We examine within-country time series data on income and concentrations of SO2 smoke, and particulates to see if the shapes of pollution-income relationships in individual countries agree qualitatively with predictions of the environmental Kuznets curve. The shapes of these relationships are...

We develop a framework to assess and quantify the sustainability and reliability of different power production scenarios in a regional system, focusing on the interaction of microgrids with the existing transmission/distribution grid. The Northwestern European electricity market (Belgium,...

This paper examines the possibility of asymmetric transmission of CO2 prices to electricity futures prices in the second phase of the European Emission Trading Scheme. We would like to assess whether output prices tend to respond more quickly to input price increases than decreases: this...

The policy instrument many economists favor to reduce greenhouse gas emissions and to shift new investment towards low carbon technologies is the tradable allowance system. Experience with this instrument has been mixed, with a crucial design issue being the choice of whether to auction...

We consider a simulation of risk-averse producers when making investment decisions in a competitive energy market, who face uncertainty about future regulation of carbon dioxide emissions. Investments are made under regulatory uncertainty; then the regulatory state is revealed and producers...

Thomas E Borcherding passed away on February 12, 2014, of congestive heart failure. He was 74. He is survived by his wife, Rhoda, and his sons Matthew and Benjamin. He made important, lasting contributions to the discipline of economics, particularly to the fields of public choice and law and...