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Transmission Rights and Market Power on Electric Power Networks I: Financial Rights

Joskow, Paul L; Tirole, Jean - C.E.P.R. Discussion Papers - 1999

We examine whether and how the allocation of financial transmission rights affects the behavior of electricity generators and electricity consumers with market power in the electricity market. The analysis recognizes that the ultimate allocation of rights is endogenous, depending both on whether...

Persistent link: https://www.econbiz.de/10005504688

Transmission Rights and Market Power on Electric Power Networks. II: Physical Rights

Joskow, Paul L; Tirole, Jean - C.E.P.R. Discussion Papers - 1999

We examine whether and how the allocation of physical rights to utilize congested transmission links affects the behavior of electricity generators and electricity consumers with market power in the electricity market. The paper extends the analysis of financial transmission rights contained in...

Persistent link: https://www.econbiz.de/10005656250

Reliability and Competitive Electricity Markets

Joskow, Paul L; Tirole, Jean - C.E.P.R. Discussion Papers - 2007

This paper seeks to bridge the gap between economists focused on designing competitive market mechanisms and engineers focused on the physical attributes and engineering requirements they perceive as being needed for operating a reliable electric power system. The paper starts by deriving the...

Persistent link: https://www.econbiz.de/10005788956

More Schooling, More Children: Compulsory Schooling Reforms and Fertility in Europe

Fort, Margherita; Schneeweis, Nicole; Winter-Ebmer, Rudolf - C.E.P.R. Discussion Papers - 2011

We study the relationship between education and fertility, exploiting compulsory schooling reforms in Europe as source … of exogenous variation in education. Using data from 8 European countries, we assess the causal effect of education on … the number of biological kids and the incidence of childlessness. We find that more education causes a substantial …

Persistent link: https://www.econbiz.de/10009324255

The Causal Effect of Education on Health: What is the Role of Health Behaviors?

Brunello, Giorgio; Fort, Margherita; Schneeweis, Nicole; … - C.E.P.R. Discussion Papers - 2011

We study the contribution of health-related behaviors to the health-education gradient by distinguishing between short … we consider the entire history of behaviors. We use an empirical approach that addresses the endogeneity of education and … behaviors in the health production function. Focusing on self-reported poor health as our health outcome, we find that education …

Persistent link: https://www.econbiz.de/10009385763

Reducing Start-Up Costs for New Firms: The Double Dividend on the Labour Market

Dulleck, Uwe; Frijters, Paul; Winter-Ebmer, Rudolf - C.E.P.R. Discussion Papers - 2004

insurance against unemployment caused by labour market frictions and hence increases the incentives for education. We show … within a matching model that reducing the start-up costs for new firms results in higher take-up rates of education. It also …

Persistent link: https://www.econbiz.de/10005789165

Peer Effects in Austrian Schools

Schneeweis, Nicole; Winter-Ebmer, Rudolf - C.E.P.R. Discussion Papers - 2005

This study deals with educational production in Austria and is focused on the potential impact of schoolmates on students’ academic outcomes. We used PISA 2000 data to estimate peer effects for 15 and 16 year old students. The estimations yield substantial positive effects of the peer...

Persistent link: https://www.econbiz.de/10005792354