We develop a theoretical model of long-run investment decisions on capacity in the context of a liberalized electricity … the level of capacity that maximizes social welfare, and compare it to a decentralized outcome. We show that in the … absence of any regulation, private investment decisions on capacity unambiguously lead to a socially sub-optimal outcome, and …

The 2005 Article IV Consultation for the United Arab Emirates reports that the prices in real estate and stock markets …

policies in Iran have traditionally relied on the abundant availability of energy at a low price to finance the countryâ …€™s economic development. Low domestic energy prices have resulted in excessive use of energy. Iran’s domestic energy use has …

facilitate fuel and electricity subsidy reform, food subsidy reform should be undertaken. …

a model in which facilities can produce output at a privately known cost up to a previously-determined capacity level …. In such a model, the amount of slack in the firm is shown to be pro-cyclical. Indeed, as capacity constraints become … capacity. …

This Selected Issues Paper focuses on economic condition, energy subsidies, and oil prices in Jordan. Energy price … subsidies pose a serious fiscal risk in the present context of increasing and volatile international prices. The macroeconomic …