nep-reg New Economics Papers
on Regulation
Issue of 2014‒10‒17
seven papers chosen by
Natalia Fabra
Universidad Carlos III de Madrid
  1. Dynamic Game of Transboundary Pollution Regulation and Strategic Abatement By Victoria Umanskaya; Charles Mason; Edward Barbier
  2. Reducing Deforestation and Trading Emissions: Carbon Market Impacts of post-Kyoto Climate Policies By Niels ANGER; Jayant SATHAYE
  3. Electricity Consumption and Economic Growth: Evidence from Spain By Aitor Ciarreta; Ainhoa Zarraga
  4. Forecasting electricity spot prices using time-series models with a double temporal segmentation By Marie Bessec; Julien Fouquau; Sophie Meritet
  5. Public transport reliability and commuter strategy By Guillaume Monchambert; André De Palma
  6. Analysis of International Emissions Trading System Applying Multi-Agent Model By Kenichi Matsumoto
  7. Technology Shocks and Directed Environmental Policy - The Case of CO2 Capture and Storage By Andreas Löschel; Vincent M. Otto
  1. By: Victoria Umanskaya; Charles Mason; Edward Barbier
    URL: http://d.repec.org/n?u=RePEc:ekd:000240:24000063&r=reg
  2. By: Niels ANGER; Jayant SATHAYE
    URL: http://d.repec.org/n?u=RePEc:ekd:000238:23800003&r=reg
  3. By: Aitor Ciarreta; Ainhoa Zarraga
    URL: http://d.repec.org/n?u=RePEc:ekd:000240:24000009&r=reg
  4. By: Marie Bessec; Julien Fouquau; Sophie Meritet
    Abstract: The French wholesale market is set to expand in the next few years under European pressure and national decisions. In this paper, we assess the forecasting ability of several classes of time series models for electricity wholesale spot prices at a day-ahead horizon in France. Electricity spot prices display a strong seasonal pattern, particularly in France given the high share of electric heating in housing during winter time. To deal with this pattern, we implement a double temporal segmentation of the data. For each trading period and season, we use a large number of specifications based on market fundamentals: linear regressions, Markov-switching models, threshold models with a smooth transition. An extensive evaluation on French data shows that modeling each season independently leads to better results. Among non-linear models, MS models designed to capture the sudden and fast-reverting spikes in the price dynamics yield more accurate forecasts. Finally, pooling forecasts gives more reliable results.
    Keywords: Electricity spot prices, forecasting, regime-switching.
    JEL: C22 C24 Q47
    Date: 2014–09–25
    URL: http://d.repec.org/n?u=RePEc:ipg:wpaper:2014-588&r=reg
  5. By: Guillaume Monchambert (ENS Cachan - École Normale Supérieure de Cachan - École normale supérieure (ENS) - Cachan); André De Palma (ENS Cachan - École Normale Supérieure de Cachan - École normale supérieure (ENS) - Cachan)
    Abstract: This paper addresses the two-way implication between punctuality level of public transport and commuter behavior. We consider a modal competition between public transport and an alternative mode. Commuters may choose different strategies to minimize their journey cost. In particular, when the bus becomes less punctual, more potential bus users arrive late at the bus stop. We show that punctuality increases with the alternative mode fare through a price effect. This specificity can be viewed as an extension of the Mohring effect. In the general case, the punctuality of a bus is lower at equilibrium than at optimum. According to the alternative mode operating cost, the bus attracts too many (small cost) or too few (large cost) customers.
    Keywords: public transport; reliability; duopoly; welfare; Mohring e ect; schedule delay
    Date: 2014–02–15
    URL: http://d.repec.org/n?u=RePEc:hal:journl:hal-00827972&r=reg
  6. By: Kenichi Matsumoto
    URL: http://d.repec.org/n?u=RePEc:ekd:000240:24000038&r=reg
  7. By: Andreas Löschel; Vincent M. Otto
    URL: http://d.repec.org/n?u=RePEc:ekd:000240:24000034&r=reg
This nep-reg issue is ©2014 by Natalia Fabra. It is provided as is without any express or implied warranty. It may be freely redistributed in whole or in part for any purpose. If distributed in part, please include this notice.
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