In a globalised world, the volume of international trade is based on both import and export prices, thereby making a country's economy highly dependent on exchange rates. In order to study exchange rate movements, one frequently exploits the so-called Dornbusch overshooting model. However, the...

Due to the integration of intermittent resources of power generation such as wind and solar, the amount of supplied electricity will exhibit unprecedented fluctuations. Electricity retailers can partially meet the challenge of matching demand and volatile supply by shifting power demand...

In the aftermath of the financial and economic crisis, large shares of working-age individuals in Ireland either did not work or only to a limited extent. As the labour-market recovery gathered pace during 2013, 32% were without employment during the entire year, and a further 14% had weak...

Die Digitalisierung bringt weitreichende Änderungen für Wirtschaft und Gesellschaft mit sich. Vor diesem Hintergrund hat das Bundesministerium für Wirtschaft und Energie als Teil der Umsetzungsstrategie "Digitalisierung gestalten" der Bundesregierung im Dezember 2020 ein Konzeptpapier für...

In a globalized world, the volume of international trade is based on both import and export prices, thereby making a country's economy highly dependent on exchange rates. In order to study exchange rate movements, one frequently exploits the so-called Dornbusch overshooting model. However, the...

Due to the integration of intermittent resources of power generation such as wind and solar, the amount of supplied energy will show unprecedented fluctuations. Electricity retailers can partially meet the challenge of matching demand and volatile supply by shifting power demand according to the...

Successful companies are increasingly those companies that excel in the task of extracting knowledge from data. Tapping the source of Big Data requires powerful algorithms combined with a strong understanding of the data used. One of the key challenges in predictive analytics is the...

The large-scale integration of intermittent resources of power generation leads to unprecedented fluctuations on the supply side. An electricity retailer can tackle these challenges by pursuing strategies of flexible load shifting-so-called demand response mechanisms. This work addresses the...

The European Power Exchange (EPEX) introduced two new products in 2011 and 2014 which reduce the delivery duration of electricity from 1 hour to 15-min intervals. These changes to the market design aim to better reflect the intermittent power generation from renewable energy sources. However,...

Ride-hailing and shared-mobility markets, matching drivers with customers via an APP, have been rising in popularity in recent years, while the emergence of Autonomous Vehicles (AVs) promises to revolutionize urban mobility. In this paper, we research the implications for operators,...