Center for Energy and Environmental Policy Research: Recent submissions
Now showing items 271-273 of 334
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Electricity transmission pricing : how much does it cost to get it wrong?
(MIT Center for Energy and Environmental Policy Research, 2004)Economists know how to calculate optimal prices for electricity transmission. These are rarely applied in practice. This paper develops a thirteen node model of the transmission system in England and Wales, incorporating ... -
The Chicago VOC trading system : the consequences of market design for performance
(MIT Center for Energy and Environmental Policy Research, 2004)The Chicago cap-and-trade approach to regulating stationary source VOC emissions in the Chicago ozone non-attainment area is a pioneering program that could set a precedent for other urban areas troubled by high ozone ... -
Does competition reduce costs? : assessing the impact of regulatory restructuring on U.S. electric generation efficiency
(MIT Center for Energy and Environmental Policy Research, 2004)Although the allocative efficiency benefits of competition are a tenet of microeconomic theory, the relation between competition and technical efficiency is less well understood. Neoclassical models of profit-maximization ...
