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Diskussionspapiere 1936 / 2021

Lender-Specific Mortgage Supply Shocks and Macroeconomic Performance in the United States

This paper provides evidence for the propagation of idiosyncratic mortgage supply shocks to the macroeconomy. Based on micro-level data from the Home Mortgage Disclosure Act for the 1990-2016 period, our results suggest that lender-specific mortgage supply shocks affect aggregate mortgage, house price, and employment dynamics at the regional level. The larger the idiosyncratic shocks to newly issued ...

2021| Franziska Bremus, Thomas Krause, Felix Noth
DIW Weekly Report 27/28 / 2021

Real Estate Taxation Reform: Tax Land Values, Abolish Privileges

Real estate is taxed at comparatively low rates in Germany, with primarily the affluent benefiting from numerous existing tax privileges. This Weekly Report describes the current state of real estate taxation in Germany and outlines reform proposals that could increase tax revenue, improve the efficiency of the tax system, and reduce wealth and income inequality. In the case of property tax, value-based ...

2021| Stefan Bach, Sebastian Eichfelder
Diskussionspapiere 1955 / 2021

The Effect of Changing Marginal-Cost to Physical-Order Dispatch in the Power Sector

The analysis of local environmental policies is essential when evaluating the consistency of national public policies vis-à-vis the compliance of global agreements to reduce climate change. This study explores one of these policies; the 2021 Mexican reform to change electric power dispatch from a marginal-cost-based to a command and control physical system prioritizing power generation from the state ...

2021| Raúl Gutiérrez-Meave, Juan Rosellón, Luis Sarmiento
Externe referierte Aufsätze

Common Ownership in the U.S. Pharmaceutical Industry: A Network Analysis

We investigate patterns in common ownership networks between firms that are active in the U.S. pharmaceutical industry for the period 2004–2014. Our main findings are that “brand firms”—that is, firms that have research and development capabilities and launch new drugs—exhibit relatively dense common ownership networks with each other that further increase significantly in density over time, whereas ...

In: The Antitrust Bulletin 66 (2021), 1, S. 68–99 | Albert Banal-Estañol, Melissa Newham, Jo Seldeslachts
Externe referierte Aufsätze

Mexico and U.S. Power Systems Under Variations in Natural Gas Prices

This study examines the impact of natural gas prices on the power systems of Mexico and the United States. For this, we develop an integrated modeling framework by soft linking three different techno-economic bottom-up models of the power and energy systems, one partial equilibrium model of the natural gas sector, and a partial equilibrium model of the Mexican energy sector. Our results show several ...

In: Energy Policy 156 (2021), 112378, 18 S. | Luis Sarmiento, Anahi Molar-Cruz, Charalampos Avraam, Maxwell Brown, Juan Rossellón, Sauleh Siddiqui, Baltazar Solano Rodríguez
Diskussionspapiere 1961 / 2021

Economic Effects of the COVID-19 Pandemic on Entrepreneurship and Small Businesses

The existential threat to small businesses, based on their crucial role in the economy, is behind the plethora of scholarly studies in 2020, the first year of the COVID-19 pandemic. Examining the 14 contributions of the special issue on the “Economic Effects of the COVID-19 Pandemic on Entrepreneurship and Small Businesses,” the paper comprises four parts: a systematic review of the literature on the ...

2021| Maksim Belitski, Christina Guenther, Alexander S. Kritikos, Roy Thurik
Externe referierte Aufsätze

Impact of Mexico's Energy Reform on Consumer Welfare

We study the impact of Mexico's energy reform on the welfare of electricity, liquified petroleum gas, and gasoline consumers between 2010 and 2018. We utilize micro-level data to estimate income and price elasticities. Comparative statics are used to determine subsidy and price influences on consumer surplus. A counterfactual is used to simulate the industry's behavior under non-reform parameters. ...

In: Utilities Policy 70 (2021), 101191, 10 S. | José Carlos Ramírez, Francisco Ortiz-Arango, Juan Rosellón
Externe referierte Aufsätze

The U.S. Coal Sector between Shale Gas and Renewables: Last Resort Coal Exports?

Coal consumption and production have sharply declined in recent years in the U.S., despite political support. Reasons are mostly unfavorable economic conditions for coal, including competition from natural gas and renewables in the power sector, as well as an aging coal-fired power plant fleet. Nevertheless, coal remains a major energy source in the North American energy markets. Supplementing EMF34 ...

In: Energy Policy 149 (2021), 112097, 13 S. | Christian Hauenstein, Franziska Holz
Brown Bag Seminar Industrial Economics

The Productivity Riddle in Business Services

This is an online seminar using Cisco Webex. You will receive the login data with the invitation to the talk. Abstract:   A fast growing and diverse literature has addressed one of the riddles of economic developments: the declining labor productivity growth in almost all advanced economies. One of the reasons discussed is the shift towards service industries with inherently low...

11.12.2020| Caroline Stiel, DIW Berlin
Brown Bag Seminar Industrial Economics

The Interaction between Industry Payments to Physicians, Insurance and Drug Costs: Evidence from Medicare Part D

This is an online seminar using Cisco Webex. You will receive the login data with the invitation to the talk. Abstract:   High and growing prescription drug costs in the United States are a major concern for policy makers. This paper focuses on the extent to which promotional gifts and other transfers made to physicians by pharmaceutical companies cause physicians to prescribe more...

16.10.2020| Melissa Newham, DIW Berlin und KU Leuven
341 results, from 11