I investigate if, how, and why the effect of a non-deterrent contribution rule in a public goods game depends on how it is implemented: endogenously chosen or externally imposed. At the aggregate level, my…
In the aftermath of natural disasters, governments frequently provide financial aid for affected households. This policy can have adverse effects if individuals anticipate it and forgo private precaution…
This paper empirically analyzes the existence of market power in the global iron ore market during the period from 1993 to 2012. Using an innovative Stochastic Frontier Analysis (SFA) approach, we…
The addition of stochastic renewable resources within modern electricity markets creates a need for more flexible generation assets and for appropriate mechanisms to ensure capacity adequacy. To assess…
Collaborating under the Swiss Energy Modeling Platform (SEMP), five modeling teams (employing an energy systems model and four macroeconomic models with a focus on energy) have carried out a multi-model…
Mitigating climate change will require integrating large amounts of highly intermittent renewable energy (RE) sources in future electricity markets. Considerable uncertainties exist about the cost and…
This paper exploits the exogeneity of weather conditions to evaluate renewable energy (RE) subsidies in Germany and Spain in terms of their short-run direct program costs for reducing carbon dioxide…