Electricity generation from renewable energy sources is growing rapidly. This has resulted in lower wholesale electricity prices, but has also reduced the use of conventional generation technologies, such as coal and gas, because renewable energy generally has lower running costs. Declining...

In this paper, we examine the use of carbon pricing and an output-based subsidy in a market with imperfect competition. We consider a carbon pricing policy in Alberta's electricity market as a case study. This policy consists of two phases. In the first phase, the carbon price is doubled with...

How the examples from the liberalization of the UK rail markets and the case law from the ECJ can benefit us to tackle possible inefficiencies, vertical and horizontal restraints, barriers to access and cross-subsidies by States in the implementation of the Railway Packages of the EC, from the...

We examine the impact of electricity sector restructuring on the operating efficiency of coal-fired power plants in India. Between 1995 and 2009, 85 percent of coal-based generation capacity owned by state governments was unbundled from vertically integrated State Electricity Boards into state...

The rise in electronic communications and the recent liberalization of the postal market in the European Union have put national postal-service providers in Central and Eastern Europe (CEE) under pressure to restructure and optimize their operations. The paper employs non-parametric methods to...

The U.S. banking sector has grown substantially since the 1970s and has become more skill-intensive over time. This paper exploits variation in banking deregulation across U.S. states between 1997 and 2008 to test whether the banking sector absorbs talent at the expense of the real sectors in...

Banking reforms--that reduced interest rates--boosted college enrollment rates among able students from middle class families. We define "able" students as those with learning aptitude scores in the top two-thirds of the U.S. population. We define "middle class" as families in which both parents...