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become richer, smaller and older. How do these changes impact household water and electricity demands? This paper answers the … per capita water and electricity consumptions by more than 20% for one fewer family member. Households with more women in … electricity consumptions increase in hotter or drier months. Smaller households are more sensitive to weather variabilities by …
Persistent link: https://www.econbiz.de/10010892131
This paper provides an analysis of the link between the global market for crude oil and oil futures risk premium at the aggregate level. It offers empirical evidence on whether the compensation for risk required by the speculators depends on the type of the structural shock of interest....
Persistent link: https://www.econbiz.de/10011816764
In this work, we propose an analysis of the global market for crude oil based on a revised version of the Structural Vector Autoregressive (SVAR) model introduced by Kilian and Murphy (2014). On this respect, we replace the global proxy for above-ground crude oil inventories with the oil...
Persistent link: https://www.econbiz.de/10011816767
Following four years of relative stability at around $105 per barrel, oil prices have declined sharply since June 2014. This paper presents a comprehensive analysis of the sources of the recent decline in prices, and examines its macroeconomic, financial and policy implications. The recent drop...
Persistent link: https://www.econbiz.de/10011440121
We conduct a large scale randomized field experiment to study whether providing recipients - 42,454 Chinese households … exceeding the average monthly salary of a household. Besides providing nominal cost information, we conduct two additional …
Persistent link: https://www.econbiz.de/10012490105
It has long been recognized that there is considerable heterogeneity in individual risk taking behavior but little is …
Persistent link: https://www.econbiz.de/10014207351
This study applies financial portfolio theory to determine efficient electricity-generating technology portfolios for … the United States and Switzerland, adopting an investor point of view. Expected returns are defined by the rate of …, and Solar in the case of Switzerland, a country without domestic supplies of fossil fuels. Since shocks in generation …
Persistent link: https://www.econbiz.de/10010315486
This paper examines the predictive power of weather for electricity prices in day-ahead markets in real time. We find … that next-day weather forecasts improve the forecast accuracy of day-ahead electricity prices substantially, suggesting … electricity prices can be further exploited by allowing for non-linear effects of the weather forecasts. …
Persistent link: https://www.econbiz.de/10012143688
This paper contributes to the ongoing discussion on price formation in electricity markets. For this, we conduct an … analysis of the German electricity wholesale spot market which is located at the European Energy Exchange (EEX). Our dataset …
Persistent link: https://www.econbiz.de/10005870222
The mechanism behind price formation in electricity futures markets is still under discussion. Theory suggests that … discussion through an empirical investigation of electricity futures for delivery in Germany traded at the European Energy …
Persistent link: https://www.econbiz.de/10005870235