Selaus syöttöajan mukaan kokoelmassa Vertaisarvioidut artikkelit (Peer-reviewed articles)

    • Profitability Determinants of Unlisted Renewable Energy Companies in Germany—A Longitudinal Analysis of Financial Accounts 

      Luts, Maria-Kristiine; Savolainen, Jyrki; Collan, Mikael
      Sustainability : 24, Open Access (MDPI, 2021)
      The fight against a climate crisis has urged nations and the global community to cut emissions and to define ambitious environmental goals. This has highlighted the importance of the renewable energy (RE) industry. Germany ...
    • New Credibilistic Real Option Model Based on the Pessimism-Optimism Character of a Decision-Maker 

      Georgescu, Irina; Kinnunen, Jani; Collan, Mikael
      Data Management, Analytics and Innovation. Lecture Notes on Data Engineering and Communications Technologies : Available online (Springer Singapore, 2021)
      Fuzzy real options analysis has gained increasing attention among investment practitioners as well as investment theory-focused academics. The strength of the real option valuation (ROV) models, when compared to the more ...
    • The Long-Run Effects of Cesarean Sections 

      Costa-Ramón, Ana; Kortelainen, Mika; Rodríguez-González, Ana; Sääksvuori, Lauri
      The Journal of Human Resources : Forthcoming, Open Access (University of Wisconsin Press, 2020)
      This paper analyzes the long-term effects of potentially avoidable cesarean sections on children’s health. Using Finnish administrative data, we document that physicians perform more unplanned C-sections during their regular ...
    • Digital Coaching System for Real Options Analysis with Multi-expert and Machine Learning Support 

      Kinnunen, Jari; Collan, Mikael; Georgescu, Irina; Hosseini, Zahra
      HCI International 2021 - Late Breaking Papers: Multimodality, eXtended Reality, and Artificial Intelligence. HCII 2021. Lecture Notes in Computer Science (Springer Cham, 2021)
      Digitalization and artificial intelligence are growing in importance as parts of decision-support tools in various application domains. One of the important developments in this vein has been the creation of interactive ...
    • Analyzing the returns and rate of return regulation of Finnish electricity distribution system operators 2015–2019 

      Collan, Mikael; Savolainen, Jyrki; Lilja, Emma
      Energy Policy : Open access (Elsevier, 2021)
      Electricity distribution prices have steeply increased in Finland since 2015. This research investigates the returns from the Finnish low-voltage electricity distribution business and compares them to returns from three ...
    • The impact of wind power and electricity demand on the relevance of different short-term electricity markets: The Nordic case 

      Spodniak, Petr; Ollikka, Kimmo; Honkapuro, Samuli
      Applied Energy : Open Access (Elsevier, 2021)
      Electricity wholesale markets are undergoing rapid transformation due to the increasing shares of variable renewable energy sources. We therefore asked whether trading activity is shifting from the traditionally dominant ...
    • Digitalisation in wind and solar power technologies 

      Kangas, H.L.; Ollikka, Kimmo; Ahola, J.; Kim, Y.
      Renewable and Sustainable Energy Reviews : Open Access (Elsevier, 2021)
      Smart energy transition includes a widespread deployment of clean energy technologies and intelligent energy management with information and communication technologies (ICTs). In this paper, the smart energy transition is ...
    • Revisiting the effects of housing transfer taxes 

      Eerola, Essi; Harjunen, Oskari; Lyytikäinen, Teemu; Saarimaa, Tuukka
      Journal of Urban Economics : Open Access (Elsevier, 2021)
      Housing transfer taxes are fiscally important in many countries despite evidence of substantial welfare costs. We argue that the welfare costs are larger than previously thought because previous studies ignore spillovers ...
    • Neighbors' Effects on University Enrollment 

      Barrios-Fernández, Andrés
      American Economic Journal: Applied Economics : 3 (American Economic Association, 2022)
      This paper combines detailed geographic information and individual educational records in Chile to provide causal evidence that close neighbors significantly influence enrollment in university. I exploit the quasi-random ...
    • O Brother, Where Start Thou? Sibling Spillovers on College and Major Choice in Four Countries 

      Altmejd, Adam; Barrios-Fernández, Andrés; Drlje, Marin; Goodman, Joshua; Hurwitz, Michael; Kovac, Dejan; Mulhern, Christine; Neilson, Christopher; Smith, Jonathan
      The Quarterly Journal of Economics : 3 (Open Access) (Oxford University Press, 2021)
      Family and social networks are widely believed to influence important life decisions, but causal identification of those effects is notoriously challenging. Using data from Chile, Croatia, Sweden, and the United States, ...
    • Removing Welfare Traps: Employment Responses in the Finnish Basic Income Experiment 

      Verho, Jouko; Hämäläinen, Kari; Kanninen, Ohto
      AEJ: Economic Policy : 1 (American Economic Association, 2022)
      This paper provides evidence that replacing minimum unemployment benefits with a basic income of equal size has minor employment effects at best. We examine an experiment in Finland in which 2,000 benefit recipients were ...
    • Beyond Black and White: The Impact of Asian Peers on Scholastic Achievement 

      d'Este, Rocco; Einiö, Elias
      Economics of Education Review : Open Access (Elsevier, 2021)
      This paper examines the effects of Asian peers on non-Asian student achievement in New York City public schools. We use exogenous variation in the share of Asian students across cohorts within schools stemming from a ...
    • Low-income housing policies: affordability and integration 

      Eerola, Essi
      Nordic Economic Policy Review : 2021:022 (Nordic Council of Ministers, 2021)
      I review the literature on housing policies intended to improve the housing conditions of low-income households and discuss the conclusions that can be drawn from the literature. I distinguish between tenant-based programs ...
    • Housing Allowance and Rents: Evidence from a Stepwise Subsidy Scheme 

      Eerola, Essi; Lyytikäinen, Teemu
      Scandinavian Journal of Economics : 1 (Wiley, 2021)
      In this paper, we study the effect of housing demand subsidies on rents using discontinuities in the Finnish housing allowance system as a quasi‐experimental setting. The stepwise dependence of housing allowance on the ...
    • Using Payroll Tax Variation to Unpack the Black Box of Firm-Level Production 

      Benzarti, Youssef; Harju, Jarkko
      Journal of the European Economic Association : 5 (Oxford University Press, 2021)
      This paper uses quasi-experimental variation in payroll tax rates in Finland to investigate how firms use their input factors. We find that higher payroll tax rates lead to large employment responses and have no effects ...
    • Possibilistic fuzzy pay-off method for real option valuation with application to research and development investment analysis 

      Stoklasa, Jan; Luukka, Pasi; Collan, Mikael
      Fuzzy Sets and Systems (Elsevier, 2021)
      This paper presents the first fully possibilistic method for real option valuation of investment projects, a new possibilistic variant of the fuzzy pay-off method for real option valuation. The new variant is derived by ...
    • Using meta-models in simulation-based investment analysis – studying the financing mix of metal mining investments 

      Savolainen, Jyrki; Collan, Mikael
      Fuzzy Economic Review : 1 (SIGEF, 2020)
      This paper is the first documented research effort on how simple meta-models can be used in simulation-based investment analysis. Modern computers allow the construction and simulation of near real-world emulating models, ...
    • The labor market in Finland, 2000–2018 

      Kyyrä, Tomi; Pesola, Hanna
      IZA World of Labor (IZA Institute of Labor Economics, 2020)
      Finland's population is aging rapidly by international comparison. The shrinking working-age population means that the burden of increasing pension and health care expenditures is placed on a smaller group of employed ...
    • It’s time to learn: School institutions and returns to instruction time 

      Barrios-Fernández, Andrés; Bovini, Giulia
      Economics of Education Review : Available online (Elsevier, 2021)
      This paper investigates whether the effects of a reform that substantially increased daily instruction time in Chilean primary schools vary depending on school institutions. Focusing on incumbent students and exploiting ...
    • Gender-specific top incomes: are they Pareto distributed? 

      Ravaska, Terhi
      Economics Bulletin : 3 (Open Access) (Economics Bulletin, 2020)
      Estimating the Pareto alpha parameters from the top income distribution separately for women and men can provide information on gender inequality at the top (Atkinson et al. 2018). However, whether the top incomes for women ...