We propose a structural breakpoint resampling method that allows us to draw reliable conclusion from Markov chain analysis of GDP growth series, and apply it to Mexico and the U.S. According to our findings, the “structural” probability of a real GDP contraction in the U.S. in 2008 is only...

Electricity regulators often mandate increasing-block pricing (IBP)—i.e., marginal price increases with the customer's average daily usage—to protect low-income households from rising costs. IBP has no cost basis, raising a classic conflict between efficiency and distributional goals....

En este ensayo, se concluye la necesidad y urgencia de llevar a cabo un paquete de medidas, preferiblemente de forma consensuada en un pacto de estado, para paliar o eliminar los graves problemas del sector y cumplir, a nivel satisfactorio, con los tres principios aceptados de seguridad de...

US climate policy is unfolding under the Clean Air Act. Mobile source and construction permitting regulations are in place. Most important, EPA and the states will determine the form and stringency of the regulations for power plants. Various approaches would create an implicit price on emitting...

Requirements for the electricity network in Germany increased in recent years due to the energy transition. The utilization of existing infrastructure applying so called congestion management becomes more important. Regional pricing might help to set the right incentives for generation...

This paper evaluates changes in fuel procurement practices by coal and gas-fired power plants in the United States following state-level legislation that ended cost-of-service regulation of electricity generation. I find that deregulated plants substantially reduce the price paid for coal (but...

Most US consumers are charged a near-constant retail price for electricity, despite substantial hourly variation in the wholesale market price. This paper evaluates the first program to expose residential consumers to hourly real-time pricing (RTP). I find that enrolled households are...

this paper identifies the major political and economic constraints that impact the demand-side of electricity industry re-structuring processes. These constraints have been a major barrier to implementing effective restructuring processes in many countries, particularly those in the developing...

En diferentes mercados de energía eléctrica de varios países se ha dado inicio a la implementación de programas para lograr una mejor participación de la demanda de electricidad como respuesta a los precios o a necesidades de mejorar los niveles de confiabilidad del sistema eléctrico. En...

We analyze the gross welfare gains from real-time retail pricing in electricity markets where carbon taxation induces investment in variable renewable technologies. Applying a stylized numerical electricity market model, we find a U-shaped association between carbon taxation and gross welfare...