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Aleatoric Democracy
Frey, Bruno S. - 2017
Democracy usually is identified by the right to vote. However, in recent times voting procedures have been criticized, as they seemingly do not guarantee that all parts of the population have an adequate voice in the established political process. We suggest invigorating an old but nearly...
Persistent link: https://www.econbiz.de/10012964771
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Efficiency and Environmental Impacts of Electricity Restructuring on Coal-Fired Power Plants
Chan, H. Ron; Fell, Harrison; Lange, Ian A.; Li, Shanjun - CESifo - 2013
We investigate the impacts of electricity market restructuring on fuel efficiency, utilization and, new to this area …, cost of coal purchases among coal-fired power plants using a panel data set from 1991 to 2005. Our study focuses … without. Our analysis finds that restructuring led to: (1) a two percent improvement in fuel efficiency for IOs, (2) a ten …
Persistent link: https://www.econbiz.de/10010631776
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Market Liberalization in the European Natural Gas Market - The Importance of Capacity Constraints and Efficiency Differences
Brakman, Steven; van Marrewijk, Charles; van … - 2021
efficient firms are active. This is likely to lead to price increases, rather than decreases …
Persistent link: https://www.econbiz.de/10013316347
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Inefficient Lock-In and Subsidy Competition
Borck, Rainald - 2009
This paper shows that subsidy competition may be efficiency enhancing. We model a subsidy game among two asymmetric …
Persistent link: https://www.econbiz.de/10012764278
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Die Another Day : Duration in German Import Trade
Nitsch, Volker - 2007
International trade patterns at the product level are surprisingly dynamic. The majority of trade relationships exist … at the 8-digit product level from 1995 to 2005. I find that survival probabilities are affected by exporter … characteristics, product type and market structure. Specifically, I show that the duration of exporting a product to Germany is longer …
Persistent link: https://www.econbiz.de/10012776021
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Die Another Day: Duration in German Import Trade
Nitsch, Volker - CESifo - 2007
International trade patterns at the product level are surprisingly dynamic. The majority of trade relationships exist … at the 8-digit product level from 1995 to 2005. I find that survival probabilities are affected by exporter … characteristics, product type and market structure. Specifically, I show that the duration of exporting a product to Germany is longer …
Persistent link: https://www.econbiz.de/10005094351
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Flexible Contracts
Gottardi, Piero - 2012
This paper studies the costs and benefits of delegating decisions to superiorly informed agents relative to the use of rigid, non discretionary contracts. Delegation grants some flexibility in the choice of the action by the agent, but also requires the use of an appropriate incentive contract...
Persistent link: https://www.econbiz.de/10013116425
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Cutting Costs of Catching Carbon - Intertemporal Effects Under Imperfect Climate Policy
Hoel, Michael - 2015
We use a two-period model to investigate intertemporal effects of cost reductions in climate change mitigation … technologies for the power sector. With imperfect climate policies, cost reductions related to carbon capture and storage (CCS) may … be more desirable than com-parable cost reductions related to renewable energy. The finding rests on the incentives …
Persistent link: https://www.econbiz.de/10013038364
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Reciprocity Networks and the Participation Problem
Dufwenberg, Martin - 2014
interaction of reciprocity with cost-sharing is critical. Neither cost-sharing nor reciprocity in isolation can solve the problem …
Persistent link: https://www.econbiz.de/10013049219
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Cost Sharing in Collective Contests
Nitzan, Shmuel - 2014
This paper studies collective contests with endogenous cost sharing, general effort costs and intra-group heterogeneity … of prize-valuation. Our objective is to clarify the relationship between cost sharing, intra-group heterogeneity within … the competing groups and the elasticity of the marginal cost of effort incurred by the individual contestants. We also …
Persistent link: https://www.econbiz.de/10013051619