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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
To date, the distributive implications of incentive regulation on electricity transmission networks have not been explicitly studied in the literature. More specifically, the parameters that a regulator might use to achieve distributive efficiency under price-cap regulation have not yet been identified. To discern these parameters is the motivation for the research presented in this paper. We study ...
In:
Energy Policy
69 (2014), S. 189-204
| Luis Ángel Herrera, Juan Rosellon
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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
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
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 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
Scenarios of future energy systems attribute an important role to Carbon Capture, Transport, and Storage (CCTS) in achieving emission reductions. Using captured CO2for enhanced oil recovery (CO2-EOR) can improve the economics of the technology. This paper examines the potential for CO2-EOR in the North Sea region. UK oil fieldsare found to account for 47% of the estimated total additional recovery ...
In:
International Journal of Greenhouse Gas Control
20 (2014), S. 132-159
| Roman Mendelevitch
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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
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Referierte Aufsätze Web of Science
We evaluate the economic impact of the change in European merger legislation in 2004 and propose a general framework focusing on four different policy dimensions: predictability, decision errors, reversion of anti-competitive rents and deterrence. We find that after the reform, the predictability and the accuracy of decisions have improved. Yet, the policy shift away from prohibitions, which entail ...
In:
The Economic Journal
123 (2013), 572, S. F596-F619
| Tomaso Duso, Klaus Gugler, Florian Szücs