In this paper we explore strategic decision making in new technology adoption by utilizing economic analysis. We show how asymmetric information affects firms' decisions to adopt the technology. We do so in a two-stage game-theoretic model where the first-stage investment results in the...

Last year, Senators Barbara Boxer (D-CA) and Bernie Sanders (I-VT) introduced S. 332, the Climate Protection Act of 2013. Based on a “fee-and-dividend” concept, the bill would levy a carbon pollution fee on carbon dioxide (CO2) emissions starting in 2014 at $20 per metric ton of CO2, rising...

In this review, we attempt to describe the evolution of integrated assessment modeling research since the pioneering work of William Nordhaus in 1994, highlighting a number of challenges and suggestions for moving the field forward. The field has evolved from global aggregate models focused on...

This study assesses climate-related financial risks on energy infrastructure investments. We conduct an asset-level and forward-looking risk assessment on three downstream energy assets: natural gas, coal, and solar photovoltaic power plants. We first identify climate risk factors (physical and...

The primary objective of Energy and Environmental Policy Modeling is to introduce a variety of recent energy-environmental modeling concepts, and to provide an overview of these modeling concepts. Another major objective of the book is the application of management science techniques to energy...

Few integrated analysis models examine significant U.S. transportation greenhouse gas emission reductions within an integratedenergysystem.Ouranalysis, usingabottom-upMARKet ALocation (MARKAL) model, found that stringent systemwide CO2 reduction targets will be required to achieve significant...

This paper explores the variation in Asian energy systems in the energy-economic and integrated assessment models participating in the Asian Modeling Exercise (AME). Consistent with previous studies, there is substantial variation in energy system configurations across the AME scenarios, a...