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Stochastic contracts and subjective evaluations

Lang, Matthias - 2022

Subjective evaluations are widely used, but call for different contracts from classical moral-hazard settings. Previous … literature shows that contracts require payments to third parties. I show that the (implicit) assumption of deterministic … contracts makes payments to third parties necessary. This paper studies incentive contracts with stochastic compensation, like …

Persistent link: https://www.econbiz.de/10014458796

Innovation in Malmö after the Öresund Bridge

Ejermo, Olof; Hussinger, Katrin; Kalash, Basheer; … - 2021

We analyze the effect of the Öresund Bridge, a combined railway and motorway bridge between Swedish Malmö and the Danish capital Copenhagen, on inventive activity in the region of Malmö. Applying difference-in-difference estimation on individual-level data, our findings suggest that the...

Persistent link: https://www.econbiz.de/10012510372

Consumers' response to price increases : evidence from gasoline markets

Tsanko, Ilona - 2024

Understanding how consumers respond to price increases is key when designing price-related policies. Using microdata on vehicle usage and paid fuel prices, I analyze consumers' response, focusing on three channels of mitigation: distance driven, fuel efficiency, and search. On average, consumers...

Persistent link: https://www.econbiz.de/10014504852

Fueling electrification : the impact of gas prices on hybrid car usage

Grigolon, Laura; Park, Eunseong; Remmy, Kevin - 2024

We use micro-level data on fuel consumption, mileage, and travel mode to study plug-in hybrid drivers’ response to fuel prices. When fuel prices rise, plug-in hybrids reduce fuel consumption more than gasoline and diesel cars. They do not reduce their mileage but increase electric recharging,...

Persistent link: https://www.econbiz.de/10014578158

Can social comparisons and moral appeals increase public transport ridership and decrease car use?

Gessner, Johannes; Habla, Wolfgang; Wagner, Ulrich J. - 2023

In a field experiment with 341 participants, we study whether social comparisons, either in isolation or in combination with a climate-related moral appeal, can change the use of public and car-related transportation. We do so in the context of a mobility budget offered to employees of a large...

Persistent link: https://www.econbiz.de/10014232662

Estimating a consumer demand system of energy, mobility and leisure : a microdata approach for Germany

Beznoska, Martin - 2014

This paper investigates empirically the consumer demand of environmentally relevant goods for Germany, as well as their relationship to the demand for leisure. Higher prices for energy goods like gas, electricity or fuel oil due to higher indirect taxation amongst others may have serious welfare...

Persistent link: https://www.econbiz.de/10010340294

Congestion pricing : a mechanism design approach

Heller, C.-Philipp; Johnen, Johannes; Schmitz, Sebastian - 2015

We study road congestion as a mechanism design problem. In our basic model we analyze the allocation of a set of drivers among two roads, one of which may be congested. An additional driver on the congestible road imposes an externality on the other drivers by increasing their travel time. Each...

Persistent link: https://www.econbiz.de/10011295804

The effects of income and fare variation on the demand for bus transit services in Brazil

Carvalho, Carlos Henrique Ribeiro de; Pereira, Rafael … - 2015

The public policies on mass transit and other economic policies have been unable to avoid increasing mass transit costs and urban bus fares, which places a burden on a majority of the population depending on public transit. This study analyzes the variations in urban bus fares and households...

Persistent link: https://www.econbiz.de/10012055690

Economic regulation and cost-efficiency in Brazilian urban public transport : the case of Belo Horizonte

Gomide, Alexandre de Ávila - 2015

The transport economics literature has indicated that introduction of competition for the market in urban bus services (i.e. by means of competitive bidding) could promote cost-efficiency with low fares and better quality services. Therefore, this paper analyse the main outcomes and the latest...

Persistent link: https://www.econbiz.de/10012023409

Effectiveness and heterogeneous effects of purchase grants for electric vehicles

Haan, Peter; Santonja, Adrián; Zaklan, Aleksandar - 2023

We evaluate German purchase subsidies for battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs) using data on new vehicle registrations in Germany during 2015-2022. We account for confounding time trends and interacting EU-level CO2 standards using neighboring countries...

Persistent link: https://www.econbiz.de/10014227603

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