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Setting with the Sun : The Impacts of Renewable Energy on Wholesale Power Markets

Bushnell, James - 2018

Policies supporting investment in renewable electricity have been a cornerstone of climate policy in many parts of the world. While previous empirical work explores the economic and environmental impacts of renewable production, the focus has exclusively been on the short-run impacts of...

Persistent link: https://www.econbiz.de/10012480633

Labor Regulations, Unions, and Social Protection in Developing Countries : Market distortions or Efficient Institutions?

Freeman, Richard B. - 2009

This essay reviews what economists have learned about the impact of labor market institutions, defined broadly as government regulations and union activity on labor outcomes in developing countries. It finds that: 1) Labor institutions vary greatly among developing countries but less than they...

Persistent link: https://www.econbiz.de/10012463858

When Does Regulation Distort Costs? Lessons from Fuel Procurement in U.S. Electricity Generation

Cicala, Steve - 2014

following state-level legislation that ended cost-of-service regulation of electricity generation. I find that deregulated …

Persistent link: https://www.econbiz.de/10012458556

An Experimental Comparison of Carbon Pricing Under Uncertainty in Electricity Markets

Davis, Trevor L. - 2020

We report on an economic experiment that compares outcomes in electricity markets subject to carbon-tax and cap-and-trade policies. Under conditions of uncertainty, price-based and quantity-based policy instruments cannot be truly equivalent, so we compared three matched carbon-tax/cap-and-trade...

Persistent link: https://www.econbiz.de/10012481842

Multi-Product Firms in Electricity Markets : Implications for Climate Policy

Buchsbaum, Jesse F. - 2020

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

Persistent link: https://www.econbiz.de/10012482246

Pass-through of Emissions Costs in Electricity Markets

Fabra, Natalia - 2013

We measure the pass-through of emissions costs to electricity prices and explore its determinants. We perform both reduced-form and structural estimations based on optimal bidding in this market. Using rich micro-level data, we estimate the channels affecting pass-through in a flexible manner,...

Persistent link: https://www.econbiz.de/10012459048

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

Allcott, Hunt - 2012

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/10012460588

Right-to-Carry Laws and Violent Crime : A Comprehensive Assessment Using Panel Data, the LASSO, and a State-Level Synthetic Controls Analysis

Donohue, John J. - 2017

Our preferred panel data regression specification (the "DAWmodel") and the Brennan Center (BC) model, as well as other … panel data estimates of the increase in violent crime will be understated … handgun laws, but because of model dependence the panel was unable to identify the true causal effect of these laws from the …

Persistent link: https://www.econbiz.de/10012455172

Energy and Environmental Markets, Industrial Organization, and Regulation

Kellogg, Ryan; Reguant, Mar - National Bureau of Economic Research - 2021

markets and environmental regulation. We emphasize the substantive contributions of recent papers while also highlighting how … the topics examined by this literature--especially auctions, investment, productivity and innovation, and regulation …

Persistent link: https://www.econbiz.de/10012629455

Decarbonization and Electrification in the Long Run

Holland, Stephen P.; Mansur, Erin; Yates, Andrew J. - National Bureau of Economic Research - 2022

Decarbonization and electrification will require a transformed electricity grid. Our long-run model of entry and exit of generation and storage capacity captures crucial aspects of the electricity industry such as time-varying demand for electricity, intermittency of renewables, and...

Persistent link: https://www.econbiz.de/10013210110

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