When faced with making economic trade-offs between lower upfront purchase costs and lower operating costs, many consumers experience "capital bias", a phenomenon that is tantamount to discounting future costs excessively. Consumers may therefore end up with investments that are sub-optimal on a...

British Columbia's carbon tax was introduced in 2008 and reached its current level of $30 per tonne of carbon dioxide in 2012. Per-capita gasoline demand in B.C. Has decreased by about 15% between 2007 and 2014. Is this decline attributable to BC's carbon tax and other fuel taxes? This paper...

Electoral systems struggle to combine proportionality (fair representation) and direct accountability (local representation). This paper introduces an electoral system that combines proportional representation (PR) with optimal assignment of constituencies (OAC). Once shares of seats for...

What happens to the merit order of electricity markets when all electricity is supplied by intermittent renewable energy sources coupled with large-scale electricity storage? With near-zero marginal cost of production, will there still be a role for an energy-only electricity market? We answer...

As electricity generation from intermittent energy sources (wind, solar, tides) is gaining momentum, it becomes increasingly important to price these electricity sources efficiently. Conventional flat feed-in-tariffs ignore the heterogeneity of these sources. Taking into account the degree of...