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Referierte Aufsätze Web of Science
We study the impact of different regulatory designs on the cost efficiency of operators providing a public service, exploiting data from the French transport industry. The distinctive feature of the study is that it considers regulatory regimes as endogenously determined choices, explained by economic, political, and institutional variables. Our approach leans on a positive analysis to study the determinants ...
In:
Journal of Regulatory Economics
59 (2021), S. 25-46
| Joanna Piechucka
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Referierte Aufsätze Web of Science
We study a game in which two firms compete in quality to serve a market consisting of consumers with different initial consideration sets. If both firms invest below a certain threshold, they only compete for those consumers already aware of their existence. Above this threshold, a firm is visible to all and the highest investment attracts all consumers. On the one hand, the existence of initially ...
In:
International Journal of Industrial Organization
75 (2021), 102709, 19 S.
| Renaud Foucart, Jana Friedrichsen
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Referierte Aufsätze Web of Science
This paper is the first causal study using quasi-experimental methods to identify the effect of minimum wages on the reservation wages of non-workers. We exploit variation in regional exposure to the introduction of a high-impact minimum wage in Germany in 2015, combined with survey responses about wage acceptance thresholds of job seekers. Results show a 16% increase in reservation wages among non-employed ...
In:
Journal of Economic Behavior & Organization
183 (2021), S. 397–419
| Alexandra Fedorets, Cortney Shupe
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Referierte Aufsätze Web of Science
Coal consumption and production have sharply declined in recent years in the U.S., despite political support. Reasons are mostly unfavorable economic conditions for coal, including competition from natural gas and renewables in the power sector, as well as an aging coal-fired power plant fleet. Nevertheless, coal remains a major energy source in the North American energy markets. Supplementing EMF34 ...
In:
Energy Policy
149 (2021), 112097, 13 S.
| Christian Hauenstein, Franziska Holz
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Referierte Aufsätze Web of Science
Across the world, tax exemptions for jobs with low earnings intend to incite non-participating workers to rejoin the labor market. However, such tax exemptions may also have negative equilibrium effects. The German minijob tax exemption offers a convenient case to identify equilibrium effects as it applies to some but not to other low-wage jobs. We build and estimate a structural job search model with ...
In:
Labour Economics
69 (2021), 101976, 15 S.
| Luke Haywood, Michael Neumann
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Referierte Aufsätze Web of Science
The core of the 36th round of the Energy Modeling Forum project shows that it is more likely that major fossil-fuel exporters, such as the Middle East, are highly affected because of the decrease in fossil-fuel extractions required for the worldwide fulfillment of the Paris agreement. We employ a multi-region, multi-sector computable general equilibrium model of global trade and energy to examine the ...
In:
Energy Economics
104 (2021), 105629, 19 S.
| Mohammad M. Khabbazan, Christian von Hirschhausen
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Referierte Aufsätze Web of Science
This paper focuses on the causal determinants of the accumulation of nuclear weapons, also known as vertical nuclear proliferation, in China, France, India, Pakistan, Russia, UK, and the US. It empirically analyzes the causal relationships between the civilian uses of nuclear energy, military expenditures, trade openness, and the stockpiling of nuclear warheads. Results from the Toda and Yamamoto (1995) ...
In:
Energy Research & Social Science
81 (2021), 102213, 17 S.
| Lars Sorge, Anne Neumann
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Referierte Aufsätze Web of Science
This study provides the first representative analysis of error estimations and willingness to accept errors in a Western country (Germany) with regards to algorithmic decision-making systems (ADM). We examine people’s expectations about the accuracy of algorithms that predict credit default, recidivism of an offender, suitability of a job applicant, and health behavior. Also, we ask whether expectations ...
In:
Scientific Reports
11 (2021), 20171, 11 S.
| Felix G. Rebitschek, Gerd Gigerenzer, Gert G. Wagner
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Referierte Aufsätze Web of Science
This research studies the stylized fact of a “gender gap” in that women tend to have lower financial literacy than men. Our data which samples middle-class people from Bangkok does not show a gender gap for those with at least minimum wage earnings. This result is not explained by men’s low financial literacy, nor by women’s high income and good education. Rather, country characteristics may influence ...
In:
Journal of Behavioral and Experimental Finance
31 (2021), 100537, 10 S.
| Antonia Grohmann, Olaf Hübler, Roy Kouwenberg, Lukas Menkhoff
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Referierte Aufsätze Web of Science
A major challenge for proxy vector autoregressive analysis is the construction of a suitable external instrument variable or proxy for identifying a shock of interest. Some authors construct sophisticated proxies that account for the dating and size of the shock while other authors consider simpler versions that use only the dating and signs of particular shocks. It is shown that such qualitative (sign-)proxies ...
In:
Journal of Economic Dynamics & Control
127 (2021), 104118, 17 S.
| Lukas Boer, Helmut Lütkepohl