This meeting, the Seventh International Conference of the International Association of Energy Economists (IAEE), finds us again in the midst of transitions in energy markets. Continued adjustments in oil demand, natural gas bubbles in Europe and North America, closures of refineries, and...

And all the peoples came to Egypt to buy grain from Joseph, for the famine was grievous, everywhere.-Genesis 41:57 Saudi benevolence apart, a large inventory of oil is the most effective emergency tool that oil-importing nations could fashion. Long ago, Joseph advised the Pharaoh to prepare for...

This paper evaluates the Global 2100 model application on global warming by A. S. Manne and R G. Richels, which is presented in this edition of The Energy Journal The paper discusses Manne and Richels's general analytical framework, the Global 2100 model; and Manne and Richels's exploration of...

Differences in locational spot prices in an electric network provide the natural measure of the price for transmission. The ubiquitous problem of loop flow requires different economic intuition for interpreting the implications of spot pricing. The DC-Load model is the usual approximation for...

Adequate control of CO2 emissions may require a significant increase in energy price, which in turn wilt create long-term economic costs. This paper explores the effects of long-term productivity trends in the U.S. economy and relates them to the cost of reducing CO2 emissions. Technology change...

Many oil industry spokesmen who pleaded for a free market in the era of regulation are now urging the opposite: federal protection from low-cost imported oil. It is ironic that some economists should find merit in these arguments, particularly now that the very idea of free trade is facing the...

Oil market data of the 1980s reject a simple, symmetric reduced-form model of dynamic oil demand in the OECD countries. Tests of price asymmetric long-run demand models produce ambiguous results. The pooled time series estimations find near unitary output elasticities, and reject linear demand...

When transmission constraints limit the flow of power in an electric network, there are likely to be strong interaction effects across different parts of the system. A model of imperfect competition with strategic interactions in an electricity transmission network illustrates a possible...

Using CPI micro data for 11 euro area countries covering about 60% of the euro area consumption basket over the period 2010-2019, we document new findings on consumer price rigidity in the euro area: (i) each month on average 12.3% of prices change, which compares with 19.3% in the United...

It has been widely documented that households experience different inflation rates which are generally concealed in aggregate price indices. Using scanner data from a large household panel for Austria, we analyse price dynamics faced by individual households and try to explain the causes for the...