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Referierte Aufsätze Web of Science
This study evaluates the impact of fuel taxes on new car purchases, using exhaustive individual-level data of monthly new car registrations in France. We use information on the car holder to account for heterogeneous preferences across purchasers, and we identify demand parameters through the large oil price fluctuations of this period. We find that the short-term sensitivity of demand with respect ...
In:
Energy Economics
74 (2018), S. 76-96
| Pauline Givord, Céline Grislain-Letrémy, Helene Naegele
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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
Political representatives frequently make decisions with far-reaching implications for citizens and societies. Most of these decisions are choices in situations in which the probabilities of gains and losses are hard to estimate. Although decision-making is crucial to politics, existing research has hardly ever addressed the political representation of traits that notably influence decision-making. ...
In:
Palgrave Communications
4 (2018), 60, 7 S.
| Moritz Heß, Christian von Scheve, Jürgen Schupp, Aiko Wagner, Gert G. Wagner
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Referierte Aufsätze Web of Science
The increasing role of intermittent renewable generation demands for an efficient spatial exchange of electricity. However, the technical characteristics of electricity transmission reduce the available cross-border capacity due to unscheduled flows in a zonal pricing framework. Using the detailed unit commitment and dispatch model stELMOD for the European system, we analyze the development of unscheduled ...
In:
Energy Policy
116 (2018), S. 198-209
| Friedrich Kunz
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Referierte Aufsätze Web of Science
This paper analyses financial literacy and financial behavior of middle class people living an urban Asian economy. Other than most papers on financial literacy that focus on people in developed countries, we surveyed people living Bangkok. Using standard financial literacy questions, we find that financial literacy levels are largely comparable to industrialized countries, but understanding of more ...
In:
Pacific-Basin Finance Journal
48 (2018), S. 129-143
| Antonia Grohmann
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Referierte Aufsätze Web of Science
This study analyses how liquidity risk affects bonds’ yield spreads after controlling for credit risk, bond-specific characteristics and macroeconomic variables. Using two liquidity estimates, LOT liquidity and the bid-ask spread, we find that, in particular, the LOT liquidity measure has explanatory power for the yield spread of green bonds. Overall, however, the impact of LOT decreases over time, ...
In:
Finance Research Letters
27 (2018), S. 53-59
| Febi Wulandari, Dorothea Schäfer, Andreas Stephan, Chen Sun
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Referierte Aufsätze Web of Science
Kazakhstan envisions a transition towards a green economy in the next decades, which poses an immense challenge as the country's economy and energy system depends heavily on hydrocarbon resources. Here, it lacks inclusive and transparent tools assessing technical, economic, and environmental implications resulting from changes in its electricity system. We present such a tool: our comprehensive techno-economic ...
In:
Energy
149 (2018), S. 762-778
| Makpal Assembayeva, Jonas Egerer, Roman Mendelevitch, Nurkhat Zhakiyev
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Referierte Aufsätze Web of Science
The global energy system is undergoing a major transition, and in energy planning and decision-making across governments, industry and academia, models play a crucial role. Because of their policy relevance and contested nature, the transparency and open availability of energy models and data are of particular importance. Here we provide a practical how-to guide based on the collective experience of ...
In:
Energy Strategy Reviews
19 (2018), S. 63-71
| Stefan Pfenninger, Lion Hirth, Ingmar Schlecht, Eva Schmid, Frauke Wiese, Tom Brown, Chris Davis, Matthew Gidden, Heidi Heinrichs, Clara Heuberger, Simon Hilpert, Uwe Krien, Carsten Matke, Arjuna Nebel, Robbie Morrison, Berit Müller, Guido Pleßmann, Matthias Reeg, Jörn Richstein, Abhishek Shivakumar, Iain Staffell, Tim Tröndle, Clemens Wingenbach
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Referierte Aufsätze Web of Science
Health differences which correspond to socioeconomic status (SES) can be attributed to three causal mechanisms: SES affects health (social causation), health affects SES (health selection), and common background factors influence both SES and health (indirect selection). Using retrospective survey data from 10 European countries (SHARELIFE, n = 20,227) and structural equation models in a cross-lagged ...
In:
Advances in Life Course Research
36 (2018), S. 23-36
| Rasmus Hoffmann, Hannes Kröger, Eduwin Pakpahan
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Referierte Aufsätze Web of Science
In aging societies, information on how to reform pension systems is essential to policy makers. This study scrutinizes effects of early retirement disincentives on retirement behavior, individual welfare, pensions and public budget. We employ administrative pension data and a detailed model of the German tax and social security system to estimate a structural dynamic retirement model. We find that ...
In:
Labour Economics
51 (2018), S. 25-37
| Timm Bönke, Daniel Kemptner, Holger Lüthen