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Gesucht nach "Energy Prices".
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Es wurden 84 Ergebnisse gefunden.
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Publikationen // 21.11.2024
framed field experiment to disentangle the relative importance of the price and non-price effects implicit in a subsidy encouraging an energy-efficiency investment. In the experiment, participants decide whether [...] confronted with the introduction of a subsidy or a same-sized price decrease. We find a demand increase of about 3 percentage points when the price decreases and a significantly larger demand increase of about [...] spill-over effects of the subsidy on other pro-environmental behaviors rather suggest that the non-price effect is explained by a crowding in of intrinsic motivation.
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Publikationen // 18.11.2024
After the beginning of the war in Ukraine, energy prices in Germany increased drastically. The paper analyses responses of German firms to this energy price shock. A variety of measures and reactions at [...] machinery and equipment by less energy consuming alternatives, a change of energy suppliers, the use of digital technologies to reduce energy consumption, the introduction of energy management systems, relocation [...] on of fossil energy sources by renewables. The results also show that high energy costs can lead to stopping or relocating energy-intensive activities. Furthermore, firms with high energy intensity show
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Publikationen // 14.10.2024
Investments in energy technologies are substantially governed by climate policy. We demonstrate analytically that price-based instruments, such as carbon-taxes, and quantity-based regulations, like emission [...] risk-averse, these differences lead to divergent investment portfolios, breaking the equivalence of price- and quantity-based policy instruments under risk-neutrality. Using the European power sector as a [...] a representative investor’s portfolio since counteracting effects of permit and electricity prices reduce the covariance with other technologies, thereby enhancing the diversification value of these
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Publikationen // 25.04.2024
Depending on sectoral heterogeneity in the substitutability between capital and energy inputs, we find that optimal carbon prices differ widely across sectors and yield substantial welfare gains relative to [...] Economists tend to view a uniform emissions price as the most cost-effective approach to reducing greenhouse gas emissions. This paper scrutinizes the assumptions in general equilibrium which underlie [...] than private actors. When social and private discount rates differ, we show that a uniform carbon price is optimal only under restrictive assumptions about technology homogeneity and intertemporal deci
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Publikationen // 05.01.2024
Rising energy prices might lead to adjustments along the supply chain and make firms outsource energy-intensive processes. This could lead to carbon leakage. I provide empirical evidence whether energy pr [...] using firm-level data on energy use, imports, and material purchases. I document that import shares in German industry have increased between 2009 and 2013, and that energy prices correlate positively with [...] positive correlation, I show in a quasi-experimental setup that a sudden drastic drop in electricity prices has not led firms to significantly reduce their imports or their domestic material purchases relative
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Publikationen // 05.01.2024
evolved in Germany, the EU and the rest of the world: This implicit carbon price paid on emissions reflects energy and carbon prices in addition to command-and-control measures. Both in Germany and other EU [...] Relative prices determine competitiveness of different locations. In this paper, we focus on the role of regulatory differences between Germany and other EU countries which affect the shadow price of carbon [...] increased German industrial emissions. Had the EU experienced the same decrease in implicit carbon prices as Germany, German emissions would have been substantially lower. Germany has increasingly become
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Publikationen // 16.10.2023
subjects to set themselves energy consumption targets in a popular smartphone app. We document negative effects of the nudge on app utilization and estimate null effects on energy consumption with confidence [...] underlying these behavioral responses. Using a structural model and random variation of the app’s price, we estimate that the average user is willing to pay 7.41 EUR to avoid the nudge.
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Publikationen // 28.06.2023
experiment to disentangle and study the relative importance of the price and non-price effects implicit in a subsidy encouraging an energy-efficiency investment. In the experiment, participants decide on [...] confronted with the introduction of a subsidy or a same-sized price decrease. We find a demand increase of about 3-percent when the price decreases and a significantly larger demand increase of about 9-percent [...] spill-over effects of the subsidy on other pro-environmental behaviors rather suggest that the non-price effect is explained by a crowding in of intrinsic motivation.
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Publikationen // 08.12.2022
digital technologies relate more frequently to an increase in energy use. Multiple characteristics, such as energy prices and firms’ energy mix, explain differences in the effect. [...] protection within manufacturing industries, such as dematerialized products and energy efficiency gains. However, ICT also consume energy as well as resources, and detrimental effects on the environment are in [...] between the use of digital technologies and energy savings exist. Our analysis sheds light on the most important drivers of the relationship between ICT and energy use in manufacturing. We apply flexible