Showing 1 - 7 of 7
, electricity and a composite good, "other fuels". This composite good is subject to such large measurement errors in the data set … and electricity consumption and it is shown how the model's structural parameters, i.e. those of household preferences … presented and the diversity of implied price and income elasticities is emphasized. Both gas and electricity are found to be …
Persistent link: https://www.econbiz.de/10005497752
electricity program allowing us to compute a levelized cost. We identify a modest escalation of capital cost and a larger than … 2010 prices) while in the worst case it is 83 d/MWh. On the basis of these findings, we estimate the future cost of nuclear … electricity nevertheless remains cheaper. Comparisons with coal, natural gas and wind power are carried out to the advantage of …
Persistent link: https://www.econbiz.de/10011079144
discuss radiospectrum and football TV-rights auctions, electricity markets, and takeover battles), and the Anglo-Dutch auction …
Persistent link: https://www.econbiz.de/10005114514
This paper contrasts direct election with political appointment of regulators. When regulators are appointed, regulatory policy becomes bundled with other policy issues for which the appointing politicians are responsible. Since regulatory issues are not salient for most voters, regulatory...
Persistent link: https://www.econbiz.de/10005662098
will be allowed to choose their electricity supplier. This promises to result in lower prices, but there will be additional …Starting in 1998, the electricity market in England and Wales will be opened up to full competition, and all consumers … are likely to be large transfers from electricity companies (and the coal industry) to consumers, but the companies lose …
Persistent link: https://www.econbiz.de/10005662134
The purpose of this paper is to investigate how energy policy should respond to the changes in the organisation of energy sector associated with privatisation. The paper begins with a brief review of how energy policy was perceived before the 1973 oil shock, and the lessons learned from...
Persistent link: https://www.econbiz.de/10005666940
This is a preliminary draft of an Invited Symposium paper for the World Congress of the Econometric Society to be held in Seattle in August 2000. We discuss the strong connections between auction theory and 'standard' economic theory, and argue that auction-theoretic tools and intuitions can...
Persistent link: https://www.econbiz.de/10005792157