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DIW Discussion Papers 1159 / 2011
In this paper, we show, using the consumer's budget constraint, that the residuals of the trend relationship among consumption, aggregate wealth, and labour income should predict both stock returns and housing returns. We use quarterly data for a panel of 31 emerging economies and find that, when agents expect future stock returns to be higher, they will temporarily allow consumption to rise. Regarding ...
2011| Guglielmo Maria Caporale, Ricardo M. Souza
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Refereed essays Web of Science
Electricity transmission has become the pivotal industry segment for electricity restructuring. Yet, little is known about the shape of transmission cost functions. Reasons for this can be a lack of consensus about the definition of transmission output and the complexitity of the relationship between optimal grid expansion and output expansion. Knowledge of transmission cost functions could help firms ...
In:
The Energy Journal
33 (2012), 1, S. 131-160
| Juan Rosellón, Ingo Vogelsang, Hannes Weigt
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EUSECON Policy Briefing 1 / 2011
The New Agenda for European Security Economics (EUSECON) is a project that, since 2008, explores the challenges and opportunities in research on human-induced security risks. After defining security as a good that has both public and private characteristics, the research focuses on different elements within the wider issue. The research addresses the factors that influence agents of insecurity and ...
2011| Olaf J. de Groot, Myroslava Purska
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Refereed essays Web of Science
We develop a duopoly model with advertising supported platforms and analyze incentives of a superior firm to license its advanced technologies to an inferior rival. We highlight the role of two technologies characteristic for media platforms: the technology to produce content and to place advertisements. Licensing incentives are driven solely by indirect network effects arising from the aversion of ...
In:
The B.E. Journal of Economic Analysis & Policy
11 (2011), 1, S. 1-49
| Geza Sapi, Irina Suleymanova
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Refereed essays Web of Science
What determines the direction of spread of currency crises? We examine data on waves of currency crises in 1992, 1994, 1997, and 1998 to evaluate several hypotheseson the determinants of contagion. We simultaneously consider trade competition, financial links, and institutional similarity to the "ground zero" country as potential drivers of contagion. To overcome data limitations and account for model ...
In:
Journal of International Money and Finance
30 (2011), 5, S. 831-848
| Amil Dasgupta, Roberto Leon-Gonzalez, Anja Shortland
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Refereed essays Web of Science
In this paper, we compare different policy incentives for overcoming investment uncertainties that are typical for low-carbon technologies prior to their commercialisation, some of which may be attributable to market failures. The paper focuses on the particular case of carbon capture and storage (CCS) technologies and conducts a qualitative multi-criteria analysis of different public policy support ...
In:
Global Environmental Change
21 (2011), 2, S. 346-357
| Christoph von Stechow, Jim Watson, Barbara Praetorius
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Conference
The transition from a planned to a market economy has had dramatic consequences in all post-Soviet republics but especially so in Central Asia. Twenty years after the collapse of the Soviet Union, we wish to examine the well-being of individuals and households in these countries.We aim at bringing together researchers from several disciplines, especially economics, sociology, geography, and...
10.05.2012
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Refereed essays Web of Science
Average market prices for intermittent generation technologies are lower than for conventional generation. This has a technical reason but can be exaggerated in the presence of market power. When there is much wind smaller amounts of conventional generation technologies are required, and prices are lower, while at times of little wind prices are higher. This effect reflects the value of different generation ...
In:
Energy Policy
38 (2010), 7, S. 3198-3210
| Paul Twomey, Karsten Neuhoff
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Weitere referierte Aufsätze
We discuss potential developments of the world natural gas industry through 2030. We use the World Gas Model (WGM), a multi-period strategic representation of the global natural gas sector, between 2005 and 2030. We specify a 'base case' and then analyse the sensitivity of the world natural gas system with scenarios, including various supply scenarios (e.g., emergence of large volumes of unconventional ...
In:
International Journal of Global Energy Issues
35 (2011), 1, S. 64-84
| Daniel Huppmann, Ruud Egging, Franziska Holz, Christian von Hirschhausen, Sophia Rüster
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SOEP Brown Bag Seminar
Elisabeth Bügelmayer (SOEP and FU Berlin)C. Katharina Spieß (SOEP and FU Berlin)Although spiteful preferences play a crucial role in the development of human large scale cooperation, there is little evidence on spiteful behavior and its determinants in children. We investigate the relationship between children’s cognitive skills and spiteful behavior in a sample of 214...
29.06.2011