Under what conditions does cost-of-service regulation lead firms to distort costs? This paper analyzes changes in fuel procurement practices by coal- and natural gas-fired electricity generating plants in the United States following state-level legislation that ended cost-of-service regulation...

The shocking spread of COVID-19 pandemic has caught all countries off guard and disrupted all socio-economical activities and anticipated huge human life as well as economic loss which are not easy to makeup despite huge economical stimuli by all countries. This pandemic has exposed tall claims...

Effective and economical expansion of renewable energy is one of the most urgent and important challenges of addressing climate change. However, many countries are facing a problem because existing network infrastructures (i.e., transmission networks) were not originally built to accommodate...

This paper is a law and economics analysis about the effects of the recent decision to exempt Mexico's energy regulator from a regulatory impact analysis. This occured in spite of receiving an opinion from the competition authority about competition effects of changing the rules of the game for...

This paper examines the impact of labour and product market reforms on economic growth in 25 OECD countries between 1985 and 2013, and tests whether this impact is conditioned by the fiscal policy stance, i.e. whether there are fiscal expansions or adjustments. Our local projection results...

Im Jahr 2000 wurde das Erneuerbare-Energien-Gesetz (EEG) zur Förderung erneuerbarer Energien durch die rot-grüne Bundesregierung beschlossen. 2050 soll der Anteil der Stromerzeugung aus Erneuerbaren Energien am Bruttostromverbrauch 80% betragen. Die Energiewende scheint zu gelingen – doch zu...

This paper examines the prices versus quantities issue, originally raised by Weitzman [8], in the context of carbon dioxide emissions and with a special focus on electricity generation. Within a simpli ed model of the electricity market, in which we explicitly allow for a monopolistic gas...

The German response to the Fukushima nuclear power plant incident was possibly the most significant change of policy towards nuclear power outside Japan, leading to a sudden and very significant shift in the underlying power generation structure in Germany. This provides a very useful natural...