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I study the internal organization of firms using occupation data on workers in Swedish manufacturing firms. Firms with more layers are larger in size, in value added, and they pay higher wages. Firms are hierarchal in that lower layers have more workers and lower mean wage than higher layers....
Persistent link: https://www.econbiz.de/10010818513
The most common reason for scrapping a wind turbine in Denmark is to make room for a newer turbine. The decision to scrap a wind turbine is then highly dependent on an opportunity cost that comes from the interaction of scarce land resources, technological change and changes in subsidy policy....
Persistent link: https://www.econbiz.de/10010818524
This paper raises several issues concerning productivity analysis. An attempt is made to demonstrate the usefulness of … a micro-based approach to productivity analysis which challenges some basic assumptions of conventional analyses based … relationships between investment, productivity, and economic growth are much more complex and unpredictable than commonly assumed …
Persistent link: https://www.econbiz.de/10011019067
No abstract.
Persistent link: https://www.econbiz.de/10010685037
No abstract.
Persistent link: https://www.econbiz.de/10010818363
This paper investigates the determinants of the productivity of independent retail stores in Sweden by focusing on the … located in central and non-central markets respectively. The results show an approximately 10 percent higher productivity … markets. The findings also show that employee characteristics do not contribute to the productivity of stores in central …
Persistent link: https://www.econbiz.de/10011114569
Wholesale electricity markets use different market designs to handle congestion in the transmission network. We compare nodal, zonal and discriminatory pricing in general networks with transmission constraints and loop flows. We conclude that in large games with many producers who are allowed to...
Persistent link: https://www.econbiz.de/10011271350
In most wholesale electricity markets generators must submit step-function offers of supply to a uniform price auction, and the market is cleared at the price of the most expensive offer needed to meet realised demand. Such markets can most elegantly be modelled as the pure-strategy, Nash...
Persistent link: https://www.econbiz.de/10005025457
This paper characterizes the Nash equilibrium in a pay-as-bid (discriminatory), divisible-good, procurement auction. Demand by the auctioneer is uncertain as in the supply function equilibrium model. A closed form expression is derived. Existence of an equilibrium is ensured if the hazard rate...
Persistent link: https://www.econbiz.de/10005025460
High levels of wind power penetration will tend to affect prices in a deregulated electricity market. Much of the analysis in the literature has focused on the effect that wind power has on average electricity prices, this paper attempts to test the effect that wind power production has on the...
Persistent link: https://www.econbiz.de/10009386416