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International Handbook on the Economics of Energy
As an essential component for economic growth, energy has a significant impact on the global economy. The need to meet growing energy demand has prompted cutting-edge innovation in clean technology in an attempt to realise environmental and cost objectives, whilst ensuring the security of energy supply. This Handbook offers a comprehensive review of the economics of energy, including contributions from a distinguished array of international specialists. It provides a thorough discussion of the major research issues in this topical field of economics.
More Information
Contributors
Contents
More Information
As an essential component for economic growth, energy has a significant impact on the global economy. The need to meet growing energy demand has prompted cutting-edge innovation in clean technology in an attempt to realise environmental and cost objectives, whilst ensuring the security of energy supply. This Handbook offers a comprehensive review of the economics of energy, including contributions from a distinguished array of international specialists. It provides a thorough discussion of the major research issues in this topical field of economics.
Themes addressed include the theory of energy supply, demand and policy, empirical modelling of energy demand, holistic energy models, an analysis of coal, gas, electricity, oil and the ‘markets’ within which they operate, and a discussion of the current key energy policy issues. The topics of pricing, transmission, regulation, security, energy efficiency, new technologies and climate change are also discussed.
The International Handbook on the Economics of Energy presents a comprehensive overview of the state-of-the-art research making it an indispensable reference for researchers, advanced students, practitioners and policy-makers alike.
Themes addressed include the theory of energy supply, demand and policy, empirical modelling of energy demand, holistic energy models, an analysis of coal, gas, electricity, oil and the ‘markets’ within which they operate, and a discussion of the current key energy policy issues. The topics of pricing, transmission, regulation, security, energy efficiency, new technologies and climate change are also discussed.
The International Handbook on the Economics of Energy presents a comprehensive overview of the state-of-the-art research making it an indispensable reference for researchers, advanced students, practitioners and policy-makers alike.
Contributors
Contributors: G. Allan, C. Bataille, S. Blumsack, G. Borges da Silveira, A. de Oliveira, P. Ekins, J. Evans, M. Farsi, M. Filippini, R. Fouquet, C.W. Frei, D. Garis, L. Getachew, M. Gilmartin, R.L. Gordon, P.W. Graham, L.A. Greening, L.C. Hunt, H.G. Huntington, M. Jaccard, R. Kannan, C. Kemfert, L. Losekann, M.N. Lowry, R. Madlener, P. McGregor, K.B. Medlock III, C. Nakhle, D. Perekhodtsev, A. Plourde, L.J. Reedman, R.D. Ripple, J. Rosellón, D.L. Ryan, H. Saunders, S. Sorrell, N. Strachan, I. Sue Wing, J.K. Swales, T. Truong, K. Turner, W.D. Walls, T. Weyman-Jones, D. Young
Contents
Contents:
Introduction
Joanne Evans and Lester C Hunt
1. A Brief History of Energy
Roger Fouquet
2. The Theory of Energy Economics: An Overview
Thomas Weyman-Jones
3. The Economics of Energy Supply
Kenneth B. Medlock III
4. The Theory and Practice of Energy Policy
Richard L. Gordon
5. Energy Demand Theory
Kenneth B. Medlock III
6. Empirical Modelling of Energy Demand
David L. Ryan and André Plourde
7. Economics of Energy Efficiency
Grant Allan, Michelle Gilmartin, Peter McGregor, J. Kim Swales and Karen Turner
8. Theoretical Foundations of the Rebound Effect
Harry Saunders
9. The Rebound Effect: Definition and Estimation
Steve Sorrell
10. Modelling Energy Savings and Environmental Benefits from Energy Policies and New Technologies
David L. Ryan and Denise Young
11. Bottom-up Models of Energy: Across the Spectrum
Lorna A. Greening and Chris Bataille
12. The Structure and Use of the UK MARKAL Model
Ramachandran Kannan, Paul Ekins and Neil Strachan
13. Combining Top Down and Bottom Up in Energy Economy Models
Mark Jaccard
14. Computable General Equilibrium Models for the Analysis of Energy and Climate Policies
Ian Sue Wing
15. Energy–Economy–Environment Modelling: A Survey
Claudia Kemfert and Truong Truong
16. The Oil Security Problem
Hillard G. Huntington
17. Petroleum Taxation
Carole Nakhle
18. The Behaviour of Petroleum Markets: Fundamentals and Psychologicals in Price Discovery and Formation
Dalton Garis
19. The Prospects for Coal in the Twenty-first Century
Richard L. Gordon
20. Natural Gas and Electricity Markets
W.D. Walls
21. Incentive Regulation of Energy Networks
Thomas Weyman-Jones
22. The Economics and Regulation of Power Transmission and Distribution: The Developed World Case
Lullit Getachew and Mark N. Lowry
23. The Market Structure of the Power Transmission and Distribution Industry in the Developed World
Lullit Getachew
24. Mechanisms for the Optimal Expansion of Electricity Transmission Networks
Juan Rosellón
25. Efficiency Measurement in the Electricity and Gas Distribution Sectors
Mehdi Farsi and Massimo Filippini
26. Wholesale Electricity Markets and Generators’ Incentives: An International Review
Dmitri Perekhodtsev and Seth Blumsack
27. Security of Supply in Large Hydropower Systems: The Brazilian Case
Luciano Losekann, Adilson de Oliveira and Getúlio Borges da Silveira
28. Electricity Retail Competition and Pricing: An International Review
Seth Blumsack and Dmitri Perekhodtsev
29. Emissions Trading and the Convergence of Electricity and Transport Markets in Australia
Luke J. Reedman and Paul W. Graham
30. International Energy Derivatives Markets
Ronald D. Ripple
31. The Economics of Energy in Developing Countries
Reinhard Madlener
33. Energy Vision to Address Energy Security and Climate Change
Christoph W. Frei
33. Current Issues in the Design of Energy Policy
Thomas Weyman-Jones
Index
Introduction
Joanne Evans and Lester C Hunt
1. A Brief History of Energy
Roger Fouquet
2. The Theory of Energy Economics: An Overview
Thomas Weyman-Jones
3. The Economics of Energy Supply
Kenneth B. Medlock III
4. The Theory and Practice of Energy Policy
Richard L. Gordon
5. Energy Demand Theory
Kenneth B. Medlock III
6. Empirical Modelling of Energy Demand
David L. Ryan and André Plourde
7. Economics of Energy Efficiency
Grant Allan, Michelle Gilmartin, Peter McGregor, J. Kim Swales and Karen Turner
8. Theoretical Foundations of the Rebound Effect
Harry Saunders
9. The Rebound Effect: Definition and Estimation
Steve Sorrell
10. Modelling Energy Savings and Environmental Benefits from Energy Policies and New Technologies
David L. Ryan and Denise Young
11. Bottom-up Models of Energy: Across the Spectrum
Lorna A. Greening and Chris Bataille
12. The Structure and Use of the UK MARKAL Model
Ramachandran Kannan, Paul Ekins and Neil Strachan
13. Combining Top Down and Bottom Up in Energy Economy Models
Mark Jaccard
14. Computable General Equilibrium Models for the Analysis of Energy and Climate Policies
Ian Sue Wing
15. Energy–Economy–Environment Modelling: A Survey
Claudia Kemfert and Truong Truong
16. The Oil Security Problem
Hillard G. Huntington
17. Petroleum Taxation
Carole Nakhle
18. The Behaviour of Petroleum Markets: Fundamentals and Psychologicals in Price Discovery and Formation
Dalton Garis
19. The Prospects for Coal in the Twenty-first Century
Richard L. Gordon
20. Natural Gas and Electricity Markets
W.D. Walls
21. Incentive Regulation of Energy Networks
Thomas Weyman-Jones
22. The Economics and Regulation of Power Transmission and Distribution: The Developed World Case
Lullit Getachew and Mark N. Lowry
23. The Market Structure of the Power Transmission and Distribution Industry in the Developed World
Lullit Getachew
24. Mechanisms for the Optimal Expansion of Electricity Transmission Networks
Juan Rosellón
25. Efficiency Measurement in the Electricity and Gas Distribution Sectors
Mehdi Farsi and Massimo Filippini
26. Wholesale Electricity Markets and Generators’ Incentives: An International Review
Dmitri Perekhodtsev and Seth Blumsack
27. Security of Supply in Large Hydropower Systems: The Brazilian Case
Luciano Losekann, Adilson de Oliveira and Getúlio Borges da Silveira
28. Electricity Retail Competition and Pricing: An International Review
Seth Blumsack and Dmitri Perekhodtsev
29. Emissions Trading and the Convergence of Electricity and Transport Markets in Australia
Luke J. Reedman and Paul W. Graham
30. International Energy Derivatives Markets
Ronald D. Ripple
31. The Economics of Energy in Developing Countries
Reinhard Madlener
33. Energy Vision to Address Energy Security and Climate Change
Christoph W. Frei
33. Current Issues in the Design of Energy Policy
Thomas Weyman-Jones
Index
