Cambridge Working Papers in Economics

From Faculty of Economics, University of Cambridge
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0519: Scope for Credit Risk Diversification

Samuel Hanson, Mohammad Pesaran and Til Schuermann

0518: Exploring the International Linkages of the Euro Area: a Global VAR Analysis

Stephane Dees, Filippo di Mauro, Mohammad Pesaran and L. Vanessa Smith

0517: Forecasting Distributions with Experts Advice

Alessio Sancetta

0516: Forecasting and Prequential Validation for Time Varying Meta-Elliptical Distributions with a Study of Commodity Futures Prices

Alessio Sancetta and Arina Nikanrova

0515: Intertemporal Substitution and Hyperbolic Discounting

Petra Geraats

0514: Teacher Shocks and Student Learning: Evidence from Zambia

Jishnu Das, Stefan Dercon, James Habyarimana and Pramila Krishnan

0513: Testing Slope Homogeneity in Large Panels

Mohammad Pesaran and Takashi Yamagata

0512: Turning Qualitative into Quantitative Evidence: A Well-Used Method Made Explicit

A. W. Carus and Sheilagh Ogilvie

0511: Diversity and Security in UK Electricity Generation: The Influence of Low Carbon Objectives

Michael Grubb, Lucy Butler and Graham Sinden

0510: A Note on the Existence of Nash Equilibrium in Games with Discontinuous Payoffs

J. Rupert J. Gatti

0509: The More Cooperation, the More Competition? A Cournot Analysis of the Benefits of Electric Market Coupling

Benjamin Hobbs and Fieke A. M. Rijkers

0508: Why Tax Energy? Towards a More Rational Energy Policy

David M Newbery

0507: Rethinking Risk: Aspiration as Pure Risk

Greg B. Davies

0506: Copula Based Monte Carlo Integration in Financial Problems

Alessio Sancetta

0505: Agglomeration in Internet Co-operation Peering Agreements

Emanuele Giovannetti, Karsten Neuhoff and Giancarlo Spagnolo

0504: A Review of the Monitoring of Market Power The Possible Roles of TSOs in Monitoring for Market Power Issues in Congested Transmission Systems

Paul Twomey, Richard Green, Karsten Neuhoff and David M Newbery

0503: Comparison of Feed in Tariff, Quota and Auction Mechanisms to Support Wind Power Development

Lucy Butler and Karsten Neuhoff

0502: The Spanish Electricity Industry: Plus ça change …

Claude Crampes and Natalia Fabra

0501: Regulation, Competition and Investment in the German Electricity Market: RegTP or REGTP

Gert Brunekreeft and Sven Twelemann

0473: Transparency and Reputation: The Publication of Central Bank Forecasts

Petra Geraats

0472: Does Competition Reduce Costs? Assessing the Impact of Regulatory Restructuring on U.S. Electric Generation Efficiency

Karl Markiewicz, Nancy Rose and Catherine Wolfram

0471: Electricity Market Reform in the European Union: Review of progress towards liberalisation and integration

Tooraj Jamasb and Michael Pollitt

0470: Electricity Generation with Looped Transmission Networks: Bidding to an ISO

Xinmin Hu, Daniel Ralph, Eric K. Ralph, Peter Bardsley and Michael C. Ferris

0469: Electricity Liberalisation in Britain: the quest for a satisfactory wholesale market design

David M Newbery

0468: Modelling Stochastic Relative Preferences

Petra Geraats

0467: Continuous Cumulative Prospect Theory and Individual Asset Allocation

Greg B. Davies and Stephen E. Satchell

0466: Electricity Transmission Pricing: How much does it cost to get it wrong?

Richard Green

0465: Regulation of transmission expansion in Argentina Part II: Developments since the Fourth Line

Stephen Littlechild and Carlos J Skerk

0464: Regulation of transmission expansion in Argentina Part I: State ownership, reform and the Fourth Line

Stephen Littlechild and Carlos J Skerk

0463: Electricity transmission: an overview of the current debate

Gert Brunekreeft, Karsten Neuhoff and David M Newbery

0462: Links and Architecture in Village Networks (previously: Endogenous Network Formation and Informal Institutions in Village Economies)

Pramila Krishnan and Emanuela Sciubba

0461: Multiple Social Interaction and Reproductive Externalities: An Investigation of Fertility Behaviour in Kenya

Sriya Iyer and Melvyn Weeks

0460: Large Scale Deployment of Renewables for Electricity Generation

Karsten Neuhoff

0459: Generation Adequacy and Investment Incentives in Britain: from the Pool to NETA

Fabien Roques, David M Newbery and William Nuttall

0458: The Behavioural Components of Risk Aversion

Greg B. Davies and Stephen E. Satchell

0457: Tradable Permits with Incomplete Monitoring: Evidence from Santiago’s Particulate Permits Program

Juan-Pablo Montero

0456: Pollution Markets with Imperfectly Observed Emissions

Juan-Pablo Montero

0455: Market Power in the England and Wales Wholesale Electricity Market 1995-2000

Andrew Sweeting

0454: Transmission Policy in the United States

Paul Joskow

0453: A Pair-wise Approach to Testing for Output and Growth Convergence

Mohammad Pesaran

0452: Representative Consumer's Risk Aversion and Efficient Risk-Sharing Rules

Chiaki Hara and Christoph Kuzmics

0451: Explaining Changes in Female Labour Supply in a Life-cycle Model

Orazio Attanasio, Hamish Low and Virginia Sanchez-Marcos

0450: Reliability and Competitive Electricity Markets

Paul Joskow and Jean Tirole

0449: Electricity Reform in Argentina: Lessons for Developing Countries

Michael Pollitt

0448: Electricity Reform in Chile: Lessons for Developing Countries

Michael Pollitt

0447: The Biodiversity Bargaining Problem

J. Rupert J. Gatti, Timo Goeschl, Ben Groom and Timothy Swanson

0446: The Consequences for Consumer Welfare of the 2001-2003 Electricity Distribution Price Review in The Netherlands

Paul H. L. Nillesen and Michael Pollitt

0445: From Exogenous to Endogenous Networks: Internet Applications

Alessio D'Ignazio and Emanuele Giovannetti

0444: Allocation of Carbon Emission Certificates in the Power Sector: How generators profit from grandfathered rights

Kim Keats Martinez and Karsten Neuhoff

0443: Discrete Choice Models in Preference Space and Willingness-to Pay Space

Kenneth Train and Melvyn Weeks