In order to preserve stability of electricity supply generators must provide ancillary services in addition to energy production. Hydroelectric resources have significant ancillary service capability because of their dynamic flexibility. This paper suggests a solution for optimal bidding for...

Restructuring of the electricity industry was expected to improve the operating efficiency of electric power generators, leading to lower production costs and retail prices. Most studies conclude that there have been some efficiency gains, but the subject of whether retail prices have fallen has...

Enquiring about the "risk propensity" of entrepreneurs is misguided, because all economic actors deal with risk and uncertainty. The success of entrepreneurs is tied closely to the way in which they perceive and manage risk. This study compares bankers and entrepreneurs in their cognitive...

This paper examines the extent to which accounting systems separately identify all the costs of environmental regulation. We estimate the relation between the quot;visiblequot; cost of regulatory compliance (costs that firms' accounting systems correctly classify as quot;environmentalquot;), and...

This paper examines the extent to which accounting systems separately identify all the costs of environmental regulation. We estimate the relation between the quot;visiblequot; cost of regulatory compliance (costs that firms' accounting systems correctly classify as quot;environmentalquot;), and...

We examine data for the 48 contiguous states from calendar years 1990 to 2005 to explore whether a state's membership in an organized wholesale market promotes the development of renewable electricity generation. Since states in regional transmission organizations (RTOs) generate most of the...

America seems to have decided that a "smart grid" is what we need to solve the problems of our electric power system. But, what exactly is a "smart grid"? The answer is that it is many different things. Some of the things that get talked about are relatively inexpensive and can go a long way...