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Faculty of Economics

The Cambridge Working Papers in Economics (CWPE) from the Faculty of Economics is a series of papers presenting early stage research findings in Economics. The Faculty is committed to providing a platform that shares world leading, dynamic research examining the global challenges of today. Running for more than 20 years , the series has shared early research findings from eminent Economists such as President of the Royal Economic Society, Sir Partha Dasgupta, and Nobel Laureates such as Amartya Sen.

Please note that the Working Papers should not be quoted without the expressed permission of the author.

If you would like to submit your paper, please see the guidance in the ‘How to Submit’ tab.

Recent Papers


Title Authors CWPE Number Year
A Unit Commitment and Economic Dispatch Model of the GB Electricity Market – Formulation and Application to Hydro Pumped StorageChyong, C-K., Newbery, D., McCarty, T.CWPE1968 [2019]
Estimating Lifetimes and Stock Turnover Dynamics of Urban Residential Buildings in ChinaZhou, W., Moncaster, A., Reiner, D., Guthrie, P.CWPE1967 [2019]
What Firms Do: Gender Inequality in Linked Employer-Employee Data Casarico, A. and Lattanzio, S.CWPE1966 [2019]
Long-Term Macroeconomic Effects of Climate Change: A Cross-Country Analysis Kahn, M. E., Mohaddes, K., Ng, R. N. C., Pesaran, M. H., Raissi, M. and Yang, J-C.CWPE1965 [2019]
European Gas Markets, Trading Hubs, and Price Formation: A Network PerspectiveWoroniuk, D., Karam, A., Jamasb, T.CWPE1964 [2019]

Full List of Current Papers

<< CWPE Home | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | Full List >>

Title Authors CWPE Number Year
A Unit Commitment and Economic Dispatch Model of the GB Electricity Market – Formulation and Application to Hydro Pumped StorageChyong, C-K., Newbery, D., McCarty, T.CWPE1968 [2019]
Estimating Lifetimes and Stock Turnover Dynamics of Urban Residential Buildings in ChinaZhou, W., Moncaster, A., Reiner, D., Guthrie, P.CWPE1967 [2019]
What Firms Do: Gender Inequality in Linked Employer-Employee Data Casarico, A. and Lattanzio, S.CWPE1966 [2019]
Long-Term Macroeconomic Effects of Climate Change: A Cross-Country Analysis Kahn, M. E., Mohaddes, K., Ng, R. N. C., Pesaran, M. H., Raissi, M. and Yang, J-C.CWPE1965 [2019]
European Gas Markets, Trading Hubs, and Price Formation: A Network PerspectiveWoroniuk, D., Karam, A., Jamasb, T.CWPE1964 [2019]
The Problem of Bigness: From Standard Oil to GoogleLamoreaux, N.CWPE1963 [2019]
Voting Trusts and Antitrust: Rethinking the Role of Shareholder Rights and Private Litigation in Public Regulation, 1880s to 1930sLamoreaux, N., Philips Sawyer, L.CWPE1962 [2019]
A Model of Weighted Network FormationBaumann, L.CWPE1961 [2019]
Capacity mechanisms and the technology mix in competitive electricity marketsHolmberg, P., Ritz, R.CWPE1960 [2019]
Profile-Score Adjustments for Incidental-Parameter ProblemsDhaene, G., Jochmans, K.CWPE1959 [2019]
Modified-Likelihood Estimation of Fixed-Effect Models for Dyadic DataJochmans, K.CWPE1958 [2019]
Heteroskedasticity-Robust Inference in Linear Regression ModelsJochmans, K.CWPE1957 [2019]
Digitalisation and New Business Models in Energy SectorKüfeoğlu, S., Liu, G., Anaya, K., Pollitt, M.CWPE1956 [2019]
Can wholesale electricity prices support “subsidy-free” generation investment in Europe?Chyong, C., Pollitt, M., Cruise, R.CWPE1955 [2019]
Games on Multi-Layer NetworksWalsh, A. M.CWPE1954 [2019]
Trading in Complex NetworksCardoso, F. M., Gracia-Lázaro, C., Moisan, F., Goyal, S., Sánchez, A. and Moreno, Y.CWPE1953 [2019]
Dependent Microstructure Noise and Integrated Volatility: Estimation from High-Frequency DataLi, Z. M., Laeven, R. J. A. and Vellekoop, M. H.CWPE1952 [2019]
The Impact of Unilateral Carbon Taxes on Cross-Border Electricity TradingGuo, B., Newbery, D., Gissey, G.CWPE1951 [2019]
Score-Driven Models for Realized VolatilityHarvey, A. and Palumbo, D.CWPE1950 [2019]
Political Economy of Reform and Regulation in the Electricity Sector of Sub-Saharan AfricaImam, M., Jamasb, T. and Llorca, M.CWPE1949 [2019]
Energy Consumption of Bitcoin MiningKüfeoğlu, S. and Özkuran, M.CWPE1948 [2019]
Elecxit: The Cost of Bilaterally Uncoupling British-EU Electricity TradeGeske, J., Green, R. and Staffell, I.CWPE1947 [2019]
Inference on a distribution from noisy drawsJochmans, K. and Weidner, M.CWPE1946 [2019]
twexp and twgravity: Estimating exponential regression models with two-way fixed effectsJochmans, K. and Verardi, V.CWPE1945 [2019]
xtserialpm: A portmanteau test for serial correlation in a linear panel modelJochmans, K. and Verardi, V.CWPE1944 [2019]
The role of expectations for market design – on structural regulatory uncertainty in electricity marketsAmbrosius, M., Egerer, J., Grimm, V. and van der Weijde, A.CWPE1943 [2019]
Network Utilities Performance and Institutional Quality: Evidence from the Italian Electricity SectorSoroush, G., Cambini, C., Jamasb, T. and Llorca, M.CWPE1942 [2019]
The private and social value of British electrical interconnectorsNewbery, D., Gissey, G., Guo, B. and Dodds, P.CWPE1941 [2019]
The Impact of the 1932 General Tariff: A Difference-in-Difference ApproachLloyd, S. and Solomou, S.CWPE1940 [2019]
Fixed-Effect Regressions on Network DataJochmans, K. and Weidner, M.CWPE1938 [2019]
The Impact of QE on Liquidity: Evidence from the UK Corporate Bond Purchase SchemeBoneva, L., Elliott, D., Kaminska, I., Linton, O., McLaren, N., Morley, B.CWPE1937 [2019]
Quantilograms under Strong DependenceLee, L., Linton, O., Whang, Y-J.CWPE1936 [2019]
Network Formation in Large GroupsChoi, S., Goyal, S. and Moisan, F.CWPE1935 [2019]
A Unified Framework for Efficient Estimation of General Treatment ModelsAi, C., Linton, O., Motegi, K., Zhang, Z.CWPE1934 [2019]
Estimation and Inference in Semiparametric Quantile Factor ModelsMa, S., Linton, O., Gao, J.CWPE1933 [2019]
Nonparametric Predictive Regressions for Stock Return PredictionCheng, T., Gao, J., Linton, O.CWPE1932 [2019]
Market Power and Innovation in the Intangible EconomyDe Ridder, M.CWPE1931 [2019]
Growth of international finance and emerging economies: Elements for alternative approachAlves, C., Toporowski, J.CWPE1930 [2019]
How BLUE is the Sky? Estimating the Air Quality Data in Beijing During the Blue Sky Day Period (2008-2012) by the Bayesian LSTM ApproachHan, Y., Li,V.,Lam, J., Pollitt, M.CWPE1929 [2019]
Foreign in influence and domestic policy: A surveyToke S. Aidt, Facundo Albornoz, Esther HaukCWPE1928 [2019]
Capacity vs Energy Subsidies for Renewables: Benefits and Costs for the 2030 EU Power MarketÖzdemir, Ö., Hobbs, B., van Hout, M., Koutstaal, P.CWPE1927 [2019]
The Role of Headhunters in Wage Inequality: It's All about MatchingGorn, A.CWPE1926 [2019]
Does Schooling Cause Structural Transformation?Porzio, T., Santangelo, G.CWPE1925 [2019]
Firms and Farms: The Local Effects of Farm Income on Firms’ DemandSantangelo, G.CWPE1924 [2019]
Some Dynamic and Steady-State Properties of Threshold Autoregressions with Applications to Stationarity and Local ExplosivityAhmed, M. F. and Satchell, S.CWPE1923 [2019]
Demand Cycles and Heterogeneous Conformity PreferencesBaumann, L.CWPE1922 [2019]
Market Power and Spatial Competition in Rural IndiaChatterjee, S.CWPE1921 [2019]
Understanding overlapping policies: Internal carbon leakage and the punctured waterbedPerino, G., Ritz, R., Van Benthem, A.CWPE1920 [2019]
Production efficiency of nodal and zonal pricing in imperfectly competitive electricity marketsSarfati, M., Hesamzadeh, M-R., Holmberg, P.CWPE1919 [2019]
Challenges to the Future of European Single Market in Natural GasChyong, C-K.CWPE1918 [2019]
Strengths and Weaknesses of the British Market ModelNewbery, D.CWPE1917 [2019]
Nonparametric Recovery of the Yield Curve Evolution from Cross-Section and Time Series InformationKoo, B., La Vecchia, D., Linton, O.CWPE1916 [2019]
Exchange Rate Shocks and Quality AdjustmentsGoetz, D. and Rodnyansky, A.CWPE1915 [2019]
The Euro Crisis in the Mirror of the EMS: How Tying Odysseus to the Mast Avoided the Sirens but Led Him to CharybdisCorsetti, G., Eichengreen, B., Hale, G. and Tallman, E.CWPE1914 [2019]
Dynamic Tobit modelsHarvey, A., Liao, Y.CWPE1913 [2019]
A Dynamic Model of Personality, Schooling, and Occupational ChoiceTodd, P., Zhang, W.CWPE1912 [2019]
Informative Social InteractionsArrondel, L., Calvo-Pardo, H., Giannitsarou, C., Haliassos, M.CWPE1911 [2019]
Testing for Correlation in Error-Component ModelsJochmans, K.CWPE1910 [2019]
Nutritional Inequality: The Role of Prices, Income, and PreferencesAmano-Patiño, N.CWPE1909 [2019]
Robust Measures of Microstructure NoiseMerrick Li, Z., Linton, OCWPE1908 [2019]
Efficient Estimation of Nonparametric Regression in The Presence of Dynamic HeteroskedasticityLinton, O., Xiao, Z.CWPE1907 [2019]
Semiparametric Nonlinear Panel Data Models with Measurement ErrorLinton, O., Shiu, J-L.CWPE1906 [2019]
Ownership Unbundling of Electricity Distribution NetworksNillesen, P., Pollitt, M.CWPE1905 [2019]
The impact of a Carbon Tax on the CO2 emissions reduction of windChyong, C-K., Guo, B., Newbery, D.CWPE1904 [2019]
Energy Systems Integration: Economics of a New ParadigmJamasb, T., Llorca, M.CWPE1903 [2019]
Central- versus Self-Dispatch in Electricity MarketsAhlqvist, V., Holmberg, P., Tangeras, T.CWPE1902 [2019]
On the impact of government-initiated CfD’s in Australia’s National Electricity MarketSimshauser, P.CWPE1901 [2019]

Instructions for Authors


The Cambridge Working Papers in Economics (CWPE) series is intended for early dissemination of the following kinds of research output:

  • Papers that will be submitted to journals, or as chapters in edited books, for which early dissemination and the resulting comments are advantageous
  • Papers which contain important research findings that may be inappropriate for a journal (e.g. too many tables or graphs) but are destined to become serious sections of occasional papers or monographs or be edited down later to journal length
  • Articles that have been published in another language

Papers submitted for the series should be emailed in pdf format to the Research Administrator (research-admin@econ.cam.ac.uk), who will seek approval for publication.


Papers should be formatted according to the following style guidelines:

(i) General formatting and fonts:

The first page of the text should be numbered 1 (centre bottom) and contain the title, author(s), address/affiliation, date, an abstract of no more than 150 words, JEL classification (please see http://aeaweb.org/journal/elclasjn.html), and keywords. Acknowledgement of any associated grant‐giving body should be made, quoting reference number.

Suggested font definitions: 12 pt Times Roman, 10 pt for footnotes. Fresh paragraphs should be shown by an indent rather than a double line space.

(ii) Bibliography format:

(a) Book: author/editor name(s) with the family name first, (date of publication in brackets), title in italics, series if relevant, name of publisher e.g. Mitton, L., Sutherland, H. and Weeks, M. (eds) (2000) Microsimulation Modelling for Policy

Analysis: Challenges and Innovations, DAE Occasional Paper No. 65, Cambridge University Press

(b) Article: author(s) with family name first, (date of publication in brackets), ‘article title in single quotes’, journal name in italics, volume and page numbers. e.g. Chadha, J. S., and Dimsdale, N. (1999) ‘A long view of interest rates’, Oxford Review of Economic Policy, pp 17‐45

(iii) A pdf file will be required for posting on the Faculty website

(iv) It is up to the author to ensure that no copyright agreements are infringed by publication

CWPE Statistics


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