The practice of utility demand side conservation programs, one of the most topical issues of utility management, provokes strategic reactions of consumers. As a solution of this moral hazard, optimal conservation programs are characterized when the consumers differ either with respect to their...

This paper investigates how the choices of the instruments affect the interactions in a stock externality game (global warming) between cartelized fossil fuel suppliers and consumers. More precisely, the paper studies the equilibria in Markov strategies in a dynamic game with each player...

This paper focuses on the interdependencies between technical efficiencies and energy demand which are often either treated in isolation or do not get the sufficient attention in the literature. More precisely, this paper uses technical efficiencies as one crucial determinant of energy demand in...