In this paper we deal with the European electricity market liberalization problem, formulated as a game with electricity producers as players, while the consumers’ electricity demand is exogenous. The producers maximize their profit by choosing how much electricity they will produce individually by means of electricity production available to them. The aim of the research presented in this pape...

The present article generalyses economic litterature on consumption tax incidence to general forms of consumption taxes. Previous studies were limited to the cases of per unit and ad valorem taxes. Three main contributions are provided. From a methodological point of view, the elasticity of the tax function is introduced as a new parameter to take the shape of general consumption tax schedules ...

and Applied Analysis 3 3. Equilibrium Model We consider a marketplace consisting of two types of agents: n consumers, indexed by a, and m producers, indexed by b. We denote with A = {1, . . . , n}, B = {1, . . . , m}, and J = {1, . . . , l}, respectively, sets of consumers, producers, and goods. We denote by e a and x a the nonnegative quantities of commodity j, respectively, owned and consumed...

According to International Energy Outlook 2007 the total world demand of energy is projected to increase through 2030 about 95% for the non-OECD region and 24% for OECD nations. Crude oil is one of the most critical energy commodities while with coal and natural gas are projected to provide roughly the 86% share of the total US primary energy supply in 2030. In this paper, we use wavelet neural...

This paper provides an empirical analysis of the evidence of carbon leakage from the European primary aluminium industry during the first 6 ½ years of the European Union Emissions Trading Scheme (EU ETS). The findings suggest that while rising electricity prices in several major producer countries in the EU have played a critical role in the rise in net imports of EU primary aluminium into the ...

The gross-output multifactor productivity index for U.S. food manufacturing grew 0.19 percent per year between 1975 and 1997. This productivity growth is low when compared with an estimate of 1.25 percent per year for the whole manufacturing sector. Low investment in research and development (R&D) could be one reason. Although productivity has been relatively low, food manufacturing output has ...

The analysis presented in this report was undertaken to identify those drug entities that account for a significant proportion of the retail expenditures for prescription drugs used by the elderly. Commercial data bases were used to develop fixed weight Laspeyres price indexes based specifically on drugs used in the elderly population. The indexes provide the capability to analyze price trends ...