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 …

Philosophers, psychologists, and economists have long argued that certain decision rights carry not only instrumental … – at least partly – from an assumed positive intrinsic value of decision rights. Proving the existence of this value and … reveal that – across different parameterizations – the large majority of our subjects intrinsically value decision rights …

heterogeneity. Ex-ante profit expectations result in faster adoption; both expected price and market size increase the probability …Generic competition in the pharmaceutical market is an effective cost-containment mechanism that improves static … efficiency and stimulates pharmaceutical innovation. There is no prior study that has empirically analysed the relative delays in …

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 …

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 …

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 …