Die Öffnung des Strommarktes für erneuerbare Energien würde Flexibilität für die weitere Integration erneuerbarer Energien schaffen und zu erheblichen Einsparungen von Kosten und Emissionen führen. Dafür müssen die Strommärkte in dreierlei Hinsicht anders organisiert werden: Erstens erfolgen bisher die meisten Handelsaktivitäten - und damit auch die Produktionsentscheidungen - spätestens am Vortag ...
Die aktuellen Finanzmarktturbulenzen wurden durch Entwicklungen im Immobiliensektor ausgelöst. Vor diesem Hintergrund analysiert dieser Beitrag den Zusammenhang zwischen den Immobilienpreisen und der Geldmengen- und Kreditvolumensentwicklung für den Zeitraum 1992 -2006 (westdeutsche Preisdaten) bzw. 1997 bis 2006 (ostdeutsche Preisdaten). Die Untersuchung konzentriert sich erstmals auf die Bundesrepublik ...
High definition television may now be poised for a breakthrough in Germany. Unfortunately, in the area of private free-TV, broadcasters and network operators are still blocking each other. Market participants hope to leverage encryption and digital rights management as sources of long-term profits. This, however, may come at the expense of television viewers. Despite the start of regular HDTV operations ...
Excessive speculation on asset markets can cause significant macroeconomic losses in terms of production and employment. Such developments should be detected as early and as reliably as possible in order to enable corrective action through adequate economic policy measures. This is the goal of the early warning system, which was developed by DIW Berlin on behalf of the Federal Ministry of Finance for ...
In 2001, the voluntary additional Riester pension scheme was implemented in Germany. Financial subsidies should incentivize people to increase their private pension savings. In this paper, we hypothesize that these publicly subsidized savings mainly replace existing not subsidized savings and that supplier induced demand is an important factor. Using data from the Socio-economic Panel we analyze the ...
For many analysts, the Chinese economy is spurred by a bubble in the housing market, probably driven by the fiscal stimulus package and massive credit expansion, with pos-sible adverse effects to the real economy. To get insights into the size of the bubble, the house price evolution is investigated by panel cointegration techniques. Evidence is based on a dataset for 35 major cities. Cointegration ...