Three Essays On Energy Economics
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Three Essays In Energy Economics
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Author : Jermaine A. Moulton
language : en
Publisher:
Release Date : 2016
Three Essays In Energy Economics written by Jermaine A. Moulton and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with Electronic books categories.
Three Essays On Energy Economics
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Author : Seth Wiggins
language : en
Publisher:
Release Date : 2016
Three Essays On Energy Economics written by Seth Wiggins and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with categories.
Three Essays On Energy Economics Price Demand And Vulnerability
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Author : 劉致峻
language : en
Publisher:
Release Date : 2021
Three Essays On Energy Economics Price Demand And Vulnerability written by 劉致峻 and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021 with categories.
Three Essays In Energy Economics
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Author : Dae-Wook Kim
language : en
Publisher:
Release Date : 2004
Three Essays In Energy Economics written by Dae-Wook Kim and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with categories.
Renewable Energy Support Policies And Strategic Behavior
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Author : Ali Darudi
language : en
Publisher:
Release Date : 2021
Renewable Energy Support Policies And Strategic Behavior written by Ali Darudi and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021 with categories.
Three Essays On Energy Economics And Forecasting
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Author : Yoon Sung Shin
language : en
Publisher:
Release Date : 2012
Three Essays On Energy Economics And Forecasting written by Yoon Sung Shin and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012 with categories.
This dissertation contains three independent essays relating energy economics. The first essay investigates price asymmetry of diesel in South Korea by using the error correction model. Analyzing weekly market prices in the pass-through of crude oil, this model shows asymmetric price response does not exist at the upstream market but at the downstream market. Since time-variant residuals are found by the specified models for both weekly and daily retail prices at the downstream level, these models are implemented by a Generalized Autoregressive Conditional Heteroskedasticity (GARCH) process. The estimated results reveal that retail prices increase fast in the rise of crude oil prices but decrease slowly in the fall of those. Surprisingly, retail prices rarely respond to changes of crude oil prices for the first five days. Based on collusive behaviors of retailers, this price asymmetry in Korea diesel market is explained. The second essay aims to evaluate the new incentive system for biodiesel in South Korea, which keeps the blend mandate but abolishes tax credits for government revenues. To estimate changed welfare from the new policy, a multivariate stochastic simulation method is applied into time-series data for the last five years. From the simulation results, the new biodiesel policy will lead government revenues to increases with the abolishment of tax credit. However, increased prices of blended diesel will cause to decrease demands of both biodiesel and blended diesel, so consumer and producer surplus in the transport fuel market will decrease. In the third essay, the Regression - Seasonal Autoregressive Integrated Moving Average (REGSARIMA) model is employed to predict the impact of air temperature on daily peak load demand in Houston. Compared with ARIMA and Seasonal Model, a REGARIMA model provides the more accurate prediction for daily peak load demand for the short term. The estimated results reveal air temperature in the Houston areas causes an increase in electricity consumption for cooling but to save that for heating. Since the daily peak electricity consumption is significantly affected by hot air temperature, this study makes a conclusion that it is necessary to establish policies to reduce urban heat island phenomena in Houston.
Three Essays In Energy Economics
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Author : William Chi Chiao Leung
language : en
Publisher:
Release Date : 2015
Three Essays In Energy Economics written by William Chi Chiao Leung and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015 with Automobile driving categories.
This dissertation studies our relationship with energy, as individuals and as a society. In the first chapter, I look at individual response to gasoline prices by investigating the relationship between gasoline prices and running out of gasoline. In the second chapter I investigate household level short-run responses to gasoline prices by decomposing the traditional fuel use elasticity into changes in driving and change in average fuel economy. The third chapter looks at policies that comes as responses to environmental externalities associated with fuel use.
Three Essays On Energy Economics And Policy
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Author : Zhi Li
language : en
Publisher:
Release Date : 2015
Three Essays On Energy Economics And Policy written by Zhi Li and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015 with categories.
Many changes are needed to shift the economy from business as usual to a sustainable track in both developed and developing countries. Technology innovation, especially related to clean energy and energy efficient, is needed to meet the requirement of such economy shift, and is receiving considerable and increasing attention. Governments have applied large numbers of energy and environmental policies to stimulate the clean energy innovations and support the development of related industries. Hence, it is important and necessary to better understand and assess the impact of policy instruments and key factors in the clean energy sector.My dissertation include three studies related to the clean energy technologies and the industry development. Several conclusions are drawn. First, by investigating the effect of "innovating-by-implementing" in the context of the US LEED building program, I find that implementation experience of utilizing energy efficient technologies in building construction and renovation makes important contribution to innovations in energy efficient building technologies. The second study examines the impact of a specific industry policy -- export restriction on raw materials -- on rare earth downstream industries, which is related to a lot of clean energy products. The result suggests that China's REEs export restriction policies have worked effectively as an industrial policy to induce FDIs and technology transfer by foreign downstream firms and promote domestic downstream industries. The third study analyzes the US innovation related to REEs technologies in the context of innovation system, and it shows that the US has lost its leadership in downstream innovation in REEs, in response to the removal of upstream producers in the innovation system.
Three Essays On Energy Economics
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Author : Louis Demetri Preonas
language : en
Publisher:
Release Date : 2018
Three Essays On Energy Economics written by Louis Demetri Preonas and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018 with categories.
Electricity powers the modern economy, and the electricity supply chain is notoriously complex. Power plants must develop stable relationships for fuel procurement, as their long-run profitability hinges on securing a cheap, reliable fuel supply. Electric utilities may also lack the incentive to provide a reliable power supply to all potential customers, which could hamper economic productivity. The physical properties of electricity transmission create inherent challenges in providing power to all regions of the grid, while simultaneously incentivizing economically efficient production decisions. In this dissertation, I study three potential market failures in electricity supply: (i) market power in U.S. coal transportation; (ii) under-electrification of India’s rural poor; and (iii) short-run allocative inefficiencies in Indian electricity dispatch. In each case, my findings are of substantial economic importance due the scale of the electric power industry, which is essential to virtually all economic activity. Climate change only raises the stakes, and alleviating electricity market failures has the potential to increase carbon dioxide emissions and further harm the planet. In the first chapter, I investigate how market power in the transportation of coal might impact U.S. climate policies. Economists have widely endorsed pricing CO2 emissions to internalize climate change-related externalities. Doing so would significantly affect coal, which is the most carbon-intensive major energy source. However, U.S. coal markets exhibit an additional distortion, as the railroads that transport coal to power plants can exert market power. This upstream distortion can mute the price signal of a corrective tax, due to changes in markups or incomplete tax pass-through. I provide the first empirical estimates of how coal-by-rail markups respond to changes in coal demand. I find that rail carriers reduce coal markups when downstream power plant demand changes, due to a decrease in the price of natural gas (a competing fuel). I estimate markup changes that vary substantially across coal plants, resulting from a combination of heterogeneous transportation market structure and plant-specific demand shocks. Since low natural gas prices and a CO2 emissions tax similarly disadvantage coal, observed decreases in coal markups imply that pass-through of a federal carbon tax to coal power plants may be heterogeneous and incomplete. This could substantially erode the environmental benefits of a price-based climate policy. My results suggest that decreases in coal markups have increased recent climate damages by $2.3 billion, compared to a counterfactual where markups do not change. In the second chapter, coauthored with Fiona Burlig, we study the impacts of energy access in the developing world. Over 1 billion people still lack electricity access. Developing countries are investing billions of dollars in rural electrification, targeting economic growth and poverty reduction, despite limited empirical evidence. We estimate the effects of rural electrification on economic development in the context of India’s national electrification program, which reached over 400,000 villages. We use a regression discontinuity design and high-resolution geospatial data to identify medium-run economic impacts of electrification. We find a substantial increase in electricity use, but reject effects larger than 0.26 standard deviations across numerous measures of economic development, suggesting that rural electrification may be less beneficial than previously thought. In the third chapter, coauthored with Fiona Burlig and Akshaya Jha, we examine short-run allocative inefficiencies in Indian electricity supply. Electricity consumption is highly correlated with economic development. Understanding and resolving the drivers of economic inefficiencies in electricity markets is critical to supporting economic growth. We quantify the costs of short-run misallocation in Indian electricity supply. We assemble a novel dataset on daily production from each utility-scale power plant in the country and administrative measures of plant-specific marginal operating costs, and calculate the total variable costs of electricity generation in India to be approximately $29 billion per year. We next construct the “least-cost” counterfactual where we dispatch power plants in order of lowest-to-highest marginal cost. We find that this least-cost dispatch results in total annual operating costs that are roughly $4.7 billion lower than observed dispatch. Once we account for transmission constraints, we find a remaining misallocation wedge of $3.2 billion per year. We find evidence that this wedge results from market design and political economy considerations, but find little evidence of market power.
Three Essays On Energy Economic
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Author : Chin-Ho Cho
language : en
Publisher: LAP Lambert Academic Publishing
Release Date : 2013
Three Essays On Energy Economic written by Chin-Ho Cho and has been published by LAP Lambert Academic Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with categories.
Crude oil is the one of the most important energy resources in the world and its prices have fluctuated widely, especially since the early 1980s. However, the higher oil price will exert upward pressure on the inflation rate in the world and thereby damage the global economy. Thus, in this paper we investigate the oil demand, oil price as well as environment Kuznets curve. In chapter 2, we attempt to use panel fully-modified OLS approach to example the crude oil demand in Asian countries over the period 1971-2005. In chapter 3, we attempt to use panel unit root and panel cointegration tests as well as the fully-modified OLS approach to examine the relationships among carbon dioxide (CO2) emissions, energy use and GDP for 22 OECD countries (Annex II Parties) over the 1971-2000 period. In terms of the EKC hypothesis, the results showed that a quadratic relationship was found to exist in the long run. Thus, other countries could learn from the developed countries in this regard and try to smooth the EKC curve at relatively less cost