It is well recognized by economists that long-term contracting under an array of price and non-price provisions may be … uncertainty. We identify the 'initial price' as the outcome of the bargaining aver a fixed payment for pipeline to producer, and … describe "price-escalator provisions" as a means of making the contract responsive at the margin to changes in the valuation of …

subsequent reinstatement, of the 5% gasoline sales tax in Illinois and Indiana following a temporary price spike in the spring of …

. This paper provides a framework to uncover consumers' perceived price of nonlinear price schedules. I exploit price … respond to average price rather than marginal or expected marginal price. This sub-optimizing behavior makes nonlinear pricing …

consumption of goods and services that generate a negative externality. Second, individuals may choose to pay a price premium for … restraint and a voluntary price premium that mirrors the symmetry between environmental policies based on either quantities … introduction of a price-premium, green-electricity program. We find evidence of voluntary restraint and its relation to a voluntary …

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 elasticity of demand. This paper simulates the effects of this increased demand …

Production inflexibility together with product price uncertainty creates price risk, which is a potentially important … factor for firms' liquidity management. One industry for which price risk can be measured is the electricity producing … electricity price volatility leads to increased cash holdings, but only in firms using inflexible production technologies. This …

plants substantially reduce the price paid for coal (but not gas), and tend to employ less capital-intensive sulfur abatement …

We study price convergence between the two major markets for wholesale electricity in California from their …-maximizing traders to have eliminated persistent price differences between the markets. Institutional impediments and traders' incomplete … understanding of the markets, however, could have delayed or prevented price convergence. We find that the two benchmark electricity …