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Hong Kong's Business Regulation in Transition
Wu, Changqi - 1997
. In this paper, we review the evolution of business regulation in Hong Kong, analyze the salient features of its scheme of … control regulation and evaluate the impact of transition from regulation to competition. To provide a sharp contrast between … the difficulties of the traditional approach to regulation and the benefits of introducing competition, we focus on the …
Persistent link: https://www.econbiz.de/10012472483
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What Determines Effectiveness of Renewable Energy Standards? General Equilibrium Analytical Model and Empirical Analysis
Fullerton, Don; Ta, Chi L. - National Bureau of Economic Research - 2022
Our new analytical general equilibrium model is used to study effects of tightening state Renewable Portfolio Standards (RPS) on electricity price, CO2 emissions, fossil fuel electricity generation, and two kinds of renewable generation. We show how those outcomes depend on key state...
Persistent link: https://www.econbiz.de/10012938752
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Energy Efficiency Can Deliver for Climate Policy : Evidence from Machine Learning-Based Targeting
Christensen, Peter; Francisco, Paul; Myers, Erica; … - National Bureau of Economic Research - 2022
Building energy efficiency has been a cornerstone of greenhouse gas mitigation strategies for decades. However, impact evaluations have revealed that energy savings typically fall short of engineering model forecasts that currently guide funding decisions. This creates a resource allocation...
Persistent link: https://www.econbiz.de/10013388823
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Energy Hogs and Energy Angels : What Does Residential Electricity Usage Really Tell Us About Profligate Consumption?
Borenstein, Severin - National Bureau of Economic Research - 2024
Since the 1970s, high volumetric (per kilowatt-hour) electricity prices have been justified in many policy discussions as encouraging more efficient use of electricity and placing more of the cost burden on those who are less prudent in their use. The argument has been used in support of...
Persistent link: https://www.econbiz.de/10014468223
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Measuring Welfare in Restructured Electricity Markets
Mansur, Erin T. - 2007
Restructuring electricity markets has enabled wholesalers to exercise market power. Using a common method of measuring competitive behavior in these markets, several studies have found substantial inefficiencies. This method overstates actual welfare loss by ignoring production constraints that...
Persistent link: https://www.econbiz.de/10012465137
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Imperfect Markets versus Imperfect Regulation in U.S. Electricity Generation
Cicala, Steve - 2017
This paper measures changes in electricity generation costs caused by the introduction of market mechanisms to determine output decisions in service areas that were previously using command-and-control-type operations. I use the staggered transition to markets from 1999- 2012 to evaluate the...
Persistent link: https://www.econbiz.de/10012455627
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Energy Transitions in Regulated Markets
Gowrisankaran, Gautam; Langer, Ashley; Reguant, Mar - National Bureau of Economic Research - 2024
electric utilities have retired coal more slowly than others. We build a structural model of rate-of-return regulation during …
Persistent link: https://www.econbiz.de/10014468287
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The Economics of Energy Security
Metcalf, Gilbert E. - 2013
Energy security is the ability of households, businesses, and government to accommodate disruptions in supply in energy markets. This survey considers the economic dimensions of energy security, political and other non-economic security concerns and discusses policy approaches that could enhance...
Persistent link: https://www.econbiz.de/10012458934
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Multi-Product Firms in Electricity Markets : Implications for Climate Policy
Buchsbaum, Jesse F. - 2020
In electricity markets, generators are rewarded both for providing energy and for enabling grid reliability. The two functions are compensated in separate markets: energy markets and ancillary services markets. We provide evidence of changes in the fuel mix in the energy market that is driven by...
Persistent link: https://www.econbiz.de/10012482246
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Natural Gas Prices and Coal Displacement : Evidence from Electricity Markets
Knittel, Christopher R. - 2015
We examine the environmental impact of the post-2005 natural gas glut in the United States due to the shale gas boom. Our focus is on quantifying short-term coal-to-gas switching decisions by different types of electric power plants in response to changes in the relative price of the two fuels....
Persistent link: https://www.econbiz.de/10012457042