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Simplified Electricity Market Models with Significant Intermittent Renewable Capacity : Evidence from Italy

Graf, Christoph - 2020

Using hourly offer curves from the Italian day-ahead market and the real-time re-dispatch market for the period January 1, 2017 to December 31, 2018, we show how thermal generation unit owners are able to profit from differences between a simplified day-ahead market design that ignores system...

Persistent link: https://www.econbiz.de/10012481844

Reliability Options in Renewables-Dominated Electricity Markets

McRae, Shaun D.; Wolak, Frank A. - National Bureau of Economic Research - 2024

Recent energy shortfalls in renewables-dominated electricity markets call for a mechanism to ensure demand is met under all system conditions. We demonstrate severe shortcomings of an increasingly popular mechanism--reliability options--caused by its interaction with fixed-price forward...

Persistent link: https://www.econbiz.de/10014576645

Electricity Retail Rate Design in a Decarbonized Economy : An Analysis of Time-Of-Use and Critical Peak Pricing

Schittekatte, Tim; Mallapragada, Dharik; Joskow, Paul L.; … - National Bureau of Economic Research - 2022

Currently, most U.S. electricity consumers pay a constant price per kWh consumed that accounts for most of their bill. Ongoing developments in the power system increase efficiency gains that can be made from exposing consumers to widely varying wholesale spot prices. Pure spot pricing is not...

Persistent link: https://www.econbiz.de/10013435122

When Cryptomining Comes to Town : High Electricity-use Spillovers to the Local Economy

Benetton, Matteo; Compiani, Giovanni; Morse, Adair - National Bureau of Economic Research - 2023

Cryptomining, the clearing of cryptocurrency transactions, uses large quantities of electricity. We document that cryptominers' use of local electricity implies higher electricity prices for existing small businesses and households. Studying the electricity market in Upstate NY and using the...

Persistent link: https://www.econbiz.de/10014322700

Energy Transitions in Regulated Markets

Gowrisankaran, Gautam; Langer, Ashley; Reguant, Mar - National Bureau of Economic Research - 2024

Natural gas has replaced coal as the dominant fuel for U.S. electricity generation. However, U.S. states that regulate electric utilities have retired coal more slowly than others. We build a structural model of rate-of-return regulation during an energy transition where utilities face tradeoffs...

Persistent link: https://www.econbiz.de/10014468287

Issues in the Coordination of Monetary and Fiscal Policy

Blinder, Alan S. - 1982

This paper examines issues in the current debate over coordination between fiscal and monetary policies. Section I1 … uses the traditional targets-instruments approach to assess the potential gains from greater coordination. Since greater … coordination is often equated with looser money and tighter fiscal policy, two econometric models of the economy are used to …

Persistent link: https://www.econbiz.de/10012478123

Coordination, Switching Costs and the Division of Labor in General Medicine : An Economic Explanation for the Emergence of Hospitalists in the United States

Meltzer, David O. - 2010

General medical care in the United States has historically been provided by physicians who care for their patients in both ambulatory and hospital settings. Care is now increasingly divided between physicians specializing in hospital care (hospitalists) and ambulatory-based care primary care...

Persistent link: https://www.econbiz.de/10012462612

Earnings Inequality and Coordination Costs : Evidence From U.S. Law Firms

Garicano, Luis - 2009

coordination costs fell during this period. We then propose a "hierarchical production function" in which output is the product of … coordination costs fell broadly and steadily during this period, so that hiring one's first associate leveraged a partner's skill …

Persistent link: https://www.econbiz.de/10012463906

Stabilizing Expectations under Monetary and Fiscal Policy Coordination

Eusepi, Stefano - 2008

need for policy coordination: the specific choice of monetary policy limits the set of fiscal policies consistent with …

Persistent link: https://www.econbiz.de/10012464256

Time Zones as Cues for Coordination : Latitude, Longitude, and Letterman

Hamermesh, Daniel S. - 2006

expect more coordination outside of their local areas are more responsive to the effects of time zones …

Persistent link: https://www.econbiz.de/10012466315