to the elimination of tariffs and cuts in non-tariff measures by 25%, is in the range of 1% to 4% of initial consumption …, depending on the parameterization. The welfare gain increases in the elasticity of substitution between domestic and foreign …

negative direct effect of US tariffs on US imports from China, but (2) do not find evidence for significant short-run trade …

lower electricity prices Even with multiple market failures, emissions pricing remains the single most cost-effective option …Myriad policy measures aim to reduce greenhouse gas emissions from the electricity sector, promote generation from …

the market a decisive role in allocating resources. To have the market to play that role, getting the energy prices right … energy types. This paper discusses the evolution of price reforms for coal, petroleum products, natural gas and electricity …

The economics of electricity is shaped by its physics. A well know example is the non-storability of electricity that … causes its price to fluctuate widely. More generally, physical constraints cause electricity to be a heterogeneous good along … commonly used cost indicators such as "levelized electricity costs" and "grid parity". Heterogeneity is relevant for all …