Showing 1 - 10 of 132
We study price-setting behavior in German firm-level survey data to infer the relative importance of supply and demand … during the Covid-19 pandemic. Supply and demand forces coexist, but demand shortages dominate in the short run. A reported …
Persistent link: https://www.econbiz.de/10012269464
This paper examines the advantages and drawbacks of alternative methods of estimating oil supply and oil demand … conclusion that the one-month oil supply elasticity is close to zero, which implies that oil demand shocks are the dominant …
Persistent link: https://www.econbiz.de/10012822493
firms undertake investments which benefit the industry in aggregate. The model is consistent with observations from the …
Persistent link: https://www.econbiz.de/10010264075
The stabilisation of GHG atmospheric concentrations at levels expected to prevent dangerous climate change has become an important, global, long-term objective. It is therefore crucial to identify a cost-effective way to achieve this objective. In this paper we use WITCH, a hybrid...
Persistent link: https://www.econbiz.de/10010264276
the current principal prefers her future self to save more, she can increase current investments complementary to future … savings and decrease investments in the strategic substitutes, for example. To characterize the principal's choices they are … benefits from subsidizing investments in green capital (complementary to future savings) and tax investments in substitute …
Persistent link: https://www.econbiz.de/10010328803
and efficiency gains stemming from agreements between firms. …
Persistent link: https://www.econbiz.de/10011698676
This paper examines how beliefs and preferences drive identity-conforming consumption or investments. We introduce a …
Persistent link: https://www.econbiz.de/10014469666
Governments in extraction countries are anxious to estimate expected investment in development projects, since they represent an essential element of the macro economy. The overall level of activity is also crucial to oil companies, since the macro picture affects cost levels, the supplies...
Persistent link: https://www.econbiz.de/10010420694
We estimate by means of indirect inference a structural economic model where firms' exit and investment decisions are the solution to a discrete-continuous dynamic programming problem. In the model the exit probability depends on the current capital stock and a measure of short-run...
Persistent link: https://www.econbiz.de/10010480899
This study examines how the impact of Tradable Green Certificates (TGC) on profitability and investment behavior varies depending on the vertical integration status of regulated firms. Our theoretical model predicts that vertical integration does not lead to higher profits when internal pricing...
Persistent link: https://www.econbiz.de/10014534283