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Refereed essays 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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Conference
The tremendous growth of digital transactions has profoundly affected the way we interact, opening vast opportunities to improve our lives. Consumers have benefited from an unprecedented proliferation of new services and products. At the same time, consumers often must process large amounts of imperfect information regarding the products they purchase and services they use. Even more, for many...
08.06.2018| Juhan Lepassaar, Michael Luca, Steve Tadelis, Ari Ezra Waldmann, Glen Weyl
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Report
The Joachim Herz Foundation awards Prof. Dr. Jan Marcus with 25.000 Euro as this year's best junior researcher. Jan Marcus is a GC alumnus, a research fellow at the DIW Education and Family Department and a Junior Professor at the University of Hamburg. As such, the Graduate Center congratulates him and wishes him further success in his future work!
We also congratulate Prof. Dr. Joachim Winter and ...
13.03.2018
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DIW Discussion Papers 1726 / 2018
The transition towards low-carbon economies requires massive investments into renewable energies, which are commonly supported through regulatory frameworks. Yet, governments can have incentives - and the ability - to deviate from previously-announced support once those investments have been made, which can deter investments. We analyze a renewable energy regulation game, apply a model of time-inconsistency ...
2018| Nils May, Olga Chiappinelli
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Report
DIW Berlin, Humboldt University and WZB are jointly organizing a workshop on Gender Economics. The aim of this workshop is to bring together an international group of labor and experimental economists. Topics of interest include, but are not limited to:
Dynamics of gender gaps in education and labor market outcomes
Interactions between gender norms, institutions and economic outcomes
The role ...
13.03.2018
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Refereed essays 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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Refereed essays Web of Science
When designing stated-choice experiments modellers may consider offering respondents an “indifference” alternative to avoid stochastic choices when utility differences between alternatives are perceived as too small. By doing this, the modeller avoids adding white noise to the data and may gain additional information. This paper proposes a framework to model discrete choices in the presence of indifference ...
In:
Journal of Choice Modelling
22 (2017), S. 13-23
| Francisco J. Bahamonde Birke, Isidora Navarro, Juan de Dios Ortúzar
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Refereed essays Web of Science
We empirically study the effects of broadband internet diffusion on local election outcomes and on local government policies using rich data from the U.K. Our analysis shows that the internet has displaced other media with greater news content (i.e. radio and newspapers), thereby decreasing voter turnout, most notably among less-educated and younger individuals. In turn, we find suggestive evidence ...
In:
Review of Economic Studies
86 (2019), 5, S. 2092-2135
| Alessandro Gavazza, Mattia Nardotto, Tommaso Valletti
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Refereed essays Web of Science
Psychology offers conceptual and analytic tools that can advance the discussion on the nature of risk preference and its measurement in the behavioral sciences. We discuss the revealed and stated preference measurement traditions, which have coexisted in both psychology and economics in the study of risk preferences, and explore issues of temporal stability, convergent validity, and predictive validity ...
In:
Journal of Economic Perspectives
32 (2018), 2, S. 155-172
| Rui Mata, Renato Frey, David Richter, Jürgen Schupp, Ralph Hertwig
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Personnel news
Patricia Gallego-Granados, who works at the Public Economics department, has successfully defended her dissertation at the Freie Universität Berlin.
The dissertation with the title "Essays on the Gender- and the Part-Time Wage Gap: A Distributional Approach" was supervised by Prof. Dr. Peter Haan (DIW Berlin, Freie Universität Berlin) and Prof. Dr. Christoph Breunig (Humboldt-Universität ...
09.03.2018