I consider an economy with fossil fuel and renewable energy and energy storage, and search for the conditions that lead to welfare improvements when energy is stored. I then solve for the optimal decision rule and analyze the long-run tendencies of the economy-energy variables. The findings are...

The transportation sector’s carbon footprint and dependence on oil are of deep concern to policy makers in many countries. Use of all-electric drive-trains is arguably the most realistic medium-term solution to address these concerns. However, motorist anxiety induced by an electric...

Energy security is of increasing importance in today's world, yet little research has been carried out on the costs or benefits of energy security policies. This paper looks at the period after the 1970s to estimate the cost premium of electricity generation due to energy security policies. The...

Recommended readings (Machine generated): 1. Robert M. Solow (1974), 'The Economics of Resources or the Resources of Economics', American Economic Review: Papers and Proceedings, 64(2), May,1-14 2. Partha Dasgupta and Geoffrey Heal (1974), 'The Optimal Depletion of Exhaustible Resources', Review...