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Regulation of energy markets = econo...

Mulder, Machiel.

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Regulation of energy markets = economic mechanisms and policy evaluation /

紀錄類型:	書目-電子資源 : Monograph/item
正題名/作者:	Regulation of energy markets/ by Machiel Mulder.
其他題名:	economic mechanisms and policy evaluation /
作者:	Mulder, Machiel.
出版者:	Cham :Springer International Publishing : : 2023.,
面頁冊數:	xxviii, 390 p. :ill., digital ;24 cm.
內容註:	Economic Analysis of Energy Markets: An Introduction -- Energy Carriers and Supply Chains -- Energy Markets and Energy Policies -- Microeconomic Perspective on Regulating Energy Markets -- Information Asymmetry in Retail Energy Markets -- Natural Monopoly in Transport and Distribution -- Reliability of Energy Supply as Semi-Public Good -- Externalities in Production and Consumption in Energy Markets -- Market Power in Wholesale and Retail Energy Markets -- International Restrictions on Trade in Energy -- Distributional Effects and Equity Concerns in Energy Markets -- Regulating Energy Markets: Concluding Remarks.
Contained By:	Springer Nature eBook
標題:	Electric utilities - Government policy. -
電子資源:	https://doi.org/10.1007/978-3-031-16571-9
ISBN:	9783031165719

Regulation of energy markets = economic mechanisms and policy evaluation /
Mulder, Machiel.

Regulation of energy marketseconomic mechanisms and policy evaluation /[electronic resource] :by Machiel Mulder. - Second edition. - Cham :Springer International Publishing :2023. - xxviii, 390 p. :ill., digital ;24 cm. - Lecture notes in energy,v. 802195-1292 ;. - Lecture notes in energy ;v. 80..

Economic Analysis of Energy Markets: An Introduction -- Energy Carriers and Supply Chains -- Energy Markets and Energy Policies -- Microeconomic Perspective on Regulating Energy Markets -- Information Asymmetry in Retail Energy Markets -- Natural Monopoly in Transport and Distribution -- Reliability of Energy Supply as Semi-Public Good -- Externalities in Production and Consumption in Energy Markets -- Market Power in Wholesale and Retail Energy Markets -- International Restrictions on Trade in Energy -- Distributional Effects and Equity Concerns in Energy Markets -- Regulating Energy Markets: Concluding Remarks.

This textbook explains the main economic mechanisms behind energy markets and assesses how governments can implement policies to improve these markets' performance. Adopting a microeconomic perspective, it systematically analyses the various types of market failures on the electricity and gas markets as well as coal, oil, hydrogen and heat markets in order to identify government policies that can improve welfare. Critical factors in this regard include the natural monopoly and the public-goods character of energy infrastructures; market power structures resulting from inflexibility of supply and demand; international trade restrictions; negative externalities concerning the use of fossil energy; positive externalities concerning innovative new energy technologies; information asymmetries with regard to the product characteristics of energy commodities; and other public concerns, such as energy poverty. In turn, readers will learn about various measures that governments can use to address these market failures, including incentive regulations for electricity grids; international integration of wholesale energy markets; environmental regulatory measures like emissions trading schemes; subsidy schemes for new technologies; green-energy certificate schemes; and energy taxes. This second, updated and expanded edition addresses recent developments in international energy markets that have resulted in extremely high prices and concerns about the markets' ability of to provide a secure energy supply. Further, it examines several countries' intensified measures to implement the transition to a low-carbon energy system. Given its scope, the book will appeal to upper-undergraduate and graduate students from various disciplines who want to learn more about the economics and regulation of energy systems and markets. "Given Mulder's experience in government and academia, he provides a novel contribution to the literature by systematically analyzing different types of market failures and potential remedies offered by economic theory. Overall, Mulder's textbook should be a valuable reference for students and energy policy analysts." (J. Wesley Burnett, The Energy Journal, Vol. 43, Number 3)

ISBN: 9783031165719

Standard No.: 10.1007/978-3-031-16571-9doiSubjects--Topical Terms:

1530683
Electric utilities
--Government policy.

LC Class. No.: HD9502.A2 / M85 2023

Dewey Class. No.: 343.0929

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