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The Evidence from California on the Economic Impact of Inefficient Distribution Network Pricing

Wolak, Frank A. - 2018

Charging full requirements customers for distribution network services using the traditional cents per kilowatt-hour (KWh) price creates economic incentives for consumers to invest in distributed generation technologies, such as rooftop solar photovoltaics, despite the fact that marginal cost of...

Persistent link: https://www.econbiz.de/10012480738

The Incidence of an Oil Glut : Who Benefits from Cheap Crude Oil in the Midwest?

Borenstein, Severin - 2012

Beginning in early 2011, crude oil production in the U.S. Midwest and Canada surpassed the pipeline capacity to transport it to the Gulf Coast where it could access the world oil market. As a result, the U.S. "benchmark" crude oil price in Cushing, Oklahoma, declined substantially relative to...

Persistent link: https://www.econbiz.de/10012460532

What Kinds of Distributed Generation Technologies Defer Network Expansions? Evidence from France

Astier, Nicolas; Iyer, Ramaswamy R.; Wolak, Frank A. - National Bureau of Economic Research - 2021

This paper estimates the relationship between investments in five distributed generation technologies and hourly net injections to the distribution grid for over 2,000 substations in France between 2005 and 2018. We find that investments in distributed wind and solar capacity have little or no...

Persistent link: https://www.econbiz.de/10012533371

Power Flows : Transmission Lines and Corporate Profits

Hausman, Catherine - National Bureau of Economic Research - 2024

Economists, energy experts, and policymakers have called for accelerating investment in the U.S. electricity transmission network. Additional transmission lines could better integrate markets, reducing the total cost of electricity generation. They could also allow for the better integration of...

Persistent link: https://www.econbiz.de/10014468290

The Political Economy of Geoeconomic Power

Clayton, Christopher; Maggiori, Matteo; Schreger, Jesse - National Bureau of Economic Research - 2025

Great powers are increasingly using their economic and financial strength for geopolitical aims. This rise of "geoeconomics" has the potential to reshape the international trade and financial system. This paper examines the role of domestic political economy forces in determining a government's...

Persistent link: https://www.econbiz.de/10015194998

Geopolitics and the World Trading System

Mattoo, Aaditya; Ruta, Michele; Staiger, Robert W. - National Bureau of Economic Research - 2024

undermined the WTO. A simple transposition of the previous rationalization suggests that geopolitics and trade cooperation are … other circumstances, there are gains from trade cooperation even with geopolitics. Furthermore, the WTO's relevance is in … imperative, the WTO can continue to thrive as a forum for multilateral trade cooperation in the age of geopolitics …

Persistent link: https://www.econbiz.de/10015171695

The Impact of Bretton Woods International Capital Controls on the Global Economy and the Value of Geopolitical Stability : A General Equilibrium Analysis

Ohanian, Lee E.; Restrepo-Echavarria, Paulina; Van … - National Bureau of Economic Research - 2023

This paper quantifies the positive and normative impact of Bretton Woods capital controls on global and regional economic activity. A three-region DSGE capital flows accounting framework consisting of the U.S., Western Europe, and the Rest of the World (ROW) is developed to quantify capital...

Persistent link: https://www.econbiz.de/10014337829

Mars or Mercury? The Geopolitics of International Currency Choice

Eichengreen, Barry - 2017

We assess the role of economic and security considerations in the currency composition of international reserves. We contrast the "Mercury hypothesis" that currency choice is governed by pecuniary factors familiar to the literature, such as economic size and credibility of major reserve currency...

Persistent link: https://www.econbiz.de/10012453568

The Geopolitics of International Trade in Southeast Asia

Coşar, Kerem - 2020

Motivated by the historically tense geopolitical situation in Southeast Asia, we simulate the potential closure of key maritime waterways in the region to predict the impact on trade and welfare. We generate initial (unobstructed) and counterfactual (rerouted) least-cost maritime paths between...

Persistent link: https://www.econbiz.de/10012482267

Industrial Clusters in the Long Run : Evidence from Million-Rouble Plants in China

Heblich, Stephan; Seror, Marlon; Xu, Hao; Zylberberg, Yanos - National Bureau of Economic Research - 2022

We identify negative spillovers exerted by large, successful manufacturing plants on other local production facilities in China. A short-lived alliance between the U.S.S.R. and China led to the construction of 150 "Million-Rouble plants" in the 1950s. Our identification strategy exploits the...

Persistent link: https://www.econbiz.de/10013477236