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The Electric Gini: Income Redistribution Through Energy Prices
In theory, regulators concerned about inequality will deviate from efficient two-part tariffs, charging lower-than-efficient fixed monthly fees and higher-than-efficient per-kilowatt-hour prices. To quantify that relationship, we develop a measure of the
Arik Levinson, Emilson Delfino Silva
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Environmental Accounting for Pollution in the United States Economy
Nicholas Z. Muller +2 more
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Market Impacts of a Nuclear Power Plant Closure
Lucas W. Davis, Catherine Hausman
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Energy saving may kill : evidence from the fukushima nuclear accident
American Economic Journal: Applied Economics, 2023Following the Fukushima nuclear accident, Japan gradually shut down all its nuclear power plants, causing a countrywide power shortage. In response the government launched large-scale energy-saving campaigns to reduce electricity consumption.
Takanao Tanaka
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Alert the Inert? Switching Costs and Limited Awareness in Retail Electricity Markets
American Economic Journal: Microeconomics, 2023We quantify how switching costs and limited awareness affect consumer inertia in liberalized retail electricity markets by developing and estimating a structural demand model using a novel dataset on electricity contract choices in Belgium.
Luisa Dressler, Stefan Weiergraeber
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The Costs of Misaligned Incentives: Energy Inefficiency and the Principal-Agent Problem
American Economic Journal: Economic Policy, 2023In many settings, misaligned incentives and inadequate monitoring lead employees to take self-interested actions. This paper identifies and quantifies the costs of this principal-agent problem in the context of an energy efficiency appliance replacement ...
Joshua A. Blonz
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Smart Thermostats, Automation, and Time-Varying Prices
American Economic Journal: Applied EconomicsCan automation complement economic incentives? We explore this question by randomly encouraging households to activate a feature on their existing smart thermostat that automates responsiveness to time-of-use electricity pricing.
Joshua A. Blonz +3 more
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Power Flows: Transmission Lines, Allocative Efficiency, and Corporate Profits
The American Economic ReviewAccelerated investment in electricity transmission could reduce total costs and enhance renewable integration. I document static allocative inefficiencies induced by incomplete market integration in 2 major US markets; these have risen over time and ...
Catherine Hausman
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