Cambridge Working Papers in Economics

From Faculty of Economics, University of Cambridge
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0914: Human Resource Constraints for Electricity Regulation in Developing Countries: Has Anything Changed?

Michael Pollitt and Jon Stern

0913: Implementing the EU Renewables Directive

Karsten Neuhoff

0912: The Welfare Implications of Oil Privatisation: A Cost-Benefit Analysis of Norway’s Statoil

Christian Wolf and Michael Pollitt

0911: Does Liberalisation cause more Electricity Blackouts? Evidence from a Global Study of Newspaper Reports

William Yu and Michael Pollitt

0910: Community Characteristics and Demographic Development: Three Württemberg Communities, 1558 - 1914

Sheilagh Ogilvie, Markus Küpker and Janine Maegraith

0909: International Support for Domestic Climate Policies

Karsten Neuhoff

0908: Yardstick and Ex-post Regulation by Norm Model: Empirical Equivalence, Pricing Effect, and Performance in Sweeden

Tooraj Jamasb and Magnus Söderberg

0907: The Relationship Between Unemployment and Earnings Inequality in South Africa

Fiona Tregenna

0906: Contracting Out of Service Activities and the Effects on Sectoral Employment Patterns in South Africa

Fiona Tregenna

0905: Smart Metering and Electricity Demand: Technology, Economics and International Experience

Aoife Haney, Tooraj Jamasb and Michael Pollitt

0904: The Process of Fixing the British National Minimum Wage, 1997-2007

William Brown

0903: Social Interactions, Ethnicity and Fertility in Kenya

Sriya Iyer and Melvyn Weeks

0902: Electricity Sector Liberalisation and Innovation: An Analysis of the UK Patenting Activities

Tooraj Jamasb and Michael Pollitt

0901: Variable Selection and Inference for Multi-period Forecasting Problems

Mohammad Pesaran, Andreas Pick and Allan Timmermann

0863: Supply Function Equilibria: Step Functions and Continuous Representations

Pär Holmberg, David M Newbery and Daniel Ralph

0862: Current Legal and Institutional Frameworks for Investing in Lower Carbon Electricity in China

Xi Lang, David Reiner and Karsten Neuhoff

0861: A Theory of the Corrupt Keynesian

Toke Aidt and Jayasri Dutta

0860: One Cheer for Foreign Lobbying

Toke Aidt and Uk Hwang

0859: Optimal Monetary Policy with a Convex Phillips Curve

Demosthenes N. Tambakis

0858: Does Weather Explain the Cost and Quality? An Analysis of UK Electricity Distribution Companies

William Yu, Tooraj Jamasb and Michael Pollitt

0857: Poverty, Armed Conflict and Financial Instability

Michelle Baddeley

0856: The Suspension of the Gold Standard as Sustainable Monetary Policy

Elisa Newby

0855: Money, Prices and Liquidity Effects: Separating Demand from Supply

Jagjit Chadha, Luisa Corrado and Qi Sun

0854: Returns-Based Beliefs and The Prisoner’s Dilemma

Chander Velu and Sriya Iyer

0853: The Cross-Section of Output and Inflation in a Dynamic Stochastic General Equilibrium Model with Sticky Prices

Jörg Döpke, Michael Funke, Sean Holly and Sebastian Weber

0852: Reconnecting Money to Inflation: The Role of the External Finance Premium

Jagjit Chadha, Luisa Corrado and Sean Holly

0851: Globalization, Education, and the Topology of Social Networks

Adrien Vigier

0850: Financing arrangements and industrial organisation for new nuclear build in electricity markets

Dominique Finon and Fabien Roques

0849: Lessons from conditionality provisions for southnorth cooperation on climate change

Maike Sippel and Karsten Neuhoff

0848: Analytic Solutions for Supply Function Equilibria: Uniqueness and Stability

David M Newbery

0847: Feedback Trading and Intermittent Market Turbulence

Demosthenes N. Tambakis

0846: Financial Fragility, Heterogeneous Firms and the Cross Section of the Business Cycle

Sean Holly and Emiliano Santoro

0845: Globalisation and Wage Differentials: A Spatial Analysis

Michelle Baddeley and Bernard Fingleton

0844: Financial constraints and firms' investment: results of a natural experiment measuring firm response to power interruption

Jevgenijs Steinbuks

0843: Electoral Uncertainty and Public Goods

Toke Aidt and Jayasri Dutta

0842: Evaluating Government’s Policies on Promoting Smart Metering in Retail Electricity Markets via Agent Based Simulation

Tao Zhang and William Nuttall

0841: When is a copula constant? A test for changing relationships

Fabio Busetti and Andrew Harvey

0840: Beta-t-(E)GARCH

Andrew Harvey and Tirthankar Chakravarty

0839: Dynamic distributions and changing copulas

Andrew Harvey

0838: Acquisition, Insolvency and Managers in UK Small Companies

Natalia Isachenkova and Melvyn Weeks

0837: Predicting market power in wholesale electricity markets

David M Newbery

0836: Ownership unbundling in electricity distribution: empircal evidence from New Zealand

Paul Nillesen and Michael Pollitt

0835: Divestiture Policy and Operating Efficiency in U.S. Electric Power Distribution

John Kwoka, Sanem Ozturk and Michael Pollitt

0834: Using regulatory benchmarking techniques to set company performance targets: the case of US electricity

Paul Nillesen and Michael Pollitt

0833: Ownership Unbuilding in Electricity Markets - A Social Cost Benefit Analysis of the German TSO'S

Gert Brunekreeft

0832: How to Get the Snowball Rolling and Extend the Franchise: Voting on the Great Reform Act of 1832

Toke Aidt and Raphael Franck

0831: Competition and the Retreat from Collective Bargaining

William Brown, Alex Bryson and John Forth

0830: Under-pricing electricity and the puzzle of regulatory accounting

David M Newbery

0829: Financing the Nuclear Renaissance

William Nuttall and Simon Taylor

0828: Does Ownership Matter? The Performance and Efficiency of State Oil vs. Private Oil (1987-2006)

Christian Wolf

0827: Factor demand linkages and the business cycle: Interpreting aggregate fluctuations as sectoral fluctuations

Sean Holly and Ivan Petrella

0826: The Rationality of Irrationality for Managers: Returns- Based Beliefs and the Traveller’s Dilemma

Chander Velu and Sriya Iyer

0825: Credit Market Distortions, Asset Prices and Monetary Policy

Damjan Pfajfar and Emiliano Santoro

0824: Asymmetries in Inflation Expectation Formation Across Demographic Groups

Damjan Pfajfar and Emiliano Santoro

0823: Long-Term Growth and Short-Term Volatility: The Labour Market Nexus

Barbara Annicchiarico, Luisa Corrado and Alessandra Pelloni

0822: The Diversity of Design of TSOs

Vincent Rious, Jean-Michel Glachant, Yannick Perez and Philippe Dessante

0821: Market Design for Generation Adequacy: Healing Causes rather than Symptoms

Fabien Roques

0820: Sequential Screening and Renegotiation

Sönje Reiche

0819: The Future of Electricity (and Gas) Regulation

Michael Pollitt

0818: The Retrenchment Hypothesis and the Extension of the Franchise in England and Wales

Toke Aidt, Martin Daunton and Jayasri Dutta

0817: Cumulative Innovation, Experimentation and the Hold-Up Problem

Rufus Pollock

0816: Easterlin-types and Frustrated Achievers: the Heterogeneous Effects of Income Changes on Life Satisfaction

Leonardo Becchetti, Luisa Corrado and Fiammetta Rossetti

0815: Iranian Economy in the Twentieth Century: A Global Perspective

Hadi Esfahani and Mohammad Pesaran

0814: Forecasting Random Walks Under Drift Instability

Mohammad Pesaran and Andreas Pick

0813: Optimal Asset Allocation with Factor Models for Large Portfolios

Mohammad Pesaran and Paolo Zaffaroni

0812: Productivity and Efficiency of US Gas Transmission Companies: A European Regulatory Perspective

Tooraj Jamasb, Michael Pollitt and Thomas Triebs

0811: Privatising national oil companies: Assessing the impact on firm performance

Christian Wolf and Michael Pollitt

0810: Modelling the costs of non-conventional oil: A case study of Canadian bitumen

Aurélie Méjean and Chris Hope

0809: A VECX* Model of the Swiss Economy

Katrin Assenmacher and Mohammad Pesaran

0808: Model Averaging in Risk Management with an Application to Futures Markets

Mohammad Pesaran, Christoph Schleicher and Paolo Zaffaroni

0807: Forecasting Economic and Financial Variables with Global VARs

Mohammad Pesaran, Til Schuermann and L. Vanessa Smit

0806: Horizontal Inequity and Vertical Redistribution with Indirect Taxes: the Greek Case

Georgia Kaplanoglou and David M Newbery

0805: Modeling the Phillips curve with unobserved components

Andrew Harvey

0804: Electrifying Integration: Electricity Production And The South-East Europe Regional Energy Market

Elizabeth Hooper and Andrei Medvedev

0803: Identification of New Keynesian Phillips Curves from a Global Perspective

Stephane Dees, Mohammad Pesaran, L. Vanessa Smith and Ron P. Smith

0802: Enduring Rents

Toke Aidt and Arye Hillman

0801: Hot Issue and Burning Options in Waste Management: A Social Cost Benefit Analysis of Waste-to-Energy in the UK

Tooraj Jamasb, Hande Kiamil and Rabindra Nepal

0775: Panel Unit Root Tests in the Presence of a Multifactor Error Structure

Mohammad Pesaran, L. Vanessa Smit and Takashi Yamagata

0774: Studying the Role of Political Competition in the Evolution of Government Size Over Long Horizons

J. Stephen Ferris, Soo-Bin Park and Stanley Winer

0773: The aid effectiveness literature: The sad results of 40 years of research

Chris Doucouliagos and Martin Paldam

0772: The Supply of Social Insurance

Francisco M. Gonzalez and Jean-Francois Wen

0771: From Rags to Rifles: The Economics of Deprivation, Conflict and Welfare State

Dominic Rohner

0770: Religion and Human Capital in Ghana

Niels-Hugo (Hugo) Blunch

0769: Institutional Traps and Economic Growth

Mark Gradstein

0768: The devil is in the shadow Do institutions affect income and productivity or only official income and official productivity?

Axel Dreher, Pierre-Guillaume Méon and Friedrich Schneider

0767: Pork Barrel Politics in Postwar Italy, 1953–1994

Miriam Golden and Lucio Picci

0766: The Taxman Tools Up: An Event History Study of the Introduction of the Personal Income Tax in Western Europe, 1815-1941

Toke Aidt and Peter Jensen

0765: Why Are Market Economies Politically Stable? A Theory of Capitalist Cohesion

Carl-Johan Dalgaard and Ola Olsson

0764: Democracy in America: Labor Mobility, Ideology, and Constitutional Reform

Roger Congleton

0763: Rural Electrification in India: Economic and Institutional aspects of Renewables

James Cust, Anoop Singh and Karsten Neuhoff

0762: Transmission expansion in Argentina 5: the Regional Electricity Forum of Buenos Aires Province

Stephen Littlechild and Eduardo A. Ponzano

0761: Financing Capture Ready Coal-Fired Power Plants In China By Issuing Capture Options

Xi Liang, David Reiner, Jon Gibbins and Jia Li

0760: An Agent Based Simulation Of Smart Metering Technology Adoption

Tao Zhang and William Nuttall

0759: Technology Choices for New Entrants in Liberalised Markets: The Value of Operating Flexibility and Contractual Arrangements

Fabien Roques

0758: Risky Choice and Type-Uncertainty in "Deal or No Deal?"

Christopher Gee

0757: Infinite Dimensional VARs and Factor Models

Alexander Chudik and Mohammad Pesaran

0756: Evaluating the evidence on electricity reform: Lessons for the South East Europe (SEE) market

Michael Pollitt

0755: Universality of Bayesian Predictions

Alessio Sancetta

0754: The Control of Porting in Two-Sided Markets

Rufus Pollock

0753: Liberalisation and Regulation in Electricity Systems: How can we get the balance right?

Michael Pollitt