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• Events // 13.06.2024

  €2 Gas! Tax Holidays, Incidence Heterogeneity, and Market Structure

  by the 2022 energy crisis on consumer prices. Italian gas stations (treatment group) and German/Spanish counterparts (controls) are the focus. Stations with fewer competitors pass on only 65\% of the tax
• Events // 27.09.2023

  Dual Labor Markets and the Equilibrium Distribution of Firms

  for firm dynamics, the equilibrium distribution of firms, and aggregate productivity. Using rich Spanish administrative data, the presented paper documents that the usage of FT contracts is very heterogeneous
• Events // 04.04.2022

  Strategic Ability and Corporate Carbon Emissions Decarbonization Seminar/Joint Seminar ZEW and MISES

  ability and deviate from Nash-equilibrium outcomes. Making use of rich micro-level data from the Spanish electricity market, the authors show that large incumbent firms approximately offer optimal output
• Publications // 03.01.2022

  Refereed Journal - End-of-pipe and cleaner production technologies. Do policy instruments and organizational capabilities matter? Evidence from Spanish firms

  adoption of different types of green technologies. We use a unique firm level panel dataset of 2,562 Spanish manufacturing firms from 2008 to 2014 to carry out the empirical analysis. Our results show, first
• Events // 24.11.2021

  The Effect of Access to Legal Abortion on Fertility, Marriage, and Long-term Outcomes for Women

  short-and long-term effects for women of access to subsidized, legal abortion by exploiting the Spanish legalization of abortion in 1985. Using birth records and survey data, the authors find robust evidence
• Events // 08.03.2021

  The Distributional Impacts of Real-Time Pricing in the Spanish Residential Electricity Market Joint Seminar ZEW and MISES

  on a country-wide field experiment: starting in 2015, RTP has become the default option for most Spanish households. Access to hourly consumption data during more than a year for over 4M households allows
• Publications // 20.11.2020

  ZEW Discussion Paper - The Effect of Unemployment Insurance Benefits on (Self-) Employment: Two Sides of the Same Coin?

  is known about the role of unemployment insurance (UI) generosity for self-employment. By using Spanish administrative data including so far inaccessible information on self-employment, we exploit a r [...] nt. Exploiting a discontinuity in the UI benefit schedule which changed as a result of the 2012 Spanish labor market reform, we estimate the causal reform effects on the extensive margin of (self-)employment
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  Press Releases // 13.07.2020

  Disproportionate Purchase of High-Debt Country Bonds Even Before the COVID-19 Crisis

  accumulated stocks. Since the beginning of the coronavirus crisis, the disproportionate purchase of Spanish and Italian bonds has increased dramatically, even in the old PSPP programme, with Italy’s share
• Events // 15.05.2020

  Technology Policy and Market Structure Evidence from the Power Sector – Joint Seminar ZEW and MISES

  price lead to higher mark-ups. They confirm this finding empirically using auction data from the Spanish power market. The empirical results show that the design choice for technology subsidies significantly
• Press Releases // 03.05.2019

  Weak M&A Activity Involving German Companies Continues in 2019

  in the past six months – amounting to some 28 billion euros – was the acquisition of Abertis, a Spanish toll-road operator, by Germany’s Hochtief AG, which is headquartered in Essen. Hochtief in turn forms