This study analyzes the dynamics of the linkages among costs of electricity generation via crude oil, natural gas, and coal for the periods before and after the Fukushima accident. We find that Markov regime switching in the cost spreads between the fossil fuels has become more frequent after...

We analyze the optimal accumulation of renewable energy (backstop) generating capacity in a capital-energy economy with exhaustible fossil fuels. The analysis rests upon graphical illustrations of optimal control considerations. Due to the exhaustibility of fossil fuels the relative...

The consequences of the 2ʿ C climate target and the implicitly imposed ceiling on CO2 have been analyzed in several studies. We use an endogenous rowth model with a ceiling and a carbon capture and storage (CCS) technology to study the effect of the ceiling on the allocation of limited funds...