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Searched for Location choice.
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Displaying results 1 to 10 of 43.
Found 43 results.
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News // 24.07.2024need for local prices by dictating the location choice of new power plants within the new capacity market. But even if it succeeded in efficiently regulating location decisions, power plant operation, storage [...] what the actual regional market-clearing prices are and how valuable electricity is in a particular location. The electricity market operates under the illusion that there is always sufficient transmission [...] signals that it will switch to local pricing in the future, investors will build at efficient locations. Otherwise, the problems of the electricity market will merely be patched up, the financing of the
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Publications // 08.07.2024
influences equilibrium location choices and welfare. Firms engage in risky R&D activities that generate stochastic product and derived labor demand. We show that firms located in a cluster tend to invest [...] separated firms. Most interestingly, ex-ante symmetric firms choose asymmetric R&D investments when located in a cluster. This creates an additional welfare benefit from agglomeration, because firms choose
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News // 25.06.2024Chancellor says that a green economic miracle lies ahead of us. Is that realistic? That wouldn’t be my choice of words. It depends on how we approach the transformation. For me, focusing solely on climate targets [...] the transformation alone; we need private capital. Therefore, we need to become a more attractive location to do business. This brings us back to the tax burden, energy security, and bureaucracy. HB: And
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Publications // 28.09.2023
mechanisms changes in shopping behavior potentially result in different home and work location choices or labor supply choice. The model hence allows to assess the long run effects of e-commerce and drone delivery [...] channel adds welfare and that changes in the shopping channels results in long-run changes of location choices of households and companies. [...] general equilibrium model, incorporating the different retail channels, we model the consumer’s choice between local shopping, online shopping and delivery via drone and online shopping and delivery via
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Publications // 02.11.2022
mechanisms changes in shopping behavior potentially result in different home and work location choices or labor supply choice. The model hence allows to assess the long run effects of e-commerce and drone delivery [...] channel adds welfare and that changes in the shopping channels results in long-run changes of location choices of households and companies. [...] spatial general equilibrium model, incorporating the different retail channels, we model the consumer’s choice between local shopping, online shopping and delivery via drone and online shopping and delivery via
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Publications // 20.09.2022
than less skilled workers. Therefore, we use a stated-preference experiment with hypothetical job choices between two cities that differ in wages, urban amenities and economic dynamism. We find that respondents [...] stems from the inability of low-skilled workers to move to and afford living in their preferred locations.
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Projects // 01.01.2022
firms’ decisions in their location choices and investment decisions. Economic theory suggests, among others, that firms optimize in their investment decisions over location-specific tax costs, which [...] Firm location and investment decisions are crucial for the economic prosperity of local communities. To that effect, local governments have a variety of policy tools at their disposal through which [...] which reduce net profits, as well as over location-specific productive amenities, which increase productivity and expected profits. This project exploits a randomized information experiment among a repr
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Press Releases // 15.06.2021therefore used an experimental research design to investigate whether improving the amenities of a location really attracts more skilled workers. The test persons were asked to choose between randomly generated [...] generated job offers in two fictitious cities. These differed only in terms of earnings and a number of location-specific qualities, while all other factors such as relocation costs and rents remained the same