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Working Paper
Autocracy, democracy, bureaucracy, or monopoly: can you judge a government by its size?
We develop a simple theoretical framework to examine on an integrated basis how the form of government affects its power and size. The analytical framework abstracts from distortions that arise from the means ofgovernment finance and separates government power into two dimensions-pure coercive power and pure monopoly power. A government can exert its coercive power to shift the demand for its services outward and/or its monopoly power to restrict the output along a given demand curve to earn rents. Among the implications drawn from the analysis are that government officials have an incentive ...
Journal Article
Exploring alternative energy sources
Journal Article
Lighting up Big Sky, dereg style
Electricity deregulation comes to Montana?so far, to the cheers of some and the chagrin of many.
Journal Article
The BTU tax: effects on energy markets and the Southwest
Journal Article
The cycles of wind power development
Wind power, with its recent dramatic pace of development, has the potential to alter the energy landscape in some areas of the United States. Before 2006, wind power development was sparse. However, installed capacity doubled by 2008 and accelerated rapidly through 2012. Although wind power still accounts for a small share of the nation?s electricity supply, the recent surge in development has sparked discussion about wind?s potential as a significant source of long-term renewable energy.
Journal Article
Prospects for the tenth district energy industry
Journal Article
Decelerating from 75 quads
Working Paper
Unilateral OECD policies to mitigate global climate change
This article offers an alternative perspective for thinking about climate change policy when the developing countries are not participating. If industrialized countries cooperate with each other to reduce their emissions, but comply at levels below those required under the Kyoto protocol, they will have incentives to adopt policies that are more costly to the world than a carbon tax. These incentives result from terms-of-trade gains that result if conservation lowers world prices lower for fuels the industrialized countries import. We consider cases where the industrialized countries act ...
Journal Article
Do rising oil prices threaten economic prosperity?