Browsing Robert Schuman Centre for Advanced Studies (RSCAS) by Type "Working Paper"

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Browsing Robert Schuman Centre for Advanced Studies (RSCAS) by Type "Working Paper"

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    Title: The Impact of Who Decides the Rules for Network Use: A 'common pool' analysis of the investment dynamics in different gas network regulatory frames  Author(s): HALLACK, Michelle; VAZQUEZ, Miguel Date: 2012 Type of Publication: Working Paper Series/Report no.: EUI RSCAS Abstract: The liberalization of the natural gas industry has been based on the idea that infrastructure may be used by different gas owners. Different players using the same resources can give raise to ‘commons dilemmas’, which are ...
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    Title: Legal Obligation in the Global Context: Some remarks on the boundaries and allegiances among persons beyond the state  Author(s): PAVLAKOS, George Date: 2012 Type of Publication: Working Paper Series/Report no.: EUI RSCAS Abstract: The intensity of Globalisation has put under pressure the link between legal obligation and state institutions, which up to recently had been assumed to enjoy the status of an analytic truth. That said, there exists little ...
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    Title: The Family Rights of European Children: Expulsion of non-European parents  Author(s): DAVIES, Gareth T. Date: 2012 Type of Publication: Working Paper Series/Report no.: EUI RSCAS Abstract: In Ruiz Zambrano and Dereci the Court found that the Treaty prohibits expulsion of a family member of a Union citizen if that expulsion would force the Union citizen to leave the Union too. This is of particular importance ...
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    Title: Technology Investment and Alternative Regulatory Regimes with Demand Uncertainty  Author(s): CAMBINI, Carlo; SILVESTRI, Virginia Date: 2012 Type of Publication: Working Paper Series/Report no.: EUI RSCAS Abstract: A vertically integrated incumbent and an OLO (Other Licensed Operator) dynamically compete in the market for broadband access. The incumbent has the option to invest in building a Next Generation Network that covers all ...
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    Title: Tight Volume Coupling: Analytical model, adverse flow causality and potential improvements  Author(s): JANSSEN, Tanguy; REBOURS, Yann; DESSANTE, Philippe Date: 2012 Type of Publication: Working Paper Series/Report no.: EUI RSCAS Abstract: The European Market Coupling Company (EMCC) operates an interim tight volume coupling (ITVC) that implicitly allocates the interconnection capacities between Central West European (CWE) and Nordic (Nordpool) day-ahead ...
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    Title: Do Chinese SOEs and Private Companies Differ in Their Foreign Location Strategies?  Author(s): AMIGHINI, Alessia; RABELLOTTI, Roberta; SANFILIPPO, Marco Date: 2012 Type of Publication: Working Paper Series/Report no.: EUI RSCAS Abstract: We empirically analyze the host-country determinants of Chinese outbound foreign direct investments (ODI) in the period from 2003 to 2008, using disaggregated data by country and sector and distinguishing between State-owned ...
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    Title: Taxing Hidden Wealth: Lessons for policy making  Author(s): JOHANNESEN, Niels Date: 2012 Type of Publication: Working Paper Series/Report no.: EUI RSCAS Abstract: The past decade has seen several large-scale policy initiatives against offshore tax evasion and policy activity is still hectic. The present paper reviews available data sources on household wealth in offshore jurisdictions, ...
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    Title: Risk Spillovers and Hedging: Why do firms invest too much in systemic risk?  Author(s): WILLEMS, Bert; MORBEE, Joris Date: 2012 Type of Publication: Working Paper Series/Report no.: EUI RSCAS Abstract: In this paper we show that free entry decisions may be socially ineffcient, even in a perfectly competitive homogeneous goods market with non-lumpy investments. In our model, inefficient entry decisions are the result of ...
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    Title: An Estimated DSGE Model of a Small Open Economy within the Monetary Union: Forecasting and structural analysis  Author(s): MARCELLINO, Massimiliano; RYCHALOVSKA, Yuliya Date: 2012 Type of Publication: Working Paper Series/Report no.: EUI RSCAS Abstract: In this paper we lay out a two-region DSGE model of an open economy within the European Monetary Union. The model, which is built in the New Keynesian tradition, contains real and nominal rigidities such as habit formation ...
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    Title: International Financial Integration of South-Mediterranean Economies: A bird's-eye view  Author(s): PEETERS, Marga; SABRI, Nidal R. Date: 2012 Type of Publication: Working Paper Series/Report no.: EUI RSCAS Abstract: Should South-Mediterranean economies continue their financial integration in the world economy, considering their current stance and in view of the experiences of developed economies with the global financial crisis? The ...
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    Title: Should EU Citizens Living in other Member States Vote there in National Elections?  Author(s): BAUBOCK, Rainer; CAYALA, Philippe; SETH, Catriona Date: 2012 Type of Publication: Working Paper Series/Report no.: EUI RSCAS Abstract: The core right of EU citizenship is freedom of movement within the territory of the Union. But EU citizens who live in a member state other than their homeland cannot vote in the national elections of that country unless ...
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    Title: Implementing Incentive Regulation and Regulatory Alignment with Resource Bounded Regulators  Author(s): GLACHANT, Jean-Michel; KHALFALLAH, Haikel; PEREZ, Yannick; RIOUS, Vincent; SAGUAN, Marcelo Date: 2012 Type of Publication: Working Paper Series/Report no.: EUI RSCAS Abstract: It is puzzling today to explain both the diversity and the rationale of regulators’ practice vis-à-vis network monopolies. We argue that two fundamental characteristics should be considered when defining the most appropriate ...
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    Title: The 2009 Presidential Election in Iran: Fair or foul?  Author(s): KHOSROKHAVAR, Farhad; LADIER-FOULADI, Marie Date: 2012 Type of Publication: Working Paper Series/Report no.: EUI RSCAS Abstract: Two major ideas are interwoven in this essay. The first is that fair elections under Ahmadinejad's government in Iran were highly improbable, even almost impossible. Still, the myth of fair elections was at the root of the ...
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    Title: Regulatory Reform and Corporate Control in European Energy Industries  Author(s): GARCÍA, John J.; TRILLAS, Francesc Date: 2012 Type of Publication: Working Paper Series/Report no.: EUI RSCAS Abstract: The deregulation process in the EU electricity sector triggered strategic decisions that led to industry restructuring. This paper presents preliminary evidence of the impact of this process on investors, using event studies ...
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    Title: The Global Reach of the Proposed EU Financial Transaction Tax Directive: Creating momentum through internal legislation?  Author(s): VAN VOOREN, Bart Date: 2012 Type of Publication: Working Paper Series/Report no.: EUI RSCAS Abstract: In the wake of the 2008 financial crisis, taxation of the financial sector has forcefully re-emerged on the European Union political agenda. One proposal – rightly or wrongly – received much political attention: a broad-based ...
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    Title: The Impact of China on Manufacturing Exports of Italy and Germany  Author(s): GIOVANNETTI, Giorgia; SANFILIPPO, Marco; VELUCCHI, Margherita Date: 2012 Type of Publication: Working Paper Series/Report no.: EUI RSCAS Abstract: This paper analyses the impact of China on the export performance of Italy and Germany to their main trading partners in the OECD markets. Given a strong specialization in the manufacturing sector, these two countries are ...
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    Title: Global Security Challenges for Europe: Structural and strategic changes in energy markets and major implications  Author(s): COSTA SILVA, António Date: 2012 Type of Publication: Working Paper Series/Report no.: EUI RSCAS Abstract: This paper covers the analysis of the energy markets, emerging trends, oil price evolution and oil shocks and focus on the identification of the major energy game changers. Furthermore the issues of the energy security in ...
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    Title: Instrument Choice and Replication  Author(s): VOIGT, Christina Date: 2012 Type of Publication: Working Paper Series/Report no.: EUI RSCAS Abstract: In climate law, we have witnessed the establishment of innovative market-based instruments, such as emissions trading, the Clean Development Mechanism, Joint Implementation and REDD+. The aim of these instruments is the ...
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    Title: The Adoption of Network Codes in the Field of Energy: Availability of judicial review in a multi-stage procedure  Author(s): VLACHOU, Charikleia Date: 2012 Type of Publication: Working Paper Series/Report no.: EUI RSCAS Abstract: The adoption of network codes is a crucial step towards the conclusion of the internal energy market by the year 2014. This paper aims to assess the availability of judicial review in the multi-stage procedure established ...
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    Title: Risk Management in the Energy Markets and Value-at-Risk Modelling: A hybrid approach  Author(s): ANDRIOSOPOULOS, Kostas; NOMIKOS, Nikos Date: 2012 Type of Publication: Working Paper Series/Report no.: EUI RSCAS Abstract: This paper proposes a set of VaR models appropriate to capture the dynamics of energy prices and subsequently quantify energy price risk by calculating VaR and ES measures. Amongst the competing VaR methodologies evaluated ...