Cambridge Working Papers in Economics

From Faculty of Economics, University of Cambridge
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0749: Calculating The Social Cost Of Carbon

Chris Hope and David M Newbery

0748: Long-Run Equilibrium Modeling of Alternative Emissions Allowance Allocation Systems in Electric Power Markets

Jinye Z. Schulkin, Benjamin Hobbs and Jong-Shi Pang

0747: Reference Models and Incentive Regulation of Electricity Distribution Networks: An Evaluation of Sweden’s Network Performance Assessment Model (NPAM)

Tooraj Jamasb and Michael Pollitt

0746: Assessing forecast uncertainties in a VECX* model for Switzerland: an exercise in forecast combination across models and observation windows

Mohammad Pesaran and Katrin Assenmacher

0745: Can We Rehabilitate the Guilds? A Sceptical Re-Appraisal

Sheilagh Ogilvie

0744: Identification and Estimation in an Incoherent Model of Contagion

Daniele Massacci

0743: Large Panels with Common Factors and Spatial Correlations

Mohammad Pesaran and Elisa Tosetti

0742: Do Autocratic States Trade Less?

Toke Aidt and Martin Gassebner

0741: Distinguishing Weak and Strong Disposability among Undesirable Outputs in DEA: The Example of the Environmental Efficiency of Chinese Coal-Fired Power Plants

Hongliang Yang and Michael Pollitt

0740: Incorporating Undesirable Outputs into Malmquist TFP Index: Environmental Performance Growth of Chinese Coal-Fired Power Plants

Hongliang Yang and Michael Pollitt

0739: Municipal aggregation and retail competition in the Ohio energy sector

Stephen Littlechild

0738: Inefficient Policies and Incumbency Advantage

Roland Hodler, Simon Loertscher and Dominic Rohner

0737: The arguments for and against ownership unbundling of energy transmission networks

Michael Pollitt

0736: Incorporating the Price of Quality in Efficiency Analysis: the Case of Electricity Distribution Regulation in the UK

William Yu, Tooraj Jamasb and Michael Pollitt

0735: Nearest Neighbor Conditional Estimation for Harris Recurrent Markov Chains

Alessio Sancetta

0734: Modelling Volatilities and Conditional Correlations in Futures Markets with a Multivariate t Distribution

Bahram Pesaran and M. Hashem Pesaran

0733: Incorporating Both Undesirable Outputs and Uncontrollable Variables into DEA: the Performance of Chinese Coal-Fired Power Plants

Hongliang Yang and Michael Pollitt

0732: Liquidity Traps, Learning and Stagnation

George Evans, Eran Guse and Seppo Honkapohja

0731: Imperfect Commitment and the Revelation Principle: the Multi-Agent Case with Transferable Utility

Robert Evans and Sönje Reich

0730: Herding And Social Pressure In Trading Tasks: A Behavioural Analysis

Michelle Baddeley, Demetris Pillas, Yorgos Christopoulos, Wolfram Schultz and Philippe Tobler

0729: Robust Incentives

Sönje Reich

0728: Practice Makes Perfect: On Professional Standards

Susanna E. Sällström Matthews

0727: Multi-Purpose Consumption and Functional Differentiation: Why has the Vibrant Galleria replaced the Good Old Fashioned Department Store?

Susanna E. Sällström Matthews

0726: Fear of Floating and Social Welfare

Demosthenes Tambakis

0725: Industry Restructuring, Mergers, And Efficiency: Evidence From Electric Power

John Kwoka and Michael Pollitt

0724: An Institutional Frame to Compare Alternative Market Designs in EU Electricity Balancing

Jean-Michel Glachant and Marcello Saguan

0723: Take-or-pay contracts for Renewables Deployment

Angus Johnston, Kavali Amalia and Karsten Neuhoff

0722: On the Determinacy of Monetary Policy under Expectational Errors

Jagjit Chadha and Luisa Corrado

0721: Structural Change under New Labour

Kenneth Coutts, Andrew Glyn and Bob Rowthorn

0720: The Principle of Moderate Differentiation

Susanna E Sallstrom Matthews

0719: Lumpy Price Adjustments, A Microeconometric Analysis

Emmanuel Dhyne, Catherine Fuss, Mohammad Pesaran and Patrick Sevestre

0718: Online Forecast Combination for Dependent Heterogeneous Data

Alessio Sancetta

0717: No Man is an Island, the Inter-personal Determinants of Regional Well-Being in Europe

Aqib Aslam and Luisa Corrado

0716: Diagnostic Tests of Cross Section Independence for Nonlinear Panel Data Models

Cheng Hsiao, Mohammad Pesaran and Andreas Pick

0715: Tax Structure, Size of Government, and the Extension of the Voting Franchise in Western Europe, 1860-1938

Toke Aidt and Peter S. Jense

0714: Give and Take: Political Competition, Participation and Public Finance in 20th Century Latin America

Toke Aidt and Dalibor Eterovic

0713: The bird in hand: stipulated settlements and electricity regulation in Florida

Stephen Littlechild

0712: Differentiation and dynamics of competitiveness impacts from the EU ETS

Misato Sato, Michael Grubb, James Cust, Katie Chan, Anna Korppoo and Pablo Ceppi

0711: Implications of intermittency and transmission constraints for renewables deployment

Karsten Neuhoff, James Cust and Kim Keats

0710: Forecasting technology costs via the Learning Curve – Myth or Magic?

Stephan Alberth

0709: Incentive Regulation of Electricity Distribution Networks: Lessons of Experience from Britain

Tooraj Jamasb and Michael Pollitt

0708: Bulls, Bears and Excess Volatility: can currency intervention help?

Luisa Corrado, Marcus Miller and Lei Zhang

0707: Stock market participation, portfolio choice and pensions over the life-cycle

Steffan Ball

0706: Nonlinearities in Cross-Country Growth Regressions: A Bayesian Averaging of Thresholds (BAT) Approach

Gernot Doppelhofer and Jesus Crespo Cuaresma

0705: Anticipated Fiscal Policy and Adaptive Learning

George Evans, Seppo Honkapohja and Kaushik Mitra

0704: On Econometric Analysis of Structural Systems with Permanent and Transitory Shocks and Exogenous Variables

Adrian Pagan and Mohammad Pesaran

0703: Long Run Macroeconomic Relations in the Global Economy

Stephane Dees, Sean Holly, Mohammad Pesaran and L. Vanessa Smith

0702: Quantiles, Expectiles and Splines

Giuliano De Rossi and Andrew Harvey

0701: Tests of time-invariance

Fabio Busetti and Andrew Harvey

0663: Poverty and Productivity in Female-Headed Households in Zimbabwe

Sara Horrell and Pramila Krishnan