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Refereed essays Web of Science
We examined measurement invariance and age-related robustness of a short 15-item Big Five Inventory (BFI-S) of personality dimensions, which is well suited for applications in large-scale multidisciplinary surveys. The BFI-S was assessed in three different interviewing conditions: computer-assisted or paper-assisted face-to-face interviewing, computer-assisted telephone interviewing, and a self-administered ...
In:
Behavior Research Methods
43 (2011), 2, S. 548-567
| Frieder R. Lang, Dennis John, Oliver Lüdtke, Jürgen Schupp, Gert G. Wagner
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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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Refereed essays Web of Science
In this paper we investigate the causal effect of years of schooling on health and health-related behavior in West Germany. We apply an instrumental variables approach using as natural experiments several changes in compulsory schooling laws between 1949 and 1969. These law changes generate exogenous variation in years of schooling both across states and over time. We find evidence for a strong and ...
In:
Journal of Health Economics
30 (2011), 2, S. 340-354
| Daniel Kemptner, Hendrik Jürges, Steffen Reinhold
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Refereed essays Web of Science
We investigate convergence in European price level, unit labour cost, income and productivity data over the period of 1960-2006 using the non-linear time-varying coefficients factor model proposed by Philips and Sul (2007 Econometrica 75:1771-1855). This approach is extremely flexible in order to model a large number of transition paths to convergence. We find regional clusters in consumer price level ...
In:
Empirical Economics
41 (2011), 2, S. 343-369
| Ulrich Fritsche, Vladimir Kuzin
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Refereed essays Web of Science
This paper examines the importance of different economic sentiments for the Central and Eastern European countries (CEECs) during the transition process. We first analyze the importance of economic confidence with respect to the CEECs' financial markets. Since the integration of formerly strongly-regulated markets into global markets can also lead to an increase in the dependence of the CEECs' economies ...
In:
Review of International Economics
19 (2011), 1, S. 137-157
| Joscha Beckmann, Ansgar Belke, Michael Kühl
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Refereed essays Web of Science
This paper estimates a trivariate VAR-GARCH(1,1)-in-mean model to examine linkages between the stock markets of three Central and Eastern European countries (CEECs), specifically the Czech Republic, Hungary, and Poland, and both the UK and Russia. The adopted framework allows to analyze interdependence by estimating volatility spillovers, and also contagion by testing for possible shifts in the transmission ...
In:
Review of International Economics
19 (2011), 1, S. 158-169
| Guglielmo Maria Caporale, Nicola Spagnolo
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Refereed essays Web of Science
We model EU countries' bank ratings using financial variables and allowing for intercept and slope heterogeneity. Our aim is to assess whether "old" and "new" EU countries are rated differently and to determine whether "new" ones areassigned lower ratings, ceteris paribus, than "old" ones. We find that country-specific factors (in the form of heterogeneous intercepts) are a crucial determinant of ratings. ...
In:
Review of International Economics
19 (2011), 1, S. 189-206
| Guglielmo Maria Caporale, Roman Matousek, Chris Stewart
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Refereed essays Web of Science
In this paper I evaluate the effect of student aid on the success of academic studies. I focus on two dimensions, the duration of study and the probability of actually graduating with a degree. To determine the impact of financial student aid, I estimate a discrete-time duration model allowing for competing risks to account for different exit states (graduation and dropout) using individual level panel ...
In:
Economics of Education Review
30 (2011), 1, S. 177-190
| Daniela Glocker
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Refereed essays Web of Science
We propose a price-cap mechanism for electricity-transmission expansion based on redefining transmission output in terms of financial transmission rights. Our mechanism applies the incentive-regulation logic of rebalancing a two-part tariff. First, we test this mechanism in a three-node network. We show that the mechanism intertemporally promotes an investment pattern that relieves congestion, increases ...
In:
The Energy Journal
32 (2011), 1, S. 119-148
| Juan Rosellón, Hannes Weigt
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Refereed essays Web of Science
We use a quantitative electricity market model to analyze the welfare effects of refunding a share of the emission trading proceeds to support renewable energy technologies that are subject to experience effects. We compare effects of supporting renewable energies under both perfect and oligopolistic competition with competitive fringe firms and emission trading regimes that achieve 70 and 80% emission ...
In:
Utilities Policy
19 (2011), 1, S. 33-41
| Thure Traber, Claudia Kemfert