The combination of energy pricing reform and energy sector investment liberalisation is thus expected to enhance economic development in the region and also to encourage people to use more efficient and cleaner fuels. This study indicates that even if the partial removal of energy subsidies has...

Asian energy policy makers are now in the cross road of defining the future direction of the region’s long term energy scenario which can strike a balance between economic development, energy supply security and climate change mitigation due to the Fukushima nuclear accident in Japan. Though...

In this work we explore some properties of on-Neumann-Morgenstern stable sets in the environment of multidimensional spatial voting situations. In our framework, the set of outcomes under consideration is some compact and convex subset of some finite dimensional Euclidean space and any majority...

In this note we show that the solution notion called conservative stable standard of behaviour (CSSB), introduced by Greenberg (1990) has very little predictive power in environments with farsighted players although intuitively it is quite nice. First we show that CSSB can make no prediction at...

The conventional pricing mechanism used for electricity systematically hides huge investment risks which are embedded in the overall cost of production. Although consumers are often unaware of these risks, they present a large financial burden on the economy. This study applies the portfolio...