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The Chinese leadership in November 2013 determined to embark upon a new wave of comprehensive reforms in China. This is … clearly reflected by the key decision of the Third Plenum of the 18th Central Committee of Communist Party of China to assign … is crucial because it sends clear signals to both producers and consumers of energy. While the overall trend of China …
Persistent link: https://www.econbiz.de/10010403532
both producers and consumers of energy. While the overall trend of China's energy pricing reform since 1984 has been moving … reforms for coal, petroleum products, natural gas, electricity and renewable power in China, and provides some analysis of … these energy price reforms, in order to have the market to play a decisive role in allocating resources and help China …
Persistent link: https://www.econbiz.de/10011850316
This paper studies regulatory policy interventions aimed at protecting sticky consumers who are exposed to exploitation. We model heterogeneous consumer switching costs alongside asymmetric market shares. This setting encompasses many markets in which established firms are challenged by new...
Persistent link: https://www.econbiz.de/10012583369
"In this paper, we examine the areas of indeterminacy in a flexible price RBC model with shopping time role for money and a central bank that uses an interest rate rule to target inflation and/or the price level. We present analytical results showing that, although inflation targeting often...
Persistent link: https://www.econbiz.de/10002048959
tested for seven different regions (China, the United States, Europe, India, Russia, Brazil and Japan). We find that tax is …
Persistent link: https://www.econbiz.de/10010419904
This paper aims at characterizing the conditions of wind power deployment in order to infer a carbon price level that would provide wind power with comparable advantage over fossil fuel technologies as effective wind support policies. The analysis is conducted on Danish data from 2000 to 2010,...
Persistent link: https://www.econbiz.de/10010476202
We study the performance under uncertainty of three renewable energy policy instruments: Tradable Renewable Quota (TRQ), Feed-In-Tariff (FIT), and Feed-In-Premium (FIP). We develop a stylized model of the electricity market, where renewables are characterized by a positive learning externality,...
Persistent link: https://www.econbiz.de/10010436632
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