The seminal studies by Allcott and Mullainathan (2010), Allcott (2011), and Allcott and Rogers (2014) suggest that social comparison-based home energy reports (HER) are a cost-effective non-price intervention to stimulate energy conservation. The present paper demonstrates the context-dependency...

As of May 1, 2014, sellers on the German real estate market are obliged to disclose a house's energy consumption per square meter in their advertisements. The effect of this law has been to substantially increase the transparency of the real estate market. At the same time, the introduction of...

Mit der seit dem 1. Mai 2014 gesetzlich vorgeschriebenen Informationspflicht hat sich der Anteil an Immobilienanzeigen, die den Wärmeenergieverbrauch des zum Verkauf stehenden Hauses veröffentlichen, deutlich erhöht. Gleichzeitig sanken die Angebotspreise für Immobilien mit hohem Verbrauch....

In many countries, the transition process towards a low-carbon economy has been associated with increasing electricity prices. Microeconometric evaluations of the causal impact of electricity price changes on plant-level outcomes are rare, though. By exploiting local randomization induced by...

In Germany, substantial drops in wholesale power prices have become a regular phenomenon. While such price drops have far-reaching implications for the functioning of the power market, their underlying determinants remain poorly understood. To fill this gap, we propose a Markov regime-switching...