Suche

Paying by the Hour: The Least Appealing Option for Clients of Lawyers

In this study, we analyze a client’s choice of contract in auctions where Dutch law firms compete for cases. The distinguishing feature is that lawyers may submit bids with any fee arrangement they wish. We find robust evidence that bids offering hourly rates are less attractive to clients. Our findings tentatively contradict lawyers’ often-made argument that hourly rates are in a client’s best in ...

Clients Prefer Flat Fee Contracts: Ten Questions to Jo Seldeslachts

Mitigating Environmental and Public-Safety Risks of United States Crude-by-Rail Transport

We present a medium-term market equilibrium model of the North American crude oil sector via which we develop a scenario analysis to investigate strategies to mitigate the environmental and public-safety risks from crude-by-rail transportation across the United States. The model captures crude oil movements across rail- roads, pipelines and waterways, while distinguishing between light and heavy crude ...

Cost Structure and Economies of Scale in German Water Supply

Potable water supply in Germany is highly fragmented. A consolidation of the industry could, therefore, lead to lower cost of water supply and price savings for the customers. In this paper we estimate a total cost function for potable water supply based on a unique sample of German water utilities observed between 2004 and 2010. Newly available data allows for a detailed cost modeling approach. Capital ...

Mandanten von Anwälten wollen kein Stundenhonorar

Wir analysieren die Vertragswahl von Mandanten bei Auktionen, in denen niederländische Anwaltskanzleien um Fälle konkurrieren. Dabei können Anwälte Angebote mit der von ihnen bevorzugten Honorarregelung einreichen. Die Untersuchung bietet eindeutige Belege dafür, dass Angebote mit Stundenhonorar jene sind, die von den Mandanten am seltensten ausgewählt werden. Unsere Ergebnisse widersprechen dem von ...

Intraday Markets for Power: Discretizing the Continuous Trading?

A fundamental question regarding the design of electricity markets is whether adding auctions to the continuous intraday trading is improving the performance of the market. To approach this question, we assess the experience with the implementation of the 3 pm local auction for quarters in Germany at the European Power Exchange (EPEX SPOT) in December 2014 to assess the impact on trading volumes/liquidity, ...

Auswirkungen von CO2-Grenzwerten für fossile Kraftwerke auf Strommarkt und Klimaschutz in Deutschland: Studie im Auftrag der Bundestagsfraktion Bündnis 90/Die Grünen

BCCP Conference and Policy Forum 2016

Big data is transforming the world we live in. The instant availability of information impacts how individuals consume, how businesses thrive or fail, how society makes scientific discoveries, as well as how governments design and implement informed policies. At a pace and scale unanticipated 20 years ago, information technology is enabling consumers globally. Uncountable services make use of a...

Housing Market Fundamentals, Housing Quality and Energy Consumption: Evidence from Germany

This study investigates the relationship between regional housing market fundamentals and energy consumption. We argue that dwellings, in particularly rental properties, are not only consumer goods, but also constitute financial market assets. Properties are spatially fixed and traded in regional contexts, where real estate market characteristics like vacancy, income levels, and expectations determine ...

Der Ölpreis auf den Weltmärkten - ein Oligopolspiel mit ungewissem Ausgang

Seitdem sich im Lauf des letzten Jahres die Rohölpreise nahezu halbiert haben, wird viel darüber spekuliert, wie deren zukünftiger Verlauf sein könnte. In seinem Kommentar befasst sich Georg Erber, European Productivity Research Center, mit dem Einfluss der OPEC und der USA auf die Erdölpreise.Since oil prices almost halved over the course of last year, there is a lot of speculation about how they ...