Skip to content!

Topic Resource Markets

clear
0 filter(s) selected
close
Go to page
remove add
567 results, from 21
  • Refereed essays Web of Science

    Reducing Energy System Model Distortions from Unintended Storage Cycling through Variable Costs

    Energy system models are used for policy decisions and technology designs. If not carefully used, models give implausible outputs and mislead decision-making. One implausible effect is “unintended storage cycling”, which is observable as simultaneous storage charging and discharging. Methods to remove such misleading effects exist, but are computationally inefficient and sometimes ineffective. Through ...

    In: iScience 26 (2023), 1, 105729, 19 S. | Maximilian Parzen, Martin Kittel, Daniel Friedrich, Aristides Kiprakis
  • Refereed essays Web of Science

    Substituting Clean for Dirty Energy: A Bottom-Up Analysis

    We fit CES and VES production functions to data from a numerical bottom-up optimization model of electricity supply with clean and dirty inputs. This approach allows for studying high shares of clean energy not observable today and for isolating mechanisms that impact the elasticity of substitution between clean and dirty energy. Central results show that (i) dirty inputs are not essential for production. ...

    In: Journal of the Association of Environmental and Resource Economists 10 (2023), 3, S. 819-863 | Fabian Stöckl, Alexander Zerrahn
  • Diskussionspapiere 2033 / 2023

    The Energy-Price Channel of (European) Monetary Policy

    This study examines whether central banks can combat inflation that is caused by rising energy prices. By using a high-frequency event study and a Structural Vector Autoregression, we find evidence that the European Central Bank (ECB) and the Federal Reserve (Fed) are capable of doing so by affecting domestic and global energy prices. This “energy-price channel” of monetary policy plays an important ...

    2023| Gökhan Ider, Alexander Kriwoluzky, Frederik Kurcz, Ben Schumann
  • Refereed essays Web of Science

    How Communication Makes the Difference between a Cartel and Tacit Collusion: A Machine Learning Approach

    This paper sheds new light on the role of communication for cartel formation. Using machine learning to evaluate free-form chat communication among firms in a laboratory experiment, we identify typical communication patterns for both explicit cartel formation and indirect attempts to collude tacitly. We document that firms are less likely to communicate explicitly about price fixing and more likely ...

    In: European Economic Review 152 (2023), 104331, 18 S. | Maximilian Andres, Lisa Bruttel, Jana Friedrichsen
  • Refereed essays Web of Science

    A Collective Blueprint, Not a Crystal Ball: How Expectations and Participation Shape Long-Term Energy Scenarios

    The development of energy systems is not a technocratic process but equally shaped by societal and cultural forces. Key instruments in this process are model-based scenarios describing a future energy system. Applying the concept of fictional expectations from social economics, we show how energy scenarios are tools to channel political, economic, and academic efforts into a common direction. To impact ...

    In: Energy Research & Social Science 97 (2023), 102957, 11 S. | Leonard Göke, Jens Weibezahn, Christian von Hirschhausen
  • Refereed essays Web of Science

    Stranded Nations? Transition Risks and Opportunities towards a Clean Economy

    The transition away from a fossil-fuel powered economy towards a cleaner production system will create winners and losers in the global trade system. We compile a list of 'brown' traded products whose use is highly likely to decline if the world is to mitigate climate change, and explore which countries are most at risk of seeing their productive capabilities 'stranded'. Using methods from economic ...

    In: Environmental Research Letters 18 (2023), 4, 045004, 35 S. | Pia Andres, Penny Mealy, Nils Handler, Samuel Fankhauser
  • Diskussionspapiere 2036 / 2023

    Have the Effects of Shocks to Oil Price Expectations Changed? Evidence from Heteroskedastic Proxy Vector Autoregressions

    Studies of the crude oil market based on structural vector autoregressive (VAR) models typically assume a time-invariant model and transmission of shocks or they consider a time-varying model and shock transmission. We assume a heteroskedastic reduced-form VAR model with time-invariant slope coefficients and test for time-varying impulse responses in a model for the global crude oil market that includes ...

    2023| Martin Bruns, Helmut Lütkepohl
  • Refereed essays Web of Science

    The Price of Natural Gas Dependency: Price Shocks, Inequality, and Public Policy

    The 2022 natural gas price spikes across Europe raised concerns regarding their distributional consequences. This paper investigates the distributional effect of price increases between and, in particular, within different income groups in Germany, accounting for different determinants of gas expenditures. The study finds that low-income households are affected the most by the gas price increase. Low-income ...

    In: Energy Policy 175 (2023), 113472, 17 S. | Mats Kröger, Maximlian Longmuir, Karsten Neuhoff, Franziska Schütze
  • Refereed essays Web of Science

    Replacing Gas Boilers with Heat Pumps Is the Fastest Way to Cut German Gas Consumption

    The supply security of fossil gas has been disrupted by the Russo-Ukrainian War. Decisions to relocate the production and transport of gas have become so urgent that new long-term contracts are imminent that undermine the Paris Climate Agreement. Here, we simulate how quickly the addition of renewable electricity and the installation of heat pumps can substitute enough gas to reduce supply risk, while ...

    In: Communications Earth & Environment 4 (2023), 56, 8 S. | Pietro P. Altermatt, Jens Clausen, Heiko Brendel, Christian Breyer, Christoph Gerhards, Claudia Kemfert, Urban Weber, Matthew Wright
  • Refereed essays Web of Science

    Green Premiums Are a Challenge and an Opportunity for Climate Policy Design: Comment

    Adjusting green public support programmes to green premiums can reduce public spending, yet this is challenged by uncertainty. Underfunding green technologies can delay the green transition, and overfunding them can increase transition costs. Both risks of under- and overfunding can be reduced using responsive adjustments.

    In: Nature Climate Change 13 (2023), S. 592-595 | Till Köveker, Olga Chiappinelli, Mats Kröger, Oliver Lösch, Karsten Neuhoff, Jörn C. Richstein, Xi Sun
567 results, from 21
keyboard_arrow_up