Search

Workshop: Local Marketplaces – Market Design Options

The bidding zone review showed large pricing zones are inadequate for effective congestion management in countries with larger shares of wind- and solar power. Large pricing zones provide the wrong incentives and could result in demand side flexibility escalating rather than supporting the management of grid congestion. However, ENTSO-e also emphasized in the report the risk for liquidity and...

Workshop: Bedarf es einer Strommarktreform?

Webinar: Hedging Locational Price Risk under LMP – Experiences from North America

With a potential transition to locational marginal pricing (LMP) in Europe—as an alternative to bidding zone splits—two key questions arise. First, instead of paying for redispatch in large zones, market operators will obtain congestion revenue from LMP pricing. How can these revenues be used to address distributional concerns from the introduction of LMP? Second, how can market participants hedge...

Reforms for reliably affordable and resilient power markets Understanding and addressing priorities of European countries

Studies have identified the benefits of locational marginal pricing of electricity for consumers. The full remuneration of energy balancing, congestion management, and system services through one market price unlocks demand side flexibility. This can reduce the need for additional generation capacity and grid expansion and save system costs. Furthermore, decentralized decision making based on...

Perceptions of Discrimination: What Do They Measure and Why Do They Matter?

This study addresses the difficulty in linking ethnic discrimination and integration outcomes of immigrants in empirical research. Many of the existing studies look at the relationship between perceived discrimination and integration, but most are based on cross-sectional data. We argue that perceived discrimination should not be taken as an accurate indicator of actual experiences of discrimination, ...

Collusive Benchmark Rates Fixing

The fixing of the Libor and Euribor benchmark rates has proven vulnerable to manipulation. Individual rate-setters may have incentives to fraudulently distort their submissions. For the contributing banks to collectively agree on the direction in which to rig the rate, however, their interests need to be sufficiently aligned. In this paper we develop cartel theory to show how an interbank lending rates ...

Modern Public Enterprises: Organisational Innovation and Productivity

In advanced economies, state-owned enterprises play an important role in sectors of general interest such as energy and water supply. The conditions under which they operate have changed fundamentally since 1998, with new strategies required for firms to preserve market shares in the face of liberalisation and technological innovation. This paper investigates the productivity effect of three strategies ...

Offenlegung und Berichterstattung von Klimarisiken und Treibhausgasemissionen: Welche Rolle können diese Ansätze zur Erreichung der Klimaziele spielen?

In diesem BSEC wollen wir mit Blick auf den Anfang der Legislaturperiode fragen, welche Rolle informationsbezogenen Ansätze für Dekarbonisierungs-Entscheidungen in Unternehmen spielen können. Hierzu gab es bereits gesetzgeberische Vorstöße, wie die Corporate-Social-Responsibility-Richtlinie der EU oder konsultative Prozesse (High-Level Expert Group on Sustainable Finance...

EU Roaming Regulation: Theoretical Model Suggests a Positive Assessment

Since June 15, 2017, mobile network operators in the European Economic Area may not impose surcharges for making telephone calls, sending text messages, or using data services in other EEA countries. The regulation was designed to create a digital domestic market without adversely affecting consumers. The regulation raises the expectation of changes in mobile network operators’ tariff structures. Theoretical ...

Disability Benefits, Consumption Insurance, and Household Labor Supply

BAMS is a joint seminar by the DIW Berlin, the Hertie School of Governance, the HU Berlin and the WZB.