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Seminar
Short Biography: Stephan Litschig is an Assistant Professor of Economics at Universitat Pompeu Fabra. He received his Ph.D. in 2008 at Columbia University. His research interests are Development Economics, Public Economics, Political Economy, and Microeconometrics.
19.10.2011| Stephan Litschig (Universitat Pompeu Fabra, Barcelona)
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DIW Discussion Papers 1139 / 2011
This paper proposes new metrics for the process of price discovery on the main electronic trading platform for euro-denominated government securities. Analysing price data on daily transactions for 107 bonds over a period of twenty-seven months, we find a greater degree of price leadership of the dominant market when our measures (as opposed to the traditional price discovery metrics) are used. We ...
2011| Guglielmo Maria Caporale, Alessandro Girardi
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DIW Discussion Papers 1138 / 2011
In this paper we analyse the short- and long-run relationship between employment growth, inflation and output growth in Phillips' tradition. For this purpose we apply FMOLS, DOLS, PMGE, MGE, DFE, and VECM methods to a nonstationary heterogeneous dynamic panel including annual data for 119 countries over the period 1970-2010, and also carry out multivariate Granger causality tests. The empirical results ...
2011| Guglielmo Maria Caporale, Marinko Skare
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Research Project
Sustainability policy has to consider the interdependencies of human life and nature; it has to meet the high moral standards of intra- and intergenerational justice set by the Brundtland Commission in 1987; and, finally, it has to motivate people to behave accordingly. This is quite a challenging task that often is responded to in a too simplistic way. Current sustainability science and civic...
Completed Project| German Socio-Economic Panel study
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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