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Referierte Aufsätze Web of Science
Although sample selection bias is a frequent problem of applied research, there has been no generalization of sample selection models with binary dependent variables of interest to data with temporal error correlations. We suggest a generalized estimating equation approach to panel data selection models, considering binary responses in both equations. We demonstrate the utility of this model by a simulation ...
In:
Political Analysis
18 (2010), 2, S. 172-188
| Martin Spieß, Martin Kroh
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Referierte Aufsätze Web of Science
We empirically demonstrate a practical approach of efficiency evaluation with limited data availability in some regulated industries. We apply PCA-DEA for radial efficiency measurement to U.S. natural gas transmission companies in 2007. PCA-DEA reduces dimensions of the optimization problem while maintaining most of the variation in the original data. Our results suggest that the methodology reduces ...
In:
Review of Network Economics
9 (2010), 2, Article 4
| Maria Nieswand, Astrid Cullmann, Anne Neumann
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Referierte Aufsätze Web of Science
Electricity transmission pricing and transmission grid expansion have received increasing attention in recent years. There are two disparate approaches to transmission investment: one employs the theory based on long-run financial rights (LTFTR) to transmission (merchant approach), while the other is based on the incentive-regulation hypothesis (regulatory approach). In this paper we consider the elements ...
In:
Journal of Regulatory Economics
38 (2010), 2, S. 113-143
| William Hogan, Juan Rosellón, Ingo Vogelsang
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Referierte Aufsätze Web of Science
This study models maximum temperatures in Switzerland monitored in twelve locations using the generalised extreme value (GEV) distribution. The parameters of the GEV distribution are determined within a Bayesian framework. We find that the parameters of the underlying distribution underwent a substantial change in the beginning of the 1980s. This change is characterised by an increase both in the level ...
In:
Stochastic Environmental Research and Risk Assessment
24 (2010), 2, S. 311-326
| Boriss Siliverstovs, Rainald Ötsch, Claudia Kemfert, Carlo C. Jaeger, Armin Haas, Hans Kremers
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Referierte Aufsätze Web of Science
Die aktuellen Finanzmarktturbulenzen wurden durch Entwicklungen im Immobiliensektor ausgelöst. Vor diesem Hintergrund analysiert dieser Beitrag den Zusammenhang zwischen den Immobilienpreisen und der Geldmengen- und Kreditvolumensentwicklung für den Zeitraum 1992 -2006 (westdeutsche Preisdaten) bzw. 1997 bis 2006 (ostdeutsche Preisdaten). Die Untersuchung konzentriert sich erstmals auf die Bundesrepublik ...
In:
Jahrbücher für Nationalökonomie und Statistik
230 (2010), 2, S. 138-162
| Ansgar Belke
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Referierte Aufsätze Web of Science
This paper defines the global economic costs of conflict and suggests two key criteria, namely comprehensiveness and consistency, which are necessary for a valid calculation of such costs. A critical review of the literature reveals that most studies focus on national income losses, using counterfactual regression models, finding a negative impact on growth both for conflict countries themselves and ...
In:
Defence & Peace Economics
21 (2010), 2, S. 165-176
| Carlos Bozzoli, Tilman Brück, Simon Sottsas
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Referierte Aufsätze Web of Science
In this paper I develop an intertemporal discrete choice model of female labor supply to analyze the effects of true state dependence and its effect on labor supply behavior over time. The estimation results show that state dependence is significantly positive at the extensive margin and lower but in general still significant at the intensive margin. I apply this model to study the short and long run ...
In:
Labour Economics
17 (2010), 2, S. 323-335
| Peter Haan
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Referierte Aufsätze Web of Science
This paper analyses whether aid channelled through non-governmental organisations (NGOs) is less affected by selfish donor motivations and better targeted to needy recipient countries than aid distributed by state agencies. We employ Tobit (and Probit) models and make use of an exceptionally detailed database that allows an assessment of the allocation of Swedish aid channelled through NGOs in comparison ...
In:
The World Economy
33 (2010), 2, S. 147-176
| Axel Dreher, Florian Mölders, Peter Nunnenkamp
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Referierte Aufsätze Web of Science
We investigate the analytical and empirical linkages between cash flow, uncertainty, and firms' capital investment behavior. Our empirical approach constructs measures of own- and market-specific uncertainty from firms' daily stock returns and S&P 500 index returns along with a CAPM-based risk measure. Our results indicate that even in the presence of important firm-specific variables, uncertainty ...
In:
Oxford Economic Papers
62 (2010), 2, S. 286-306
| Christopher F. Baum, Mustafa Caglayan, Oleksandr Talavera
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Referierte Aufsätze Web of Science
This paper examines the effects of firm-level innovation in carbon-abatement technologies on optimal cap-and-trade schemes with and without price controls. We characterize optimal cap-and-trade regulation with a price cap and a price floor, and compare it to the special cases of pure taxation and a simple emissions cap. Innovation shifts the tradeoff between price- and quantity-based instruments towards ...
In:
Journal of Environmental Economics and Management
60 (2010), 2, S. 115-132
| Thomas A. Weber, Karsten Neuhoff