Search results for ""author paul l. joskow""

This major volume presents a collection of classic articles on economic regulation and its reform. The topics covered include the political economy of regulation, efficient pricing for regulated firms, incentive regulation, the empirical effects of economic regulation in practice and network access pricing for competitive entrants.Economic Regulation will be an essential source of reference for scholars and students of industrial organization, including natural monopoly regulation, regulatory reform and deregulation.

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This two-volume collection presents the most important recent articles on empirical issues in industrial organization, related primarily to the analysis of imperfect competition. The papers cover empirical analysis of non-cooperative and cooperative oligopoly, auctions, differentiated product markets, dynamic competition and entry, plus selected work on innovation, vertical contractual relationships, and incentive issues. New research in these areas relies on detailed data for specific industries, typically integrates modern imperfect competition theory into the empirical specifications, commonly uses structural empirical models derived directly from microeconomic theory, and applies modern econometric techniques. This work and the associated techniques play an increasingly important role in antitrust policy, market design and in newly deregulated markets. This collection provides an easily accessible source of the key papers on these topics, which are otherwise not readily available. Empirical Industrial Organization will be of interest to policymakers as well as academics and students.

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With twenty-two chapters written by leading international experts, this volume represents the most detailed and comprehensive Handbook on electricity markets ever published.It covers all dimensions of electricity markets: wholesale and retail; renewable electricity sources; the electrification of mobility, heating and cooling; and recent innovations such as distributed generation, electrical energy storage, demand response and digital platforms that are disrupting the industry.The benefits, as well as the limits, of open markets and competition are assessed at the level of underlying principles and with reference to specific cases, including the UK, PJM Interconnection, Texas, Australia, Scandinavia, continental Europe and China.The details of electricity market designs are analysed and discussed. The book also considers new emerging business models, as well as the impact of electricity sector policy priorities such as universal access and deep decarbonization.This Handbook is intended to be used and useful. Students and young professionals will find the information they need to enter the field. Researchers, experienced professionals and public decision-makers will get a comprehensive update on the topical issues in electricity markets that will guide them through the important developments the sector is witnessing.

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With twenty-two chapters written by leading international experts, this volume represents the most detailed and comprehensive Handbook on electricity markets ever published.It covers all dimensions of electricity markets: wholesale and retail; renewable electricity sources; the electrification of mobility, heating and cooling; and recent innovations such as distributed generation, electrical energy storage, demand response and digital platforms that are disrupting the industry.The benefits, as well as the limits, of open markets and competition are assessed at the level of underlying principles and with reference to specific cases, including the UK, PJM Interconnection, Texas, Australia, Scandinavia, continental Europe and China.The details of electricity market designs are analysed and discussed. The book also considers new emerging business models, as well as the impact of electricity sector policy priorities such as universal access and deep decarbonization.This Handbook is intended to be used and useful. Students and young professionals will find the information they need to enter the field. Researchers, experienced professionals and public decision-makers will get a comprehensive update on the topical issues in electricity markets that will guide them through the important developments the sector is witnessing.

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