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The economics of electricity is shaped by its physics. A well know example is the non-storability of electricity that causes its price to fluctuate widely. More generally, physical constraints cause electricity to be a heterogeneous good along three dimensions - time, space, and lead-time....
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Regulation is especially important for infrastructure systems (such as wind energy), which are characterised by a triple regulation challenge in the areas of R&D spillovers, environmental protection, and access to monopolistic bottlenecks. A heterodox approach is used to study the effects of...
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Researchers have utilized the fact that many states have term limits (as opposed to being eligible for re-election) for governors to determine how changes in electoral incentives alter state regulatory agency behavior. This paper asks whether these impacts spill over into private sector...
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