Paul Joskow

Papers, Op-Eds, Testimony and Presentations

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Natural Gas: From Shortages to Abundance in the U.S.
a shorter version will appear in the American Economic Review Papers and Proceedings, May 2013

Alfred E. Kahn 1917-2010 (with Roger Noll), December 2012
Review of Industrial Organization (forthcoming 2013)

The Future of Nuclear Power After Fukushima (with John Parsons)
Economics of Energy and Environmental Policy, 1(2):99-113,2012

Dynamic Pricing of Electricity (with Catherine Wolfram)
American Economic Review Papers and Proceedings 2012, 102(3):381-385

Creating A Smarter U.S. Electricity Grid
October, 2011. A shorter version of this paper appears in the Journal of Economic Perspectives, Winter 2012, 26(1), pp. 1-21

Measuring the Cost and Value of Wind and Solar Generating Technologies
Presentation, MIT CEEPR Workshop, November 3, 2011

Comparing the Costs of Intermittent and Dispatchable Generating Technologies
CEEPR Working Paper, (revised February 2011). A short version appears in the American Economic Review
Papers and Proceedings 2011, 101(3):238-241, May 2011.

Market Imperfections versus Regulatory Imperfections
CESifo DICE Report 8(3), pp. 3-7, 2010.

Vertical Integration
Symposium in Honor of Oliver Williamson, Antitrust Bulletin, 55(3), pp. 545-586, Fall 2010

Pricing CO2 Emissions
Mullen Lecture, University of Maryland Baltimore County, April 2010

Dumb Grids, Smart Grids, Our Grids
Yale Alumni Energy Conference, March 5, 2010

Nuclear Power in Developing Countries
World Bank, March 2, 2010

Energy and the Economy, American Academy of Arts and Sciences, October 11, 2009 (video)
http://www.amacad.org/binaries/video/streamPlayer.aspx?i=40

The Economic Future of Nuclear Power (with John Parsons)
Daedelus, The Global Nuclear Future, Volume 1, October 2009
http://www.amacad.org/publications/daedalus/fall2009/coverpage.aspx

"The U.S. Energy Sector: Prospects and Challenges, 1972-2009," Dialogue, Volume 17, No. 2, August 2009
PLJ-DIALOGUE-USAEE-Aug09.pdf

Deregulation: Where Do We Go From Here?
2009 Distinguished Lecture, AEI Center for Regulatory and Market Studies, February 10, 2009
(Published October 2009)

Incentive Regulation and its Application to Electricity Networks
Review of Network Economics, Volume 7, No. 4, December 2008

Lessons Learned from Electricity Market Liberalization
The Energe Journal, Special Issue on the Future of Electricity, pp. 9-42, 2008

Hans Landsberg Memorial Lecture
Resources for the Future, October 1, 2008

Challenges for Creating a Comprehensive National Electricity Policy
Technology Policy Institute, September 26, 2008

EU Emissions Trading System in Perspective (with A. Denny Ellerman)
Pew Center on Global Climate Change, May 2008

Investment in New Base Load Generating Capacity
EIA 30th Anniversary Conference, April 8, 2008

Transmission Network Congestion
Presentation, MIT CEEPR Fall Workshop, December 6-7, 2007

Capacity Payments in Imperfect Electricity Markets: Need and Design
Utilities Policy, 16:1590170, 2008. (reprints available for non-commercial use by sending an email request to the author)

Electricity from Uranium: The Prospects for Nuclear Power in the United States
The Milken Institute Review, Fourth Quarter 2007, 32-43.

Alternative System Operator Models
Presented at the Cambridge-MIT Electricity Workshop, London, September 28, 2007

Reliability and Competitive Electricity Markets
Paul Joskow and Jean Tirole
Rand Journal of Economics, 38(1), 60-84, Spring 2007 (published November 2007)

Reliability and Competitive Electricity Markets: Supplementary Material
Paul Joskow and Jean Tirole

Retail Electricy Competition
Paul Joskow and Jean Tirole
Rand Journal of Economics 37(4), Winter 2006, 799-815 (published September 2007)

Time and Location Differentiated NOx Control in Competitive Electricity Markets
Katherine Martin, Paul Joskow and Denny Ellerman
April 2007

Competitive Electricity Markets and Investment in New Generating Capacity
The New Energy Paradigm(Dieter Helm, Editor), Oxford University Press, 2007

Regulation of Natural Monopolies
August 2006. forthcoming in Handbook of Law and Economics 2007

Regulating Carbon Dioxide Capture and Storage
with M.A. de Figueiredo et. al.
April 2007

The Future of Coal
An Interdisciplinary MIT Study
March 2007

Prepared Remarks for FERC Technical Conference on Wholesale Electricity Markets
February 2007

The Future of Nuclear Power in the United States: Economic and Regulatory Challenges
December 2006, Prepared for the American Enterprise Institute Workshop on Nuclear Power

Supply Security in Competitive Electricity and Natural Gas Markets
Beesley Lecture, London, December, 2005; published in Utility Regulation in Competitive Markers (c.Robinson ed., Edward Elgar Press) June 2007

Vertical Integration
December 2006, Issues in Competition Law and Policy/ ABA Antitrust Section, forthcoming (2008)

Incentive Regulation for Electricity Networks
Spring 2006, CESifo DICE Report, 2/2006

Future Prospects for Nuclear Power: A U.S. Perspective
May 2006, University of Paris-Dauphine (Lecture/Presentation)

Energy Security and CO2 Emissions
March 2006, University of Paris-Dauphine Presentations

Designing Wholesale Electricity Markets
March 2006, University of Paris-Dauphine (Lecture/presentation)

Markets for Power in the United States: An Interim Assessment
Paul L. Joskow
January 2006, The Energy Journal 27(1), 1-36

Incentive Regulation in Theory and Practice: Electric Transmission and Distribution Networks (revised)
Paul L. Joskow
January 2006, Prepared for National Bureau of Economic Research Economic Regulation Project

Merchant Transmission Investment
Paul Joskow and Jean Tirole
June 2005, Journal of Industrial Economics 53(2), pp. 233-264.

Transmission Policy in the United States
Paul L. Joskow
Winter 2005, Utilities Policy 2005, Volume 13, pp. 95-115

Why Capacity Obligations and Capacity Markets?
June 2005, "The Economics of Electricity Markets," Toulouse, France

Vertical Integration
Spring 2005, Handbook of New Institutional Economics, 2005, Springer/Kluwer

Resource Adequacy (Again)
March 2005, Presentation, Mass Electricity Restructuring Roundtable

Patterns of Transmission Investment
March 2005, Electricity Infrastructure Investment Workshop, CRE, Paris, France

Regulation and Deregulation After 25 Years: Lessons for Research in Industrial Organization
Paul L. Joskow
October 2004, Review of Industrial Organization 26:169-193 (2005)

Wholesale Power Markets in the United States
Paul L. Joskow
July 2004, European Forum on Electricity Reforms (SESSA), Cambridge, England, July 14-15, 2004

New Institutional Economics: A Report Card
September 2003, ISNIE Presidential Address- Budapest, Hungary; Revised, June 2004

Electricity Restructuring: Lessons Learned
December 2003, Latin American Economic Review

Energy Policies and Their Consequences After 25 Years
Paul L. Joskow
October 2003, The Energy Journal, Volume 24, Number 4

The Blackout
Paul L. Joskow
August 2003

The Future of Nuclear Power
MIT Faculty Study Group
July 2003

Emissions Trading in the United States
P. Joskow, A. D. Ellerman and D. Harrison
May 2003, Pew Center on Global Climate Change

The Difficult Transition to Competitive Electricity Markets in the U.S.
May 2003, Bush Presidential Conference Center

Merchant Transmission Investment
Paul Joskow and Jean Tirole
May 2003

FERC SMD NOPR Comments
January 2003

A Quantitative Analysis of Pricing Behavior in California's Wholesale Electricity Market During Summer 2000
Paul Joskow and Edward Kahn
December 2002, The Energy Journal

Statement of Professor Paul L. Joskow Before The Senate Committee on Govermental Affairs
November 2002

Retail Competition in the U.S.
July 2002, Oviedo, Spain

Clearing the Polluted Sky
Paul Joskow and A. Denny Ellerman
May 2002, The New York Times

Transaction Cost Economics, Antitrust Rules and Remedies
April 2002, Journal of Law, Economics and Organization

A Quantitative Analysis of Pricing Behavior in California's Wholesale Electricity Market During Summer 2000: The Final Word
Paul Joskow and Ed Kahn
February 2002

California's Electricity Crisis
December 2001, Oxford Review of Economic Policy Volume 17

Regional Transmission Organizations: Don't Settle for Nth Best
September 2001, Presentation

Identifying the Exercise of Market Power: Refining the Estimates
Paul Joskow and Edward Kahn
July 2001

U.S. Energy Policy During the 1990s
January 2002, American Economic Policy in the 1990s (eds., Frankel and Orszag) MIT Press

The Right Answer to the Energy Crunch Boston Globe Op Ed
June 2001, The Boston Globe

U.S. Senate Testimony
June 2001

California's Electricity Market Meltdown
Paul L. Joskow
January 2001, The New York Times

A Quantitative Analysis of Pricing Behavior In California's Wholesale Electricity Market During Summer 2000
January 2001

Transmission Rights and Market Power on Electric Power Networks
Fall 2000, Rand Journal of Economics, 31(3)

Transaction Cost Economics and Competition Policy
October 2000

FERC RTO NOPR Comments
August 1999

Transmission Rights and Market Power on Electic Power Networks
Paul Joskow and Jean Tirole
January 2000

Why Do We Need Electricity Retailers? or Can You Get It Cheaper Retail?
January 2000

FERC RTO NOPR Reply Comments
September 1999

Transmission Rights and Market Power on Electric Power Networks I: Financial Rights
Paul Joskow and Jean Tirole
November 1998

Transmission Rights and Market Power on Electric Power Networks II: Physical Rights
Paul Joskow and Jean Tirole
December 1998