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I extend multi-unit auction estimation techniques to a setting in which firms can express cost complementarities over time. In the context of electricity markets, I show how the auction structure and bidding data can be used to estimate these complementarities, which in these markets arise due...
Persistent link: https://www.econbiz.de/10010356362
Persistent link: https://www.econbiz.de/10010485819
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Renewable policies have grown in popularity across states in the US, and worldwide. The costs and benefits from renewable policies are unevenly distributed across several margins. The incidence of alternative designs varies substantially across producers and consumers, across types of producers,...
Persistent link: https://www.econbiz.de/10012453316
In this paper, the authors undertake a large microdata collection effort to quantify the energy shock households faced in England and Wales during the energy crisis, examining the incidence across demographics and building characteristics. Understanding the equity impacts of the energy crisis...
Persistent link: https://www.econbiz.de/10015332799
U.S. adoption of a cap-and-trade program for greenhouse gases could place some domestic producers at a disadvantage relative to international competitors who do not face similar regulation. To address this issue, proposed federal climate change legislation includes a provision that would freely...
Persistent link: https://www.econbiz.de/10012462350
For political, jurisdictional and technical reasons, environmental regulation of industrial pollution is often incomplete: regulations apply to only a subset of facilities contributing to a pollution problem. Policymakers are increasingly concerned about the emissions leakage that may occur if...
Persistent link: https://www.econbiz.de/10012464226
Environmental regulation of industrial pollution is often incomplete; regulations apply to only a subset of facilities contributing to a pollution problem. Policymakers are increasingly concerned about the emissions leakage that may occur if unregulated production can be easily substituted for...
Persistent link: https://www.econbiz.de/10005014657
Persistent link: https://www.econbiz.de/10009903866
I extend multi-unit auction estimation techniques to a setting in which firms can express cost complementarities over time. In the context of electricity markets, I show how the auction structure and bidding data can be used to estimate these complementarities, which in these markets arise due...
Persistent link: https://www.econbiz.de/10010398616