This paper examines how optimal renewable energy (RE) suppo rt policies need to be adjusted to account for carbon prices. We show theoretically and empirically that changing carbon prices requires…
We investigate whether revenue-maximizing auctioneers selling heterogeneous items will allow for combinatorial bidding in the presence of auctioneer competition. We compare the choice of auction format by two…
This article analyses the link between the wage rate and the incentives to develop and adopt a labour-augmenting innovation in a vertical market. In a model where an upstream monopolist sells the innovation to…
The present research report analyses the fiscal effects that would result from increasing the minimum wage to a level of 12 euros per hour. The calculations are carried out using the ZEW microsimulation model,…
Using novel data on speeches held by members of the European Central Bank’s Executive Board, we investigate whether monetary policy transparency has increased over time. With respect to the general public as the…