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Refereed essays Web of Science
We analyse a simple supply chain with one supplier, one retailer and uncertainty about market demand. Focusing on the incentives of the supplier and the retailer to enhance their private information about the actual market conditions, we show that choices on information acquisition are strategic complements. While the retailer’s incentives are mainly driven by the information rent that he can earn, ...
In:
The B.E. Journal of Economic Analysis & Policy
17 (2017), 1, 14 S.
| Pio Baake, Andreas Harasser, Friederike Heiny
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Refereed essays Web of Science
We examine the role of prosumage of solar electricity, i.e. PV self-generation combined with distributed storage, in the context of the low-carbon energy transformation. First, we devise a qualitative account of arguments in favor of and against prosumage. Second, we give an overview of prosumage in Germany. Prosumage will likely gain momentum as support payments expire for an increasing share of PV ...
In:
Economics of Energy and Environmental Policy
6 (2017), 1, S. 7-31
| Wolf-Peter Schill, Alexander Zerrahn, Friedrich Kunz
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Refereed essays Web of Science
The EU-wide survey “Statistics on Income and Living Conditions” (EU-SILC) is extremely important for international social science research and policy advice. It is therefore crucial to ensure that the data are of the highest quality and international comparability. This paper is aimed at identifying unexpected developments in income levels, income mobility, and inequality in the EU-SILC data between ...
In:
The Review of Income and Wealth
63 (2017), 1, S. 30-52
| Kristina Krell, Joachim R. Frick, Markus M. Grabka
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Refereed essays Web of Science
Social scientists increasingly link survey data with administrative records. However, data protection legislation often requires respondents’ informed consent prior to record linkage. This has confronted research with nontrivial refusal rates in combination with selectivity of the consent decision. In longitudinal surveys, linkage requests may also increase attrition rates in subsequent waves, as many ...
In:
The Public Opinion Quarterly
81 (2017), 1, S. 131-143
| Philipp Eisnecker, Martin Kroh
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Refereed essays Web of Science
This paper proposes a rating methodology that is based on a non-linear classification method, a support vector machine, and a non-parametric isotonic regression for mapping rating scores into probabilities of default. We also propose a four data set model validation and training procedure that is more appropriate for credit rating data commonly characterised with cyclicality and panel features. Tests ...
In:
Statistics & Risk Modeling
34 (2017), 1-2, S. 55-67
| Rouslan A. Moro, Wolfgang K. Härdle, Dorothea Schäfer
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Refereed essays Web of Science
The change from a subsidized zonal pricing system to a full nodal pricing regime in the new Mexican electricity market could improve the efficiency of electricity system operation. However, resulting price modifications might also swing surplus across producers and consumers. In this paper, we calculate nodal prices for the Mexican power system and further analyze how allocations of financial transmission ...
In:
The Energy Journal
38 (2017), SI1, S. 157-172
| Friedrich Kunz, Juan Rosellón, Claudia Kemfert
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Refereed essays Web of Science
This paper proposes a measurement framework that explicitly accounts for the role of natural capital in productivity measurement. It is applied to aggregate economy data from the OECD Productivity Database, with natural capital data from the World Bank. It is shown that the direction of the adjustment to productivity growth depends on the rate of change of natural capital extraction relative to the ...
In:
The Review of Income and Wealth
63 (2017), S.1, S. 7-21
| Nicola Brandt, Paul Schreyer, Vera Zipperer
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Refereed essays Web of Science
The Italian white certificate scheme is the main national policy instrument to incentivise energy efficiency of the industrial sector, with savings from white certificates amounting to 2% of Italy's 2012 primary energy consumption. The mechanism sets binding energy-saving targets on electricity and gas distributors with at least 50,000 clients and includes a voluntary opt-in model for participation ...
In:
Energy Policy
104 (2017) 112-123
| Jan Stede
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Refereed essays Web of Science
This paper characterizes capital taxation and public debt policy in a quantitative macroeconomic model with an impatient government and uncertainty. The government has access to linear taxes on capital and labor, and to non-state-contingent bonds. Government impatience generates positive and empirically realistic long-run levels of both capital taxes and public debt. Prior predictive analysis shows ...
In:
Journal of Economic Dynamics & Control
85 (2017), S. 1-20
| Malte Rieth
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Refereed essays Web of Science
We present an approach to simulate climate and energy policy for the EU, using a flexible and modular agent-based modelling approach and a toolbox, called the Energy Modelling Laboratory (EMLab). The paper shortly reviews core challenges and approaches for modelling climate and energy policy in light of the energy transition. Afterwards, we present an agent-based model of investment in power generation ...
In:
Environmental Modelling & Software
96 (2017), S. 421-431
| Emile J. L. Chappin, Laurens J. de Vries, Jörn Richstein, Pradyumna Bhagwat, Kaveri Iychettira, Salman Khan