Archives for CORE

Heterogeneity in the Tax Pass-Through to Spirit Retail Prices: Evidence from Belgium Valerio Serse, CORE UCLouvain On 1st November 2015, the Belgian government increased the excise tax on alcoholic beverages. For spirits with 40% of alcohol and bottle size of 70cl, this tax change is...

Congestion Management in a Stochastic Dispatch Model for Electricity Markets Mette Björndal, Norwegian School of Economics We consider an electricity market organized with two settlements: one for a pre-delivery (day-ahead) market and one for real time, where uncertainty regarding production...

Unrealistic Expectations and Misguided Learning Paul Heidhues, University of Dusseldorf We explore the learning process and behavior of an individual with unrealistically high expectations (“overconfidence”) when outcomes also depend on an external fundamental that affects the optimal...

IMMAQ, together with LSM, is organizing a talk with Paul de Grauwe (LSE) where he will present his latest book, The Limits of the Market: The Pendulum between Government and Market. The event will be held at UCL (Place de l'Université 1, 1348 Louvain-la-Neuve) on Wednesday, November 15,...