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Intermittency or Uncertainty? Impacts of Renewable Energy in Electricity Markets

Weber, Paige; Woerman, Matt - 2022

Renewable energy resources possess unique characteristics—intermittency and uncertainty— that pose challenges to electricity grid operations. We study these characteristics and find that uncertainty, represented by wind forecast error, has larger grid impacts than intermittency, or hourly...

Persistent link: https://www.econbiz.de/10013427688

Does a renewable fuel standard for biofuels reduce climate costs?

Greaker, Mads; Hoel, Michael; Rosendahl, Knut Einar - 2012

Recent contributions have questioned whether biofuels policies actually lead to emissions reductions, and thus lower climate costs. In this paper we make two contributions to the literature. First, we study the market effects of a renewable fuel standard. Opposed to most previous studies we...

Persistent link: https://www.econbiz.de/10010291541

Induced Innovation, Inventors, and the Energy Transition

Dugoua, Eugenie; Gerarden, Todd D. - 2023

We study how individual inventors respond to incentives to work on "clean" electricity technologies. Using natural gas price variation, we estimate output and entry elasticities of inventors and measure the medium-term impacts of a price increase mirroring the social cost of carbon. We find that...

Persistent link: https://www.econbiz.de/10014469741

Is There an Energy Efficiency Gap in China? Evidence from an Information Experiment

Beattie, Graham; Ding, Iza; La Nauze, Andrea - 2021

We provide evidence of an energy efficiency gap in China. Using an incentivized field experiment, we document that providing information to consumers on the energy costs of lightbulbs significantly affects their willingness to pay for energy efficient bulbs. Unlike previous literature, we do not...

Persistent link: https://www.econbiz.de/10013312632

Equilibrium trade in automobile markets

Gillingham, Kenneth; Iskhakov, Fedor; Munk-Nielsen, Anders - 2019

We introduce a computationally tractable dynamic equilibrium model of the automobile market where new and used cars of multiple types (e.g. makes/models) are traded by heterogeneous consumers. Prices and quantities are determined endogenously to equate supply and demand for all car types and...

Persistent link: https://www.econbiz.de/10012052756

Efficiency and Environmental Impacts of Electricity Restructuring on Coal-Fired Power Plants

Chan, H. Ron; Fell, Harrison; Lange, Ian A.; Li, Shanjun - 2013

We investigate the impacts of electricity market restructuring on fuel efficiency, utilization and, new to this area, cost of coal purchases among coal-fired power plants using a panel data set from 1991 to 2005. Our study focuses exclusively on coal-fired power plants and uses panel data...

Persistent link: https://www.econbiz.de/10010292700

Understanding Rig Rates

Osmundsen, Petter; Rosendahl, Knut Einar; Skjerpen, Terje - 2013

We examine the largest cost component in offshore development projects, drilling rates, which have been high in recent years. To our knowledge, rig rates have not been analysed empirically before in the economic literature. Using econometric analysis, we examine the effects of gas and oil...

Persistent link: https://www.econbiz.de/10010328731

Economy Wide Impact of the Trade Integration between Japan and India: A Computable General Equilibrium Analysis

Bhattacharyay, Biswa Nath; Mukhopadhyay, Kakali - 2013

CEPA will eliminate tariff on goods that account for 94% of their two way trade over ten years and will boost bilateral … trade and investment. Indian exports which were subject to rigid standards will find it easier to enter Japanese markets. On … expected for both the countries compared to BAU 2020. A fair amount of trade creation within these two countries is expected to …

Persistent link: https://www.econbiz.de/10010328788

The Impact of Uncertainty on the European Energy Market: A Scenario Aggregation Approach

Brekke, Kjell Arne; Golombek, Rolf; Kaut, Michal; … - 2013

We present a simple approach to transform a deterministic numerical model, where several agents simultaneously make decisions, into a stochastic model. This approach, which builds on scenario aggregation, a numerical method developed to solve decision problems under uncertainty, is used to build...

Persistent link: https://www.econbiz.de/10010328792

Economic Challenges in the Anthropocene

Musu, Ignazio - 2013

The evolution during the Anthropocene is analyzed through the interaction between economic and technological development, characterized by the role of fossil fuels and by the progressive dominance of those with a higher energy and density power. The challenge is how to make the rising demand for...

Persistent link: https://www.econbiz.de/10010328858

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