrowing constraint on sovereign debt. The constraint is modeled as a proportional fine per unit of debt in excess of a specified reference value, resembling features of the Stability and Growth Pact. Sovereign debt is the result of myopic fiscal policy. It reduces welfare in the absence of lump-sum taxes. The paper shows that the borrowing constraint enhances ...
In:
Journal of Economic Dynamics & Control
38 (2014), S. 250-265
| Malte Rieth
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Referierte Aufsätze Web of Science
Households can rely on private savings or on public unemployment insurance to hedge against the risk of becoming unemployed. These hedging mechanisms are used differently across countries. In this paper, we use a life cycle model to study the effects of unemployment on the portfolio choice of households in the US and in Germany. We distinguish short- and long-term unemployment and find that, in case ...
In:
Journal of Macroeconomics
40 (2014), S. 90-113
| Franziska Bremus, Vladimir Kuzin
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Referierte Aufsätze Web of Science
The Chinese economic development affects GDP growth and inflation in the advanced countries. The size of the effects is inferred from multivariate time series and structural econometric methods. In particular, the GVAR and the NiGEM are employed to examine the interdependencies between the business cycles in China and industrial countries, including the US, the euro area and Japan. Evidence is based ...
In:
Economic Modelling
38 (2014), S. 184-189
| Christian Dreger, Yanqun Zhang
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Referierte Aufsätze Web of Science
The role and influence of the finance minister within the cabinet are discussed with increasing prominence in the theoretical literature on the political economy of budget deficits. It is generally assumed that the spending ministers can enhance their reputation purely with new or more extensive expenditure programs, whereas it is the sole interest of the finance minister to balance the budget. Using ...
In:
European Journal of Political Economy
34 (2014), S. 390-408
| Beate R. Jochimsen, Sebastian Thomasius
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Referierte Aufsätze Web of Science
With the European Strategic Energy Technology Plan (SET Plan) expiring in 2020, the EU needs to revisit its energy technology policy for the post-2020 horizon and to establish a policy framework that fosters the achievement of ambitious EU commitments for decarbonization by 2050. We discuss options for a post-2020 EU energy technology policy, taking account of uncertain technology developments, uncertain ...
In:
Energy Policy
66 (2014), S. 209-217
| Sophia Rüster, Sebastian Schwenen, Matthias Finger, Jean-Michel Glachant
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Referierte Aufsätze Web of Science
Access to health care is an important factor in explaining health inequalities. This study focuses on the issue of access to health care as a driving force behind the socialdiscrepancies in cesarean delivery using data from 707 newborn children in the 2006-2011 birth cohorts of the German Socio-Economic Panel Study (SOEP). Data on individual birth outcomes are linked to hospital data using extracts ...
In:
Health & Place
27 (2014), S. 9-21
| Anita Kottwitz
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Referierte Aufsätze Web of Science
We analyzed whether individuals reared in institutions differ in their general life satisfaction from people raised in their families. The data comprised of 19,210 German adults (51.5% female) aged from 17 to 101 years and were provided by the SOEP, an ongoing, nationally representative longitudinal study in Germany. Compared to people raised in families, individuals reared in institutions reported ...
In:
Journal of Research in Personality
48 (2014), S. 93-97
| David Richter, Sakari Lemola
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Referierte Aufsätze Web of Science
This study empirically evaluates the effectiveness of different health care cost containment measures. The measures investigated were introduced in Germany in 1997 to reduce moral hazard and public health expenditures in the market for rehabilitation care. Of the analyzed measures, doubling the daily copayments was clearly the most effective cost containment measure, resulting in a reduction in utilization ...
In:
International Journal of Health Care Finance and Economics
14 (2014), 1, S. 41-67
| Nicolas R. Ziebarth