We derive and empirically apply an input-oriented distance function based on the stochastic ray production function suggested by L¨othgren (1997, 2000). We show that the derived ray-based input distance function is suitable for modeling production technologies based on logarithmic functional...

Analyzing commodity market dynamics, we observe that price volatility increases with reduced contract duration. In this paper, we derive a theoretical model depicting the price formation in two markets with altering product granularity. Supplemented by empirical evidence from German electricity...

Restricted participation in sequential markets may cause high price volatility and welfare losses. In this paper we therefore analyze the drivers of restricted participation in the German intraday auctin which is a short-term electricity market with quarter-hourly products. Applying a...

The overestimation of willingness-to-pay (WTP) in hypothetical responses is a wellknown finding in the literature. Various techniques have been proposed to remove or, at least, reduce this bias. Using responses from a panel of about 6,500 German households on their WTP for a variety of power...

Im Zuge der Energiewende schreitet der Ausbau der alternativen Stromerzeugungsanlagen in Deutschland mit hohem Tempo voran. Damit verbunden sind steigende Umlagen für die Förderung der Erneuerbaren und zunehmende Entgelte für den unvermeidlichen Ausbau der Stromnetze und somit weiter...

This paper presents evidence that the accumulating cost of Germany’s ambitious plan to transform its system of energy provision – the so-called Energiewende – is butting up against consumers’ willingness-to-pay (WTP) for it. Following a descriptive presentation that traces the German...

By using estimates from an Almost Ideal Demand System (AIDS), we investigate how the German energy tax on car fuels changes the private households-CO2 emissions, living standards, and post-tax income distribution. Our results show that the tax implies a trade-off between the aim to reduce...

Discrete-continuous models have become a common technique for addressing selectivity biases in data sets with endogenously partitioned observational units. Alternative two-stage approaches have been suggested by LEE (1983), DUBIN and MCFADDEN (1984), and DAHL (2002), all of which capture the...

Dieser Beitrag präsentiert ausgewählte Ergebnisse einer Erhebung unter mehr als 6 000 privaten Haushalten aus dem Frühjahr 2020 zur Relevanz des Klimawandels und seiner möglichen Auswirkungen und zieht Vergleiche mit vier thematisch ähnlichen Erhebungen aus den Jahren 2012 bis 2015. Trotz...

Dieser Beitrag präsentiert ausgewählte Ergebnisse einer Erhebung unter mehr als 6 000 privaten Haushalten aus dem Frühjahr 2020 zur Relevanz des Klimawandels und seiner möglichen Auswirkungen und zieht Vergleiche mit vier thematisch ähnlichen Erhebungen aus den Jahren 2012 bis 2015. Trotz...