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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.
Edited by Joanne Evans, Lecturer in Economics, University of Surrey and Lester C. Hunt, Professor and Head of Economics and Finance, University of Portsmouth, UK
Contents:IntroductionJoanne Evans and Lester C Hunt1. A Brief History of EnergyRoger Fouquet2. The Theory of Energy Economics: An OverviewThomas Weyman-Jones3. The Economics of Energy SupplyKenneth B. Medlock III4. The Theory and Practice of Energy PolicyRichard L. Gordon 5. Energy Demand TheoryKenneth B. Medlock III6. Empirical Modelling of Energy DemandDavid L. Ryan and André Plourde7. Economics of Energy EfficiencyGrant Allan, Michelle Gilmartin, Peter McGregor, J. Kim Swales and Karen Turner8. Theoretical Foundations of the Rebound EffectHarry Saunders9. The Rebound Effect: Definition and EstimationSteve Sorrell10. Modelling Energy Savings and Environmental Benefits from Energy Policies and New TechnologiesDavid L. Ryan and Denise Young11. Bottom-up Models of Energy: Across the SpectrumLorna A. Greening and Chris Bataille12. The Structure and Use of the UK MARKAL ModelRamachandran Kannan, Paul Ekins and Neil Strachan13. Combining Top Down and Bottom Up in Energy Economy ModelsMark Jaccard14. Computable General Equilibrium Models for the Analysis of Energy and Climate PoliciesIan Sue Wing15. Energy–Economy–Environment Modelling: A SurveyClaudia Kemfert and Truong Truong16. The Oil Security ProblemHillard G. Huntington17. Petroleum TaxationCarole Nakhle18. The Behaviour of Petroleum Markets: Fundamentals and Psychologicals in Price Discovery and FormationDalton Garis19. The Prospects for Coal in the Twenty-first CenturyRichard L. Gordon20. Natural Gas and Electricity MarketsW.D. Walls21. Incentive Regulation of Energy NetworksThomas Weyman-Jones22. The Economics and Regulation of Power Transmission and Distribution: The Developed World CaseLullit Getachew and Mark N. Lowry23. The Market Structure of the Power Transmission and Distribution Industry in the Developed WorldLullit Getachew24. Mechanisms for the Optimal Expansion of Electricity Transmission NetworksJuan Rosellón25. Efficiency Measurement in the Electricity and Gas Distribution SectorsMehdi Farsi and Massimo Filippini26. Wholesale Electricity Markets and Generators’ Incentives: An International ReviewDmitri Perekhodtsev and Seth Blumsack27. Security of Supply in Large Hydropower Systems: The Brazilian CaseLuciano Losekann, Adilson de Oliveira and Getúlio Borges da Silveira28. Electricity Retail Competition and Pricing: An International ReviewSeth Blumsack and Dmitri Perekhodtsev 29. Emissions Trading and the Convergence of Electricity and Transport Markets in AustraliaLuke J. Reedman and Paul W. Graham30. International Energy Derivatives MarketsRonald D. Ripple31. The Economics of Energy in Developing CountriesReinhard Madlener33. Energy Vision to Address Energy Security and Climate ChangeChristoph W. Frei33. Current Issues in the Design of Energy PolicyThomas Weyman-JonesIndex
