A key aspect of sustainable development in a country is how energy, environment and economic sectors interact. Greenhouse gas emissions and their impacts are among important environmental issues that have been in focus. The increase in the concentration of these gases in atmosphere to levels above the natural level results in global warming, depletion of the Earth’s protective layer against har...

This paper addresses the possibility of capacity withholding by energy producers, who seek to increase the market price and their own profits. The energy market is simulated as an iterative game, where each state game corresponds to an hourly energy auction with uniform pricing mechanism. The producers are modeled as agents that interact with their environment through reinforcement learning (RL...

the paper presents an analysis of both energy intensity and energy demand for the italianindustrial sector. the aim of the paper is twofold: making a decomposition of energy intensity at the aggregate level and modeling energy demand at the firm level. the decomposition of energy intensity shows different patterns for the different sub-sectors in the period of interest. in the micro approach, p...

This paper proposes a theory of supply shocks, or shifts in the short-run Phillips curve, based on relative-price changes and frictions in nominal price adjustment. When price adjustment is costly, firms adjust to large shocks but not to small shocks, and so large shocks have disproportionate effects on the price level. Therefore, aggregate inflation depends on the distribution of relative-pric...

abstract: on december 2010, the government of iran ended the decades-long subsidy program for bread and energy products and launched the targeted subsidy reform program that considerably raised prices of food products. the objective of the study was to measure welfare impacts of food price changes on iranian urban households between two survey data of 2009/10 and 2011/12 which were taken from i...