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Essays on Industrial Organization in Energy Markets
Essays on Industrial Organization in Energy Markets
상세정보
- 자료유형
- 학위논문 서양
- 최종처리일시
- 20250211151146
- ISBN
- 9798382341958
- DDC
- 621
- 저자명
- Mu, Tianshi.
- 서명/저자
- Essays on Industrial Organization in Energy Markets
- 발행사항
- [Sl] : Georgetown University, 2024
- 발행사항
- Ann Arbor : ProQuest Dissertations & Theses, 2024
- 형태사항
- 213 p
- 주기사항
- Source: Dissertations Abstracts International, Volume: 85-11, Section: B.
- 주기사항
- Advisor: Rust, John;Miller, Nathan H.
- 학위논문주기
- Thesis (Ph.D.)--Georgetown University, 2024.
- 초록/해제
- 요약The speed at which electricity generation can transition to green energy sources depends in part on the incentives of coal and natural gas plants to enter or exit. Chapter 1 of this dissertation examines how the design of government subsidies and the costs of renewables shape those strategies. To do so, I formulate a nonstationary dynamic model of generator entry and exit that incorporates heterogeneity in entry costs and nests it within a dynamic, hourly model of competition in the wholesale electricity market. I estimate the model using data from Texas. I find that renewable subsidies in place in 2005-20 reduce cumulative CO2 emissions by 1.71 billion tons through 2060, largely because of a dynamic mechanism: they shift expectations about future competition and thereby reduce the entry of new coal plants very early in the transition. I further show that, by leveraging the dynamic mechanism, a short-horizon subsidy can more effectively reduce carbon emissions with less tax burden by bunching more wind investment and intensifying competition earlier for coal power plants.Chapter 2 of this dissertation, co-authored with Xincheng Qiu and Chenyu Yang, studies the impacts of a large-scale but short-lived industrial policy in China's coal market. In 2016, major coal-producing provinces in China, the world's largest producer and consumer of coal, reduced coal mining capacity by 16%, triggering a 60% price surge. We estimate a parsimonious model of China's coal demand and supply to quantify the impact of the policy. We find that the policy reduces consumer surplus by 157.8 billion RMB and increases producer surplus by 176.5 billion RMB. Environmental costs for domestic residents are reduced by 4.46-13.54 billion RMB and the policy generates global environmental benefits from reducing CO2 emissions by 53.82-414.94 billion RMB.
- 일반주제명
- Energy
- 키워드
- Carbon emissions
- 키워드
- Coal
- 키워드
- Dynamics
- 키워드
- Electricity
- 기타저자
- Georgetown University Economics
- 기본자료저록
- Dissertations Abstracts International. 85-11B.
- 전자적 위치 및 접속
- 로그인 후 원문을 볼 수 있습니다.
MARC
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■00520250211151146
■006m o d
■007cr#unu||||||||
■020 ▼a9798382341958
■035 ▼a(MiAaPQ)AAI31234930
■040 ▼aMiAaPQ▼cMiAaPQ
■0820 ▼a621
■1001 ▼aMu, Tianshi.▼0(orcid)0009-0007-3089-2723
■24510▼aEssays on Industrial Organization in Energy Markets
■260 ▼a[Sl]▼bGeorgetown University▼c2024
■260 1▼aAnn Arbor▼bProQuest Dissertations & Theses▼c2024
■300 ▼a213 p
■500 ▼aSource: Dissertations Abstracts International, Volume: 85-11, Section: B.
■500 ▼aAdvisor: Rust, John;Miller, Nathan H.
■5021 ▼aThesis (Ph.D.)--Georgetown University, 2024.
■520 ▼aThe speed at which electricity generation can transition to green energy sources depends in part on the incentives of coal and natural gas plants to enter or exit. Chapter 1 of this dissertation examines how the design of government subsidies and the costs of renewables shape those strategies. To do so, I formulate a nonstationary dynamic model of generator entry and exit that incorporates heterogeneity in entry costs and nests it within a dynamic, hourly model of competition in the wholesale electricity market. I estimate the model using data from Texas. I find that renewable subsidies in place in 2005-20 reduce cumulative CO2 emissions by 1.71 billion tons through 2060, largely because of a dynamic mechanism: they shift expectations about future competition and thereby reduce the entry of new coal plants very early in the transition. I further show that, by leveraging the dynamic mechanism, a short-horizon subsidy can more effectively reduce carbon emissions with less tax burden by bunching more wind investment and intensifying competition earlier for coal power plants.Chapter 2 of this dissertation, co-authored with Xincheng Qiu and Chenyu Yang, studies the impacts of a large-scale but short-lived industrial policy in China's coal market. In 2016, major coal-producing provinces in China, the world's largest producer and consumer of coal, reduced coal mining capacity by 16%, triggering a 60% price surge. We estimate a parsimonious model of China's coal demand and supply to quantify the impact of the policy. We find that the policy reduces consumer surplus by 157.8 billion RMB and increases producer surplus by 176.5 billion RMB. Environmental costs for domestic residents are reduced by 4.46-13.54 billion RMB and the policy generates global environmental benefits from reducing CO2 emissions by 53.82-414.94 billion RMB.
■590 ▼aSchool code: 0076.
■650 4▼aEnergy
■653 ▼aCarbon emissions
■653 ▼aCoal
■653 ▼aDynamics
■653 ▼aElectricity
■653 ▼aRenewable subsidies
■653 ▼aSpatial competition
■690 ▼a0501
■690 ▼a0635
■690 ▼a0791
■71020▼aGeorgetown University▼bEconomics.
■7730 ▼tDissertations Abstracts International▼g85-11B.
■790 ▼a0076
■791 ▼aPh.D.
■792 ▼a2024
■793 ▼aEnglish
■85640▼uhttp://www.riss.kr/pdu/ddodLink.do?id=T17160986▼nKERIS▼z이 자료의 원문은 한국교육학술정보원에서 제공합니다.
