What happens to the merit order of electricity markets when all electricity is supplied by intermittent renewable energy sources coupled with large-scale electricity storage? With near-zero marginal cost of production, will there still be a role for an energy-only electricity market? We answer...

As businesses face an increasing array of environmental challenges, including climate change, air and water pollution, and solid waste management, environmental management has become an increasingly important area of expertise. Elements of Environmental Management is an interdisciplinary...

It is widely believed that once news is made public the information is fully reflected in prices within at most a day or two (the efficient market hypothesis). We test this idea using the set of 245,429 Wall Street Journal corporate news stories from 1973 to 2001. Using computational linguistics...

This paper develops an economic theory of optimal grid-scale electricity storage for three distinct applications, referred to as 'supply-side storage,' 'nodal storage', and 'demand-side storage.' Traditionally, grid-scale electricity storage was the exclusive domain of pumped hydro. The...