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Transfers would play a key role in the implementation of Nationally Appropriate Mitigation Actions (NAMAs) in developing countries. In this paper, we analyze the desirable features of such transfers - i.e., individually rational, budget-balanced, anti-ince ...
The establishment of a single European day-ahead market has accomplished the integration of the regional day-ahead markets. However, the reserves provision and activation remain an exclusive responsibility of regional operators. This limited spatial coordi ...
The establishment of a single European day-ahead market has accomplished the integration of the regional day-ahead markets. However, reserve provision and activation remain an exclusive responsibility of regional operators. This limited spatial coordinatio ...
This paper tests empirically the strategic explanation of budget deficits suggested by Tabellini and Alesina [13] and Persson and Svensson [12]. Tabellini and Alesina suggest that governments with different political orientation provide different public go ...
In this thesis I study how firms choose their optimal debt maturity. The recent financial crisis illustrated why debt maturity is an important determinant of firmsâ capital structure and it also renewed economistsâ interest in this topic, see for examp ...
