Natural gas has replaced coal as the dominant fuel for US electricity generation. However,
US states that regulate electric utilities have retired coal more slowly than others. We build a …

Uncertainty over government policy affects important and irreversible decisions, including
firm technology adoption, entry, and exit. The real options literature has found that higher …

This paper studies how to design electricity markets to reduce emissions and prevent
blackouts. Zero-emission renewable energy sources, such as wind and solar, are …

Generators applying to connect to the US power grid go through an interconnection queue.
Most wind and solar generators that begin the process do not complete it. Using new data …

In electricity markets, generators are rewarded both for providing energy and for enabling
grid reliability. The two functions are compensated with two separate payments: energy …

How effective is local regulation when production occurs in a global market and capital is
mobile? When environmental regulations differ between regions capital may relocate …

In electricity markets, generators are rewarded for providing energy and for enabling grid
reliability. The two functions are compensated separately: with energy market payments and …

The speed at which electricity generation can transition to green energy sources depends in
part on the incentives of coal and natural gas plants to enter or exit. Chapter 1 of this …

This dissertation is comprised of three chapters in industrial organization, environmental
economics and energy economics. In Chapter 2, I study carbon dioxide emission abatement …