Rebound effects measure the behaviorally induced offset in the reduction of energy consumption following efficiency improvements. Using panel estimation methods and household travel diary data collected in Germany between 1997 and 2009, this study identifies the rebound effect in private...

Iran is an energy-rich country and one of the world's main oil-exporters, but its own rapid energy consumption in recent years has raised concerns about the ability of the country to continue exporting oil in the future. Economic growth, massive energy subsidies, and mismanagement of the energy...

This article explores key market design issues to be addressed in future electricity markets dominated by intermittent renewable generation with near zero private marginal costs for generating electricity. Changing technology mixes will change market outcomes, but they do not change the...

This analysis provides an international perspective geared towards understanding the future demands being placed on the world's electricity system. It focuses upon the household or residential demand for electricity in a number of high-income and middle-income countries that may raise power...

The potential presence of jumps and time-varying volatility in convenience yields can lead to abnormally fat tails, which has implications for investment in storage capacity, leasing and drilling for crude oil. In this paper we evaluate the potential for these features in convenience yields. To...

This paper presents evidence that the accumulating cost of Germany's ambitious plan to transform its system of energy provision – the so-called Energiewende – is butting up against consumers' willingness-to-pay (WTP) for it. Following a descriptive presentation that traces the German...

The United Nations' objective to provide electricity to the 1.3 billion people without access in developing countries comes at high costs. Little evidence exists on socioeconomic impacts of electrification. This paper rigorously investigates effects of a large grid extension program in Rwanda on...

The substitutability between traditional fuels and modern fuels is essential for examine the possibility of energy transition. The existing literature on China's interfuel substitution is mainly based on the translog function form and often the global curvature is not imposed. There is also a...

Does OPEC still matter? How do OPEC and non-OPEC oil production, global oil demand, and the role of oil as a financial asset influence oil prices? What is the mechanism through which China affects oil prices? These questions reveal the need for a better understanding of oil market dynamics. Our...

High hopes are pinned on market-based dissemination of off-grid technologies to complement expensive grid extension in providing electricity to the unconnected 1.1 billion people in developing countries. In this paper, we elicit the revealed Willingness-to-Pay for different solar technologies in...