The European Union's Emissions Trading System is the largest system in the world for trade in greenhouse gases. It used to be a cap-and-trade scheme with a fixed supply of permits. However, a recent reform of the system "punctures the waterbed" by making the supply of permits endogenous. The...

We investigate the process of electricity price formation in the Swedish intraday market, given a large share of wind power in the Swedish electricity system. According to Karanfil and Li’s (2017) approach, if the intraday market is efficient and liquid, with large shares of intermittent...

Data from a unique nationwide recreational fishing survey in Sweden is used to estimate benefits of recreational fishing in Sweden, differences between regions and age groups, and how they relate to expected catch. The data targets the whole Swedish population, and as a consequence a large...

Demand-responsive parking pricing programs, in which parking is priced based upon occupancy, are increasingly being used in cities experiencing rapid growth as a way to optimize parking. Despite the potential of demand-responsive parking in minimizing parking-related externalities, there are few...

In this note, we consider a case when a forestry property may lose its market value through “political risk”, illustrated here by it being classified as containing a key biotope. If a key biotope is found on a forest property in Sweden, the wood is almost impossible to sell. We show how the...

A tax-fund system has been proposed to advance Swedish forest conservation. We present a choice experiment with Swedish private forest owners on preferences for attributes of a tax-fund system. Focusing on three aspects: (i) freedom to choose set-asides, (ii) equity issues, and (iii) frequency...

How can increasing intermittent power generation in the Swedish electricity system be managed in a more market-oriented and cost-efficient way? We argue that market mechanisms are the most natural means for obtaining the needed flexibility in electricity systems. We believe that a complete ex...

Benford's law describes how different numbers are distributed as first figures in statistics. The law states, for example, that the number 1 should be the first digit in 30.1% of cases, the figure 2 in 17.6% of the cases and the figure 9 in 4.6% of the cases. If Benford's law is violated, it may...

This paper offers a non-technical overview of the issues involved when applying cost-benefit analysis (CBA) to hydropower, both in terms of new installations and changing existing regulatory structures. Our focus is on the conceptual and empirical problems of applying CBA to provide decision...