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Referierte Aufsätze Web of Science
We use the model DIETER, introduced in a companion paper, to analyze the role of power storage in systems with high shares of variable renewable energy sources. The model captures multiple system values of power storage related to arbitrage, capacity, and reserve provision. We apply the model to a greenfield setting that is loosely calibrated to the German power system, but may be considered as a more ...
In:
Renewable and Sustainable Energy Reviews
83 (2018), S. 156-171
| Wolf-Peter Schill, Alexander Zerrahn
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Referierte Aufsätze Web of Science
We quantify the greenhouse-gas mitigation potential and carbon abatement costs if green waste in the metropolitan region of Berlin, Germany, is diverted from composting into the production of hydrothermally carbonized coal (HTC coal) that is used to substitute for hard coal in electricity and heat generation. Depending on the origin of the green waste, we specify an urban, a rural-urban, and a rural ...
In:
Energy Policy
123 (2018), S. 503-513
| Jakob Medick, Isabel Teichmann, Claudia Kemfert
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Referierte Aufsätze Web of Science
Here we conducted a large-scale genetic association analysis of educational attainment in a sample of approximately 1.1 million individuals and identify 1,271 independent genome-wide-significant SNPs. For the SNPs taken together, we found evidence of heterogeneous effects across environments. The SNPs implicate genes involved in brain-development processes and neuron-to-neuron communication. In a separate ...
In:
Nature Genetics
50 (2018), S. 1112-1121
| James J. Lee, Robbee Wedow, Martin Kroh ...
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Referierte Aufsätze Web of Science
The causes and consequences of the intergenerational persistence of inequality are a topic of great interest among various fields in economics. However, until now, issues of data availability have restricted a broader and cross-national perspective on the topic. Based on rich sets of harmonized household survey data, we contribute to filling this gap by computing time series for several indexes of ...
In:
Journal of Development Economics
134 (2018), S. 329-349
| Guido Neidhöfer, Joaquín Serrano, Leonardo Gasparini
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Referierte Aufsätze Web of Science
Related to the increased encouragement of public transport (PT) by policy-makers, over-crowding in PT has become a major issue worldwide. Whilst the impact of in-vehicle crowding on individuals' travel costs has been considered, we focus on aggregate welfare losses. We apply a Pigouvian framework to the case of subways and compute the economic cost of congestion (ECC). We combine data of the 14 metro ...
In:
Economics of Transportation
14 (2018), S. 1-8
| Luke Haywood, Martin Koning, Remy Prud'homme
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Referierte Aufsätze Web of Science
The use of renewable energy sources is a major strategy to mitigate climate change. Yet Sinn (2017) argues that excessive electrical storage requirements limit the further expansion of variable wind and solar energy. We question, and alter, strong implicit assumptions of Sinn’s approach and find that storage needs are considerably lower, up to two orders of magnitude. First, we move away from corner ...
In:
European Economic Review
108 (2018), S. 259-279
| Alexander Zerrahn, Wolf-Peter Schill, Claudia Kemfert
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Referierte Aufsätze Web of Science
While financial inclusion is typically addressed by improving the financial infrastructure, we show that a higher degree of financial literacy also has a clear beneficial effect. We study this effect at the cross-country level, which allows us to consider institutional variation. Regarding “access to finance”, financial infrastructure and financial literacy are mainly substitutes. However, regarding ...
In:
World Development
111 (2018), S. 84-96
| Antonia Grohmann, Theres Klühs, Lukas Menkhoff
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Referierte Aufsätze Web of Science
The paper estimates the dynamic impact of structural oil market shocks on the balance sheet of US firms, using industry level data covering manufacturing, trade and mining sectors. For manufacturing firms, findings indicate that an unexpected disruption in oil supply that raises oil prices by 1% lowers firm profits by 1.3% on impact. On the other hand, profits rise by 0.39% in response to the same ...
In:
Journal of Banking & Finance
95 (2018), S. 112-127
| Khalid ElFayoumi
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Referierte Aufsätze Web of Science
The theoretical literature remains inconclusive on whether changes in bank exposure to the domestic sovereign have an adverse effect on the sovereign risk position through a diabolic loop in the sovereign-bank nexus, or reduce perceived default risk by acting as a disciplinary device for the sovereign. In this paper we empirically analyze the impact of exogenous changes in bank exposure on the risk ...
In:
Journal of Banking & Finance
88 (2018) S. 63-75
| Maximilian Podstawski, Anton Velinov
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Referierte Aufsätze Web of Science
This paper investigates the link between corporate debt and investment for a group of five peripheral euro area countries. Using firm-level data from 2005 to 2014, we postulate a non-linear corporate leverage-investment relationship and derivethresholds beyond which leverage has a negative and significant impact on investment. The investment sensitivity of debt increased after 2008 when financial distress ...
In:
Journal of International Money and Finance
80 (2018), S. 112-130
| Stefan Gebauer, Ralph Setzer, Andreas Westphal