Cambridge Working Papers in Economics

From Faculty of Economics, University of Cambridge
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1209: Loyalty for Sale? Military Spending and Coups d'Etat

Gabriel Leon

1208: Testing Weak Cross-Sectional Dependence in Large Panels

Mohammad Pesaran

1207: Third Party Nuclear Liability: The Case of a Supplier in the United Kingdom

Anthony Thomas and Raphael Heffron

1206: Exponent of Cross-sectional Dependence: Estimation and Inference

Natalia Bailey, George Kapetanios and Mohammad Pesaran

20126: Waning Immunity and the Second Wave: Some Projections for SARS-COV-2

Chryssi Giannitsarou, Stephen Kissler and Flavio Toxvaerd

1205: Nuclear New Build in the United States 1990-2010: A Three State Analysis

Raphael Heffron

20125: Volatile Hiring: Uncertainty in Search and Matching Models

Wouter Den Haan, Lukas Freund and Pontus Rendahl

1204: The Cost of Improving Gas Supply Security in the Baltic States

Pierre Noel, Sachi Findlater and Chi Kong Chyong

20124: Why the Rich Stay Rich. On dysfunctional institutions’ “ability to persist” (no matter what)

José Gabriel Palma

20123: On Unit Free Assessment of The Extent of Multilateral Distributional Variation

Gordon Anderson, Oliver Linton, Maria Grazia Pittau, Yoon-Jae Whang and Roberto Zelli

1203: Making Sense of Oil Stamp Saving Schemes

Philipp-Bastian Brutscher

1202: The role of credit in international business cycles

TengTeng Xu

20122: Storing Power: Market Structure Matters

David Andrés-Cerezo and Natalia Fabra

20121: Testing for Time Stochastic Dominance

Kyungho Lee, Oliver Linton and Yoon-Jae Whang

1201: How the full opening of the capital account to highly liquid financial markets led Latin America to two and a half cycles of ‘mania, panic and crash’

José Gabriel Palma

20120: An overview of the electrification of residential and commercial heating and cooling and prospects for decarbonisation

Mathilde Fajardy and David Reiner

1165: The Role of Behavioural Economics in Energy and Climate Policy

Michael Pollitt and Irina Shaorshadze

1164: Oil Prices, External Income, and Growth: Lessons from Jordan

Kamiar Mohaddes and Mehdi Raissi

1163: Optimal Forecasts in the Presence of Structural Breaks (Updated 14 November 2011)

Mohammad Pesaran, Andreas Pick and Mikhail Pranovich

1162: Energy, the Environment and Behaviour Change: A survey of insights from behavioural economics

Michelle Baddeley

1161: Knowledge is power: A theory of information, income and welfare spending

Jo Lind and Dominic Rohner

1160: Merchant and Regulated Transmission: Theory, Evidence and Policy

Stephen Littlechild

1159: Business Cycle Effects of Credit and Technology Shocks in a DSGE Model with Firm Defaults

Mohammad Pesaran and TengTeng Xu

1158: No Country for Old Men: Aging Dictators and Economic Growth

Richard Jong-A-Pin and Jochen Mierau

1157: Incumbents and Criminals in the Indian National Legislature

Toke Aidt, Miriam Golden and Devesh Tiwari

1156: Information Effects in Valuation of Electricity and Water Service Attributes Using Contingent Valuation

Elcin Akcura

1155: Monthly GDP Estimates for Inter-War Britain

James Mitchell, Solomos Solomou and Martin Weale

1154: Reforming Competitive Electricity Markets to Meet Environmental Targets

David M Newbery

1153: Lessons from the History of Independent System Operators in the Energy Sector, with applications to the Water Sector

Michael Pollitt

1152: Economies of Scale and Scope in Network Industries: Lessons for the UK water and sewerage sectors

Michael Pollitt and Stephen J. Steer

1151: Conceptualizing Energy Security

Christian Winzer

1150: China’s Emergence in the World Economy and Business Cycles in Latin America

Ambrogio Cesa-Bianchi, Mohammad Pesaran, Alessandro Rebucci and TengTeng Xu

1149: 2010 EPRG Public Opinion Survey: Policy Preferences and Energy Saving Measures

Laura Platchkov, Michael Pollitt, David Reiner and Irina Shaorshadze

1148: Household Debt in Seventeenth-Century Württemberg: Evidence from Personal Inventories

Sheilagh Ogilvie, Markus Küpker and Janine Maegraith

1147: A Behavioural Analysis of Online Privacy and Security

Michelle Baddeley

1146: A Linear Quadratic Approach to Optimal Monetary Policy with Unemployment and Sticky Prices: The Case of a Distorted Steady State

Mehdi Raissi

1145: Institutions and the Volatility Curse

Weishu Leong and Kamiar Mohaddes

1144: Market Integration, Efficiency, and Interconnectors: The Irish Single Electricity Market

Rabindra Nepal and Tooraj Jamasb

1143: Contracting for wind generation

David M Newbery

1142: Regulation, customer protection and customer engagement

Stephen Littlechild

1141: Monetary Policy, Capital Inflows, and the Housing Boom

Filipa Sa and Tomasz Wieladek

1140: Can New Nuclear Power Plants be Project Financed?

Simon Taylor

1139: Do homes that are more energy efficient consume less energy?: A structural equation model for England's residential sector

Scott Kelly

1138: Beyond the DSGE straightjacket

Mohammad Pesaran and Ronald Smith

1137: The Economics of Energy (and Electricity) Demand

Laura M. Platchkov and Michael Pollitt

1136: War Signals: A Theory of Trade, Trust and Conflict

Dominic Rohner, Mathias Thoenig and Fabrizio Zilibotti

1135: Divine Innovation: Religion and Service Provision by Religious Organizations in India

Sriya Iyer, Chander Velu, Jun Xue and Tirthankar Chakravarty

1134: Strategic Eurasian Natural Gas Model for Energy Security (Revised 6 April 2011)

Chi Kong Chyong and Benjamin Hobbs

1133: Reforming Small Power Systems under Political Volatility: The Case of Nepal

Rabindra Nepal and Tooraj Jamasb

1132: Integrating short-term demand response into long-term investment planning

Cendric De Jonghe, Benjamin Hobbs and Ronnie Belmans

1131: On Identification of Bayesian DSGE Models

Gary Koop, Mohammad Pesaran and Ronald Smith

1130: Distributive Politics and Electoral Incentives: Evidence from Seven US State Legislatures

Toke Aidt and Julia Shvets

1129: Dynamics of Evolution in the Global Fuel-Ethanol Industry

Jin Chan and David Reiner

1128: Group Decision-Making: An Economic Analysis of Social Influence and Individual Difference in Experimental Juries

Sophia Parkinson and Michelle Baddeley

1127: Civil War and Human Development: Impacts of Finance and Financial Infrastructure

Michelle Baddeley

1126: The Psychological Underpinnings of the Consumer Role in Energy Demand and Carbon Abatement

Siobhán McNamara and Michael Grubb

1125: Reforming the Power Sector in Transition: Do Institutions Matter?

Rabindra Nepal and Tooraj Jamasb

1124: Payment Matters? - An Exploratory Study into the Pre-Payment Electricity Metering

Philipp-Bastian Brutscher

1123: Modelling Correlation in Carbon and Energy Markets

Philipp Koenig

1122: Liquidity Constraints and High Electricity Use

Philipp-Bastian Brutscher

1121: Industrial Relations in Britain under New Labour, 1997-2010: a post mortem

William Brown

1120: Social Influence and Household Decision-Making: A Behavioural Analysis of Housing Demand

Michelle Baddeley

1119: Principal Components Instrumental Variable Estimation

Diego Winkelried and Richard Smith

1118: Aggregation in Large Dynamic Panels

Mohammad Pesaran and Alexander Chudik

1117: Robust Growth Determinants

Gernot Doppelhofer and Melvyn Weeks

1116: The Process of Negotiating Settlements at FERC

Stephen Littlechild

1115: Electricity Distribution Networks: Investment and Regulation, and Uncertain Demand

Tooraj Jamasb and Cristiano Marantes

1114: The Local Dimension of Energy

Scott Kelly and Michael Pollitt

1113: Planning electricity transmission to accommodate renewables: Using two-stage programming to evaluate flexibility and the cost of disregarding uncertainty

Adriaan van der Weijde and Benjamin Hobbs

1112: Commodity Price Volatility and the Sources of Growth

Tiago Cavalcanti, Kamiar Mohaddes and Mehdi Raissi

1111: Homogeneous middles vs. heterogeneous tails, and the end of the ‘Inverted-U’: the share of the rich is what it's all about

José Gabriel Palma

1110: Tests for Convergence Clubs

Luisa Corrado and Melvyn Weeks

1109: Energy Spending and Vulnerable Households

Tooraj Jamasb and Helena Meier

20119: Club goods and a tragedy of the commons: the Clean Energy Package and wind curtailment

David M Newbery

1108: Political competition and Mirrleesian income taxation: A first pass

Felix J. Bierbrauer and Pierre Boyer

20118: Searching for Results: Optimal Platform Design in a Network Setting

George Charlson

1107: Acting Autonomously or Mimicking the State and Peers? A Panel Tobit Analysis of Financial Dependence and Aid Allocation by Swiss NGOs

Axel Dreher, Peter Nunnenkamp, Hannes Öhler and Johannes Weisser

1106: Reversal of Envy

Rezina Sultana

20116: Carbon pricing and the elasticity of CO2 emissions

Ryan Rafaty, Geoffroy Dolphin and Felix Pretis

20115: Text-Based Linkages and Local Risk Spillovers in the Equity Market

Shuyi Ge

1105: Rationalising ‘Irrational’ Support for Political Violence

Colin Jennings

20114: A Revisit to Sovereign Risk Contagion in Eurozone with Mutual Exciting Regime-Switching Model

Shuyi Ge

1104: The Macroeconomy and Individuals’ Support for Democracy

Jana Friedrichsen and Philipp Zahn

20113: Dominant Currency Dynamics: Evidence on Dollar-invoicing from UK Exporters

Meredith Crowley, Lu Han and Minkyu Son

1103: Paying a Visit: The Dalai Lama Effect on International Trade

Andreas Fuchs and Nils-Hendrik Klann

20112: Diffusion Limits of Real-Time GARCH

Yashuang Ding

1102: Workers of the World, Unite! Franchise Extensions and the Threat of Revolution in Europe, 1820-1938

Toke Aidt and Peter Jensen

20111: Overlapping Climate Policies

Grischa Perino, Robert Ritz and Arthur van Benthem

1101: Divorce Property Division and the Decision to Marry or Cohabit

Hayley Fisher

20110: Consumer Willingness to Pay for Reducing the Environmental Footprint of Green Plastics

Victor Ajayi and David Reiner

1062: What is the Nature and Social Norm within the Context of In-Group Favouritism?

Donna Harris, Benedikt Herrmann and Andreas Kontoleon

1061: Corruption and Sustainable Development

Toke Aidt

1060: Demand-side Management Strategies and the Residential Sector: Lessons from International Experience

Aoife Haney, Tooraj Jamasb, Laura M. Platchkov and Michael Pollitt

1059: Properties of Electricity Prices and the Drivers of Interconnector Revenue

Vladimir Parail

1058: A Reason for Unreason: Returns-Based Beliefs in Game Theory

Chander Velu, Sriya Iyer and Jonathan R. Gair

1057: Low Carbon Electricity Investment: The Limitations of Traditional Approaches and a Radical Alternative

Timothy Laing and Michael Grubb

1056: Cost Curves for Gas Supply Security: The Case of Bulgaria

Florent Silve and Pierre Noel

1055: New Models of Public Ownership in Energy

Aoife Haney and Michael Pollitt

1054: The Effect of CO2 Pricing on Conventional and Non-Conventional Oil Supply and Demand

Aurélie Méjean and Chris Hope

1053: Health Satisfaction and Energy Spending

Helena Meier