Center for Energy and Environmental Policy Research: Recent submissions

Now showing items 118-120 of 334

    • The electric power industry : deregulation and market structure 

      Thomson, Robert George (MIT Center for Energy and Environmental Policy Research, 1995)
      The US electricity industry currently consists of vertically integrated regional utilities welding monopolistic power over their own geographic markets under the supervision of state and federally appointed regulators. ...

    • Sunk costs and sunk benefits in environmental policy : I. basic theory 

      Pindyck, Robert S. (MIT Center for Energy and Environmental Policy Research, 1995)
      The standard framework in which economists evaluate environmental policies is cost-benefit analysis, so that policy debates usually focus on expected costs and benefits, or on the choice of discount rate. But this framework ...

    • The new option view of investment 

      Dixit, Avinash K.; Pindyck, Robert S. (MIT Center for Energy and Environmental Policy Research, 1995)
      This paper provides a simple introduction to the new option view of investment. We explain the shortcomings of the orthodox theory, and then outline the basic ideas behind the option framework. Several industry examples ...