Resource and Energy Economics

Software: R code to generate the Figures 2 to 4 and the numerical solutions for the cases with convex costs and with cumulative damages.

World production, real price, and cumulative patents data for minerals 1900-2015

Data, code and full results for the models presented in this study.

Data for the paper "comparative feedbacks under incomplete information"

This data includes the raw data files used in our analysis. Detailed analysis files are available upon request.

Most US consumers are charged near-constant retail price for electricity, despite substantial hourly variation in the wholesale market price. This paper evaluates the first program to expose residential consumers to hourly real-time pricing (RTP). I find that enrolled households are statistically significantly price elastic and that consumers responded by conserving energy during peak hours, but remarkably did not increase average consumption during off-peak times. The program increased consumers surplus by $10 per household per year. While this is only one to two percent of electricity costs, it illustrates a potential additional benefit from investment in retail Smart Grid applications, including the advanced electricity meters required to observe a household's hourly consumption.