This paper taps into the use of energy sector based portfolios, as opposed to the traditional equity based portfolios. Key contributions are in terms of assessing (i) which U.S. sectors are best to combine with the energy sector, (ii) how a sector based portfolio's risk and return differ from an...

The purpose of this paper is to formulate and study a game where there is a player who is involved for a long time interval and several small players who stay in the game for short time intervals. Examples of such games abound in practice. For example a Bank is a long-term player who stays in...

Access to reliable and sustainable electricity is still precluded for a large share of global population living in rural areas of developing countries, especially in sub-Saharan Africa. Hybrid microgrids are considered a suitable solution for providing affordable and reliable access to...

This chapter addresses the interaction between public choice and legal issues in the energy industry. The extent to which the interaction between private stake holders and governmental actors in the energy industry reflects self-interest rather than sound economic policy was studied by public...

To decarbonize the power sector policy-makers need to commit to long-term credible rules for climate and energy policy. Otherwise, time-inconsistent policy-making will impair investments into low-carbon technologies. However, the future benefits and costs of decarbonization are subject to...

We analyze optimal policy when consumers of energy-using durables undervalue energy costs relative to their private optima. First, there is an Internality Dividend from Externality Taxes: aside from reducing externalities, they also offset distortions from underinvestment in energy efficiency....

With the depletion of the conventional energy sources, measures are being taken to create an alternate energy sources for the future. Energy harvesting from different sources are one of the better steps taken in this direction. Mechanical energy harvesting from the waste mechanical source is...

This paper develops the first urban simulation model with endogenous population, housing supply and demand, and highway use and congestion. These features allow the model to simulate cities of different sizes with a single parameterization and hence to study the partial effect of city size...