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Diskussionspapiere 2041 / 2023
This paper provides a comprehensive evaluation of the world’s largest environmental tax reform. We compare carbon and air pollutant emissions of the German transport sector and synthetic counterfactuals following the 1999 eco-tax reform, and find average re- ductions in external damages of around 80 billion Euros. We further show that the eco-tax induced low-carbon innovation and document much stronger ...
2023| Pier Basaglia, Sophie Behr, Moritz A. Drupp
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Externe Monographien
This paper provides the most comprehensive assessment of how fuel taxation reduces climate and pollution externalities with a quasi-experimental evaluation of the world’s largest environmental tax reform. Leveraging multiple causal inference methods, we compare carbon and air pollutant emissions of the actual and counterfactual German transport sector following the 1999 eco-tax reform and demonstrate ...
München:
CESifo,
2023,
37 S.
(CESifo Working Papers ; 10508)
| Pier Basaglia, Sophie M. Behr, Moritz A. Drupp
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Externe Monographien
We study the economic consequences of anti-loss trafficking rules, which disallow theuse of loss carry-forwards as tax shield after a substantial ownership change. We usestaggered changes to anti-loss trafficking rules in the EU27 Member States, Norwayand United Kingdom from 1998 to 2019 and find that limiting the transfer of tax lossesreduces the number of M&As by 18%. The impairment is driven by ...
SSRN,
2023,
56 S.
(TRR 266 Accounting for Transparency Working Paper Series ; 128)
| Theresa Bührle, Elisa Casi, Barbara Stage, Johannes Voget
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Diskussionspapiere 2036 / 2023
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
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Refereed essays Web of Science
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
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SOEPpapers 1186 / 2023
What is the impact of housing upgrades on occupant health? Although economists and policymakers are certain about the health implications of housing upgrades, empirical evidence is largely missing or else only based on small-scale experiments in developing countries. This study provides the first population-representative quasi-experimental estimates based on a large-scale refurbishment program that ...
2023| Steffen Künn, Juan Palacios
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Diskussionspapiere 2035 / 2023
Renewable energy installations are rapidly gaining market share due to falling technology costs and supportive policies. Meanwhile, the energy price crisis resulting from the Russian-Ukrainian war has shifted the energy policy debate toward the question of how consumers can benefit more from the low and stable generation costs of renewable electricity. Here we suggest a Renewable Pool (“RE-Pool”) under ...
2023| Karsten Neuhoff, Fernanda Ballesteros, Mats Kröger, Jörn C. Richstein
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Refereed essays Web of Science
In:
International Journal of Housing Policy
23 (2023), 4, S. 671–691
| Konstantin A. Kholodilin, Sebastian Kohl
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Refereed essays Web of Science
In current power markets, the bulk of electricity is sold wholesale and transported to consumers via long-distance transmission lines. Recently, decentralized local energy markets have evolved, often as isolated networks based on solar generation. We analyze strategic pricing, investment, and welfare in local energy markets. We show that local energy markets yield competitive equilibrium prices and ...
In:
The Journal of Industrial Economics
71 (2023), 3, S. 855-882
| Pio Baake, Sebastian Schwenen, Christian von Hirschhausen
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Refereed essays Web of Science
This paper studies market segmentation that arises from the introduction of rent control. When a part of the market remains unregulated, theory predicts an increase of free-market rents due to the misallocation of households to dwellings. To document this mechanism empirically, we study a large-scale policy intervention in the German housing market. We isolate the misallocation mechanism by exploiting ...
In:
Journal of Urban Economics
134 (2023), 103513, 22 S.
| Andreas Mense, Claus Michelsen, Konstantin A. Kholodilin