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Prof. Dr. Jürgen Bitzer

Sekretariate

Annegret Kock

+49 (0)441 798-4117

+49 (0)441 798-4116

 A05 0-013

Catharina Schramm

+49 (0)441 798-4107

+49 (0)441 798-194107

A05 0-014
 

Carl von Ossietzky Universität Oldenburg
Fakultät II - Wirtschafts- und Rechtswissenschaften -
Institut für Volkswirtschaftslehre
Ammerländer Heerstr. 114-118
26129 Oldenburg

Im Erscheinen / forthcoming

  • [article] bibtex
    C. Böhringer, B. Bye, T. Fæhn, und K. E. Rosendahl, "Targeted carbon tariffs: Carbon leakage and welfare effects," Resource and Energy Economics (forthcoming), 2017.
    @Article{2017_06_01,
      author = {C. B{\"o}hringer and B. Bye and T. F{\ae}hn and K.E. Rosendahl},
      title = {Targeted carbon tariffs: Carbon leakage and welfare effects},
      journal = {Resource and Energy Economics (forthcoming)},
      year = {2017},
      }
  • [article] bibtex
    C. Böhringer, F. Landis, und T. M. A. Reanos, "Cost-effectiveness and Incidence of Renewable Energy Promotion in Germany," The Energy Journal (forthcoming), 2017.
    @Article{2017_03_03,
      author = {C. B{\"o}hringer and F. Landis and M.A. Tovar Reanos},
      title = {Cost-effectiveness and Incidence of Renewable Energy Promotion in Germany},
      journal = {The Energy Journal (forthcoming)},
      year = {2017},
      }
  • [article] bibtex
    C. Böhringer, K. E. Rosendahl, und J. Schneider, "Unilateral emission pricing and OPEC’s behaviour," Strategic Behavior and the Environment (forthcoming), 2017.
    @Article{2017_03_01,
      author = {C. B{\"o}hringer and K.E. Rosendahl and J. Schneider},
      title = {Unilateral emission pricing and OPEC’s behaviour},
      journal = {Strategic Behavior and the Environment (forthcoming)},
      year = {2017},
      }
  • [article] bibtex
    E. Goeren, "Consequences of Linguistic Distance for Economic Growth," Oxford Bulletin of Economics and Statistics, 2017.
    @Article{,
      author = {Goeren, Erkan},
      title = {Consequences of Linguistic Distance for Economic Growth},
      journal = {Oxford Bulletin of Economics and Statistics},
      year = {2017},
      }
  • H. Welsch und P. Biermann, "Poverty is a Public Bad: Panel Evidence from Subjective Well-Being Data," Review of Income and Wealth, 2017.
    @Article{,
      author = {Welsch, Heinz and Biermann, Philipp},
      title = {Poverty is a Public Bad: Panel Evidence from Subjective Well-Being Data},
      journal = {Review of Income and Wealth},
      year = {2017},
      abstract = {Previous research has found that subjective well-being (SWB) is lower for individuals classified as being in poverty. We extend the poverty-SWB literature by focusing on aggregate poverty. Using panel data for 39,239 individuals living in Germany from 2005–2013, we show that peoples SWB is nega- tively correlated with the regional (state-level) poverty ratio while controlling for individual poverty status and poverty intensity. This suggests that poverty is a public bad. The negative relationship between aggregate poverty and SWB is more salient in the upper segments of the income distribution and is robust to controlling for the rate of unemployment and per capita GDP. The character of pov- erty as a public bad suggests that poverty alleviation is a matter not only of distributive justice, but of allocative efficiency.},
      doi = {10.1111/roiw12350},
      url = {http://onlinelibrary.wiley.com/doi/10.1111/roiw.12350/epdf?author_access_token=nVQ3vhgZZ81lJemrfQt6Kota6bR2k8jH0KrdpFOxC674d_AP_D_e10ZI3JKRiyHwRUmN91XdVSm9boDA4pe3UhwuUWn_F9qfVymSvaIO3dOzBWA27PvS202Boc9tvZ0J},
      }

Publikationen 2018

  • C. Böhringer, E. J. Balistreri, und T. F. Rutherford, "Carbon policy and the structure of global trade," The World Economy, vol. 41, iss. 1, pp. 194-221, 2018.
    @Article{boerhijnger021,
      author = {C. B{\"o}hringer and Edward J. Balistreri and Thomas F. Rutherford},
      title = {Carbon policy and the structure of global trade},
      journal = {The World Economy},
      year = {2018},
      volume = {41},
      number = {1},
      pages = {194--221},
      month = {jan},
      doi = {10.1111/twec.12535},
      url = {http://dx.doi.org/10.1111/twec.12535},
      }
  • C. Böhringer, J. C. Carbone, und T. F. Rutherford, "Embodied Carbon Tariffs," Scandinavian Journal of Economics, vol. 120, iss. 1, pp. 183-210, 2018.
    @Article{bohringer123,
      author = {Christoph B{\"o}hringer and Jared C. Carbone and Thomas F. Rutherford},
      title = {Embodied Carbon Tariffs},
      journal = {Scandinavian Journal of Economics},
      year = {2018},
      volume = {120},
      number = {1},
      pages = {183--210},
      month = {jan},
      doi = {10.1111/sjoe.12211},
      url = {http://dx.doi.org/10.1111/sjoe.12211},
      }

Publikationen 2017

  • J. Bitzer, I. Geishecker, und P. J. H. Schroeder, "Is there a wage premium for volunteer OSS engagement? - Signaling, Learning, and Noise," Applied Economics, vol. 49, iss. 14, pp. 1379-1394, 2017.
    @Article{,
      author = {Bitzer, Juergen and Geishecker, Ingo and Schroeder, Philipp J.H.},
      title = {Is there a wage premium for volunteer OSS engagement? - Signaling, Learning, and Noise},
      journal = {Applied Economics},
      year = {2017},
      volume = {49},
      number = {14},
      pages = {1379-1394},
      abstract = {Volunteer-based open-source production has become a significant new model for the organization of software development. Economics often pictures this phenomenon as a case of signalling: individuals engage in the volunteer programming of open-source software (OSS) as a labour-market signal resulting in a wage premium. Yet, this explanation could so far not be empirically tested. This article fills this gap by estimating an upper-bound composite wage premium of voluntary OSS contributions and by separating the potential signalling effect of OSS engagement from other effects. Although some 70% of OSS contributors believe that OSS involvement benefits their careers, we find no actual labour-market premium for OSS engagement. The presence of other motives, such as fun of play or altruism, renders OSS contributions too noisy to function as a signal.},
      keywords = {Signalling, open-source software, voluntary work, peer production, wage formation},
      owner = {Catharina Schramm},
      timestamp = {2016.11.09},
      url = {http://dx.doi.org/10.1080/00036846.2016.1218427},
      }
  • C. Böhringer, A. Cuntz, D. Harhoff, und E. Asane-Otoo, "The Impact of the German Feed-in Tariff Scheme on Innovation: Evidence Based on Patent Filings in Renewable Energy Technologies," Energy Economics, vol. 67, pp. 545-553, 2017.
    @Article{2017_08_01,
      author = {C. B{\"o}hringer and A. Cuntz and D. Harhoff and E. Asane-Otoo},
      title = {The Impact of the German Feed-in Tariff Scheme on Innovation: Evidence Based on Patent Filings in Renewable Energy Technologies},
      journal = {Energy Economics},
      year = {2017},
      volume = {67},
      pages = {545--553},
      month = {sep},
      doi = {10.1016/j.eneco.2017.09.001},
      url = {https://doi.org/10.1016/j.eneco.2017.09.001},
      }
  • C. Böhringer, B. Bye, T. Fæhn, und K. E. Rosendahl, "Output-based rebating of carbon taxes in the neighbor’s backyard," Canadian Journal of Economics, vol. 50, iss. 2, pp. 426-455, 2017.
    @Article{2017_05,
      author = {C. B{\"o}hringer and B. Bye and T. F{\ae}hn and K.E. Rosendahl},
      title = {Output-based rebating of carbon taxes in the neighbor’s backyard},
      journal = {Canadian Journal of Economics},
      year = {2017},
      volume = {50},
      number = {2},
      pages = {426--455},
      month = {may},
      doi = {10.1111/caje.12264},
      url = {http://dx.doi.org/10.1111/caje.12264},
      }
  • C. Böhringer, K. E. Rosendahl, und H. B. Storrøsten, "Robust policies to mitigate carbon leakage," Journal of Public Economics, vol. 149, pp. 35-46, 2017.
    @Article{2017_03_04,
      author = {C. B{\"o}hringer and K. E. Rosendahl and H. B. Storr{\o}sten},
      title = {Robust policies to mitigate carbon leakage},
      journal = {Journal of Public Economics},
      year = {2017},
      volume = {149},
      pages = {35--46},
      month = {may},
      doi = {10.1016/j.jpubeco.2017.03.006},
      url = {http://dx.doi.org/10.1016/j.jpubeco.2017.03.006},
      }
  • C. Böhringer, X. Garcia-Muros, I. Cazcarro, und I. Arto, "The efficiency cost of protective measures in climate policy," Energy Policy, vol. 104, pp. 446-454, 2017.
    @Article{2017_03_02,
      author = {C. B{\"o}hringer and X. Garcia-Muros and I. Cazcarro and I. Arto},
      title = {The efficiency cost of protective measures in climate policy},
      journal = {Energy Policy},
      year = {2017},
      volume = {104},
      pages = {446--454},
      month = {may},
      doi = {10.1016/j.enpol.2017.01.007},
      publisher = {Elsevier {BV}},
      url = {https://doi.org/10.1016/j.enpol.2017.01.007},
      }
  • C. Böhringer, X. Garcia-Muros, M. Gonzalez-Eguino, und L. Rey, "US Climate Policy: A Critical Assessment of Intensity Standards," Energy Economics, vol. 68, iss. 1, pp. 125-135, 2017.
    @Article{01_07_17,
      author = {Christoph B{\"o}hringer and Xaquin Garcia-Muros and Mikel Gonzalez-Eguino and Luis Rey},
      title = {US Climate Policy: A Critical Assessment of Intensity Standards},
      journal = {Energy Economics},
      year = {2017},
      volume = {68},
      number = {1},
      pages = {125--135},
      month = {oct},
      doi = {10.1016/j.eneco.2017.10.021},
      url = {https://doi.org/10.1016/j.eneco.2017.10.021},
      }
  • E. Goeren, "The Persistent Effects of Novelty-Seeking Traits on Comparative Economic Development," Journal of Development Economics, 2017.
    @Article{,
      author = {Goeren, Erkan},
      title = {The Persistent Effects of Novelty-Seeking Traits on Comparative Economic Development},
      journal = {Journal of Development Economics},
      year = {2017},
      abstract = {The issue of novelty-seeking traits have been related to important economic attitudes such as risk-taking, entrepreneurial, and explorative behaviors that foster technological progress and, thus, economic development. However, numerous molecular genetic studies have shown that novelty-seeking bearing individuals are prone to certain psychological “disadvantages” such as Attention Deficit Hyperactivity Disorder (ADHD), leading to occupational and educational difficulties in modern societies. Using a recent compilation of DRD4 exon III allele frequencies – a particular gene variant that population geneticists have found to be sometimes associated with the human phenotype of novelty-seeking behavior – this paper advances a new country-level measure on the prevalence of novelty-seeking traits for a large number of countries worldwide. The results suggest a stable non-monotonic inverted U-shaped relationship between the country-level DRD4 exon III allele frequency measure and economic development. This finding is suggestive of the potential “benefits” and “costs” of novelty-seeking traits for the aggregate economy.},
      doi = {http://dx.doi.org/10.1016/j.jdeveco.2016.12.009},
      url = {http://dx.doi.org/10.1016/j.jdeveco.2016.12.009},
      }
  • H. Welsch, "Organic Food and Human Health: An Instrumental Variables Approach," Health Economics and Outcome Research, vol. 3, 2017.
    @Article{,
      author = {Welsch, Heinz},
      title = {Organic Food and Human Health: An Instrumental Variables Approach},
      journal = {Health Economics and Outcome Research},
      year = {2017},
      volume = {3},
      month = {09},
      abstract = {Organic food markets in developed countries have been rapidly expanding in recent years. Though expected health benefits are a major motive for buying organic food (OF), the health effects of consuming OF are uncertain. This study uses survey data from Germany, 2007, to explore the causal relationship between OF consumption and self-rated health status. While it finds strong and statistically significant relationships between health and indicators of the intensity and duration of consumption, these relationships vanish when OF consumption is instrumented by respondents’ assessment of the necessity of renewable energy. Since the instrument satisfies usual validity standards, these findings suggest that the OF-health relationship may be spurious due to common unobserved factors, in particular a health-oriented lifestyle.},
      doi = {10.4172/2471-268X.1000141},
      url = {https://www.omicsonline.org/open-access/organic-food-and-human-health-an-instrumental-variables-approach-2471-268X-1000141.php?aid=93868},
      }
  • H. Welsch und P. Biermann, "Energy Affordability and Subjective Well-Being: Evidence for European Countries," The Energy Journal, vol. 38, iss. 3, pp. 159-176, 2017.
    @Article{,
      author = {Welsch, Heinz and Biermann, Philipp},
      title = {Energy Affordability and Subjective Well-Being: Evidence for European Countries},
      journal = {The Energy Journal},
      year = {2017},
      volume = {38},
      number = {3},
      pages = {159-176},
      abstract = {This paper uses data on the life satisfaction of more than 100,000 individuals in 21 European countries from 2002 to 2011, to study the relationship between subjective well-being and the affordability for households of electricity, heating oil and natural gas. We find that energy prices have statistically and economically significant effects on subjective well-being. The effect sizes are smaller than but comparable to the effects of important personal factors of well-being. Effects above average are found in individuals from the lowest income quartile. In addition, effects are strongest at times when required energy expenditures can be expected to be high. The empirical results are consistent with the prediction that greater fuel poverty implies a greater effect of energy prices on well-being. Keywords: Energy affordability, Energy price, Fuel poverty, Welfare, Subjective well-being},
      keywords = {Energy affordability, Energy price, Fuel poverty, Welfare, Subjective well-being},
      url = {http://dx.doi.org/10.5547/01956574.38.3.hwel},
      }
  • H. Welsch und J. Kuehling, "Pan-European patterns of environmental concern: the role of proximity and international integration," Journal of Environmental Studies and Sciences 7, 2017.
    @Article{,
      author = {Welsch, Heinz and Kuehling, Jan},
      title = {Pan-European patterns of environmental concern: the role of proximity and international integration},
      journal = {Journal of Environmental Studies and Sciences 7},
      year = {2017},
      doi = {10.1007/s13412-017-0441-x},
      keywords = {Environmental preference, Environmental concern, Proximity, Connectedness, International integration},
      url = {https://link.springer.com/content/pdf/10.1007%2Fs13412-017-0441-x.pdf},
      }
  • C. von Moellendorff und H. Welsch, "Measuring Renewable Energy Externalities: Evidence from Subjective Well-Being Data," Land Economics, vol. 93, iss. 1, pp. 109-126, 2017.
    @Article{,
      author = {von Moellendorff, Charlotte and Welsch, Heinz},
      title = {Measuring Renewable Energy Externalities: Evidence from Subjective Well-Being Data},
      journal = {Land Economics},
      year = {2017},
      volume = {93},
      number = {1},
      pages = {109-126},
      month = {02},
      abstract = {lectricity from renewable sources avoids disadvantages of conventional power generation but often meets with local resistance. We use 324,763 observations on the subjective well-being of 46,678 individuals in Germany, 1994–2012, for identifying and valuing the local externalities from solar, wind, and biomass plants in respondents’ postcode district and adjacent postcode districts. We find significant well-being externalities of all three technologies that differ with regard to their temporal and spatial characteristics. The monetary equivalent of 1 MW capacity expansion of wind power and biomass installations is estimated to be 0.35% and 1.25% of monthly per capita income, respectively.},
      doi = {10.3368/le.93.1.109},
      url = {http://le.uwpress.org/content/93/1/109.abstract},
      }

Publikationen 2016

  • J. Bitzer und E. Goeren, "Measuring Capital Services by Energy Use: An Empirical Comparative Study," Applied Economics, vol. 48, iss. 53, pp. 5152-5167, 2016.
    @Article{,
      author = {Bitzer, Juergen and Goeren, Erkan},
      title = {Measuring Capital Services by Energy Use: An Empirical Comparative Study},
      journal = {Applied Economics},
      year = {2016},
      volume = {48},
      number = {53},
      pages = {5152-5167},
      abstract = {From an engineering perspective, the service that a capital good provides is energy conversion – that is, the physical ‘work’ done by a machine. A capital good’s service can thus be measured directly by the energy consumed in production. We show important empirical advantages of this approximation over traditional measures. The empirical application reveals that this approach avoids a number of conceptual problems of the latter. Furthermore, this measure captures the utilization of the capital stock more accurately as it is more sensitive to fluctuations in economic activity. With a growth accounting exercise, it is shown that the differences between the new and the traditional measures are important for empirical work. Using the new measure yields significantly different results. Especially in times of global recession it provides higher and more feasible total factor productivity growth rates.},
      doi = {http://dx.doi.org/10.1080/00036846.2016.1173178},
      owner = {Catharina Schramm},
      timestamp = {2016.11.02},
      url = {http://dx.doi.org/10.1080/00036846.2016.1173178},
      }
  • C. Helm und F. Wirl, "Multilateral externalities: Contracts with private information either about costs or benefits," Economics Letters, vol. 141, pp. 27-31, 2016.
    @Article{Helm201627,
      author = {Carsten Helm and Franz Wirl},
      title = {Multilateral externalities: Contracts with private information either about costs or benefits},
      journal = {Economics Letters},
      year = {2016},
      volume = {141},
      pages = {27 - 31},
      abstract = {Abstract This note uses the framework of Martimort and Sand-Zantmann (2013, forthcoming) about international environmental agreements. The objective is to demonstrate how a shift of private information from cost to benefit affects contracts and permit market outcomes although this seemingly ad hoc choice has no effect outside contracts and absent market interventions. },
      doi = {http://dx.doi.org/10.1016/j.econlet.2016.01.020},
      issn = {0165-1765},
      keywords = {Principal–agent, Contracts, Difference due to allocation of private information, Business as usual, Out-of-contract, Permit market },
      url = {http://www.sciencedirect.com/science/article/pii/S0165176516300040},
      }
  • C. Helm und F. Wirl, "Climate Policies with Private Information: The Case for Unilateral Action," Journal of the Association of Environmental and Resource Economists, vol. 3, iss. 4, pp. 893-916, 2016.
    @Article{doi:10.1086/688583,
      author = {Carsten Helm and Franz Wirl},
      title = {Climate Policies with Private Information: The Case for Unilateral Action},
      journal = {Journal of the Association of Environmental and Resource Economists},
      year = {2016},
      volume = {3},
      number = {4},
      pages = {893-916},
      abstract = {AbstractCountries often have private information about their willingness to pay for protecting the climate system. We use a principal-agent model to reexamine the economic case for unilateral action by individual countries, in our case of the principal. We find that the incentive structure that arises in an incomplete information framework may lead to a more positive assessment of unilateral action than in papers that neglect private information. First, we find that a unilateral commitment to emission reductions that is made before contract negotiations always reduces aggregate emissions, in contrast to the results in the seminal contribution by Hoel. Second, we show that the principal often has an interest to unilaterally reduce emissions below the level to which she would be obliged under the standard contract solution. Hence we provide an economic rationale for overcompliance. Multilateral externalities and type-dependent outside options, which are characteristic for climate policies, play a crucial role to explain these results.},
      doi = {10.1086/688583},
      eprint = {http://dx.doi.org/10.1086/688583},
      url = { http://dx.doi.org/10.1086/688583 },
      }
  • C. Böhringer, A. Keller, M. Bortolamedi, und A. R. Seyffarth, "Good things do not always come in threes: On the excess cost of overlapping regulation in EU climate policy," Energy Policy, vol. 94, pp. 502-508, 2016.
    @Article{B_hringer_2016,
      author = {Christoph B{\"o}hringer and Andreas Keller and Markus Bortolamedi and Anelise Rahmeier Seyffarth},
      title = {Good things do not always come in threes: On the excess cost of overlapping regulation in {EU} climate policy},
      journal = {Energy Policy},
      year = {2016},
      volume = {94},
      pages = {502--508},
      month = {jul},
      doi = {http://dx.doi.org/10.1016/j.enpol.2015.12.034},
      publisher = {Elsevier {BV}},
      url = {http://dx.doi.org/10.1016/j.enpol.2015.12.034},
      }
  • C. Böhringer, J. C. Carbone, und T. F. Rutherford, "The Strategic Value of Carbon Tariffs," American Economic Journal: Economic Policy, vol. 8, iss. 1, pp. 28-51, 2016.
    @Article{B_hringer_2016,
      author = {Christoph B{\"o}hringer and Jared C. Carbone and Thomas F. Rutherford},
      title = {The Strategic Value of Carbon Tariffs},
      journal = {American Economic Journal: Economic Policy},
      year = {2016},
      volume = {8},
      number = {1},
      pages = {28--51},
      month = {feb},
      doi = {10.1257/pol.20130327},
      publisher = {American Economic Association},
      url = {http://dx.doi.org/10.1257/pol.20130327},
      }
  • C. Böhringer, N. Rivers, und H. Yonezawa, "Vertical fiscal externalities and the environment," Journal of Environmental Economics and Management, vol. 77, pp. 51-74, 2016.
    @Article{B_hringer_2016,
      author = {Christoph B{\"o}hringer and Nicholas Rivers and Hidemichi Yonezawa},
      title = {Vertical fiscal externalities and the environment},
      journal = {Journal of Environmental Economics and Management},
      year = {2016},
      volume = {77},
      pages = {51--74},
      month = {may},
      doi = {http://dx.doi.org/10.1016/j.jeem.2016.01.002},
      publisher = {Elsevier {BV}},
      url = {http://dx.doi.org/10.1016/j.jeem.2016.01.002},
      }
  • E. Goeren, "The Biogeographic Origins of Novelty-Seeking Traits," Evolution and Behavior, vol. 37, pp. 456-469, 2016.
    @Article{,
      author = {Goeren, Erkan},
      title = {The Biogeographic Origins of Novelty-Seeking Traits},
      journal = {Evolution and Behavior},
      year = {2016},
      volume = {37},
      pages = {456-469},
      url = {http://dx.doi.org/10.1016/j.evolhumbehav.2016.04.005},
      }
  • M. Paschen, "Dynamic analysis of the German day-ahead electricity spot market," Energy Economics, vol. 59, pp. 118-128, 2016.
    @Article{Paschen2016118,
      author = {Marius Paschen},
      title = {Dynamic analysis of the German day-ahead electricity spot market},
      journal = {Energy Economics},
      year = {2016},
      volume = {59},
      pages = {118 - 128},
      abstract = {Abstract This paper analyzes the dynamic behavior of day-ahead spot prices in the German electricity spot market due to positive structural shocks in wind and solar power. It uses a dynamic structural vector autoregressive model to estimate the related structural impulse response functions. The estimates suggest that wind power shocks have a more prolonged negative effect on spot prices than solar power shocks. Significant autocorrelations of wind power for larger lags indicate these results. The total negative merit order effect of a solar power shock is larger when using a reasonable model specification. One reason might be that solar power shocks coincide with demand peaks. However, results regarding the relation of the effects of wind and solar should be dealt with carefully because these results do not hold for all specifications. Past static estimates show differences in the total average negative merit order effects. These estimates might be overstated if wind and solar power dynamics are transferred to the merit order effects. },
      doi = {http://dx.doi.org/10.1016/j.eneco.2016.07.019},
      issn = {0140-9883},
      keywords = {Electricity market, Spot prices, Wind and solar power dynamics, Structural vector autoregressive model, Structural impulse response functions },
      url = {//www.sciencedirect.com/science/article/pii/S0140988316301918},
      }
  • A. R. Seyffarth, "The Impact of Rising Ethanol Production on the Brazilian Market for Basic Food Commodities: An Econometric Assessment," Environmental and Resource Economics, vol. 64, iss. 3, pp. 511-536, 2016.
    @Article{Seyffarth2016,
      author = {Seyffarth, Anelise Rahmeier},
      title = {The Impact of Rising Ethanol Production on the Brazilian Market for Basic Food Commodities: An Econometric Assessment},
      journal = {Environmental and Resource Economics},
      year = {2016},
      volume = {64},
      number = {3},
      pages = {511--536},
      abstract = {The controversial debate on the impacts of rising biofuel production on food commodity markets is of great policy relevance in Brazil. This paper contributes to the discussion by applying panel data regression models with fixed effects using OLS. Our dataset comprises annual production/harvested area data for sugar, ethanol and five other staple commodities ranging from 1981 to 2009 for 24 Brazilian states. Our results indicate that rising ethanol production exerts statistically significant positive impacts on sugarcane; negative impacts on rice, beans and soybeans acreage but no statistically significant effect on the areas for corn and manioc. The negative impacts on commodities' acreage have implications for the associated prices. Ceteris paribus, rising ethanol production puts some upward pressure on the prices for rice, beans and soybeans. However, the economic implication of these direct land use effects is attenuated due to the moderate scale of any effect.},
      doi = {10.1007/s10640-015-9881-5},
      issn = {1573-1502},
      url = {http://dx.doi.org/10.1007/s10640-015-9881-5},
      }
  • [incollection] bibtex | Dokument aufrufen Dokument aufrufen
    H. Trautwein, "Die Zeit um den Ersten Weltkrieg als Krisenzeit der Oekonomen," in Studien zur Entwicklung der oekonomischen Theorie, Verein für Socialpolitik, 2016, p. 339.
    @InCollection{,
      author = {Trautwein, Hans-Michael},
      title = {Die Zeit um den Ersten Weltkrieg als Krisenzeit der Oekonomen},
      booktitle = {Studien zur Entwicklung der oekonomischen Theorie},
      publisher = {Verein für Socialpolitik},
      year = {2016},
      number = {ISBN 978-3-428-14788-5},
      pages = {339},
      abstract = {Der vorliegende Band blickt ein Jahrhundert zurueck auf das damalige oekonomische Denken im deutschsprachigen Raum. In der Zeit um den Ersten Weltkrieg befand sich die etablierte Nationalökonomie in einer Krise – diskreditiert als apologetische Ordnungswissenschaft des Kaiserreichs, gelähmt durch Kontroversen über Methoden, Werturteile und Stellenbesetzungen, zersplittert in unvereinbare und wenig zugängliche Begriffswelten. Hierfür bieten mehrere Kapitel des Bandes eindrucksvolle Belege, z.B. anhand der Beteiligung von Volkswirten an geopolitischen und kriegswirtschaftlichen Planungen und Entscheidungen, anhand zentraler Streitfelder im Verein für Socialpolitik sowie anhand des Niedergangs der Nationalökonomie an der Wiener Universität. Es gab zu jener Zeit jedoch auch eine Fülle von Außenseitern, die beachtliche Beiträge zum ökonomischen Denken lieferten. Andere Beiträge erinnern an solche weithin vergessenen Denker, wie etwa Walther Rathenau, Oskar Stillich und Georg von Charasoff.},
      url = {http://www.duncker-humblot.de/index.php/fachgebiete/wirtschaftsundsozialwissenschaften/volkswirtschaftslehre/die-zeit-um-den-ersten-weltkrieg-als-krisenzeit-der-okonomen.html?},
      }
  • H. Trautwein, "Some international aspects of business cycles: Neisser, Haberler and modern Open Economy Macroeconomics," Journal of the History of Economic Thought, p. 32, 2016.
    @Article{,
      author = {Trautwein, Hans-Michael},
      title = {Some international aspects of business cycles: Neisser, Haberler and modern Open Economy Macroeconomics},
      journal = {Journal of the History of Economic Thought},
      year = {2016},
      pages = {32},
      abstract = {Despite the transnational character of the Great Depression of the years 1929-33, there are few works in the inter-war literature that deal in depth with the propagation of business cycles across national borders and systemic risks of depression in the world economy. Two notable exceptions are Hans Neisser’s monograph on Some International Aspects of the Business Cycle (1936) and chapter 12 in Gottfried Haberler’s Prosperity and Depression (1937), which carries the heading “International Aspects of Business Cycles”. Both works differ substantially from each other and from the modern way of thinking about international business cycles in Open Economy Macroeconomics. This paper argues that Neisser’s and Haberler’s approaches provide more straightforward routes to capturing some of the transnational aspects of the recent Great Recession (of 2008/09) than the modern standard approach. At the first stage, the two older approaches are presented and compared with each other. At the second stage, they are contrasted with the current state of open-economy macroeconomics, as represented by Uribe & Schmitt-Grohé (2014), a textbook in the making that puts international macro in a business cycle framework. Since Haberler’s account accentuates the role of transport costs, imperfections of capital markets and monetary policies, it can be used as a catalogue of criteria for checking what modern attempts to connect international trade, international finance and economic growth have got (back) in sight. More importantly, both Haberler’s and Neisser’s approach also serve to identify what has been lost out of sight.},
      keywords = {international business cycles, open economy macroeconomics, Hans Neisser, Gottfried Haberler},
      owner = {Catharina Schramm},
      timestamp = {28.11.2016},
      url = {https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2557938},
      }
  • [incollection] bibtex | Dokument aufrufen Dokument aufrufen
    H. Trautwein, "Knut Wicksell (1851-1926), Gustav Cassel (1886-1945), Gunnar Myrdal (1898-1987)," in Handbook on the History of Economic Analysis, Vol I: Great Economists since Petty and Boisguilbert, Faccarello, G. und Kurz, H. D., Eds., Edward Elgar, 2016, pp. 347-362 and further.
    @InCollection{,
      author = {Trautwein, Hans-Michael},
      title = {Knut Wicksell (1851-1926), Gustav Cassel (1886-1945), Gunnar Myrdal (1898-1987)},
      booktitle = {Handbook on the History of Economic Analysis, Vol I: Great Economists since Petty and Boisguilbert},
      publisher = {Edward Elgar},
      year = {2016},
      editor = {Gilbert Faccarello and Heinz D. Kurz},
      pages = {347 - 362 and further},
      abstract = {Opinions about the Swedish economist Gustav Cassel (1866–1945) have varied over time. Before the First World War, he made himself known as a progressive liberal who advocated social reform and trade unions as means to increase labour productivity and economic growth. In the 1920s, he was considered to be “the most influential leader of our science” (Schumpeter 1954: 1154). He advised the League of Nations and national governments on monetary policy issues, and attracted worldwide attention as a lecturer and writer of textbooks, pamphlets and articles. In the wake of the Great Depression, Cassel fell out of favour with public opinion, due to his opposition to the “new economics” of the Stockholm School, Keynes and other advocates of fiscal activism. His image shifted from that of a skilful popularizer of complex theory and “pragmatic truths” to that of a conceited vulgarizer, if not plagiarizer of Walras. In the 1980s, Cassel was reappraised as a “pioneer” of growth theory, monetary targeting, the notion of revealed preferences, and other concepts. Since then, many of these claims have been disputed or downsized. Life Karl Gustav Cassel was born into a merchant family in Stockholm in 1866. After taking a doctoral degree in mathematics in 1895, Cassel turned to studies in economics. In 1898 and 1899 he went to Germany to attend lectures of Gustav Schmoller, Adolph Wagner and other representatives of the historical school and Kathedersozialisten (socialists of the chair). On visits to England in 1901 and 1902 he made the acquaintance...},
      doi = {10.4337/9781785366642.00066},
      url = {http://www.e-elgar.com/shop/handbook-on-the-history-of-economic-analysis-volume-i},
      }
  • [incollection] bibtex | Dokument aufrufen Dokument aufrufen
    H. Trautwein, "The Stockholm (Swedish) School," in Handbook on the History of Economic Analysis, Vol. II: Schools of Thought in Economics, Faccarello, G. und Kurz, H. D., Eds., Edward Elgar, 2016, pp. 358-367.
    @InCollection{,
      author = {Trautwein, Hans-Michael},
      title = {The Stockholm (Swedish) School},
      booktitle = {Handbook on the History of Economic Analysis, Vol. II: Schools of Thought in Economics},
      publisher = {Edward Elgar},
      year = {2016},
      editor = {Gilbert Faccarello and Heinz D. Kurz},
      pages = {358-367},
      doi = {10.4337/9781785367366.00029},
      owner = {Catharina Schramm},
      timestamp = {28.11.2016},
      url = {http://www.elgaronline.com/view/9781849801119.00029.xml},
      }
  • H. Trautwein und M. Garcia-Molina, Peripheral Visions of Economic Development New frontiers in development economics and the history of economic thought, Routledge, 2016.
    @Book{, title = {Peripheral Visions of Economic Development New frontiers in development economics and the history of economic thought},
      publisher = {Routledge},
      year = {2016},
      author = {Trautwein, Hans-Michael and Garcia-Molina, Mario},
      owner = {Catharuna Schramm},
      timestamp = {28.11.2016},
      url = {https://www.routledge.com/Peripheral-Visions-of-Economic-Development-New-frontiers-in-development/Garcia-Molina-Trautwein/p/book/9781138909229},
      }
  • H. Trautwein und F. Koerner, "German Economic Models, Transnationalization and European Imbalances," Political Economy of the Eurozone, p. 32, 2016.
    @Article{,
      author = {Trautwein, Hans-Michael and Koerner, Finn},
      title = {German Economic Models, Transnationalization and European Imbalances},
      journal = {Political Economy of the Eurozone},
      year = {2016},
      pages = {32},
      abstract = {Germany’s net exports and macroeconomic policy stance are controversial issues in current debates about the Eurozone debt crisis. This paper shows that both are characteristics of what has been described in a variety of political economy literatures as the German socio-economic model. We argue that the model has evolved in three stages, from the economic miracle of the post-war era through the era of “Germany Inc.” and Bundesbank hegemony to the present transnationalization of German industries and finance. The three stages of the German model – or Models D, mark I-III – correspond closely to the exchange rate regimes of Bretton Woods, the European Monetary System and European Monetary Union (EMU). We describe them in three analogous settings that specify their different working conditions under the respective exchange-rate regime, following a chronology of success, dynamic instability and transformation. We point out that, while the German economy has under-gone substantial changes, there are two different mindsets of model thinking in Germany that have been remarkably persistent in public debate. We refer to these two mindsets as ordoliberalism and neo-mercantilism. Ordoliberalism is the normative mindset of policy speakers and academic economists, whereas neo-mercantilism is the practical mindset of policymakers and business leaders. We discuss the differences and complementary uses of these modes of German model thinking and draw attention to their flaws and inadequacies at the present stage of European integration and transnationalization of the German economy.},
      keywords = {macroeconomic policy regimes, export-led growth, global imbalances, ordoliberalism, neo-mercantilism},
      owner = {Catharina Schramm},
      timestamp = {28.11.2016},
      url = {https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2378178},
      }
  • H. Welsch, "Electricity Externalities, Siting, and the Energy Mix: A Review," International Review of Environmental and Resource Economics, vol. 10, iss. 1, pp. 57-94, 2016.
    @Article{,
      author = {Welsch, Heinz},
      title = {Electricity Externalities, Siting, and the Energy Mix: A Review},
      journal = {International Review of Environmental and Resource Economics},
      year = {2016},
      volume = {10},
      number = {1},
      pages = {57-94},
      abstract = {While early literature on electricity externalities was largely concerned with fossil fuel power generation and the associated emissions, nuclear accidents (Chernobyl, Fukushima) and the large-scale deployment of renewable energy facilities have spurred a wave of research on the externalities of nuclear power and renewable energies. The issue is important because many countries have started reconsidering their energy policies, and the externalities from electricity generation play a major role in the benefit–cost analysis of relevant options. This paper reviews the literature on electricity-related externalities. It starts by discussing their nature and the methods employed in valuing them. It finds that appraisals of electricity externalities are complicated because of heterogeneity of both the externalities themselves and the methods applied in measuring them. The paper reviews valuation studies of the externalities from fossil fuel, nuclear and renewable sources, and it discusses the relevance of their findings for the siting of plants and the electricity mix. It concludes by pointing out gaps in our knowledge about electricity externalities that deserve to be addressed in future research.},
      doi = {10.1561/101.00000083},
      keywords = {Electricity generation, Externalities, Fossil fuels, Nuclear power, Renewable energy, Siting, Electricity mix, Property value, Willingness to pay, Subjective well-being.},
      url = {http://dx.doi.org/10.1561/101.00000083},
      }
  • H. Welsch und P. Biermann, "Measuring Nuclear Power Plant Externalities Using Life Satisfaction Data: A Spatial Analysis for Switzerland," Ecological Economics, vol. 126, pp. 98-111, 2016.
    @Article{,
      author = {Welsch, Heinz and Biermann, Philipp},
      title = {Measuring Nuclear Power Plant Externalities Using Life Satisfaction Data: A Spatial Analysis for Switzerland},
      journal = {Ecological Economics},
      year = {2016},
      volume = {126},
      pages = {98-111},
      abstract = {We investigate the relationship between Swiss citizens' life satisfaction (understood as a proxy of utility) and the distance of their place of residence from the nearest nuclear power plant. Using survey data for up to 12,264 Swiss citizens, elicited in February–August 2011, and several specifications of distance, we find a statistically and economically significant satisfaction-distance gradient. The gradient is smaller for those who may feel protected by wind direction and topographical conditions, and it differs by age, sex, and the level of education. The satisfaction-distance gradient has changed significantly after the nuclear disaster at Fukushima, Japan, indicating a reassessment of distance-dependent nuclear risk due to an information shock.},
      doi = {dx.doi.org/10.1016/j.ecolecon.2016.02.016},
      url = {http://dx.doi.org/10.1016/j.ecolecon.2016.02.016},
      }
  • H. Welsch und J. Kuehling, "Affective States and the Notion of Happiness," Journal of Happiness and Well-Being 4, vol. 4, iss. 1, pp. 101-114, 2016.
    @Article{,
      author = {Welsch, Heinz and Kuehling, Jan},
      title = {Affective States and the Notion of Happiness},
      journal = {Journal of Happiness and Well-Being 4},
      year = {2016},
      volume = {4},
      number = {1},
      pages = {101-114},
      abstract = {Social surveys have increasingly elicited citizen’s happiness and life satisfaction, but the content of these notions is vague. This paper uses correlation and regression analysis of survey data from a student sample (N = 144) to explore how reports of happiness and life satisfaction are related to measures of positive affect (PA) and negative affect (NA). Major findings are the following: (1) PA and NA levels jointly predict happiness better than they predict life satisfaction. (2) PA levels predict happiness better than do NA levels. (3) NA levels predict life satisfaction better than do PA levels. (4) The PA items that predict happiness include those that predict life satisfaction (but not vice versa). (5) The NA items that predict happiness are distinct from those that predict life satisfaction. The study contributes to the literature by characterizing reported happiness and life satisfaction in terms of the specific positive and negative affects involved, thus clarifying their respective affective state content. Finding (4) is consistent with the mediator model of affective and cognitive well-being, according to which people in part directly rely on the affective component to judge life satisfaction. Given the nature and size of our sample, the results are indicative, and the study should inspire future research that strives to validate our findings in different contexts.},
      url = {http://www.journalofhappiness.net/search},
      }
  • H. Welsch und J. Kuehling, "How Has the Crisis of 2008-2009 Affected Subjective Well-Being? Evidence from 25 OECD Countries," Bulletin of Economic Research 68, vol. 68, iss. 1, pp. 34-54, 2016.
    @Article{,
      author = {Welsch, Heinz and Kuehling, Jan},
      title = {How Has the Crisis of 2008-2009 Affected Subjective Well-Being? Evidence from 25 OECD Countries},
      journal = {Bulletin of Economic Research 68},
      year = {2016},
      volume = {68},
      number = {1},
      pages = {34-54},
      abstract = {This paper uses life satisfaction data of almost 140,000 individuals in 25 OECD countries to study how changes in the rates of GDP growth, unemployment, and inflation during the macroeconomic crisis of 2008–09 have affected subjective well-being. The relative contributions of the three macroe- conomic variables to individuals’ life satisfaction are used to assess how each country performed on balance during the crisis. This approach follows a recent trend of using subjective well-being data for monitoring economic performance and for policy appraisal. We find that in the countries most strongly affected by the crisis, the effects on an average citizen’s well-being may be of a similar magnitude as the effects of the most serious personal life events. The main driver of these effects is the drop in GDP, whose impact is aggravated by the increase of unemployment. Though the inflation rate went down in several of the countries, the effect was too weak to significantly reduce the negative effect of the changes in GDP and unemployment. The results show that GDP fluctuations are important drivers of subjective well-being.},
      doi = {10.1111/boer.12042},
      url = {http://onlinelibrary.wiley.com/doi/10.1111/boer.12042/pdf},
      }
  • H. Welsch und J. Kuehling, "Macroeconomic Performance and Institutional Change: Evidence from Subjective Well-Being Data," Journal of Applied Economics, vol. 19, pp. 193-217, 2016.
    @Article{,
      author = {Welsch, Heinz and Kuehling, Jan},
      title = {Macroeconomic Performance and Institutional Change: Evidence from Subjective Well-Being Data},
      journal = {Journal of Applied Economics},
      year = {2016},
      volume = {19},
      pages = {193-217},
      abstract = {The relationship between macroeconomic performance and institutional change is explored in member countries of the Organization for Economic Cooperation and Development (OECD). We first assess the effects of national income growth, unemployment and inflation on subjective well-being (SWB) in thirty OECD countries, and employ the relationships found to construct an index of macroeconomic performance in terms of SWB. Applying the index to the period 1990-2009, we find that macroeconomic performance has improved in OECD overall and in the majority of countries, and that there has been a convergence of performance within the OECD. We then present evidence that OECD countries’ performance, as measured, is positively related to institutional change towards more trade openness and better institutional quality. We argue that both increased openness and improved institutional quality are correlates of economic and political integration and conclude that international integration has enhanced SWB by improving OECD countries’ national macroeconomic performance.},
      doi = {http://dx.doi.org/10.1016/S1514-0326(16)30008-3},
      keywords = {macroeconomic performance; institutional change; international integration; subjective well-being; OECD},
      url = {http://dx.doi.org/10.1016/S1514-0326(16)30008-3},
      }
  • H. Welsch und J. Kuehling, "Green Status Seeking and Endogenous Reference Standards," Environmental Economics and Policy Studies, vol. 18, iss. 4, pp. 625-643, 2016.
    @Article{,
      author = {Welsch, Heinz and Kuehling, Jan},
      title = {Green Status Seeking and Endogenous Reference Standards},
      journal = {Environmental Economics and Policy Studies},
      year = {2016},
      volume = {18},
      number = {4},
      pages = {625-643},
      abstract = {We develop and test a model of social comparison in which individuals gain status through green consumption relative to the green consumption of their peers and in which they strategically choose their peers so as to maximize total utility. In our framework consumers first choose their peers and associated green reference standard, taking into account that later this will affect the benefits and costs of green consumption choices. By using a unique set of survey data, we find evidence consistent with our framework of green status seeking and endogenous green reference standards. Environmental concern is found to have an important indirect effect on green consumption choices as it implies a more ambitious reference standard.},
      doi = {10.1007/s10018-015-0134-1},
      keywords = {Pro-environmental consumption, Status seeking, Endogenous reference standard, Conspicuous conservation, Social comparison},
      url = {http://link.springer.com/article/10.1007/s10018-015-0134-1},
      }
  • H. Welsch, P. Schulte, und S. Rexhaeuser, "ICT and the Demand for Energy: Evidence from OECD Countries," Environmental and Resource Economics, vol. 63, iss. 1, pp. 119-146, 2016.
    @Article{,
      author = {Welsch, Heinz and Schulte, Patrick and Rexhaeuser, Sascha},
      title = {ICT and the Demand for Energy: Evidence from OECD Countries},
      journal = {Environmental and Resource Economics},
      year = {2016},
      volume = {63},
      number = {1},
      pages = {119-146},
      abstract = {Information and communication technology (ICT) has been ascribed a crucial role for raising resource and energy efficiency and thereby contributing to environmental abatement. We investigate this conjecture by providing evidence on the relationship between ICT and energy demand. Using a cross-country cross-industry panel data set covering 13 years, 10 OECD countries, and 27 industries, our results show that ICT is associated with a significant reduction in total energy demand. This relationship differs with regard to different types of energy. ICT is negatively related to the demand for non-electric energy, but is not associated with a significant change in the demand for electric energy. Quantitatively, the effect of ICT on energy demand is greater than that on labor demand. The results survive several robustness checks which allow for various forms of heterogeneity and tackle the potential endogeneity of ICT capital.},
      doi = {10.1007/s10640-014-9844-2},
      url = {http://dx.doi.org/10.1007/s10640-014-9844-2},
      }

Publikationen 2015

  • C. Helm und R. C. Schmidt, "Climate cooperation with technology investments and border carbon adjustment," European Economic Review, vol. 75, pp. 112-130, 2015.
    @Article{Helm2015112,
      author = {Carsten Helm and Robert C. Schmidt},
      title = {Climate cooperation with technology investments and border carbon adjustment},
      journal = {European Economic Review},
      year = {2015},
      volume = {75},
      pages = {112 - 130},
      abstract = {Abstract A central question in climate policy is whether early investments in low-carbon technologies are a useful first step towards a more effective climate agreement in the future. We introduce a climate cooperation model with endogenous R&D investments where countries protect their international competitiveness via border carbon adjustments (BCA). \{BCA\} raises the scope for cooperation and leads to a non-trivial relation between countries? prior R&D investments and participation in the coalition. We find that early investments in R&D render free-riding more attractive. Therefore, with delayed cooperation on emission abatement and ex-ante R&D investments, the outcome is often characterized by high participation but inefficiently low technology investments and abatement.},
      doi = {http://dx.doi.org/10.1016/j.euroecorev.2015.01.007},
      issn = {0014-2921},
      keywords = {Climate treaty, Border carbon adjustment, Border tax adjustment, Coalitions, R&D },
      url = {http://www.sciencedirect.com/science/article/pii/S0014292115000082},
      }
  • C. Helm und S. Pichler, "Climate Policy with Technology Transfers and Permit Trading," Environmental and Resource Economics, vol. 60, pp. 37-54, 2015.
    @Article{,
      author = {Carsten Helm and Stefan Pichler},
      title = {Climate Policy with Technology Transfers and Permit Trading},
      journal = {Environmental and Resource Economics},
      year = {2015},
      volume = {60},
      pages = {37 - 54},
      month = {April},
      abstract = {In this paper, we analyze technology transfers (TT) and tradable emission rights, which are core issues of the ongoing climate negotiations. Subsidizing TT leads to the adoption of better abatement technologies in the South, thereby reducing the international permit price. This is beneficial for the North as long as it is a permit buyer; hence it chooses to subsidize TT. By contrast, the permit selling South suffers from the lower permit price and its welfare usually deteriorates, despite receiving subsidies. We also consider how TT affects countries' non-cooperative choices of permit endowments and nd that it tends to reduce overall emissions. Finally, a simple numerical simulation model illustrates some results and explores some further comparative statics.},
      comment = {Open access view-only version (SharedIt):},
      institution = {University of Oldenburg, Department of Economics},
      keywords = {emissions trading; technology transfer; international climate policy.},
      owner = {PC},
      timestamp = {2013.12.30},
      url = {http://rdcu.be/mFGb},
      }
  • C. Böhringer, A. Müller, und J. Schneider, "Carbon Tariffs Revisited," Journal of the Association of Environmental and Resource Economists, vol. 2, iss. 4, pp. 629-672, 2015.
    @Article{B_hringer_2015,
      author = {Christoph B{\"o}hringer and Andr{\'{e}} M{\"u}ller and Jan Schneider},
      title = {Carbon Tariffs Revisited},
      journal = {Journal of the Association of Environmental and Resource Economists},
      year = {2015},
      volume = {2},
      number = {4},
      pages = {629--672},
      month = {dec},
      doi = {10.1086/683607},
      publisher = {University of Chicago Press},
      url = {http://dx.doi.org/10.1086/683607},
      }
  • C. Böhringer und M. Behrens, "Interactions of emission caps and renewable electricity support schemes," Journal of Regulatory Economics, vol. 48, iss. 1, pp. 74-96, 2015.
    @Article{B_hringer_2015,
      author = {Christoph B{\"o}hringer and Manuela Behrens},
      title = {Interactions of emission caps and renewable electricity support schemes},
      journal = {Journal of Regulatory Economics},
      year = {2015},
      volume = {48},
      number = {1},
      pages = {74--96},
      month = {may},
      doi = {10.1007/s11149-015-9279-x},
      publisher = {Springer Science $\mathplus$ Business Media},
      url = {http://dx.doi.org/10.1007/s11149-015-9279-x},
      }
  • C. Böhringer und M. Bortolamedi, "Sense and no(n)-sense of energy security indicators," Ecological Economics, vol. 119, pp. 359-371, 2015.
    @Article{B_hringer_2015,
      author = {Christoph B{\"o}hringer and Markus Bortolamedi},
      title = {Sense and no(n)-sense of energy security indicators},
      journal = {Ecological Economics},
      year = {2015},
      volume = {119},
      pages = {359--371},
      month = {nov},
      doi = {http://dx.doi.org/10.1016/j.ecolecon.2015.09.020},
      publisher = {Elsevier {BV}},
      url = {http://dx.doi.org/10.1016/j.ecolecon.2015.09.020},
      }
  • C. Böhringer, N. Rivers, T. Rutherford, und R. Wigle, "Sharing the burden for climate change mitigation in the Canadian federation," Canadian Journal of Economics, vol. 48, iss. 4, pp. 1350-1380, 2015.
    @Article{B_hringer_2015,
      author = {Christoph B{\"o}hringer and Nicholas Rivers and Thomas Rutherford and Randall Wigle},
      title = {Sharing the burden for climate change mitigation in the Canadian federation},
      journal = {Canadian Journal of Economics},
      year = {2015},
      volume = {48},
      number = {4},
      pages = {1350--1380},
      month = {nov},
      doi = {10.1111/caje.12152},
      publisher = {Wiley-Blackwell},
      url = {http://dx.doi.org/10.1111/caje.12152},
      }
  • C. Böhringer, T. F. Rutherford, D. G. Tarr, und N. Turdyeva, "Market Structure and the Environmental Implications of Trade Liberalization: Russias Accession to the World Trade Organization," Review of International Economics, vol. 23, iss. 5, pp. 897-923, 2015.
    @Article{B_hringer_2015,
      author = {Christoph B{\"o}hringer and Thomas F. Rutherford and David G. Tarr and Natalia Turdyeva},
      title = {Market Structure and the Environmental Implications of Trade Liberalization: Russias Accession to the World Trade Organization},
      journal = {Review of International Economics},
      year = {2015},
      volume = {23},
      number = {5},
      pages = {897--923},
      month = {oct},
      doi = {10.1111/roie.12197},
      publisher = {Wiley-Blackwell},
      url = {http://dx.doi.org/10.1111/roie.12197},
      }
  • E. Asane-Otoo und J. Schneider, "Retail fuel price adjustment in Germany: A threshold cointegration approach," Energy Policy, vol. 78, pp. 1-10, 2015.
    @Article{AsaneOtoo20151,
      author = {Emmanuel Asane-Otoo and Jan Schneider},
      title = {Retail fuel price adjustment in Germany: A threshold cointegration approach},
      journal = {Energy Policy},
      year = {2015},
      volume = {78},
      pages = {1 - 10},
      abstract = {Abstract Consumers in Germany often complain that retail fuel prices usually adjust quickly to crude oil price increases than decreases and characterize this pricing pattern as market power exploitation. In this paper, we use both weekly national and daily city-specific (Berlin, Hamburg, Munich and Cologne) data to investigate the extent to which retail fuel prices in Germany adjust to changes in the international crude oil price. At the national level with weekly prices, we find positive asymmetries for both gasoline and diesel within the period 2003–2007, reflecting that retail prices react more swiftly to crude oil price increases than decreases. In contrast, for 2009–2013, we observe symmetric adjustment and negative asymmetry for retail diesel and gasoline prices, respectively. The city level analysis supports our findings in the latter time period. Thus, regulatory measures aimed at the retail fuel market over recent years seem to have been effective, and, contrary to consumers' perception, we find no evidence for excessive market power or collusion. },
      doi = {http://dx.doi.org/10.1016/j.enpol.2014.12.013},
      issn = {0301-4215},
      keywords = {Asymmetry, Error correction models, Threshold cointegration, Retail fuel price },
      url = {http://www.sciencedirect.com/science/article/pii/S0301421514006788},
      }
  • N. Anger, E. Asane-Otoo, C. Böhringer, und U. Oberndorfer, "Public interest versus interest groups: a political economy analysis of allowance allocation under the EU emissions trading scheme," International Environmental Agreements: Politics, Law and Economics, vol. 16, iss. 5, pp. 621-638, 2015.
    @Article{Anger_2015,
      author = {Niels Anger and Emmanuel Asane-Otoo and Christoph B{\"o}hringer and Ulrich Oberndorfer},
      title = {Public interest versus interest groups: a political economy analysis of allowance allocation under the {EU} emissions trading scheme},
      journal = {International Environmental Agreements: Politics, Law and Economics},
      year = {2015},
      volume = {16},
      number = {5},
      pages = {621--638},
      month = {apr},
      doi = {10.1007/s10784-015-9285-6},
      publisher = {Springer Nature},
      url = {http://dx.doi.org/10.1007/s10784-015-9285-6},
      }
  • R. W. Stecking und K. Schebesch, "Classification of credit scoring data with privacy constraints," Intelligent Data Analysis, vol. 19, iss. s1, pp. 3-18, 2015.
    @Article{,
      author = {Stecking, Ralf Werner and Schebesch, Klaus},
      title = {Classification of credit scoring data with privacy constraints},
      journal = {Intelligent Data Analysis},
      year = {2015},
      volume = {19},
      number = {s1},
      pages = {3-18},
      abstract = {Modern data collections create vast opportunities for detecting useful hidden relationships. Also, increasingly, they fuel data privacy concerns. A trade-off between privacy protection and data usefulness is by now widely acknowledged. Real world data classification tasks, as for example credit scoring applications have to deal with such data security limitations by finding a way to effectively incorporate privacy preserving procedures. To this end we propose as a first stage to use a microaggregation procedure in order to anonymize data over personal credit client feature information. In a second stage we examine the performance of support vector machines (SVM) on such anonymized data. SVM are powerful and robust machine learning methods, having superior credit scoring classification performance when applied to original, non-anonymized data. We first partition the original credit scoring data set and construct anonymized data representatives, which are then used for credit client behavior forecasting models constructed by SVM and other comparable learning methods. The validation procedure for such models is adapted to the two-stage modeling approach. In order to assess the loss owing to data anonymization, the different classification models are evaluated against models that are trained on the original data.},
      doi = {10.3233/IDA-150767},
      keywords = {Data privacy, microaggregation, credit scoring, support vector machines},
      url = {http://dx.doi.org/10.3233/IDA-150767},
      }
  • H. Trautwein und F. M. Koerner, "Rating Sovereign Debt in a Monetary Union - Original Sin by Transnational Governance," Journal of Risk Finance, iss. 3, pp. 253-283, 2015.
    @Article{,
      author = {Trautwein, Hans-Michael and Koerner, Finn Marten},
      title = {Rating Sovereign Debt in a Monetary Union - Original Sin by Transnational Governance},
      journal = {Journal of Risk Finance},
      year = {2015},
      number = {3},
      pages = {253-283},
      abstract = {It is frequently argued that credit rating agencies (CRAs) have acted procyclically in their rating of sovereign debt in the European Monetary Union (EMU). They are believed to have under-rated sovereign risk in the early years of EMU, when integrated financial markets provided easier access to liquidity, and to have contributed to the recent Eurozone debt crisis by over-rating the lack of (individual) monetary sovereignty that EMU entails for its member states. Yet, there is little direct evidence for this so far. While CRAs are quite explicit about their risk assessments concerning public debt that is denominated in foreign currency, the same cannot be said about their treatment of sovereign debt issued in the currency of a monetary union. We examine the major CRAs’ methodologies for rating sovereign debt and test their ratings for a monetary union bonus in good times and a malus, akin to the 'original sin' problem of emerging market countries, in bad times. Using a newly compiled dataset of quarterly sovereign bond ratings from 1990 until 2012, we find some evidence that EMU countries received a rating bonus on euro-denominated debt before the global financial crisis and a large penalty after 2007.},
      keywords = {Credit rating agencies, rating methodologies, sovereign debt, monetary union},
      url = {https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2458378},
      }
  • [article] bibtex
    H. Welsch und J. Kuehling, "Macroeconomic Preferences by Income and Education Level: Evidence from Subjective Well-Being Data," Review of Economics and Finance, vol. 5, pp. 15-32, 2015.
    @Article{,
      author = {Welsch, Heinz and Kuehling, Jan},
      title = {Macroeconomic Preferences by Income and Education Level: Evidence from Subjective Well-Being Data},
      journal = {Review of Economics and Finance},
      year = {2015},
      volume = {5},
      pages = {15-32},
      abstract = {Using subjective well-being data for more than 91,000 individuals in 30 OECD countries from 1990 to 2008, we study how people¡¯s implicit aversion towards inflation and unemployment varies with income and education. While inflation aversion decreases with income and increases with the education level, unemployment aversion is independent of income and decreases with the level of education. In spite of income and education dependence, aversion towards inflation is less than aversion towards unemployment not just on average but at all levels of income and education. This suggests that issues of social incidence are not a dominant concern for macroeconomic policy making on anti-inflation and anti-unemployment policies.},
      }
  • H. Welsch und J. Kuehling, "Income Comparison, Income Formation, and Subjective Well-Being: New Evidence on Envy versus Signaling," Journal of Behavioral and Experimentals Economics, vol. 59, pp. 21-31, 2015.
    @Article{,
      author = {Welsch, Heinz and Kuehling, Jan},
      title = {Income Comparison, Income Formation, and Subjective Well-Being: New Evidence on Envy versus Signaling},
      journal = {Journal of Behavioral and Experimentals Economics},
      year = {2015},
      volume = {59},
      pages = {21-31},
      abstract = {Drawing on the distinction between envy and signaling effects in income comparison, this paper uses panel data on subjective well-being from Germany over the period 1991–2009 to study whether the nature of income comparison has changed in the process of economic development and institutional change. We con- ceptualize a person’s comparison income as the income predicted by indicators of her productivity and exam- ine if comparison effects have changed with changes in the income–productivity relationship. We find that (i) after a series of institutional reforms that affected income formation, incomes are now better explained by productivity than they were before the reforms, (ii) before the reforms, signaling was the dominant concern in East Germany whereas envy was dominant in West Germany, (iii) since the reforms, no dominance of envy or signaling effects can be found.},
      doi = {10.1016/j.socec.2015.09.004},
      url = {http://ac.els-cdn.com/S221480431500107X/1-s2.0-S221480431500107X-main.pdf?_tid=a538a8a4-f76d-11e6-baaa-00000aacb360&acdnat=1487596277_c1d86e84642d9486c5c6dd096cad1394},
      }
  • H. Welsch, K. Rehdanz, D. Narita, und T. Okubo, "Well-Being Effects of a Major Natural Disaster: The Case of Fukushima," Journal of Economic Behavior and Organization, vol. 116, pp. 500-517, 2015.
    @Article{,
      author = {Welsch, Heinz and Rehdanz, Katrin and Narita, Daiju and Okubo, Toshihiro},
      title = {Well-Being Effects of a Major Natural Disaster: The Case of Fukushima},
      journal = {Journal of Economic Behavior and Organization},
      year = {2015},
      volume = {116},
      pages = {500-517},
      month = {08},
      doi = {10.1016/j.jebo.2015.05.014},
      url = {http://dx.doi.org/10.1016/j.jebo.2015.05.014},
      }

Publikationen 2014

  • C. Böhringer, T. F. Rutherford, und M. Springmann, "Clean-Development Investments: An Incentive-Compatible CGE Modelling Framework," Environmental and Resource Economics, vol. 60, iss. 4, pp. 633-651, 2014.
    @Article{B_hringer_2014,
      author = {Christoph B{\"o}hringer and Thomas F. Rutherford and Marco Springmann},
      title = {Clean-Development Investments: An Incentive-Compatible {CGE} Modelling Framework},
      journal = {Environmental and Resource Economics},
      year = {2014},
      volume = {60},
      number = {4},
      pages = {633--651},
      month = {feb},
      doi = {10.1007/s10640-014-9762-3},
      publisher = {Springer Nature},
      url = {http://dx.doi.org/10.1007/s10640-014-9762-3},
      }
  • C. Böhringer, C. Fischer, und K. E. Rosendahl, "Cost-effective unilateral climate policy design: Size matters," Journal of Environmental Economics and Management, vol. 67, iss. 3, pp. 318-339, 2014.
    @Article{B_hringer_2014,
      author = {Christoph B{\"o}hringer and Carolyn Fischer and Knut Einar Rosendahl},
      title = {Cost-effective unilateral climate policy design: Size matters},
      journal = {Journal of Environmental Economics and Management},
      year = {2014},
      volume = {67},
      number = {3},
      pages = {318--339},
      month = {may},
      doi = {http://dx.doi.org/10.1016/j.jeem.2013.12.008},
      publisher = {Elsevier {BV}},
      url = {http://dx.doi.org/10.1016/j.jeem.2013.12.008},
      }
  • [article] bibtex
    C. Böhringer und A. Müller, "Environmental tax reforms in Switzerland: a computable general equilibrium impact analysis," Swiss Journal of Economics and Statistics, vol. 150, iss. 1, pp. 1-21, 2014.
    @Article{123,
      author = {Christoph B{\"o}hringer and Andre M{\"u}ller},
      title = {Environmental tax reforms in Switzerland: a computable general equilibrium impact analysis},
      journal = {Swiss Journal of Economics and Statistics},
      year = {2014},
      volume = {150},
      number = {1},
      pages = {1-21},
      }
  • C. Böhringer, A. Lange, und T. F. Rutherford, "Optimal emission pricing in the presence of international spillovers: Decomposing leakage and terms-of-trade motives," Journal of Public Economics, vol. 110, pp. 101-111, 2014.
    @Article{B_hringer_2014,
      author = {Christoph B{\"o}hringer and Andreas Lange and Thomas F. Rutherford},
      title = {Optimal emission pricing in the presence of international spillovers: Decomposing leakage and terms-of-trade motives},
      journal = {Journal of Public Economics},
      year = {2014},
      volume = {110},
      pages = {101--111},
      month = {feb},
      doi = {http://dx.doi.org/10.1016/j.jpubeco.2013.11.011},
      publisher = {Elsevier {BV}},
      url = {http://dx.doi.org/10.1016/j.jpubeco.2013.11.011},
      }
  • C. Böhringer, B. Dijkstra, und K. E. Rosendahl, "Sectoral and regional expansion of emissions trading," Resource and Energy Economics, vol. 37, pp. 201-225, 2014.
    @Article{B_hringer_2014,
      author = {Christoph B{\"o}hringer and Bouwe Dijkstra and Knut Einar Rosendahl},
      title = {Sectoral and regional expansion of emissions trading},
      journal = {Resource and Energy Economics},
      year = {2014},
      volume = {37},
      pages = {201--225},
      month = {aug},
      doi = {http://dx.doi.org/10.1016/j.reseneeco.2013.12.003},
      publisher = {Elsevier {BV}},
      url = {http://dx.doi.org/10.1016/j.reseneeco.2013.12.003},
      }
  • N. Anger, C. Böhringer, und A. Lange, "The political economy of energy tax differentiation across industries: theory and empirical evidence," Journal of Regulatory Economics, vol. 47, iss. 1, pp. 78-98, 2014.
    @Article{Anger_2014,
      author = {Niels Anger and Christoph B{\"o}hringer and Andreas Lange},
      title = {The political economy of energy tax differentiation across industries: theory and empirical evidence},
      journal = {Journal of Regulatory Economics},
      year = {2014},
      volume = {47},
      number = {1},
      pages = {78--98},
      month = {dec},
      doi = {10.1007/s11149-014-9264-9},
      publisher = {Springer Nature},
      url = {http://dx.doi.org/10.1007/s11149-014-9264-9},
      }
  • C. Böhringer, "Two Decades of European Climate Policy: A Critical Appraisal," Review of Environmental Economics and Policy, vol. 8, iss. 1, pp. 1-17, 2014.
    @Article{Bohringer_2014,
      author = {C. B{\"o}hringer},
      title = {Two Decades of European Climate Policy: A Critical Appraisal},
      journal = {Review of Environmental Economics and Policy},
      year = {2014},
      volume = {8},
      number = {1},
      pages = {1--17},
      month = {jan},
      doi = {10.1093/reep/ret018},
      publisher = {Oxford University Press ({OUP})},
      url = {http://dx.doi.org/10.1093/reep/ret018},
      }
  • [article] bibtex
    C. Böhringer, K. E. Rosendahl, und J. Schneider, "Unilateral Climate Policy: Can OPEC resolve the Leakage Problem?," The Energy Journal, vol. 35, iss. 4, pp. 79-100, 2014.
    @Article{12,
      author = {C. B{\"o}hringer and Knut Einar Rosendahl and Jan Schneider},
      title = {Unilateral Climate Policy: Can OPEC resolve the Leakage Problem?},
      journal = {The Energy Journal},
      year = {2014},
      volume = {35},
      number = {4},
      pages = {79-100},
      }
  • H. Welsch und P. Biermann, "Fukushima and the Preference for Nuclear Power in Europe: Evidence from Subjective Well-Being Data," Ecological Economics, vol. 108, pp. 171-179, 2014.
    @Article{,
      author = {Welsch, Heinz and Biermann, Philipp},
      title = {Fukushima and the Preference for Nuclear Power in Europe: Evidence from Subjective Well-Being Data},
      journal = {Ecological Economics},
      year = {2014},
      volume = {108},
      pages = {171-179},
      month = {12},
      abstract = {The sustainable supply of energy is high on the agenda of many European countries. One of the pertinent issues, the future role of nuclear power, has gained increasing attention after the nuclear disaster at Fukushima, Japan. As a contribution to preference elicitation, we test whether the relationship between subjective well-being (SWB) of European citizens and the supply of nuclear power has changed after the Fukushima nuclear accident of March 11, 2011. Survey data for about 124,000 individuals in 23 European countries reveal that while European citizens' SWB was statistically unrelated to the share of nuclear power before the Fukushima disaster, it was negatively related to the nuclear share after the disaster. Taking the relationship between SWB and the nuclear share as an indicator of preference, this suggests the existence of an induced preference change.},
      doi = {10.1016/j.ecolecon.2014.10.022},
      url = {http://dx.doi.org/10.1016/j.ecolecon.2014.10.022},
      }
  • H. Welsch und P. Biermann, "”Electricity Supply Preferences in Europe: Evidence from Subjective Well-Being Data," Resource and Energy Economics, vol. 38, pp. 38-60, 2014.
    @Article{,
      author = {Welsch, Heinz and Biermann, Philipp},
      title = {”Electricity Supply Preferences in Europe: Evidence from Subjective Well-Being Data},
      journal = {Resource and Energy Economics},
      year = {2014},
      volume = {38},
      pages = {38-60},
      month = {11},
      abstract = {We use survey data for 139,517 individuals in 25 European countries, 2002–2011, to estimate the relationship between subjective well-being (SWB) and production shares of various electricity generation technologies. The estimated relationships are taken to represent preference relationships over attributes of electricity supply systems (costs, safety, environmental friendliness, etc.). Controlling for a variety of individual and macro-level factors, we find that individuals’ SWB varies systematically and significantly with differences in the electricity mix across countries and across time. Among other results, we find that a greater share of solar & wind power relative to nuclear power and electricity from coal and oil is associated with greater SWB at all levels of income and that the implied preference for solar & wind power over nuclear power has risen drastically after the Fukushima nuclear accident.},
      doi = {10.1016/j.reseneeco.2014.05.003},
      url = {http://dx.doi.org/10.1016/j.reseneeco.2014.05.003},
      }
  • E. Goeren, "How Ethnic Diversity Affects Economic Growth," World Development, vol. 59, pp. 275-297, 2014.
    @Article{,
      author = {Goeren, Erkan},
      title = {How Ethnic Diversity Affects Economic Growth},
      journal = {World Development},
      year = {2014},
      volume = {59},
      pages = {275-297},
      abstract = {This paper investigates the empirical relationship between ethnic diversity, polarization, and economic growth. Ethnicity is assumed to affect economic growth through a number of possible transmission channels that are generally included in cross-country growth regressions. This paper provides an extensive empirical analysis shedding light on the various sources through which ethnic diversity and polarization affects economic growth indirectly. It advances and empirically establishes the hypothesis that ethnic diversity has a strong direct negative impact on economic growth, whereas ethnic polarization has non-negligible indirect economic effects through the specified channel variables.},
      url = {http://dx.doi.org/10.1016/j.worlddev.2014.01.012},
      }
  • H. Trautwein, "Three macroeconomic syntheses of vintage 1937: Hicks, Haberler and Lundberg," Journal of the History of Economic Thought, pp. 839-870, 2014.
    @Article{,
      author = {Trautwein, Hans-Michael},
      title = {Three macroeconomic syntheses of vintage 1937: Hicks, Haberler and Lundberg},
      journal = {Journal of the History of Economic Thought},
      year = {2014},
      pages = {839-870},
      url = {http://dx.doi.org/10.1080/09672567.2013.873944},
      }
  • [incollection] bibtex | Dokument aufrufen Dokument aufrufen
    H. Trautwein, "Die Entwicklung der Raumwirtschaftslehre von ihren Anfaengen bis in die Gegenwart," in Studien zur Entwicklung der oekonomischen Theorie Vol.XXIX (Schriften des Vereins für Socialpolitik 115/XXIX), Duncker and Humblot, 2014, p. 371.
    @InCollection{,
      author = {Trautwein, Hans-Michael},
      title = {Die Entwicklung der Raumwirtschaftslehre von ihren Anfaengen bis in die Gegenwart},
      booktitle = {Studien zur Entwicklung der oekonomischen Theorie Vol.XXIX (Schriften des Vereins für Socialpolitik 115/XXIX)},
      publisher = {Duncker and Humblot},
      year = {2014},
      pages = {371},
      abstract = {Die Beiträge zum vorliegenden Band befassen sich mit der Entwicklung des Nachdenkens über den Raum als Dimension wirtschaftlichen Handelns. Ihr Zeithorizont reicht von der Stadtentwicklungstheorie Giovanni Boteros im 16. Jahrhundert bis zur »Neuen Ökonomischen Geographie« alias »geographischen Ökonomik« der Gegenwart. In mehreren Beiträgen wird aufgezeigt, wie man mit Hilfe des historischen Fundus an ökonomischen Theorien Städte und Landschaften lesen kann. Eine gleichmäßig flächendeckende Behandlung der Geschichte der Raumwirtschaftslehre soll der Band allerdings nicht leisten. Er enthält vielmehr zwei Schwerpunkte, die sicherlich auch für kundige Leser Neues enthalten. Der erste ist eine Gesamtschau auf Thünens raumwirtschaftliches Gleichgewichtsmodell, die reichhaltige und tiefgründige Überlegungen aus Thünens unveröffentlichten Manuskripten einbezieht. Der zweite Schwerpunkt ist die historische Darstellung und analytische Betrachtung der Raumforschung deutscher Wirtschaftswissenschaftler während und nach der NS-Zeit. Darin wird unter anderem deutlich, wie eng etliche Ökonomen – von denen einige später in der Bundesrepublik Ansehen genossen – während des Krieges unter dem Leitbegriff »Raumordnung« in die Planung der Umsiedlung und Vernichtung von Juden und anderen Ortsansässigen in den eroberten Gebieten im Osten eingebunden waren.},
      url = {http://www.duncker-humblot.de/index.php/die-entwicklung-der-raumwirtschaftslehre-von-ihren-anfangen-bis-in-die-gegenwart.html?},
      }
  • H. Trautwein, B. Sandelin, und R. Wundrak, A Short History of Economic Thought (3rd ed., witht Bo Sandelin and Richard Wundrak), 3rd ed. ed., Routledge, 2014.
    @Book{, title = {A Short History of Economic Thought (3rd ed., witht Bo Sandelin and Richard Wundrak)},
      publisher = {Routledge},
      year = {2014},
      author = {Trautwein, Hans-Michael and Sandelin, Bo and Wundrak, Richard},
      edition = {3rd ed.},
      abstract = {This book, now in its third edition, provides an elementary introduction to the history of economic thought. A chapter is devoted to each of the major developments in the history of the discipline, before a concluding chapter in which the authors draw together some of the key strands and comment on some major works and textbooks in the history of economic ideas. They also reflect on the changes in economic thinking within the general context of the philosophy of science. This new edition continues to offer the clear and concise coverage of the main schools of thought and paradigm shifts in the field that has become the volume’s trademark. The book has been thoroughly updated throughout in order to reflect changes in the landscape of the field. Details on key thinkers, and aspects of the story such as the evolution of scholarship on growth and development, have been added or expanded, whilst not compromising on the book’s concise approach. Key updates include: Biographical- and bibliographical information is brought up to date throughout the text North American economists John Kenneth Galbraith and Kenneth Ewart Boulding make their first appearance in this edition Information on developments in institutional economics, addressing in particular the works of 2009 Nobel prize winner Elinor Ostrom). This book has become well known for its innovative coverage of the economic thinking of mainland Europe, whilst also addressing Anglo-American trends. It provides a short and highly readable overview of the evolution of economic thought, usable in courses where the history of economic thought constitutes only a small part or required background reading. It continues to be an extremely useful, much needed text for all introductory economics courses in the field.},
      url = {https://www.routledge.com/A-Short-History-of-Economic-Thought/Sandelin-Trautwein-Wundrak/p/book/9781138780200},
      }
  • H. Trautwein, R. Tamborini, und R. Mazzocchi, "Wicksell, Keynes and the New Neoclassical Synthesis: What can we learn for monetary policy?," Economic Notes. Review of Banking, Finance and Monetary Economics, vol. 43, iss. 2, pp. 79-114, 2014.
    @Article{,
      author = {Trautwein, Hans-Michael and Tamborini, Roberto and Mazzocchi, Ronny},
      title = {Wicksell, Keynes and the New Neoclassical Synthesis: What can we learn for monetary policy?},
      journal = {Economic Notes. Review of Banking, Finance and Monetary Economics},
      year = {2014},
      volume = {43},
      number = {2},
      pages = {79-114},
      month = {07},
      abstract = {The New Neoclassical Synthesis (NNS) provides the established macroeconomic foundation for monetary policy. The Great Recession has, however, unveiled a number of unresolved issues. Prominent scholars have stressed the connections of the NNS with the founders of macroeconomic thought, Wicksell and Keynes. Our main contention is that the NNS fails to consider, and learn from, the hallmark of Wicksell's and Keynes's approaches to business cycles, namely investment–saving imbalances (ISI). Systematic studies of macroeconomic instability, and notably the Great Recession, give prominence to this phenomenon. Drawing on Wicksell's and Keynes's insights, this paper provides a framework to deal with ISI and monetary policy according to modern theoretical standards and techniques (e.g. agents seek to optimize intertemporally and markets clear). Section 2 of the paper clarifies some basic theoretical issues underlying the NNS vis-à-vis Wicksell and Keynes. Section 3 presents a dynamic model whereby it is possible to assess some basic issues concerning the macroeconomics of ISI that are at variance with the NNS. Section 4 shows how system stabilization can be achieved by means of a ‘Wicksellian’ interest-rate rule, which, however, displays dynamic features and conditions that differ from the current NNS consensus. Central banks may thus learn that ISI deserve careful symptom monitoring, and that they require greater attention to the dynamic stability of choices of policy reaction functions.},
      doi = {0.1111/ecno.12016},
      url = {http://onlinelibrary.wiley.com/doi/10.1111/ecno.12016/abstract},
      }
  • C. Helm und F. Wirl, "The principal–agent model with multilateral externalities: An application to climate agreements," Journal of Environmental Economics and Management, vol. 67, iss. 2, pp. 141-154, 2014.
    @Article{Helm2014141,
      author = {Carsten Helm and Franz Wirl},
      title = {The principal–agent model with multilateral externalities: An application to climate agreements},
      journal = {Journal of Environmental Economics and Management},
      year = {2014},
      volume = {67},
      number = {2},
      pages = {141 - 154},
      abstract = {Abstract We consider contracting of a principal with an agent if multilateral externalities are present. The motivating example is that of an international climate agreement given private information about the willingness-to-pay (WTP) for emissions abatement. Due to multilateral externalities the principal uses her own emissions besides subsidies to incentivize the agent and to assure his participation. Optimal contracts equalize marginal abatement costs and, thus, can be implemented by a system of competitive permit trading. Moreover, optimal contracts can include a boundary part (i.e., the endogenous, type dependent participation constraint is binding), which is not a copy of the outside option of no contract. Compared to this outside option, a contract can increase emissions of the principal for types with a low WTP, and reduce her payoff for high types. Subsidies can be constant or even decreasing in emission reductions, and turn negative so that the agent reduces emissions and pays the principal.},
      doi = {http://dx.doi.org/10.1016/j.jeem.2013.11.006},
      issn = {0095-0696},
      keywords = {Private information, Multilateral externalities, Mechanism design, Environmental agreements, Type-dependent outside options },
      url = {http://www.sciencedirect.com/science/article/pii/S0095069613001241},
      }
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