2021
DOI: 10.5547/01956574.42.1.este
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European Industries’ Energy Efficiency under Different Technological Regimes: The Role of CO2 Emissions, Climate, Path Dependence and Energy Mix

Abstract: We investigate the strategic behavior of wind producers in the presence of uncertain wind resource availability, where wind availability is correlated across firms. We study how the level of correlation between different firms' wind resources impacts strategy and market outcomes. The main insight of our analysis is that increasing heterogeneity in resource availability improves social welfare, as a function of its effects both on improving diversification and on reducing withholding by firms. We show that this… Show more

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Cited by 15 publications
(2 citation statements)
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“…A negative correlation between conventional energy consumption and energy efficiency can be predicted. We use the ratio of coal to total energy consumption as a proxy for the energy mix (Stergiou and Kounetas, 2021).…”
Section: Control Variablementioning
confidence: 99%
“…A negative correlation between conventional energy consumption and energy efficiency can be predicted. We use the ratio of coal to total energy consumption as a proxy for the energy mix (Stergiou and Kounetas, 2021).…”
Section: Control Variablementioning
confidence: 99%
“…In the literature, even though there is quite a number of studies that analyze the effects of tax policies on urban waste (i.e., [17][18][19][20][21][22]), there is limited empirical evidence for the case of industrial waste. More specifically, studies focus mostly on the role of economic growth, the stringency of environmental policies, energy mixes, and innovation, amongst other factors, regarding reductions in atmospheric emissions (i.e., [23][24][25][26][27][28]). Other scholars estimate environmental/energy efficiency and productivity and their effect on sustainability [29][30][31][32][33].…”
Section: Introductionmentioning
confidence: 99%