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DIW Weekly Report 32 / 2019

High Risk of a Housing Bubble in Germany and Most OECD Countries

Housing prices in many countries have increased significantly over the past years, fueling a fear that speculative price bubbles will return. However, it can be difficult for policymakers to recognize when regulatory interventions in the market are .

2019| Konstantin A. Kholodilin, Claus Michelsen
Brown Bag Seminar Cluster Industrial Economics

Evaluation of Bidding Groups in First-price Auctions

Abstract: In this paper, we analyze bidding groups that participate in procurement auctions. Our main question is to ask, whether in the absence of the joint bid, there could have been two or more independent bids and if yes, these bids yield a ...

Brown Bag Seminar Cluster Industrial Economics

Incumbency Advantage: Theory and Possible Applications

Joanna and Christoph will do a joint IOBB to exchange ideas on a possible project on incumbency advantage and mergers in procurement auctions. In the first part of the seminar, they will discuss possible theoreotical explanations and consequences of ...

01.11.2019| Joanna Piechucka
Externe referierte Aufsätze

On DSGE Models

The outcome of any important macroeconomic policy change is the net effect of forces operating on different parts of the economy. A central challenge facing policymakers is how to assess the relative strength of those forces. Economists have a range

In: Journal of Economic Perspectives 32 (2108), 3, S. 113-140 | Lawrence J. Christiano, Martin S. Eichenbaum, Mathias Trabandt
Externe referierte Aufsätze

The Effects of Second-Generation Rent Control on Land Values

Second generation rent control seeks to prevent negative quantity effects by exempting newly built units. The artificially lowered rent in the controlled segment makes renting attractive for households that would otherwise not have rented in the ...

In: AEA Papers and Proceedings 109 (2019), S. 385-388 | Andreas Mense, Claus Michelsen, Konstantin A. Kholodilin
Brown Bag Seminar Cluster Industrial Economics

Herd Behavior in FDA Committees: A Structural Approach

19.10.2018| Melissa Newham
Externe referierte Aufsätze

North American Natural Gas and Energy Markets in Transition: Insights from Global Models

This modeling comparison exercise looks at the global consequences of increased shale gas production in the U.S. and increased gas demand from Asia. We find that differences in models' theoretical construct and assumptions can lead to divergences in

In: Energy Economics 60 (2016), S. 405-415 | Sonia Yeh, Yiyong Cai, Daniel Huppman, Paul Bernstein, Sugandha Tuladhar, Hillard G. Huntington
DIW Weekly Report 30/31 / 2018

Signs of New Housing Bubble in Many OECD Countries – Lower Risk in Germany

Ten years after the worldwide financial and economic crisis was triggered by the American real estate market, real estate prices are rising around the globe. Concerns about a new housing bubble are growing. The present report based on OECD data for 2

2018| Konstantin A. Kholodilin, Claus Michelsen
Weekly Report

Net neutrality: prioritization is beneficial from an economic perspective

The principle of net neutrality was adopted by the European Union as a regulation promoting equality among all data packets in the Internet. Considering net neutrality from a purely economic viewpoint, however, the general possibility to prioritize .

Diskussionspapiere 1746 / 2018

Renewable Energy Policy in the Age of Falling Technology Costs

Cost of renewable energies have dropped, approaching wholesale power price levels. As a result, the role of renewable energy policy design is shifting – from covering incremental costs towards facilitating risk-hedging. An analytical model of the .

2018| Karsten Neuhoff, Nils May, Jörn C. Richstein
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