Showing papers in "Energy Economics in 2001"

TL;DR: Using a multivariate vector-autoregression approach, this paper tried to shed light into the dynamic relationship among oil prices, real stock prices, interest rates, real economic activity and employment for Greece.

TL;DR: In this paper, the authors used a multifactor market model to estimate the expected returns to Canadian oil and gas industry stock prices, and showed that exchange rates, crude oil prices and interest rates each have large and significant impacts on stock price returns in the Canadian Oil and Gas industry.

TL;DR: In this paper, the authors identify the factors that determine the investment behavior of firms, their attitude towards various types of energy policy, and their responsiveness to changes in environmental policy in the Netherlands.

TL;DR: In this article, the authors used the GARCH properties of oil price changes to forecast the oil price distribution over short-term horizons, based on the bootstrap approach, and the results of an out-of-sample forecasting exercise, carried out using the Brent oil price series, suggest that the forecasting approach can be used to obtain a performance measure for the forward price, in addition to compute interval forecasts for the oil prices.

TL;DR: In this paper, the authors explored the contribution of the effects of learning and returns to scale in the capital costs reduction pattern experienced by renewable energy technologies, and the existence of non-constant and flexible return to scale is further highlighted.

TL;DR: The authors investigated the information transmission mechanism by looking at spillover effects and identifying which market is the true price leader in the energy market, and found that substantial spillover effect does exist when both markets are trading simultaneously, although IPE morning prices seem to be considerably affected by the close of the previous day on NYMEX.

TL;DR: In this article, the authors test for the presence of low-dimensional chaotic structure in crude oil, heating oil, and unleaded gasoline futures prices from the early 1980s and find strong evidence of non-linear dependencies, but the evidence is not consistent with chaos.

TL;DR: The objective is to investigate the relationship between these markets under the existence of upper and lower price-bounds on the Green certificates, both in the short and in the long run.

TL;DR: In this paper, the authors analyzed the effects of policy measures aimed at reducing the consumption of energy for space heating in apartment blocks from Denmark, finding that building regulations have been important in reducing energy consumption in new buildings and that conditional price responses are relatively small or non-existent.

TL;DR: This new approach provides a partial reconciliation of top-down and bottom-up methods, which proves to be very useful for policy analysis.

TL;DR: In this article, the authors used a CGE model to evaluate methods of allocating permits within the UK auctioning is broadly similar to a carbon tax, with revenues recycled to reduce other distortions.

TL;DR: In this article, the authors examined the problems that arise in cross-country/region decomposition of CO2 emission data and concluded that the conventional decomposition methods are not effective in cross country/region studies as they tend to leave a large residual.

TL;DR: In this paper, an average-cost function for a panel of 59 local and regional electricity distribution utilities as a basis for yardstick regulation of the distribution-network access prices is presented.

TL;DR: In this paper, the simultaneous determination of supply, demand and price in the competitive Norwegian electricity market is analyzed, using weekly data from 1994 to 1995 data for 1996 are used for post-sample examination of the model.

TL;DR: The authors used switching regime models along with cross-sectional data and Bayesian Markov chain Monte Carlo methods to test empirically the existence of an environmental Kuznets curve (EKC).

TL;DR: In this article, the authors used a stochastic frontier approach to analyse the technical change in the post-privatisation period in the gas distribution sector in Argentina and found that there is both a catching up effect and a shift in the frontier, which shows that the sector as a whole improved its efficiency in the reviewed period.

TL;DR: Cumby et al. as mentioned in this paper provided a method of predicting direction of spot price movements in the natural gas market for the month succeeding from market participants positions in the futures market, which was suggested as a means for municipalities entering the Natural Gas market to improve upon their ordering of quantities of gas for the ensuing months in order to take advantage of possibly foreseeable price trends.

TL;DR: In this paper, the Adaptive Weighted Divisia rolling base year index specification is applied to carbon emissions from the residential sector for 10 OECD countries for the period 1970-1993.

TL;DR: In this paper, the authors consider the problem of an electric-power marketer offering a fixed-price forward contract to provide electricity that it purchases from a potentially volatile and unpredictable spot energy market and show how the marketer can estimate the spot price relationship between two wholesale energy markets for the purpose of cross hedging, as well as the optimal hedge and the forward contract's baseline price and risk premium.

TL;DR: In this article, the authors focus on two home appliances taken from the ‘Residential Energy Consumption Survey’ (RECS) and conclude that household demographics and product features (both observable and unobservable) in general have statistical power to explain replacement decisions over time.

TL;DR: In this article, a micro-econometric analysis of industrial companies' demand for electricity is presented, which shows that estimators of electricity demand that take account of the panel structure yield considerably lower price and production elasticities compared to estimators that do not.

TL;DR: In this paper, the authors analyzed short run interfuel substitution in west European power generation, and the impact of system load factors on fossil fuel choice, within a restricted translog cost share model.

TL;DR: In this article, a behavioral microeconomic framework was developed to analyze the impact of alternative mixes of policy reforms that eliminate existing regulatory distortions and a carbon emissions-tax on incentives to adopt energy efficient technologies and their implications for carbon emissions and output.

TL;DR: In this article, the authors describe the procedures established by the present regulation for high-tension network expansions, study its optimality and points its main problems, since consumers are not included in the mechanism, they have no way to reveal their willingness-to-pay for the investment.

TL;DR: In this paper, the authors show that carbon leakage is virtually unaffected by the presence of restrictions on the mobility of international capital and that these competitive effects are not really contingent on capital flows.

TL;DR: In this article, the authors analyzed the price dynamics of Alaska North Slope crude oil and L.A. diesel fuel prices and found that there is a strong evidence of a uni-directional causal relationship between the two prices.

TL;DR: In this article, a two-stage procedure is applied to identify factors influencing the technical efficiency of heat plants in Wielkopolska Region (Poland), and the Tobit model is used to explain the variability of the efficiency index.

TL;DR: In this article, a model of endogenous growth with an exhaustible resource, in which waste recycling increases the growth rate of total input, is presented, and a double endogenous effect emerges: (i) a direct one through technological progress; and (ii) an indirect one by means of the discovery of the new techniques of waste recycling.

TL;DR: In this article, the functional form of equilibria is explicitly determined and it is shown that there is no tendency for market prices to converge to 0 if the spread of autonomous demand increases infinitely.

TL;DR: In this paper, a computationally multi-objective programming approach and a Leontief inter-industry model are used to investigate the impact of mitigating CO 2 emissions on Taiwan's economy.