The authors cover a wide and fascinating selection of topics incorporating the whole spectrum of energy economics. In doing so, they examine the belief that markets are the key to the effective allocation of resources, a notion which arguably applies as much to energy as it does to any other commodity. In particular, they focus on several pertinent issues including:
· competition and regulation in gas and electricity
· comparative efficiency analysis (yardstick competition) in electricity regulation
· UK coal in competitive markets
· vertical integration in the oil industry
· cluster developments in the UK continental shelf
· modeling underlying energy demand trends
· emissions targets, environmental Kuznets curves and incentive mechanisms.
Colin Robinson’s work on the economics of energy has influenced the thinking of academics, researchers and policymakers alike. This book, in his honor, will undoubtedly do the same.
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