We estimate the elasticity of corporate taxable income with respect to the effective corporate tax rate on the basis of … significant and relatively large point estimate of the average tax base elasticity, which implies that a reduction of the … also find some statistically weak evidence for the hypothesis that the tax base elasticity is higher for corporations that …

of tax return data, as commonly done in the literature, results in a significant bias of the elasticity away from zero …

separately, according to their potential earnings rather than gender. Our results show an average participation elasticity of 0 …

In this paper we investigate natural gas producer's reactions to changes in market prices. We estimate price … are not able to react to prices in the very short-run but respond inelastic in the long-run. These findings are not only …

planning of generators and cannot not be fully diminished by wind forecasts. In this paper we develop a stochastic electricity … market model to analyze the impact of uncertain wind generation on the different electricity markets as well as network … of the electricity markets is incorporated by a rolling planning procedure reflecting the market regime of European …

Electricity storage plants can be used for many applications, with one of the most studied applications being arbitrage … effect of (dis)charge actions on prices, as arbitrage generally reduces price spreads by increasing off-peak prices when … charging and decreasing peak prices when discharging. As such, there are two important assumptions in price-based unit …

In this paper, we develop the game-theoretic electricity market model ElStorM that includes the possibility of … strategic electricity storage. We apply the model to the German electricity market and analyze different realistic and …, depending on policy objectives. We also find that the introduction of electricity storage generally increases overall welfare …

This article proposes a new electricity storage business model based on multiple simultaneously considered revenue … streams, which can be attributed to different market activities and players. These players thus share electricity storage …

The German decision to finally phase-out nuclear electricity has led to a debate on its effects on electricity prices …, emission prices in the European emission trading system, as well as on international electricity trade. We investigate these … phase-out on electricity and emission prices. Under a tight system, however, investments in conventional generation are …