Browsing RSCAS Working Papers by Type "Working Paper"

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Browsing RSCAS Working Papers by Type "Working Paper"

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    Title: A Real Options Model for Electricity Capacity Expansion  Author(s): GAHUNGU, Joachim; SMEERS, Yves Date: 2012 Type of Publication: Working Paper Series/Report no.: EUI RSCAS Abstract: This paper proposes a real option capacity expansion model for power generation with several technologies that differ in operation and investment costs. The economy is assumed perfectly competitive and the instantaneous ...
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    Title: Citizenship Acquisition, Employment Prospects and Earnings: Comparing two cool countries  Author(s): BEVELANDER Pieter; PENDAKUR, Ravi Date: 2012 Type of Publication: Working Paper Series/Report no.: EUI RSCAS Abstract: Direct country comparisons on the effect of citizenship are rare. The aim of this paper is to analyse the citizenship effect on both employment probabilities and the relative income of work of immigrants in two countries, ...
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    Title: With Which Countries do Tax Havens Share Information?  Author(s): BILICKA, Katarzyna; FUEST, Clemens Date: 2012 Type of Publication: Working Paper Series/Report no.: EUI RSCAS Abstract: In recent years tax havens and offshore financial centres have come under increasing political pressure to cooperate with other countries in matters of taxation and efforts to crowd back tax evasion and avoidance. As a ...
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    Title: Populism Emergent: A framework for analyzing its contexts, mechanics, and outcomes  Author(s): PAPPAS, Takis S. Date: 2012 Type of Publication: Working Paper Series/Report no.: EUI RSCAS Abstract: This paper, based on cross-regional empirical research, provides an integrated analytical framework for understanding the emergence of populism in seemingly different political contexts in both Europe (including Greece, ...
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    Title: Market Design with Wind: Managing low-predictability in intraday markets  Author(s): HENRIOT, Arthur Date: 2012 Type of Publication: Working Paper Series/Report no.: EUI RSCAS Abstract: 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 ...
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    Title: Strategic Bidding in Multi-unit Auctions with Capacity Constrained Bidders: The New York capacity market  Author(s): SCHWENEN, Sebastian Date: 2012 Type of Publication: Working Paper Series/Report no.: EUI RSCAS Abstract: 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 ...
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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: The Impact of the Economic Crisis on the Western Balkans and their EU Accession Prospects  Author(s): PANAGIOTOU, Ritsa Date: 2012 Type of Publication: Working Paper Series/Report no.: EUI RSCAS Abstract: 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 ...
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    Title: A Citizen-Editors Model of News Media  Author(s): SOBBRIO, Francesco Date: 2012 Type of Publication: Working Paper Series/Report no.: EUI RSCAS Abstract: 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 ...
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    Title: Implications of Climate Science for Policy  Author(s): JACOBY, Henry D. Date: 2012 Type of Publication: Working Paper Series/Report no.: EUI RSCAS Abstract: 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 ...
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    Title: What Type(s) of Support Schemes for Storage in Island Power Systems?  Author(s): RIOUS, Vincent; PEREZ, Yannick Date: 2012 Type of Publication: Working Paper Series/Report no.: EUI RSCAS Abstract: 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 ...
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    Title: ‘Opt-out’ Clauses for EU Energy Islands in the Third Liberalization Package: Striking balances?  Author(s): DE HAUTECLOCQUE, Adrien; AHNER, Nicole Date: 2012 Type of Publication: Working Paper Series/Report no.: EUI RSCAS Abstract: 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 ...
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    Title: Development Scenarios for the North and Baltic Sea Grid: A welfare economic analysis  Author(s): EGERER, Jonas; KUNZ, Friedrich; VON HIRSCHHAUSEN, Christian Date: 2012 Type of Publication: Working Paper Series/Report no.: EUI RSCAS Abstract: 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 ...
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    Title: The Banking and Distribution Sectors in a Small Open Economy DSGE Model  Author(s): DEÁK, Szabolcs; FONTAGNE, Lionel; MAFFEZZOLI, Marco; MARCELLINO, Massimiliano Date: 2012 Type of Publication: Working Paper Series/Report no.: EUI RSCAS Abstract: The recent crisis has emphasized the role of financial - macroeconomic interactions, and international trade in goods and services, in the transmission of the shocks. Both phenomena, closely related to the higher degree ...
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    Title: Governing the European Audiovisual Space: What modes of governance can facilitate a European approach to media pluralism?  Author(s): BARZANTI, Fabrizio Date: 2012 Type of Publication: Working Paper Series/Report no.: EUI RSCAS Abstract: This paper explores the notion of media pluralism and its application mainly from the European Union (EU) substantive and institutional law point of view so as to speculate on the possibility for a European approach to ...
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    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, William Date: 2012 Type of Publication: Working Paper Series/Report no.: EUI RSCAS Abstract: 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 ...
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    Title: Regulating Future Offshore Grids: Economic impact analysis on wind parks and transmission system operators  Author(s): KITZING, Lena; SCHRÖDER, Sascha T. Date: 2012 Type of Publication: Working Paper Series/Report no.: EUI RSCAS Abstract: 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 ...
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    Title: Impact on Reserves and Energy Delivery of Current UC-based Market-Clearing Formulations  Author(s): MORALES-ESPAÑA, German; GARCÍA-GONZÁLEZ, Javier; RAMOS, Andrés Date: 2012 Type of Publication: Working Paper Series/Report no.: EUI RSCAS Abstract: 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 ...
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    Title: Choosing between the UN and OECD Tax Policy Models: An African case study  Author(s): DAURER, Veronika; KREVER, Richard Date: 2012 Type of Publication: Working Paper Series/Report no.: EUI RSCAS Abstract: 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 ...