Showing 1 - 10 of 79
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/10010356362
interwoven in the electricity market as the producers of green electricity are also the suppliers of TGCs. In this paper, we … formulate an analytic equilibrium model for simultaneously functioning electricity and TGC markets, and focus on the role of … market power. We consider a Stackelberg leadership model with endogenous treatment of the interaction between the electricity …
Persistent link: https://www.econbiz.de/10011482473
In 2008, the European Commission investigated E.ON, a large and vertically integrated electricity company, for the … divestitures on German wholesale electricity prices. Our identification strategy is based on the observation that energy suppliers … convergence between peak and off-peak prices. Using daily electricity prices for the 2006 - 2012 period and controlling for cost …
Persistent link: https://www.econbiz.de/10011735927
Public pay-as-you-go pensions still form the dominant pillar of old-age provision in Germany. This is in marked contrast to the situation in Anglo-Saxon countries. It has advantages if labour markets are strong, e.g., following a quick recovery from the Great Recession. It has disadvantages, as...
Persistent link: https://www.econbiz.de/10011429583
We consider lifetime health insurance contracts in which ageing provisions are used to smooth the premium profile. The stock of capital accumulated for each individual can be split into two parts: a premium insurance and an annuitised life insurance, where the latter would be transferable...
Persistent link: https://www.econbiz.de/10011404278
countries would have an interest in leaving the international environmental agreement. The simulations show that the transfer …
Persistent link: https://www.econbiz.de/10009781723
We study the interactions between fuel efficiency improvements in the transport sector and the oil market, where the efficiency improvements are policy-induced in certain regions of the world. We are especially interested in feedback mechanisms of fuel efficiency such as the rebound effect,...
Persistent link: https://www.econbiz.de/10011309227
manipulation by large electricity firms during Phase I of the EU ETS. I find that the pattern and extent of firms’ allowance …
Persistent link: https://www.econbiz.de/10010199430
Merger value is frequently evaluated in single market contexts without considering possible gains stemming from firms' multimarket presence. This study concentrates on the question through which channels, and of which magnitude, mergers among multimarket firms create incremental value. We...
Persistent link: https://www.econbiz.de/10011549386
This paper brings together the modern literatures on monopsony power and labor unions by empirically examining the effects of unionization on the dynamics of worker earnings across differently concentrated markets. Exploiting tax reforms to union due deductions as exogenous shocks to...
Persistent link: https://www.econbiz.de/10012745267