The integration of markets may improve efficiency by lowering costs or reducing local market power. India, seeking to reduce electricity shortages, set up a new power market, in which transmission constraints sharply limit trade between regions. During congested hours, measures competitiveness fall and firms raise bid prices. I use confidential bidding data estimate the supply simulate outcomes...

This review paper provides an overview of the application of behavioral public economics to energy efficiency. I document policymakers’ arguments for “paternalistic” energy efficiency policies, formalize with a simple model of misoptimizing consumers, review and critique empirical evidence, and suggest future research directions. While empirical results suggest that policies to address imperfec...

Based on monthly observations, I specify an econometric model capturing the driving forces behind the crude oil price series in recent years. A large set of covariates, such as supply and demand variables as well as futures market variables, is used to test the impact on the crude oil price. Current price movements are a result of scarce refining capacity and speculators betting on higher price...

This paper evaluates changes in electricity generation costs caused by the introduction of market mechanisms to determine production United States. I use staggered transition markets from 1999 2012 estimate causal impact liberalization using a differences-in-difference design on comprehensive hourly panel demand, generators’ costs, capacities, and output. find that reduce 5 percent reallocating...

Alternative market structures are distinguishable by the degree of parallel action exhibited by producers. We show that the correlation between output levels varies systematically with the degree of interdependence among firms, and establish an ordering among alternative behavioral hypotheses (Cournot, Stackelberg, Edgeworth/Bertrand, collusion, and perfect competition). Because the ordering is...

This paper extends my previous analysis of the causal relationship of GDP and energy use in the USA in the post-war period. A majority of the relevant variables are integrated justifying a cointegration analysis. The results show that cointegration does occur and that energy input cannot be excluded from the cointegration space. The results are plausible in terms of macroeconomic dynamics. The ...

Changes in global development benchmarks, the gradual depletion of natural resources, as well climatic changes are forcing economic actors around world to look for alternative methods energy production. The transition them can be difficult due high cost produced and pressure from states corporations specializing extraction classical sources. article is devoted study renewable energy. uses a sta...

This paper investigates the relationship between electricity demand and temperature in the European Union. We address this issue by means of a panel threshold regression model on 15 European countries over the last two decades. Our results confirm the non linearity of the link between electricity consumption and temperature found in more limited geographical areas in previous studies. By distin...

I study how consumers respond to competing pieces of information that differ in their degree of complexity and informativeness. In particular, I study the choice of refrigerators in the U.S., where a mandatory disclosure labeling program provides detailed information about energy cost, and a certification labeling program provides a simple binary-star rating related to energy use. I find that t...

this paper identifies the major political and economic constraints that impact the demand-side of electricity industry re-structuring processes. These constraints have been a major barrier to implementing effective restructuring processes in many countries, particularly those in the developing world. The paper describes how these constraints have been addressed and how this has harmed market ef...