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Complementary Bidding Mechanisms and Startup Costs in Electricity Markets
Reguant, Mar - CESifo - 2014
I extend multi-unit auction estimation techniques to a setting in which firms can express cost complementarities over time. In the context of electricity markets, I show how the auction structure and bidding data can be used to estimate these complementarities, which in these markets arise due...
Persistent link: https://www.econbiz.de/10010877888
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Strategic Supply Function Competition with Private Information
Vives, Xavier - CESifo - 2009
A finite number of sellers (n) compete in schedules to supply an elastic demand. The costs of the sellers have uncertain common and private value components and there is no exogenous noise in the system. A Bayesian supply function equilibrium is characterized; the equilibrium is privately...
Persistent link: https://www.econbiz.de/10008534061
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Strategic Supply Function Competition with Private Information
Vives, Xavier - CESifo - 2008
A Bayesian supply function equilibrium is characterized in a market where firms have private information about their uncertain costs. It is found that with supply function competition, and in contrast to Bayesian Cournot competition, competitiveness is affected by the parameters of the...
Persistent link: https://www.econbiz.de/10005094231
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A Fair Price for Energy? Ownership versus Market Opening in the EU15
Fiorio, Carlo V.; Florio, Massimo - CESifo - 2010
In the past two decades privatisation and liberalisation of network industries providing services of general economic interest (SGEI), have been particularly significant in the European Union. Wide variations around a common policy trend can, however, be observed across countries and sectors. We...
Persistent link: https://www.econbiz.de/10008572553
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Green Tradable Certificates versus Feed-in Tariffs in the Promotion of Renewable Energy Shares
Requate, Till - CESifo - 2014
The paper analyzes the relationship between CO2 mitigation policy and promotion policies designed to deploy renewable energy sources for electricity production (RES-E). If an emission cap is the only policy target, an optimal mix consisting of high and low carbon use of fossil fuels, deployment...
Persistent link: https://www.econbiz.de/10011105365
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Education and Industrialization in Prussia: A Reassessment
Edwards, Jeremy - CESifo - 2013
This paper investigates Becker, Hornung and Woessmann’s recent claim that education had an important causal effect on … problems, notably the omission of relevant variables which leads to serious bias in the estimated effect of education. When … these problems are corrected, the conclusions of Becker, Hornung and Woessmann no longer hold. Education did not play an …
Persistent link: https://www.econbiz.de/10010877667
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Great Expectations and Hard Times - The (Nontrivial) Impact of Education on Domestic Terrorism
Brockhoff, Sarah; Krieger, Tim; Meierrieks, Daniel - CESifo - 2012
This contribution investigates the role of education in domestic terrorism for 133 countries between 1984 and 2007. The … findings point at a nontrivial effect of education on terrorism. Lower education (primary education) tends to promote terrorism … education (university education) reduces terrorism in a cluster of countries where conditions are more favorable. This suggests …
Persistent link: https://www.econbiz.de/10010877794
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International Migration of Couples
Junge, Martin; Munk, Martin D.; Poutvaara, Panu - CESifo - 2014
We present a theory on migration of dual-earner couples, and test it in the context of international migration. Our model predicts that the probability that a couple emigrates increases in the earnings of the primary earner. The effect of the earnings of the secondary earner may go either way....
Persistent link: https://www.econbiz.de/10010877818
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Education and Health: The Role of Cognitive Ability
Bijwaard, Govert; Kippersluis, Hans van; Veenman, Justus - CESifo - 2013
We aim to disentangle the relative contributions of (i) cognitive ability, and (ii) education on health and mortality …-2011, such that we observe mortality between ages 55 and 75. The results suggest that the treatment effect of education (i.e. the … effect of entering secondary school as opposed to leaving school after primary education) is positive and amounts to a 4 …
Persistent link: https://www.econbiz.de/10010877909
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Human Capital Accumulation and the Macroeconomy in an Ageing Society
Heijdra, Ben J.; Reijnders, Laurie S. M. - CESifo - 2012
How do population ageing shocks affect the long-run macroeconomic performance of an economy? To answer this question we build a general equilibrium overlapping generations model of a closed economy featuring endogenous factor prices. Finitely-lived individuals are endowed with perfect foresight...
Persistent link: https://www.econbiz.de/10010877922