Economic rent is defined as the portion of revenue earned by a factor of production in excess of its opportunity cost. In the nature of a surplus, the economic rent of natural resources presents interesting characteristics with respect to taxation. However, taxation mechanisms applied to...

Few studies are concerned with the energy demand of the canadian commercial sector. The modeling works in this area at EMR, Canada and at NEB rely on the two-levels approach. At the first level, the energy demand is expressed as function of energy relative price, commercial sector output, and...

In 1986, the government of the province of Québec introduced a new method to evaluate stumpage fees for public forests. It is called the comparable method and it ties the value of timber on public lands to its value on private lots which are mostly located in the southern part of province....

The authors test the statistical significance of Pindyck’s (1999) suggested class of econometric equations that model the behaviour of long-run real energy prices. The models postulate meanreverting prices with continuous and random changes in their level and trend, and are estimated using...

No abstract available for this item.

We consider an empirical estimation of the Environmental Kuznets Curve (EKC) for carbon dioxide and sulphur, with a focus on confidence set estimation of the tipping point. Various econometric – parametric and nonparametric – methods are considered, reflecting the implications of...

Après les débats enflammés des années trente, la tarification de l’électricité a occupé peu de place dans ceux portant sur la nationalisation de l’électricité en 1962. La raison principale de cette absence est que le cadre réglementaire élaboré lors de la création de la...

We consider a firm that must undergo a costly and time-consuming regulatory process before making an irreversible, lagged investment whose value varies randomly. We analyze two cases: regulatory approval is valid forever or it expires after some time. We apply our model to Hydro-Québec's...

L'industrie de l'électricité subit une restructuration à l'échelle mondiale. La concurrence est introduite au niveau de la production alors que le transport et la distribution demeurent des monopoles réglementés par les gouvernements. Aux États-Unis, il y a déjà ouverture du marché de...

We develop a model in which two firms from different countries compete on each other domestic market. Each firm is jointly owned by the residents and the government of its country. The extent of the government's stake in the public enterprise is endogenous and it determines the weight given to...