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electricity markets are more flexible. Auctions can facilitate more efficient trading by increasing market liquidity and … implementing a simpler market clearing mechanism to match supply and demand. Moreover, suitably designed auctions can facilitate …
Persistent link: https://www.econbiz.de/10011544854
This study explores how seller reputations affect auction prices, and concludes that earlier findings may be biased due to the misspecification of seller reputation. This paper contributes to the literature by offering significant empirical evidence using Taiwanese Internet auction data. Our...
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We estimate the public wage gap in France for the period 1990-2002, both at the mean and at different quantiles of the wage distribution, for men and women separately. We account for unobserved heterogeneity by using fixed effects estimations on panel data and, departing from usual practice,...
Persistent link: https://www.econbiz.de/10005822485
Despite the remarkable improvement of female labor market characteristics, a sizeable gender wage gap exists in Colombia. We employ quantile regression techniques to examine the degree to which current small differences in the distribution of observable characteristics can explain the gender...
Persistent link: https://www.econbiz.de/10009416802
Using data from a large, multi-country survey, this paper investigates the determinants of preferences for a completely green residential electricity system. Three important questions are addressed: (i) how much are households willing to pay to use only renewable energy? (ii) does...
Persistent link: https://www.econbiz.de/10011019078
Using the recent Wage Structure Survey 2010, this article examines the public-private sector wage gaps in Spain across the whole earnings distribution and the incidence of the gender gap in both sectors of the economy. Firstly, we find that that there is positive wage premium to public sector...
Persistent link: https://www.econbiz.de/10011257709
Most sample selection models assume that the errors are independent of the regressors. Under this assumption, all quantile and mean functions are parallel, which implies that quantile estimators cannot reveal any (per definition non-existing) heterogeneity. However, quantile estimators are...
Persistent link: https://www.econbiz.de/10008874628