Does Hazardous Waste Matter? Evidence from the Housing Market and the Superfund Program

Posted on January 6th, 2022 by tagadmin

This paper uses the housing market to develop estimates of the local welfare impacts of Superfund sponsored clean-ups of hazardous […]

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The Future of Nuclear Power in the United States: Economic and Regulatory Challenges

Posted on January 6th, 2022 by tagadmin

This paper examines the economic and regulatory challenges that must be faced by potential investors in new nuclear power plants […]

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Infrastructure Investments and Resource Adequacy in the Restructured US Natural Gas Market – Is Supply Security at Risk?

Posted on January 6th, 2022 by tagadmin

The objective of this paper is to analyze the development of US natural gas infrastructure over the last two decades […]

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Uncertainty in Environmental Economics

Posted on January 6th, 2022 by tagadmin

In a world of certainty, the design of environmental policy is relatively straightforward, and boils down to maximizing the present […]

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Over-Allocation or Abatement? A Preliminary Analysis of the EU ETS Based on the 2005 Emissions Data

Posted on January 6th, 2022 by tagadmin

This paper provides an initial analysis of the EU ETS based on the installation-level data for verified emissions and allowance […]

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The Allocation of European Union Allowances: Lessons, Unifying Themes and General Principles

Posted on January 6th, 2022 by tagadmin

On January 1st, 2005, the EU Emissions Trading Scheme (EU ETS) scheme was officially launched, only two years after the […]

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A New Era for Oil Prices

Posted on January 6th, 2022 by tagadmin

Since 2003 the international oil market has been moving away from the previous 20-year equilibrium in which prices fluctuated around […]

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New Entrant and Closure Provisions: How do they distort?

Posted on January 6th, 2022 by tagadmin

As a person whose life began in England and ended in North America and who maintained academic affiliations in the […]

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Energy Prices and the Adoption of Energy-Saving Technology

Posted on January 6th, 2022 by tagadmin

This paper investigates the link between factor prices, technology and factor demands. I estimate the effect of price-induced technology adoption […]

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Long-Term contracts and Asset Specificity Revisited – An Empirical Analysis of Producer-Importer Relations in the Natural Gas Industry

Posted on January 6th, 2022 by tagadmin

In this paper, we analyze structural changes in long-term contracts in the international trade of natural gas. Using a unique […]

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Competitive Electricity Markets and Investment in New Generating Capacity

Posted on January 6th, 2022 by tagadmin

Evidence from the U.S. and some other countries indicates that organized wholesale markets for electrical energy and operating reserves do […]

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The Convergence of Market Designs for Adequate Generating Capacity with Special Attention to the CAISO’s Resource Adequacy Problem

Posted on January 6th, 2022 by tagadmin

This paper compares market designs intended to solve the resource adequacy (RA) problem, and finds that, in spite of rivalrous […]

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Energy Prices and Energy Intensity in China: A Structural Decomposition Analysis and Econometrics Study

Posted on January 6th, 2022 by tagadmin

Since the start of its economic reforms in 1978, China’s energy prices relative to other prices have increased. At the […]

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Using Futures Prices to Filter Short-term Volatility and Recover a Latent, Long-term Price Series for Oil

Posted on January 6th, 2022 by tagadmin

Oil prices are very volatile. But much of this volatility seems to reflect short-term, transitory factors that may have little […]

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Short & Long Run Transmission Incentives for Generation Location

Posted on January 6th, 2022 by tagadmin

This paper is about one aspect of Britain’s electricity trading system, its advantages and its weaknesses concerning the incentives it […]

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Efficient Bidding for Hydro Power Plants in Markets for Energy and Ancillary Services

Posted on January 6th, 2022 by tagadmin

In order to preserve stability of electricity supply generators must provide ancillary services in addition to energy production. Hydroelectric resources […]

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Rational Plunging and the Option Value of Sequential Investment: The Case of Petroleum Exploration

Posted on January 6th, 2022 by tagadmin

Any investor in assets that can be exploited sequentially faces a tradeoff between diversification and concentration. Loading a portfolio with […]

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The Economic Impacts of Climate Change: Evidence from Agricultural Profits and Random Fluctuations in Weather

Posted on January 6th, 2022 by tagadmin

This paper measures the economic impact of climate change on US agricultural land by estimating the effect of the presumably […]

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The Future of Nuclear Power in the United States: Economic and Regulatory Challenges

Posted on December 2nd, 2006 by tagadmin

Paul L. Joskow, December 2006 This paper examines the economic and regulatory challenges that must be faced by potential investors […]

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Infrastructure Investments and Resource Adequacy in the Restructured US Natural Gas Market – Is Supply Security at Risk?

Posted on December 2nd, 2006 by tagadmin

Christian von Hirschhausen, December 2006 The objective of this paper is to analyze the development of US natural gas infrastructure […]

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Long-Term contracts and Asset Specificity Revisited – An Empirical Analysis of Producer-Importer Relations in the Natural Gas Industry

Posted on May 2nd, 2006 by tagadmin

Anne Neumann and Christian von Hirschhausen, May 2006 In this paper, we analyze structural changes in long-term contracts in the […]

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Short & Long Run Transmission Incentives for Generation Location

Posted on March 2nd, 2006 by tagadmin

Ralph Turvey, March 2006 This paper is about one aspect of Britain’s electricity trading system, its advantages and its weaknesses […]

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