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Changing electricity markets : quantifying the price effects of greening the energy matrix
Kohlscheen, Emanuel; Moessner, Richhild - 2022 - Original Version: June 2022, this version: July 2022
We analyse the drivers of European Power Exchange (EPEX) retail electricity prices between 2012 and early 2022 using machine learning. The agnostic random forest approach that we use is able to reduce in-sample root mean square errors (RMSEs) by around 50% when compared to a standard linear...
Persistent link: https://www.econbiz.de/10013262773
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An offer you can't refuse? : incentives change what we believe
Ambuehl, Sandro - 2017
Much of economics assumes that higher incentives increase participation in a transaction only because they exceed more … costly, higher incentives also change reservation prices to further increase participation. A higher incentive makes people …. Hence, incentives change not only what people choose, but also what they believe their choices entail. This result informs …
Persistent link: https://www.econbiz.de/10011588031
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Speculative fever : investor contagion in the housing bubble
Bayer, Patrick J.; Mangum, Kyle; Roberts, James W. - 2016
Historical anecdotes of new investors being drawn into a booming asset market, only to suffer when the market turns, abound. While the role of investor contagion in asset bubbles has been explored extensively in the theoretical literature, causal empirical evidence on the topic is virtually...
Persistent link: https://www.econbiz.de/10011524199
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The effect of consumers' expectations in a booming housing market
Rouwendal, Jan; Longhi, Simonetta - 2007 - This version: September 26, 2007
Even though economic models have been relatively successful in explaining the long run patterns of house prices, they have more difficulties in explaining short run developments of the housing markets. However, the fact that during such ‘bubbles’ the spatial pattern of house prices, which...
Persistent link: https://www.econbiz.de/10011372973
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Correlation neglect in belief formation
Enke, Benjamin; Zimmermann, Florian - 2013
Many information structures generate correlated rather than mutually independent signals, the news media being a prime example. This paper shows experimentally that in such context many people neglect these correlations in the updating process and treat correlated information as independent. In...
Persistent link: https://www.econbiz.de/10009748615
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Correlation neglect in belief formation
Enke, Benjamin; Zimmermann, Florian - 2013
Many information structures generate correlated rather than mutually independent signals, the news media being a prime example. This paper shows experimentally that in such contexts many people neglect these correlations in the updating process and treat correlated information as independent. In...
Persistent link: https://www.econbiz.de/10009740017
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Correlation neglect in belief formation
Enke, Benjamin; Zimmermann, Florian - 2013
Many information structures generate correlated rather than mutually independent signals, the news media being a prime example. This paper shows experimentally that in such contexts many people neglect these correlations in the updating process and treat correlated information as independent. In...
Persistent link: https://www.econbiz.de/10010211474
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Bet against the trend and cash in profits
Almeida Ramos, Raquel; Bassi, Federico; Lang, Dany - 2020
This paper intends to contribute to the theoretical literature on the determinants of exchange rate fluctuations. We build an agent-based model, based on behavioral assumptions inspired by the literature on behavioral finance and by empirical surveys about the behavior of foreign exchange...
Persistent link: https://www.econbiz.de/10012292860
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Reflection on the implementation of Decision on Implementation of Article 66.2 of the TRIPS Agreement : incentive for technology transfer to least-developed countries
Weelde, Jessyca van; Wu, Xiaoping; Chiang, Ting-Wei (Alex) - 2023 - Manuscript date: 13 December 2023
transfer and dissemination of technology. Article 66.2 specifically obligates developed country Members to provide incentives … agriculture and food; environment and climate change; information and communication technology (ICT); public health and … survey of LDC Members which identified as priority areas for technology transfer as agriculture and food; environment and …
Persistent link: https://www.econbiz.de/10014442687
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Agriculture, pesticides and the ecosystem
Pethig, Rüdiger - 2001
Economists have a good understanding of intra-economic interdependence and a mature methodology of modeling it. Ecologists focus on the complex and sensitive interactions of species in ecosystems. This paper's objective is to suggest a new micro-foundation of ecosystem analysis based on economic...
Persistent link: https://www.econbiz.de/10011525415