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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/10012458934
This paper discusses U.S. energy policy and the associated evolution of energy supply, energy demand, energy prices and the industrial organization of the domestic energy industries during the period 1991 through 2000. This period covers the last two years of the George H. W. Bush administration...
Persistent link: https://www.econbiz.de/10012470264
This paper assesses trends in the global energy sector through 2040 by harmonizing multiple projections issued by private, government, and inter-governmental organizations based on methods from "Global Energy Outlooks Comparison: Methods and Challenges" (Newell and Qian 2015). These projections...
Persistent link: https://www.econbiz.de/10012456599
We explore the principal trends that are shaping the future landscape of energy supply, demand, and trade. We take a long-term view, assessing trends on the time scale of a generation by looking 25 years into the past, taking stock of the current situation, and projecting 25 years into the...
Persistent link: https://www.econbiz.de/10012459695
We study the electricity consumption of San Diego-area households following a series of price changes and related events during California's energy crisis in 2000-01. The analysis uses a five-year panel of disaggregate billing and weather data for a random sample of 70,000 households. In...
Persistent link: https://www.econbiz.de/10012468706
On Aug. 8, 2005, President Bush signed the Energy Policy Act of 2005 (PL 109-58). This was the first major piece of energy legislation enacted since 1992 following five years of Congressional efforts to pass energy legislation. Among other things, the law contains tax incentives worth over $14...
Persistent link: https://www.econbiz.de/10012466094
well-known "supply-shock" explanation attributes both spikes to large food and energy shocks plus, in the case of 1973 … policy and (b) pointed to the far smaller impacts of more recent oil shocks as evidence against the supply-shock explanation …, and new econometric studies that have accumulated over the past quarter century. We find that the classic supply-shock …
Persistent link: https://www.econbiz.de/10012464085
We develop a theoretical framework to characterize strategic behavior in sequential markets under imperfect competition and limited arbitrage. Our theory predicts that these two elements can generate a systematic price premium. We test the model predictions using micro-data from the Iberian...
Persistent link: https://www.econbiz.de/10012457884
after the cost shock. Furthermore, the costs of price adjustment are small …
Persistent link: https://www.econbiz.de/10012459048
Agricultural and energy commodity prices have traditionally exhibited relatively low correlation. However, recent increases in biofuel production have altered the agriculture-energy relationship in a fundamental way. This increase has drawn on corn previously sold to other uses, as well as...
Persistent link: https://www.econbiz.de/10012461833