Title:Impact of Renewables Deployment on the CO2 Price and the CO2 Emissions in the European Electricity Sector
Author(s):VAN DEN BERGH, Kenneth; DELARUE, Erik; D'HAESELEER, WilliamDate:2012Type of Publication:Working PaperSeries/Report no.:EUI RSCASAbstract:As of 2005, electricity generators in Europe operate under the European Union Emission Trading System (EU ETS). At the same time, European Member States have launched support mechanisms to stimulate the deployment of ...
Title:Regulating Future Offshore Grids: Economic impact analysis on wind parks and transmission system operators
Author(s):KITZING, Lena; SCHRÖDER, Sascha T.Date:2012Type of Publication:Working PaperSeries/Report no.:EUI RSCASAbstract:The increasing development of offshore wind parks in the European offshore territory may lead to meshed offshore grids in which each wind park might be connected to several countries. Such offshore grids could be subject ...
Title:Two Concepts of Religious Freedom in the European Court of Human Rights
Author(s):BHUTA, NehalDate:2012Type of Publication:Working PaperSeries/Report no.:EUI LAWAbstract:This paper considers the way in which recent historical work on the history of freedom of religion and freedom of conscience opens up a new interpretation of the decisions of the European Court of Human Rights in the ...
Title:Measuring Stateness, Ranking Political Orders: Indexes of state fragility and state failure
Author(s):BHUTA, NehalDate:2012Type of Publication:Working PaperSeries/Report no.:EUI LAWAbstract:This paper examines two indexes of state failure and state fragility. It considers the wider historical context for the emergence of interest in state failure and state fragility, and examines attempts to define the concepts. ...
Title:WIPO and the Public-Private Web of Global Intellectual Property Governance
Author(s):WECHSLER, AndreaDate:2012Type of Publication:Working PaperSeries/Report no.:EUI MWPAbstract:The World Intellectual Property Organization (WIPO) has always been recognized as an important international economic institution for the global governance of intellectual property (IP) law. Moreover, its role in promoting, ...
Title:The Handling of Insolvency within Trans-European Contractual Networks: Legal issues and possible solutions
Author(s):GIANI, LeonardoDate:2012Type of Publication:Working PaperSeries/Report no.:EUI MWPAbstract:This paper tries to identify some tools which, in case of insolvency, might prove to be effective in order to take care of the specificities which characterise inter-firm contractual networks. To summarise, this paper is ...
Title:The Impact of the Economic Crisis on the Western Balkans and their EU Accession Prospects
Author(s):PANAGIOTOU, RitsaDate:2012Type of Publication:Working PaperSeries/Report no.:EUI RSCASAbstract:The European Union’s enlargement towards the Western Balkans may be facing its most difficult challenge since its launch in Zagreb in 2000. The prospect of Balkan enlargement has been hard-hit by the deterioration of the ...
Title:Market Design with Wind: Managing low-predictability in intraday markets
Author(s):HENRIOT, ArthurDate:2012Type of Publication:Working PaperSeries/Report no.:EUI RSCASAbstract:This paper evaluates the benefits for wind power producers to trade in the intraday electricity markets in a context of massive penetration of intermittent renewables. Using a simple analytical model we find out that there ...
Title:Sovereign Immunity and the Enforcement of International Cultural Property Law
Author(s):PAVONI, RiccardoDate:2012Type of Publication:Working PaperSeries/Report no.:EUI LAWAbstract:The present paper examines the intersection of the law of State immunity and cultural property issues. The primary interest in undertaking this investigation lies in the fact that, while immunity from seizure and other ...
Title:Strategic Bidding in Multi-unit Auctions with Capacity Constrained Bidders: The New York capacity market
Author(s):SCHWENEN, SebastianDate:2012Type of Publication:Working PaperSeries/Report no.:EUI RSCASAbstract:This paper employs a simple model to describe bidding behavior in multi-unit uniform price procurement auctions when firms are capacity constrained. Using data from the New York City capacity auctions, I find that capacity ...
Title:Impact on Reserves and Energy Delivery of Current UC-based Market-Clearing Formulations
Author(s):MORALES-ESPAÑA, German; GARCÍA-GONZÁLEZ, Javier; RAMOS, AndrésDate:2012Type of Publication:Working PaperSeries/Report no.:EUI RSCASAbstract:Reserves are playing each time a more important role due to the massive penetration of renewable energy sources nowadays. Operating reserves must be used for unforeseen events. All predictable events must be directly ...
Title:A Citizen-Editors Model of News Media
Author(s):SOBBRIO, FrancescoDate:2012Type of Publication:Working PaperSeries/Report no.:EUI RSCASAbstract:This paper provides a model of the market for news where profit-maximizing media outlets choose their editors from a population of rational citizens. The analysis identifies a novel mechanism of media bias: the bias in a ...
Title:A Self-Sufficient European Private Law – A Viable Concept?
Author(s):MICKLITZ, Hans-Wolfgang; SVETIEV, YaneDate:2012Type of Publication:Working PaperSeries/Report no.:EUI LAWAbstract:This working paper collects the contributions to the first external workshop within the ERPL project that took place on 4 and 5 May 2012 at the EUI. The workshop aimed to clarify the key parameters to be used for analysing ...
Title:Choosing between the UN and OECD Tax Policy Models: An African case study
Author(s):DAURER, Veronika; KREVER, RichardDate:2012Type of Publication:Working PaperSeries/Report no.:EUI RSCASAbstract:Almost all the world's tax treaties are based on precedents found in an OECD model tax convention or a UN model tax convention. Both model divide taxing rights on cross-border investment and business activities. The OECD ...
Title:Exponential GARCH Modeling with Realized Measures of Volatility
Author(s):HANSEN, Peter Reinhard; HUANG, ZhuoDate:2012Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:We introduce the Realized Exponential GARCH model that can utilize multiple realized volatility measures for the modeling of a return series. The model specifies the dynamic properties of both returns and realized measures, ...
Title:Social Networks and the Process of “Globalization”
Author(s):DUERNECKER, Georg; VEGA-REDONDO, FernandoDate:2012Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:We propose a stylised dynamic model to understand the role of social networks in the phenomenon we call “globalization.” This term refers to the process by which even agents who are geographically far apart come to interact, ...
Title:Social Origins and Inequality in Educational Returns in the Labour Market in Spain
Author(s):BERNARDI, FabrizioDate:2012Type of Publication:Working PaperSeries/Report no.:EUI SPSAbstract:This paper addresses four descriptive research questions. First, is there a direct effect of social background on labour market success over and above the effect of own education? Second, has this effect declined over time? ...
Title:With Strings Attached: Grandparent-provided child care, fertility, and female labour market outcomes
Author(s):GARCIA-MORAN, Eva; KUEHN, ZoeDate:2012Type of Publication:Working PaperSeries/Report no.:EUI MWPAbstract:Grandparents are regular providers of free child care. Similar to any other form of child care, availability of grandparent-provided child care affects fertility and labor market decisions of women positively. We find that ...