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Full accounting of costs and benefits are essential to policy analysis, but regulations may have effects beyond firms covered by the policy. Considering a policy mandating stream flows below hydroelectric dams, I estimate both direct costs of regulation to regulated firms and spillovers to other...
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stochastic processes model has been applied in the work of Roseires dam, in order to develop a system to generate the highest …
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Despite the extensive body of literature on energy economics, very little economics research has been conducted that focuses specifically on dams and hydroelectric power. Brian Edwards addresses this deficiency by examining the multiple roles that dams play, as well as the role of hydroelectric...
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This paper studies the relation between optimal dam capacity and water management under rivalry uses and externalities …-linear building cost of dam capacity and externalities in a welfare optimization model. We obtain the optimal dam capacity for multi … shows that optimal dam capacity is characterized by the marginal benefits of hydropower generation, the marginal costs of …
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