Source Themes

Long-run price elasticities and mechanisms: Empirical evidence from residential electricity consumers (Job Market Paper)

Long-run elasticities are difficult to empirically estimate, and credible quasi-experimental estimates of long-run elasticities are rare, especially in the energy economics literature. However, long-run elasticities are crucial for calculating …

Spillovers from Ancillary Services to Wholesale Power Markets: Implications for Climate Policy

In electricity markets, generators are rewarded both for providing energy and for enabling grid reliability. The two functions are compensated in separate markets: energy markets and ancillary services markets. We provide evidence of changes in the …