Multiple market-clearing prices arise from degenerate pricing conditions that can occur in electricity markets under economic dispatch. A…
Using the bidding prices of participants in China's national wind project concession programs from 2003 to 2007, this paper built up a…
Once again European efforts to contain crisis have fallen short. It was perhaps reasonable to hope that the European Central Bank’s…
Political arithmetic is always suspect, and one should always examine carefully the claims of those seeking votes. Smart observers have…
In the past, industrial countries have tended to pursue countercyclical or, at worst, acyclical fiscal policy. In sharp contrast, emerging…
We explore a framework that could be used to assign quantitative allocations of emissions of greenhouse gases (GHGs), across all countries…
With all the problems in education these days, Arizona’s state superintendent of public instruction, John Huppenthal, thinks he has the…
Emissions of greenhouse gases linked with global climate change are affected by diverse aspects of economic activity, including individual…
Individuals tend toward status quo bias: preferring existing options over new ones. There is a countervailing phenomenon: humans naturally…