01.Introductory Lecture Motivating Figures (083110)

01.Introductory Lecture Motivating Figures (083110) - next?...

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Intro Lecture Energy Economics and Policy ECON 489/689
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2 Gasoline Prices in Houston Is there anything economically “bad” about these prices?
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3 Is there anything economically “bad” about these prices?
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4 Arbitrage in Electricity Markets Can you make money by buying electricity one day & selling it the
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Unformatted text preview: next? Source: Borenstein, Bushnell, Knittel & Wolfram (2001) Price of buying on same day Price of buying 1 day before 5 Source: Lewis (2006) Hurricanes & Gasoline Prices 6 7 Source: Busse, Knittel, and Zettelmeyer (2009) 8 SO2 Permit Price Volatility...
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01.Introductory Lecture Motivating Figures (083110) - next?...

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