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Miet- und Wohnungspreise: Internetbasierte Indizes erfassen auch kurzfristige Preisdynamik: Vier Fragen an Konstantin Kholodilin

Cardiovascular Consequences of Unfair Pay

This paper investigates physiological responses to perceptions of unfair pay. In a simple principal agent experiment agents produce revenue by working on a tedious task. Principals decide how this revenue is allocated between themselves and their agents. In this environment unfairness can arise if an agent's reward expectation is not met. Throughout the experiment we record agents' heart rate variability. ...

Empirical Welfare Analysis in Random Utility Models of Labour Supply

The aim of this paper is to apply recently proposed individual welfare measures in the context of random utility models of labour supply. Contrary to the standard practice of using reference preferences and wages, these measures preserve preference heterogeneity in the normative step of the analysis. They also make the ethical priors, implicit in any interpersonal comparison, more explicit. On the ...

Probleme des internationalen Vergleichs industrieller Entwicklungen im europäischen Kontext

Im Rahmen des europäischen Binnenmarktes stellt sich die Frage, wie sich die deutsche Industrie im Vergleich zu der anderer großer EU-Länder entwickelt. Welche Indikatoren sind zur Messung der relativen Position der Industrie und ihrer Zweige unter konjunkturellen und strukturellen Aspekten im europäischen Rahmen geeignet? In diesem Bericht werden Indikatoren wie der Produktionsindex und die reale ...

Where Are the Industrial Technologies in Energy-Economy Models? An Innovative CGE Approach for Steel Production in Germany

Top-down computable general equilibrium (CGE) models are used extensively for analysis of energy and climate policies. Energy-intensive industries are usually represented in top-down economic models as abstract economic production functions, commonly of the constant-elasticity-of-substitution (CES) or translog functional form. This study explores methods for improving the realism of energy-intensive ...

Quality of Life in Rural Areas: Processes of Divergence and Convergence

In Germany, processes can be observed that have long been out of keeping with the principle of equality of opportunity. Unemployment is concentrated in the structurally weak peripheral areas, in Eastern Germany in particular; emigration of young and better-educated people to the West is not diminishing, but contrary to expectation is again on the increase; aging processes have set in already, and when ...

Produktdiversifizierung: Konvergenz zwischen ost- und westdeutschen Unternehmen: eine Dekomposition mit Mikrodaten der amtlichen Statistik

In the aftermath of Germany's reunification, redesigning their product range was a major challenge for East-German enterprises. At the same time, there were growing signs that Western enterprises reacted to globalization and European integration by increasingly pursuing strategies of specialization. Using representative micro data from Germany's system of register based, official firm surveys, this ...

The Marginal Utility of Income

In normative public economics it is crucial to know how fast the marginal utility of income declines as income increases. One needs this parameter for cost-benefit analysis, for optimal taxation and for the (Atkinson) measurement of inequality. We estimate this parameter using four large cross-sectional surveys of subjective happiness and two panel surveys. Altogether, the data cover over 50 countries ...

Coordinating Cross-Country Congestion Management

We employ a detailed two-stage model to simulate the operation of the Central Eastern European electricity market and network. Implementing different cases of coordination in congestion management between national transmission system operators, numerical results show the beneficial impact of closer cooperation. Specific steps comprise the sharing of network and dispatch information, cross-border counter-trading, ...

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, ...