Just as free trade in goods offers opportunities for efficiency gains, electricity transmission infrastructure facilitates exchange in electricity markets. The first-order effects of geographic integration in electricity markets are straightforward – allocation of production across firms is improved, so lower cost generating resources can be used to meet demand.
The value of transmission in electricity markets: Evidence from a nuclear power plant closure
Lucas W. Davis, Catherine Hausman, 16 June 2014
Aligning energy markets and climate-policy objectives in the EU
Carlo Carraro, Thomas Longden, Giacomo Marangoni, Massimo Tavoni, 27 November 2013
Europe’s commitment to reducing greenhouse-gas emissions has not prevented the paradoxical situation of a revival of coal imports and a reduction of gas consumption. This article reviews recent work on the appropriate measures that need to be implemented to move European energy markets closer to the energy mix consistent with climate-policy targets.
Are property values affected by concerns over groundwater contamination from shale?
Lucija Muehlenbachs, Beia Spiller, Christopher Timmins, 29 September 2012
A recent increase in the extraction of natural gas and oil using unconventional methods has transformed communities and landscapes. Shale gas extraction has grown rapidly in recent years thanks to developments in hydraulic fracturing and horizontal drilling.
- A tale of two depressions: What do the new data tell us? February 2010 updateEichengreen, O’Rourke
- Educated in America: College graduates and high school dropoutsHeckman, LaFontaine
- Eurozone breakup would trigger the mother of all financial crisesEichengreen
- Panic-driven austerity in the Eurozone and its implicationsDe Grauwe, Ji
- Debt, deleveraging, and the liquidity trap: A new modelKrugman
Cadot, de Melo, 16 June 2014