The availability of hydroelectric resources and the institutional framework created for their development have led to electricity prices that are lower in Québec than in the neighbouring regions. The structure of the electric power industry is undergoing significant changes in several countries...

Few studies are concerned with the energy demand of the canadian commercial sector. The modeling works in this area at EMR, Canada and at NEB rely on the two-levels approach. At the first level, the energy demand is expressed as function of energy relative price, commercial sector output, and...

Between 1980 and 1986. Hydro-Quebec's electricity exports to neighboring utilities in the United States and Canada posted an average annual growth rate of 7.3 percent while regular electricity sales in Quebec increased by only 3.8 percent.' Exports accounted for 18.7 percent of the electricity...

The United States and Canada recently concluded a comprehensive agreement which calls for removing restrictions on trade between them, including energy. To explain the details of the energy portions of the agreement, we present by a series of comments by seven authors from both sides of the...

Statistical agencies often report aggregate energy use by expressing different energy types on a common basis with thermal conversion factors. Before the energy crisis of the 1970s Turvey and Nobay (1965) indicated some pitfalls associated with thermal conversion factors in the analysis of...

Investment expenditures in natural gas distribution pipelines account for 70% of the rate base of Société en Commandite Gaz Métropolitain (SCGM), the natural gas utility which serves most customers in the province of Québec. In allocating these costs to rate payers, the regulatory process...

A wide range of tests for heteroskedasticity have been proposed in the econometric and statistics literatures. Although a few exact homoskedasticity tests are available, the commonly employed procedures are quite generally based on asymptotic approximations which may not provide good size...

We consider a firm that must undergo a costly and time-consuming regulatory process before making an irreversible, lagged investment whose value varies randomly. We analyze two cases: regulatory approval is valid forever or it expires after some time. We apply our model to Hydro Québec's...

Economic research on transfer-pricing behavior by multinational corporadons has emphasized theoretical modeling and institutional description. This paper presents the fiit systematic empirical analysis of transfer prices, using data from the petroleum industry. On the basis of oil imported into...