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Bagwell, Kyle - 2015

The WTO has delivered policy outcomes that are very different from those likely to emerge out of the recent wave of preferential trade agreements (PTAs). Should economists see this as an efficient institutional hand-off, where the WTO has carried trade liberalization as far as it can manage, and...

Persistent link: https://www.econbiz.de/10013020207

Did the Renewable Fuel Standard Shift Market Expectations of the Price of Ethanol?

Baumeister, Christiane - 2017

It is commonly believed that the response of the price of corn ethanol (and hence of the price of corn) to shifts in biofuel policies operates in part through market expectations and shifts in storage demand, yet to date it has proved difficult to measure these expectations and to empirically...

Persistent link: https://www.econbiz.de/10012948440

Climate Policy and Voluntary Initiatives : An Evaluation of the Connecticut Clean Energy Communities Program

Kotchen, Matthew J. - 2015

Can simple government programs effectively promote voluntary initiatives to reduce greenhouse-gas emissions? This paper provides an evaluation of how the Connecticut Clean Energy Communities program affects household decisions to voluntarily purchase "green" electricity, which is electricity...

Persistent link: https://www.econbiz.de/10013038757

Setting with the Sun : The Impacts of Renewable Energy on Wholesale Power Markets

Bushnell, James B. - 2018

Policies supporting investment in renewable electricity have been a cornerstone of climate policy in many parts of the world. While previous empirical work explores the economic and environmental impacts of renewable production, the focus has exclusively been on the short-run impacts of...

Persistent link: https://www.econbiz.de/10012911703

The Private and Public Economics of Renewable Electricity Generation

Borenstein, Severin - 2011

Generating electricity from renewable sources is more expensive than conventional approaches, but reduces pollution externalities. Analyzing the tradeoff is much more challenging than often presumed, because the value of electricity is extremely dependent on the time and location at which it is...

Persistent link: https://www.econbiz.de/10013117204

The Economics of Renewable Energy

Heal, Geoffrey - 2010

Greater use of renewable energy is seen as a key component of any move to combat climate change, and is being aggressively promoted as such by the new U.S. administration and by other governments. Yet there is little economic analysis of renewable energy. This paper surveys what is written and...

Persistent link: https://www.econbiz.de/10013152494

Bridging the Gap : Do Fast Reacting Fossil Technologies Facilitate Renewable Energy Diffusion?

Verdolini, Elena - 2016

The diffusion of renewable energy in the power system implies high supply variability. Lacking economically viable storage options, renewable energy integration has so far been possible thanks to the presence of fast-reacting mid-merit fossil-based technologies, which act as back-up capacity....

Persistent link: https://www.econbiz.de/10012986282

Renewable Energy Policies and Technological Innovation : Evidence Based on Patent Counts

Johnstone, Nick - 2013

This paper examines the effect of environmental policies on technological innovation in the specific case of renewable energy. The analysis is conducted using patent data on a panel of 25 countries over the period 1978-2003. It is found that public policy plays a significant role in determining...

Persistent link: https://www.econbiz.de/10012753707

Investment Versus Output Subsidies : Implications of Alternative Incentives for Wind Energy

Aldy, Joseph E. - 2019

exploit a natural experiment in which wind farm developers could choose an investment or an output subsidy to estimate the … farms claiming the investment subsidy produced 10 to 12 percent less power than wind farms claiming the output subsidy, and … that this effect reflects subsidy incentives rather than selection. Introducing investment subsidies caused the Federal …

Persistent link: https://www.econbiz.de/10012889173

Subsidy Agreements

Bagwell, Kyle; Staiger, Robert W. - 2021

rules with the creation of the WTO. Our results suggest that, although GATT subsidy rules were typically viewed as weak and … inadequate while the WTO subsidy rules are seen as representing a significant strengthening of multilateral disciplines on … subsidies, the key changes introduced by the WTO subsidy rules may ultimately do more harm than good to the multilateral trading …

Persistent link: https://www.econbiz.de/10013216133