The world's first multinational electricity market was formed with the creation of the Nordic power exchange, Nord Pool. We analyze the incentives to undertake transmission network investment in the context of the liberalized Nordic electricity market. Welfare improving investment in a...

We model the process of coalition formation in the 16th German Bundestag as a hedonic coalition formation game. In order to induce players' preferences in the game we apply the Shapley value of the simple game describing all winning coalitions in the Bundestag. Using different stability notions...

Trotz steigender Wirtschaftsleistung hat sich die Lebenszufriedenheit in Deutschland seit Beginn der 90er Jahre nicht erhöht, in Westdeutschland ist sie sogar gesunken. Mehr materieller Wohlstand bedeutet also nicht automatisch mehr Wohlstand im Sinne von Lebensglück. Was aber sind dann die...

Trotz steigender Wirtschaftsleistung hat sich die Lebenszufriedenheit in Deutschland seit Beginn der 90er Jahre nicht erhöht, in Westdeutschland ist sie sogar gesunken. Mehr materieller Wohlstand bedeutet also nicht automatisch mehr Wohlstand im Sinne von Lebensglück. Was aber sind dann die...

Empirical research on the determinants of right and left-wing extremist election successes is still dominated by descriptive statistical methods. The existing literature in political economy and political science mainly relies on interviews and survey results as well as on qualitative analyses...

Economic disruption in East Germany at the time of unification resulted in a noticeable drop in life satisfaction. By the late 1990s East Germany's life satisfaction had recovered to about its 1990 level, and its shortfall relative to West Germany was slightly less than that before unification....

The present study calculates variable, cross-sectional as well as longitudinal equivalence scales on the basis of the German 1984-2010 Socio-Economic Panel (SOEP) database for West Germany. It follows the “individual variant” for calculating subjective equivalence scales using “life...

We present the first attempt to construct a long-run historical measure of subjective wellbeing using language corpora from millions of digitized books for the USA, UK, Germany, France, Italy and Spain. While existing measures go back at most to the 1970s, our measure goes back at least 200...