Under traditional (cost-of-service) electric utility regulation, regulated utilities may not recover their fixed costs when their sales are lower than expected. Revenue decoupling (RD) is
Trade barriers due to transport costs are as large as those due to tariffs. This paper incorporates the transport sector into a standard model of international
The economic environment for electric utilities is changing in the United States given increased penetration of distributed generation and limited rooms for sales growth. This
Dynamic externalities are at the core of many long-term environmental problems, from species preservation to climate change mitigation. We use laboratory experiments to compare welfare
A number of studies have estimated how much energy conservation is achieved by providing households with real-time information on energy use via in-home displays. However, none of
We consider payment schemes in experiments that model infinite-horizon games by using random termination. We compare paying subjects cumulatively for all periods of the game;
This paper develops a model of invasive species control when the species’ population size is unknown. In the face of an uncertain population size, a