Showing 1 - 10 of 862
Restructuring electricity markets has enabled wholesalers to exercise market power. Using a common method of measuring competitive behavior in these markets, several studies have found substantial inefficiencies. This method overstates actual welfare loss by ignoring production constraints that...
Persistent link: https://www.econbiz.de/10012465137
Electric vehicles offer the promise of reduced environmental externalities relative to their gasoline counterparts. We combine a theoretical discrete-choice model of new vehicle purchases, an econometric analysis of the marginal emissions from electricity, and the AP2 air pollution model to...
Persistent link: https://www.econbiz.de/10012457376
Rather than allowing water prices to reflect scarcity rents during periods of drought-induced excess demand, policy makers have mandated command-and-control approaches, like the curtailment of certain uses, primarily outdoor watering. Using unique panel data on residential end-uses of water, we...
Persistent link: https://www.econbiz.de/10012465133
Persistent link: https://www.econbiz.de/10003567823
Persistent link: https://www.econbiz.de/10003570988
Persistent link: https://www.econbiz.de/10003699474
Rather than allowing water prices to reflect scarcity rents during periods of drought-induced excess demand, policy makers have mandated command-and-control approaches, like the curtailment of certain uses, primarily outdoor watering. Using unique panel data on residential end-uses of water, we...
Persistent link: https://www.econbiz.de/10013225037
This paper estimates a multinomial discrete-continuous fuel choice model of both households and firms in order to determine the sensitivity of national energy demand to climate change. We find that consumers switch from natural gas, oil, and other fuels to electricity as climate warms and that...
Persistent link: https://www.econbiz.de/10014027879
In an oligopoly market subject to environmental regulation through tradable pollution permits, polluters' output decisions affect the price of polluting. With a pollution tax, this feedback effect is absent. In a permit regime, I show that the feedback effect increases strategic firms'...
Persistent link: https://www.econbiz.de/10014028844
Persistent link: https://www.econbiz.de/10009554641