Informational Barriers to Energy Efficiency - Theory and European Policies. Bruges European Economic Research (BEER) Papers 15/2009

This BEER addresses informational barriers to energy efficiency. It is a widely acknowledged result that an energy efficiency gap exists implying that the level of energy efficiency is at an inefficiently low level. Several barriers to energy efficiency create this gap and the presence of asymmetric information is likely to be one such barrier. In this article a theoretical framework is presented addressing the issues of moral hazard and adverse selection related to energy efficiency. Based on the theoretical framework, European policies on energy efficiency are evaluated. The article is divided into two main parts. The first part presents the theory on information asymmetries and its consequences on energy efficiency focusing on the problems of moral hazard and adverse selection. Having established a theoretical framework to understand the agency barriers to energy efficiency, the second part evaluates the policies of the European Union on energy efficiency. The BEER finds that problems of moral hazard and adverse selection indeed can help explain the seemingly low levels of energy. In both presented models the cost to the principal from implementing high energy efficiency outcome is increased with the informational asymmetries. The theory reveals two implications to policies on energy efficiency. First, the development of measures to enable contractual parties to base remuneration on energy performance must be enhanced, and second, the information on technologies and the education of consumers and installers on energy efficiency must be increased. This could be complemented with certification of installers and energy efficiency advisors to enable consumers to select good agents. Finally, it is found that the preferred EU policy instrument on energy efficiency, so far, seems to be the use of minimum requirements. Less used in EU legislation is the use of measuring and verification as well as the use of certifications. Therefore, it is concluded that the EU should consider an increased use of these instruments, and in particular focus on a further development of standards on measurability and verification as well as an increased focus on education of consumers as well as installers and advisors on energy efficiency.

The EU-Turkey Customs Union: A model for Future Euro-Med Integration. MEDPRO Technical Report No. 9/March 2012

This paper studying the 1995 EU-Turkey Customs Union (CU) reveals that the CU has been a major instrument of integration of the Turkish economy into the EU and global markets, offering powerful tools to reform the Turkish economy. Turkish producers of industrial goods are protected by tariffs from external competition to exactly the same extent as EU producers, and they face competition from duty-free imports of industrial goods from world-class pan-European firms. In return, Turkish industrial producers have duty-free market access to the European Economic Area, which was recently extended to certain Mediterranean countries. Trade liberalisation achieved through the CU has thus successfully moved the Turkish economy from a government-controlled regime to a market-based one, and Turkish producers of industrial goods have performed remarkably well. The paper further shows that market access conditions for Turkish producers are determined, in addition to tariffs, by standards, conformity assessment procedures, competition policy, industrial property rights and contingent protectionism measures. The CU also offered Turkey the opportunity to establish new institutions, and modernise and upgrade rules and disciplines required for the elimination of technical barriers to trade, and for the implementation of the EU’s competition, industrial property rights, and contingent protectionism policies.

Germany's stance on the TTIP. Background, interests and concerns. OSW Studies 52, March 2015

Co-operation between the United States and Germany has for many years been a subject of disputes. In addition to the differences over the US engagement in the resolution of international conflicts, bilateral relations have been strained as a consequence of the so-called Snowden scandal and the unproved allegations that Chancellor Angela Merkel’s telephone was wiretapped. The Transatlantic Trade and Investment Partnership offers a chance for improving relations between Germany and the USA for the first time in many years. Companies from the two countries may benefit from the lifting of some barriers to transatlantic economic co-operation. Furthermore, the emergence of in fact an internal EU and US market, with reduced customs tariffs and harmonised legal and economic rules, will pressure the emerging economies to make their markets more open. The TTIP may create conditions for exporting US raw materials from unconventional sources to the European Union; and this will be a benefit of geopolitical significance for Germany. The German government is aware of the fact that diversification of supplies of fossil fuels will make Europe less dependent on pressure from Moscow.

Capacity mechanisms. A credibility test for the Energy Union? EPC Policy Brief, 11 June 2015

Recently, few aspects of the debate surrounding energy have been as divisive as capacity markets. After having given a green light to a capacity remuneration scheme in the UK in 2014, the EU Commission is now considering starting a sector inquiry in several member states. This paper aims at shedding some light on what capacity markets are about and what are the EU-specific implications, arguing that the debate is ill framed within a market context still focused on conventional power generation, and making the case for a coordinated approach to solve the fallacies of the present system.

Quantifying Non-Tariff Measures for TTIP. Paper No. 12 in the CEPS-CTR project ‘TTIP in the Balance’ and CEPS Special Report No. 116/July 2015

This paper provides an overview of methods employed to quantify non-tariff measures (NTMs) and then analyses their differences and looks at what these mean for the Transatlantic Trade and Investment Partnership (TTIP) negotiations. The authors find several similarities in the approaches taken. Because all studies conclude that NTMs matter, they argue that policy-makers are right to focus on ‘regulatory cooperation’ in TTIP. Given the significant differences in NTMs across sectors, policy-makers are urged to dive deep into sector-specific elements of NTMs and focus on those sectors where the largest potential gains can be made (i.e. where NTMs are highest, such as in agriculture, automobiles, steel, textiles and insurance services). An area identified for further research is the fact that unlike trade taxes (i.e. tariffs), regulatory barriers to trade are not generally targeted as the primary policy objective, but rather stem from other strategic policy concerns such as consumer safety and/or social and environmental protection. This element should be further investigated.

The rise of capacity mechanisms: are they inevitable in the European Union? Egmont Paper 80, September 2015

These last years, in multiple Member States, the electricity markets have seen the rapid emergence of Capacity Remuneration Mechanisms (CRMs). They are meant to guarantee the stability of the electricity system in a more uncertain context. The reactions of the European Commission were late towards them. It is thus essential to bring some clarity here, otherwise the legal uncertainty could become a new impediment for investment.

Who Benefits from a Transatlantic Free Trade Agreement? Policy Brief #2013/04

From a purely economic standpoint, the US and the entire EU will profit from a dismantling of tariffs and non-tariff trade barriers between both regions. The real gross domestic product per capita would increase in the US and in all 27 EU member countries. Also when one looks at labor markets, the positive effects on employment predominate: Two million additional jobs could be created in the Organization for Economic Co-operation and Development (OECD) zone over the long run. The public welfare gains of these economies admittedly do stand in contrast with real losses in income and employment in the rest of the world. On balance, however, the beneficial effects on economic welfare prevail.

The Impact of the Collaborative Economy on the Labour Market. CEPS Special Report No. 138, June 2016

The digitalisation of work is creating new ways of intermediating work, with for example platforms intermediating work between individuals online. These so-called online collaborative platforms have the potential to fundamentally change the labour market, but for the moment, with an estimated 100,000 active workers or 0.05% of total employees in the EU, they do not seem to have a large impact on the offline/traditional labour market or the create/destroy impetus. This paper analyses the direct and indirect impact of the collaborative economy on the labour market. The findings, based on a collection of empirical studies, suggest that most workers do not earn their main income through online platforms and they obtain earnings from different types of platforms. Earnings from physical/local services are, in general, substantially higher than virtual services that can potentially be delivered globally. The paper also assesses the conditions, number of hours worked and employment status, compared to the offline labour market, and finds shows large differences across types of workers, platforms, and countries. The emergence of online collaborative platforms poses some challenges and opportunities for policy-makers. On the one hand, they may be challenged to ensure minimum remuneration, fair evaluation, tax declaration and social protection, and reduction of the administrative burden. On the other hand, the new technologies may provide opportunities to (partially) liberate some professional services and activate specific groups at a distance away from the labour market. This paper was commissioned by the European Commission as input into its European Agenda for the Collaborative Economy. This Ag

The China-Russia trade relationship and its impact on Europe. Breugel Working Paper Issue 4, 2016

This paper analyses empirically how increasingly close trade relations between China and Russia might affect the European Union (EU). We show that EU countries are complementary to Russia on the Chinese market. However, Chinese exports are increasingly relevant substitutes for EU exports on the Russian market. This means that an increase in China-Russia economic cooperation should have a negative impact on European exports. We simulate a scenario in which trade tariffs between Russia and China are eliminated, which is found to reduce EU exports to Russia. Finally, a more granular approach to the question analyses which sectors in Europe will be more affected by the increasing economic links between China and Russia, and finds that electronic machinery, equipment and machinery, and nuclear reactors will be particularly affected. Such findings obviously show quickly China is moving up the ladder in terms of export structure and how strategically important it is for Europe to continue upgrading its industry to compete at the highest level of that ladder.

Perceptions des femmes exerçant différentes formes d'activités sexuelles rémunérées hors rue sur leur pratique

La présente recherche rend compte de la perception de leurs activités de huit femmes ayant pratiqué ou pratiquant toujours diverses formes d’activités sexuelles rémunérées dans un contexte hors rue. Les formes d’activités les plus souvent abordées sont la danse nue avec et sans contacts, l’escorte, le massage érotique et le phénomène communément appelé « sugar daddy », soit l’échange des services contre rémunération avec un client en particulier. Deux participantes de l’échantillon ont, parallèlement à leurs pratiques hors rue, exercé dans la rue. Le terme « pratiques sexuelles rémunérées » a été privilégié afin d’assurer une perspective neutre, c’est-à-dire sans parti pris a priori pour aucune des deux visions préexistantes par rapport au phénomène se situant à deux extrémités de ce que nous percevons plutôt être un continuum, soit la vision abolitionniste voulant que la « prostitution » soit une forme d’exploitation et de violence sexuelle commise principalement à l’égard des femmes, qui devrait être décriminalisée pour les femmes, mais criminalisée pour les clients et les proxénètes, et la vision soutenant que le « travail du sexe » est un choix qui constitue un travail comme un autre et, conséquemment, mérite d’être décriminalisé complètement, et ce, même pour les clients et les proxénètes. Notre approche visait essentiellement à permettre d’aller chercher les visions subjectives des femmes sur leur pratique, point de vue que nous retrouvons peu dans les écrits et les débats sur le sujet. La cadre théorique qui sous-tend notre analyse est celui de l’intersectionnalité. Les principales sources de discrimination ressorties sont l’âge, le statut socioéconomique, et l’origine ethnique pour une participante. Ces sources augmentent les facteurs de vulnérabilité faisant que les femmes se dirigent vers l’univers des pratiques sexuelles rémunérées, y demeurent ou parfois y retournent après un arrêt, ceci afin d’assurer leur subsistance, la consommation de substances psychoactives ou pour pouvoir rembourser des dettes et/ou se payer certains luxes. Le but de notre étude est de découvrir et de comprendre la perception des femmes quant à leur expérience associée à la pratique de différentes formes d’activités sexuelles rémunérées hors rue. Il s’agissait plus spécifiquement de décrire, comprendre et analyser la trajectoire ayant conduit les femmes vers la pratique d’activités sexuelles rémunérées; comprendre leurs trajectoires et leurs expériences en fonction des différents types de pratique, plus ou moins intense, plus ou moins variée et plus ou moins étendue dans le temps et, enfin, de situer leur perspective sur le continuum du débat social positionnant la pratique d’activités sexuelles rémunérées comme étant soit une forme d’exploitation ou une forme de travail comme un autre. Afin d’atteindre ces objectifs, une approche qualitative faite d’entretiens semi-dirigés auprès des femmes a été réalisée. Nous avons ainsi pu situer les perspectives des femmes sur un continuum où plusieurs trouvaient leur place dans des visions plus nuancées de leur réalité, alors que d’autres rejoignaient davantage une des deux visions polarisées. En effet, certaines ont vécu leur expérience essentiellement comme une forme d’exploitation et de violence à leur égard, alors que d’autres en traitent comme un choix et un travail comme un autre.

International cable directory of the world, in conjunction with Western Union telegraphic code system.

Description based on: 1908.

Harmonized tariff schedule of the United States /

Latest issue consulted: Suppl. 1 to 2006.

[Miscellaneous publications]

[1] The American Businessman and international commercial arbitration -- [2] Simplifying U.S. customs procedure -- 3. Toward freer world trade -- 4. The specter of 1953 -- 5. Increasing international trade with world-wide protection of trade-marks -- 6. The ICC at work -- 7. Maintaining a high level of employment in a democratic world -- 8. 'Red tape' in trade and travel -- 9. The east-west trade controversy -- 10. The expansion of trade -- 11. The president's program for a foreign economic policy -- 12. Round table on European inland transport -- 13. G.A.T.T. an analysis and appraisal of the General Agreement on Tariffs and Trade -- 14. The organization for trade cooperation and the new G.A.T.T

Report on all the commercial relations of the United States with all foreign nations ... /

Comp. by Edmund Flagg.

Series of letters.

Contents: Protective taxes favor trusts, H.W. Lamb.; Trusts & tariffs, Wm. L. Garrison; Tin-plate trust, B.W. Holt; Tariff responsible for trusts, L. Purdy; Printing paper trust, C. Tomkins; Steel trust episode, A.B. # Borax trust, B.W. Holt; Tin plates again, H.W. Lamb; Iron ore trust, B. Hall; Steel and wire, J.D.W. Warner; Salt trust, B.W. Holt.