It is expected that the renewable share of energy generation will rise considerably in the near future. The intermittent and uncertain nature of renewable energy (RE) calls for storage and grid management technologies that can allow for increased power system flexibility. To assist policy makers...

To help design policies encouraging renewable energy generation and flexible power systems at the household level, better knowledge about the welfare gains from such technologies is necessary. In this paper, we appraise these gains by considering the optimal behavior of a UK household. Contrary...

It is expected that the renewable share of energy generation will rise considerably in the near future. The intermittent and uncertain nature of renewable energy (RE) calls for storage and grid management technologies that can allow for increased power system flexibility. To assist policy makers...

This paper proposes a measure of the welfare cost of volatitliy derived from an endogenous growth model (AK) under uncertainty extended to the case of a recursive utility function which disentangles risk aversion from intertemporal elasticity of substitution. It encompasses a direct welfare cost...

This paper aims to measure the risk premium on French equities during 1960-92 and to evaluate how well theoretical models based on various representations of agents'' preferences can explain it. Aside from the standard, time-additive utility function with constant relative risk aversion, three...

As a measure of building envelope performance, Overall Thermal Transfer Value (OTTV) has been regulated in many countries and regions in the world, while little research is done to evaluate its city-scale effect with energy consumption. In this paper, we develop an econometric energy...