In this paper we provide a simulations-based demonstration of a hybrid electricity market that combines the distributed competitive advantages of […]
READ moreIn what follows, we highlight problems created by aggregation using fixed conversion coefficients (Section 1). We then offer an economic […]
READ moreThank you for giving me the opportunity to appear here today to discuss issues associated with the restructuring of U.S. […]
READ moreThe introduction of market rules in a electricity supply industry characterized by a vertically integrated monopoly and public ownership is […]
READ moreSince 1999, regional retail and wholesale gasoline markets in the United States have experienced significant price volatility, both intertemporally and […]
READ moreWhen access to monopoly owned networks is constrained auctioning access rights can increase the efficiency of allocations relative to negotiation […]
READ moreThis paper develops a methodology for estimating potential cost savings from the use of market-based instruments (MBIs) when local emissions […]
READ moreA tradeable permits market is said to be efficient when all affected firms trade permits until their marginal costs equal […]
READ moreThis paper provides an empirical evaluation of the temporal efficiency of the U.S. Acid Rain Program, which implemented a nationwide […]
READ moreThis paper evaluates President Bush’s recent proposal to reduce the cap on total SO2 emissions using a model of emissions […]
READ moreI study the design of environmental policies for a regulator that has incomplete information on firms’ emissions and costs of […]
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