given the constraint of time-invariant pricing. We then show that attempts to correct the level of investment through taxes … customers on time-invariant pricing in competitive electricity markets. Not only does time-invariant pricing in competitive … markets lead to outcomes (prices and investment) that are not first-best, it even fails to achieve the second-best optimum …

given the constraint of time-invariant pricing. We then show that attempts to correct the level of investment through taxes … customers on time-invariant pricing in competitive electricity markets. Not only does time-invariant pricing in competitive … markets lead to outcomes (prices and investment) that are not first-best, it even fails to achieve the second-best optimum …

variation in solar time within time zones affects the timing of a range of common behaviors in the United States. Specifically …The practice of standardizing the designation of time is a central device for coordinating activities and economic … with others and engaging in those activities at their own preferred time. When time is standardized across large geographic …