Central American countries spend approximately one percent of their aggregate gross domestic product subsidizing residential electricity consumption. This amount is comparable with what these countries spend on education and social assistance. The pressure that electricity subsidies exert on...

We investigate conditions that aggravate market failures in energy innovations, and suggest optimal policy instruments to address them. Using an intertemporal general equilibrium model we show that "small" market imperfections may trigger a several decades lasting dominance of an incumbent...

Central American countries spend approximately one percent of their aggregate gross domestic product subsidizing residential electricity consumption. This amount is comparable with what these countries spend on education and social assistance. The pressure that electricity subsidies exert on...

Front Cover -- Contents -- Foreword -- Acknowledgments -- About the Editors and Contributors -- Executive Summary -- Abbreviations -- Chapter 1 Overview -- Key Findings -- Policy Directions -- Organization of the Study -- Summary of Results, by Country -- Annex 1A: Relevant Literature on...