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I extend multi-unit auction estimation techniques to a setting in which firms can express cost complementarities over … time. In the context of electricity markets, I show how the auction structure and bidding data can be used to estimate …
Persistent link: https://www.econbiz.de/10013052093
Did the financial crisis spread from distressed banks to households through a contraction of the credit supply? We …
Persistent link: https://www.econbiz.de/10013010472
In the UK, the largest proportion of household energy use is for space heating. Popular media make claims of a green … Household Panel Survey. Results find that environmentally friendly attitudes generally do not lead to lower heating expenditures …
Persistent link: https://www.econbiz.de/10013315901
We estimate the long-run effect of a uniform carbon tax on energy consumption by using a new and unique dataset in which effective tax rates of OECD countries are calculated in terms of carbon dioxide emissions. The effective tax rates account for the widely discussed tax deductions for specific...
Persistent link: https://www.econbiz.de/10012984745
We investigate the impacts of electricity market restructuring on fuel efficiency, utilization and, new to this area … estimation compares how investor-owned (IOs) plants in states with restructuring changed their behavior relative to IOs in states …
Persistent link: https://www.econbiz.de/10013084009
We extend existing theoretical frameworks describing electricity markets where each generator provides a Market …
Persistent link: https://www.econbiz.de/10012927098
We use sizeable lottery prizes in Norwegian administrative panel data to characterize households' marginal propensities … to consume (MPCs). Our main contribution is to document how MPCs vary with household characteristics and prize size, and … normal within 5 years. Controlling for all items on households' balance sheets and characteristics such as education and …
Persistent link: https://www.econbiz.de/10012898430
Although the number of immigrant households in the Netherlands is substantial, the labor supply choices of this group … are usually neglected in empirical studies because these households are usually under-sampled. We use a stratified sample … of Turkish, Surinamese/Antillean and Dutch households that enables us to discuss how two-earner households allocate their …
Persistent link: https://www.econbiz.de/10012774044
banks for each request. We show that households typically are not prudent risk managers but prioritize the minimization of … literature whereby fixation periods are determined entirely by households …
Persistent link: https://www.econbiz.de/10012946926
The Hamilton method for estimating CPI bias is simple, intuitive, and has been widely adopted. We show that the method confiates CPI bias with variation in cost-of-living across income levels. Assuming a single price index across the income distribution is inconsistent with the downward sloping...
Persistent link: https://www.econbiz.de/10012922658