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Hong Kong'S Business Regulation in Transition

Wu, Changqi; Cheng, Leonard K.H - 2021

. In this paper, we review the evolution of business regulation in Hong Kong, analyze the salient features of its scheme of … control regulation and evaluate the impact of transition from regulation to competition. To provide a sharp contrast between … the difficulties of the traditional approach to regulation and the benefits of introducing competition, we focus on the …

Persistent link: https://www.econbiz.de/10013232151

Measuring Welfare in Restructured Electricity Markets

Mansur, Erin T. - 2007

Restructuring electricity markets has enabled wholesalers to exercise market power. Using a common method of measuring competitive behavior in these markets, several studies have found substantial inefficiencies. This method overstates actual welfare loss by ignoring production constraints that...

Persistent link: https://www.econbiz.de/10012775796

Spillovers from Ancillary Services to Wholesale Energy Markets

Buchsbaum, Jesse; Hausman, Catherine; Mathieu, Johanna; … - 2022

In electricity markets, generators are rewarded both for providing energy and for enabling grid reliability. The two functions are compensated with two separate payments: energy market payments and ancillary services market payments. We provide evidence of changes in the generation mix in the...

Persistent link: https://www.econbiz.de/10014091103

Imperfect Markets Versus Imperfect Regulation in U.S. Electricity Generation

Cicala, Steve - 2017

This paper measures changes in electricity generation costs caused by the introduction of market mechanisms to determine output decisions in service areas that were previously using command-and-control-type operations. I use the staggered transition to markets from 1999- 2012 to evaluate the...

Persistent link: https://www.econbiz.de/10012965429

The Economics of Energy Security

Metcalf, Gilbert E. - 2013

Energy security is the ability of households, businesses, and government to accommodate disruptions in supply in energy markets. This survey considers the economic dimensions of energy security, political and other non-economic security concerns and discusses policy approaches that could enhance...

Persistent link: https://www.econbiz.de/10013071794

The Smart Grid, Entry, and Imperfect Competition in Electricity Markets

Allcott, Hunt - 2014

Most US consumers are charged a near-constant retail price for electricity, despite substantial hourly variation in the wholesale market price. The Smart Grid is a set of emerging technologies that, among other effects, will facilitate "real-time pricing" for electricity and increase price...

Persistent link: https://www.econbiz.de/10013066116

Natural Gas Prices and Coal Displacement : Evidence from Electricity Markets

Knittel, Christopher R. - 2015

We examine the environmental impact of the post-2005 natural gas glut in the United States due to the shale gas boom. Our focus is on quantifying short-term coal-to-gas switching decisions by different types of electric power plants in response to changes in the relative price of the two fuels....

Persistent link: https://www.econbiz.de/10013013922

Implications for Energy Innovation from the Chemical Industry

Arora, Ashish - 2014

The history of innovation in the chemical industry offers many insights for accelerating energy innovation. In this chapter, we begin by laying out the early history of the chemical industry for an overview of the role innovation has played in its development. We then explore three noteworthy...

Persistent link: https://www.econbiz.de/10013070355

Energy Efficiency Economics and Policy

Gillingham, Kenneth - 2014

Energy efficiency and conservation are considered key means for reducing greenhouse gas emissions and achieving other energy policy goals, but associated market behavior and policy responses have engendered debates in the economic literature. We review economic concepts underlying consumer...

Persistent link: https://www.econbiz.de/10013071110

The Distributional Effects of Building Energy Codes

Bruegge, Chris - 2018

State-level building energy codes have been around for over 40 years, but recent empirical research has cast doubt on their effectiveness. A potential virtue of standards-based policies is that they may be less regressive than explicit taxes on energy consumption. However, this conjecture has...

Persistent link: https://www.econbiz.de/10012929585

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