Natural gas power plants can further specify their procurement contracts with pipeline distributors using a firm contract option that guarantees delivery at an additional cost. Using transaction level data from 2008-2012 we empirically test what characteristics lead to use of firm contracts and how the premium for firm contracts changes with these characteristics. Using variation in power plant...

This paper analyses both, the physical concept of Energy and its applications, from point view Human Action, or Praxeology. In this task, author applies analytical toolbox developed by Austrian School Economics. order to make analysis comprehensible, first develops an Ontological Scientific perspective, then offers a brief history utilisation human being achieve his goals. Once established depa...

This study analyzes the optimal allocation of the world’s land resources over the course of the next century within a dynamic forwardlooking framework, which brings together distinct strands of economic, agronomic, and biophysical literature and incorporates key drivers affecting global land-use. We show that, while some deforestation is optimal in the near term, the desirability of further def...

We consider a situation where an exhaustible-resource seller faces demand from a buyer who has a perfect substitute but there is a time-to-build delay for the substitute. We nd that in this simple framework the basic implications of the Hotelling model (1931) are reversed: over time the stock declines but supplies increase up to the point where the buyer decides to switch. Under such a threat o...

This paper examines empirically whether nonlinearities play a significant role in the modeling of the carbon price. We highlight the limits of previous carbon markets analyses based essentially on a linear econometric framework. Instead, we propose to revisit the main results on carbon pricing and the inter-relationships with energy markets and CERs based on nonlinear techniques (threshold vect...

The commercial real estate sector is responsible for a large share of a city’s overall carbon footprint. An ongoing trend in this sector has been the entry of big-box stores such as Wal-Mart. Using a unique monthly panel data set for every Wal-Mart store in California from 2006 through 2011, we document three main findings about the environmental performance of big-box retailers. First, Wal-Mar...

When should a buyer of an exhaustible resource move to a substitute if only the seller knows the exact size of the remaining resource stock? We characterize stationary dynamic signalling equilibrium of this Coasian bargaining problem, and find that adjustment delays in ending the relationship and the degree of asymmetric information shape the equilibrium outcome. The Coase conjecture —the infor...

Our research aims to determine the effect of electricity distribution and energy consumption on industrial development dynamics that occur between regions in Indonesia by adding investment inflation as control variables. The analysis tools we use are static (Fixed Effect) dynamic (GMM) panel data model with a dataset 34 provinces for 2012-2019 period. results state has significant positive indu...

This paper analyzes the impact of carbon taxes on the Japanese economy using an applied/computable general equilibrium model. This analysis sheds light on both the efficiency and the equity issues of these policies. The study shows that some alleviation measures, e.g. tax differentiation, might be required to ease the damages caused to energy intensive industries. Moreover, considering the regr...