New England is at the leading edge of an energy transition in which natural gas is playing an increasingly important role in the US electricity generation mix. In recent years, the region’s wholesale natural gas and electricity markets have experienced severe, simultaneous price spikes. While...

Este documento presenta una aproximación metodológica a la discriminación de segundo grado. El modelo formulado es aplicado al caso de registro marcario de tarifas multiclase a propósito de la adhesión de Colombia al Protocolo de Madrid en 2011. La metodología propuesta está construida...

Este documento presenta una aproximación metodológica a la discriminación de segundo grado. El modelo formulado es aplicado al caso de registro marcario de tarifas multiclase a propósito de la adhesión de Colombia al Protocolo de Madrid en 2011. La metodología propuesta está construida...

The South African liquid fuels industry is a significant part of the economy. Historically, government policy focused on import substitution industrialization to support industry margins. This approach is called into question by the 2006 shift from net exports to imports and by inflated...

Die Worte Wettbewerb und Gemeinwohl kommen im Grundgesetz nicht vor. In ständiger Rechtsprechung betont das Bundesverfassungsgericht, dass das Grundgesetz keine Entscheidung über die deutsche Wirtschaftsverfassung getroffen hat. Gleichwohl hat das Gericht häufig über das Verhältnis von...

Firms often set long notice periods when consumers cancel a contract, and sometimes do so even when the costs of changing or canceling the contract are small. We investigate a model in which a firm offers a contract to consumers who may procrastinate canceling it due to naive present-bias. We...

Firms often set long notice periods when consumers cancel a contract, and sometimes do so even when the costs of changing or canceling the contract are small. We investigate a model in which a firm offers a contract to consumers who may procrastinate canceling it due to naive present-bias. We...

In this paper, we review selected evidence to demonstrate the value of experiments for policy design with a focus on environmental policy and tax policy. Experiments can substantially improve ex-ante predictions about the outcomes of policy interventions, for example, by serving as...

This article introduces a model of decentralized markets with frictions. In our framework, utility is imperfectly transferable between agents that can only trade through bipartite contracting. Economic outcomes are defined as pairs of a flow vector and a price vector.We prove the existence of a...

New England is at the leading edge of an energy transition in which natural gas is playing an increasingly important role in the US electricity generation mix. In recent years, the region's wholesale natural gas and electricity markets have experienced severe, simultaneous price spikes. While...