One of the greatest challenges to integrating renewable energy resources into power operations is the variability in electricity output from these resources. The electricity system works essentially as a supply chain with a nearly zero tolerance for delay and storage resources that remain very...

This paper presents a theoretical analysis of the nature of an optimal emissions tax when firms' emissions are not perfectly observable, specifically in two types of market structure: perfect competition and Cournot competition with and without free market entry. The purpose is to examine how...