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Energy Economics Workshop at UC3M in January 2020

EnergyEcoLab will host a one-day workshop on energy economics on January 28, 2020, at the  Universidad Carlos III de Madrid. We will have presentations and discussions about electricity markets and regulations on transport with a mix of applied theory and empirical papers.

Below is the list of presentations:

  • Estelle Cantillon (ULB): “What is price discovery achieving in the New Zealand electricity market?” (with Stefan Bergheimer and Mar Reguant)
  • François Salanié (TSE and INRA): “Tipping points, delays, and the control of catastrophes” (with Matti Liski)
  • Natalia Fabra (UC3M and CEPR): “Technology Neutral versus Technology Specific Regulation” (with Juan Pablo Montero)
  • Knut Einar Rosendahl (Norwegian University of Life Sciences): “Electricity versus hydrogen in the road transport market”
  • Stefan Lamp (TSE): “(Mis)allocation of Renewable Energy Sources” (with Mario Samano)
  • Imelda (UC3M): “Price Exposure and Market Power: Learning from Changes in Renewables´ Regulation” (with Natalia Fabra)
  • David Andrés (EUI): “Storing Power: Market Structure Matters” (with Natalia Fabra)
  • Mathias Reynaert (TSE): “Vehicle taxes’ disparate impact on domestic production: an efficient tool to favor?”

*Participation is by invitation only.

Program link.

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[Hiring!] Postdoctoral Fellowship at EnergyEcoLab

Join Us!

We are recruiting one PhD in Economics (or close to completing it) in the area of IO/Energy and Environmental Economics, to work in the project “Current Tools and Policy Challenges in Electricity Markets”, funded by the European Research Council (ERC). The project will be located at EnergyEcoLab, within Universidad Carlos III de Madrid. The position can be filled for one to three years, starting September 2020. More info can be found here.

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The 5th Annual Conference on the Economic Assessment of European Climate Policies

October 9th, 2019,

Our team member, Natalia Fabra, will participate as one of the plenary speakers in the 5th Annual Conference on the Economic Assessment of European Climate Policies, taking place at the European University Institute in Florence on 28-29 November 2019.

The conference will cover the main climate-related existing policies, at EU, national and sub-national levels and will include plenary sessions on Energy efficiency, Renewable policies, Environmental taxation, and Emission trading. Besides Natalia Fabra who will discuss about competition among renewables, there will be also Matthieu Glachant (MINES Paristech),  Stephen Smith (University College London), and Luca Taschini (Grantham Research Institute LSE and University of Verona), discussing about the industrial organization of energy savings obligations, the potential and pitfalls of instrument combinations in climate policy, and the emissions trading systems, cap adjustments, and market stability reserve.

The details can be found in https://fsr.eui.eu/event/fsr-climate-annual-conference-2019

The keynote lecture by Natalia Fabra can be seen here:

A summary of the team´s research work can be seen here:

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Lectures by Natalia Fabra on Competition and Market Design in Electricity Markets

Lectures by Natalia Fabra on Competition and Market Design in Electricity Markets at DIW Berlin Summer School “Economic Foundations for Energy and Climate Policies”

This Summer School took place in the second week of September 2019. It gathered 25 PhD students working in the area of Energy and Environmental Economics. students attended a combination of lectures by academics and industry practitioners. The program (link) included topics on:

  1. Natalia Fabra (Universidad Carlos III de Madrid): “Competition and market design issues in electricity markets”
  2. Carmen Arguedas (Universidad Autónoma de Madrid): “Monitoring and enforcement of energy and climate policies”
  3.  Simone Borghesi (EUI-Florence School of Regulation): “Economic Foundations and modeling of Emission Trading Systems”
  4. Andreas Lange (University of Hamburg): “Behavioral economics of climate and energy policies”
  5. Karsten Neuhoff (DIW Berlin, Technical University Berlin): “The theoretical foundation of a policy mix”

Given the success of this first edition, the organizers are committed to having a new edition next year.

The class material given by our team member, Natalia Fabra, can be found here. It includes material on: (1) the role of renewables during the energy transition, (2) the extent and nature of competition among conventional technologies and renewables in wholesale electricity markets, (3) the design of the auctions for renewable investments, and (4) the need and effects of capacity mechanisms.

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CEPR Conference on Applied Industrial Organization in Madrid

CEPR Conference on Applied Industrial Organisation
Madrid, 13-15 June 2019
Venue: CaixaForum Madrid, Paseo del Prado 36

Organisers:  Natalia Fabra (UC3M), Volker Nocke (Mannheim), and Ali Yurukoglu (Stanford)

Conference Details:

The Applied IO conference series seeks to contribute to the understanding of the breadth of topics analysed within the field of Industrial Organisation, including demand, productivity, competition in the short- and long-run, innovation, investment, and auctions, to develop empirical protocols and tests of economic models, to promote the exchange and the dissemination of results at the forefront of research, and finally, to evaluate current competition and regulation policies. It will cover the state of the art in both theoretical and empirical Industrial Organisation.

Thursday 13 June
13:30-14:30 On the Effect of Parallel Trade on Manufacturers’ and Retailers’ Profits in the Pharmaceutical Sector by Pierre Dubois, Toulouse School of Economics and CEPR (with Morten Sæthre)
14:30-15:30 Agency Pricing and Bargaining: Evidence from the E-Book Market by Matthijs R. Wildenbeest, Indiana University (with Babur De los Santos and Daniel P. O’Brien)
17:00-18:00 All-Pay Oligopolies: Price Competition with Unobservable Inventory Choices by Joao Montez, University of Lausanne and CEPR (with Nicolas Schutz)
18:00-19:00 Regulation with Experimentation: Ex Ante Approval, Ex Post Withdrawal, and Liability by Emeric Henry, Sciences Po and CEPR (with Marco Loseto and Marco Ottaviani)

Friday 14 June
9:00-10:00 A Theory of Foreclosure and Wholesale Bundling by Juan-Pablo Montero, Pontificia Universidad Católica de Chile (with Enrique Ide)
10:00-11:00 Input Price Discrimination by Resale Market by Jeanine Miklos-Thal, University of Rochester (with Greg Shaffer)
11:30-12:30 Segmentation versus Agglomeration: Competition Between Platforms with Competitive Sellers by Martin Peitz, University of Mannheim and CEPR (with Heiko Karle and Markus Reisinger)
12:30-13:30 Pricing and Fees in Auction Platforms with Two-sided Entry by Marleen Marra, University College London
15:00-16:00 Royalties and Deadlines in Oil and Gas Leasing: Theory and Evidence by Ryan Kellogg, University of Chicago (with Evan Herrnstadt and Eric Lewis)
16:00-17:00 Winners and Losers: the Distributional Effects of the French Feebate on the Automobile Market by Isis Durrmeyer, Toulouse School of Economics
17:30-18:30 Efficiency in Decentralized Transport Markets by Giulia Brancaccio, Cornell University (with Myrto Kalouptsidi, Theodore Papageorgiou and Nicola Rosaia)

Saturday 15 June
9:00-10:00 Informative Advertising and the Media: Evidence from a Price Transparency Regulation in Supermarkets by Itai Ater, Tel Aviv University and CEPR (with Oren Rigbi)
10:00-11:00 Competition and Incentives in Mortgage Markets: The Role of Brokers by Claudia Robles-Garcia (London School of Economics)
11:30-12:05 Data-driven Mergers by Alexandre de Corniere, Toulouse School of Economics and CEPR (with Greg Taylor)
12:05-12:40 Attention Oligopoly by Andrea Prat, Columbia University and CEPR (with Tommaso Valletti)
12:40-13:15 Artificial Intelligence, Algorithmic Pricing and Collusion by Giacomo Calzolari, European University Institute, Toulouse School of Economics and CEPR (with Emilio Calvano, Vincenzo Denicolò, Sergio Pastorello)

Program schedule is available here:  https://cepr.org/6733/programme

Financial support for the conference is generously provided by Universidad Carlos III de Madrid, Obra Social La Caixa, Journal of Industrial Economics (JIE), University of Zurich, European Research Council (ERC), and CEPR.

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Electricity Systems of the Future

March 19th, 2019,

Our team member, Natalia Fabra, organized together with (Andy Philpott, Benn Hobbs, and Chris Dent) the workshop “Electricity systems of the future: incentives, regulation and analysis for efficient investment” at the Isaac Newton Institute of Mathematical Sciences of the University of Cambridge.
To download the papers and watch the web seminars, visit http://www.newton.ac.uk/webseminars

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PhD Summer School on “Economic Foundations for Energy and Climate Policies”

EnergyEcoLab collaborates with the PhD Summer School on “Economic Foundations for Energy and Climate Policies”. The Summer School will be held from 9th to 13th September 2019 at DIW Berlin. Application deadline is 30th April 2019.

Objectives
The main objective of the School is to provide Economics PhD students with high-level academic training on the microeconomic foundations of energy and climate policy instruments. The School is also aimed at supporting the development of a PhD-student network for students interested in the topic, and connect them with top academics in the field.

Instructors and topics
–        Carmen Arguedas (Universidad Autónoma de Madrid): “Monitoring and enforcement of energy and climate policies”
–        Simone Borghesi (EUI-Florence School of Regulation): “Economic Foundations and modeling of Emission Trading Systems”
–        Natalia Fabra (Universidad Carlos III de Madrid): “Competition and market design issues in electricity markets”
–        Andreas Lange (University of Hamburg): “Behavioral economics of climate and energy policies”
–        Karsten Neuhoff (DIW Berlin, Technical University Berlin): “The theoretical foundation of a policy mix”

Information and application instructions can be found here.

The Organizers: Carmen Arguedas, Simone Borghesi, Estelle Cantillon, Olga Chiappinelli, Michael Grubb, Karsten Neuhoff

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Workshop on Developments in Energy Economics

On February 25th 2019, our team members, Natalia Fabra and Juan-Pablo Montero, will participate in Spanish Association of Energy Economics (AEEE) workshop in Madrid.

Below is the list of the presentations:

Competition among Renewables | Natalia Fabra
Fast Charging Stations: Simulating Entry and Location in a Game of Strategic Interaction | Joan-Ramon Borrell
Competing for (Fake) Certificates: The Case of Smog Checks | Juan-Pablo Montero
Exploring Energy Use in Fashion Stores: A Field Experiment | Maria L. Loureiro

The program detail can be accessed here.

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Workshop on energy economics at the Toulouse School of Economics

At EnergyEcoLab, we will start 2019 full of energy!

On January 23 2019, several of us will participate at a one-day workshop on energy economics at the Toulouse School of Economics, discussing electricity markets and air quality regulation with a mix of applied theory and empirical papers.

Below is the list of presentations:

  • Stefan Ambec (TSE)
    The informational value of environmental taxes
  • Natalia Fabra (Universidad Carlos III)
    Real-time pricing for everyone
  • Juan-Pablo Montero (PUC)
    Competing for certificates: The case of smog checks
  • Matti Liski (Aalto University)
    The value of ICT in electricity markets
  • Imelda (Universidad Carlos III)
    Energy-efficient technology and its persistent effects on consumption
  • Charles Pébereau (TSE)
    Perception and adoption of real-time electricity tariffs by residential
    consumers
  • Yuting Yang (TSE)
    Electricity interconnection with intermittent energy sources

  • Leslie Martin (University of Melbourne)
    The Margins Of Response To Road Use Prices

The program detail can be accessed here.

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Imelda presented at the World Resource Institute Indonesia

Imelda presented her on-going research on energy efficiency and households consumption response at seminar series hosted by World Resource Institute Indonesia. With the theme: “Towards Cleaner and More Affordable Household Energy Sources”, the seminar allowed active participation from practitioners, researchers, and policymakers. In her talk, she discussed the rebound effects due to improvements in energy efficiency. She exploits a policy experiment in Indonesia to evaluate these rebound effects when households switch to use more efficient fuel for cooking. Her presentation can be downloaded here.

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