infonet-economy

In order to increase overall transparency on key operational information, power transmission system operators publish an increasing amount of fundamental data, including forecasts of electricity demand and available capacity. We employ a fundamental model for electricity prices which lends itself well to integrating such forecasts, while retaining ease of implementation and…

Die staatlichen Leistungen sollen den Richtigen zugute kommen. Doch wie treffsicher sind diese in einem komplexen System zu erreichen? Überlegungen zur Zielgenauigkeit der Sozialpolitik.

This paper proposes bootstrap tests for the validity of instrumental variables (IV) in just identified treatment effect models with endogeneity. We demonstrate that the IV assumptions required for the identification of the local average treatment effect (LATE) allow us to both point identify and bound the mean potential outcomes (i) of the always takers (those treated irrespective…

Bundesrat Berset hat es in der ersten Version seiner Reform der Altersvorsorge versäumt, Automatismen einzubauen: eine Anpassung der flexiblen Spanne des Rentenalters an die Lebenserwartung und des Umwandlungssatzes an Zinsumfeld und demografische Parameter.

Why do people live where they live and what are the consequences of these decisions? People and firms allocate themselves unevenly across space. In spite of large costs incurred when living in metropolitan areas, economic agents remain extremely concentrated in a finite number of cities. This thesis explores several factors that may influence these location decisions and their effect…

This dissertation focuses on the measurement of regional home care policy and its effects on health care utilization. It brings three main contributions. First, it provides causal evidence on the effects of home care policy generosity on hospitalizations, doctor visits, and nursing home use. Variations in generosity across the Swiss cantons and over time are used to identify the…

This article presents a theoretical framework that combines virtues and strengths of the Capability Approach (CA) and Equality of Opportunity (EOp) approach for analyzing public policies that aim to improve individual wellbeing and social justice. We show that neither approach is sufficient on its own for this goal. It is particularly useful to combine the two approaches because the…

In this paper, we estimate the risk spillovers among 74 U.S. REITs using the statedependent sensitivity value-at-risk (SDSVaR) approach. This methodology allows for the quantification of the spillover size as a function of a company's financial condition (tranquil, normal, and volatile REIT prices). We show that the size of risk spillovers is more than twice as large when REITs…

In electricity markets globally, market participants and policymakers increasingly focus on integrating adjacent, yet separate market areas via cross-border trade in electricity. Based on a discussion of the institutional framework for organizing cross-border trade, this paper analyzes how spot and futures prices for wholesale electricity are affected by different degrees of market…