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This paper explores the factors behind the time path of real spending and revenue in the West German states from 1975 to 2004. The empirical approach stresses robustness and takes into account a large set of economic and political variables. Our results suggest that common economic factors and,...
Persistent link: https://www.econbiz.de/10005416450
We construct a dynamic model of a small open economy to analyze the effects of large energy subsidies. The model includes domestic energy production and consumption, trade in energy at world market prices, as well as private and public sector production. The model is calibrated to Egypt and used...
Persistent link: https://www.econbiz.de/10011165505
Myriad policy measures aim to reduce greenhouse gas emissions from the electricity sector, promote generation from … lower electricity prices. Even with multiple market failures, emissions pricing remains the single most cost …
Persistent link: https://www.econbiz.de/10010764280
Power market integration is analyzed in a two countries model with nationally regulated firms and costly public funds. If generation costs between the two countries are too similar negative business-stealing outweighs efficiency gains so that following integration welfare decreases in both...
Persistent link: https://www.econbiz.de/10010556079
I estimate the level of emissions cost pass-through to hourly wholesale electricity prices in Germany, based on spot … generation, and intersecting it with residual demand for fossil-based electricity for every hour. Determining the marginal … electricity prices by at least 84 %, with a central range of 98 %–104 % for different load periods. My results suggest that there …
Persistent link: https://www.econbiz.de/10010948833
Persistent link: https://www.econbiz.de/10005765806
areas. In particular, the U.S. telecommunications sector was hit by a deep crisis and electricity reforms suffered under the … telephony and the electricity sector. Part of the explanation lies in an underestimate of the coordination problems, resulting …
Persistent link: https://www.econbiz.de/10005765998
, however, be observed across countries and sectors. We focus on electricity and gas sectors because energy sectors have usually …
Persistent link: https://www.econbiz.de/10008572553
We investigate whether public and private sector employees differ in terms of public service motivation using a representative sample of elderly workers from 12 European countries. We find that public sector workers, both those currently employed and those already retired, are significantly more...
Persistent link: https://www.econbiz.de/10011120473
A relatively high labor-intensity in government-run entities need not imply slack in their organization. Rather, it is a rational reaction to various forms of wage tax advantage that the public sector has over private firms. Even though an unequal tax treatment of public and private sectors...
Persistent link: https://www.econbiz.de/10005765889