Title:European networking and training for national competition enforcers (ENTRANCE 2011) : selected case notes
Author(s):MONTI, Giorgio; PARCU, Pier LuigiDate:2013Type of Publication:Working PaperSeries/Report no.:EUI RSCASAbstract:The working paper includes a collection of the case notes written by the national judges who attended the European Networking and Training for National Competition Enforcers (ENTRANCE 2011). The training program was organized ...
Title:A Model for Ordinal Responses with an Application to Policy Interest Rate
Author(s):SIRCHENKO, AndreiDate:2012Type of Publication:Working PaperSeries/Report no.:Economics Education and Research Consortium (EERC) Working PapersAbstract:The decisions to reduce, leave unchanged, or increase (the price, rating, policy interest rate, etc.) are often characterized by abundant no-change outcomes that are generated by different processes. Moreover, the positive ...
Title:L’Union européenne en crise face au dogme de l’efficience des marchés financiers
Author(s):PRÜM, AndréDate:2013Type of Publication:Working PaperSeries/Report no.:EUI RSCASAbstract:The European Union crisis responses and the Efficient Capital Markets Hypothesis (ECMH) :
The hypothesis that capital markets naturally function in an efficient way - possibly one of the widest accepted dogmas of contemporary ...
Title:Material Deprivation and the Outcomes of Elections
Author(s):GUGUSHVILI, AlexiDate:2012Type of Publication:Working PaperSeries/Report no.:Center for Social Sciences, Applied Social Research Programme Working PaperAbstract:This study shows that the district level outcomes in the 2012 parliamentary elections in Georgia are significantly associated with the mean household deprivation levels. This effect is statistically significant after ...
Title:Ascriptive Inequality and Life Chances in Georgia
Author(s):GUGUSHVILI, AlexiDate:2012Type of Publication:Working PaperSeries/Report no.:Center for Social Sciences, Applied Social Research ProgrammeAbstract:Using data from the Generations and Gender Survey for the cohorts born from 1926 to 1985 in Georgia, and the linear probability models of higher educational and ISCO 1-2 occupational attainment, I find the large ascriptive ...
Title:Risk-sharing and contagion in networks
Author(s):CABRALES, Antonio; GOTTARDI, Piero; VEGA-REDONDO, FernandoDate:2013Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:The aim of this paper is to investigate how the capacity of an economic system to absorb shocks depends on the specific pattern of interconnections established among financial firms. The key trade-off at work is between ...
Title:Implications of Climate Science for Policy
Author(s):JACOBY, Henry D.Date:2012Type of Publication:Working PaperSeries/Report no.:EUI RSCASAbstract:Climate change presents the greatest challenge ever faced by our domestic and international institutions, and great deal of the difficulty lies in the science of the issue. Because human influence on global climate differs ...
Title:What Type(s) of Support Schemes for Storage in Island Power Systems?
Author(s):RIOUS, Vincent; PEREZ, YannickDate:2012Type of Publication:Working PaperSeries/Report no.:EUI RSCASAbstract:This paper proposes a support mechanism for energy storage devices for island power systems where intermittent renewable generation is rapidly growing. We base our proposal on the maturity level of storage devices (Chen ...
Title:Risk and Strict Liability: The distinct examples of Germany, the US and Russia
Author(s):BRÜGGEMEIER, GertDate:2012Type of Publication:Working PaperSeries/Report no.:EUI LAWAbstract:Enlightenment, natural law and economic liberalism engendered the grand concept of modern private law. Nearly simultaneously the ongoing process of industrial revolution paved the path into another modernity. Its new ...
Title:‘Opt-out’ Clauses for EU Energy Islands in the Third Liberalization Package: Striking balances?
Author(s):DE HAUTECLOCQUE, Adrien; AHNER, NicoleDate:2012Type of Publication:Working PaperSeries/Report no.:EUI RSCASAbstract:The Third Package allows EU energy islands to be exempted from most if not all of the acquis communautaire in energy, both on market design and the regulatory framework. However, even if a supply monopoly is the most ...
Title:Realized Beta GARCH: Multivariate GARCH model with realized measures of volatility and covolatility
Author(s):HANSEN, Peter Reinhard; LUNDE, Asger; VOEV, ValeriDate:2012Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:We introduce a multivariate GARCH model that incorporates realized measures of
volatility and covolatility. The realized measures extract information about the current
level of volatility and covolatility from high-frequency ...
Title:Development Scenarios for the North and Baltic Sea Grid: A welfare economic analysis
Author(s):EGERER, Jonas; KUNZ, Friedrich; VON HIRSCHHAUSEN, ChristianDate:2012Type of Publication:Working PaperSeries/Report no.:EUI RSCASAbstract:The North and Baltic Sea Grid is one of the largest pan-European infrastructure projects raising high hopes regarding the potential of harnessing large amounts of renewable electricity, but also concerns about the ...
Title:Institutional Corruptions
Author(s):LESSIG, LawrenceDate:2012Type of Publication:Working PaperSeries/Report no.:EUI RSCASAbstract:The concept of "institutional corruption" as developed by Professor Dennis Thompson is a critically important way to understand the failings of a modern democratic state. In this paper, Professor Lessig advances one way ...
Title:The Dominance of Climate Change in Environmental Law: Taking stock for Rio+20
Author(s):PENCA, Jerneja; DE ANDRADE CORRÊA, FabianoDate:2012Type of Publication:Working PaperSeries/Report no.:EUI RSCASAbstract:The collection of working papers is a result of a conference, which aimed to consider the notion that the phenomenon of climate change has developed into a separate and overriding policy objective in the broader framework ...
Title:Pragmatic Conversions: Mixed marriage and flexibility of Shari'a in interwar Yugoslavia
Author(s):BURIC, FedjaDate:2012Type of Publication:Working PaperSeries/Report no.:EUI MWPAbstract:The paper discusses the cases of pragmatic conversions to, and out of, Islam in interwar Yugoslavia. It analyzes these cases in the context of Sharia law, which, in the Kingdom of Serbs, Croats, and Slovenes (Kingdom of ...
Title:Policy Uncertainty and Investment in Low-Carbon Technology
Author(s):ALBRIZIO, Silvia; COSTA, HéliaDate:2012Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:In the context of an emission trading scheme (ETS), we study how uncertainty over the environmental policy affectsfirms' investment in low-carbon technologies. We develop a three period sequential model that combines the ...
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 ...