Discounting future costs and benefits is a crucial yet contentious practice in the appraisal of long-term public projects with environmental consequences. The standard approach typically neglects that ecosystem services are not easily substitutable with manufactured goods and often exhibit...

Guarantee banks backed by the state aim to close the gap in the financing of small and medium-sized enterprises or start-ups caused by lacking collateral or equity and high information asymmetry. The present study quantifies the economic and fiscal net benefits of guarantee banks in the new...

Nodal pricing has emerged from a theoretical approach to a practicable and efficient tool for network and congestion mangement. Experiences from North America and New Zealand have proven nodal pricing to be workable without serious technical problems. Continental European electricity grids like...

This paper compares the results of different pricing systems in the German electricity sector. In particular,we compare a competitive nodal pricing approach to a cost minimization scenario under a uniform price. The model also simulates the effects of increasing offshore wind energy in the North...

Tradable black (CO2) and green (renewables) quotas gain in popularity and stringency within climate policies of many OECD countries. The overlapping regulation through both instruments, however, may have important adverse economic implications. Based on stylized theoretical analysis and...

Policies toward the diffusion of Electric Vehicles received a lot of attention in the latest years in many developed countries. However evaluation of such policies is still incipient and consistent assessment tools are necessary to avoid that policies are flawed or based on ungrounded a priori....

COVID-19 führt seit zwei Jahren weltweit zu schweren Erkrankungen, Todesfällen und drastischen Gegenmaßnahmen. Mit sehr schnell entwickelten Impfstoffen haben sich viele Menschen in Deutschland impfen lassen. Zur weiteren Erhöhung der Impfquote wird über eine zuvor ausgeschlossene...

The reliability of the electricity grid is of vital significance for the proper functioning of a society and its economy. The aim of this study is to develop a methodology to quantify differences in the electricity distribution grid's economic importance, and investigate limitations for its...