International Handbook on the Economics of Energy
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International Handbook on the Economics of Energy

9781847203526 Edward Elgar Publishing
Edited by Joanne Evans, Lecturer in Economics, University of Surrey and Lester C. Hunt, Professor and Head of Economics and Finance, University of Portsmouth, UK
Publication Date: 2009 ISBN: 978 1 84720 352 6 Extent: 848 pp
As an essential component for economic growth, energy has a significant impact on the global economy. The need to meet growing energy demand has prompted cutting-edge innovation in clean technology in an attempt to realise environmental and cost objectives, whilst ensuring the security of energy supply. This Handbook offers a comprehensive review of the economics of energy, including contributions from a distinguished array of international specialists. It provides a thorough discussion of the major research issues in this topical field of economics.

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As an essential component for economic growth, energy has a significant impact on the global economy. The need to meet growing energy demand has prompted cutting-edge innovation in clean technology in an attempt to realise environmental and cost objectives, whilst ensuring the security of energy supply. This Handbook offers a comprehensive review of the economics of energy, including contributions from a distinguished array of international specialists. It provides a thorough discussion of the major research issues in this topical field of economics.

Themes addressed include the theory of energy supply, demand and policy, empirical modelling of energy demand, holistic energy models, an analysis of coal, gas, electricity, oil and the ‘markets’ within which they operate, and a discussion of the current key energy policy issues. The topics of pricing, transmission, regulation, security, energy efficiency, new technologies and climate change are also discussed.

The International Handbook on the Economics of Energy presents a comprehensive overview of the state-of-the-art research making it an indispensable reference for researchers, advanced students, practitioners and policy-makers alike.
Contributors
Contributors: G. Allan, C. Bataille, S. Blumsack, G. Borges da Silveira, A. de Oliveira, P. Ekins, J. Evans, M. Farsi, M. Filippini, R. Fouquet, C.W. Frei, D. Garis, L. Getachew, M. Gilmartin, R.L. Gordon, P.W. Graham, L.A. Greening, L.C. Hunt, H.G. Huntington, M. Jaccard, R. Kannan, C. Kemfert, L. Losekann, M.N. Lowry, R. Madlener, P. McGregor, K.B. Medlock III, C. Nakhle, D. Perekhodtsev, A. Plourde, L.J. Reedman, R.D. Ripple, J. Rosellón, D.L. Ryan, H. Saunders, S. Sorrell, N. Strachan, I. Sue Wing, J.K. Swales, T. Truong, K. Turner, W.D. Walls, T. Weyman-Jones, D. Young
Contents
Contents:

Introduction
Joanne Evans and Lester C Hunt

1. A Brief History of Energy
Roger Fouquet

2. The Theory of Energy Economics: An Overview
Thomas Weyman-Jones

3. The Economics of Energy Supply
Kenneth B. Medlock III

4. The Theory and Practice of Energy Policy
Richard L. Gordon

5. Energy Demand Theory
Kenneth B. Medlock III

6. Empirical Modelling of Energy Demand
David L. Ryan and André Plourde

7. Economics of Energy Efficiency
Grant Allan, Michelle Gilmartin, Peter McGregor, J. Kim Swales and Karen Turner

8. Theoretical Foundations of the Rebound Effect
Harry Saunders

9. The Rebound Effect: Definition and Estimation
Steve Sorrell

10. Modelling Energy Savings and Environmental Benefits from Energy Policies and New Technologies
David L. Ryan and Denise Young

11. Bottom-up Models of Energy: Across the Spectrum
Lorna A. Greening and Chris Bataille

12. The Structure and Use of the UK MARKAL Model
Ramachandran Kannan, Paul Ekins and Neil Strachan

13. Combining Top Down and Bottom Up in Energy Economy Models
Mark Jaccard

14. Computable General Equilibrium Models for the Analysis of Energy and Climate Policies
Ian Sue Wing

15. Energy–Economy–Environment Modelling: A Survey
Claudia Kemfert and Truong Truong

16. The Oil Security Problem
Hillard G. Huntington

17. Petroleum Taxation
Carole Nakhle

18. The Behaviour of Petroleum Markets: Fundamentals and Psychologicals in Price Discovery and Formation
Dalton Garis

19. The Prospects for Coal in the Twenty-first Century
Richard L. Gordon

20. Natural Gas and Electricity Markets
W.D. Walls

21. Incentive Regulation of Energy Networks
Thomas Weyman-Jones

22. The Economics and Regulation of Power Transmission and Distribution: The Developed World Case
Lullit Getachew and Mark N. Lowry

23. The Market Structure of the Power Transmission and Distribution Industry in the Developed World
Lullit Getachew

24. Mechanisms for the Optimal Expansion of Electricity Transmission Networks
Juan Rosellón

25. Efficiency Measurement in the Electricity and Gas Distribution Sectors
Mehdi Farsi and Massimo Filippini

26. Wholesale Electricity Markets and Generators’ Incentives: An International Review
Dmitri Perekhodtsev and Seth Blumsack

27. Security of Supply in Large Hydropower Systems: The Brazilian Case
Luciano Losekann, Adilson de Oliveira and Getúlio Borges da Silveira

28. Electricity Retail Competition and Pricing: An International Review
Seth Blumsack and Dmitri Perekhodtsev

29. Emissions Trading and the Convergence of Electricity and Transport Markets in Australia
Luke J. Reedman and Paul W. Graham

30. International Energy Derivatives Markets
Ronald D. Ripple

31. The Economics of Energy in Developing Countries
Reinhard Madlener

33. Energy Vision to Address Energy Security and Climate Change
Christoph W. Frei

33. Current Issues in the Design of Energy Policy
Thomas Weyman-Jones

Index
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