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Electric and natural gas are the two major sources of energy for residents of Washington State. Several states have adopted a policy whereby utility companies decide on the choice of mixes of resources by incorporating cost effectiveness, conservation and externalities. Externalities could...
Persistent link: https://www.econbiz.de/10015233669
In this article we analyze the remuneration mechanism for the reduction of energy losses, through a dynamic principal-agent model in continuous time. The agent represents the power distribution company, which makes investments, or in other words, makes an effort to reduce energy losses. The...
Persistent link: https://www.econbiz.de/10015256866
In this article we analyze the remuneration mechanism for the reduction of energy losses, through a dynamic principal-agent model in continuous time. The agent represents the power distribution company, which makes investments, or in other words, makes an effort to reduce energy losses. The...
Persistent link: https://www.econbiz.de/10015259034
Electricity prices have seen a consistent upward trend since the implementation of Mexico's electricity market reform (RME). This has been interpreted by some as a failure of the RME. In this paper we study the determinants of such price increases. We calculate the generation cost curve of the...
Persistent link: https://www.econbiz.de/10015266232
Non-monetary incentives are increasingly being studied in encouraging energy conservation. In light of this, we conducted a natural field experiment in student dormitories to assess the effect of honor-based incentives and goal setting on electricity saving and the intrinsic motivation to save...
Persistent link: https://www.econbiz.de/10015213428
This study measures the response of gasoline consumption to improved vehicle fuel efficiency (miles per gallon). Although an inverse relationship exists, the percentage decline is always less than the percentage efficiency improvement. As usually measured by past researchers, the long-run...
Persistent link: https://www.econbiz.de/10015213533
The economic cost of carbon pricing depends on the ability and incentives of firms to switch towards cleaner fuels. Yet, many fundamental economic forces that drive firms' decisions to use different fuels are unobserved, causing significant uncertainty over the effectiveness of carbon policies....
Persistent link: https://www.econbiz.de/10015213558
We follow a non-linear dynamic correlation approach using a combination of a DCC-GARCH model and a copula model to capture the dependence between oil price changes and inflation in Tunisia. The case of Tunisia is particularly instructive since, after having been an exporter and a major producer,...
Persistent link: https://www.econbiz.de/10015213824
We follow a non-linear dynamic correlation approach using a combination of a DCC-GARCH model and a copula model to capture the dependence between oil price changes and inflation in Tunisia. The case of Tunisia is particularly instructive since, after having been an exporter and a major producer,...
Persistent link: https://www.econbiz.de/10015214489
This study explores the integration of Variational Autoencoders (VAEs) and Genetic Programming (GP) to address key challenges in the development of smart cities as cyber-physical systems (CPS). The primary objective is to enhance decision-making processes, optimize resource allocation, and...
Persistent link: https://www.econbiz.de/10015214772