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TSO coordination and strategic behaviour : a game theoretical and simulation model study based on the German electricity grid
Flachsbarth, Franziska; Pechan, Anna; Palovic, Martin; … - 2024
The electricity grid includes multiple network areas managed by different operators, with transmission system operators (TSOs) handling high-voltage areas and distribution system operators managing midto low-voltage areas. These areas are interconnected and synchronized, creating classical...
Persistent link: https://www.econbiz.de/10014584657
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Fiscal Policy Rules for Stabilisation and Growth : A Simulation Analysis of Deficit and Expenditure Targets in a Monetary Union
Brück, Tilman; Zwiener, Rudolf - 2004
We analyse the effectiveness of fiscal policy rules for business cycle stabilisation in a monetary union using a quarterly macro-econometric model of Germany. The simulations compare a deficit target and an expenditure target under a range of supply, demand and fiscal shocks. Their effects are...
Persistent link: https://www.econbiz.de/10010260720
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Standard and Shuffled Halton Sequences in a Mixed Logit Model
Staus, Alexander - 2008
. Simulation methods have been developed to approximate a solution for these integrals. This paper describes the Standard Halton … sequence and a modification of it, the Shuffled Halton sequence. Both are simulation methods which can reduce computational … effort compared to a random sequence. We compare the simulation methods in their coverage of the multi-dimensional area and …
Persistent link: https://www.econbiz.de/10011375025
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An estimation of worker and firm effects with censored data
González de San Román, Ainara; Rebollo-Sanz, Yolanda F. - 2014
In this paper, the authors develop a new estimation method that is suitable for censored models with two high-dimensional fixed effects and that is based on a sequence of least squares regressions, yielding significant savings in computing time and hence making it applicable to frameworks in...
Persistent link: https://www.econbiz.de/10010373786
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Standard and shuffled Halton sequences in a mixed logit model
Staus, Alexander - 2008
. Simulation methods have been developed to approximate a solution for these integrals. This paper describes the Standard Halton … sequence and a modification of it, the Shuffled Halton sequence. Both are simulation methods which can reduce computational … effort compared to a random sequence. We compare the simulation methods in their coverage of the multi-dimensional area and …
Persistent link: https://www.econbiz.de/10011342045
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Spurious middlemen in corrupt transactions
Bayar, Güzin - 2014
To solve the corruption problem, its root causes should first be diagnosed and factors supporting it should be determined. One of the important facilitators of corrupt transactions are intermediaries, who make corrupt dealings less risky, thereby increasing corruption. Even worse, there are...
Persistent link: https://www.econbiz.de/10010365119
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Product innovation and product innovation marketing : theory and microeconometric evidence
Kaiser, Ulrich - 2001
This paper derives a three stage Cournot-oligopoly game for product innovation, expenditure on introducing the product and competition on the product market. Product innovation is assumed to increase consumer utility but is effective only if the innovating firm invests in marketing, so that...
Persistent link: https://www.econbiz.de/10011446211
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Low price equilibrium in multi-unit auctions : the GSM spectrum auction in Germany
Grimm, Veronika; Riedel, Frank; Wolfstetter, Elmar - 2001
The second-generation GSM spectrum auction in Germany is probably the most clear cut example of a low price outcome in a simultaneous ascending-bid auction.The present paper gives an account of the events, describes the auction rules and market conditions, and provides a theoretical explanation...
Persistent link: https://www.econbiz.de/10011399147
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The third generation (UMTS) spectrum auction in Germany
Grimm, Veronika; Riedel, Frank; Wolfstetter, Elmar - 2001
The third generation UMTS auction in Germany raised an enormous amount of revenue, and at the same time achieved a more competitive market structure than other UMTS auctions in Europe. The present paper explains the design of that auction, and presents a game theoretic explanation of observed...
Persistent link: https://www.econbiz.de/10011400807
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Computing alternating offers and water prices in bilateral river basin management
Houba, Harold - 2006
This contribution deals with the fundamental critique in Dinar et al. (1992, Theory and Decision 32) on the use of Game theory in water management: People are reluctant to monetary transfers unrelated to water prices and game theoretic solutions impose a computational burden. For the bilateral...
Persistent link: https://www.econbiz.de/10011349708