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Households' self-selection of a dynamic electricity tariff
Discussion Papers no. 446
Offering electricity consumers time-differentiated tariffs may increase demand responsiveness, thereby reducing peak consumption. However, one concern is that time-differentiated tariffs may also attract consumers who benefit because of t...
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Russian natural gas exports to Europe
Discussion Papers no. 445
Gazprom, the dominant gas company in Russia, is widely believed to be the key supplier of gas to Europe in the foreseeable future. However, there are numerous uncertainties and challenges within the Russian and European gas industry that ...
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A behavioral model of work-trip mode choice in Shanghai
Discussion Papers no. 444
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A behavioral model of work-trip mode choice in Shanghai
Discussion Papers no. 444
This paper analyzes travelers' choice behavior by using data from a stated preference survey on work-trip mode choice in Shanghai. Several versions of a multinomial choice model are specified and estimated. According to the estimation res...
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Unit roots, polynomial transformations and the Environmental Kuznets Curve
Discussion Papers no. 443
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Unit roots, polynomial transformations and the Environmental Kuznets Curve
Discussion Papers no. 443
Time-series regressions including non-linear transformations of an integrated variable are not uncommon in various fields of economics. In particular, within the Environmental Kuznets Curve (EKC) literature, where the effect on the enviro...
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Exit dynamics with adjustment costs
Discussion Papers no. 442
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Lumpy investments, factor adjustments and productivity
Discussion Papers no. 441
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Exit dynamics with adjustment costs
Discussion Papers no. 442
We use the Stock and Wise approximation of stochastic dynamic programming in order to identify the extent to which profitability can explain exit behavior. In our econometric model, heterogeneous firms engage in Bertrand (price) competiti...
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Lumpy investments, factor adjustments and productivity
Discussion Papers no. 441
This paper describes firms' output and factor demand before, during and after episodes of lumpy investments using a rich employer-employee panel data set for two manufacturing industries and one service industry. We focus on the simultane...
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Profitability of different instruments in international climate policie
Discussion Papers no. 403
This article discusses how different climate policy instruments such as CO2 taxes and renewable energy subsidies affect the profitability of fossil fuel production, given that a fixed global climate target shall be achieved in the long te...
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A prediction approach to sampling design
Discussion Papers no. 440
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A prediction approach to sampling design
Discussion Papers no. 440
Standard approaches to sample surveys take as the point of departure the estimation of one or several population totals (or means), or a few predefined sub-totals (or sub-means). While the model-based prediction approach provides an attra...
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The relationship between altruism and equal sharing
Discussion Papers no. 439
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The relationship between altruism and equal sharing
Discussion Papers no. 439
Several studies reject the implications of the altruism model. In this study it is argued that parents who transfer resources to their children both are altruistic and influenced by an equal division fairness norm. Under such motives, the...
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