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Which Households Respond to Electricity Peak Pricing Amid High Levels of Electrification?
Garnache, Cloé; Hernæs, Øystein; Imenes, Anders Gravir - 2022
We examine heterogeneity in Norwegian households’ price responses to critical peak pricing (CPP) on electricity consumption, using a large-scale randomized controlled trial (RCT), high-frequency electricity data, and default enrollment. Increasing the grid transmission charge by 4,067%...
Persistent link: https://www.econbiz.de/10013293279
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Changing Electricity Markets : Quantifying the Price Effects of Greening the Energy Matrix
Kohlscheen, Emanuel; Moessner, Richhild - 2022
We analyse the drivers of European Power Exchange (EPEX) wholesale electricity prices between 2012 and early 2022 using machine learning. The agnostic random forest approach that we use is able to reduce in-sample root mean square errors (RMSEs) by around 50% when compared to a standard linear...
Persistent link: https://www.econbiz.de/10014081588
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Relational Collusion in the Colombian Electricity Market
Bernasconi, Mario; Espinosa, Miguel; Macchiavello, Rocco; … - 2023
Under collusion, firms deviate from current profit maximization in anticipation of future rewards. As current profit maximization places little restrictions on firms’ pricing behaviour, collusive conduct is hard to infer. We show that bids from certain firms in the Colombian wholesale...
Persistent link: https://www.econbiz.de/10014357630
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Incomplete contracts and the impact of globalization on consumer welfare
Defever, Fabrice - 2011
We embed a North-South trade model into an incomplete contracts setting where the production of heterogeneous firms can be geographically separated. When a Northern headquarter contracts with a Southern supplier instead of a Northern supplier, the presence of international incomplete contracts...
Persistent link: https://www.econbiz.de/10010274807
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The consumption value of higher education
Alstadsæter, Annette; Sievertsen, Hans Henrik - 2009
The consumption value of higher education is an important factor behind the individual’s educational choice. We provide a comprehensive literature survey, and define the consumption value as the private, intended, non-pecuniary return to higher education. We provide new empirical evidence for...
Persistent link: https://www.econbiz.de/10010266028
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The Welfare Effects of Mobile Internet Access - Evidence from Roam-Like-at-Home
Quinn, Martin; de Matos, Miguel Godinho; Peukert, Christian - 2022
We evaluate the welfare effects of the Roam-Like-At-Home regulation, which drastically re-duced the price of accessing the mobile internet for EU residents when traveling abroad in the European Economic Area. Estimates from individual-level usage data suggest that consumer surplus increased by...
Persistent link: https://www.econbiz.de/10013177646
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Competition and Mergers with Strategic Data Intermediaries
Bounie, David; Dubus, Antoine; Waelbroeck, Patrick - 2021
We analyze competition between data intermediaries collecting information on consumers, which they sell to firms for price discrimination purposes. We show that competition between data intermediaries benefits consumers by increasing competition between firms, and by reducing the amount of...
Persistent link: https://www.econbiz.de/10012658045
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Market Power of the Input Supplier, Technology Transfer and Consumer Welfare
Cao, Jiyun; Mukherjee, Arijit - 2014
It is believed that market power of the input supplier, charging a linear price, is detrimental for the consumers since it creates the double marginalisation problem. We show that this view may not be true if the final goods producers can adopt strategies to reduce rent extraction by the input...
Persistent link: https://www.econbiz.de/10010435742
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A General Theory of Price and Quantity Aggregation and Welfare Measurement
Hillinger, Claude - 2002
The paper presents a general theory of the aggregation of prices and quantities that unifies the field and relates … topics that in the past have been treated separately and unsatisfactorily, or not at all. The theory does without the common … the theory lead to Törnqvist indexes defined on the appropriate data set. A numerical example confirms that in the non …
Persistent link: https://www.econbiz.de/10010315615
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Impatience and Uncertainty : Experimental Decisions Predict Adolescents' Field Behavior
Sutter, Matthias - 2011
We study risk attitudes, ambiguity attitudes, and time preferences of 661 children and adolescents, aged ten to eighteen years, in an incentivized experiment and relate experimental choices to field behavior. Experimental measures of impatience are found to be significant predictors of...
Persistent link: https://www.econbiz.de/10013118350