Many developing countries around the world apply progressive water tariffs, often structured in the form of discretely … increasing block tariffs (IBTs). These tariffs have been criticized in the welfare economic literature due to their perceived … inefficiency: many of the prices charged under IBTs do not correspond to marginal costs and thus violate the principle of …

In current power markets, the bulk of electricity is sold wholesale and transported to consumers via long … compete. Collectively, our results present a set of positive efficiency results for peer-to-peer electricity markets. …