DIW Berlin: Search

Search

clear
282 results, from 1
Externe referierte Aufsätze

Solar PV Generation in Colombia - a Qualitative and Quantitative Approach to Analyze the Potential of Solar Energy Market

Colombia faces several challenges to secure a reliable, affordable, and climate-friendly energy supply. Persistently low reserve-to-production ratios in oil and gas, together with advancing climate change, are putting the country’s energy system at risk. Heavily relying on hydro-power, Colombia’s electricity system will become more vulnerable with extreme weather patterns such as El Niño. This

In: Renewable Energy 148 (2020), S. 1266-1279 | Andrea Ruíz López, Alexandra Krumm, Lukas Schattenhofer, Felipe Corral Montoya, Nora Oberländer, Pao-Yu Oei
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 necessary to counteract bubbles. This report shows how modern machine learning methods can be used to forecast speculative price bubbles at an early

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 different final outcome. We utilize data from the Austrian construction sector and estimate models of first-price sealed-bid auctions with endogenous entry

11.10.2019| Christine Zulehner, University of Vienna
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 incumbency advantage. This will open the floor for discussion on how data from procurement auctions in the French urban transport industry can be

01.11.2019| Christoph Wolf, Bocconi University, Joanna Piechucka
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 market, replacing households with higher willingness to pay for housing. These households bid up prices in the free market segment, giving rise to an

In: AEA Papers and Proceedings 109 (2019), S. 385-388 | Andreas Mense, Claus Michelsen, Konstantin A. Kholodilin
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 of tools that can be used to make such assessments. Dynamic stochastic general equilibrium (DSGE) models are the leading tool for making such

In: Journal of Economic Perspectives 32 (2108), 3, S. 113-140 | Lawrence J. Christiano, Martin S. Eichenbaum, Mathias Trabandt
Diskussionspapiere 1846 / 2020

The Effects of Rent Control in Latin America: A Century of Regulations in Argentina

Following World War I, rent control became a standard policy response to the housing shortage and the resulting rent increases. Typically, economists blame it for creating inefficiencies in the housing market and beyond. We investigate whether rental market regulations (including rent control, protection of tenants from eviction, and housing rationing) had any effects in a middle-income Latin

2020| Alejandro D. Jacobo, Konstantin A. Kholodilin
Diskussionspapiere 1832 / 2019

Rent Control, Market Segmentation, and Misallocation: Causal Evidence from a Large-Scale Policy Intervention

This paper studies market segmentation that arises from the introduction of a price ceiling in the market for rental housing. When part of the market faces rent control, theory predicts an increase of free-market rents, a consequence of misallocation of households to housing units. We study a large-scale policy intervention in the German housing market in 2015 to document this mechanism

2019| Andreas Mense, Claus Michelsen, Konstantin A. Kholodilin
DIW Weekly Report 38 / 2019

Housing Market Regulation Has Contributed to the Worldwide Triumph of Home Ownership

The present report presents new historical data based on country comparisons and research results regarding rent control and its long-term effect on the home ownership rate in 27 countries. Policy measures of rent control, protection against eviction, and housing space management have been widespread in most of the countries studied—particularly in continental Europe—in the past 100 years. At the

2019| Konstantin A. Kholodilin, Sebastian Kohl
282 results, from 1