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Gaining Steam : Incumbent Lock-in and Entrant Leapfrogging

Hornbeck, Richard; Hsu, Shanon; Humlum, Anders; … - National Bureau of Economic Research - 2024

We examine the long transition from water to steam power in US manufacturing, focusing on early users of mechanical power: lumber and flour mills. Digitizing Census of Manufactures manuscripts for 1850 to 1880, we show that as steam costs declined, manufacturing activity grew faster in counties...

Persistent link: https://www.econbiz.de/10014528423

Greenhouse Gases Resulting from Grid-Connected Electricity Demand : Three Pillars and Scope Two

Dunkle Werner, Karl; Levinson, Arik - National Bureau of Economic Research - 2025

Many governments and businesses would like to minimize or eliminate the greenhouse gases that result from their purchases of power from electricity grids. Because electricity flows cannot be traced from purchasers back to specific generators, some regulators and users have proposed an...

Persistent link: https://www.econbiz.de/10015361421

The Role of Industrial Policy in the Renewable Energy Sector

Gerarden, Todd D.; Reguant, Mar; Xu, Daniel Yi - National Bureau of Economic Research - 2025

this paper, we provide an overview of renewable energy economics and policy, with a focus on solar and wind power. We …

Persistent link: https://www.econbiz.de/10015438303

Renewable Asset Price Volatility and Its Implications for Decarbonization

Hong, Harrison G.; Kubik, Jeffrey D.; Shore, Edward P. - National Bureau of Economic Research - 2025

We find that the price volatility of renewable assets is significantly greater than that of brown assets. Our causal estimates leverage the response of electricity and credit markets to US state-level renewable portfolio standards that require some utilities to use renewables while exempting...

Persistent link: https://www.econbiz.de/10015409819

Take the Load Off : Time and Technology as Determinants of Electricity Demand Response

Bailey, Megan; Brown, David P.; Shaffer, Blake C.; … - National Bureau of Economic Research - 2025

As electricity systems transition toward more variable renewable energy, flexible demand has emerged as a critical tool for grid management. Yet a fundamental question remains: are emerging smart technologies sufficient to unlock demand response, or does human behavior remain the critical...

Persistent link: https://www.econbiz.de/10015409868

The Private and Public Economics of Renewable Electricity Generation

Borenstein, Severin - 2011

dependent on the time and location at which it is produced, which is not very controllable with some renewables, such as wind …

Persistent link: https://www.econbiz.de/10012460962

Understanding Cross-National Trends in High-Tech Renewable Power Equipment Exports to the United States

Sawhney, Aparna - 2011

We track US imports of advanced technology wind and solar power-generation equipment from a panel of countries during … 1989-2010, and examine the determining factors including sector-specific US FDI outflow, country size, and domestic wind … and poor countries, especially for the balance of system equipment. For the core wind and solar equipment, we find …

Persistent link: https://www.econbiz.de/10012461440

Intermittency and the Value of Renewable Energy

Gowrisankaran, Gautam - 2011

A key problem with solar energy is intermittency: solar generators only produce when the sun is shining. This adds to social costs and also requires electricity system operators to reoptimize key decisions with large-scale renewables. We develop a method to quantify the economic value of...

Persistent link: https://www.econbiz.de/10012461571

Climate Policy and Voluntary Initiatives : An Evaluation of the Connecticut Clean Energy Communities Program

Kotchen, Matthew J. - 2010

Can simple government programs effectively promote voluntary initiatives to reduce greenhouse-gas emissions? This paper provides an evaluation of how the Connecticut Clean Energy Communities program affects household decisions to voluntarily purchase "green" electricity, which is electricity...

Persistent link: https://www.econbiz.de/10012462539

Energy Conservation "Nudges" and Environmentalist Ideology : Evidence from a Randomized Residential Electricity Field Experiment

Costa, Dora L. - 2010

"Nudges" are being widely promoted to encourage energy conservation. We show that the popular electricity conservation "nudge" of providing feedback to households on own and peers' home electricity usage in a home electricity report is two to four times more effective with political liberals...

Persistent link: https://www.econbiz.de/10012462713