The Department of Energy's R&D budget has experienced major changes in funding during the last two administrations. These changes are explained by administration policies that are based on perceived conditions of market failure. Government funding of R&D can be supported on grounds of...

The conservation literature argues that numerous cost-effective conservation measures could be undertaken, but they are not because market barriers discourage such investments. A review of these barriers indicates that in genera{ they do not discourage investment and they are not market...

This paper uses the Residential Energy Consumption Survey undertaken by the Energy Information Administration in 1990 to estimate the statistical association between household income and participation in electric utility energy conservation programs and the association between participation and...

The 1999 Special Issue of The Energy Journal presents several articles that conclude the costs of the Kyoto Protocol would be very high for the U.S. if all the adjustments were domestic. However, a few studies conclude that the Kyoto target is achievable at a negligible cost and perhaps with a...