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Coase and cap-and-trade : evidence on the independence property from the European electricity sector
Zaklan, Aleksandar - 2020 - This version: March 2020
This paper provides an empirical test of the Coase Theorem. I analyze whether emissions are independent from allowance allocations in the electricity sector regulated under the EU's Emissions Trading System (EU ETS). Exogenous variation in levels of free allocation for power producing...
Persistent link: https://www.econbiz.de/10012183177
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Coase and cap-and-trade : evidence on the independence property from the European electricity sector
Zaklan, Aleksandar - 2020 - This version: January 2020
This paper provides an empirical test of the Coase Theorem. I analyze whether emissions are independent from allowance allocations in the electricity sector as regulated under the EU's Emissions Trading System (EU ETS). Exogenous variation in levels of free allocation for power producing...
Persistent link: https://www.econbiz.de/10012160829
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German nuclear phase-out policy : effects on European electricity wholesale prices, emission prices, conventional power plant investments and eletricity trade
Traber, Thure; Kemfert, Claudia - 2012
The German decision to finally phase-out nuclear electricity has led to a debate on its effects on electricity prices, emission prices in the European emission trading system, as well as on international electricity trade. We investigate these effects with a Electricity market model for Europe...
Persistent link: https://www.econbiz.de/10009579310
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Subsidies for learning in renewable energy technologies under market power and emission trading
Traber, Thure; Kemfert, Claudia - 2011
Under perfect competition on the output market, first best technology subsidies in the presence of learning by doing are justified by knowledge spill overs that are not accounted for by individual companies. First best output subsidies are thus depending directly on the learning effects and are,...
Persistent link: https://www.econbiz.de/10009427861
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The Unemployment Impact of Product and Labour Market Regulation : Evidence from European Countries
Piton, Céline - 2018
This paper provides robust estimates of the impact of both product and labour market regulations on unemployment using data for 24 European countries over the period 1998-2013. Controlling for country-fixed effects, endogeneity and a large set of covariates, results show that product market...
Persistent link: https://www.econbiz.de/10012915739
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The impact of policy measures on future power generation portfolio and infrastructure : a combined electricity and CCTS investment and dispatch model (ELCO)
Mendelevitch, Roman; Oei, Pao-Yu - 2015
This paper presents a general electricity-CO2 (ELCO) modeling framework that is able to simulate interactions of the energy-only market with different forms for national policy measures. We set up a two sector model where players can invest into various types of generation technologies including...
Persistent link: https://www.econbiz.de/10011392062
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Impacts of the German support for renewable energy on electricity prices, emissions and profits : an analysis based on a European electricity market model
Traber, Thure (contributor); Kemfert, Claudia (contributor) - 2007
Persistent link: https://www.econbiz.de/10003577403
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The Impact of Regulation on Innovation
Aghion, Philippe; Bergeaud, Antonin; Van Reenen, John - 2021
Does regulation affect the pace and nature of innovation and if so, by how much? We build a tractable and quantifiable ….4% lower due to the regulation, a 2.2% consumption equivalent welfare loss. Four-fifths of this loss is due to lower innovation … changes in the direction of R&D, and find that regulation's negative effects only matter for incremental innovation (as …
Persistent link: https://www.econbiz.de/10013248072
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Does macroprudential policy leak? : evidence from shadow bank lending in EU countries
Hodula, Martin; Ngoc Anh Ngo - In: Economic modelling 132 (2024), pp. 1-13
Persistent link: https://www.econbiz.de/10014547981
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Coase and cap-and-trade : evidence on the independence property from the European carbon market
Zaklan, Aleksandar - 2021 - Updated version of DP 1850
This paper tests the independence property under the Coase Theorem in a large multinational cap-and-trade scheme for greenhouse gas emissions, the EU Emissions Trading System (EU ETS). I analyze whether emissions of power producers regulated under the EU ETS are independent from allowance...
Persistent link: https://www.econbiz.de/10012406224