Market and welfare effects of renewable portfolio standards in United States electricity markets

Solar Bait: How U.S. States Attract Solar Investments from Large Corporations

“…Renewable portfolio standards (RPS) are one of the most prominent policies implemented by states, and have received the most attention in academic literature (e.g., Wiser et al 2011;Yin and Powers 2010;Bhattacharya et al 2017;Bowen and Lacombe, 2017). The specifics of RPS can differ across states in terms of the timing and the required proportion of electricity to be generated from renewable sources.…”

Accounting for Agent Heterogeneity in Market and Policy Analysis

“…Examples of labeling policies that have been analyzed using various adaptations of our framework include the labeling of GM products (Fulton and Giannakas, 2004;Veyssiere and Giannakas, 2006), country-of-origin-labeling (Plastina, Giannakas and Pick, 2011), and labeling of nanofoods (Tran, Yiannaka and Giannakas, 2019), while examples of studies on regulatory requirements/standards include those on the economic effects of purity standards in biotech labeling laws (Giannakas et al, 2011) and renewable portfolio standards for conventional electricity (Bhattacharya, Giannakas and Schoengold, 2017). In general, labeling policies and standards affect the consumer valuation of the regulated product (preference effect, which is similar to the one studied in Section II.1), while increasing the segregation and identity preservation costs (cost effect, which is the reverse of that studied in Section II.4 and can affect multiple supply channels).…”

“…These models have been used to analyze: the market and welfare effects of genetically modified products under different regulatory and labeling regimes (Giannakas and Fulton, 2002;Fulton and Giannakas, 2004;Giannakas and Yiannaka, 2004Veyssiere and Giannakas, 2006;Plastina and Giannakas, 2007;Lassoued and Giannakas, 2010;Giannakas, 2016); the market for organic products (Giannakas, 2002a;Giannakas and Yiannaka, 2006); the enforcement of intellectual property rights (Giannakas, 2002b); the effect of cooperatives in agricultural markets (Fulton and Giannakas, 2001, 2012, 2013; Giannakas and Fulton, 2005;Drivas andGiannakas, 2009, 2010;Giannakas, Fulton and Sesmero, 2016); conservation compliance on highly erodible lands (Giannakas and Kaplan, 2005); the economic effects of purity standards in food labeling laws (Giannakas et al, 2011); consumer demand for quality-differentiated products ; the market and welfare effects of country-of-origin-labeling (Plastina, Giannakas and Pick, 2011); the impact of fair trade on agricultural producers (Omidvar and Giannakas, 2015); the market and welfare effects of renewable portfolio standards in the U.S. electricity sector (Bhattacharya, Giannakas and Schoengold, 2017); the market and welfare effects of food nanotechnology innovations (Tran, Yiannaka and Giannakas, 2018) and the economic impacts of mandatory labeling of products of food nanotechnology (Tran, Yiannaka and Giannakas, 2019); the economic effects of, and optimal policy response to food fraud in the form of food adulteration and mislabeling Yiannaka, 2018, 2019); the economic impacts and optimal design of crop insurance (Mavroutsikos, Giannakas and Walters, 2018); and the effect of innovation and policy on food security (Giannakas and Yiannaka, 2018).…”

Simulation Research on Green Energy Trading Market Under Multi-Periods Trading

“…Existing research confirms that the trading system of green energy certificates has achieved success in some countries, such as the United States, the United Kingdom, Sweden, Norway, Belgium, and India [3][4][5]. Renewable energy trading mechanisms can be seen as an economic signal that drives policymakers to set important parameters such as benchmark prices and technology conversion factors.…”