The Carbon Footprint of Bitcoin

Blockchain began with Bitcoin, which was the first successful attempt to validate transactions via a decentralized data protocol. Participation in […]

Governing Cooperative Approaches Under the Paris Agreement

Parties to the Paris Agreement can engage in voluntary cooperation and use internationally transferred mitigation outcomes towards their national climate […]

The Climate and Economic Rationale for Investment in Life Extension of Spanish Nuclear Power Plants

Spain’s seven operating nuclear plants currently provide more than 20% of its electricity. Each of these began operation in the […]

Dynamic Competition and Arbitrage in Electricity Markets: The Role of Financial Players

I study the role of purely financial players in electricity markets, where they trade alongside physical buyers and sellers. Using […]

Energy Efficiency, Information, and the Acceptability of Rent Increases: A Multiple Price List Experiment with Tenants

This paper studies the role of imperfect information and attentional biases in the context of energy efficiency investments in rented […]

Does the U.S. Export Global Warming? Coal Trade and the Shale Gas Boom

We examine the effect of the U.S. Shale Gas Boom on global trade and consumption of coal and CO2 emissions. […]

Fair, Equitable, and Efficient Tariffs in the Presence of Distributed Energy Resources

Distributed energy resources (DERs) hold the potential to deliver substantial benefits to the power system. However, under traditional tariff schemes, […]

Coordinating Separate Markets for Externalities

We show that inefficiencies from having separate markets to correct an environmental externality are significantly mitigated when firms participate in […]

Ownership and Collusive Exit: Theory and a Case of Nuclear Phase-out

In a declining market each firm hopes others will exit first. Collusive cross-ownership removes this war of attrition: it achieves […]

Evaluating the Energy Efficiency Gap & Measuring Savings from Fault Detection Diagnostics

According to the International Energy Agency, energy efficiency programs make up 72% of global greenhouse gas abatement strategies. However, there […]

Resource Adequacy with Increasing Shares of Wind and Solar Power: A Comparison of European and U.S. Electricity Market Designs

We raise the question if improvements to current energy-only markets are sufficient to maintain resource adequacy in electricity markets or […]

Restructuring Revisited: Competition and Coordination in Electricity Distribution Systems

This paper addresses the implications of the emergence of distributed energy resources (DERs) for industry structure in the electric power […]

Sector Reforms and Institutional Corruption: Evidence from Electricity Industry in Sub-Saharan Africa

We analyse the impact of corruption and two key aspects of electricity sector reforms, such as the creation of independent […]

The Economics of Ride-Hailing: Driver Revenue, Expenses and Taxes (under revision)

UK Electricity Market Reform and the Energy Transition: Emerging Lessons

The UK was widely seen as one of the world’s leaders on electricity deregulation in the early 1990s. Though the […]

Subsidizing Fuel Efficient Cars: Evidence from China’s Automobile Industry

We examine the response of vehicle purchase behavior to China’s largest national subsidy program for fuel efficient vehicles during 2010 […]

The Use of Regression Statistics to Analyze Imperfect Pricing Policies

Corrective taxes can completely solve a variety of market failures, but actual policies are commonly forced to deviate from the […]

What’s Killing Nuclear Power in US Electricity Markets? Drivers of Wholesale Price Declines at Nuclear Generators in the PJM Interconnection

Electricity market prices across organized wholesale electricity markets in the United States have declined significantly in recent years, prompting several […]