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Diskussionspapiere 1994 / 2022

House Price Expectations

This study examines short-, medium-, and long-run price expectations in housing markets. We derive and test six hypothesis about the incidence, formation, and relevance of price expectations. To do so, we use data from a tailored household survey, past sale and rental offerings, satellites, and from an information RCT. As novel findings, we show that price expectations exhibit mean reversion in the ...

2022| Niklas Gohl, Peter Haan, Claus Michelsen, Felix Weinhardt

Libra, Bitcoin & Co. – Determinants of Non-cash Payments and Alternative Money

Crypto currencies are booming. Data collection by Fintecs and other internet based companies isreality. Non-cash payments are common in many countries. Financial literacy is getting more andmore important for the economic life and understanding of transactions. The transformation of the monetary system towards more non-cash payments was part of this dynamic response to the necessary reduction of personal ...

18.02.2021| Dorothea Schäfer
Schumpeter BSE Macro Seminar

Perceptions about Monetary Policy

24.05.2022| Michael Bauer, Universität Hamburg

BCCP Online Panel 2021: Regulatory Challenges in Digital Markets: the Digital Markets Act

This year’s online conference is focusing on the Digital Markets Act (DMA), the EU legislative proposal to regulate digital markets in order to prevent abuses of market power. This regulatory tool contains behavioral obligations for large online platforms (‘gatekeepers’) aimed at reducing entry barriers and ensuring fairness in the relationship between digital platforms and their different user...

30.06.2021| Veranstaltungsrückblick
Externe referierte Aufsätze

Decentral Electrification, Network Interconnection, and Local Power Markets: An Introduction

In: Economics of Energy and Environmental Policy 11 (2022), 1, S. 1-4 | Sebastian Groh, Valerie J. Karplus, Christian von Hirschhausen
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
Diskussionspapiere 1972 / 2021

The Hidden Homeownership Welfare State: An International Long-Term Perspective on the Tax Treatment of Homeowners

Welfare is traditionally understood through social security decommodifying labor markets or social investment policies. In the domain of housing, however, welfare for homeowners is largely hidden in the tax codes’ fiscal exemptions. Based on a content analysis of legislation, this paper introduces a novel yearly database of 37 countries between 1910 and 2020 to uncover the “hidden welfare state” of ...

2021| Konstantin A. Kholodilin, Sebastian Kohl, Artem Korzhenevych, Linus Pfeiffer
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 1965 / 2021

Estimating Demand with Multi-Homing in Two-Sided Markets

We empirically investigate the relevance of multi-homing in two-sided markets. First, we build a micro-founded structural econometric model that encompasses demand for differentiated products and allows for multi-homing on both sides of the market. We then use an original dataset on the Italian daily newspaper market that includes information on double-homing by readers to estimate readers’ and advertisers’ ...

2021| Pauline Affeldt, Elena Argentesi, Lapo Filistrucchi
354 results, from 11