This paper examines the choice between subsidizing investment or output to promote socially desirable production. We exploit a natural…
The cost of transmission facilities must be allocated to those within the transmission planning region that benefit from those facilities…
A central authority possessing tax and expenditure responsibilities can readily provide an efficient level of a public good. Absent a…
For EMF 32, we applied a new version of our Intertemporal General Equilibrium Model (IGEM) based on the North American Industry…
A reform of the Western Energy Imbalance Market should target the right problem. Import leakage is a problem; resource shuffling is a…
Energy-efficient technologies offer considerable promise for reducing the financial costs and environmental damages associated with energy…
The behavioral responses to taxes and subsidies are often subject to various behavioral biases and transaction costs—what we define as “…
This article reviews the design of environmental
markets for pollution control over the past 30 years,
and identifies key market-design…
Through an evaluation of the 2009 Recovery Act's State Energy Efficient Appliance Rebate Program, this paper examines consumers' response…
The Paris Agreement has achieved one of two key necessary conditions for ultimate success – a broad base of participation among the…