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Persistent link: https://www.econbiz.de/10011291860
A fundamental question regarding the design of electricity markets is whether adding auctions to the continuous intraday trading is improving the performance of the market. To approach this question, we assess the experience with the implementation of the 3 pm local auction for quarters in...
Persistent link: https://www.econbiz.de/10011422913
A fundamental question regarding the design of electricity markets is whether adding auctions to the continuous intraday trading is improving the performance of the market. To approach this question, we assess the experience with the implementation of the 3 pm local auction for quarters in...
Persistent link: https://www.econbiz.de/10011421880
Persistent link: https://www.econbiz.de/10011455966
Persistent link: https://www.econbiz.de/10011296999
A fundamental question regarding the design of electricity markets is whether adding auctions to the continuous intraday trading is improving the performance of the market. To approach this question, we assess the experience with the implementation of the 3 pm local auction for quarters in...
Persistent link: https://www.econbiz.de/10013000206
This paper employs quantile panel regression to the study of fuel price elasticities. Contrasting with standard panel approaches, this method reveals the impact of explanatory variables across all points in the conditional distribution of the response variable while controlling for unobserved...
Persistent link: https://www.econbiz.de/10009678324
We provide evidence that motorists respond to short-run fluctuations in fuel prices at the gas pump and not on the road. Employing variants of censored panel regression to control for unobserved heterogeneity and censoring of the dependent variable, we find that the fuel price has a large and...
Persistent link: https://www.econbiz.de/10010292372
Persistent link: https://www.econbiz.de/10010293954
Sample selection models, variants of which are the Heckman and Heckit models, are increasingly used by political scientists to accommodate data in which censoring of the dependent variable raises concerns of sample selectivity bias. Beyond demonstrating several pitfalls in the calculation of...
Persistent link: https://www.econbiz.de/10011386285