This fine collection of original essays is in recognition of Colin Robinson, who has been at the forefront of thinking in energy economics for over 30 years. Energy in a Competitive Market brings together both prominent academics and practitioners to honour his outstanding and unique contribution.
The authors cover a wide and fascinating selection of topics incorporating the whole spectrum of energy economics. In doing so, they examine the belief that markets are the key to the effective allocation of resources, a notion which arguably applies as much to energy as it does to any other commodity. In particular, they focus on several pertinent issues including:
* competition and regulation in gas and electricity
* comparative efficiency analysis (yardstick competition) in electricity regulation
* UK coal in competitive markets
* vertical integration in the oil industry
* cluster developments in the UK continental shelf
* modelling underlying energy demand trends
* emissions targets, environmental Kuznets curves and incentive mechanisms.
Colin Robinson's work on the economics of energy has influenced the thinking of academics, researchers and policymakers alike. This book, in his honour, will undoubtedly do the same.
Edited by Lester C. Hunt, Professor and Head of Economics and Finance, University of Portsmouth, UK
Contents: Introduction 1. Electricity and Gas Regulation in Great Britain: The End of an Era 2. Yardstick Competition and Comparative Performance Measures in Practice 3. Yardstick Competition and Efficiency Benchmarking in Electricity Distribution 4. The Swiss Electricity Industry and the Regulation of Distribution Prices 5. Efficiency and Performance in the Gas Industry 6. UK Coal in Competitive Energy Markets 7. Economists and the Oil Industry: Facts versus Analysis, the Case of Vertical Integration 8. The Economics of Field Cluster Developments in the UK Continental Shelf 9. Modelling Underlying Energy Demand Trends 10. Long-run Carbon Dioxide Emissions and Environmental Kuznets Curves: Different Pathways to Development? 11. UK Emissions Targets: Modelling Incentive Mechanisms Index