Showing 1 - 10 of 1,904
Proponents of Bitcoin argue that demand for electricity from Bitcoin miners can lead to an increase in renewable … electricity capacity. We rigorously evaluate this claim by estimating a Bitcoin electricity demand curve and include this demand … curve in a long-run model of the Texas electricity market. We find that while Bitcoin mining can indeed increase renewable …
Persistent link: https://www.econbiz.de/10014239209
We study an infinitely repeated oligopoly game in which firms compete on quantity and one of them is capacity constrained. We show that collusion sustainability is non-monotonic in the size of the capacity constrained firm, which has little incentive to deviate from a cartel. We also present...
Persistent link: https://www.econbiz.de/10014264158
are on electricity-included property lease contracts causing them to face a marginal electricity price of zero. We use … electricity in response to summer temperature fluctuations. The result is retrieved under weaker identifying assumptions than … previous split incentives papers, and is robust when exposed to several opportunities to fail. The electricity reduction in …
Persistent link: https://www.econbiz.de/10012866313
We analyse the drivers of European Power Exchange (EPEX) wholesale electricity prices between 2012 and early 2022 using … effects are key in wholesale electricity markets. Out-of- sample prediction errors using machine learning are (slightly) lower … green the energy matrix on wholesale electricity prices are first order. CO2 permit prices strongly impact electricity …
Persistent link: https://www.econbiz.de/10014081588
We propose one of the first dynamic models of the optimal transition from fossil fuels to renewables in electricity …
Persistent link: https://www.econbiz.de/10012892147
Electricity transmission redistributes environmental impacts across space. We exploit episodes of high electricity …. Reducing electricity system congestion decreases ozone and PM2.5 concentrations in New England and New York and increases them … in the western portions of the Pennsylvania-New Jersey-Maryland electricity market and much of the Midwestern states. We …
Persistent link: https://www.econbiz.de/10012825399
state-level subsidies paid to emission-free electricity generation. We first derive an analytical model of energy …
Persistent link: https://www.econbiz.de/10013234520
Many policymakers view power outages as a major constraint on firm productivity in developing countries. Yet empirical studies find modest short-run effects of outages on firm performance. This paper builds a dynamic macroeconomic model to study the long-run general-equilibrium effects of power...
Persistent link: https://www.econbiz.de/10013309487
Power market integration is analyzed in a two countries model with nationally regulated firms and costly public funds. If generation costs between the two countries are too similar negative business-stealing outweighs efficiency gains so that following integration welfare decreases in both...
Persistent link: https://www.econbiz.de/10010283608
This paper examines the effect of financialisation of futures markets has on the relationship between crude oil futures and equities by using the VAR-DCC-GARCH model. Specifically, by accounting for the systematic patterns of commodity price volatility, namely, seasonality and maturity effects...
Persistent link: https://www.econbiz.de/10013218287