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11 Dec 2023: www.eprg.group.cam.ac.uk. Hayek and the Texas blackout. EPRG Working Paper 2118. Cambridge Working Paper in Economics 2149. ... In general, Hayek argued for free markets, but not (as in the conventional static welfare economics approach) as a means of

Energy Economics, 104: 105650. Ajayi, V. and Weyman-Jones, T. 2021. Journal article. ... Economics Letters, 193: 109332. Mohaddes, K. and Williams, R.J. 2021. Journal article.

26 Jan 2024: Based on joint with work with Michael Mehling (MIT CEEPR) and Stuart Evans & Paul Sammon (Vivid Economics). ... Arthur Cecil PigouProfessor of Political Economy, University of Cambridge. The Economics of Welfare (1920)—Introduces concept of

6 Dec 2023: EPRG Working Paper 0920 Cambridge Working Paper in Economics 0931. Christian Growitsch, Tooraj Jamasb, Christine Mueller, Matthias Wissner. ... 68, 53604 Bad Honnef, Phone: 49 (0) 2224-92 25 88, E-mail: c.growitsch@wik.org2 University of Cambridge,

9 Jul 2023: According to this ‘Converse theorem’, otherwise known as the ‘second theorem of welfare economics’, Pareto-optimum can be realized as a competitive equilibrium in the presence of all round ‘Convexity’, provided ... as in terms of

9 Jul 2023: Abstract. This paper is concerned essentially with the question, how does financial globalisation affect welfare? ... Chakravarty and Singh (1988) suggest such a case for free trade is best put in terms of the two fundamental theorems of welfare economics

7 Dec 2023: discrimination is often welfare-reducing– but it is probably more likely to increase. ... Differential Pricing When Costs Differ:. A Welfare Analysis. Georgetown Economics Working Paper 13-01, April 2013.

11 Dec 2023: 1 Introduction. The first theorem of welfare economics states that with a full set of markets a competitive. ... Transmission constraints, intermittent renewables and. welfare. Journal of Environmental Economics and Management, 112, 102618, p1-23.

11 Dec 2023: discharge.8. An emerging strand of the literature specifically analyzes the economics of energy. ... in order to maximize total welfare. Because total demand is inelastic, total welfare is.

8 Dec 2023: helps to sustain the equilibrium. Second, the welfare implications of these two types of. ... with two aims: to maximise social welfare and to collect political donations from lobbyists.