WorldWideScience

Sample records for effective electricity trading

  1. Environmentally damaging electricity trade

    International Nuclear Information System (INIS)

    Billette de Villemeur, Etienne; Pineau, Pierre-Olivier

    2010-01-01

    Electricity trade across regions is often considered welfare enhancing. We show in this paper that this should be reconsidered if environmental externalities are taken into account. We consider two cases where trade is beneficial, before accounting for environmental damages: first, when two regions with the same technology display some demand heterogeneity; second when one region endowed with hydropower arbitrages with its 'thermal' neighbor. Our results show that under reasonable demand and supply elasticities, trade comes with an additional environmental cost. This calls for integrating environmental externalities into market reforms when redesigning the electricity sector. Two North American applications illustrate our results: trade between Pennsylvania and New York, and trade between hydro-rich Quebec and New York.

  2. Environmentally damaging electricity trade

    Energy Technology Data Exchange (ETDEWEB)

    Billette de Villemeur, Etienne [Toulouse School of Economics (IDEI and GREMAQ) (France); Pineau, Pierre-Olivier [HEC Montreal (Canada)

    2010-03-15

    Electricity trade across regions is often considered welfare enhancing. We show in this paper that this should be reconsidered if environmental externalities are taken into account. We consider two cases where trade is beneficial, before accounting for environmental damages: first, when two regions with the same technology display some demand heterogeneity; second when one region endowed with hydropower arbitrages with its ''thermal'' neighbor. Our results show that under reasonable demand and supply elasticities, trade comes with an additional environmental cost. This calls for integrating environmental externalities into market reforms when redesigning the electricity sector. Two North American applications illustrate our results: trade between Pennsylvania and New York, and trade between hydro-rich Quebec and New York. (author)

  3. Trading green electricity

    International Nuclear Information System (INIS)

    Davies, M.

    1997-01-01

    A study has been carried out into the feasibility of developing an electricity trading mechanism which would allow consumers to purchase electricity which has been derived from renewable energy resources. This study was part funded by the European Commission (ALTENER), the Department of Trade and Industry and a number of private sector companies. The trading mechanism is known as the Green Pool. As a result of the findings of this study discussions are being held with potential generators and suppliers to establish a Green Pool plc. The aim is to encourage the development of new renewable energy projects outside the NFFO and SRO schemes. The Green Pool plc will be owned by the generators and its main objective will be to market the electricity produced by its members. (Author)

  4. Topics on electricity trade

    International Nuclear Information System (INIS)

    Skytte, K.

    2001-01-01

    The first chapter in this thesis is a survey of studies on electricity trade, which has been included in order to show how subjects in this thesis fit into this aspect of energy research. Transitions from centralised monopolies to liberalised electricity markets have been inaugurated in the northern European countries during the last decade. The backgrounds and speed of transitions differ within the countries. Where Norway liberalised its electricity market in order to stabilise the prices, EU urged a liberalisation in order to make the electricity supply industry more effective. Together with national liberalisation, the opening of the cross border trade between the countries is also urged. The first paper in this thesis describes those different liberalisation processes within northern Europe and discusses problems that may arise in a transition period for integrating the countries into a common electricity market with efficient cross-border competition. Before the liberalisation process started, the electricity generation was determined by a central load dispatch at known prices. The introduction of competition has necessitated the creation of new competitive markets, power exchanges and financial markets where generation and prices are determined by demand and supply on the markets. One implication of this is that investments in new plants shall be made under levels of uncertainty about future prices. The second paper in this thesis analyses the importance of introducing uncertainty in energy-economic modelling of the electricity supply sector. Another implication, which arises on introducing a new market structure and power exchanges, is that the design of the power exchanges influences the price setting on the markets. The third paper of this thesis analyses the price setting on the regulating power market on the Nordic power exchange Nord Pool. More precisely, the paper reveals the pattern of the prices on the regulating power market by analysing the cost of

  5. Topics on electricity trade

    Energy Technology Data Exchange (ETDEWEB)

    Skytte, K.

    2001-07-01

    The first chapter in this thesis is a survey of studies on electricity trade, which has been included in order to show how subjects in this thesis fit into this aspect of energy research. Transitions from centralised monopolies to liberalised electricity markets have been inaugurated in the northern European countries during the last decade. The backgrounds and speed of transitions differ within the countries. Where Norway liberalised its electricity market in order to stabilise the prices, EU urged a liberalisation in order to make the electricity supply industry more effective. Together with national liberalisation, the opening of the cross border trade between the countries is also urged. The first paper in this thesis describes those different liberalisation processes within northern Europe and discusses problems that may arise in a transition period for integrating the countries into a common electricity market with efficient cross-border competition. Before the liberalisation process started, the electricity generation was determined by a central load dispatch at known prices. The introduction of competition has necessitated the creation of new competitive markets, power exchanges and financial markets where generation and prices are determined by demand and supply on the markets. One implication of this is that investments in new plants shall be made under levels of uncertainty about future prices. The second paper in this thesis analyses the importance of introducing uncertainty in energy-economic modelling of the electricity supply sector. Another implication, which arises on introducing a new market structure and power exchanges, is that the design of the power exchanges influences the price setting on the markets. The third paper of this thesis analyses the price setting on the regulating power market on the Nordic power exchange Nord Pool. More precisely, the paper reveals the pattern of the prices on the regulating power market by analysing the cost of

  6. The effect of counter-trading on competition in electricity markets

    International Nuclear Information System (INIS)

    Dijk, Justin; Willems, Bert

    2011-01-01

    In a competitive electricity market, nodal pricing is the most efficient way to manage congestion. Counter-trading is inefficient as it gives the wrong long term signals for entry and exit of power plants. However, in a non-competitive market, additional entry will improve the competitiveness of the market, and will increase social benefit by reducing price-cost margins. This paper studies whether the potential pro-competitive entry effects could make counter-trading more efficient than nodal pricing. We find that this is unlikely to be the case, and expect counter-trading to have a negative effect on overall welfare. The potential benefits of additional competition (more competitive prices and lower production cost) do not outweigh the distortions (additional investment cost for the entrant, and socialization of the congestion cost to final consumers). - Research highlights: → 'Counter-trading' and 'nodal pricing' manage congestion in electric grids. → Nodal pricing gives superior locational prices. → Counter-trading induces extra investments in regions with a production surplus. → Extra investments improve competition, but are expected to be socially inefficient.

  7. The market effectiveness of electricity reform: A case of carbon emissions trading market of Shenzhen city

    Science.gov (United States)

    Wang, Yongli; Wang, Gang; Zuo, Yi; Fan, Lisha; Xiao, Yao

    2017-03-01

    In the 13th Five-Year Plan, the Chinese government proposed to achieve the national carbon emission trading market established by 2017. The establishment of carbon emission trading market is the most important one in power reform, which helps to promote the power reform and achieve the goal of energy saving and emission reduction. As the bond of connecting environment energy issues and the economic development, carbon emissions trading market has become a hot research topic in the related fields, by market means, it incentive the lower cost subject emissions to undertake more reductions and therefore to benefit, the body of the high cost finished the task by buying quota reduction, to achieve the effect of having the least social total cost. Shenzhen has become the first city in China to start carbon trading pilot formally on June 16, 2013, online trading on June 18. The paper analyzes the market effectiveness of electricity reform in China, which takes carbon emissions trading market of Shenzhen city for example, and gives some suggestions for future development.

  8. EU emission trading scheme and the effect on the price of electricity

    International Nuclear Information System (INIS)

    2004-01-01

    The Electricity Market Working Group and the Climate Change Policy Working Group of the Nordic Council of Ministers, has commissioned ECON Analysis to prepare this report. The report analyses the demand and supply of GHG emission allowances and the price of emission allowances for the period 2005-2007 and 2008-2012 and the effect on the electricity price in the Nordic electricity market. The demand for emissions allowances has then been estimated for different scenarios, with different assumption on burden sharing between sectors and international participation and the supply of emission allowances is determined by the marginal abatement costs. Based on available information on abatement costs the supply of allowances is then estimated. The market balance between the demand and supply for allowances then determines the price of emission allowances. The effect on the electricity price is simulated with ECON's model for the Nordic power market to quantitatively estimate the effect from emissions trading on the electricity price, production, consumption, trade, etc. (BA)

  9. Cost effects of international trade in meeting EU renewable electricity targets

    International Nuclear Information System (INIS)

    Voogt, M.H.; Uyterlinde, M.A.

    2006-01-01

    The European market for renewable electricity received a major stimulus from the adoption of the Directive on the Promotion of Renewable Electricity. The Directive specifies the indicative targets for electricity supply from renewable energy sources (RES-E) to be reached in European Union (EU) Member States in the year 2010. It also requires Member States to certify the origin of their renewable electricity production. This article presents a first EU-wide quantitative evaluation of the effects of meeting the targets, using an EU-wide system for tradable green certificates (TGC). We calculate the equilibrium price of green certificates and identify which countries are likely to export or import certificates. Cost advantages of participating in such an EU-wide trading scheme are determined for each of the Member States. Moreover, we identify which choice of technologies results in meeting targets at least costs. Results are obtained from a model that quantifies the effects of achieving the RES-E targets in the EU with and without trade. The article provides a brief insight in this model as well as the methodology that was used to specify cost potential curves for renewable electricity in each of the 15 EU Member States. Model calculations show that within the EU-wide TGC system, the total production costs of the last option needed to satisfy the overall EU RES-E target equals 9.2 eurocent/kWh. Assuming that the production price of electricity on the European power market would equal 3 eurocent/kWh in the year 2010, the indicative green certificate price equals 6.2 eurocent/kWh. We conclude that implementation of an EU-wide TGC system is a cost-efficient way of stimulating renewable electricity supply

  10. Syllabus in Trade Electricity-Electronics. Section II. Trade Electricity.

    Science.gov (United States)

    New York State Education Dept., Albany. Bureau of Occupational Education Curriculum Development.

    This second section of a three-part syllabus for a flexible curriculum in trade electricity-electronics contains four semi-independent units: (1) Advanced Electricity, (2) Residential and Commercial Wiring, (3) Industrial Electricity, and (4) Motor Controls. Introductory sections describe development of the curriculum, outline the total trade…

  11. Water on fire: Gains from electricity trade

    International Nuclear Information System (INIS)

    Fehr, N.H. von der; Sandsbraaten, L.

    1997-01-01

    In light of the ongoing liberalization of electricity trade in the Nordic countries, and perhaps in Northern Europe, we argue that gains from electricity trade may be different from those traditionally associated with comparative advantages and economics of scale. In particular, we consider gains arising from the exploitation of technological complementaries between hydro and thermal systems. Our theoretical framework highlights essential features of the two systems and allows for an analysis of effects of trade. We study three trading regimes, which may arise either endogenously or because of trade regulations: day-night power exchange, seasonal energy banking and unbalanced trade. The analysis suggests that gradual trade liberalization may be costly. 13 refs, 7 figs

  12. Electricity as a traded good

    International Nuclear Information System (INIS)

    Srinivasan, Sunderasan

    2013-01-01

    Electric power has traditionally been classified as a non-traded good, produced and consumed within the country of origin. More recently, electricity has been traded across national borders and in certain cases, viz., Bhutan, has been the dominant export; in other situations, it is used to repay debts owed to neighboring countries. This paper investigates the role of electricity as the primary export, analyzes its valuation, and then goes on to evaluate the impact on the terms of trade. We conclude that in the medium-term, the electric power exporting economy would be better off developing its manufacturing sector to diversify its exposure and to protect its trade interests. The case of Bhutanese hydro-electricity exports to India is studied and the change in trade advantage with every increase in power tariff is ascertained. It is found that a 1.26% annual increase in (non-food) consumer prices is correlated with a 1% increase in electricity export tariff. While the causality from electric power tariff to Indian manufactures prices is not established statistically, a change in manufactures prices feeding back into consumer prices in Bhutan is statistically significant. Suggestions are offered for Bhutan to reduce dependence on Indian imports and to diversify its export market exposure. - Highlights: • Electricity as principal export of small economy. • Bilateral trade with large economy. • Tourism as major income generator for small economy. • Partial equilibrium model involving key variables. • Small economy would need to diversify. • Important subject for inter-temporal and inter-regional trade of power

  13. International trade with electric power

    OpenAIRE

    Årdal, Frode

    2009-01-01

    In 2003 the European Commission introduced the Directive 2003/54/EC and Regulation 1228/2003/EC which increased the focus on the liberalization of the European electricity market. The international electricity trade has increased and created new challenges related to cross-border transmission and compensation mechanisms. The focus of the report has been to discuss the development of the electricity market in Europe, and the status of international exchange. The report also discusses the con...

  14. The effect of counter-trading on competition in electricity markets

    NARCIS (Netherlands)

    Dijk, J.J.; Willems, B.

    2011-01-01

    In a competitive electricity market, nodal pricing is the most efficient way to manage congestion. Counter-trading is inefficient as it gives the wrong long term signals for entry and exit of power plants. However, in a non-competitive market, additional entry will improve the competitiveness of the

  15. Cross-border electricity market effects due to price caps in an emission trading system : An agent-based approach

    NARCIS (Netherlands)

    Richstein, J.C.; Chappin, E.J.L.; De Vries, L.J.

    2014-01-01

    The recent low CO2 prices in the European Union Emission Trading Scheme (EU ETS) have triggered a discussion whether the EU ETS needs to be adjusted. We study the effects of CO2 price floors and a price ceiling on the dynamic investment pathway of two interlinked electricity markets (loosely based

  16. Electric trade in the United States 1990

    International Nuclear Information System (INIS)

    1992-01-01

    Electric Trade in the United States 1990 (ELECTRA) is the third in a series of reports on wholesale power transactions prepared by the Electric Data Systems Branch, Survey Management Division, Office of Coal, Nuclear, Electric and Alternate Fuels, Energy Information Administration (EIA). The electric trade data are published biennially. The first report presented 1986 data. The second report contained data for 1988. This report provides information on the industry during 1990

  17. Inter-utility trade in electricity

    International Nuclear Information System (INIS)

    Penman, A.

    1992-01-01

    Enhanced inter-utility cooperation could have a profound effect on the future of the electricity supply industry. Coordinated planning, development, and operations of electric power systems have the potential to reduce the cost of electricity to consumers and to lessen the impact of electricity supply on the environment. These effects could be achieved by being able to supply electricity from lower cost and more environmentally benign sources located over wider geographic areas, and having to install less new generating capacity. Access to transmission and wheeling services would be an important factor in allowing increased inter-utility cooperation to occur. Canada's National Energy Board conducted a review to identify measures that can be taken to enhance interprovincial trade in electricity, to encourage greater cooperation between electric utilities in the areas of systems planning and development, and to enable buyers and sellers of electricity to obtain access to available transmission capacity through intervening provinces for wheeling purposes. The work undertaken by the Board during that review is described. A total estimated economic benefit of $23-32.5 billion was identified, mainly from long-term firm sales and from seasonal diversity exchanges. Four options were developed that appear to be available to encourage and achieve enhanced inter-utility cooperation. These are continuation of voluntary cooperation, voluntary cooperation with federal monitoring, establishing voluntary regional planning entities, and establishing regional planning entities with mandated federal power

  18. Electric trade in the United States 1994

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1998-08-01

    Wholesale trade in electricity plays an important role for the US electric utility industry. Wholesale, or bulk power, transactions allow electric utilities to reduce power costs, increase power supply options, and improve reliability. In 1994, the wholesale trade market totaled 1.9 trillion kilowatthours, about 66% of total sales to ultimate consumers. This publication, Electric Trade in the United States 1994 (ELECTRA), is the fifth in a series of reports on wholesale power transactions prepared by the Office of Coal, Nuclear, Electric and Alternate Fuels, Energy Information Administration (EIA). The electric trade data are published biennially. The first report presented 1986 data, and this report provides information on the electric power industry during 1994.

  19. Electric trade in the United States 1994

    International Nuclear Information System (INIS)

    1998-08-01

    Wholesale trade in electricity plays an important role for the US electric utility industry. Wholesale, or bulk power, transactions allow electric utilities to reduce power costs, increase power supply options, and improve reliability. In 1994, the wholesale trade market totaled 1.9 trillion kilowatthours, about 66% of total sales to ultimate consumers. This publication, Electric Trade in the United States 1994 (ELECTRA), is the fifth in a series of reports on wholesale power transactions prepared by the Office of Coal, Nuclear, Electric and Alternate Fuels, Energy Information Administration (EIA). The electric trade data are published biennially. The first report presented 1986 data, and this report provides information on the electric power industry during 1994

  20. Electric trade in the United States, 1996

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1998-12-01

    Wholesale trade in electricity plays an important role for the US electric utility industry. Wholesale, or bulk power, transactions allow electric utilities to reduce power costs, increase power supply options, and improve reliability. In 1996, the wholesale trade market totaled 2.3 trillion kilowatthours, over 73% of total sales to ultimate consumers. This publication, Electric Trade in the United States 1996 (ELECTRA), is the sixth in a series of reports on wholesale power transactions prepared by the Office of Coal, Nuclear, Electric and Alternate Fuels, Energy Information Administration (EIA). The electric trade data are published biennially. The first report presented 1986 data, and this report provides information on the electric power industry during 1996. The electric trade data collected and presented in this report furnish important information on the wholesale structure found within the US electric power industry. The patterns of interutility trade in the report support analyses of wholesale power transactions and provide input for a broader understanding of bulk power market issues that define the emerging national electric energy policies. The report includes information on the quantity of power purchased, sold, exchanged, and wheeled; the geographical locations of transactions and ownership classes involved; and the revenues and costs. 1 fig., 43 tabs.

  1. Trading electricity in the Nordic countries

    International Nuclear Information System (INIS)

    1994-01-01

    An open market for electric power in the Nordic countries will require extensive common solutions of a range of economic, technical and political problems as a consequence of the natural monopoly of the transmission and distribution grid, and the need for supply reliability. The main objective is to establish and effective framework for competition in buying and selling electricity, both nationally and in a Nordic context, and to secure optimal resource allocation. The key participants are owners of the high-voltage grid and of the international grid connections. The objective should be to develop a 'point-tariff' system, a system for effective handling of bottlenecks, and an optimisation of further developments in the common high-voltage grid. Effective routines for measurement of the trade across the borders should be established. Institutions for power-trading should be developed, such as organised spot markets which should be established in Sweden and Finland. Transaction costs for trade between the spot markets in the different countries should be low. Until spot markets are established in Sweden and Finland, Statnett Marked should be made available for Sweden and Finish consumers and producers. Abuse of a domimant market position in a common market should be firmly discouraged. Different competition policies in the Nordic countries may give participants unequal possibilities to compete. (AB)

  2. Electricity trade: Generating benefits for British Columbians

    International Nuclear Information System (INIS)

    1994-01-01

    Electricity has been traded in British Columbia since the turn of the century. In 1988, the provincial government established the British Columbia Power Exchange Corporation (Powerex) to conduct electricity trade activities in order to make the most efficient use of the electrial system and generate benefits for British Columbians. The trade is made possible by an interconnected system linking producers and consumers in western Canada and the USA. Provincial participants in the trade include British Columbia Hydro, independent power producers, and cogenerators. Benefits of the electricity trade include generation of revenue from sale of surplus power, being able to buy electricity when the mainly hydroelectric provincial system is in a drought condition or when major shutdowns occur, and enabling postponement of development of new power projects. Powerex conducts its trade under provincial and federal permits and licenses. Different types of trade contracts are negotiated depending on the amount and availability of electricity and the kind of trade being conducted. Exchanges and coordination agreements allow transfer and return between utilities with no net export occurring, allowing balancing of loads between different reigons. Surplus electricity is bought or sold on a short- or long-term basis and on firm or non-firm terms. Electricity exports are not subsidized and are only allowed if the electricity is surplus to provincial needs and can be sold at a profit. A new provincial policy allows private industry to export long-term firm electricity; this involves construction of new private-sector generating facilities solely for the purpose of export. 1 fig

  3. Electric trade in the United States 1992

    Energy Technology Data Exchange (ETDEWEB)

    1994-09-01

    This publication, Electric Trade in the US 1992 (ELECTRA), is the fourth in a series of reports on wholesale power transactions prepared by the Electric Data Systems Branch, Survey Management Division, Office of Coal, Nuclear, Electric and Alternate Fuels, Energy Information Administration (EIA). The electric trade data are published biennially. The first report presented 1986 data, and this report provides information on the electric power industry during 1992. The electric trade data collected and presented in this report furnish important information on the wholesale structure found within the US electric power industry. The patterns of interutility trade in the report support analyses of wholesale power transactions and provide input for a broader understanding of bulk power market issues that define the emerging national electric energy policies. The report includes information on the quantity of power purchased, sold, exchanged, and wheeled; the geographical locations of transactions and ownership classes involved; and the revenues and costs. Information on the physical transmission system are being included for the first time in this publication. Transmission data covering investor-owned electric utilities were shifted from the Financial Statistics of Selected Investor-Owned Electric Utilities to the ELECTRA publication. Some of the prominent features of this year`s report include information and data not published before on transmission lines for publicly owned utilities and transmission lines added during 1992 by investor-owned electric utilities.

  4. Electric trade in the United States 1992

    International Nuclear Information System (INIS)

    1994-09-01

    This publication, Electric Trade in the US 1992 (ELECTRA), is the fourth in a series of reports on wholesale power transactions prepared by the Electric Data Systems Branch, Survey Management Division, Office of Coal, Nuclear, Electric and Alternate Fuels, Energy Information Administration (EIA). The electric trade data are published biennially. The first report presented 1986 data, and this report provides information on the electric power industry during 1992. The electric trade data collected and presented in this report furnish important information on the wholesale structure found within the US electric power industry. The patterns of interutility trade in the report support analyses of wholesale power transactions and provide input for a broader understanding of bulk power market issues that define the emerging national electric energy policies. The report includes information on the quantity of power purchased, sold, exchanged, and wheeled; the geographical locations of transactions and ownership classes involved; and the revenues and costs. Information on the physical transmission system are being included for the first time in this publication. Transmission data covering investor-owned electric utilities were shifted from the Financial Statistics of Selected Investor-Owned Electric Utilities to the ELECTRA publication. Some of the prominent features of this year's report include information and data not published before on transmission lines for publicly owned utilities and transmission lines added during 1992 by investor-owned electric utilities

  5. Global Electricity Trade Network: Structures and Implications

    Science.gov (United States)

    Ji, Ling; Jia, Xiaoping; Chiu, Anthony S. F.; Xu, Ming

    2016-01-01

    Nations increasingly trade electricity, and understanding the structure of the global power grid can help identify nations that are critical for its reliability. This study examines the global grid as a network with nations as nodes and international electricity trade as links. We analyze the structure of the global electricity trade network and find that the network consists of four sub-networks, and provide a detailed analysis of the largest network, Eurasia. Russia, China, Ukraine, and Azerbaijan have high betweenness measures in the Eurasian sub-network, indicating the degrees of centrality of the positions they hold. The analysis reveals that the Eurasian sub-network consists of seven communities based on the network structure. We find that the communities do not fully align with geographical proximity, and that the present international electricity trade in the Eurasian sub-network causes an approximately 11 million additional tons of CO2 emissions. PMID:27504825

  6. Renewable energy burden sharing. REBUS. Effects of burden sharing and certificate trade on the renewable electricity market in Europe

    International Nuclear Information System (INIS)

    Voogt, M.H.; Uyterlinde, M.A.; De Noord, M.; Skytte, K.; Nielsen, L.H.; Leonardi, M.; Whiteley, M.H.; Chapman, M.

    2001-05-01

    Creation of an internal market for renewable electricity will involve a political negotiation process, similar to previous European Union (EU) greenhouse gas negotiations. The Energy Ministers in the EU have agreed upon an overall target of 22% of electricity supply from Renewable Energy Sources (RES-E) and a distribution of targets over the individual Member States. The REBUS project provides insights in the effects of implementing targets for renewable electricity generation at EU Member State level and the impact of introducing burden sharing systems within the EU, such as a Tradable Green Certificate (TGC) system. Member States can participate in such burden sharing systems to reduce the costs of achieving RES-E targets. The project concentrated on the development of the REBUS model, which quantifies the impact of trade (in green certificates, quotas or targets), the specification of cost potential curves for renewable electricity options in each of the 15 EU Member States and the implementation of different rules to setting targets at individual Member State level. In addition, utilities and consumer organisations were interviewed on their requirements and expectations for an international burden sharing scheme. 49 refs

  7. The electric power trading. The stakes and forecasts of the electric power trading at the time of Enron's failure

    International Nuclear Information System (INIS)

    2002-10-01

    This study on the electric power trading analyzes the Change and trading mechanisms, the trading part in the european market, identifies the risk and the opportunities of the trading and analyzes the enterprises mastership. (A.L.B.)

  8. Section I: Basic Electricity. Syllabus in Trade Electricity-Electronics.

    Science.gov (United States)

    New York State Education Dept., Albany. Bureau of Occupational and Career Curriculum Development.

    This section describes the first of a three part curriculum in trade electricity-electronics (each part is described in a separate volume). It presents a unit of 6 to 10 weeks duration which develops only those competencies necessary to all electricity or electronics employment. A flow chart indicates how an individual student's program can be…

  9. Cross-border electricity market effects due to price caps in an emission trading system: An agent-based approach

    International Nuclear Information System (INIS)

    Richstein, Jörn C.; Chappin, Emile J.L.; Vries, Laurens J. de

    2014-01-01

    The recent low CO 2 prices in the European Union Emission Trading Scheme (EU ETS) have triggered a discussion whether the EU ETS needs to be adjusted. We study the effects of CO 2 price floors and a price ceiling on the dynamic investment pathway of two interlinked electricity markets (loosely based on Great Britain, which already has introduced a price floor, and on Central Western Europe). Using an agent-based electricity market simulation with endogenous investment and a CO 2 market (including banking), we analyse the cross-border effects of national policies as well as system-wide policy options. A common, moderate CO 2 auction reserve price results in a more continuous decarbonisation pathway. This reduces CO 2 price volatility and the occurrence of carbon shortage price periods, as well as the average cost to consumers. A price ceiling can shield consumers from extreme price shocks. These price restrictions do not cause a large risk of an overall emissions overshoot in the long run. A national price floor lowers the cost to consumers in the other zone; the larger the zone with the price floor, the stronger the effect. Price floors that are too high lead to inefficiencies in investment choices and to higher consumer costs. - Highlights: • Cross-border effects of CO 2 policies were investigated with an agent-based model. • The current EU ETS might cause CO 2 price shocks and CO 2 price volatility. • A CO 2 auction reserve price does not lower welfare, but lowers CO 2 price volatility. • A national CO 2 price floor lowers consumer cost in the other countries. • A CO 2 price ceiling does not lead to an overshoot of emissions

  10. Optimal Charging of Electric Vehicles with Trading on the Intraday Electricity Market

    Directory of Open Access Journals (Sweden)

    Ilham Naharudinsyah

    2018-06-01

    Full Text Available Trading on the energy market is a possible way to reduce the electricity costs of charging electric vehicles at public charging stations. In many European countries, it is possible to trade electricity until shortly before the period of delivery on so called intraday electricity markets. In the present work, the potential for reducing the electricity costs by trading on the intraday market is investigated using the example of the German market. Based on simulations, the authors reveal that by optimizing the charging schedule together with the trading on the intraday electricity market, the costs can be reduced by around 8% compared to purchasing all the required energy from the energy supplier. By allowing the charging station operator to resell the energy to the intraday electricity market, an additional cost reduction of around 1% can be achieved. Besides the potential cost savings, the impacts of the trading unit and of the lead time of the intraday electricity market on the costs are investigated. The authors reveal that the achievable electricity costs can be strongly affected by the lead time, while the trading unit has only a minor effect on the costs.

  11. Trading electricity outside the Nordic countries

    International Nuclear Information System (INIS)

    1994-01-01

    The subject of transborder trade of electricity between the Nordic countries and other North-European countries is dealt with. A detailed comparison of generating capacity, generating costs as well as electricity prices, market structure and national and international regulations is given. This shows that generating costs in the Nordic countries in general are lower than those in other North-European countries. This indicates a potential for transborder trade. Norway has a potential for exporting power while Denmark and Sweden have a potential for energy exports due to current excess capacity. Transmission capacity from the Nordic countries to Germany is limited. As access to the German transmission network is restricted, conditions for trade depend on differences between marginal cost. After transmission cost, those differences do not finance larger investments in further capacity. A change in the market structure in Germany with third party access to the transmission network will allow major consumers to buy directly from producers in the Nordic countries. An opening up of the market should reduce the price load in Germany. This could cause price increases in the Nordic countries. (AB)

  12. Electricity trade under financial market supervision; Der Stromhandel unter Finanzmarktaufsicht

    Energy Technology Data Exchange (ETDEWEB)

    Hagena, Martin

    2011-07-01

    With the competitive opening of the electricity market at European and national level, the goods electricity became a freely traded commodity. The author of the contribution under consideration describes the legal consequences related to financial market for trading electricity in the context of the current Directive 2004/39/EC now under consideration of the commodity futures trading in its representational scope. The statements clearly indicate that the power market is a goods market with its own laws and not a classical financial market. It considers what characteristics exist in electricity trading and whether and how they are considered for regulatory purposes.

  13. The development of electric power/energy trading in Norway

    International Nuclear Information System (INIS)

    Engebretsen, J.D.

    1992-01-01

    One of the main aims of the Norwegian government is to make the electric power market more effective. A new energy law has been passed and other initiatives have been taken which have altered the framework of the conditions for electricity production and sales in Norway. The proposition for trading electric power and the development of new policies for calculating transmission tariffs has been dealt with in addition to plans for the extent of the development of hydroelectric power. Norway is the world's sixth largest producer of hydroelectricity. The domestic supply of electricity is described as well as the nature of the reorganization of the transmission of electricity and Norwegian foreign trade proposals within this area. The government is interested in taxing with regard to production instead of on the power itself in order to stimulate better energy economy. It is important that this will have a neutral effect between export and domestic consumption when contract sales to abroad are initiated. A more efficient electric power market will profit Norwegian society. Statistical data are included. (AB)

  14. The challenges of the electricity trade in liberalised markets

    International Nuclear Information System (INIS)

    Wanzek, S.

    2001-01-01

    As a consequence of the electricity market liberalization a new market emerged allowing electricity to be traded as a commodity. The structure of the electricity companies has to be adopted in the new market model and the regulatory framework has to ensure a level playing field for the participants in the market. Trading has taken on considerable strategic significance for all market participants. The price of electricity is becoming more and more volatile. In this paper the targets, forms and lessons E. ON's electricity trade are discussed. In addition, the impacts of successful trading and obtained experiences are analysed. At the end an outlook for electricity trade in East and South-East Europe is given. (author)

  15. Trading with electric power in the Nordic countries

    International Nuclear Information System (INIS)

    1992-01-01

    During recent years Nordic cooperation has contributed to a greater integration of the Nordic electric power markets. This has been based on trade on a short-term basis. As a part of increased integration in Europe and the demand for more effective administration of Nordic energy resources, trade with electric power has become more significant. At the same time environmental challenges have lead to an increase in Nordic and European cooperation, also within the energy sector. The aim of the seminar held in Hankoe, Norway, on June 9-11, 1992 was to discuss the problems within this field. Both theoretical and practical aspects were dealt with and developments in Europe and environmental issues were in focus. The lectures given at the seminar are included in this publication. (AB)

  16. Peer to peer energy trading with electric vehicles

    OpenAIRE

    Alvaro-Hermana, R.; Fraile-Ardanuy, J.; Zufiria, P.; Knapen, Luk; Janssens, Davy

    2016-01-01

    This paper presents a novel peer-to-peer energy trading system between two sets of electric vehicles, which significantly reduces the impact of the charging process on the power system during business hours. This trading system is also economically beneficial for all the users involved in the trading process. An activity-based model is used to predict the daily agenda and trips of a synthetic population for Flanders (Belgium). These drivers can be initially classified into three sets; after d...

  17. The new electricity trading arrangements: prospects for market development

    International Nuclear Information System (INIS)

    Anon

    1999-09-01

    This Briefing Paper from OXERA argues that the OFGEM proposals will not solve the fundamental market problems and might even make things worse. They focus too narrowly on the technical design of one small part of the market (the Balancing Mechanism and associated imbalance settlement process), without considering the market context and dynamics. OXERA argues that the central emphasis of the White Paper was misplaced: reform of the electricity trading arrangements, the basis of the government's strategy, will not solve the upstream and downstream market problems. The Briefing Paper includes analysis of: the structure and operation of the proposed new electricity trading arrangements; risk in the electricity wholesale market, and the responses of market participants; the interaction between the new trading arrangements and other energy market developments - in particular, vertical integration between generators and suppliers; energy supply competition, and wider government policy; the prospects for market development under the new electricity trading arrangements. (author)

  18. Assessment of emission trading impacts on competitive electricity market price

    DEFF Research Database (Denmark)

    Singh, S.N.; Saxena, D.; Østergaard, Jacob

    2011-01-01

    analyzes the impact of electricity prices in the competitive electricity markets having a uniform market clearing price mechanism. Findings - It is found that the electricity prices depend on the system loading, generation mix, etc. at a particular hour. Various emission trading instruments are discussed...... side emission trading impact on electricity prices in the competitive power market. Design/methodology/approach - Various schemes are suggested and are being implemented to achieve this objective. It is expected that electricity price will increase due to imposition of emission taxes. This paper...... with a special emphasis on the European market. Research limitations/implications - Block bidding of the suppliers is considered whereas the demand is assumed to be inelastic. Originality/value - The emission trading impacts are analyzed on a simple example....

  19. Studies in market-based electric power trade and regulation

    International Nuclear Information System (INIS)

    Hope, Einar

    2000-01-01

    This is a compilation of articles written by the author during the last fifteen years. Most of the articles are related to the reform of the Norwegian electric power market. This reform led to the Energy Act of 1990 and to the subsequent development of the power markets. Some of the sections are in Norwegian, some in English. The sections discuss (1) Markets for electricity trade in Norway, (2) Economic incentives and public firm behaviour, (3) Market alternatives to the present forms of occasional power trade, (4) Socio-economic considerations about electricity pricing, (5) Scenarios for market based power trade in Norway, (6) Markets for electricity: economic reform of the Norwegian electricity industry, (7) The Norwegian power market, (8) A common Nordic energy market?, (9) Organization of supply markets for natural gas in Europe, (10) The extent of the central grid, (11) Optimum regulation of grid monopolies in the power trade, (12) Power markets and competition policy, (13) Deregulation of the Norwegian power sector, (14) designing a market based system for the Icelandic electricity industry and (15) regulation regimes for the power sector

  20. Status of electricity trading in the United States

    International Nuclear Information System (INIS)

    McMillan, P.H.

    1999-01-01

    The evolution of the energy marketplace in the United States is presented in a series of overhead viewgraphs. The influencing factors of energy trading are described as being supply concentration, rate cross subsidization, price volatility, physics, stranded investment, market structure and value drivers. A map depicting trading hubs and market structures is included, along with an outline of the key characteristics of a successful market hub. Gas-electric interface issues are also discussed. It was stated that contrary to conventional wisdom that as gas and electricity markets converge, traders will routinely cross-hedge gas and power, the practical reality is that volatility of the gas to electricity basis spread actually limits hedging opportunities. A winning strategy should include thorough fundamental and technical analysis; every trade or position should have a well thought-out exit strategy; get closer to physical assets; and be careful across regional hubs and commodities. 2 tabs., 7 figs

  1. The Impact of Emissions Trading on the Price of Electricity in Nord Pool : Market Power and Price Determination in the Nordic Electricity Market

    OpenAIRE

    Oranen, Anna

    2006-01-01

    The objective of this thesis is to find out how dominant firms in a liberalised electricity market will react when they face an increase in the level of costs due to emissions trading, and how this will effect the price of electricity. The Nordic electricity market is chosen as the setting in which to examine the question, since recent studies on the subject suggest that interaction between electricity markets and emissions trading is very much dependent on conditions specific to each market ...

  2. Review of inter-utility trade in electricity

    International Nuclear Information System (INIS)

    1994-01-01

    In 1992, Canada's National Energy Board released two discussion papers on inter-utility trade. Responses to the papers were received from utilities, government agencies, and other interested parties with regard to questions concerning measures that could be taken to enhance interprovincial trade in electricity and to enable buyers and sellers of electricity to obtain commercial access to available transmission capacity through intermediate provinces for wheeling purposes. The Board's review had estimated long-term net benefits from enhanced inter-utility cooperation at $23-32.5 billion by the year 2000 from such types of transactions as seasonal diversity exchanges and long-term firm sales. Seven types of options to achieve enhanced inter-utility trade were identified. Most of the respondent utilities and provinces that have direct access to external markets tended to prefer the status quo, opposing mandated solutions but supporting (or at least not opposing) federal monitoring of progress on enhanced inter-utility cooperation. Provinces and utilities without direct access to external markets tended to support (as a last resort) mandated solutions to disputes concerning electricity trade. Since the Board review, important events in the North American electricity supply industry have occurred; these are described, focusing on the US Energy Policy Act that gives powers to order transmission access. The formation by US utilities of regional transmission groups (RTGs) with federal encouragement is discussed, along with the implications for Canadian utilities that may want to become members of particular RTGs. The advantages and drawbacks of selecting the various options for enhancing inter-utility trade are then summarized. 1 tab

  3. Understanding the effect of an emissions trading scheme on electricity generator investment and retirement behaviour: the proposed carbon pollution reduction scheme

    Energy Technology Data Exchange (ETDEWEB)

    Lambie, N.R. [Australian National University, Canberra, ACT (Australia). Crawford School of Economics & Government

    2010-04-15

    The objective of a greenhouse gas (GHG) emissions trading scheme (ETS) is to reduce emissions by transitioning the economy away from the production and consumption of goods and services that are GHG intensive. A GHG ETS has been a public policy issue in Australia for over a decade. The latest policy initiative on an ETS is the proposed Carbon Pollution Reduction Scheme (CPRS). A substantial share of Australia's total GHG reduction under the CPRS is expected to come from the electricity generation sector. This paper surveys the literature on investment behaviour under an ETS. It specifically focuses on the relationship between the design of an ETS and a generator's decisions to invest in low emissions plant and retire high emissions plant. The proposed CPRS provides the context for presenting key findings along with the implications for the electricity generation sector's transition to lower emissions plant. The literature shows that design features such as the method of allocating permits, the stringency of the emissions cap along with permit price uncertainty, provisions for banking, borrowing and internationally trading permits, and the credibility of emissions caps and policy uncertainty may all significantly impact on the investment and retirement behaviour of generators.

  4. Economically optimized electricity trade modeling. Iran-Turkey case

    International Nuclear Information System (INIS)

    Shakouri G, H.; Eghlimi, M.; Manzoor, D.

    2009-01-01

    The advantages of power trade between countries, which are attainable for various facts, are distinguished now. Daily differences in the peak-load times of neighboring countries commonly occur for differences in the longitudes of their location. Seasonal differences are also caused by differences in the latitudes leading to different climates. Consequently, different load curves help to have such a production schedule that reduces blackouts and investments for power generation by planning for a proper trade between countries in a region. This paper firstly describes the methodology and framework for the power trade and then the results of an optimal power trade model between Iran and Turkey, which shows a potential benefit for both countries by peak shaving, are presented. The results, in the worst case design, represent optimality of about 1500 MW electricity export from Iran to Turkey at the Turkish peak times, as well as 447 MW electricity import from Turkey at the Iranian peak times. In addition, results derived from running a Long-Run model show that there will be greater potential for power export from Iran to Turkey, which is a guideline of an energy conservation strategy for both countries in the future. (author)

  5. Electric power trading. The first study on stakes and consequences of power trading

    International Nuclear Information System (INIS)

    2000-06-01

    Power trading (purchase/sale of electricity on a stock exchange) is an emerging activity in continental Europe while it already came to maturity in the US, in the UK and in Scandinavia. Several stock exchanges have opened since 1988, in particular in Germany, Spain and in The Netherlands. New projects of creation are under study, except in France where public authorities remain reticent with respect to this evolution. Power trade is deeply overturning the organization of power markets with offering an alternative to the direct supply from producers and distributors. This study presents the functioning modes of the main stock exchanges in operation today. It analyzes the stakes of power trade for all intervening parties of the market (historical actors, newcomers and consumers). The situation and the strategic behaviour of 12 key-actors of the power sector are also examined. (J.S.)

  6. Trade Integration Effects in ASEAN Countries

    Directory of Open Access Journals (Sweden)

    Yana Valeryevna Dyomina

    2015-09-01

    Full Text Available The paper examines evolution of trade integration process in ASEAN. The author employs three methods in order to evaluate the degree of ASEAN‘s trade integration that has been achieved over two decades since the signing of the Association of South-East Asian Nations Free Trade Area Agreement (AFTA in 1992. The high degree of trade integration among member states allows moving to the next stage of international economic integration (ASEAN countries are going to form ASEAN Community (the Common Market by the 1st of January 2016. So the study assesses the ASEAN’s preparedness to the Common Market by determining the share of mutual (intraregional trade, regional trade intensity index (RTII and trade integration effects (trade creation and trade diversion effects for each member state, 2 groups of ASEAN countries (ASEAN-6 and ASEAN-4 and the Association as a whole. The paper shows that despite the increase in the share of intraregional trade during the years of the AFTA functioning, the member states of ASEAN still demonstrate low levels of trade integration: a 75% of the Association’s external trade focuses on extra regional partners; b ASEAN as a whole has the low volume of RTII and among its member states only Singapore has the high one; c trade diversion effect prevails over trade creation one

  7. The impacts of EU CO2 emissions trading on electricity markets and electricity consumers in Finland

    International Nuclear Information System (INIS)

    Kara, M.; Syri, S.; Lehtilae, A.; Helynen, S.; Kekkonen, V.; Ruska, M.; Forsstroem, J.

    2008-01-01

    In this paper, the likely impacts of the EU emission trading system on the Nordic electricity market and on the position of various market actors are assessed. In its first phase, the EU CO 2 emission trading system includes power plants with thermal capacity greater than 20 MW, metals industry, pulp and paper industry, mineral industry and oil refineries. This paper describes the assessment done for the Finnish Minister of Trade and Industry, analysing the likely impacts on power plant operators, on energy-intensive industries, on other industries and on other consumer groups. The impacts of emissions trading were studied with the VTT electricity market model and with the TIMES energy system model. The annual average electricity price was found to rise 0.74 EUR MW h -1 for every 1 Euro tonne CO 2 -1 in the Nordic area. Large windfall profits were estimated to incur to electricity producers in the Nordic electricity market. In Finland, metals industry and private consumers were estimated to be most affected by the electricity market price increases. Expanded nuclear power generation could limit the increases in the prices of electricity to one-third compared to those in the base case

  8. Ontario's intertie capacity and electricity trade in the interconnected system

    International Nuclear Information System (INIS)

    Dorey, S.

    2002-01-01

    Hydro One's capacity of existing interconnections were described. The Ontario utility is within reach of about 320 GW electricity markets in neighbouring Quebec, New York, Michigan, Minnesota, and Manitoba. It is also within reach of 50 million customers, and 30 per cent of total U.S. energy consumption. The author emphasized the need for expanded interties and new interconnections. The status of new interconnections was described along with the rules regarding electric power import, export and wheeling. It was noted that compared to the United States, Canada has a higher proportion of clean hydro and nuclear power plants in its mix of power generation. Markets across North America are adopting electricity restructuring and open competition. However, the transmission grids were not designed to support market-driven electricity trading. Most transmission grids were built when utilities were tightly regulated and provided service only within their assigned regions. The current energy infrastructure is not equipped for large-scale swapping of power in competitive markets. It was also noted that growth in US power flows is outpacing transmission investment. This paper addressed the issue of license requirements, transmitter proposals for regulated investments, and non-rate base transmitter investments. It was concluded that while market rules are flexible enough to encourage inter-jurisdictional trade, the rules have to facilitate and encourage transmission investment. 8 figs

  9. Description of the electric power and energy trade in Finland

    International Nuclear Information System (INIS)

    Komulainen, K.

    1992-01-01

    The Finnish State has traditionally controlled the import of electricity, larger related investments and pricing. Lately, a market orientated economic policy has influenced energy policy and the amount of state control has gradually decreased. Decisions have yet to be made with regard to the fifth nuclear power reactor. The paper deals briefly with the subjects of the electric power, natural gas and oil markets. Finland's transmission network has connections to the former Russia and the Baltic countries. According to agreements within the European Community, Finland must now make changes in its electric power supply structure. Competition will be encouraged and monopolies discouraged. Pricing shall be transparent, and power plants must present written documentation for their management system, price regulations etc. A law must be passed to legitimate trade across the country's borders. Emphasis will be laid on energy conservation and energy research and consultant services. It is claimed that Finland's level of technology in this area lives up to international standards. (AB)

  10. Emissions trading and innovation in the German electricity industry

    Energy Technology Data Exchange (ETDEWEB)

    Cames, Martin

    2010-07-01

    One major objective of the introduction of emissions trading in the European Union was to promote innovation towards mitigating climate change. Focusing on the German electricity industry, the extent to which this objective has been achieved up to now and how the design of the trading scheme could be improved towards achieving the intended objective shall be analyzed in this thesis. These questions are tackled in the thesis from a theoretical and an empirical perspective. The theoretical analysis was largely based on neoclassical environmental economics by using an algebraic model which allowed for comparison of the relevant companies' profits under various configurations of the analyzed design options. The empirical analysis was grounded on two surveys of the electricity industry - one before the start of emissions trading, the other after two and a half years of experience - which enabled identification of the concrete changes in the companies' perceptions and attitudes towards innovation due to the introduction of emissions trading. The analysis reveals some indications that the instrument has basically functioned as originally intended although it has certainly not yet developed its full potential in terms of promoting innovation towards a more climate friendly electricity system. From an environmental innovation perspective the following improvements are essential: (1) Closure provisions should be abolished as soon as possible because they basically extend the lifetime of old installations and thus rather delay innovation. (2) Fuel-specific allocation to new entrants should also be abandoned since it eliminates - at least partly - the incentives to shift investments towards technologies which use more carbon friendly fuels such as natural gas or biomass. (3) Introducing full auctioning for the electricity industry would remedy both of the above-mentioned weaknesses and at the same time eliminate the windfall profit generated by free allocation of allowances

  11. Emissions trading and innovation in the German electricity industry

    Energy Technology Data Exchange (ETDEWEB)

    Cames, Martin

    2010-07-01

    One major objective of the introduction of emissions trading in the European Union was to promote innovation towards mitigating climate change. Focusing on the German electricity industry, the extent to which this objective has been achieved up to now and how the design of the trading scheme could be improved towards achieving the intended objective shall be analyzed in this thesis. These questions are tackled in the thesis from a theoretical and an empirical perspective. The theoretical analysis was largely based on neoclassical environmental economics by using an algebraic model which allowed for comparison of the relevant companies' profits under various configurations of the analyzed design options. The empirical analysis was grounded on two surveys of the electricity industry - one before the start of emissions trading, the other after two and a half years of experience - which enabled identification of the concrete changes in the companies' perceptions and attitudes towards innovation due to the introduction of emissions trading. The analysis reveals some indications that the instrument has basically functioned as originally intended although it has certainly not yet developed its full potential in terms of promoting innovation towards a more climate friendly electricity system. From an environmental innovation perspective the following improvements are essential: (1) Closure provisions should be abolished as soon as possible because they basically extend the lifetime of old installations and thus rather delay innovation. (2) Fuel-specific allocation to new entrants should also be abandoned since it eliminates - at least partly - the incentives to shift investments towards technologies which use more carbon friendly fuels such as natural gas or biomass. (3) Introducing full auctioning for the electricity industry would remedy both of the above-mentioned weaknesses and at the same time eliminate the windfall profit generated by free allocation of

  12. Virtual CO2 Emission Flows in the Global Electricity Trade Network.

    Science.gov (United States)

    Qu, Shen; Li, Yun; Liang, Sai; Yuan, Jiahai; Xu, Ming

    2018-05-14

    Quantifying greenhouse gas emissions due to electricity consumption is crucial for climate mitigation in the electric power sector. Current practices primarily use production-based emission factors to quantify emissions for electricity consumption, assuming production and consumption of electricity take place within the same region. The increasingly intensified cross-border electricity trade complicates the accounting for emissions of electricity consumption. This study employs a network approach to account for the flows in the whole electricity trade network to estimate CO 2 emissions of electricity consumption for 137 major countries/regions in 2014. Results show that in some countries, especially those in Europe and Southern Africa, the impacts of electricity trade on the estimation of emission factors and embodied emissions are significant. The changes made to emission factors by considering intergrid electricity trade can have significant implications for emission accounting and climate mitigation when multiplied by total electricity consumption of the corresponding countries/regions.

  13. Legal market abuse regulations of WpHG (law on stock trading) and the REMIT-VO in the electricity spot trading

    International Nuclear Information System (INIS)

    Retsch, Alexander T.

    2014-01-01

    The thesis on legal market abuse regulations of WpHG (law on stock trading) and the REMIT-VO in the electricity spot trading include the discussion of the following issues: market abuse, its forms of appearance (market manipulation, insider trade, insider information), electricity spot trading, relevant legislative frame, market abuse regulations (WpHG), interdiction of market manipulation and related regulations.

  14. Seamless electricity trade between Canada and US Northeast

    International Nuclear Information System (INIS)

    Bernard, J.-T.; Clavet, Frederic; Ondo, J.-C.

    2005-01-01

    We analyze how the wholesale electricity market deregulation could modify exchanges between three Canadian regions (Ontario, Quebec and New Brunswick) and two US regions (New York and New England), on the base of their loads and available resources when the regulatory change took place in 1997. We find that the pre-1997 exchanges already made possible fuel cost savings of $397.2 million per year while deregulation adds annual savings of $358.7 million. Canadian regions are the main beneficiaries under the assumption that exports are priced at the marginal costs of the importing regions. Imports from the Canadian regions, although significant, are not large enough to lower the marginal costs of the US regions. Hence electricity deregulation across the border should not significantly decrease prices in the US regions although the latter are becoming more dependent upon imports from Canada. Greenhouse gas emissions increase by 4.3 Mt CO 2 eq. in the wake of the open wholesale electricity market because of the low cost of coal, particularly in Ontario. Environmental concerns and the limited availability of additional hydroelectric power in Canada could change the trade patterns as electricity demand continue to grow

  15. Study on Electricity Purchase Optimization in Coordination of Electricity and Carbon Trading

    Science.gov (United States)

    Liu, Dunnan; Meng, Yaru; Zhang, Shuo

    2017-07-01

    With the establishment of carbon emissions trading market in China, the power industry has become an important part of the market participants. The power grid enterprises need to optimize their own strategies in the new environment of electricity market and carbon market coordination. First, the influence of electricity and carbon trading coordination on electricity purchase strategy for grid enterprises was analysed in the paper. Then a power purchase optimization model was presented, which used the minimum cost of low carbon, energy saving and environment protection as the goal, the power generation capacity, installed capacity and pollutant emission as the constraints. Finally, a provincial power grid was taken as an example to analyse the model, and the optimization order of power purchase was obtained, which provided a new idea for the low carbon development of power grid enterprises.

  16. Seamless electricity trade between Canada and the U.S. northeast

    International Nuclear Information System (INIS)

    Bernard, J.T.; Clavet, F.; Ondo, J.C.

    2003-01-01

    In January 1997, the wholesale electricity market in the United States (U.S.) opened to competition following FERC Order 888 which allowed producers and local distribution companies to sell electricity at market prices. The deregulation of the wholesale electricity market in the U.S. is regarded as an opportunity for the Canadian electric power industry to increase profit. This paper examined the price and trade effects for Ontario, Quebec, New Brunswick, New York and New England resulting from the seamless border created by deregulation. Pre-1997 exchanges made possible fuel cost savings of $397.2 million per year. Deregulation added annual savings of $358.7 million. The main beneficiaries are Canadian regions because exports are priced at the marginal costs of the importing regions. Imports from the Canadian regions are not large enough to lower the marginal costs of the U.S. regions. Therefore, electricity deregulation across the border is not likely to greatly decrease prices in the U.S. regions. It was also noted that the U.S. is becoming more dependant upon Canadian electricity imports. Since wholesale markets were opened, greenhouse gas (GHG) emissions increased by 4.3 Mt of carbon dioxide equivalent because of the low cost of coal, mostly in Ontario. Trade patterns may change with growing electricity demand and environmental concerns. 17 refs., 12 tabs., 1 fig

  17. Cultural Effects of Trade Liberalization

    OpenAIRE

    Steven M. Suranovic; Robert Winthrop

    2005-01-01

    We incorporate culture into a standard trade model in two distinct ways. In the ¡°cultural affinity from work¡± model, workers receive a non- pecuniary cultural benefit from work in a particular industry. In the ¡°cultural externality¡± model, consumers of a product receive utility from other consumer¡¯s consumption of a domestic good. We show that resistance to change due to cultural concerns can reduce the national benefits from trade liberalization. Complete movements to free trade will ha...

  18. Dynamic Interaction between Cap & Trade and Electricity Markets

    Science.gov (United States)

    Jeev, Kumar

    Greenhouse Gases (GHG), such as Carbon-Dioxide (CO2), which is released in the atmosphere due to anthropogenic activities like power production, are now accepted as the main culprits for global warming. The Regional Greenhouse Gas Initiative (RGGI), an initiative of the North East and Mid-Atlantic States of the United States (US) for limiting the emission of GHG, has developed a regional cap-and-trade program for CO2 emissions for power plants. Existing cap-and-trade programs in US and Europe for Greenhouse Gases have recently been plagued by over-allocation. Carbon prices recently collapsed in all these markets during the global recession. Since then, there have been significant policy changes, which have resulted in the adoption of aggressive emission cap targets by most major carbon emission markets. This is expected to make carbon emissions availability more restrictive, raising the prices of these credits. These emissions markets are expected to have a major impact on the wholesale electricity markets. Two models to study the interaction of these two markets are presented. These models assess the impact of the emissions market on wholesale electricity prices. The first model characterizes the competition between two types of power plants (coal and gas) in both the electricity and emissions markets as a dynamic game using the Cournot approximation. Under this approximation, we find that in the Nash equilibrium the plants increase their permit allocation to high-demand periods and the marginal value of each credit for a plant is identical in all periods under their optimal equilibrium strategy. The second numerical model allows us to explicitly evaluate the closed loop equilibrium of the dynamic interaction of two competitors in these markets. We find that plants often try to corner the market and push prices all the way to the price cap. Power plants derive most of their profits from these extreme price regimes. In the experiments where trading is allowed

  19. Does trade liberalization effect energy consumption?

    International Nuclear Information System (INIS)

    Ghani, Gairuzazmi M.

    2012-01-01

    The effect of trade liberalization on the environment can be directly linked to energy consumption, because energy consumption and production are the underlying cause of most pollutants that harm the environment. The descriptive statistics show that average annual growth of energy consumption per capita after trade liberalization varies among countries; hence it is a possibility that the effect of trade liberalization is conditional on factors other than liberalization per se. The regression results show that trade liberalization per se does not affect the growth of energy consumption of the developing countries analyzed, but its interaction with capital per labor reduces the growth of energy consumption as capital per labor increases. However, the effect is only significant after a certain minimum threshold level capital per labor is reached. On the other hand, economic growth increases energy consumption and its effect is not conditioned on trade liberalization. These two different effects mean that, with regards to energy consumption, countries at a higher level of economic development are more likely to reap the benefit of liberalization relative to less developed countries. - Research highlights: ► This paper examines the effect of trade liberalization on energy consumption. ► Developed countries are more likely to reap the benefit of trade liberalization. ► Growth of energy consumption after trade liberalization varies among countries. ► Interaction of capital per labor with liberalization reduces energy consumption.

  20. The impact of the EU emissions trading scheme on the price of electricity in the Netherlands

    International Nuclear Information System (INIS)

    Sijm, J.P.M.

    2004-02-01

    In this paper a specific aspect of the proposed EU Emissions Trading System (EU ETS) is discussed, namely the potential impact of the EU ETS on the price of electricity in the Netherlands and, hence, the potential implications for Dutch power producers and consumers. It shows that the EU ETS may lead to a significant increase in the price of electricity in the Netherlands (and other EU Member States), depending on the marginal costs of emissions trading (i.e. the price of an emission allowance), the emission factor of the marginal production technology to generate electricity, and the extent to which the costs of emissions trading will be passed on to the end-users of electricity. If, for one reason or another, these costs will not be passed on to power consumers, it will have an adverse impact on overall efficiency from both an energy and economic point of view. On the other hand, if - as expected - these costs are indeed passed on to end-users of electricity, it will benefit power producers (mainly owing to the economic rent of allocating emission allowances for free), while it will harm those energy-intensive industries that, in turn, are not able to pass the higher electricity costs to their customers (resulting in a loss of economic production and income). To some degree, these effects can be best avoided by auctioning emission allowances mandatory throughout the EU ETS and using the auction revenues to reduce the overall level of taxation and social premiums in order to improve the overall competitiveness of domestic industries and to (partly) compensate power consumers for the ET-induced increase in the price of electricity

  1. Multi-period emissions trading in the electricity sector-winners and losers

    International Nuclear Information System (INIS)

    Bode, Sven

    2006-01-01

    In the context of controlling greenhouse gas emissions, the directive on a Europe-wide trading scheme may be perceived as one of the most important milestones in recent years. Prior to its start, however, a number of very specific design features have to be agreed upon. Regarding the allocation of allowances, a distribution (almost) free of charge seems to be the most likely choice. An aspect that has interestingly attracted little attention in the past is the question of how to allocate emission rights over time. The following paper analyses different allocation options in multi-period emissions trading that are currently discussed in the European context. The options are applied for the electricity sector which is simulated over two periods. The paper distinguishes between a market effect of emissions trading and compliance costs for meeting the emission reduction obligation. The market effect results from a price increase which is due to the fact that opportunity costs for using allowances must be considered. It turns out that the electricity sector as a whole gains from the introduction of the instrument due to the increase of the electricity price. With regard to the different allocation options, it is found that utilities have different preferences depending on the fuel used

  2. The Logistics Performance Effect in International Trade

    Directory of Open Access Journals (Sweden)

    Azmat Gani

    2017-12-01

    Full Text Available The continuous growth in world trade depends on the efficiency of trade support structures such as the logistics services. Despite logistics integral role in supporting commercial activities, there has generally been a low level of analysis and trade policy research focus from trade practitioners. This paper explores the effect of logistics performance in international trade. The analysis draws on overall logistics performance as well as disaggregated measures of logistics specificities data for a large sample of countries. The empirical analysis involved the estimation of standard export and import equations incorporating measures of logistics performance. The findings show that the overall logistics performance is positively and statistically significantly correlated with exports and imports. The analysis is also extended by investigating if logistics specificities mattered for international trade. The findings reveal that several dimensions capturing logistics performance have statistically significant and positive effect, mostly on exports. The main policy implication is that continuous investment in logistics infrastructure and services can positively impact international trade.

  3. The effects of competing trade regimes on bilateral trade flows: case of Serbia

    Directory of Open Access Journals (Sweden)

    Predrag Bjelić

    2012-12-01

    Full Text Available The aim of this paper is to investigate the effects of competing trade regimes on Serbian trade with its most significant (traditional partners, like European Union and CEFTA 2006 signatories, and other untraditional trade partners with favourable trade regime, like the USA. To this end, gravity model with bilateral and time effects is estimated by Hausman-Taylor AR(1 instrumental variable estimator, using panel data on bilateral trade between Serbia and its main trade partners during the period 2001-2010. The results indicate that overall level of development and difference in factor endowments stimulate Serbia’s exports, which is in accordance with theoretical foundation that inter-industry trade is predominant in exports of less developed countries. Moreover, competing trade regimes appear as important determinant of Serbia’s trade relations, whereas additional liberalization of trade regime with the USA as untraditional trade partner, even asymmetrical to Serbia’s favour, cannot divert trade flows from traditional partners in the long-run. This could mean that distance plays more prominent role in bilateral trade than the degree of liberalization of trade regimes in case of Serbia. The result could be due to the contemporaneous effects of trade preferences granted to Serbia by the EU and other CEFTA 2006 signatories, main trading partners of Serbia.

  4. Evaluation of CO2 free electricity trading market in Japan by multi-agent simulations

    International Nuclear Information System (INIS)

    Sichao, Kan; Yamamoto, Hiromi; Yamaji, Kenji

    2010-01-01

    As of November 2008, a new market, the CO 2 free electricity market, started pilot trading within the Japan Electric Power Exchange (JEPX). The electricity in this market comes from renewable resources, nuclear or fossil thermal power with CDM credits. The demanders of the CO 2 free electricity are supposed to be the power companies with high emission rates. In this paper, we analyzed the effects of the new market by using a multi-agent based model to simulate the markets. From our simulation results, we found that the demander, under strict CO 2 emission regulations, tends to buy more electricity from the new CO 2 free market even though the price of this market is higher than that of the normal power exchange market. Suppliers with hydro or nuclear power plants only sell their electricity to the CO 2 free market, and suppliers with coal power plants also enter this market (with CDM credits). The media and peak demands in the normal market are met mainly by electricity from LNG power plants. We also compared the results from the multi-agent approach with those from the least-cost planning approach and found that the results of the two methods were similar. (author)

  5. 75 FR 12737 - Applications To Export Electric Energy; Noble Energy Marketing and Trade Corp.

    Science.gov (United States)

    2010-03-17

    ... impact on the reliability of the U.S. electric power supply system. Copies of this application will be... DEPARTMENT OF ENERGY [OE Docket Nos. EA-363 and EA-364] Applications To Export Electric Energy; Noble Energy Marketing and Trade Corp. AGENCY: Office of Electricity Delivery and Energy Reliability...

  6. 75 FR 57911 - Application to Export Electric Energy; EDF Trading North America, LLC

    Science.gov (United States)

    2010-09-23

    ... DEPARTMENT OF ENERGY [OE Docket No. EA-373] Application to Export Electric Energy; EDF Trading...)). On August 30, 2010, DOE received an application from EDF for authority to transmit electric energy... service area. The electric energy that EDF proposes to export to Mexico would be surplus energy purchased...

  7. 75 FR 75994 - Application To Export Electric Energy; Sempra Energy Trading LLC

    Science.gov (United States)

    2010-12-07

    ... DEPARTMENT OF ENERGY [OE Docket No. EA-191-D] Application To Export Electric Energy; Sempra Energy... application. SUMMARY: Sempra Energy Trading LLC (SET) has applied to renew its authority to transmit electric... transmit electric energy from the United States to Canada for a two- year term as a power marketer using...

  8. 75 FR 22578 - Application To Export Electric Energy; Centre Lane Trading Limited

    Science.gov (United States)

    2010-04-29

    ... DEPARTMENT OF ENERGY [OE Docket No. EA-365] Application To Export Electric Energy; Centre Lane... application. SUMMARY: Centre Lane Trading Limited (CLT) has applied for authority to transmit electric energy...)). On April 20, 2010, DOE received an application from CLT for authority to transmit electric energy...

  9. 75 FR 26202 - Application To Export Electric Energy; EDF Trading North America, LLC

    Science.gov (United States)

    2010-05-11

    ... DEPARTMENT OF ENERGY [OE Docket No. EA-367] Application To Export Electric Energy; EDF Trading...)). On April 27, 2010, DOE received an application from EDF for authority to transmit electric energy... franchised service area. The electric energy that EDF proposes to export to Canada would be surplus energy...

  10. Welfare Impact of Virtual Trading on Wholesale Electricity Markets

    Science.gov (United States)

    Giraldo, Juan S.

    Virtual bidding has become a standard feature of multi-settlement wholesale electricity markets in the United States. Virtual bids are financial instruments that allow market participants to take financial positions in the Day-Ahead (DA) market that are automatically reversed/closed in the Real-Time (RT) market. Most U.S. wholesale electricity markets only have two types of virtual bids: a decrement bid (DEC), which is virtual load, and an increment offer (INC), which is virtual generation. In theory, financial participants create benefits by seeking out profitable bidding opportunities through arbitrage or speculation. Benefits have been argued to take the form of increased competition, price convergence, increased market liquidity, and a more efficient dispatch of generation resources. Studies have found that price convergence between the DA and RT markets improved following the introduction of virtual bidding into wholesale electricity markets. The improvement in price convergence was taken as evidence that market efficiency had increased and many of the theoretical benefits realized. Persistent price differences between the DA and RT markets have led to calls to further expand virtual bidding as a means to address remaining market inefficiencies. However, the argument that price convergence is beneficial is extrapolated from the study of commodity and financial markets and the role of futures for increasing market efficiency in that context. This viewpoint largely ignores details that differentiate wholesale electricity markets from other commodity markets. This dissertation advances the understanding of virtual bidding by evaluating the impact of virtual bidding based on the standard definition of economic efficiency which is social welfare. In addition, an examination of the impacts of another type of virtual bid, up-to-congestion (UTC) transactions is presented. This virtual product significantly increased virtual bidding activity in the PJM interconnection

  11. Assessing the advantages and drawbacks of government trading of guarantees of origin for renewable electricity in Europe

    Energy Technology Data Exchange (ETDEWEB)

    Ragwitz, Mario [Fraunhofer Institute Systems and Innovation Research, Breslauer Street 48, D-76139 Karlsruhe (Germany); Del Rio Gonzalez, Pablo [Institute for Public Goods and Policies (IPP), Centro de Ciencias Humanas y Sociales, Consejo Superior de Investigaciones Cientificas (CSIC), C/Albasanz 26-28, 28037 Madrid (Spain); Resch, Gustav [Energy Economics Group, Vienna University of Technology, Gusshausstrasse 25-29/373-2, A-1040 Vienna (Austria)

    2009-01-15

    The European Commission has proposed a new Renewable Energy Directive, which includes flexibility provisions allowing the cost-effective attainment of the ambitious target for renewable energy of 20% of energy consumption, which has been set for the year 2020. One of the flexibility provisions currently being considered is to allow countries to reach their individual targets by buying their renewable electricity deployment deficit from other countries with a surplus (i.e., with a renewable electricity deployment above their targets). This trade is likely to take the form of an exchange in guarantees of origin (GOs). GOs are currently implemented in Member States to fulfil the Renewable Electricity Directive requirement that each country has a system that allows the tracing of the source of each kWh of renewable electricity and informs on this source. Although the recent and tiny literature on the analysis of GO trading has focused on trade between firms, the exchange of GOs between governments has not received a comparable attention. This paper analyses the advantages and drawbacks of a system of government trading of GOs with respect to company trading. (author)

  12. Assessing the advantages and drawbacks of government trading of guarantees of origin for renewable electricity in Europe

    International Nuclear Information System (INIS)

    Ragwitz, Mario; Del Rio Gonzalez, Pablo; Resch, Gustav

    2009-01-01

    The European Commission has proposed a new Renewable Energy Directive, which includes flexibility provisions allowing the cost-effective attainment of the ambitious target for renewable energy of 20% of energy consumption, which has been set for the year 2020. One of the flexibility provisions currently being considered is to allow countries to reach their individual targets by buying their renewable electricity deployment deficit from other countries with a surplus (i.e., with a renewable electricity deployment above their targets). This trade is likely to take the form of an exchange in guarantees of origin (GOs). GOs are currently implemented in Member States to fulfil the Renewable Electricity Directive requirement that each country has a system that allows the tracing of the source of each kWh of renewable electricity and informs on this source. Although the recent and tiny literature on the analysis of GO trading has focused on trade between firms, the exchange of GOs between governments has not received a comparable attention. This paper analyses the advantages and drawbacks of a system of government trading of GOs with respect to company trading. (author)

  13. Internalizing carbon costs in electricity markets: Using certificates in a load-based emissions trading scheme

    International Nuclear Information System (INIS)

    Gillenwater, Michael; Breidenich, Clare

    2009-01-01

    Several western states have considered developing a regulatory approach to reduce greenhouse gas (GHG) emissions from the electric power industry, referred to as a load-based (LB) cap-and-trade scheme. A LB approach differs from the traditional source-based (SB) cap-and-trade approach in that the emission reduction obligation is placed upon Load Serving Entities (LSEs), rather than electric generators. The LB approach can potentially reduce the problem of emissions leakage, relative to a SB system. For any of these proposed LB schemes to be effective, they must be compatible with modern, and increasingly competitive, wholesale electricity markets. LSE's are unlikely to know the emissions associated with their power purchases. Therefore, a key challenge for a LB scheme is how to assign emissions to each LSE. This paper discusses the problems with one model for assigning emissions under a LB scheme and proposes an alternative, using unbundled Generation Emission Attribute Certificates. By providing a mechanism to internalize an emissions price signal at the generator dispatch level, the tradable certificate model addresses both these problems and provides incentives identical to a SB scheme

  14. Cross-Country Electricity Trade, Renewable Energy and European Transmission Infrastructure Policy

    OpenAIRE

    Abrell, Jan; Rausch, Sebastian

    2016-01-01

    This paper develops a multi-country multi-sector general equilibrium model, integrating high-frequency electricity dispatch and trade decisions, to study the e ects of electricity transmission infrastructure (TI) expansion and re- newable energy (RE) penetration in Europe for gains from trade and carbon dioxide emissions in the power sector. TI can bene t or degrade environ- mental outcomes, depending on RE penetration: it complements emissions abatement by mitigating dispatch problems associ...

  15. CO2-emission trading and green markets for renewable electricity. Wilmar - deliverable 4.1

    DEFF Research Database (Denmark)

    Azuma-Dicke, N.; Morthorst, Poul Erik; Ravn, H.F.

    2004-01-01

    This report is Deliverable 4.1 of the EU project “Wind Power Integration in Liberalised Electricity Markets” (WILMAR) and describes the application of two policy instruments, Tradable Emissions Permits (TEP’s) and Tradable Green Certificates (TGC’s) forelectricity produced from renewable energy...... sources in the European Union and the implications for implementation in the Wilmar model. The introduction of a common emission-trading system in the EU is expected to have an upward effect on the spot pricesat the electricity market. The variations of the spot price imply that some types of power...... generation may change the situation from earning money to losing money despite the increasing spot price. Heavy restrictions on emissions penalise thefossil-fuelled technologies significantly, and the associated increase in the spot price need not compensate for this. Therefore, a market of TEP’s is expected...

  16. The surveillance of the electricity wholesale market and emission trading market

    International Nuclear Information System (INIS)

    Luedemann, Volker

    2015-01-01

    The Regulation on Wholesale Market Integrity and Transparency (REMIT) and the German Law on the Establishment of a Market Transparency Office for Wholesale Trade in Electricity and Gas (MTS-G) have fundamentally changed the surveillance of electricity wholesale trade in Germany. From now on the Federal Network Agency and the Federal Cartel Office will be jointly responsible for monitoring the electricity wholesale trade for suspicious market phenomena and abusive behaviour. The REMIT specifies that the electricity trade must be surveilled ''with due consideration to interactions'' with the emission trade system. However, occurrences observed in recent years have shown that the emission trading system is in need of reform. This has also been recognised and has prompted extensive corrective action by the regulatory authorities of the European Union. These changes have yet to be transposed into the national surveillance regimes. The present article explains why the new role accorded to the Federal Network Agency under the REMIT fails to eliminate the structural shortcomings of the old surveillance system. At least the decision to put the collection and evaluation of data exclusively in the hands of the market transparency office and the cooperation this will prompt between the supervisory authorities responsible will make the task of surveilling the energy wholesale trading market a lot easier for the authorities. The energy transition and its exigencies will yet lead to further changes in the market and its surveillance regime.

  17. The Impact of the EU Emissions Trading System on CO{sub 2} Intensity in Electricity Generation

    Energy Technology Data Exchange (ETDEWEB)

    Widerberg, Anna (Dept. of Economics, Goeteborgs Univ., Goeteborg (Sweden)); Wraake, Markus (Swedish Environmental Research Institute Ltd., Stockholm (Sweden)). e-mail: markus.wrake@ivl.se

    2009-07-15

    Prior to the launch of the EU Emissions Trading System (EU ETS) in 2005, the electricity sector was widely proclaimed to have more low-cost emission abatement opportunities than other sectors. If this were true, effects of the EU ETS on carbon dioxide (CO{sub 2}) emissions would likely be visible in the electricity sector. Our study looks at the effect of the price of emission allowances (EUA) on CO{sub 2} emissions from Swedish electricity generation, using an econometric time series analysis for the period 2004-2008. We control for effects of other input prices and hydropower reservoir levels. Our results do not indicate any link between the price of EUA and the CO{sub 2} emissions of Swedish electricity production. A number of reasons may explain this result and we conclude that other determinants of fossil fuel use in Swedish electricity generation probably diminished the effects of the EU ETS

  18. Will free trade in electricity between Ontario/Canada and the U.S. improve air quality?

    International Nuclear Information System (INIS)

    Plagiannakos, T.

    2000-10-01

    The impact of the North American Free Trade Agreement (NAFTA) on electricity trade between Canada and the United States is assessed. Results of this study indicate that free trade in electricity between Ontario and the U.S. will not affect air quality since both Canada and the United States have made significant reductions in emissions and are committed to further reductions and tighter NOx emission standards in the future. In the short-term, however, if open access takes place before tighter NOx emission standards take effect, emissions could increase and adversely affect air quality both in Canada and the U.S. To reduce the extent of air quality deterioration it is proposed that (1) environmental regulations take into consideration regional differences, (2) emission standards for electricity generators in Canada and the U.S. continue to converge to ensure competition on a level playing field, (3) electricity trading programs be harmonized to enable generation companies to take advantage of opportunities for reducing emissions at the lowest cost, (4) Canada and the U.S. establish a process for harmonizing future environmental regulations for mercury emissions, long-term targets for sulphur dioxide and NOx emissions as well as for particulates emissions. 4 refs., 21 figs

  19. Australian Apprentice & Trainee Statistics: Electrical and Electronics Trades, 1995 to 1999. Australian Vocational Education & Training.

    Science.gov (United States)

    National Centre for Vocational Education Research, Leabrook (Australia).

    Statistics regarding Australians participating in apprenticeships and traineeships in the electrical and electronics trades in 1995-1999 were reviewed to provide an indication of where skill shortages may be occurring or will likely occur in relation to the following occupations: electrical engineering associate professional; electronics…

  20. GENETICALLY MODIFIED CROPS: INTERNATIONAL TRADE AND TRADE POLICY EFFECTS

    Directory of Open Access Journals (Sweden)

    George Frisvold

    2015-04-01

    Full Text Available Where approved, producers have adopted genetically modified (GM crops extensively. Yet, areas not adopting GM crops account for large shares of production and consumption. GM crops differ from previous agricultural innovations because consumers may perceive them as fundamentally different from (and potentially inferior to conventionally grown crops. Many countries maintain restrictions on production and importation of GM crops. GM crop adoption affects producers and consumers, not only through technological change, but also through trade policy responses. This article reviews open economy analyses of impacts of GM crops. To varying degrees, commodities are segmented into GM, conventionally grown, and organic product markets. Recent advances in trade modeling consider the consequences of market segmentation, along with consequences of GM crop import restrictions, product segregation requirements, and coexistence policies.

  1. The integrated North American electricity market : assuring an adequate supply of electricity through cross-border cooperation and trade

    International Nuclear Information System (INIS)

    Egan, T.

    2005-03-01

    The purpose of this paper is to support cooperation and discussion of the long-term sufficiency of the electricity trading system between Canada and the United States. It discusses the integrated electricity market including details on exports and imports of electricity, major transmission interconnections, the economic and environmental benefits of an integrated market and electricity generation statistics by fuel source. The paper also discusses several areas of cooperation and presents several recommendations including: greater dialogue on regional supply requirements; mandatory reliability standards; coordinated regulatory approaches to new cross-border transmission; the role of emerging generation and transmission technologies; opportunities to exchange experience and learning on demand-side measures; coordinated strategies to manage greenhouse gas and other air pollutants; and, critical infrastructure protection. The paper concludes that the integration between Canada and the United States will only increase as energy demand and trade continue to grow, making close cooperation between the two countries a necessity. 6 figs

  2. The Effect of International Trade on Rule of Law

    Directory of Open Access Journals (Sweden)

    Junsok Yang

    2013-03-01

    Full Text Available In this paper, we look at the relationship between international trade and the rule of law, using the World Justice Project Rule of Law Index, which include index figures on human rights, limits on government powers, transparency and regulatory efficiency. Based on regression analyses using the rule of law index figures and international trade figures (merchandise trade, service trade, exports and importsIn this paper, we look at the relationship between international trade and the rule of law, using the World Justice Project Rule of Law Index, which include index figures on human rights, limits on government powers, transparency and regulatory efficiency. Based on regression analyses using the rule of law index figures and international trade figures (merchandise trade, service trade, exports and imports as percentage of GDP, international trade and basic human rights seem to have little relationship; but trade has a close positive relationship with strong order and security. Somewhat surprisingly, regulatory transparency and effective implementation seems to have little or no effect on international trade and vice versa. International trade shows a clear positive relationship with the country’s criminal justice system, but the relationship with the civil justice system is not as clear as such. For regulatory implementation and civil justice, services trade positively affect these institutions, but these institutions in turn affect exports more strongly than services trade. Finally, the effect of trade on rule of law is stronger on a medium to long term (10-20 year time horizon.

  3. Gas fair and electricity : Speaker presentations of the 6. annual North American natural gas and electricity conference and trade fair

    International Nuclear Information System (INIS)

    Anon.

    1997-01-01

    Future prospects of North American natural gas and electric utilities following deregulation, competition and restructuring have been the principal topics of the 22 papers presented at the 6. North American Natural Gas and Electricity Conference and Trade Fair. Progress in some of the major pipeline projects that will bring Canadian gas to US markets, other pipeline issues, energy financing and the impact of technology in this new era of competition also received attention. figs

  4. Emissions trading in the context of electricity deregulation : a case study on Ontario

    International Nuclear Information System (INIS)

    Johns, G.

    2003-01-01

    This presentation discussed the deregulation of the electric power industry in Ontario and Alberta with particular reference to emissions trading, emissions profiles for the two provinces, and current market rules. It was noted that deregulation in Ontario is the major impetus for developing an emission trading system. Alberta is also in the process of developing an emission trading system for all industry sectors. The author discussed Ontario's Bill 210 which places a 6 year cap on prices and which offers tax incentives for renewable energy sources. It was argued that Bill 210 negates new generation and inhibits participants and competition in emissions trading market. Ontario generators face competitiveness concerns with neighbouring jurisdictions. Current market rules were outlined for emission caps, allocation for nitrogen oxide and sulfur dioxide allowances, credit creation, emission trading, and credit use. 6 figs

  5. Review of inter-utility trade in electricity: Analyses of submissions

    International Nuclear Information System (INIS)

    1994-04-01

    In November 1992, Canada's National Energy Board released two discussion papers describing its review of inter-utility trade in electricity. The review was undertaken to report on measures that could be taken to enhance interprovincial trade in electricity by encouraging greater cooperation among utilities in systems planning and development, and by enabling buyers and sellers of electricity to obtain commercial access to available transmission capacity through intermediate provinces for wheeling purposes. Interested parties were invited to comment on the papers and 42 responses were received from Canadian utilities, provincial governments, regulatory agencies, and others. These responses are summarized and analyzed, providing an indication of how future policy initiatives on electricity trade might be received. Most submitters agreed that there is a need to enable commercial access to available transmission capacity through intermediate provinces for wheeling purposes. Of the seven options described in the discussion papers that would enable buyers and sellers of electricity to gain commercial access to transmission grids, the status quo was preferred by those utilities and provinces that have direct access to export markets by virtue of their geographic location. Those utilities and provinces that do not have such direct access tend to support, as a last resort, mandated solutions to disputes concerning electricity trade. 78 figs

  6. The significance of interconnector counter-trading in a security constrained electricity market

    International Nuclear Information System (INIS)

    Higgins, P.; Li, K.; Devlin, J.; Foley, A.M.

    2015-01-01

    Throughout the European Union there is an increasing amount of wind generation being dispatched-down due to the binding of power system operating constraints from high levels of wind generation. This paper examines the impact a system non-synchronous penetration limit has on the dispatch-down of wind and quantifies the significance of interconnector counter-trading to the priority dispatching of wind power. A fully coupled economic dispatch and security constrained unit commitment model of the Single Electricity Market of the Republic of Ireland and Northern Ireland and the British Electricity Trading and Transmission Arrangement was used in this study. The key finding was interconnector counter-trading reduces the impact the system non-synchronous penetration limit has on the dispatch-down of wind. The capability to counter-trade on the interconnectors and an increase in system non-synchronous penetration limit from 50% to 55% reduces the dispatch-down of wind by 311 GW h and decreases total electricity payments to the consumer by €1.72/MW h. In terms of the European Union electricity market integration, the results show the importance of developing individual electricity markets that allow system operators to counter-trade on interconnectors to ensure the priority dispatch of the increasing levels of wind generation. - Highlights: • Interconnector counter-trading reduces the system marginal price in the SEM. • Dispatch-down of wind power is reduced due to interconnector counter-trading. • A 5% increase in the SNSP limit can reduce wind power dispatched-down by 50%. • An increase in the SNSP limit and installed wind capacity reduces the SMP.

  7. Are the British electricity trading and transmission arrangements future-proof?

    International Nuclear Information System (INIS)

    Green, Richard

    2010-01-01

    In Great Britain, electricity is traded in an energy-only market that relies upon bilateral trading until shortly before real time. The GB System Operator also uses bilateral trading to respond to changes in demand and generation and resolve transmission constraints. Prices are not explicitly spatial, although well-placed generators can charge the system operator more for their output. This paper argues that these arrangements are not well-suited for the challenges of accommodating nearly thirty percent of intermittent wind generation, often located far from demand. The market design already implemented in the north-eastern United States is likely to be more efficient. (author)

  8. Trading with energy derivatives in the U.S. electricity market : a NYMEX update

    International Nuclear Information System (INIS)

    Burke, L.

    1998-01-01

    This presentation provided a primer on futures and options trading, trading in energy derivatives and the role that NYMEX, the New York Mercantile Exchange plays in this area. Among many other concepts put and call options, the benefits of options, hedging, the characteristics of a hedge are defined, with an explanation of the significance and the application of these concepts in risk management. The nature of futures contracts for oil, natural gas and electricity, and the current status of the eastern and western electricity markets in the United States are also outlined. tabs., figs

  9. Cap-and-Trade Modeling and Analysis: Congested Electricity Market Equilibrium

    Science.gov (United States)

    Limpaitoon, Tanachai

    This dissertation presents an equilibrium framework for analyzing the impact of cap-and-trade regulation on transmission-constrained electricity market. The cap-and-trade regulation of greenhouse gas emissions has gained momentum in the past decade. The impact of the regulation and its efficacy in the electric power industry depend on interactions of demand elasticity, transmission network, market structure, and strategic behavior of firms. I develop an equilibrium model of an oligopoly electricity market in conjunction with a market for tradable emissions permits to study the implications of such interactions. My goal is to identify inefficiencies that may arise from policy design elements and to avoid any unintended adverse consequences on the electric power sector. I demonstrate this modeling framework with three case studies examining the impact of carbon cap-and-trade regulation. In the first case study, I study equilibrium results under various scenarios of resource ownership and emission targets using a 24-bus IEEE electric transmission system. The second and third case studies apply the equilibrium model to a realistic electricity market, Western Electricity Coordinating Council (WECC) 225-bus system with a detailed representation of the California market. In the first and second case studies, I examine oligopoly in electricity with perfect competition in the permit market. I find that under a stringent emission cap and a high degree of concentration of non-polluting firms, the electricity market is subject to potential abuses of market power. Also, market power can occur in the procurement of non-polluting energy through the permit market when non-polluting resources are geographically concentrated in a transmission-constrained market. In the third case study, I relax the competitive market structure assumption of the permit market by allowing oligopolistic competition in the market through a conjectural variation approach. A short-term equilibrium

  10. The electricity exchange. On the organisation and latent functions of electricity exchange trading as seen from the viewpoint of market sociology

    International Nuclear Information System (INIS)

    Giacovelli, Sebastian

    2014-01-01

    Electricity exchange trading in Germany has existed since the year 2000. Since this time, the Leipzig electricity exchange, a reference market for off-exchange electricity trading, has operated in an environment marked by both criticism and acceptance. Taking this field of controversy as a point of departure the present empirical study in market sociology undertakes to investigate the organisation and latent functions of electricity exchange trading. The ensuing analysis provides answers to questions as to how prices are formed on the electricity exchange and what officially incommunicable functions are served by price formation on exchanges.

  11. For the Benefit of California Electricity Ratepayers: Electricity Sector Options for the Use of Allowance Value Created under California’s Cap-and-Trade Program

    OpenAIRE

    Burtraw, Dallas; McLaughlin, David; Szambelan, Sarah Joh

    2012-01-01

    California will implement a cap-and-trade program to limit emissions of carbon dioxide covering industry and electricity sector emissions in 2013, expanding to cover transportation and natural gas in 2015. Although cap-and-trade would increase annual electricity costs for the average customer by $30 to nearly $100, the allowance value created under the program can offset all of these costs and even reduce electricity bills. California’s Air Resources Board has directed electricity regulators ...

  12. Legal market abuse regulations of WpHG (law on stock trading) and the REMIT-VO in the electricity spot trading; Marktmissbrauchsrechtliche Regelungen des WpHG und der REMIT-VO im Stromspothandel

    Energy Technology Data Exchange (ETDEWEB)

    Retsch, Alexander T.

    2014-07-01

    The thesis on legal market abuse regulations of WpHG (law on stock trading) and the REMIT-VO in the electricity spot trading include the discussion of the following issues: market abuse, its forms of appearance (market manipulation, insider trade, insider information), electricity spot trading, relevant legislative frame, market abuse regulations (WpHG), interdiction of market manipulation and related regulations.

  13. CO2 trade and market power in the EU electricity sector

    International Nuclear Information System (INIS)

    Tinggaard Svendsen, G.; Vesterdal, M.

    2002-01-01

    The EU commission is planning to launch an emission trading market for greenhouse gases within near future. This to meet its obligations under the United Nations Framework Convention on Climate Change and the Kyoto Protocol. After a theoretical discussion on market power in such a market, wc turn to the empirical evidence which suggests that a reasonable number of sources of C02 emissions in the power sector exists for bollers larger than 25MW. Overall, together with the contestable single market for electricity, the risk of significant strategies behaviour seems negligible. Thus, the electric utility sector seems a suitable testing ground for an EU-scheme of emissions trading. In the longer run, it will be important to broaden the scope of the trading scheme as the inclusion of other sectors will further limit the risk of market power. (au)

  14. CO2 trade and market power in the EU electricity sector

    Energy Technology Data Exchange (ETDEWEB)

    Tinggaard Svendsen, G; Vesterdal, M

    2002-07-01

    The EU commission is planning to launch an emission trading market for greenhouse gases within near future. This to meet its obligations under the United Nations Framework Convention on Climate Change and the Kyoto Protocol. After a theoretical discussion on market power in such a market, wc turn to the empirical evidence which suggests that a reasonable number of sources of C02 emissions in the power sector exists for bollers larger than 25MW. Overall, together with the contestable single market for electricity, the risk of significant strategis behaviour seems negligible. Thus, the electric utility sector seems a suitable testing ground for an EU-scheme of emissions trading. In the longer run, it will be important to broaden the scope of the trading scheme as the inclusion of other sectors will further limit the risk of market power. (au)

  15. Teachers' and Students' Perception of Instructional Supervision on Capacity Building in Electrical Installation Trade

    Science.gov (United States)

    Eze, Ogwa Christopher

    2015-01-01

    This research was conducted to ascertain teachers' and students perception of instructional supervision in relation to capacity building in electrical installation trade in technical colleges. Three research questions and a null hypothesis were employed to guide the study. Descriptive survey was adopted. A 23-item questionnaire was used to elicit…

  16. Trade liberalization and gender effects: a literature review for Colombia

    Directory of Open Access Journals (Sweden)

    Jairo Guillermo lsaza Castro

    2016-04-01

    Full Text Available This paper presents a literature review about thegender effects of trade liberalization with emphasisin Colombia. In addition, it reviews sorne theoreticalapproaches about trade and its interrelations withgender, poverty, inequality and labour markets.Based on the existing literature about the socialeffects of trade in Colombia, it concludes with sorneconsiderations for empirical research.

  17. 47 CFR 2.924 - Marketing of electrically identical equipment having multiple trade names and models or type...

    Science.gov (United States)

    2010-10-01

    ... Authorizations § 2.924 Marketing of electrically identical equipment having multiple trade names and models or... 47 Telecommunication 1 2010-10-01 2010-10-01 false Marketing of electrically identical equipment having multiple trade names and models or type numbers under the same FCC Identifier. 2.924 Section 2.924...

  18. CO2-emission trading and green markets for renewable electricity. WILMAR - deliverable 4.1

    International Nuclear Information System (INIS)

    Azuma-Dicke, N.; Weber, C.; Morthorst, P.E.; Ravn, H.F.; Schmidt, R.

    2004-06-01

    This report is Deliverable 4.1 of the EU project 'Wind Power Integration in Liberalised Electricity Markets' (WILMAR) and de-scribes the application of two policy instruments, Tradable Emissions Permits (TEPs) and Tradable Green Certificates (TGCs) for electricity produced from renewable energy sources in the European Union and the implications for implementation in the Wilmar model. The introduction of a common emission-trading system in the EU is expected to have an upward effect on the spot prices at the electric-ity market. The variations of the spot price imply that some types of power generation may change the situation from earning money to losing money despite the increasing spot price. Heavy restrictions on emissions penalise the fossil-fuelled technologies significantly, and the associated increase in the spot price need not compensate for this. Therefore, a market of TEPs is expected to have a significant influence on the electricity spot price. However, the expected price level of TEPs are met with great uncertainty and a study of a number of economical studies shows a price span between zero and 270 USD per ton of CO 2 depending on the participation or non-participation of countries in the scheme. The price-determination at the TGC market is expected to be closely related to the price at the power spot market as the RE-producers of electricity will have expectations to the total price paid for the energy produced, i.e., for the price of electricity at the spot market plus the price per kWh obtained at the green certificate mar-ket. In the Wilmar model, the TGC market can either be handled exogenously, i.e., the increase in renewable capacity and an average annual TGC price are determined outside the model, or a simple TGC module is developed, including the long-term supply functions for the most relevant renewable technologies and an overall TGC quota. Both solutions are rather simple, but to develop a more advanced model for the TGC market seems to be

  19. Revenue, welfare and trade effects of European Union Free Trade Agreement on South Africa

    Directory of Open Access Journals (Sweden)

    Kore M.A. Guei

    2017-10-01

    Full Text Available Background: Using the partial equilibrium WITS-SMART Simulation model to assess the impact of liberalisation under the Trade Development and Cooperation Agreement (TDCA of a free trade area between the European Union and South Africa. The identification of the impact of such agreement allows for trade policy negotiation adjustment that can be beneficial for South Africa. Aim: The aim of the study is to estimate and discuss the impact of a Free Trade Agreement (FTA with the European Union and South Africa. More specifically, the study intends to estimate the impact of revenue, welfare, imports, exports, trade creation and to come up with policies options for South Africa that can be used in negotiations and policy formulations. Setting: The study used international trade data (2012 available in the WITS-SMART model to assess bilateral trade agreement between the European Union and South Africa. Methods: To identify the impact on revenue, welfare, imports, exports and trade creation, the study simulated an FTA (0% tariff rate for all goods exchanged between the European Union and South Africa. Also, the elasticity of substitution used for the simulation model was 99%. Results: The findings of the study reveal that total trade effects in South Africa are likely to surge by US$ 1.036 billion with a total welfare valued at US$ 134 million. Dismantling tariffs on all European Union (EU goods would be beneficial to consumers through net trade creation. Total trade creation would be US$ 782 million. However, South African producers are likely to contribute a trade diversion of US$ 254 million which has a negative impact on consumer welfare. The country might also experience a revenue loss amounting to US$ 562 million because of the removal of tariffs. In trade, the country’s exports and imports to the EU are expected to increase by US$ 12.419 million and US$ 1.266 million, respectively. Conclusion: The European Union–South Africa FTA would

  20. ASEAN - China Free Trade Area : A quantitative study of Trade diversion and Trade creation effects on ASEAN - China trade flows

    OpenAIRE

    Duong Xuan, Vinh

    2011-01-01

    The Association of South-East Asian Nations (ASEAN) and China have a long history of trading with each other. They are economic partners as well as competitors for many years. In order to push their economic relationship to a higher level, in November 2002, ASEAN and China signed the initial framework agreement, determined on establishing the ASEAN - China Free Trade Area (ACFTA) among the eleven countries by 2010 for the ASEAN-6 (Brunei, Indonesia, Malaysia, Philippines, Singapore, Thailand)...

  1. Upstream vs. downstream CO2 trading: A comparison for the electricity context

    International Nuclear Information System (INIS)

    Hobbs, Benjamin F.; Bushnell, James; Wolak, Frank A.

    2010-01-01

    In electricity, 'downstream' CO 2 regulation requires retail suppliers to buy energy from a mix of sources so that their weighted emissions satisfy a standard. It has been argued that such 'load-based' regulation would solve emissions leakage, cost consumers less, and provide more incentive for energy efficiency than traditional source-based cap-and-trade programs. Because pure load-based trading complicates spot power markets, variants (GEAC and CO 2 RC) that separate emissions attributes from energy have been proposed. When all generators and consumers come under such a system, these load-based programs are equivalent to source-based trading in which emissions allowances are allocated by various rules, and have no necessary cost advantage. The GEAC and CO 2 RC systems are equivalent to giving allowances free to generators, and requiring consumers either to subsidize generation or buy back excess allowances, respectively. As avoided energy costs under source-based and pure load-based trading are equal, the latter provides no additional incentive for energy efficiency. The speculative benefits of load-based systems are unjustified in light of their additional administrative complexity and cost, the threat that they pose to the competitiveness and efficiency of electricity spot markets, and the complications that would arise when transition to a federal cap-and-trade system occurs.

  2. Green certificate trading in the Netherlands in the prospect of the European electricity market

    International Nuclear Information System (INIS)

    Dinica, Valentina; Arentsen, Maarten J.

    2003-01-01

    The support system for green electricity in the Netherlands has been one of the most complex and complicated systems across Europe. A voluntary trade of green certificates--or green labels--was one of the schemes used in the policy models of the 1990s. The liberalization of the electricity market has attracted substantial changes in the degree and nature of commitment by energy companies and political authorities for renewable electricity. In 2001, a new mechanism for the voluntary trade of green certificates has become operational, replacing the green label trade system one terminated in the end of 2000. This paper presents the two systems of green certificates' trade developed in the Netherlands and discusses their market stimulation potential in the very different economic and industrial circumstances that has surrounded each of them. The paper argues for a need to enable a support system that reduces investment risks as much as possible, and removes the residual, but still strong, institutional, administrative and social barriers for renewables' deployment. But before this, a clear governmental vision on the role of renewables in current energy supply systems is first needed, backed by a coherent policy and sufficient support along the economic dimension of renewables' market diffusion

  3. Is trade openness good for environment in South Korea? The role of non-fossil electricity consumption.

    Science.gov (United States)

    Zhang, Shun

    2018-04-01

    The paper investigates the linkage of carbon dioxide (CO 2 ) emissions, per capita real output, share of non-fossil electricity consumption, and trade openness in South Korea from 1971 to 2013. The empirical results indicate that the environmental Kuznets curve (EKC) is supported by autoregressive distributed lag (ARDL) test. Both short- and long-run estimates indicate that increasing non-fossil electricity consumption can mitigate environmental degradation, and increasing trade aggravates carbon dioxide emissions. By Granger causality, long-run causalities are found in both equations of CO 2 emissions and trade openness, as well as exports and imports. In the short-run, evidence indicates feedback linkage between output and trade, unidirectional linkages from trade to emissions, from emissions to output, and from output to non-fossil electricity use. Therefore, South Korea should strengthen the sustainable economy, consume clean energy, and develop green trade.

  4. Border effects without borders: What divides Japan's internal trade?

    OpenAIRE

    Wrona, Jens

    2015-01-01

    Over the last 20 years the trade literature repeatedly documented the trade-reducing effects of inter- and intra-national borders. Thereby, the puzzling size and persistence of observed border effects from the beginning raised doubts on the role of underlying political borders. However, when observed border effects are not caused by political trade barriers, why should their spatial dimension then inevitably coincide with the geography of present or past political borders? This paper identifi...

  5. Endogenous Quality Effects of Trade Policy

    NARCIS (Netherlands)

    J.L. Moraga-Gonzalez (José Luis); J.M.A. Viaene (Jean-Marie)

    1999-01-01

    textabstractWe study the optimal trade policy against a foreign oligopoly with endogenous quality. We show that, under the Most Favoured Nation (MFN) clause, a uniform tariff policy is always welfare improving over the free trade equilibrium. However, a nonuniform tariff policy is always desirable

  6. Electric power: the liberalization effects

    International Nuclear Information System (INIS)

    Carpentier, J.

    1999-01-01

    Nine months after the beginning of the deregulation of electric power markets in Europe, the first effects are being felt: fall of prices, amalgamation of electric power companies, development of new technologies and unemployment. (O.M.)

  7. Electricity Distribution Effectiveness

    Directory of Open Access Journals (Sweden)

    Waldemar Szpyra

    2015-12-01

    Full Text Available This paper discusses the basic concepts of cost accounting in the power industry and selected ways of assessing the effectiveness of electricity distribution. The results of effectiveness analysis of MV/LV distribution transformer replacement are presented, and unit costs of energy transmission through various medium-voltage line types are compared. The calculation results confirm the viability of replacing transformers manufactured before 1975. Replacing transformers manufactured after 1975 – only to reduce energy losses – is not economically justified. Increasing use of a PAS type line for energy transmission in local distribution networks is reasonable. Cabling these networks under the current calculation rules of discounts for excessive power outages is not viable, even in areas particularly exposed to catastrophic wire icing.

  8. Water Resource Impacts Embedded in the Western US Electrical Energy Trade; Current Patterns and Adaptation to Future Drought

    Science.gov (United States)

    Adams, E. A.; Herron, S.; Qiu, Y.; Tidwell, V. C.; Ruddell, B. L.

    2013-12-01

    Water resources are a key element in the global coupled natural-human (CNH) system, because they are tightly coupled with the world's social, environmental, and economic subsystems, and because water resources are under increasing pressure worldwide. A fundamental adaptive tool used especially by cities to overcome local water resource scarcity is the outsourcing of water resource impacts through substitutionary economic trade. This is generally understood as the indirect component of a water footprint, and as ';virtual water' trade. This work employs generalized CNH methods to reveal the trade in water resource impacts embedded in electrical energy within the Western US power grid, and utilizes a general equilibrium economic trade model combined with drought and demand growth constraints to estimate the future status of this trade. Trade in embedded water resource impacts currently increases total water used for electricity production in the Western US and shifts water use to more water-limited States. Extreme drought and large increases in electrical energy demand increase the need for embedded water resource impact trade, while motivating a shift to more water-efficient generation technologies and more water-abundant generating locations. Cities are the largest users of electrical energy, and in the 21st Century will outsource a larger fraction of their water resource impacts through trade. This trade exposes cities to risks associated with disruption of long-distance transmission and distant hydrological droughts.

  9. CO2 price dynamics. The implications of EU emissions trading for electricity prices and operations

    International Nuclear Information System (INIS)

    Sijm, J.P.M.; Bakker, S.J.A.; Harmsen, H.W.; Lise, W.; Chen, Y.

    2006-07-01

    The experience with CO 2 trading and allowances prices in the last year is reviewed, with a focus on the factors influencing the price of electricity in EU countries. A statistical analysis investigates the relationship between the large increases in electricity prices experienced in 2005 and their relationship to CO 2 prices. In addition, a market simulation analysis using the COMPETES model is performed to assess the extent to which profit-maximizing generators, some of which possess market power, might pass on the opportunity cost of allowances to consumers. The paper concludes by reviewing possible options for policy makers to address the possible adverse implications of price increases caused by CO/sub 2/ trading.

  10. The Effects of International Trade on Water Use.

    Science.gov (United States)

    Kagohashi, Kazuki; Tsurumi, Tetsuya; Managi, Shunsuke

    2015-01-01

    The growing scarcity of water resources worldwide is conditioned not only by precipitation changes but also by changes to water use patterns; the latter is driven by social contexts such as capital intensity, trade openness, and income. This study explores the determinants of water use by focusing on the effect of trade openness on the degree to which water is withdrawn and consumed. Previous studies have conducted analyses on the determinants of water use but have ignored the endogeneity of trade openness. To deal with this endogeneity problem, we adopt instrumental variable estimation and clarify the determinants of water use. The determinants of water use are divided into scale, technique, and composition effects. Calculating each trade-induced effect, we examine how trade openness affects the degree of water use. Our results show that while trade has a positive effect on water withdrawal/consumption through trade-induced scale effects and direct composition effects, the trade-induced technique and the indirect composition effect, both of which exhibit a negative sign, counteract the scale effect and the direct composition effect, resulting in reduced water withdrawal/consumption. The overall effect induced by trade is calculated as being in the range of -1.00 to -1.52; this means that the overall effect of a 1% increase in the intensity of trade openness reduces the degree of water withdrawal/consumption by roughly 1.0-1.5%, on average. This result indicates that international bilateral trade would promote efficient water use through the diffusion of water-saving technologies and the reformation of industry composition.

  11. CO2 trading and its influence on electricity markets. Final report for DTe

    International Nuclear Information System (INIS)

    Franke, M.

    2006-02-01

    The Dutch Ministry of Economics has asked the Dutch energy regulator (DTe) to gather factual information about the impact of the introduction of the European CO2 emission trading scheme (EU ETS) on the functioning of the Dutch wholesale electricity market and, in particular, to estimate the extent of windfall profits that generators may have realised as a consequence of the EU ETS. DTe has in turn appointed Frontier Economics to assist in the preparation of its advice to the Ministry. Separately, but as a parallel task, DTe has also asked us to provide guidance on the way in which DTe should monitor the performance of the wholesale electricity market in an era of CO2 trading. Section 2 describes the EU ETS, as background to the study. The section describes the institutional context, the way that the emission trading system has generally been implemented at a national level, and the way that the price of European Union Allowances (EUAs or allowances) has developed historically. Section 3 describes the way in which the EU ETS has had an impact on the Dutch electricity market including: the allocation of EUAs to the power sector in the Netherlands; the (theoretical) impact of the EU ETS on electricity generators' incentives; evidence on generators' behaviour; and the empirical evidence of the relationship between EUA prices and electricity prices (or spark and dark spreads). Section 4 provides a conceptual framework for the estimation of windfall profits. Section 5 deals with detailed assumptions that we have made and data issues we have encountered in our attempts to estimate windfall profits; and Section 6 presents and discusses our estimates of windfall profits

  12. 78 FR 28190 - Authorization of Production Activity; Foreign-Trade Subzone 29C; GE Appliances (Electric Water...

    Science.gov (United States)

    2013-05-14

    ... DEPARTMENT OF COMMERCE Foreign-Trade Zones Board [B-7-2013] Authorization of Production Activity; Foreign-Trade Subzone 29C; GE Appliances (Electric Water Heaters); Louisville, Kentucky On January 7, 2013, GE Appliances, operator of Subzone 29C in Louisville, Kentucky, submitted a notification of proposed...

  13. Working group on unbundling of electricity trade operations 2. A group report

    International Nuclear Information System (INIS)

    2000-09-01

    The current unbundling of operations in accounts has proved inadequate. No formula or model that could be made binding by provisions have been defined for unbundled accounts. In addition, unbundling can draw a distinct line between commercial activities and network operations, which have assumed various authoritative functions. Against this background, the need for clearer unbundling has become more marked. The working group suggests that the current provisions on unbundling of trade operations should be tightened and that the unbundling should be made clearer especially in terms of allocation of joint costs. For this, the necessary preparations by the authorities should be initiated urgently. At the same time, the working group proposes that network operations should be unbundled from other operations by incorporation or by unbundling them into a separate public utility. The smallest electric utilities should be exempted from the obligation of incorporating network operations. According to the working group, the lower limit could be fixed e.g. at 70 GWh a year. The working group also suggests that the licensees must own the electricity networks they operate. The licensees could not rent their networks from the mother company nor lease them from a financing company. The model proposed by the working group would redress the major problems connected with the supervision of the electricity market. The monopoly, i.e. the electricity network operations, under the supervision of the Electricity Market Authority could thus be unbundled. This would improve the functioning of the market and facilitate the supervision. However, the model would not abolish the tax concession of municipal public utilities in competitive trade operations, production and sale of electricity. The tax concession may affect the competitive situation on the electricity market. (orig.)

  14. Large-scale wind power integration and wholesale electricity trading benefits: Estimation via an ex post approach

    International Nuclear Information System (INIS)

    Gil, Hugo A.; Gomez-Quiles, Catalina; Riquelme, Jesus

    2012-01-01

    The integration of large-scale wind power has brought about a series of challenges to the power industry, but at the same time a number of benefits are being realized. Among those, the ability of wind power to cause a decline in the electricity market prices has been recognized. In quantifying this effect, some models used in recent years are based on simulations of the market supply-side and the price clearing process. The accuracy of the estimates depend on the quality of the input data, the veracity of the adopted scenarios and the rigorousness of the solution technique. In this work, a series of econometric techniques based on actual ex post wind power and electricity price data are implemented for the estimation of the impact of region-wide wind power integration on the local electricity market clearing prices and the trading savings that stem from this effect. The model is applied to the case of Spain, where the estimated savings are compared against actual credit and bonus expenses to ratepayers. The implications and extent of these results for current and future renewable energy policy-making are discussed. - Highlights: ► Wholesale electricity market trading benefits by wind power are quantified. ► Actual wind power forecast-based bids and electricity price data from Spain are used. ► Different econometric tools are used and compared for improved estimation accuracy. ► Estimated benefits outweigh current credit overhead paid to wind farms in Spain. ► An economically efficient benefit surplus allocation framework is proposed.

  15. Assessing the impact of forward trading, retail liberalization, and white certificates on the Italian wholesale electricity prices

    International Nuclear Information System (INIS)

    Petrella, Andrea; Sapio, Alessandro

    2012-01-01

    How do policy actions affect the dynamics of deregulated electricity prices? We investigate this issue in the context of the Italian Power Exchange (IPEX), using data on the daily average day-ahead price (PUN) between April 2004 and December 2008. Estimates of baseline time series models (SARMAX and SARMAX-EGARCH) and their forecasting performances suggest that the trend in natural gas prices, market power indicators, deterministic weekly patterns, perceived temperatures, persistence in conditional volatility, and the inverse leverage effect are essential features of the PUN dynamics. We then augment the best-performing models with dummies that account for changes in the market architecture, such as the introduction of contracts for differences (CfDs) to support renewables, trading of white certificates for energy efficiency, and the demand-side liberalization. The findings show that changes in the market architecture affected both the PUN level and its volatility. Specifically, wholesale electricity prices and volatility appear to have decreased upon the introduction of CfDs, only to be pushed upwards following the start of white certificates' trading and retail liberalization. Moreover, after controlling for reforms the inverse leverage effect vanishes, and the persistence in volatility is lower than in the baseline estimates. - Highlights: ► We model Italian wholesale power prices using SARMAX and EGARCH models. ► We assess the price impact of contracts for differences, retail liberalization, white certificates. ► The electricity price level and its volatility have increased after the adoption of contracts for differences. ► Following retail liberalization and the start of white certificates trading, the price level and its volatility have increased.

  16. Short Term Electric Production Technology Switching Under Carbon Cap and Trade

    Directory of Open Access Journals (Sweden)

    Donald F. Larson

    2012-10-01

    Full Text Available This study examines fuel switching in electricity production following the introduction of the European Union’s Emissions Trading System (EU ETS for greenhouse gas emissions. A short-run restricted cost equation is estimated with carbon permits, high-carbon fuels, and low carbon fuels as variable inputs. Shadow values and substitution elasticities for carbon-free energy resources from nuclear, hydroelectric and renewable sources are imputed from the cost equation. The empirical analysis examines 12 European countries using monthly data on fuel use, prices, and electricity generation during the first phase of the European Emissions Trading System. Despite low emission permit prices, this study finds statistically significant substitution between fossil fuels and carbon free sources of energy for electric power production. Significant substitution between fossil fuels and nuclear energy also was found. Still, while 18 of the 20 substitution elasticities are statistically significant, they are all less than unity, consistent with limited substitution. Overall, these results suggest that prices for carbon emission permits relative to prices for carbon and carbon free sources of energy do matter but that electric power producers have limited operational flexibility in the short-run to satisfy greenhouse gas emission limits.

  17. Trade in electricity certificates: a new means for stimulating electricity from renewable energy sources: final report from the electricity certificate inquiry

    International Nuclear Information System (INIS)

    2001-01-01

    We recommend the introduction of a quota-based Swedish certificate system to promote production of electricity from renewable energy sources commencing on 1 January 2003. We recommend that the certificate system should be based on the following principles: The quota obligation should be set for the years 2003 to 2010 and for all intervening years. The quota is expressed as a share of the total amount of electricity used. It is proposed that as a guideline, a target of an increase in electricity production from renewable energy sources of 10 TWh, in a period from 2003 to 2010 inclusive, is adopted. It is estimated that approximately half of this increase can come from expansion of existing production and half from new plants. The following electricity production plants are to be entitled to certificates provided they comply with the requirement that electricity is to be produced from renewable energy sources and that they meet the environmental criteria set, including fuel requirements, where electricity is produced with the aid of: 1. wind power, 2. solar energy, 3. geothermal energy, 4. certain types of biofuel, 5. wave energy, 6. hydroelectric power at existing plants which, at the time of the Electricity Certificate law coming into effect, have a capacity not exceeding 1 500 kilowatt, 7. hydroelectric power at plants which have not been in operation after 1 July 2001 but which were commissioned after the coming into effect of the Electricity Certificate law, 8. increased installed capacity at existing hydroelectric power plants to the extent that capacity is increased by measures undertaken after 1 July 2002, and 9. hydroelectric power produced at plants, which started operation for the first time after 1 July 2002. The quota period is defined as one calendar year. Certificates may be 'banked' by those subject to quota should they have more certificates at the end of the quota period than need to be submitted. A certificate is valid for an unlimited period of

  18. Development of renewable energy resources in Afghanistan for economically optimized cross-border electricity trading

    Directory of Open Access Journals (Sweden)

    Mohammad Masih Sediqi

    2017-07-01

    Full Text Available Afghanistan is a key country between energy surplus areas (Central Asian Republics andIran and energy deficit regions (Pakistan and India. It is in a position that can facilitate and launchregional electricity trade for the benefit of the region also derive significant gains for its own economyfrom energy imports and exports. On the other hand, Afghanistan is endowed with large renewableenergy resources (RERs, which it could exploit not only to satisfy its domestic power demand butalso to earn significant export revenue. This paper firstly explains the methodology and framework forthe power trade and then presents an optimization framework for profit maximization in the short-runtrading and cost minimization in the long-run trading. The proposed methodology is applied to a realcase between Afghanistan and Pakistan. The objective functions, parameters, variables and constraintsare described for both optimization models. System sizing, simulation and optimization are carriedout using genetic algorithm (GA technique. The results in the short-run model represent optimalityof about 2654 MW electricity export from Afghanistan to Pakistan during summer. Moreover, resultsderived from running long-run model depict that by utilizing its RERs such as solar, wind and hydro,Afghanistan can not only meet its power demand but also can export to Pakistan during its deficitperiods and gain remarkable energy profits.

  19. Evolving An Effective Trade Policy Against Agricultural Subsidies Of ...

    African Journals Online (AJOL)

    The response of developing countries to this trend has been a weak and uncoordinated trade policy. They have been unable to effectively curtail the onslaught of dumping. This paper is an analysis of Nigeria's trade policy in tackling the issue of agricultural subsidies. This took the form of an in-depth assessment of the ...

  20. Effects Of Trade Liberalization Policy On The Performance Of Small ...

    African Journals Online (AJOL)

    The Majority of food processors (i.e. 94 %) were established after the introduction of trade liberalization policy in 1983, and about 67 % sourced raw materials locally and 55 % financed businesses from own savings and profits. The trade liberalization policy had a positive effect on the output growth of SMS food processing ...

  1. Electricity trade and GHG emissions: Assessment of Quebec's hydropower in the Northeastern American market (2006-2008)

    International Nuclear Information System (INIS)

    Ben Amor, Mourad; Pineau, Pierre-Olivier; Gaudreault, Caroline; Samson, Rejean

    2011-01-01

    Worldwide electricity sector reforms open up electricity markets and increase trades. This has environmental consequences as exports and imports either increase or decrease local production and consequently greenhouse gas (GHG) emissions. This paper's objective is to illustrate the importance of electricity trade's impact on GHG emissions by providing an estimate of the net GHG emissions resulting from these trades. To achieve this objective, Quebec hourly electricity exchanges with adjacent jurisdictions were examined over the 2006-2008 period. In order to associate a specific GHG emission quantity to electricity trades, hourly marginal electricity production technologies were identified and validated using the Ontario hourly output per power plant and information released in the Quebec adjacent system operator reports. It is estimated that over three years, imports into Quebec were responsible for 7.7 Mt of GHG, while Quebec hydropower exports avoided 28.3 Mt of GHG emissions. Hence, the net result is 20.6 Mt of avoided emissions over 2006-2008, or about 7 Mt per year, which corresponds to more than 8% of the Quebec yearly GHG emissions. When GHG emissions from all life cycle stages (resource extraction to end-of-life) are accounted for, the net avoided GHG emissions increase by 35%, to 27.9 Mt. - Research highlights: → Environmental benefits of hydropower exports are considerable. → Detailed GHG assessment of such electricity trade is missing from the literature. → Net GHG emissions estimate resulting from such trade is provided. → GHG gains are significant in the Northeast American electricity market due to such electricity trade.

  2. Implications of CO2 Emissions Trading for Short-run Electricity Outcomes in Northwest Europe

    International Nuclear Information System (INIS)

    Chen, Y.; Sijm, J.P.M.; Hobbs, B.F.; Lise, W.

    2008-02-01

    We examine the short-run implications of CO2 trading for power production, prices, emissions, and generator profits in northwest Europe in 2005. Simulation results from a transmission-constrained oligopoly model are compared with theoretical analyses to quantify price increases and windfall profits earned by generators. The analyses indicate that the rates at which CO2 costs are passed through to wholesale prices are affected by market competitiveness, merit order changes, and elasticities of demand and supply. Emissions trading results in large windfall profits, much but not all of which is due to free allocation of allowances. Profits also increase for some generators because their generation mix has low emissions, and so they benefit from electricity price increases. Most emission reductions appear to be due to demand response, not generation redispatch

  3. Implications of CO2 Emissions Trading for Short-run Electricity Outcomes in Northwest Europe

    Energy Technology Data Exchange (ETDEWEB)

    Chen, Y. [School of Social Sciences, Humanities, and Arts and School of Engineering, Sierra Nevada Research Institute, University of California, Merced, 5200 N. Lake Rd., Merced, CA 95343 (United States); Sijm, J.P.M. [Policy Studies Unit, Energy Research Centre of the Netherlands ECN, P.O. Box 37154, 1020 Amsterdam (Netherlands); Hobbs, B.F. [Department of Geography and Environmental Engineering, The Johns Hopkins University, 3400 N. Charles St, Ames Hall, Baltimore, MD 21218 (United States); Lise, W. [IBS Research and Consultancy, Aga Hamami Caddesi, Aga Han 17/6, Cihangir, 34433 Beyoglu, Istanbul (Turkey)

    2008-02-15

    We examine the short-run implications of CO2 trading for power production, prices, emissions, and generator profits in northwest Europe in 2005. Simulation results from a transmission-constrained oligopoly model are compared with theoretical analyses to quantify price increases and windfall profits earned by generators. The analyses indicate that the rates at which CO2 costs are passed through to wholesale prices are affected by market competitiveness, merit order changes, and elasticities of demand and supply. Emissions trading results in large windfall profits, much but not all of which is due to free allocation of allowances. Profits also increase for some generators because their generation mix has low emissions, and so they benefit from electricity price increases. Most emission reductions appear to be due to demand response, not generation redispatch.

  4. Introducing the emissions trading system to China’s electricity sector: Challenges and opportunities

    International Nuclear Information System (INIS)

    Teng, Fei; Wang, Xin; Zhiqiang, LV

    2014-01-01

    We examine the challenges and opportunities to introduce emissions trading (ETS) in China’s electricity sector, in which the interaction between ETS and electricity market reform plays a major role. China’s electricity sector is currently in a slow progress towards a more competitive and market-based system. Both equal share dispatching policy and regulated wholesale and retail pricing policies pose significant challenges for implementation of ETS in China’s electricity sector. One of the important points of ETS is to give a price for carbon emissions and establish a cost pass-through mechanism (reminded that the essential of carbon pricing is to put a price on carbon emissions that is equal to discounted value of the external damages). It should be regarded as a part of broader policy package for energy and resources price reform. This will require that any low-carbon power policy should be considered as a part of whole policy package aiming at further liberalizing the electricity sector in China. Three policy options are identified to incorporate ETS with electricity reform under different circumstances. A combination of those three options is also proposed to break the lock and reinforce the positive interaction between ETS and the transition towards a competitive electricity system, in link with current pilot ETS designs. A roadmap to introduce ETS in a stepwise manner is suggested. - Highlights: • We assess the institutional barriers of electricity market to ETS in China. • Major challenges to ETS come from equal share dispatching an regulated pricing policies. • Several options are examined to reconcile the ETS and electricity market in China

  5. The surveillance of the electricity wholesale market and emission trading market; Die Ueberwachung von Stromgrosshandelsmarkt und Emissionshandelsmarkt

    Energy Technology Data Exchange (ETDEWEB)

    Luedemann, Volker [Hochschule Osnabrueck (Germany). Forschungszentrum Energiewirtschaft/Energierecht (fee); Hochschule Osnabrueck (Germany). Wirtschafts- und Wettbewerbsrecht; Konar, Selma [Sozietaet Becker Buettner Held, Muenchen (Germany)

    2015-05-15

    The Regulation on Wholesale Market Integrity and Transparency (REMIT) and the German Law on the Establishment of a Market Transparency Office for Wholesale Trade in Electricity and Gas (MTS-G) have fundamentally changed the surveillance of electricity wholesale trade in Germany. From now on the Federal Network Agency and the Federal Cartel Office will be jointly responsible for monitoring the electricity wholesale trade for suspicious market phenomena and abusive behaviour. The REMIT specifies that the electricity trade must be surveilled ''with due consideration to interactions'' with the emission trade system. However, occurrences observed in recent years have shown that the emission trading system is in need of reform. This has also been recognised and has prompted extensive corrective action by the regulatory authorities of the European Union. These changes have yet to be transposed into the national surveillance regimes. The present article explains why the new role accorded to the Federal Network Agency under the REMIT fails to eliminate the structural shortcomings of the old surveillance system. At least the decision to put the collection and evaluation of data exclusively in the hands of the market transparency office and the cooperation this will prompt between the supervisory authorities responsible will make the task of surveilling the energy wholesale trading market a lot easier for the authorities. The energy transition and its exigencies will yet lead to further changes in the market and its surveillance regime.

  6. Carbon mitigation in the electric power sector under cap-and-trade and renewables policies

    International Nuclear Information System (INIS)

    Delarue, Erik; Van den Bergh, Kenneth

    2016-01-01

    In Europe, CO_2 emissions from the electric power sector and energy intensive industries are capped under a cap-and-trade system (i.e., the EU ETS). When other indirect measures are taken to impact emissions in a specific sector under the cap (such as a push for renewables in the electric power sector), this has implications on the overall allowance price, and on CO_2 emissions both from this specific sector and the other sectors under the cap. The central contribution of this paper is the derivation of impact curves, which describe these interactions, i.e., the impact on allowance price and the shift of emissions across sectors. From a set of detailed simulations of the electric power system operation, a so-called “emission plane” is obtained, from which impact curves can be derived. Focus is on interactions between CO_2 abatement through fuel switching and measures affecting the residual electricity demand (such as deployment of renewables) in the electric power sector, as well as on interactions with other sectors, both in a short-term framework. A case study for Central-Western Europe is presented. The analysis reveals a substantial impact of renewables on CO_2 emissions, and hence on emissions shifts across sectors and/or on the CO_2 price. - Highlights: •CO_2 cap-and-trade interacts with policies targeting one specific sector under cap. •Interaction creates emission displacement and/or impacts CO_2 price. •The central contribution is the derivation of impact curves from the emission plane. •The method is applied to a case study of Central-Western Europe. •The analysis reveals a large impact of renewables on CO_2 displacement and/or price.

  7. Trade-offs and synergies between universal electricity access and climate change mitigation in Sub-Saharan Africa

    NARCIS (Netherlands)

    Dagnachew, Anteneh G.; Lucas, Paul L.; Hof, Andries F.; van Vuuren, Detlef P.

    2018-01-01

    Access to electricity services is fundamental to development, as it enables improvements to the quality of human life. At the same time, increasing electricity access can have notable consequences for global climate change. This paper analyses trade-offs and synergies between achieving universal

  8. Congestion management rules and trading strategies in the Spanish electricity market

    Energy Technology Data Exchange (ETDEWEB)

    Furio, Dolores; Lucia, Julio J. [Departamento de Economia Financiera y Actuarial, Universidad de Valencia, Avda. Los Naranjos, s/n, 46022 - Valencia (Spain)

    2009-01-15

    This paper analyses the economic incentives embodied in the rules governing the resolution of transmission constraints in the Spanish wholesale electricity market and the way these incentives may have influenced on the trading behaviour of both the generators and the demand side. The evidence obtained is consistent with them responding to these incentives. In particular, buyers would respond to the way congestion costs are billed to them by abandoning the daily market in favour of the intraday market as far as possible. Additionally, some strategic generators may have been prompted the system operator to require them to inject electricity into the system to solve network congestions. Finally, these results may contribute to shed light on what should be expected of the reform in the aforementioned rules. (author)

  9. Congestion management rules and trading strategies in the Spanish electricity market

    International Nuclear Information System (INIS)

    Furio, Dolores; Lucia, Julio J.

    2009-01-01

    This paper analyses the economic incentives embodied in the rules governing the resolution of transmission constraints in the Spanish wholesale electricity market and the way these incentives may have influenced on the trading behaviour of both the generators and the demand side. The evidence obtained is consistent with them responding to these incentives. In particular, buyers would respond to the way congestion costs are billed to them by abandoning the daily market in favour of the intraday market as far as possible. Additionally, some strategic generators may have been prompted the system operator to require them to inject electricity into the system to solve network congestions. Finally, these results may contribute to shed light on what should be expected of the reform in the aforementioned rules. (author)

  10. CO2 price dynamics. The implications of EU emissions trading for the price of electricity

    International Nuclear Information System (INIS)

    Sijm, J.P.M.; Bakker, S.J.A.; Harmsen, H.W.; Lise, W.; Chen, Y.

    2005-09-01

    The present study analyses the relationship between EU emissions trading and power prices, notably the implications of free allocation of emissions allowances for the price of electricity in countries of North-western Europe. To study this impact, it uses a variety of analytical approaches, including interviews with stakeholders, empirical and statistical analyses, theoretical explorations, and analyses by means of the COMPETES model. The study shows that a significant part of the costs of freely allocated allowances is passed through to power price and discusses its implications in terms of higher electricity prices for consumers and windfall profits for producers. It concludes that free allocation of emission allowances is a highly questionable policy option for a variety of reasons and suggests that auctioning might offer a better perspective

  11. THE EFFECT OF ILLICIT TRADE IN NARCOTICS ON GLOBAL ECONOMY

    Directory of Open Access Journals (Sweden)

    ALASMARI Khaled

    2013-07-01

    Illicit markets especially those dealing with narcotics constitute grievous issues to the world’s economies, putting to test global safety, economic progress as well as security and many other aspects. Seemingly, illicit narcotics trade in the last decade – that is 2000 to 2011 underwent a significant boom, resulting from a wide spectrum of illegal drugs such as cocaine as well as heroin among many other hard drugs. In today’s global society, several concerns are emerging on the rise of illicit narcotics trade accompanied with organized crime, chiefly as major hindrances to consistent global economic progress. Apparently, some of the effects of illicit narcotics trade are that; this trade gradually turns upside down business rules, opening way for new unruly market players besides reconfiguring influence in global economics as well as politics. Surprisingly, the revenue from illegal drugs in 2011 alone was roughly 10% of the global GDP. Hence, exaggerating local economies’ incomes and triggering ceaseless conflicts among market players, while at the same time reducing legal business activities likewise disintegrating socioeconomic conditions. An empirical research method was adopted for this study, analyzing illicit trade in narcotics on the global arena as from 2000 to 2011 and its resultant effects. The research findings indicate that, illegal drugs trade particularly on the world economy besides growing at a high rate, it endangers the overall welfare of humans likewise the business environment. This is ostensibly because this trade has high chances of engrossing regional economies into illegal drugs business activities, causing them to neglect sustainable ethical businesses. Now, to effectively address negative economic issues related to illegal drugs trade, there is apparent need for integrated efforts from local as well as international authorities. Such efforts are chiefly to control not only the harmful effects resulting from the use of illicit

  12. The Effect of Stock Return Sequences on Trading Volumes

    Directory of Open Access Journals (Sweden)

    Andrey Kudryavtsev

    2017-10-01

    Full Text Available The present study explores the effect of the gambler’s fallacy on stock trading volumes. I hypothesize that if a stock’s price rises (falls during a number of consecutive trading days, then the gambler’s fallacy may cause at least some of the investors to expect that the stock’s price “has” to subsequently fall (rise, and thus, to increase their willingness to sell (buy the stock, resulting in a stronger degree of disagreement between the investors and a higher-than-usual stock trading volume on the first day when the stock’s price indeed falls (rises. Employing a large sample of daily price and trading volume data, I document that following relatively long sequences of the same-sign stock returns, on the days when the sign is reversed, the trading activity in the respective stocks is abnormally high. Moreover, average abnormal trading volumes gradually and significantly increase with the length of the preceding return sequence. The effect is slightly more pronounced following the sequences of negative stock returns, and remains significant after controlling for other potentially influential factors, including contemporaneous and lagged actual and absolute stock returns, historical stock returns and volatilities, and company-specific events, such as earnings announcements and dividend payments.

  13. Effects of Free Trade Agreements on Foreign Trade: Predictions for Puerto Rico in the face of CAFTA-DR

    Directory of Open Access Journals (Sweden)

    José E. Signoret

    2006-10-01

    Full Text Available This paper examines the effects of regional free trade agreements on international trade activity. The analysis estimates gravity models of trade that serve to assess the likely impact of CAFTA-DR on Puerto Rico and United States’ foreign trade. The estimated effects of CAFTA-DR on the US are invariably modest. For the case of Puerto Rico, the effects are of considerably larger importance, albeit still somewhat small. The inclusion of the Dominican Republic into the Agreement, however, is critical for these latter results.

  14. TRADE EFFECTS: REGULATORY, ACCOUNTING PRACTICES AND REPORTING OF INFORMATION RELATED

    Directory of Open Access Journals (Sweden)

    ARISTIŢA ROTILĂ

    2014-05-01

    Full Text Available It is known that within trade relations providers often credit customers for the value of goods or services which are the subject of conducted commercial transactions, this aspect being materialized in the issuance and acceptance of a trade effect. From the time of acceptance until maturity / settlement, trade effects should be reflected separately in the accounts and, to the extent that were not settled until the end of exercise, their value must be presented in the financial statements. Based on analysis of the Romanian accounting regulations, also taking into consideration the opinions expressed in specific literature concerning accounting reflection of trade effects, in this article we try to point out some aspects which, in our opinion, require clarification. We also want to point out some contradictions / inconsistencies regarding the reporting of information on the trade effects, specifically between the text of accounting regulations concerning the definition of accounting structures „cash and bank accounts” and “short term investments” and their contents when presented as positions in the balance sheet structure. In relation to the issues raised we try to prove the effects on the indicators concerning financial position and to make some suggestions that would have effects on Romanian accounting regulations, namely the improvement of financial reporting performed by the economic operators.

  15. Spatially and Temporally Resolved Analysis of Environmental Trade-Offs in Electricity Generation.

    Science.gov (United States)

    Peer, Rebecca A M; Garrison, Jared B; Timms, Craig P; Sanders, Kelly T

    2016-04-19

    The US power sector is a leading contributor of emissions that affect air quality and climate. It also requires a lot of water for cooling thermoelectric power plants. Although these impacts affect ecosystems and human health unevenly in space and time, there has been very little quantification of these environmental trade-offs on decision-relevant scales. This work quantifies hourly water consumption, emissions (i.e., carbon dioxide, nitrogen oxides, and sulfur oxides), and marginal heat rates for 252 electricity generating units (EGUs) in the Electric Reliability Council of Texas (ERCOT) region in 2011 using a unit commitment and dispatch model (UC&D). Annual, seasonal, and daily variations, as well as spatial variability are assessed. When normalized over the grid, hourly average emissions and water consumption intensities (i.e., output per MWh) are found to be highest when electricity demand is the lowest, as baseload EGUs tend to be the most water and emissions intensive. Results suggest that a large fraction of emissions and water consumption are caused by a small number of power plants, mainly baseload coal-fired generators. Replacing 8-10 existing power plants with modern natural gas combined cycle units would result in reductions of 19-29%, 51-55%, 60-62%, and 13-27% in CO2 emissions, NOx emissions, SOx emissions, and water consumption, respectively, across the ERCOT region for two different conversion scenarios.

  16. What are the opportunities related to the trading of emission reductions in the electricity market?

    International Nuclear Information System (INIS)

    Lemieux, M.

    2003-01-01

    Gaz Metropolitain distributes approximately 97 per cent of the natural gas used in Quebec. It operates an 8300 kilometre (km) pipeline network and has 150,000 customers. Revenues in 2002 were 1.6 billion. Since 1990, Gaz Metropolitain has reduced its greenhouse gas (GHG) emissions by 30 per cent. After a brief look at the sources of energy in Quebec and their associated GHG emissions, the author discussed the viability of a closed emission trading system with only a limited number of permits. The system could be opened up through the creation of credits in excluded sectors. Under the Kyoto Protocol, countries are allocated emitting permits in an open system since the credits are included in the Protocol. In Canada, the federal government has announced that a domestic emission trading system will be implemented for large emitters. The thermal production sector will be covered by a system consisting of an exchange of rights. Electricity produced from renewable energy sources would be excluded from the system, and it is yet to be decided whether credits could be generated. The creation of credits under the Canadian plan was reviewed. The projects accepted under the Greenhouse Gas Emission Reduction Trading Pilot (GERT) were examined and the development of the project was described. Some of the projects under GERT include a new dam in Newfoundland, a wind power project in Alberta, and a biomass cogeneration project in British Columbia to name but a few. It was noted that quantifying emissions in the case of indirect reductions is complex but feasible. 3 refs., tabs., figs

  17. Emission Trading - Effects of the EU directive; Emission Trading - Auswirkungen der EG-Richtlinie

    Energy Technology Data Exchange (ETDEWEB)

    Meller, E. [Verband der Elektrizitaetswirtschaft -VDEW- e.V., Berlin (Germany)

    2004-07-01

    The EU-Directive on 'Establishing a Scheme for Greenhouse Gas Emission Allowance Trading within the Community' came into force after it had been published in the Official Journal of the EU. The electricity industry has pursued carefully and constructively the development of this Directive. A number of suggestions were taken into consideration. Currently, the focus - in connection with the adaptation by national legislation - is on the development of a national allocation plan. (orig.) [German] Knapp zwei Jahre nach der Vorlage eines Richtlinien-Entwurfs durch die Europaeische Kommission ist die Richtlinie zur 'Einfuehrung eines EU-weiten Handels mit Treibhausgas-Emissionszertifikaten' in Kraft getreten. Im Mittelpunkt der Umsetzung der Richtlinie in nationales Recht steht die Erstellung eines Nationalen Allokationsplans, dem Kernelement des Zertifikatehandels. Fuer die Stromwirtschaft relevante Aspekte werden eroertert. (orig.)

  18. Effects of intraday trade on NorNed

    Energy Technology Data Exchange (ETDEWEB)

    2011-06-15

    In this report we study the effects of introducing intraday trade on the NorNed cable between Norway and the Netherlands, effectively increasing the geographical scope of the existing intraday markets in both countries, by analysing the effects on the incentives of existing and potential new market participants. The analysis of the effects on incentives is mainly based on a fundamental analysis of resource prices in the two countries, using the day-ahead supply curves in both countries. It also includes an analysis of the dynamics of trade, interdependencies between the different market time frames (day-ahead, intraday and balancing stage) and price behaviour. In addition we describe the day-ahead, intraday and balancing markets of the two countries and identify factors in the market designs which may affect the incentives for intraday trade. (Author)

  19. An investigation into the development of consolidation of distributed generation within the wholesale electricity trading arrangements

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2005-07-01

    In this report the problems faced by distributed generators is explored under the New Electricity Trading Arrangements (NETA) in relation to the low price received for generation above contract requirement and the high price charged for under generation, and the lack of an alternative to the bilateral contract. The background to the study is traced, and the economics and history of consolidation, the NETA environment, development of imbalance prices, and the market for consolidation are outlined. An overview of consolidation in practice is presented, covering the generators and suppliers views, and specialist consolidators. The main options for development, and consolidation models are considered as well as net benefits, regulatory and commercial impediments to consolidation, and the potential impact of BETA.

  20. Renewable portfolio standard and certificates trading on the Dutch electricity market

    International Nuclear Information System (INIS)

    Drillsch, J.

    2001-01-01

    In 1996, the Dutch distribution companies signed a voluntary agreement to reduce CO 2 emissions. As one element of the agreement a renewable portfolio standard (RPS) for the electricity distribution companies with certificates trading was introduced (green label system). The analysis reveals that the total volume of the obligation (3%) can be considered as modest. In addition, it seems more appropriate to replace the distribution companies' current monopoly for the issuing of the certificates by an independent institution. A flexibility mechanism (e.g., a certificates' banking system), which prevents high volatilities in the certificates' market price, and a clear sanction mechanism is needed. A drawback of the current Dutch system is the discriminatory financing of the RPS, which is only provided by MAP tariff customers. Nevertheless, the Dutch RPS may induce an efficient allocation of financial means to support renewable energies. It provides valuable experiences in the functioning of the new system, from which other countries may gain. (author)

  1. An investigation into the development of consolidation of distributed generation within the wholesale electricity trading arrangements

    International Nuclear Information System (INIS)

    2005-01-01

    In this report the problems faced by distributed generators is explored under the New Electricity Trading Arrangements (NETA) in relation to the low price received for generation above contract requirement and the high price charged for under generation, and the lack of an alternative to the bilateral contract. The background to the study is traced, and the economics and history of consolidation, the NETA environment, development of imbalance prices, and the market for consolidation are outlined. An overview of consolidation in practice is presented, covering the generators and suppliers views, and specialist consolidators. The main options for development, and consolidation models are considered as well as net benefits, regulatory and commercial impediments to consolidation, and the potential impact of BETA

  2. Synaptic Effects of Electric Fields

    Science.gov (United States)

    Rahman, Asif

    Learning and sensory processing in the brain relies on the effective transmission of information across synapses. The strength and efficacy of synaptic transmission is modifiable through training and can be modulated with noninvasive electrical brain stimulation. Transcranial electrical stimulation (TES), specifically, induces weak intensity and spatially diffuse electric fields in the brain. Despite being weak, electric fields modulate spiking probability and the efficacy of synaptic transmission. These effects critically depend on the direction of the electric field relative to the orientation of the neuron and on the level of endogenous synaptic activity. TES has been used to modulate a wide range of neuropsychiatric indications, for various rehabilitation applications, and cognitive performance in diverse tasks. How can a weak and diffuse electric field, which simultaneously polarizes neurons across the brain, have precise changes in brain function? Designing therapies to maximize desired outcomes and minimize undesired effects presents a challenging problem. A series of experiments and computational models are used to define the anatomical and functional factors leading to specificity of TES. Anatomical specificity derives from guiding current to targeted brain structures and taking advantage of the direction-sensitivity of neurons with respect to the electric field. Functional specificity originates from preferential modulation of neuronal networks that are already active. Diffuse electric fields may recruit connected brain networks involved in a training task and promote plasticity along active synaptic pathways. In vitro, electric fields boost endogenous synaptic plasticity and raise the ceiling for synaptic learning with repeated stimulation sessions. Synapses undergoing strong plasticity are preferentially modulated over weak synapses. Therefore, active circuits that are involved in a task could be more susceptible to stimulation than inactive circuits

  3. The distribution of the electric energy consumed in the World Trade Center building; La distribucion de la energia electrica consumida en el edificio World Trade Center

    Energy Technology Data Exchange (ETDEWEB)

    Gaona de la Fuente, Alvaro; Carrillo Borja, Angel [Luz y Fuerza del Centro, Mexico, D. F. (Mexico)

    1997-12-31

    This document describes the distribution of the electric energy in the World Trade Center building. Also called the Business International Capital, it is a modern international concept that integrates under the same roof services and supports required by the foreign commerce, with a great 50 stories high building, information network, a business center, a commercial center, an international center for exhibits and conventions and a luxury hotel. It is a modern building equipped with a numberless technological advancements an a total installed electrical load of 35000 kVA. The distribution structures utilized for high buildings are described, the structure that was decided to adopt in the World Trade Center, the requirement for the execution of the distribution electric work, the Luz y Fuerza installations in the buildings conglomerate, the operation and maintenance of the distribution network of this building and the basic needs for new installations of this type of buildings [Espanol] En el presente documento se describe la distribucion de la energia electrica del edificio World Trade Center de la ciudad de Mexico. Llamado tambien la capital internacional de los negocios es un moderno concepto internacional que integra bajo un mismo techo servicios y apoyos que se requieren para el comercio exterior contando con una gran torre de 50 pisos, red de informacion, un centro de negocios, un centro comercial, un centro internacional de exposiciones y convenciones y un hotel de lujo. Es un edificio moderno equipado con un sinnumero de adelantos tecnologicos y con una carga total instalada de 35000 kVA. Se describen las estructuras de distribucion utilizadas en edificios altos, la estructura que se decidio implantar en el World Trade Center, los requerimientos para la ejecucion de la obra electrica de distribucion, las instalaciones de Luz y Fuerza en el conjunto de dicho edificio, la operacion y mantenimiento de la red de distribucion de este edificio, y las necesidades

  4. Effects Of Trade Liberalisation Policy On Nigerian Agricultural Exports

    African Journals Online (AJOL)

    This paper examines the effects of trade liberalization on Agricultural exports in Nigeria. It was observed that the policy had tremendous effects on the level and value of exports in agricultural sub-sector. A regression analysis relating the total value of agricultural produce and the aggregated domestic prices, and other ...

  5. Environmental challenges and opportunities of the evolving North American electricity market : Design and legal considerations for North American emissions trading

    International Nuclear Information System (INIS)

    Russell, D.

    2002-06-01

    When considering a multi-pollutant emissions trading system covering Mexico, the United States and Canada, several issues must be looked at. Such a system would result from the changing environment in the electricity sector. An understanding of the architectural elements involved in the design of an emissions trading regime was the stated goal for the preparation of this working paper. In the event of the implementation of a North American emissions trading system, some potential interface issues resulting from the North American Free Trade Agreement (NAFTA) were identified. An overview of the emissions trading systems currently in place in North America and their results was included in a background paper, as well as a description of architectural elements comprised in the design of an emissions trading system, the implications of cross-border harmonization taking into account environmental integrity and economic efficiency, and potential trade issues. This paper was circulated among a broad section of policy experts in environmental matters, and was then discussed at an informal workshop in December 2001, attended by 25 cross-sectoral experts. The author also identified several areas where further work is required. refs., 2 tabs

  6. Exchange Rate Effects on International Commercial Trade Competitiveness

    Directory of Open Access Journals (Sweden)

    Ionel Bostan

    2018-04-01

    Full Text Available This study is meant to be an evaluation sustained by theoretical and empirical considerations of the exchange rate impact on international commercial trade competitiveness. In this respect, the study aims to find how the exchange rate influences Romanian competitiveness through assessing the effects generated on exports and imports. The main purpose of the study is to assess the complex action of the exchange rate on international commercial trade competitiveness in contemporaneity and the connections between these variables. The empirical part contains a regression analysis where exports and imports are dependent variables influenced by a series of determinants.

  7. Exchange rate and trade balance: J-curve effect

    Directory of Open Access Journals (Sweden)

    Petrović Pavle

    2010-01-01

    Full Text Available This paper shows that exchange rate depreciation in Serbia improves trade balance in the long run, while giving rise to a J-curve effect in the short run. These results add to the already existent empirical evidence for a diverse set of other economies. Both Johansen's and autoregressive distributed lag approach are respectively used giving similar long-run estimates showing that real depreciation improves trade balance. Corresponding errorcorrection models as well as impulse response functions indicate that, following currency depreciation, trade balance first deteriorates before it later improves, i.e. exhibiting the J-curve pattern. These results are relevant for policy making both in Serbia and in a number of other emerging Europe countries as they face major current account adjustments after BoP crises of 2009.

  8. Evaluating the effect of domestic support on international trade

    DEFF Research Database (Denmark)

    Urban, Kirsten; Brockmeier, Martina; Jensen, Hans Grinsted

    We use the Mercantilist Trade Restrictiveness Index (MTRI) to develop an extended index that measures the overall trade effects of domestic support payments in a general equilibrium framework environment. Our index is capable of analyzing the development of the trade restrictiveness of domestic...... support payments over time and across countries and of comparing these payments with other protection instruments. Furthermore, our index helps evaluate agricultural policy reforms that introduce changes into the composition of domestic support payments. We conduct this analysis with an extended version...... of the GTAP model and database using the EU as an example. Thus, we incorporate detailed EU domestic support payments taken from the OECD Producer Support Estimate (PSE) tables in the GTAP framework and reconcile PSE data with the WTO classification scheme. Although our index slightly increases from 2004...

  9. Tools of the Trade for More Effective Instructional Leaders.

    Science.gov (United States)

    Pino, Edward C.

    1988-01-01

    Instructional leaders need a sturdy support system and a sound background in clinical supervision to be effective administrators. This article identifies three vital tools of the trade: a specific set of basic skills for quality teaching; a support system for each teaching skill; and a dependable, flexible, and personalized delivery system. (MLH)

  10. Cocoa Farmers' Perception of the Effect of World Trade ...

    African Journals Online (AJOL)

    The study examined the perception of cocoa farmers of the effect of the standards of the World Trade Organisation on cocoa production in Ondo State, Nigeria. Simple random sampling technique was used to select farmers in the area covered by the project and primary data were collected through the use of a structured ...

  11. The electricity exchange. On the organisation and latent functions of electricity exchange trading as seen from the viewpoint of market sociology; Die Stromboerse. Ueber Form und latente Funktionen des boerslichen Stromhandels aus marktsoziologischer Sicht

    Energy Technology Data Exchange (ETDEWEB)

    Giacovelli, Sebastian

    2014-07-01

    Electricity exchange trading in Germany has existed since the year 2000. Since this time, the Leipzig electricity exchange, a reference market for off-exchange electricity trading, has operated in an environment marked by both criticism and acceptance. Taking this field of controversy as a point of departure the present empirical study in market sociology undertakes to investigate the organisation and latent functions of electricity exchange trading. The ensuing analysis provides answers to questions as to how prices are formed on the electricity exchange and what officially incommunicable functions are served by price formation on exchanges.

  12. Guaranteeing the implementation of guarantees of origin: Creating a fair mechanism for renewable electricity generation and trade in europe

    International Nuclear Information System (INIS)

    Houwing; Michiel; Vries, Laurens J. de

    2005-01-01

    With the Renewables Directive (2001/77/EC) the EU has obliged its Member States to implement the Guarantees of Origin (GO) policy instrument into their national renewable electricity support schemes. Compared to formerly existing policy instruments as tradable green certificates, GOs can in a Union broad quota obligation scheme, for example, prove to be of major value in arriving at a more transparent and efficient way of trading renewable electricity. This paper gives an overview of the most important hurdles still to be addressed, mainly being double counting issues and policy interactions. When more clarity is given from the Commission in the future and when more EU Member States implement GOs beyond the minimum requirements, international trading of renewable electricity can become truly feasible. (Author)

  13. International trade and employment: trade partner country effects on jobs and wages

    NARCIS (Netherlands)

    Fortanier, F.N.; Jaarsma, M.; Korvorst, M.

    2011-01-01

    Recent academic research has consistently identified trading firms - both exporters and importers - to be larger, and to pay higher wages than their non-trading counterparts. However, not all trade is equal: imports from low-wage countries may destroy employment, particularly among low-skilled

  14. Trade tensions between EU and Russia: Possible effects on trade in agricultural commodities for Visegrad countries

    NARCIS (Netherlands)

    Erokhin, V.; Heijman, W.J.M.; Ivolga, A.

    2014-01-01

    The paper includes overview of the current state of the EU-CIS and the EU-Russia trade flows with particular attention to trade in agricultural commodities, as well as contemporary tendencies in agricultural production and foreign trade in agricultural commodities and food in Russia. The paper

  15. Climate change trade measures : estimating industry effects

    Science.gov (United States)

    2009-06-01

    Estimating the potential effects of domestic emissions pricing for industries in the United States is complex. If the United States were to regulate greenhouse gas emissions, production costs could rise for certain industries and could cause output, ...

  16. THE EFFECT OF EXCHANGE RATE VOLATILITY ON WHEAT TRADE WORLDWIDE

    OpenAIRE

    Sun, Changyou; Kim, Mina; Koo, Won W.; Cho, Guedae; Jin, Hyun Joung

    2002-01-01

    A modified gravity-type model was employed to evaluate the effect of exchange rate volatility on wheat exports worldwide. Special attention was given to the econometric properties of the gravity model within panel framework. Short and long-term measures of exchange rate volatility were constructed and compared. Both measures of exchange rate volatility have exhibited a negative effect on world wheat trade and the long-term effect was even larger. This result implies that exchange rate volatil...

  17. Effects of electric discharges on polymers

    International Nuclear Information System (INIS)

    Bagirov, M.A.

    2002-01-01

    Full text: One of the reasons for the worsening of electrical properties of polymeric isolation in use in the effect of the electric discharges which developing in the gas inclusions and in the interlayer inside the isolation itself. The electrical discharges in the gas gap lead to the electrical growing old and the worsening of its electro physical qualities. We have learned the changes of electrical properties (dielectrical permeability and dielectrical loss, and electrical conductivity, electrical strength) of polymer films under the influence of electrical discharges. This paper shows the ways of increase of stability of polymers to the electrical discharges

  18. Reference-dependent electric vehicle production strategy considering subsidies and consumer trade-offs

    International Nuclear Information System (INIS)

    Zhang, Xiang

    2014-01-01

    In this paper, we extend previous reference-dependence newsvendor research by incorporating both consumer trade-offs and government subsidies to evaluate the relevant influences on the optimal electric vehicle (EV) production decisions. We present the properties of the model, derive the closed-form solutions for the model given the relevant constraints, and use numerical experiments to illustrate the results. We find that subsidies, loss aversion, the performance of both EVs and internal combustion engine-powered vehicles (ICEVs), and the coefficient of variation of demand are significant factors influencing the optimal production quantity and the expected utilities of EV production. The high selling price and other high costs of ICEVs help offset the influence of loss aversion, whereas the high costs of EV enhance loss aversion. Our study enriches the literature on subsidies for EVs by establishing a behavioral model to incorporate the decision bias in terms of loss aversion at the firm level. These findings provide guiding principles for both policymakers and EV managers for making better strategies to promote EVs in the early immature market. - Highlights: • The performance of both electric vehicles (EVs) and internal combustion engine-power vehicles (ICEVs) influences the EV production decisions. • A loss averse EV manager produces less and obtains less the expected utility than a risk neutral one. • Subsidies help decrease the EV breakeven quantity, increase the optimal quantity, offset the influence of loss aversion. • Subsidies should be adjusted according to the performance of both EVs and the ICEVs, demand heterogeneity, and local conditions. • The high ICEVs costs help offset the influence of loss aversion, whereas the high EV costs enhance loss aversion

  19. Energy trading

    International Nuclear Information System (INIS)

    Glachant, J.M.; Kimman, R.; Schweickardt, H.E.

    2001-05-01

    This document brings together 18 testimonies of experts about energy trading: 1 - the energy trading experience on European deregulated markets: structure of deregulated energy markets in Europe, case study: a two years experience of a power exchange in western Europe, case study: European energy exchanges (experience of spot and future trading), case study: risk management on energy deregulated markets; 2 - the trading activity environment and realities in France: the French electrical law and the purchase for resale, experience feedback: status after 3 months of trading in France (the first experience of a French producer), the access to the power transportation network, which legal constraints for trading in France, the access of eligible clients to the French power market, conditions of implementation of a power exchange market in France, which real trading possibilities in France for producers and self-producers in the legal frame, case study: the role of trading in the company (main part or link to process), convergence of gas and electricity markets, gas-electricity trading: which pricing models; 3 - risk management and use of new technologies potentiality, the results outside the French borders: case study: what differences between the European and US markets, prices volatility and commodity risk management: towards the on-line trading, role and developments of E-business in energy trading, how to simplify trade in a liberalized market. (J.S.)

  20. The Effect of Foreign Trade Policy Transparency on Integration of Ukraine in the World Economy

    Directory of Open Access Journals (Sweden)

    Yakovchenko Victoria S.

    2018-02-01

    Full Text Available The article is concerned with the interdependence between dynamics of the international trade and economic relations development and the existing level of foreign trade policy transparency in accordance with the provisions of the WTO Trade Facilitation Agreement. The effect of observance of transparency principle in foreign trade policy on forming the transaction costs in foreign trade is analyzed. A comparative analysis of the influence of import duties and transaction costs on the formation of Ukraine’s foreign trade barriers is carried out. Prospects of the national export-import activity development under increasing transparency of foreign trade policy of Ukraine and other world countries are determined.

  1. Trade Openness and its Effects on Economic Growth in selected Asian Countries

    OpenAIRE

    Ganbold, Delgermaa

    2014-01-01

    This bachelor thesis examines the effect of international trade on economic growth in China, Kazakhstan and Mongolia. The determinants of international trade and their impact on economic development are reviewed in the Theoretical background. Subsequently, the countries' major trading factors and trade strategies which contribute to their economic growth are also analysed in this thesis. The main aim - the quantification of relationship between international trade and economic growth is appli...

  2. Proceedings of the Emissions trading conference : effective strategies for successful emissions trading in a global market

    International Nuclear Information System (INIS)

    2001-01-01

    There is growing interest everywhere in the topic of emissions trading in order to meet the commitments made under the Kyoto Protocol. During this conference, most aspects of emissions trading were discussed, ranging from the need to establish credible emission reduction estimates to the means of achieving those goals, to the trading activities of Ontario Power Generation in the field of emissions trading both at the domestic and the international level. There were presentations that focussed on greenhouse gas policies, markets and strategic plays, and the preparation for the regulation of greenhouse gas. An emissions trading regime for Canada was examined by one of the presenters. This conference provided a useful venue for all stakeholders to discuss various strategies and ideas related to emissions trading. Speakers represented governments, the private sector and utilities, as well as the National Round Table on the Environment and the Economy. tabs., figs

  3. China and India: Openness, Trade and Effects on Economic Growth

    Directory of Open Access Journals (Sweden)

    Marelli, Enrico

    2011-06-01

    Full Text Available The purpose of this paper is to analyse the economic growth of China and India in terms of their integration in the global economy. We begin with a discussion of some stylized facts concerning their recent economic growth, the most significant institutional reforms, with particular reference to trade relations, and their impact on their economic development. We then propose a descriptive analysis of economic growth, opening up of the economies and trade specialisation, by comparing the features and trends of the two countries (by considering trade and foreign direct investment data. We have also estimated some econometric relations between economic growth and trade/openness, with the addition of control variables (such as the gross fixed capital formation. We initially used a panel data model for the two countries, to be estimated with fixed effects; to test for reverse causality, we re-estimated the fixed effects model by 2SLS (with the inclusion of specific instrumental variables. The effect on economic growth (in terms of GDP per capita of our variables of interest - Openness and FDI - remains positive and statistically significant in all specifications, which confirms our findings even if we treat these variables as endogenous variables. The results prove the positive growth effects, for the two countries, of opening up and integrating in the world economy. Note that the robust growth of these two "giants" has contained the initial impact of the recent global crisis and is now sustaining the recovery of the entire world economy. Other policy relevant implications are discussed in the concluding section.

  4. Spatial equilibrium energy prices: a proposal for trade in electric power under deregulation and privatization of the generation sector

    International Nuclear Information System (INIS)

    Mukherjee, S.

    1992-01-01

    The concept of spatial equilibrium prices for electricity is presented based on incremental generating costs and transmission costs between major generating and load centers, which may be individual generators, utilities or countries. The equilibrium price changes in time and space, with the important property that these prices, if used for trading of electricity, results in all loads being served at minimal total cost. A network modeling approach for determining optimal operation of an interconnected system of utilities and independent generators simultaneously calculates these equilibrium prices. The methodology determines optimal generation by each utility, transactions between them, and the flows in the transmission network. 11 refs., 3 figs

  5. Trade Openness Effect on Income Inequality: Empirical Evidence from Indonesia

    Directory of Open Access Journals (Sweden)

    Lestari Agusalim

    2018-01-01

    Full Text Available This research analyzed the effect of international trade openness to income inequality in Indonesia using Vector Error Correction Model (VECM. The data used is the secondary data, which are the export-import value, gross domestic product (GDP, GDP per capita, open unemployment rate, and Gini index. The results of this study indicate that in the short term the trade openness has negative impact significantly on the income inequality. However, in the long-run, it does not show any significant effect in decreasing the income inequality rate. The impulse response function (IRF concluded that income inequality gives a positive response, except on the third year. Based on the forecast error variance decomposition (FEDV, the trade openness does not provide any significant contribution in effecting the income inequality in Indonesia, but economic growth does. Nevertheless, in long-term, the economic growth makes the income inequality getting worse than in the short-term.DOI: 10.15408/sjie.v7i1.5527

  6. Relative Pricing of Publicly Traded U.S. Electric Utility Companies

    Science.gov (United States)

    Jewczyn, Nicholas Stephen

    In the financial turmoil of 2008, U.S. firms reported debt-ratios that differed from the debt-ratios calculated from balance sheets. The problem is that investors bought common stock expecting initial investment return and lost money when companies delisted. The purpose of this quantitative study was to determine sample securities pricing with the application of synthetic assets and debt accrued. Addressed in the research questions was whether those securities were (a) underpriced compared with return-on-assets (ROA), (b) overpriced compared with ROA, (c) a debt-ratio higher than 60% and also overpriced, (d) underpriced with a synthetic asset added, or (e) related by relative pricing to variant pricing and market capitalization. The study's base theory was Pan's efficient market hypothesis (EMH) of security price prediction of market prices versus model prices. The data from the financial statements of 16 publicly traded U.S. electric utility companies were analyzed via correlations and multiple regression analyses to determine securities pricing and suitability. The findings from the analyses of the sample's variables of market price, book value, market-to-book, and study constructed variables from those variable data were statistically significant. The alternate hypotheses were accepted for all 5 research questions since the analytical operationalization of the hypothetical constructs led to significant relationships. Results suggest that the use of more pricing determinants in securities evaluation may lead to investors losing less money and earning the expected returns for a more efficient capital market, leading to a stronger economy and macroeconomic stability.

  7. Proceedings of the 11. annual North American natural gas and electricity market conference and trade show : GasFair power 2002. CD-Rom ed.

    International Nuclear Information System (INIS)

    2002-01-01

    The electricity market is undergoing changes, from deregulation to competition and convergence. This conference provided an opportunity for North American natural gas and electricity industries representatives and stake holders to share their views concerning the many challenges, issues and opportunities in this field. Emerging market developments, issues and strategies are some of the topics discussed during this conference and trade show. The organizers placed emphasis on energy purchasers and managers, and the opportunities facing them for the improvement of their company's financial health by means of savings on natural gas costs and electricity purchases. In addition, there are several opportunities for improved energy efficiency and technologies and integrated energy and risk management programs which were all discussed. The economic challenges and opportunities arising from the supply, demand, marketing and pricing for gas and power products and services facing energy marketers, traders, producers, utilities and transporters were addressed. A detailed and practical examination of ways by which energy consumers can address issues of volatile gas and power prices was provided. Effective, cost saving purchasing options and risk management strategies and tools, contracting, outsourcing, aggregating and cost-effective energy management programs were also explored. In all, approximately 900 delegates attended the conference and trade show from all across Canada and the United States. refs., tabs., figs

  8. Continuous Trading Dynamically Effectively Complete Market with Heterogeneous Beliefs

    DEFF Research Database (Denmark)

    Qin, Zhenjiang

    on the heterogeneous posterior variance of dividend throughout [0; T). The market populated with many time-additive exponential-utility investors is dynamically effectively complete, if investors are allowed to trade in only two long-lived securities continuously. The underlying mechanism is that these assumptions...... imply that the Pareto efficient individual consumption plans are measurable with respect to the aggregate consumption. Hence, I may not need a dynamically complete market to facilitate a Pareto efficient allocation of consumption, the securities only have to facilitate an allocation which is measurable...... a sufficient statistic for computation of the price of redundant dividend derivative and the equilibrium portfolios. The investors form their Pareto optimal trading strategies as if they intend to dynamically endogenously replicate the value of the dividend derivative....

  9. EFFECTS OF TRADE FLOW LIBERALIZATION: CASE OF ASEAN, NAFTA & MERCOSUR

    Directory of Open Access Journals (Sweden)

    Hasan Mahmutović

    2018-04-01

    Full Text Available An important factor and the inescapable link of the globalization process are economic integrations, which by the liberalization of trade flows contributes significantly to the interconnection of countries, thus directly affecting the enhancement of the value of macroeconomic parameters at the level of the formed integration. The aim of this paper is to examine the effects of economic integration on the example of ASEAN, NAFTA and MERCOSUR integration, which, along with the European Union, represent the most relevant integrations in the world. The analysis showed, as a consequence of the integration, increased volume of trade exchange, increased FDI level and achieved real economic growth on the level of integration. However, the analysis has shown, in particular in the ASEAN area, that there is still a problem of uneven distribution of income and fairer implementation of regional policy, in order to integrate growth generated into the development of less developed areas.

  10. When is public enforcement of insider trading regulations effective?

    NARCIS (Netherlands)

    Wielhouwer, J.L.

    2013-01-01

    In this paper we investigate when public enforcement of insider trading regulations reduces the amount of insider trading. We model a game between a potentially self-interested regulator enforcing insider trading laws and a trader who may be trading on inside information. We show that equilibrium

  11. Working group on unbundling of electricity trade operations 2. A group report; Saehkoeliiketoimintojen eriyttaemistyoeryhmae 2. Tyoeryhmaen mietintoe

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2000-09-01

    The current unbundling of operations in accounts has proved inadequate. No formula or model that could be made binding by provisions have been defined for unbundled accounts. In addition, unbundling can draw a distinct line between commercial activities and network operations, which have assumed various authoritative functions. Against this background, the need for clearer unbundling has become more marked. The working group suggests that the current provisions on unbundling of trade operations should be tightened and that the unbundling should be made clearer especially in terms of allocation of joint costs. For this, the necessary preparations by the authorities should be initiated urgently. At the same time, the working group proposes that network operations should be unbundled from other operations by incorporation or by unbundling them into a separate public utility. The smallest electric utilities should be exempted from the obligation of incorporating network operations. According to the working group, the lower limit could be fixed e.g. at 70 GWh a year. The working group also suggests that the licensees must own the electricity networks they operate. The licensees could not rent their networks from the mother company nor lease them from a financing company. The model proposed by the working group would redress the major problems connected with the supervision of the electricity market. The monopoly, i.e. the electricity network operations, under the supervision of the Electricity Market Authority could thus be unbundled. This would improve the functioning of the market and facilitate the supervision. However, the model would not abolish the tax concession of municipal public utilities in competitive trade operations, production and sale of electricity. The tax concession may affect the competitive situation on the electricity market. (orig.)

  12. Trade linkages and macroeconomic effects of the price of oil

    International Nuclear Information System (INIS)

    Korhonen, Iikka; Ledyaeva, Svetlana

    2010-01-01

    In this paper we assess the impact of oil price shocks on oil-producer and oil-consuming economies. VAR models for different countries are linked together via a trade matrix, as in Abeysinghe (2001). As expected, we find that oil producers (here, Russia and Canada) benefit from oil price shocks. For example, a large oil shock leading to a price increase of 50% boosts Russian GDP by about 6%. However, oil producers are hurt by indirect effects of positive oil price shocks, as economic activity in their exporter countries suffers. For oil consumers, the effects are more diverse. In some countries, output falls in response to an oil price shock, while other countries seem to be relatively immune to oil price changes. Finally, indirect effects are also detected for oil-consumer countries. Those countries, which trade more with oil producers, gain indirect benefits via higher demand from oil-producing countries. In general, the largest negative total effects from positive oil price shocks are found for Japan, China, the USA, Finland and Switzerland, while other countries in our sample seem to have fared quite well during recent positive oil price shocks. The indirect effects are negative for Russia, Finland, Germany and Netherlands. (author)

  13. 75 FR 28059 - Actual Effects of the Free Trade Agreements With Chile, Australia, and Singapore

    Science.gov (United States)

    2010-05-19

    ... Agreements With Chile, Australia, and Singapore AGENCY: United States International Trade Commission. ACTION... Trade Agreements with Chile, Australia, and Singapore. DATES: July 15, 2010: Deadline for filing written... effects of the free trade agreements (FTAs) concluded with Chile, Singapore, and Australia. In its report...

  14. 75 FR 24969 - China's Agricultural Trade: Competitive Conditions and Effects on U.S. Exports

    Science.gov (United States)

    2010-05-06

    ... support and government programs related to agricultural markets, foreign direct investment policies, and... INTERNATIONAL TRADE COMMISSION [Investigation No. 332-518] China's Agricultural Trade: Competitive... investigation No. 332-518, China's Agricultural Trade: Competitive Conditions and Effects on U.S. Exports. DATES...

  15. Optimal trading of plug-in electric vehicle aggregation agents in a market environment for sustainability

    International Nuclear Information System (INIS)

    Shafie-khah, M.; Heydarian-Forushani, E.; Golshan, M.E.H.; Siano, P.; Moghaddam, M.P.; Sheikh-El-Eslami, M.K.; Catalão, J.P.S.

    2016-01-01

    Highlights: • Proposing a multi-stage stochastic model of a PEV aggregation agent. • Reflecting several uncertainties using a stochastic model and appropriate scenarios. • Updating bids/offers of PEV aggregation agents by taking part in the intraday market. • Taking part in Demand Response eXchange (DRX) markets. - Abstract: Ever since energy sustainability is an emergent concern, Plug-in Electric Vehicles (PEVs) significantly affect the approaching smart grids. Indeed, Demand Response (DR) brings a positive effect on the uncertainties of renewable energy sources, improving market efficiency and enhancing system reliability. This paper proposes a multi-stage stochastic model of a PEV aggregation agent to participate in day-ahead and intraday electricity markets. The stochastic model reflects several uncertainties such as the behaviour of PEV owners, electricity market prices, and activated quantity of reserve by the system operator. For this purpose, appropriate scenarios are utilized to realize the uncertain feature of the problem. Furthermore, in the proposed model, the PEV aggregation agents can update their bids/offers by taking part in the intraday market. To this end, these aggregation agents take part in Demand Response eXchange (DRX) markets designed in the intraday session by employing DR resources. The numerical results show that DR provides a perfect opportunity for PEV aggregation agents to increase the profit. In addition, the results reveal that the PEV aggregation agent not only can increase its profit by participating in the DRX market, but also can become an important player in the mentioned market.

  16. The adverse effect of real effective exchange rate change on trade balance in European transition countries

    Directory of Open Access Journals (Sweden)

    Selena Begović

    2017-12-01

    Full Text Available Most European transition countries have fixed or highly managed flexible exchange rate regimes. This exchange rate rigidity is sometimes argued to worsen the trade balance by keeping the currency overvalued. However, there is no unambiguous evidence that currency depreciation/devaluation positively affects trade balance and leads towards the adjustment, even in the short-run. Therefore, we examine the effect of real effective exchange rate (hereafter REER on trade balance in European transition economies over the period 2000-2015. By using fixed effect model for static and generalised method of moments for dynamic estimation, we find that there is an adverse effect of the REER on trade balance in European transition countries over the period 2000-2015. Namely, depreciation of REER deteriorates trade balance in European transition countries, which could be explained by high import dependence and low export capacity. This implies that policymakers in European transition countries should not use exchange rate policy to improve trade balance. This is important in the light of their accession towards European economic and monetary integration, implying that these countries should focus more on using fiscal, rather than monetary (and exchange rate, policy to adjust trade balance, which is one of the required real convergence towards the EU standards.

  17. Industrial Electricity. In-Plant Distribution. Vocational Trade and Industrial Education.

    Science.gov (United States)

    Teague, Cash; Pewewardy, Garner

    This curriculum guide, part of a series of industrial electricity curriculum guides, consists of materials for use in teaching a course on the in-plant distribution of electricity. Discussed in the introductory lessons are the National Electrical Code, power equipment, and blueprint reading. The next section, a series of units on branch-circuit…

  18. S/EV 91: Solar and electric vehicle symposium, car and trade show. Proceedings

    Energy Technology Data Exchange (ETDEWEB)

    1991-12-31

    These proceedings cover the fundamentals of electric vehicles. Papers on the design, testing and performance of the power supplies, drive trains, and bodies of solar and non-solar powered electric vehicles are presented. Results from demonstrations and races are described. Public policy on the economics and environmental impacts of using electric powered vehicles is also presented.

  19. 77 FR 15091 - Application To Export Electric Energy; DTE Energy Trading, Inc.

    Science.gov (United States)

    2012-03-14

    ... DEPARTMENT OF ENERGY [OE Docket No. EA-211-C] Application To Export Electric Energy; DTE Energy... transmit electric energy from the United States to Canada pursuant to section 202(e) of the Federal Power... transmit electric energy from the United States to Canada as a power marketer for a two-year term using...

  20. The gravity model specification for modeling international trade flows and free trade agreement effects: a 10-year review of empirical studies

    OpenAIRE

    Kepaptsoglou, Konstantinos; Karlaftis, Matthew G.; Tsamboulas, Dimitrios

    2010-01-01

    The gravity model has been extensively used in international trade research for the last 40 years because of its considerable empirical robustness and explanatory power. Since their introduction in the 1960's, gravity models have been used for assessing trade policy implications and, particularly recently, for analyzing the effects of Free Trade Agreements on international trade. The objective of this paper is to review the recent empirical literature on gravity models, highlight best practic...

  1. Trade-offs Between Electricity Production from Small Hydropower Plants and Ecosystem Services in Alpine River Basins

    Science.gov (United States)

    Meier, Philipp; Schwemmle, Robin; Viviroli, Daniel

    2015-04-01

    The need for a reduction in greenhouse gas emissions and the decision to phase out nuclear power plants in Switzerland and Germany increases pressure to develop the remaining hydropower potential in Alpine catchments. Since most of the potential for large reservoirs is already exploited, future development focusses on small run-of-the-river hydropower plants (SHP). Being considered a relatively environment-friendly electricity source, investment in SHP is promoted through subsidies. However, SHP can have a significant impact on riverine ecosystems, especially in the Alpine region where residual flow reaches tend to be long. An increase in hydropower exploitation will therefore increase pressure on ecosystems. While a number of studies assessed the potential for hydropower development in the Alps, two main factors were so far not assessed in detail: (i) ecological impacts within a whole river network, and (ii) economic conditions under which electricity is sold. We present a framework that establishes trade-offs between multiple objectives regarding environmental impacts, electricity production and economic evaluation. While it is inevitable that some ecosystems are compromised by hydropower plants, the context of these impacts within a river network should be considered when selecting suitable sites for SHP. From an ecological point of view, the diversity of habitats, and therefore the diversity of species, should be maintained within a river basin. This asks for objectives that go beyond lumped parameters of hydrological alteration, but also consider habitat diversity and the spatial configuration. Energy production in run-of-the-river power plants depends on available discharge, which can have large fluctuations. In a deregulated electricity market with strong price variations, an economic valuation should therefore be based on the expected market value of energy produced. Trade-off curves between different objectives can help decision makers to define policies

  2. CO2 trade and market power in the EU electricity sector

    DEFF Research Database (Denmark)

    Svendsen, Gert Tinggaard; Vesterdal, Morten

    2002-01-01

    The EU commission is planning to launch an emission trading market for greenhouse gases within near future. This to meet its obligations under the United Nations Framework Convention on Climate Change and the Kyoto Protocol. After a theoretical discussion on market power in such a market, we turn...

  3. The EU Emissions Trading Scheme. Allowance Prices, Trade Flows, Competitiveness Effects

    International Nuclear Information System (INIS)

    Klepper, G.; Peterson, S.

    2004-03-01

    The upcoming European Emissions Trading Scheme (ETS) is one of the more controversial climate policy instruments. Predictions about its likely impact and its performance can at present only be made to a certain degree. As long as the National Allocations Plans are not finally settled the overall supply of allowances is not determined. In this paper we will identify key features and key impacts of the EU ETS by scanning the range of likely allocation plans using the simulation model DART. The analysis of the simulation results highlights a number of interesting details in terms of allowance trade flows between member countries, of allowance prices, and in terms of the role of the accession countries in the ETS

  4. Electricity structure and the impact on pricing, trade and the environment

    International Nuclear Information System (INIS)

    Pineau, P.O.

    2007-01-01

    The feasibility of integrating different electricity markets was discussed along with the benefits that can be derived. It was noted that some important differences in Canadian electricity markets create distortions that are harmful both economically and environmentally. Indirect subsidies provided to electricity consumers in British Columbia, Saskatchewan, Manitoba and Quebec result in inefficient consumption levels and in missed opportunities to reduce greenhouse gas (GHG) emissions. The structure of the Canadian electricity sector is characterized by public ownership and decentralization at the provincial level. The impact that this structure has on pricing policies, independent planning and environmental strategies was discussed. Alberta and Ontario have an hourly spot market fixing the market price for electricity, but all the other provinces use a pricing policy based on average cost, including a return on investment. This article also addressed the issue of electric generating units (EGUs) within each province and and their role in meeting provincial electricity demands. It was shown that electricity prices do not reflect the value of the resource across Canada. It was cautioned that subsidies create low electricity prices that result in inefficient consumption levels, thereby preventing clean hydropower to be exported to market-based provinces as a substitute to diesel, natural gas or coal-fuelled EGUs. An estimate of the indirect subsidies was presented in this article along with an analysis of possible consumption reduction scenarios if market prices were used. Carbon dioxide-equivalent emissions reductions that could be obtained if the saved energy was entirely exported were also estimated. Transmission issues involved in exporting electricity were also reviewed. It was argued that once strong financial incentives are in place to induce change, then economic and environmental gains will be proven. 9 tabs., 3 figs

  5. Market Monitor, development of the wholesale trade market of electricity 2006. Results

    International Nuclear Information System (INIS)

    Vermeulen, M.; Mulder, M.; Van den Reek, W.; Thomeer, G.; De Kleijn, M.

    2007-12-01

    The Office of Energy Regulation carries out its legal task by means of a monitor, a practical tool to assess and analyze the wholesale market for electricity. Monitoring of the wholesale electricity market concerns continuous, accurate and structured following of developments in the market. The aim is to identify in time signals from the market that could lead to a decrease of competition and transparency. The starting point of the monitor for the wholesale electricity market is the selection of indicators which give insight in real competition, liquidity and transparency [nl

  6. The effects of Trade Liberalization on the Consumption Function in ...

    African Journals Online (AJOL)

    This paper investigates the 1983 trade liberalization and inflation on the consumption function of Morocco. Findings indicate that trade liberalization and moderate inflation had little impact on consumption. The results do, however, show strong support for the permanent income hypothesis because lagged consumption was ...

  7. The Effects of International Trade on Resource Misallocation : Trade Partner Matters (Replaced by CentER DP 2012-046)

    NARCIS (Netherlands)

    Curuk, M.

    2011-01-01

    This paper suggests that contingent on the productivity level of the trade partner; international trade may create resource misallocation in less productive countries. It theoretically shows how productivity spillovers induced by trade with more productive countries and heterogeneity in pro-

  8. ELEVATED TEMPERATURE EFFECTS ON THE ELECTRICAL ...

    African Journals Online (AJOL)

    The effects of elevated temperatures on the electrical properties of Bi metal probe to Si thin films had been investigated for electric field values 10-100V/m. Measurements of current (I) – voltage (V) characteristics were obtained at temperatures 300,320,340,360,380 and 400K respectively. The results indicated linear I–V ...

  9. The Effect of Depreciation of the Exchange Rate on the Trade Balance of Albania

    Directory of Open Access Journals (Sweden)

    Kurtović Safet

    2017-06-01

    Full Text Available Almost all countries face the problems of trade balance, although they are more inherent in developing countries and economies in transition. A majority of economists adheres to a common opinion real depreciation may lead to an improvement of the trade balance. That said, countries encountering trade balance issues use real exchange rate depreciation in order to improve the trade balance situation. Albania belongs to the group of transition countries that has been facing negative trade balance over last two decades. National currency devaluations of the lek (ALL have been used by Albania to improve its trade balance. Therefore, this paper intends to investigate the effect of the real effective exchange rate depreciation of the ALL on the trade balance of Albania using quarterly data from 1994 to 2015. Bounds testing cointegration approach, vector error correction model (VECM and impulse response were used for empirical analysis. The results of the study show that there exists a long-term cointegration between the real effective exchange rate depreciation and the trade balance. Specifically, real effective exchange rate depreciation positively affects the trade balance of Albania in both the long-run and short-run indicating the weak presence of the J-curve effect. Important recommendations were derived from the results.

  10. Quota regime for renewable energy sources and Green Labels trading in the electricity market of the Netherlands

    International Nuclear Information System (INIS)

    Drillisch, J.

    1998-01-01

    The renewables quota regime combined with a ''green electricity'' labelling and trading system, implemented by the Dutch association of distribution undertakings, is the first of its kind in Europe. The distribution undertakings are bound by a commitment to take and distribute ''green label'' electricity from renewables amounting to approx. 3% of their total sales to contractual customers. This is a modest percentage, but the quota regime already proved to be a promoter of close-to-the-market generation technologies. It would be too early now to make a final statement on the quota regime's influence on enhanced use of renewable energy sources. Practice so far also revealed the need for some modifications in the design of the pricing system for''green electricity''. Current debates consider integration of renewable energy sources abroad. The first accounting date for giving evidence of compliance with the commitment to green label quotas is late in the year 2000. This will be the test for the system and the efficiency of sanctions provided for in case of non-compliance. It will be a task of the future to examine whether it might be appropriate to establish a similar system for the heat market. (RHM/CB) [de

  11. The structural effects of cap and trade climate policy

    International Nuclear Information System (INIS)

    Goettle, Richard J.; Fawcett, Allen A.

    2009-01-01

    The Inter-temporal General Equilibrium Model (IGEM) explores the cost to the U.S. economy of increasingly more stringent cap and trade regimes. The economy-wide losses are small with energy, agriculture, chemicals, high tech manufacturing and trade being most affected. The availability of lower cost offsets substantially reduces these economic losses. The economy becomes less capital but more labor intensive. Household welfare losses are smaller for full consumption (goods, services and leisure). A more inelastic trade-off between consumption and leisure dramatically reduces policy costs as do more favorable revenue recycling options. Induced technical change yields a small, measurable reduction in policy costs. (author)

  12. Effects of Bilateralism and the MFN Clause on International Trade

    DEFF Research Database (Denmark)

    Lampe, Markus

    2009-01-01

    manufactured goods. Gravity model estimates show that specific liberalizations increased exports of corresponding items, but not overall trade. Exporters from countries whose governments used bilateralism strategically to bring down partner tariffs benefitted most. Hence, the network in form and outcome......This study contributes to a revised picture of nineteenth-century bilateralism. Employing a new disaggregated data set, it argues that bilateral treaties did not implement general free trade, but instead reduced tariffs unevenly through commodity-specific preferences, especially favoring...... is more properly identified with reciprocal liberalization practiced by the French than with British free-trade ideology....

  13. 78 FR 20137 - Probable Economic Effect of Certain Modifications to the North American Free Trade Agreement...

    Science.gov (United States)

    2013-04-03

    ... INTERNATIONAL TRADE COMMISSION [Investigation No. TA-103-027] Probable Economic Effect of Certain... investigation No. TA-103-027, Probable Economic Effect of Certain Modifications to the North American Free Trade... reached agreement in principle with representatives of the governments of Canada and Mexico on proposed...

  14. The Effect of Exchange Rate Fluctuations on a Trade Balance, the case of Russia.

    OpenAIRE

    Masliukova, Tatiana

    2014-01-01

    This thesis examines the impact of exchange rate fluctuation on trade balance. In order to examine the effect of depreciation of domestic currency on the trade balance, the data for Russian Federation was used. The time series analysis includes quarterly data since 2000 till 2014. With help of cointegration model it was concluded that there is a long-term dependence between exchange rate and trade balance. Regression results suggest that the impact of depreciation of national currency on trad...

  15. Industry sector analysis, Mexico: Electric power production and distribution equipment. Export Trade Information

    International Nuclear Information System (INIS)

    Wood, J.S.; Miller, R.W.

    1988-09-01

    The Industry Sector Analyses (I.S.A.) for electric power production and distribution equipment contains statistical and narrative information on projected market demand, end-users, receptivity of Mexican consumers to U.S. products, the competitive situation - Mexican production, total import market, U.S. market position, foreign competition, and competitive factors, and market access - Mexican tariffs, non-tariff barriers, standards, taxes and distribution channels. The I.S.A. provides the United States industry with meaningful information regarding the Mexican market for electric power production and distribution equipment

  16. CO2 price dynamics. A follow-up analysis of the implications of EU emissions trading for the price of electricity

    International Nuclear Information System (INIS)

    Sijm, J.P.M.; Ten Donkelaar, M.; Hers, J.S.; Scheepers, M.J.J.; Chen, Y.

    2006-03-01

    The present study discusses the results of some follow-up analyses on the relationship between EU emissions trading and power prices, notably the implications of free allocations of CO2 emissions allowances for the price of electricity in Germany and the Netherlands. These analyses include: An update of the empirical and statistical analyses of the price trends and pass through rates of CO2 costs in the power sector of Germany and the Netherlands; An analysis by means of the model COMPETES of the potential effects of CO2 emissions trading on the wholesale market shares of the major power producers in the Netherlands; An analysis of two policy options to cope with certain adverse effects of passing through the opportunity costs of freely allocated CO2 emission allowances, i.e. less grandfathering to the major power producers - in favour of major electricity users - by either a more stringent allocation to the power generators or auctioning part of the allowances to these generators. A major finding of the present study is that dark/spark spreads of power production in Germany and the Netherlands have improved substantially in 2005, especially during the period August-December. Whereas valid CO2 pass through rates of 40 to 70 percent have been estimated for the first period of 2005 (January- July), estimates for the year 2005 as a whole - and particularly for the latter period August-December - seem to be less or not valid since other factors, such as market power or scarcity, seem also (or even more) responsible for the improvement of dark/spark spreads in the latter period of 2005 (while data are lacking to abstract for these other factors). Regarding the policy options to address adverse effects of CO2 cost pass through, the report concludes that a small degree of less grandfathering to the power producers (i.e. 10-20 percent of the allowances needed) will reduce their windfall profits accordingly, without a major, decisive impact on the operational and investment

  17. Participation of smaller size renewable generation in the electricity market trade in UK: Analyses and approaches

    DEFF Research Database (Denmark)

    Romanovsky, G.; Xydis, G.; Mutale, J.

    2011-01-01

    a number of specific historical, technical and economic reasons that significantly influenced the ability of the smaller size RES/DG to participate in the electricity market and in provision of balancing services in accordance with the UK National Grid requirements. This paper discusses some perspectives...

  18. The integrated North American electricity market : Enhancing opportunities for cross border trading and environmental performance

    International Nuclear Information System (INIS)

    Egan, T.

    2003-03-01

    The stability of the North American electricity industry has always been recognized, in both Canada and the United States. However, this sector is facing uncertainty mainly due to lack of clarity concerning market rules, environmental challenges, and the very poor investment climate. The principal thesis that was developed for this paper used those three factors as context and justification. The thesis is as follows: the evolving North American market is more and more regionally integrated, and that continued and growing regional integration will lessen uncertainty. All problems cannot be solved simply through increased regional integration, but it represents a step in the right direction in that it leads to greater efficiency, increased reliability, more predictable regulation and policy, lower costs and greater environmental benefits. The result is increased investor confidence and reduced uncertainty in the marketplace. To assist in the strengthening of this integration, the Canadian Electricity Association made seven recommendations. They were: (1) increased focus on harmonizing market rules and increased participation in the Regional Transmission Organizations, (2) development of North American strategy for the management of greenhouse gas emissions resulting from electricity generation, (3) identification of oportunites to further harmonize management of other air emissions, (4) creation of consistent methodology for the measurement of environmental performance, (5) enhancement of cross-border and interprovincial transmission transfer capability, (6) coordination of critical infrastructure protection, and (7) support of self-governing international organization for the development and enforcement of mandatory reliability standards for the evolving electricity industry. 5 figs

  19. Analyzing power pools and understanding the spot market based approach to electricity trading

    Energy Technology Data Exchange (ETDEWEB)

    Goulding, D. [Ontario Hydro, Toronto, ON (Canada)

    1997-12-31

    Highlights of the evolution of the electricity industry from franchised monopoly to commoditized markets were presented. Trends in commoditized markets include increased competition, a decline in profit margins and increases in price volatility. Examples of highly regulated industries that have commoditized include long distance telephone, airline and the trucking industries. Models of possible market structures for electricity were reviewed, among them: (1) mandatory one-sided spot market, (2) mandatory spot market, less central control, (3) optional two-sided spot market, and (4) physical bilateral based market. Management of the marketplace regardless of the model used, must assure system security and system reliability and meet real-time demand on the system. Possible roles for the Independent System Operator were discussed. The principal role was predicted to be the operation of an electronic exchange for forward contracts, operation of the spot market, and acting as a clearinghouse for buyers and sellers of forward contracts. 1 tab., 4 figs.

  20. Africa's intra-regional, inter-regional and intercontinental electricity trade - Techno-politico-economic considerations and future prospects

    Energy Technology Data Exchange (ETDEWEB)

    Ram, Babu

    2007-07-01

    The majority of Africa's population does not have access to electricity. The Sub-Saharan African is largely hit save South Africa. Among the many reasons for this situation, the major one is: the insufficient growth of the investment against the demand of electricity. This is to say that the investment has not been able to keep pace with the demand which has been rising with the growing population and with the economic activities. As a result, there is a backlog of investment. To circumvent this situation, 4 billion dollar annual investment is needed in the electricity sector. But the risks and high transaction costs of African economies deter investors and are relatively unable to attract them. Furthermore, a number of African economies are small due to which the benefits of the economy of scale are not realizable. Moreover, isolated and individualistic planning makes countries incur huge investment and makes the supply of electricity to disadvantaged areas even costlier. The supply costs can be reduced by invoking meticulously to coordinated combined planning and regional integration. New Partnership for Africa's Development (NEPAD) advocates a development paradigm based on the principles of interdependence, cooperation, and regional integration. However, the absence of infrastructure and institutions and harmonized policies obstruct the integration of electricity supply systems. Creating regional electricity markets is a way to reduce risks and transaction costs and to lure investors to develop much needed electricity generation and transmission facilities for increasing electricity access in rural areas. This paper extends the themes of regional integration to establishing the regional electricity markets/power pools. It considers the intra-regional and inter-regional electricity trade in Africa. It also considers Africa's inter-continental trade that is its trade with Europe and Asia. This paper examines technical constraints, proposes solutions

  1. TERMS OF TRADE EVOLUTION, CAUSES AND EFFECTS: CASE STUDY ROMANIA

    Directory of Open Access Journals (Sweden)

    Negrea Adrian

    2014-12-01

    Full Text Available Terms of trade are meant to show the ratio by which a country is different in the level and dynamics of revenues from the exchange made by different categories of products on the external markets. The level of recorded revenues from the commercialization of products and services varies from country to country, and there is rarely a mutually beneficial exchange situation from these operations. Trade efficiency analysis lies in the determination of the terms of trade. In the current paper, international developments are analyzed based on net terms of trade index used by UNCTAD. Statistical data are provided by the World Bank, where export and import price index and the volume of imports and exports by countries were considered. The classification of the countries has been done according to the geographical orientation and based on the purchasing power parity, thus creating two tables, the first table highlighting seven regions, and the second table with seven categories of states including OPEC and non-OPEC members. The terms of trade evolution are influenced by certain important factors in the production process of goods and services. Some of these factors are mentioned: labour productivity; changes in commodity prices; yet, only the last factor is examined in this paper. Based on World Bank commodity price data, the evolution of major energy inputs such as crude oil, gas, coal, and major industrial raw materials such as aluminium, copper, lead, nickel, tin, zinc, silver, gold, platinum and iron was analysed and interpreted. For Romania, the data on terms of trade evolution shows a dramatic situation. If terms of trade development presented a cyclical evolution, the economy as a whole would send an optimistic message. In contrast, the data presented in the following paper will show that our country has registered continuous depreciation of the terms of trade ratio, with a direct impact on external trade balance deficits, a rising external debt

  2. Short and long run macroeconomic effects of trade policy in the presence of debt servicing

    NARCIS (Netherlands)

    S.M. Murshed (Syed)

    2010-01-01

    textabstractThe purpose of this paper is to analyze the macroeconomic effects of trade policy, when the instrument is a voluntary export restraint (VER), on both the home (imposing) country and the foreign (targeted) country. The innovation in the paper is the analysis of trade policy when debt

  3. Short and long run macroeconomic effects of trade policy in the presence of debt servicing

    NARCIS (Netherlands)

    S.M. Murshed (Syed)

    2010-01-01

    textabstractABSTRACT: The purpose of this paper is to analyze the macroeconomic effects of trade policy, when the instrument is a voluntary export restraint (VER), on both the home (imposing) country and the foreign (targeted) country. The innovation in the paper is the analysis of trade policy when

  4. What is the appropriate counterfactual when estimating effects of multilateral trade policy reform?

    DEFF Research Database (Denmark)

    Anderson, Kym; Jensen, Hans Grinsted; Nelgen, Signe

    2016-01-01

    the counterfactual price distortions in 2030 are shown to be much larger in the case where agricultural protection grows endogenously than in the case assuming no policy changes over the projection period. This suggests the traditional way of estimating effects of a multilateral agricultural trade agreement may...... of the DDA’s possible effects thus requires first modelling the world economy to 2030 and, in that process, projecting what trade-related policies might be by then without a DDA. Typically, modelers assume the counterfactual policy regime to be a ‘business-as-usual’ projection assuming the status quo. Yet we...... by projecting the world economy to 2030 using the Global Trade Analysis Project (GTAP) model with those two alternative policy regimes and then simulating a move to global free trade (the maximum benefit from a multilateral trade reform) in each of those two cases. The welfare effects of removing...

  5. Electromagnetic duality and the electric memory effect

    Science.gov (United States)

    Hamada, Yuta; Seo, Min-Seok; Shiu, Gary

    2018-02-01

    We study large gauge transformations for soft photons in quantum electrodynamics which, together with the helicity operator, form an ISO(2) algebra. We show that the two non-compact generators of the ISO(2) algebra correspond respectively to the residual gauge symmetry and its electromagnetic dual gauge symmetry that emerge at null infinity. The former is helicity universal (electric in nature) while the latter is helicity distinguishing (magnetic in nature). Thus, the conventional large gauge transformation is electric in nature, and is naturally associated with a scalar potential. We suggest that the electric Aharonov-Bohm effect is a direct measure for the electromagnetic memory arising from large gauge transformations.

  6. Welfare effects of mergers and multilateral trade liberalization

    NARCIS (Netherlands)

    Ray Chaudhuri, A.; Benchekroun, H.

    2012-01-01

    In a two-country model where firms behave à la Cournot, we show that trade liberalization increases (decreases) the social desirability of those mergers that generate sufficiently large (small) reductions in marginal cost. There exists a range of intermediate levels of marginal cost savings such

  7. Transverse acousto-electric effect in superconductors

    Czech Academy of Sciences Publication Activity Database

    Lipavský, P.; Koláček, Jan; Lin, P.-J.

    2016-01-01

    Roč. 525, Jun (2016), 10-17 ISSN 0921-4534 R&D Projects: GA MŠk(CZ) LD14060 Institutional support: RVO:68378271 Keywords : superconductivity * acousto-electric effect * Abrikosov vortex * Tolman–Stewart effect Subject RIV: BM - Solid Matter Physics ; Magnetism Impact factor: 1.404, year: 2016

  8. Regional Trade Agreement and Agricultural Trade in East African ...

    African Journals Online (AJOL)

    Intra-EAC trade is very low, that is, at 9 per cent of the total regional trade, but it is on upward trend. Agricultural trade accounts for over 40 per cent of the intra-EAC trade. This study investigated the effect of EAC regional trade agreement on the regions agricultural trade by analyzing the degree of trade creation and ...

  9. Trading Agents

    CERN Document Server

    Wellman, Michael

    2011-01-01

    Automated trading in electronic markets is one of the most common and consequential applications of autonomous software agents. Design of effective trading strategies requires thorough understanding of how market mechanisms operate, and appreciation of strategic issues that commonly manifest in trading scenarios. Drawing on research in auction theory and artificial intelligence, this book presents core principles of strategic reasoning that apply to market situations. The author illustrates trading strategy choices through examples of concrete market environments, such as eBay, as well as abst

  10. Impact of CO2 trade on electricity producers depending on the use of different energy sources in Estonia. CO2 kaubanduse mõju elektritootjatele erinevate energiaallikate kasutamisel Eesti tingimustes

    Directory of Open Access Journals (Sweden)

    Jüri Kleesmaa

    2013-01-01

    Full Text Available The aim of this paper is to identify the main circumstances related to the Estonian energy sector and economy and the facts which are important for development of the research conducted by the author and for clarification of the main viewpoints. The paper provides the principal facts on the first (2005-2007 and second (2008-2012 period of CO2 (carbon dioxide trade in Estonia; describes electricity production in Estonia on the basis of the electricity development plan effective in the reference year 2007 and proceeding from that – calculations of CO2 emissions by kind of fuel used. The paper will touch upon the main legislative provisions concerning renewable energy support, which essentially influence the development of renewable energy generation and indirectly the CO2 trade. Analogously with the reference year 2007 methods of calculation, CO2 emissions have been calculated for 2020. The electricity production prognosis for the year 2020 is based on the interpretation of the electricity sector development plan. Computation according to the CO2 calculation methodology shows that the CO2 emission amount will be ca 5.7 Mt (million tonnes in 2020. In 2020 compared to 2007, the domestic consumption of electricity is estimated to grow: in 2007 the domestic consumption of electricity was ca 8200 GWh, in 2020 it is estimated to be ca 10480 GWh, i.e. the growth is ca 22%. Decrease in the emission amount of CO2 will be gained due to the expected use of different energy sources, compared to those used in 2007, in the designed power plants based on renewable energy sources or gas. The share of oil shale-based energy production will decrease from 83% to 44% resulting in a further reduction of CO2 emissions from 12 Mt to 4 Mt. In view of the fact that, during consumption, the CO2 emissions comprise nearly 60% of the gross consumption of electricity production, the research reveals that raising consumer awareness of the use of various energy saving

  11. Effects of Trade Openness, Investment and Population on the Economic Growth: A Case Study of Syria

    Directory of Open Access Journals (Sweden)

    Adel Shakeeb Mohsen

    2015-06-01

    Full Text Available This study attempts to investigate the role of trade openness, investment and population in the Syrian economy over the period 1980-2010. The cointegration test indicates that GDP is positively and significantly related to the trade openness, investment and population. The Granger causality test indicates bidirectional short-run causality relationships between trade openness, investment, population and GDP. There are also bidirectional long-run causality relationships between investment, population and GDP, and unidirectional long-run causality relationship running from trade openness to GDP. The study result indicates that population has the biggest effect on the GDP, thus we suggest improving the quality of the human capital in the country, as well as improving the investment and opening up the Syrian economy to foreign trade.

  12. Long-run Effects of the Korea-China Free-Trade Agreement

    Directory of Open Access Journals (Sweden)

    Sunghyun Kim

    2015-06-01

    Full Text Available This paper uses a 53-country 15-industry computable general equilibrium model of trade to analyze the effects of the Korea-China free trade agreement on the Korean economy, the manufacturing sector in particular. The model is based on Yaylaci and Shikher (2014 which uses the Eaton-Kortum methodology to explain intra-industry trade. The model predicts that the Korea-China FTA will increase Korea-China manufacturing trade by 56%, manufacturing employment in Korea by 5.7% and China by 0.55%. The model also predicts significant reallocation of employment across industries with the Food industry in Korea losing jobs and other industries there gaining jobs, with the Medical equipment industry gaining the most. There will be some trade diversion from the ASEAN countries, as well as Japan and the United States.

  13. Liquidity Effects on the Simultaneity of Trading Volume and Order Imbalance

    Directory of Open Access Journals (Sweden)

    Erman Denny Arfianto

    2016-10-01

    Full Text Available The purpose of this research is to analyze the simultaneity between trading volume and order imbalance, the influence of past performance, market risk, market capitalization, tick size to the trading volume and the influence of tick size, depth and bid-ask spread to the order imbalance of companies that were listed on LQ 45 index. The samples in this research were selected by using the purposive sampling method with some selected criteria. Fifty-five companies listed on 2014’s LQ 45 index were chosen as the sample. The results showed that the trading volume is simultaneously related to the order imbalance; past performance, market risk, and market capitalization have the positive and significant effect to the trading volume; tick size has the negative and significant effect to the trading volume; the order imbalance has the negative and insignificant effect to the trading volume; tick size, depth, bid-ask spread, and trading volume have no significant effect to the order imbalance.

  14. Carbon savings with transatlantic trade in pellets: accounting for market-driven effects

    International Nuclear Information System (INIS)

    Wang, Weiwei; Khanna, Madhu; Dwivedi, Puneet; Abt, Robert

    2015-01-01

    Exports of pellets from the United States (US) are growing significantly to meet the demand for renewable energy in the European Union. This transatlantic trade in pellets has raised questions about the greenhouse gas (GHG) intensity of these pellets and their effects on conventional forest product markets in the US. This paper examines the GHG intensity of pellets exported from the US using either forest biomass only or forest and agricultural biomass combined. We develop an integrated dynamic, price-endogenous, partial equilibrium model of the forestry, agricultural, and transportation sectors in the US to investigate not only the direct life-cycle GHG intensity of pellets but also the accompanying indirect market and land use effects induced by changes in prices of forest and agricultural products over the 2007–2032 period. Across different scenarios of high and low pellet demand that can be met with either forest biomass only or with forest and agricultural biomass, we find that the GHG intensity of pellet based electricity is 74% to 85% lower than that of coal-based electricity. We also find that the GHG intensity of pellets produced using agricultural and forest biomass is 28% to 34% lower than that of pellets produced using forest biomass only. GHG effects due to induced direct and indirect changes in forest carbon stock caused by changes in harvest rotations, changes in land use and in conventional wood production account for 11% to 26% of the overall GHG intensity of pellets produced from forest biomass only; these effects are negative with the use of forest and agricultural biomass. (letter)

  15. Country-Level Life Cycle Assessment of Greenhouse Gas Emissions from Liquefied Natural Gas Trade for Electricity Generation.

    Science.gov (United States)

    Kasumu, Adebola S; Li, Vivian; Coleman, James W; Liendo, Jeanne; Jordaan, Sarah M

    2018-02-20

    In the determination of the net impact of liquefied natural gas (LNG) on greenhouse gas emissions, life cycle assessments (LCA) of electricity generation have yet to combine the effects of transport distances between exporting and importing countries, country-level infrastructure in importing countries, and the fuel sources displaced in importing countries. To address this, we conduct a LCA of electricity generated from LNG export from British Columbia, Canada with a three-step approach: (1) a review of viable electricity generation markets for LNG, (2) the development of results for greenhouse gas emissions that account for transport to importing nations as well as the infrastructure required for power generation and delivery, and (3) emissions displacement scenarios to test assumptions about what electricity is being displaced in the importing nation. Results show that while the ultimate magnitude of the greenhouse gas emissions associated with natural gas production systems is still unknown, life cycle greenhouse gas emissions depend on country-level infrastructure (specifically, the efficiency of the generation fleet, transmission and distribution losses and LNG ocean transport distances) as well as the assumptions on what is displaced in the domestic electricity generation mix. Exogenous events such as the Fukushima nuclear disaster have unanticipated effects on the emissions displacement results. We highlight national regulations, environmental policies, and multilateral agreements that could play a role in mitigating emissions.

  16. Portfolio optimization using Mixture Design of Experiments. Scheduling trades within electricity markets

    Energy Technology Data Exchange (ETDEWEB)

    Oliveira, Francisco Alexandre de; Paiva, Anderson Paulo de; Lima, Jose Wanderley Marangon; Balestrassi, Pedro Paulo; Mendes, Rona Rinston Amaury [Federal Univ. of Itajuba, Minas Gerais (Brazil)

    2011-01-15

    Deregulation of the electricity sector has given rise to several approaches to defining optimal portfolios of energy contracts. Financial tools - requiring substantial adjustments - are usually used to determine risk and return. This article presents a novel approach to adjusting the conditional value at risk (CVaR) metric to the mix of contracts on the energy markets; the approach uses Mixture Design of Experiments (MDE). In this kind of experimental strategy, the design factors are treated as proportions in a mixture system considered quite adequate for treating portfolios in general. Instead of using traditional linear programming, the concept of desirability function is here used to combine the multi-response, nonlinear objective functions for mean with the variance of a specific portfolio obtained through MDE. The maximization of the desirability function is implied in the portfolio optimization, generating an efficient recruitment frontier. This approach offers three main contributions: it includes risk aversion in the optimization routine, it assesses interaction between contracts, and it lessens the computational effort required to solve the constrained nonlinear optimization problem. A case study based on the Brazilian energy market is used to illustrate the proposal. The numerical results verify the proposal's adequacy. (author)

  17. Proceedings of the EV2010 electric vehicles conference and trade show

    Energy Technology Data Exchange (ETDEWEB)

    Elwood, M. [Electric Mobility Canada, Mississauga, ON (Canada); Dubois-Phillips, M. [BC Hydro, Vancouver, BC (Canada)] (comps.)

    2010-07-01

    This conference provided a forum to address the challenges facing the adoption of electric vehicles (EV) in Canada. Topics of discussions ranged from the Canadian public's levels of awareness of EVs, motivators to adoption of EVs and barriers to broader acceptance and market diffusion of EVs. Five sessions related to vehicle technologies focused on vehicles and their components, energy storage, power management, testing and operating conditions. Three sessions on infrastructure and other readiness measures, focused on grid capacity and impacts, charging infrastructure and the vehicle/grid interface. Four sessions on public policies and institutional changes focused on how EVs are a critical pathway to address peak oil and greenhouse gases, and that public policy is needed to support adoption of the technology. Four sessions on commercialization and environmental impacts focused on market forecasts, the need for EVs and on business models used by EV manufacturers to promote the technology and explain the environmental benefits. The conference featured 65 presentations, of which 20 have been catalogued separately for inclusion in this database. refs., tabs., figs.

  18. Portfolio optimization using Mixture Design of Experiments. Scheduling trades within electricity markets

    International Nuclear Information System (INIS)

    Oliveira, Francisco Alexandre de; Paiva, Anderson Paulo de; Lima, Jose Wanderley Marangon; Balestrassi, Pedro Paulo; Mendes, Rona Rinston Amaury

    2011-01-01

    Deregulation of the electricity sector has given rise to several approaches to defining optimal portfolios of energy contracts. Financial tools - requiring substantial adjustments - are usually used to determine risk and return. This article presents a novel approach to adjusting the conditional value at risk (CVaR) metric to the mix of contracts on the energy markets; the approach uses Mixture Design of Experiments (MDE). In this kind of experimental strategy, the design factors are treated as proportions in a mixture system considered quite adequate for treating portfolios in general. Instead of using traditional linear programming, the concept of desirability function is here used to combine the multi-response, nonlinear objective functions for mean with the variance of a specific portfolio obtained through MDE. The maximization of the desirability function is implied in the portfolio optimization, generating an efficient recruitment frontier. This approach offers three main contributions: it includes risk aversion in the optimization routine, it assesses interaction between contracts, and it lessens the computational effort required to solve the constrained nonlinear optimization problem. A case study based on the Brazilian energy market is used to illustrate the proposal. The numerical results verify the proposal's adequacy. (author)

  19. Electricity

    CERN Document Server

    Basford, Leslie

    2013-01-01

    Electricity Made Simple covers the fundamental principles underlying every aspect of electricity. The book discusses current; resistance including its measurement, Kirchhoff's laws, and resistors; electroheat, electromagnetics and electrochemistry; and the motor and generator effects of electromagnetic forces. The text also describes alternating current, circuits and inductors, alternating current circuits, and a.c. generators and motors. Other methods of generating electromagnetic forces are also considered. The book is useful for electrical engineering students.

  20. Emissions Trading

    NARCIS (Netherlands)

    Woerdman, Edwin; Backhaus, Juergen

    2014-01-01

    Emissions trading is a market-based instrument to achieve environmental targets in a cost-effective way by allowing legal entities to buy and sell emission rights. The current international dissemination and intended linking of emissions trading schemes underlines the growing relevance of this

  1. Environmental effects of the electric power generation

    International Nuclear Information System (INIS)

    Velez Ocon, C.

    1991-01-01

    Every manner to generate electricity has effects on environment and on the way of life of human society. Nevertheless electricity is a way of secondary energy handy and clean and is also frequently the more efficient, and for its reason its use is growing in countries with a rate superior to the increase in national gross product. This is particularly remarkable in Mexico where still exist population sectors without electricity services and where the demand per capita is left behind with respect to other economic indicators. In the last years, preoccupation for environmental effects in human activities, especially that related with the production and use of energy, has been increasing. 'Acid rain', air and water pollution, destruction of stratospheric ozone layer, global heating, radioactive wastes storage, land use, destruction of tropical forest, inundation of archaeological ruins, extintion of animal and vegetable species, are examples of problems daily expound to society (Author)

  2. Emergence of trend trading and its effects in minority game

    Science.gov (United States)

    Liu, Xing-Hua; Liang, Xiao-Bei; Wang, Nai-Jing

    2006-09-01

    In this paper, we extended Minority Game (MG) by equipping agents with both value and trend strategies. In the new model, agents (we call them strong-adaptation agents) can autonomically select to act as trend trader or value trader when they game and learn in system. So the new model not only can reproduce stylized factors but also has the potential to investigate into the process of some problems of securities market. We investigated the dynamics of trend trading and its impacts on securities market based on the new model. Our research found that trend trading is inevitable when strong-adaptation agents make decisions by inductive reasoning. Trend trading (of strong-adaptation agents) is not irrational behavior but shows agent's strong-adaptation intelligence, because strong-adaptation agents can take advantage of the pure value agents when they game together in hybrid system. We also found that strong-adaptation agents do better in real environment. The results of our research are different with those of behavior finance researches.

  3. Globalization's effects on world agricultural trade, 1960–2050

    Science.gov (United States)

    Anderson, Kym

    2010-01-01

    Recent globalization has been characterized by a decline in the costs of cross-border trade in farm and other products. It has been driven primarily by the information and communication technology revolution and—in the case of farm products—by reductions in governmental distortions to agricultural production, consumption and trade. Both have boosted economic growth and reduced poverty globally, especially in Asia. The first but maybe not the second of these drivers will continue in coming decades. World food prices will depend also on whether (and if so by how much) farm productivity growth continues to outpace demand growth and to what extent diets in emerging economies move towards livestock and horticultural products at the expense of staples. Demand in turn will be driven not only by population and income growth, but also by crude oil prices if they remain at current historically high levels, since that will affect biofuel demand. Climate change mitigation policies and adaptation, water market developments and market access standards particularly for transgenic foods will add to future production, price and trade uncertainties. PMID:20713399

  4. Economic, environmental and international trade effects of the EU Directive on energy tax harmonization

    International Nuclear Information System (INIS)

    Kohlhaas, Michael; Schumacher, Katja; Diekmann, Jochen; Schumacher, Dieter; Carmes, Martin

    2005-01-01

    In October 2003, the European Union introduced a Directive, which widens the scope of the EU's minimum taxation system from mineral oils to all energy products including coal, natural gas and electricity. It aims at reducing distortions that currently exist between Member States as well as between energy products. In addition, it increases previous minimum tax rates and thus the incentive to use energy more efficiently. The Directive will lead to changes in the energy tax schemes in a number of countries, in particular some southern Member Countries (Greece, Spain, Portugal) and most of the new Member States. In this paper, we analyze the effects of the EU energy tax harmonization with GTAP-E, a computable general equilibrium model. Particular focus is placed on the Eastern European countries, which became new members of the EU in May 2004. We investigate the effects of the tax harmonization on overall economic growth and sectoral development. Special attention is paid to international trade in order to analyze if competitiveness concerns, which have been forwarded in the context of energy taxation are valid. Furthermore, the effect on energy consumption and emissions and thus the contribution to the EU's climate change targets is analyzed

  5. Electricity and combined heat and power from municipal solid waste; theoretically optimal investment decision time and emissions trading implications.

    Science.gov (United States)

    Tolis, Athanasios; Rentizelas, Athanasios; Aravossis, Konstantin; Tatsiopoulos, Ilias

    2010-11-01

    Waste management has become a great social concern for modern societies. Landfill emissions have been identified among the major contributors of global warming and climate changes with significant impact in national economies. The energy industry constitutes an additional greenhouse gas emitter, while at the same time it is characterized by significant costs and uncertain fuel prices. The above implications have triggered different policies and measures worldwide to address the management of municipal solid wastes on the one hand and the impacts from energy production on the other. Emerging methods of energy recovery from waste may address both concerns simultaneously. In this work a comparative study of co-generation investments based on municipal solid waste is presented, focusing on the evolution of their economical performance over time. A real-options algorithm has been adopted investigating different options of energy recovery from waste: incineration, gasification and landfill biogas exploitation. The financial contributors are identified and the impact of greenhouse gas trading is analysed in terms of financial yields, considering landfilling as the baseline scenario. The results indicate an advantage of combined heat and power over solely electricity production. Gasification, has failed in some European installations. Incineration on the other hand, proves to be more attractive than the competing alternatives, mainly due to its higher power production efficiency, lower investment costs and lower emission rates. Although these characteristics may not drastically change over time, either immediate or irreversible investment decisions might be reconsidered under the current selling prices of heat, power and CO(2) allowances.

  6. Embedded resource accounting for coupled natural-human systems: An application to water resource impacts of the western U.S. electrical energy trade

    Science.gov (United States)

    Ruddell, Benjamin L.; Adams, Elizabeth A.; Rushforth, Richard; Tidwell, Vincent C.

    2014-10-01

    In complex coupled natural-human systems (CNH), multitype networks link social, environmental, and economic systems with flows of matter, energy, information, and value. Embedded Resource Accounting (ERA) is a systems analysis framework that includes the indirect connections of a multitype CNH network. ERA is conditioned on perceived system boundaries, which may vary according to the accountant's point of view. Both direct and indirect impacts are implicit whenever two subnetworks interact in such a system; the ratio of two subnetworks' impacts is the embedded intensity. For trade in the services of water, this is understood as the indirect component of a water footprint, and as "virtual water" trade. ERA is a generalization of input-output, footprint, and substance flow methods, and is a type of life cycle analysis. This paper presents results for the water and electrical energy system in the western U.S. This system is dominated by California, which outsources the majority of its water footprint of electrical energy. Electricity trade increases total water consumption for electricity production in the western U.S. by 15% and shifts water use to water-stressed Colorado River Basin States. A systemic underaccounting for water footprints occurs because state-level processes discount a portion of the water footprint occurring outside of the state boundary.

  7. Estimating Trade Effects of the Competitive Devaluation Policy in East Asia’s Countries

    Directory of Open Access Journals (Sweden)

    Yana Valeryevna Dyomina

    2013-03-01

    Full Text Available The paper examines the competitive devaluation policy effects on the East Asia’s trade for the period of 2000–2011. The author obtained quantitative estimation of the currency policy trade effects with the help of panel data regression analysis (using export and import data of the following countries: China, Japan, Indonesia, Malaysia, Vietnam, Thailand, the Philippines and the Republic of Korea. The article includes investigation of the following foreign trade flows: total, intra-regional and out- of-regional exports and imports of merchandise. The study reflects the fact that the competitive devaluation policy of ASEAN+3 countries negatively affects the out-of-regional exports and imports, as well as the total imports. Simultaneously such exchange rate policy measures have no effect on intra-regional trade

  8. Electric vehicle charging in China’s power system: Energy, economic and environmental trade-offs and policy implications

    International Nuclear Information System (INIS)

    Li, Ying; Davis, Chris; Lukszo, Zofia; Weijnen, Margot

    2016-01-01

    generation; and (3) reducing generation costs and EV charging costs. Hence, in light of this trade-off of controlled charging with the goals of energy security, economic efficiency and reducing environmental impacts, policy interventions in the Chinese power system should opt for controlled charging strategies in order to best realize the benefits of EVs. Accordingly, this paper proposes that increasing the use of cleaner forms of electricity generation, such as RES power and gas power, and establishing energy efficiency and CO_2 emission regulations in power dispatch are critical for China. Lastly, this work illustrates what the optimized charging profiles from the power system perspective look like for different regions. These results can inform Chinese policy makers in creating a better integration of the transportation and the power system.

  9. POTENTIAL TRADE EFFECTS OF TARIFF LIBERALIZATION UNDER THE TRANSATLANTIC TRADE AND INVESTMENT PARTNERSHIP (TTIP FOR THE EU AGRI-FOOD SECTOR

    Directory of Open Access Journals (Sweden)

    Agnieszka Poczta-Wajda

    2017-06-01

    Full Text Available  The aim of this article is to determine the potential trade effects of Transatlantic Trade and Investment Partnership (TTIP for the EU agri-food sector. The ex post analysis covered the characteristics of agri-food trade between the EU and the US in the years 2004–2014 on the basis of statistical data from the database of the World Bank WITS. The ex ante evaluation was carried out using SMART – a partial equilibrium model. The results of the study indicate that although bilateral agri-food trade relations of the EU–US have relatively little importance, but it is significant at the individual industries level. TTIP agreement, which includes the reduction of tariff barriers to agri-food trade between the EU and the US, will contribute to boosting bilateral agri-food trade to a greater extent for the US. The creation of a free trade produces mostly creation effect, whereby it will be asymmetric – concentrated in a few product groups.

  10. Trade agreements with side-effects? : European Union and United States to negotiate Transatlantic Trade and Investment Partnership

    OpenAIRE

    Mildner, Stormy-Annika; Schmucker, Claudia

    2013-01-01

    "At the G8 summit in Northern Ireland on June 17, the European Union and the United States kicked off the negotiations for a comprehensive Transatlantic Trade and Investment Partnership (TTIP) to reduce tariffs and non-tariff trade barriers. While the expected economic benefits for both sides would be more than welcome in an era of gloomy growth forecasts, a TTIP is not entirely without risks for global trade and the multilateral trading system. The talks could tie up a considerable portion o...

  11. Terms of trade effects on PPP and incomes of primary-commodity exporting countries

    OpenAIRE

    Koya, Sharmistha N.

    1994-01-01

    This dissertation investigates the commodity currency argument of primary and secondary effects of the terms of trade on exchange rates and real income, respectively. The Johansen procedure of cointegration testing is applied to dynamic models for a set of four developed countries (New Zealand, Australia, Norway and Iceland) and five less developed countries (Colombia, India, Malaysia, Thailand and Venezuela) each against it's major trading partner and the United States. The ...

  12. The U.S.-Singapore Free Trade Agreement: Effects After Five Years

    Science.gov (United States)

    2010-03-26

    U.S. service providers in Singapore under the FTA , Citibank has been able to expand its operations there (it has 50% of the credit card market...failing to comply with a collection of information if it does not display a currently valid OMB control number. 1. REPORT DATE 26 MAR 2010 2. REPORT...U.S.-Singapore Free Trade Agreement: Effects After Five Years Congressional Research Service Summary The U.S.-Singapore Free Trade Agreement ( FTA

  13. From 'precarious informal employment' to 'protected employment': The 'positive transitioning effect' of trade unions

    OpenAIRE

    Serrano, Melisa R.; Xhafa, Edlira

    2016-01-01

    This paper aims at contributing to the discussions on the challenge of transitioning from precarious informal employment to more protected employment. This paper looks into a rather under-researched area - the role of trade unions in facilitating this process of 'transitioning' as well as in containing the spread of this type of employment. We refer to this process, along with its outcomes, as the 'positive transitioning effect' of trade unions. Through 10 case studies from nine countries (Br...

  14. The Effect of RMB Exchange Rate Volatility on Import and Export Trade in China

    OpenAIRE

    Wanhui Jiang

    2014-01-01

    The exchange rate volatility always plays a key role in import and export trade. This paper investigates the effect of nominal RMB exchange rate volatility on economic growth in China from 1981 to 2012. Through the ADF stationary test, the co-integration test, and the associated econometric model and the empirical analysis, the paper concludes that in the long run, exchange rate change has a positive impact on import and export trade. Therefore, it is necessary to take relevant policies and m...

  15. The economic effects of a Spanish trade boycott against Catalan products

    OpenAIRE

    Xavier Cuadras Morató; Modest Guinjoan

    2011-01-01

    We study the potential consequences of a hypothetical trade boycott against Catalan products organized by some sectors of the Spanish society mainly for political reasons. A symmetric trade boycott would have two effects: a reduction of Catalan exports to Spain and a partial process of import substitution in Catalonia. In order to quantify the economic impact of the boycott, we compare the "actual" Catalan economy, as described in the input-output table for 2005, with a "simulated" Catalan ec...

  16. Electric Field Effects in RUS Measurements

    Energy Technology Data Exchange (ETDEWEB)

    Darling, Timothy W [Los Alamos National Laboratory; Ten Cate, James A [Los Alamos National Laboratory; Allured, Bradley [UNIV NEVADA, RENO; Carpenter, Michael A [CAMBRIDGE UNIV. UK

    2009-09-21

    Much of the power of the Resonant Ultrasound Spectroscopy (RUS) technique is the ability to make mechanical resonance measurements while the environment of the sample is changed. Temperature and magnetic field are important examples. Due to the common use of piezoelectric transducers near the sample, applied electric fields introduce complications, but many materials have technologically interesting responses to applied static and RF electric fields. Non-contact optical, buffered, or shielded transducers permit the application of charge and externally applied electric fields while making RUS measurements. For conducting samples, in vacuum, charging produces a small negative pressure in the volume of the material - a state rarely explored. At very high charges we influence the electron density near the surface so the propagation of surface waves and their resonances may give us a handle on the relationship of electron density to bond strength and elasticity. Our preliminary results indicate a charge sign dependent effect, but we are studying a number of possible other effects induced by charging. In dielectric materials, external electric fields influence the strain response, particularly in ferroelectrics. Experiments to study this connection at phase transformations are planned. The fact that many geological samples contain single crystal quartz suggests a possible use of the piezoelectric response to drive vibrations using applied RF fields. In polycrystals, averaging of strains in randomly oriented crystals implies using the 'statistical residual' strain as the drive. The ability to excite vibrations in quartzite polycrystals and arenites is explored. We present results of experimental and theoretical approaches to electric field effects using RUS methods.

  17. Analyzing electric utility NO{sub x} emission allowance trading strategies

    Energy Technology Data Exchange (ETDEWEB)

    Selker, F.

    2005-04-01

    This article presented a computer model designed to help power producers negotiate the nitrous oxide (NO{sub x}) emission allowance (EA) market. Created in 1999, the EA market poses a serious constraint to utilities and has the potential to substantially increase total power productions costs and to force plant shutdowns if emissions exceed limits. The market was created in response to the 1990 Clean Air Act Amendments, with the goal of effectively reducing the cost of summer ozone levels. Over 450 sources in the Northeast regions receive an allocation of NO{sub x} allowances to cover their NO{sub x} emissions during the May to September period. Various uncertainties created by the market were examined, including late summer heat waves and nuclear outages, both of which could boost emissions during times when offsets are difficult to initiate. Weather, planning and plant outages were also discussed. Supply shortages were considered along with issues concerning the model's ability to assess options and uncertainties. The feasibility of the emissions allowance acting as a viable buffer was also evaluated. It was noted that the net cost of buying and selling allowances during the NO{sub x} season varied with inventory levels. A hypothetical analysis of a NO{sub x} inventory was presented. It was suggested that purchasing options to buy allowances offered another hedge against NO{sub x} EA shortages and noncompliance. It was concluded that the model allowed users to explore the cost and risk tradeoffs of various combinations. 5 figs.

  18. THE EFFECT OF PREFERENTIAL TRADE AREAS (PTAs IN THE PERSPECTIVE OF REGIONALISM: THE CASE OF ASEAN

    Directory of Open Access Journals (Sweden)

    Abdurrahman Al-Faqiih

    2016-03-01

    Full Text Available The issue of regionalism particularly in the matter of preferential trade area is not an old fashion debate, but it becomes a prominent feature and a popular tool for global trading system. However, it does not mean that the regionalism might always bring benefit for any actor especially in terms of every national interest in the region. This paper would elaborate the effect of preferential trade area (PTAs establishment on the economic interest of ASEAN countries member. Through literature study, this paper concludes that the PTAs produce many positive benefits for the ASEAN countries member. The flexibility of partnerships and coverage selection under PTAs has helped ASEAN solve the crisis and increase efficiency as well as stimulate the main goal of global fair trade by expanding economic linkages. Thus, it could be said that PTAs enhance the multilateralism under the WTO system

  19. Introducing nonpoint source transferable quotas in nitrogen trading: The effects of transaction costs and uncertainty.

    Science.gov (United States)

    Zhou, Xiuru; Ye, Weili; Zhang, Bing

    2016-03-01

    Transaction costs and uncertainty are considered to be significant obstacles in the emissions trading market, especially for including nonpoint source in water quality trading. This study develops a nonlinear programming model to simulate how uncertainty and transaction costs affect the performance of point/nonpoint source (PS/NPS) water quality trading in the Lake Tai watershed, China. The results demonstrate that PS/NPS water quality trading is a highly cost-effective instrument for emissions abatement in the Lake Tai watershed, which can save 89.33% on pollution abatement costs compared to trading only between nonpoint sources. However, uncertainty can significantly reduce the cost-effectiveness by reducing trading volume. In addition, transaction costs from bargaining and decision making raise total pollution abatement costs directly and cause the offset system to deviate from the optimal state. While proper investment in monitoring and measuring of nonpoint emissions can decrease uncertainty and save on the total abatement costs. Finally, we show that the dispersed ownership of China's farmland will bring high uncertainty and transaction costs into the PS/NPS offset system, even if the pollution abatement cost is lower than for point sources. Copyright © 2015 Elsevier Ltd. All rights reserved.

  20. MEASURING THE INFLUENCE OF THE J-CURVE EFFECT ON TRADE IN ROMANIAN FOREST PRODUCTS

    Directory of Open Access Journals (Sweden)

    Gabriela TUTUEANU

    2015-08-01

    Full Text Available This paper examines the dynamic effect of the Romanian exchange rate  indices on bilateral trade of Romanian forest products namely fibreboard, particle   board and pulp for paper. Special attention is given to investigate the J-curve hypothesis: whether the trade  balance  for   Romanian   forest   products benefits   from a decline in the  value  of  Romanian Leu (RON. We adopted the autoregressive distributed lag (ARDL approach   to cointegration to estimate the annual bilateral trade data of Romanian forest products  from  1991 to  2013 with various  countries  in the  world. We found  no evidence  of the J-curve  phenomenon for  the  trade in Romanian forest products. The  long-run   analysis   showed the exchange rate  to  be insignificant  in  influencing   the  trade   balance  of  Romanian forest products. This  implies  that  there  are  no changes  in the  trade   balance  for fibreboard, particle board and pulp for paper trade, regardless of whether the Romanian   exchange rate depreciates or appreciates. However, income variables were found to be important factors in determining Romanian trade, only in pulp for paper products.

  1. The enlargement of the European Union. Effects on trade and emissions of greenhouse gases

    International Nuclear Information System (INIS)

    Zhu, Xueqin; Van Ierland, Ekko

    2006-01-01

    With the gradual accession of various Central and Eastern European Countries (CEECs) to the European Union (EU), international trade between the EU and the CEECs will change as a result of trade liberalisation and the mobility of production factors within the EU. The EU and most of the CEECs have already committed themselves to reduce by 2008-2012 their emissions of greenhouse gases (GHGs) by 8% compared to the 1990 level. This paper reports on an investigation of the potential consequences of the enlargement of the EU and of the emission reduction target set by the Kyoto Protocol on the sectoral production patterns and international trade. A comparative-static general equilibrium model was developed to examine the impacts under different scenarios. For illustrative purposes, two regions (the EU and the CEECs) and three categories of goods and services (agricultural goods, industrial goods, and services) were included. The model was calibrated by the 1998 data. The model was subsequently applied to study the effects of free trade, the mobility of factors and the environmental constraints on production and international trade in light of the enlargement of the EU. We show that in this specific context, free trade is beneficial to economic welfare and does not necessarily increase emissions of greenhouse gases. The mobility of factors also increases economic welfare, but in the case of fixed production technology it may harm the environment through more emissions of GHGs. (author)

  2. Culture impacts the magnitude of the emotion-induced memory trade-off effect.

    Science.gov (United States)

    Gutchess, Angela; Garner, Lauryn; Ligouri, Laura; Konuk, Ayse Isilay; Boduroglu, Aysecan

    2017-10-04

    The present study assessed the extent to which culture impacts the emotion-induced memory trade-off effect. This trade-off effect occurs because emotional items are better remembered than neutral ones, but this advantage comes at the expense of memory for backgrounds such that neutral backgrounds are remembered worse when they occurred with an emotional item than with a neutral one. Cultures differ in their prioritisation of focal object versus contextual background information, with Westerners focusing more on objects and Easterners focusing more on backgrounds. Americans, a Western culture, and Turks, an Eastern-influenced culture, incidentally encoded positive, negative, and neutral items placed against neutral backgrounds, and then completed a surprise memory test with the items and backgrounds tested separately. Results revealed a reduced trade-off for Turks compared to Americans. Although both groups exhibited an emotional enhancement in item memory, Turks did not show a decrement in memory for backgrounds that had been paired with emotional items. These findings complement prior ones showing reductions in trade-off effects as a result of task instructions. Here, we suggest that a contextual-focus at the level of culture can mitigate trade-off effects in emotional memory.

  3. Supply Chain Coordination under Trade Credit and Quantity Discount with Sales Effort Effects

    Directory of Open Access Journals (Sweden)

    Zhihong Wang

    2018-01-01

    Full Text Available The purpose of this paper is to investigate the role of trade credit and quantity discount in supply chain coordination when the sales effort effect on market demand is considered. In this paper, we consider a two-echelon supply chain consisting of a single retailer ordering a single product from a single manufacturer. Market demand is stochastic and is influenced by retailer sales effort. We formulate an analytical model based on a single trade credit and find that the single trade credit cannot achieve the perfect coordination of the supply chain. Then, we develop a hybrid quantitative analytical model for supply chain coordination by coherently integrating incentives of trade credit and quantity discount with sales effort effects. The results demonstrate that, providing that the discount rate satisfies certain conditions, the proposed hybrid model combining trade credit and quantity discount will be able to effectively coordinate the supply chain by motivating retailers to exert their sales effort and increase product order quantity. Furthermore, the hybrid quantitative analytical model can provide great flexibility in coordinating the supply chain to achieve an optimal situation through the adjustment of relevant parameters to resolve conflict of interests from different supply chain members. Numerical examples are provided to demonstrate the effectiveness of the hybrid model.

  4. The Water - Energy Nexus Of Hydropower. Are The Trade-Offs Between Electricity Generation And Water Supply Negligible?

    Science.gov (United States)

    Scherer, L.; Pfister, S.

    2015-12-01

    Hydropower ranks first among renewable sources of power production and provides globally about 16% of electricity. While it is praised for its low greenhouse gas emissions, it is accused of its large water consumption which surpasses that of all conventional and most renewable energy sources (except for bioenergy) by far. Previous studies mostly applied a gross evaporation approach where all the current evaporation from the plant's reservoir is allocated to hydropower. In contrast, we only considered net evaporation as the difference between current evaporation and actual evapotranspiration before the construction of the reservoir. In addition, we take into account local water stress, its monthly fluctuations and storage effects of the reservoir in order to assess the impacts on water availability for other users. We apply the method to a large dataset of almost 1500 globally distributed hydropower plants (HPPs), covering ~43% of global annual electricity generation, by combining reservoir information from the Global Reservoir and Dam (GRanD) database with information on electricity generation from the CARMA database. While we can confirm that the gross water consumption of hydropower is generally large (production-weighted average of 97 m3/GJ), other users are not necessarily deprived of water. In contrast, they also benefit in many cases from the reservoir because water is rather stored in the wet season and released in the dry season, thereby alleviating water stress. The production-weighted water scarcity footprint of the analyzed HPPs amounts to -41 m3 H2Oe/GJ. It has to be noted that the impacts among individual plants vary a lot. Larger HPPs generally consume less water per unit of electricity generated, but also the benefits related to alleviating water scarcity are lower. Overall, reservoirs promote both, energy and water security. Other environmental impacts such as flow alterations and social impacts should, however, also be considered, as they can be

  5. Examining the resilience of national energy systems: Measurements of diversity in production-based and consumption-based electricity in the globalization of trade networks

    International Nuclear Information System (INIS)

    Kharrazi, Ali; Sato, Masahiro; Yarime, Masaru; Nakayama, Hirofumi; Yu, Yadong; Kraines, Steven

    2015-01-01

    Energy is a critical component of achieving sustainable development. In addition to the three aspects of promoting access, renewables, and efficiency, the dimension of resilience in energy systems should also considered. The implementation of resilient energy systems requires a quantitative understanding of the socio-economic practices underlying such systems. Specifically, in line with the increasing globalization of trade, there remains a critical knowledge gap on the link between embodied energy in the production and consumption of traded goods. To bridge this knowledge gap, we investigate the resilience of global energy systems through an examination of a diversity measure of global embodied electricity trade based on multi-regional input-output (MRIO) networks. The significance of this research lies in its ability to utilize high resolution MRIO data sets in assessing the resilience of national energy systems. This research indicates that secure and responsible consumption requires the diversification of not only energy generation but also energy imports. This research will lay the ground for further research in the governance of resilience in global energy networks. - Highlights: • We examine the resilience of global embodied energy based on (MRIO) trade networks. • We propose a secure and responsible mode of thinking for national energy consumption. • Secure & responsible consumption requires diversity in energy generation and imports.

  6. The impact of power market structure on the pass-through of CO2 emissions trading costs to electricity prices. A theoretical approach

    International Nuclear Information System (INIS)

    Sijm, J.; Chen, Yihsu; Hobbs, B.F.

    2009-06-01

    This paper analyses the impact of power market structure on the pass-through rate (PTR) of CO2 emissions trading costs on electricity prices from a theoretical point of view, including graphical illustrations and mathematical proofs. Market structure refers in particular to the number of firms active in the market as well as to the shape of the power demand and supply curves. In addition, it analyses the impact of other power market related factors on the PTR of carbon costs to electricity prices, notably the impact of ET-induced changes in the merit order of power generation technologies or the impact of pursuing other market strategies besides maximising generators' profits, such as maximising market shares or sales revenues of power companies. It shows that each of these factors can have a significant impact on the rate of passing-through carbon costs to electricity prices

  7. The impact of power market structure on the pass-through of CO2 emissions trading costs to electricity prices. A theoretical approach

    Energy Technology Data Exchange (ETDEWEB)

    Sijm, J. [ECN Policy Studies, Petten (Netherlands); Chen, Yihsu [Merced School of Engineering, University of California, Merced, CA (United States); Hobbs, B.F. [Department of Geography and Environmental Engineering, Johns Hopkins University, Baltimore, Maryland (United States)

    2009-06-15

    This paper analyses the impact of power market structure on the pass-through rate (PTR) of CO2 emissions trading costs on electricity prices from a theoretical point of view, including graphical illustrations and mathematical proofs. Market structure refers in particular to the number of firms active in the market as well as to the shape of the power demand and supply curves. In addition, it analyses the impact of other power market related factors on the PTR of carbon costs to electricity prices, notably the impact of ET-induced changes in the merit order of power generation technologies or the impact of pursuing other market strategies besides maximising generators' profits, such as maximising market shares or sales revenues of power companies. It shows that each of these factors can have a significant impact on the rate of passing-through carbon costs to electricity prices.

  8. Effective business models for electric vehicles

    Directory of Open Access Journals (Sweden)

    Gavrilescu Ileana

    2017-07-01

    Full Text Available The proposed study aims to use asyncretic and synthetic approach of two elements that have an intrinsic efficiency value: business models and electric vehicles. Our approach seeks to circumscribe more widespread concerns globally - on the one hand, to oil shortages and climate change - and on the other hand, economic efficiency to business models customized to new types of mobility. New “electric” cars projects besiege the traditional position of the conventional car. In the current economy context the concept of efficiency of business models is quite different from what it meant in a traditional sense, particularly because of new technological fields. The arguments put forward by us will be both factual and emotional. Therefore, we rely on interviews and questionnaires designed to fit significantly to the point of the study. Research in the field of new propulsion systems for vehicles has been exploring various possibilities lately, such as: electricity, hydrogen, compressed air, biogas, etc. Theoretically or in principle, it is possible for tomorrow’s vehicles to be driven by the widest variety if resources. A primary goal of our study would be to theoretically reconsider some of the contemporary entrepreneurship coordinates and secondly to provide minimum guidance for decision-making of businesses that will operate in the field of electric mobility. To achieve this, we shall specifically analyze an electric mobility system but in parallel we will address business models that lend themselves effectively on aspects of this field. With a methodology based on questionnaires that had to overcome the conventional mechanism using some of the most unusual ingredients, we hope that the results of our research will successfully constitute a contribution to the goals and especially as a means of managerial orientation for entrepreneurs in the Romanian market.

  9. Bilateral Trade Elasticity of Serbia: Is There a J-Curve Effect?

    Directory of Open Access Journals (Sweden)

    Safet Kurtovic

    2017-06-01

    Full Text Available We assess the bilateral elasticity effect of real exchange rate depreciation on the export and import demand functions of Serbia and its nine leading trade partners. Analysing quarterly data for the 2004-2015 period, we find the presence of a J-curve effect in the cases of Germany, Austria and Croatia. In contrast, we find that the Marshall-Lerner conditions are fulfilled in the case of bilateral trade with Austria. Finally, in our estimates the elasticity to income has a greater impact on the export and import demand functions than the elasticity to the exchange rate. JEL Classification: F14, F31, F32

  10. A percolation approach to study the high electric field effect on electrical conductivity of insulating polymer

    Science.gov (United States)

    Benallou, Amina; Hadri, Baghdad; Martinez-Vega, Juan; El Islam Boukortt, Nour

    2018-04-01

    The effect of percolation threshold on the behaviour of electrical conductivity at high electric field of insulating polymers has been briefly investigated in literature. Sometimes the dead ends links are not taken into account in the study of the electric field effect on the electrical properties. In this work, we present a theoretical framework and Monte Carlo simulation of the behaviour of the electric conductivity at high electric field based on the percolation theory using the traps energies levels which are distributed according to distribution law (uniform, Gaussian, and power-law). When a solid insulating material is subjected to a high electric field, and during trapping mechanism the dead ends of traps affect with decreasing the electric conductivity according to the traps energies levels, the correlation length of the clusters, the length of the dead ends, and the concentration of the accessible positions for the electrons. A reasonably good agreement is obtained between simulation results and the theoretical framework.

  11. Scenario-based potential effects of carbon trading in China: An integrated approach

    International Nuclear Information System (INIS)

    Zhang, Cheng; Wang, Qunwei; Shi, Dan; Li, Pengfei; Cai, Wanhuan

    2016-01-01

    Highlights: • Carbon dioxide shadow price shows a negative asymmetrical correlation with carbon dioxide emissions in China. • The implements of carbon trading can bring Porter Hypothesis effect significantly. • Provincial carbon trading can reduce carbon intensity by 19.79–25.24% in China. - Abstract: Using China’s provincial panel data and national panel data of OECD (Organization for Economic Co-operation and Development) and BRICS (Five major emerging national economies: Brazil, Russia, India, China and South Africa), this paper simulates the scenario-based potential effect of carbon trading in China. Analysis methods included Stochastic Frontier Analysis, Difference-in-differences Model, and Nonlinear Programming Technique. Results indicated that in a theory-based view of carbon trading, the shadow price of carbon dioxide generally rises, with a non-linear negative correlation with carbon dioxide emissions. In different regions, the shadow price of carbon dioxide presents a digressive tendency among eastern, central, and western areas, with divergent gaps between and within areas. When the greatest goal is assumed to reduce national carbon intensity as much as possible at the given national GDP (Gross Domestic Product) (Scenario I), carbon trading has the effect of reducing carbon intensity by 19.79%, with the consideration of Porter Hypothesis effect. If the rigid constraint of national GDP is relaxed, and the dual constraint of both economic growth and environment protection in each region is introduced (Scenario II), the resulting effect is a reduced carbon intensity of 25.24%. China’s general carbon intensity in 2012 was higher than goals set at the Copenhagen Conference, but lagged behind the goal of Twelfth Five-Year Plan for National Economy. This study provides realistic and significant technical support for the government to use in designing and deploying a national carbon trading market.

  12. Effects of NYMEX trading on IPE Brent Crude futures markets: a duration analysis

    International Nuclear Information System (INIS)

    Lin, S.X.; Tamvakis, M.N.

    2004-01-01

    Recent developments in the energy markets, and the surge and dip in crude oil prices over the last few years, have renewed the interest in the workings of the two main price setting markets: London's International Petroleum Exchange (IPE) and New York's Mercantile Exchange (NYMEX). The interaction of these two markets, when both of them are open (synchronous trading) and when only London is open (asynchronous trading), is important, in view of the fact that most participants take positions in both markets. This paper looks at how London is affected by New York by analysing the transaction duration of the IPE Brent futures contract, both when the NYMEX WTI futures contract is being traded and when NYMEX is closed. Using tick-by-tick data obtained from IPE, transaction durations are found to form two distinctive and inverted U-shaped patterns. Autoregressive conditional duration (ACD) model, first introduced by Engle and Russell, is applied to the data. Parameters of IPE morning and afternoon are significantly different from each other, underlining the dominant effects of NYMEX on IPE trading. The results from the current analysis reinforce previous results by the authors, which indicate that NYMEX is a leading price setter in crude oil futures prices and has a dominant effect on the IPE-traded contracts

  13. Social networks and trade of services: modelling interregional flows with spatial and network autocorrelation effects

    Science.gov (United States)

    de la Mata, Tamara; Llano, Carlos

    2013-07-01

    Recent literature on border effect has fostered research on informal barriers to trade and the role played by network dependencies. In relation to social networks, it has been shown that intensity of trade in goods is positively correlated with migration flows between pairs of countries/regions. In this article, we investigate whether such a relation also holds for interregional trade of services. We also consider whether interregional trade flows in services linked with tourism exhibit spatial and/or social network dependence. Conventional empirical gravity models assume the magnitude of bilateral flows between regions is independent of flows to/from regions located nearby in space, or flows to/from regions related through social/cultural/ethic network connections. With this aim, we provide estimates from a set of gravity models showing evidence of statistically significant spatial and network (demographic) dependence in the bilateral flows of the trade of services considered. The analysis has been applied to the Spanish intra- and interregional monetary flows of services from the accommodation, restaurants and travel agencies for the period 2000-2009, using alternative datasets for the migration stocks and definitions of network effects.

  14. Assessing a moderating effect and the global fit of a PLS model on online trading

    Directory of Open Access Journals (Sweden)

    Juan J. García-Machado

    2017-12-01

    Full Text Available This paper proposes a PLS Model for the study of Online Trading. Traditional investing has experienced a revolution due to the rise of e-trading services that enable investors to use Internet conduct secure trading. On the hand, model results show that there is a positive, direct and statistically significant relationship between personal outcome expectations, perceived relative advantage, shared vision and economy-based trust with the quality of knowledge. On the other hand, trading frequency and portfolio performance has also this relationship. After including the investor’s income and financial wealth (IFW as moderating effect, the PLS model was enhanced, and we found that the interaction term is negative and statistically significant, so, higher IFW levels entail a weaker relationship between trading frequency and portfolio performance and vice-versa. Finally, with regard to the goodness of overall model fit measures, they showed that the model is fit for SRMR and dG measures, so it is likely that the model is true.

  15. Examination of the effects of public spending and trade policy on real exchange rate in Cameroon

    Directory of Open Access Journals (Sweden)

    Victalice Ngimanang ACHAMOH

    2015-11-01

    Full Text Available The study adopts the inter-temporal model of Rodríguez (1989 and Edward (1989 extended in Elbadawi and Soto (1997 to empirically examine the effect of public expenditure and trade openness on the real exchange rate using Cameroon data from 1977 to 2010. After exploring some issues on exchange rate and reviewing the relevant literature, the study employs residual based-cointegration technique. All the variables were stationary at level form or first differences. Public spending significantly appreciates the real exchange likewise the trade openness variable in the longrun. The results of the study suggests that appreciation of real exchange rate could be prevented by contracting public spending or adopting restrictive trade measures especially in the long run.

  16. 77 FR 10933 - Maximizing the Effectiveness of Federal Programs and Functions Supporting Trade and Investment

    Science.gov (United States)

    2012-02-23

    .... Creating good, high-paying jobs in the United States and ensuring sustainable economic growth are the top... sustainable economic growth through trade and foreign investment, and to ensure the effective [[Page 10936... publish this memorandum in the Federal Register. (Presidential Sig.) THE WHITE HOUSE, Washington, February...

  17. Modification of genetic effect of gamma irradiation by electric current

    International Nuclear Information System (INIS)

    Grigor'eva, N.N.; Shakhbazov, V.G.

    1985-01-01

    The effect of direct electric current of different value and polarity on genetic sequences of γ-irradiation of Vicia faba seedlings has been studied. The previously found modifying effect of direct electric current is confirmed. The extent and character of this effect depend on the value and polarity of current as well as time between irradiation and electric effects. Current effect modes having no effect on irradiated seedlings protecting cells from injury and the modes aggravating radiation effect have been found. At certain modes the effects of direct electric current on irradiated seedlings changes in the rearrangement spectrum are observed, particularly the number of bridges is increased

  18. Sulfur dioxide allowances. Trading and technological progress

    International Nuclear Information System (INIS)

    Kumar, Surender; Managi, Shunsuke

    2010-01-01

    The US Clean Air Act Amendments introduce an emissions trading system to regulate SO 2 emissions. This study finds that changes in SO 2 emissions prices are related to innovations induced by these amendments. We find that electricity-generating plants are able to increase electricity output and reduce emissions of SO 2 and NO x from 1995 to 2007 due to the introduction of the allowance trading system. However, compared to the approximate 8% per year of exogenous technological progress, the induced effect is relatively small, and the contribution of the induced effect to overall technological progress is about 1-2%. (author)

  19. LDRD report: Smoke effects on electrical equipment

    International Nuclear Information System (INIS)

    TANAKA, TINA J.; BAYNES, EDWARD E. JR.; NOWLEN, STEVEN P.; BROCKMANN, JOHN E.; GRITZO, LOUIS A.; SHADDIX, Christopher R.

    2000-01-01

    Smoke is known to cause electrical equipment failure, but the likelihood of immediate failure during a fire is unknown. Traditional failure assessment techniques measure the density of ionic contaminants deposited on surfaces to determine the need for cleaning or replacement of electronic equipment exposed to smoke. Such techniques focus on long-term effects, such as corrosion, but do not address the immediate effects of the fire. This document reports the results of tests on the immediate effects of smoke on electronic equipment. Various circuits and components were exposed to smoke from different fields in a static smoke exposure chamber and were monitored throughout the exposure. Electrically, the loss of insulation resistance was the most important change caused by smoke. For direct current circuits, soot collected on high-voltage surfaces sometimes formed semi-conductive soot bridges that shorted the circuit. For high voltage alternating current circuits, the smoke also tended to increase the likelihood of arcing, but did not accumulate on the surfaces. Static random access memory chips failed for high levels of smoke, but hard disk drives did not. High humidity increased the conductive properties of the smoke. The conductivity does not increase linearly with smoke density as first proposed; however, it does increase with quantity. The data can be used to give a rough estimate of the amount of smoke that will cause failures in CMOS memory chips, dc and ac circuits. Comparisons of this data to other fire tests can be made through the optical and mass density measurements of the smoke

  20. 78 FR 77489 - Trade, Investment, and Industrial Policies in India: Effects on the U.S. Economy Submission of...

    Science.gov (United States)

    2013-12-23

    ... INTERNATIONAL TRADE COMMISSION [Investigation No. 332-543] Trade, Investment, and Industrial Policies in India: Effects on the U.S. Economy Submission of Questionnaire for OMB Review AGENCY: United..., Investment, and Industrial Policies in India: Effects on the U.S. Economy. The investigation was instituted...

  1. European Union Emissions Trading Scheme (EU-ETS) Futures Liquidity Effects: Evidence from the European Energy Exchange (EEX)

    OpenAIRE

    Ibikunle, Gbenga; Gregoriou, Andros

    2011-01-01

    We examine liquidity effects after the onset of trading in phase II of the EU-ETS for European Union Allowance (EUA) futures contracts. We obtain evidence of long-term improvement in liquidity of the EEX EUA December 2008 futures contract after the commencement of trading in phase II. Our results suggest the application of a new regime of trading rules in Phase II led to the improvements in liquidity.

  2. Effect of applied DC electric fields in flame spread over polyethylene-coated electrical wire

    KAUST Repository

    Jin, Young Kyu

    2011-03-01

    We experimentally investigated the effect of applied DC electric fields on the flame spread over polyethylene-coated electrical wire. The flame-spread rates over electrical wire with negative and positive DC electric fields from 0 to ±7 kV were measured and analyzed. We compared the results for DC electric fields with previous results for AC electric fields. We explored whether or not various flame shapes could be obtained with DC electric fields and the main reason for the flame-spread acceleration, particularly at the end of the electrical wire, for AC electric fields. We found that DC electric fields do not significantly affect the flame-spread rates. However, the flame shape is mildly altered by the ionic wind effect even for DC electric fields. The flame-spread rate is relevant to the flame shape and the slanted direction in spite of the mild impact. A possible explanation for the flame spread is given by a thermal-balance mechanism and fuel-vapor jet. © 2011 The Korean Society of Mechanical Engineers.

  3. The Effects of Ilkhanid's Marine Policy on International Trade at the end of Middle Ages

    Directory of Open Access Journals (Sweden)

    ahmad fazlinejad

    2016-03-01

    Full Text Available The access to seas and high seas was one of the significant concerns of Iranian government's foreign policy during history. The geographical position of Iran- located two seas in north and south of it- provided a golden opportunity for Iranian government to have the influential role in international trade and protection of national security. Ilkhanid government settled in a land which lying from Oxus in east to Euphrates in west and from southern coasts of Black sea in north to Persian Gulf in south. By employing marine policy in commercial relations, Ilkhanid government played a substantial role in international trade during middle Ages. The factors of Ilkhanid's marine trade were based on dominance over Caucasus and election of Azarbayejan district as capital, sovereignty over Mesopotamia in order to control Red Sea and Indian Ocean and also influence over Anatolia and Asia Minor in order to control the southern ports of Black Sea. This marine policy had some considerable consequences such as control of commercial routes between East and West, Competition with Golden Horde and Mamalik government, relations with commercial government of Mediterranean districts and inauguration of commercial road of Tabriz to Hormoz and from Hormoz to Indian Ocean and China Sea which was regarded to be a significant event in international trade history. This research investigates the role of Ilkhanid's marine policy in changes of marine trades between East and West. The outcome of such research demonstrates that Ilkhanid government not only resisted against local marine and its rivals but also had the effective role in connection of marine trade districts of Mediterranean, Black Sea and Indian Ocean.

  4. To the punishability of manipulations of the trade at the electricity market EEX in Leipzig; Zur Strafbarkeit von Manipulationen des Handels an der Stromboerse EEX in Leipzig

    Energy Technology Data Exchange (ETDEWEB)

    Jahn, Matthias [Erlangen-Nuernberg Univ. (Germany). Lehrstuhl fuer Strafrecht und Strafprozessrecht

    2009-01-15

    The reproaches of the manipulation of the price formation at the electricity market EEX (Leipzig, Federal Republic of Germany) require supervision-legal, cartel legal and European legal attention. On 12 June 2008, the European Commission (Brussels, Belgium) expressed doubts, E.ON AG (Duesseldorf, Federal Republic of Germany) possibly used its dominating market position. So far, the criminal content of the manipulation reproaches was not considered yet. Circumstances can justify the first suspicion due to criminal experience on criminal offences. This is valid not only for the facts constituting an offence of the stock exchange fraud towards the electricity market EEX for the disadvantage of the customer, but also for the current trade at the EEX in accordance with paragraph 20 of the law of securities transactions.

  5. Trade effects of the EU-Morocco Association Agreement

    NARCIS (Netherlands)

    Berkum, van S.

    2013-01-01

    This study investigates the effects of the 2012 amendment of the Protocol on EU imports of horticultural products from Morocco. Currently, Morocco’s exports of tomato, oranges and clementines outcompete EU’s main producers of these products in months during which Morocco’s supply is on the market.

  6. Testing the effectiveness of an international conservation agreement: marketplace forensics and CITES caviar trade regulation.

    Directory of Open Access Journals (Sweden)

    Phaedra Doukakis

    Full Text Available BACKGROUND: The international wildlife trade is a key threat to biodiversity. Temporal genetic marketplace monitoring can determine if wildlife trade regulation efforts such as the Convention on International Trade in Endangered Species (CITES are succeeding. Protected under CITES effective 1997, sturgeons and paddlefishes, the producers of black caviar, are flagship CITES species. METHODOLOGY/PRINCIPAL FINDINGS: We test whether CITES has limited the amount of fraudulent black caviar reaching the marketplace. Using mitochondrial DNA-based methods, we compare mislabeling in caviar and meat purchased in the New York City area pre and post CITES listing. Our recent sampling of this market reveals a decrease in mislabeled caviar (2006-2008; 10%; n = 90 compared to pre-CITES implementation (1995-1996; 19%; n = 95. Mislabeled caviar was found only in online purchase (n = 49 online/41 retail. CONCLUSIONS/SIGNIFICANCE: Stricter controls on importing and exporting as per CITES policies may be having a positive conservation effect by limiting the amount of fraudulent caviar reaching the marketplace. Sturgeons and paddlefishes remain a conservation priority, however, due to continued overfishing and habitat degradation. Other marine and aquatic species stand to benefit from the international trade regulation that can result from CITES listing.

  7. Testing the effectiveness of an international conservation agreement: marketplace forensics and CITES caviar trade regulation.

    Science.gov (United States)

    Doukakis, Phaedra; Pikitch, Ellen K; Rothschild, Anna; DeSalle, Rob; Amato, George; Kolokotronis, Sergios-Orestis

    2012-01-01

    The international wildlife trade is a key threat to biodiversity. Temporal genetic marketplace monitoring can determine if wildlife trade regulation efforts such as the Convention on International Trade in Endangered Species (CITES) are succeeding. Protected under CITES effective 1997, sturgeons and paddlefishes, the producers of black caviar, are flagship CITES species. We test whether CITES has limited the amount of fraudulent black caviar reaching the marketplace. Using mitochondrial DNA-based methods, we compare mislabeling in caviar and meat purchased in the New York City area pre and post CITES listing. Our recent sampling of this market reveals a decrease in mislabeled caviar (2006-2008; 10%; n = 90) compared to pre-CITES implementation (1995-1996; 19%; n = 95). Mislabeled caviar was found only in online purchase (n = 49 online/41 retail). Stricter controls on importing and exporting as per CITES policies may be having a positive conservation effect by limiting the amount of fraudulent caviar reaching the marketplace. Sturgeons and paddlefishes remain a conservation priority, however, due to continued overfishing and habitat degradation. Other marine and aquatic species stand to benefit from the international trade regulation that can result from CITES listing.

  8. Decomposing the trade-environment nexus for Malaysia: what do the technique, scale, composition, and comparative advantage effect indicate?

    Science.gov (United States)

    Ling, Chong Hui; Ahmed, Khalid; Binti Muhamad, Rusnah; Shahbaz, Muhammad

    2015-12-01

    This paper investigates the impact of trade openness on CO2 emissions using time series data over the period of 1970QI-2011QIV for Malaysia. We disintegrate the trade effect into scale, technique, composition, and comparative advantage effects to check the environmental consequence of trade at four different transition points. To achieve the purpose, we have employed augmented Dickey-Fuller (ADF) and Phillips-Perron (PP) unit root tests in order to examine the stationary properties of the variables. Later, the long-run association among the variables is examined by applying autoregressive distributed lag (ARDL) bounds testing approach to cointegration. Our results confirm the presence of cointegration. Further, we find that scale effect has positive and technique effect has negative impact on CO2 emissions after threshold income level and form inverted U-shaped relationship-hence validates the environmental Kuznets curve hypothesis. Energy consumption adds in CO2 emissions. Trade openness and composite effect improve environmental quality by lowering CO2 emissions. The comparative advantage effect increases CO2 emissions and impairs environmental quality. The results provide the innovative approach to see the impact of trade openness in four sub-dimensions of trade liberalization. Hence, this study attributes more comprehensive policy tool for trade economists to better design environmentally sustainable trade rules and agreements.

  9. Effect of increased ionization on the atmospheric electric field

    International Nuclear Information System (INIS)

    Boeck, W.L.

    1980-01-01

    This study is a review of atmospheric electrical theory with the purpose of predicting the atmospheric electrical effects of increased ionization caused by radioactive inert gases. A time-independent perturbation model for the global atmospheric electric circuit precdicts that the electric field at the sea surface would be reduced to about 76% of its unperturbed value by a surface 85 Kr concentration of 3 nCi/m 3 . The electric field at a typical land station is predicted to be about 84% of its unperturbed value. Some scientists have suggested that the atmospheric electric field is part of a closed electrical feedback loop. The present model does not include such a closed feedback loop and may underestimate the total effects. This model is also useful for interpreting atmospheric electrical responses to natural fluctuations in the cosmic-ray component of background radiation

  10. Swedish Industry and Kyoto. An Assessment of the Effects of the European CO2 Emission Permit Trading System

    International Nuclear Information System (INIS)

    Braennlund, Runar; Lundgren, Tommy

    2005-01-01

    We assess the effects on Swedish industry input and output demands of different climate policy scenarios connected to energy policy induced by the Kyoto protocol. A unique data set containing firm level data on outputs and inputs during the years 1991-2001 is used to estimate a factor demand model, which is then simulated for different policy scenarios. Sector specific estimation suggests that the proposed quadratic profit function specification exhibit properties and robustness that are consistent with economic theory; that is, all own-price elasticities are negative and all output elasticities are positive. Furthermore, the elasticities show that the input demands are, in most cases, relatively inelastic. Simulation of the model for 6 different policy scenarios reveal that the effects on Swedish base industry of a EU level permit trade system is dependent on (i) removal or no removal of current CO 2 tax, (ii) the established price of permits, and (iii) what will happen to the electricity price. Our analysis show that changes in electricity price may be more important than the price of permits for some sectors

  11. Swedish industry and Kyoto - An assessment of the effects of the European CO2 emission trading system

    International Nuclear Information System (INIS)

    Braennlund, Runar; Lundgren, Tommy

    2007-01-01

    We assess the effects on Swedish industry input demands and output of different climate policy scenarios connected to energy policy induced by the Kyoto protocol. We use a unique dataset containing firm-level data on outputs and inputs between 1991 and 2001 to estimate a factor demand model, which we use to simulate different policy scenarios. Sector-specific estimation suggests that the proposed quadratic profit function specification exhibits properties and robustness that are consistent with economic theory; that is, all own-price elasticities are negative and all output elasticities are positive. Furthermore, the elasticities show that the input demands are, in most cases, relatively inelastic. Simulation of the model for six different policy scenarios reveal that effects on the Swedish base industry of a EU-level permit-trading system depends on (i) the removal or maintenance of the current CO 2 tax, (ii) the price of permits, and (iii) the future price of electricity. Our analysis shows that changes in electricity price may be more important than the price of permits for some sectors. (author)

  12. Investigating the effective factors on electronic trade by viral marketing

    Directory of Open Access Journals (Sweden)

    Nina Ghane

    2014-04-01

    Full Text Available This paper performs an investigation to explore a number of strategies underpinning virtual marketing. The study also provides several suggestions for marketers seeking to use viral marketing to position brands or to change a brand’s image, to encourage new product trials and to increase product uptake rates. In this article, we investigate the effect of external factors such as capturing the imagination, targeting credible sources, leveraging combinations of technology and easy to use product on virtual marketing. In addition, the study considers internal factors such as inclusion (the need to be part of a group, the need to be different and affection on viral marketing. The survey has been accomplished among 140 Iranian people, who were familiar with virtual marketing and they are selected, randomly. Using Pearson correlation as well as regression analysis, the study provides some evidences that there were some positive and meaningful relationship between some internal/external factors and virtual marketing.

  13. The effects of agricultural trade openness on food price transmission in Latin American countries

    Directory of Open Access Journals (Sweden)

    Insa Flachsbarth

    2014-11-01

    Full Text Available Trade of agricultural commodities has grown significantly in most Latin American countries (LAC over the last two decades. However, after the international food price surges in 2006-08 and 2011-12 concerns about food access of the poor arose. Within a panel framework containing six LAC (Argentina, Brazil, Chile, Colombia, Mexico and Peru, we used a single equation error correction model to identify possible cointegrating relationships between the food consumer price index (CPI and a set of trade related and domestic variables. The main focus of the study was to examine how different levels of trade openness impact international food price transmission to domestic markets. Our results confirm that deeper market integration increases global price transmission elasticities. In other words, more agricultural trade openness proves to elevate food CPIs during global price spikes. Thus, for poor consumers world price shocks can be deteriorating in the short-run and domestic food prices will slowly converge to a higher long-run equilibrium. Especially in increasingly integrated economies, effective policies to buffer food price shocks should be put in place, but must be carefully planned with the required budget readily available. We also found that exchange rate appreciations can buffer price shocks to a certain extent and that monetary policies seem to be an appropriate means for stabilizing food prices to safeguard food access of the poor population.

  14. The Effect of Exchange Rate Volatility on Turkey’s Agricultural Foreign Trade

    Directory of Open Access Journals (Sweden)

    Güngör Karakaş

    2017-07-01

    Full Text Available In this study, impact of the real effective exchange rate (REER and its volatility (REERV on Turkey's agricultural foreign trade was investigated. 25importantcountries in agricultural trade of Turkey and 1990-2012 periods were examined, and panel data analysis was used in this research. IGARCH model was applied to obtain for the REERV. Influence of the REER and REERV on Turkey's agricultural trade was analyzed whit FMOLS model both individual country and groups panel. According to the results of FMOLS model; It was determined that Turkey agricultural import (7.61% and export (2.24% were increased when the REER was risen about 1%. The agricultural import was decreased 18.83% in case the REERV was increased 1%. On the other hand, when the REERV was increased around 1%, there was no significantly relationship between agricultural export and REERV. As a result, it can be stated that REER and REERV were caused an imbalance on Turkey's agricultural foreign trade. Agricultural producers and industrialists are often adversely affected by the REERV. For these reasons, it is important to take protective measures for them.

  15. The IFIEC method for the allocation of CO2 allowances in the EU Emissions Trading Scheme. A review applied to the electricity sector

    International Nuclear Information System (INIS)

    Bart Wesselink; Sebastian Klaus Alyssa; Gilbert Kornelis Blok

    2008-03-01

    Recently the European Commission has published a proposal to improve the function of the EU-ETS by amending the Directive which establishes the EU-ETS. The main changes proposed are the establishment of one EU-wide cap and the use of auctioning for a much greater share of allowances than is currently the case, replacing most of the allocation free of charge. Auctioning of allowances will eliminate the so-called windfall profits that occur under the current allocation free of charge that is based on historic production and emission levels; a grandfathering approach. IFIEC EUROPE, the international federation of industrial energy consumers, asked Ecofys to review the method that IFIEC has developed in recent years to allocate CO2 allowances in the EU emissions trading scheme (EU-ETS). According to IFIEC, their allocation method guarantees the same environmental outcome as other methods, without causing windfall profits and with lower risks of competitiveness loss for so-called exposed industrial users of electricity. It was decided to focus this study on the European electricity sector. This was done for several reasons: CO2 emissions from electricity generation cover a large part of the overall emission under EU-ETS, the electricity sector has a single well defined output (electricity) that can be used to illustrate the potential impact of the IFIEC benchmark based allocation approach, and electricity is a substantial cost factor for IFIEC members. This evaluation covers many aspects of IFIEC's method and compares these with two other allocation methods: auctioning and historic grandfathering. Within the IFIEC method two example approaches are evaluated: a single benchmark for electricity production and fuel-specific benchmarks for coal and gas fired electricity production. In the evaluation, we cover the following aspects: What is the IFIEC method; how does it differ from other allocation methods in character (chapter 2); What is the impact of different allocation

  16. A study of pricing and trading model of Blockchain & Big data-based Energy-Internet electricity

    Science.gov (United States)

    Fan, Tao; He, Qingsu; Nie, Erbao; Chen, Shaozhen

    2018-01-01

    The development of Energy-Internet is currently suffering from a series of issues, such as the conflicts among high capital requirement, low-cost, high efficiency, the spreading gap between capital demand and supply, as well as the lagged trading & valuation mechanism, any of which would hinder Energy-Internet's evolution. However, with the development of Blockchain and big-data technology, it is possible to work out solutions for these issues. Based on current situation of Energy-Internet and its requirements for future progress, this paper demonstrates the validity of employing blockchain technology to solve the problems encountered by Energy-Internet during its development. It proposes applying the blockchain and big-data technologies to pricing and trading energy products through Energy-Internet and to accomplish cyber-based energy or power's transformation from physic products to financial assets.

  17. 78 FR 69128 - Trade, Investment, and Industrial Policies in India: Effects on the U.S. Economy; Proposed...

    Science.gov (United States)

    2013-11-18

    ... documents may also be downloaded from the Commission Web site at http://www.usitc.gov/research_and_analysis...) Description of respondents: Companies in industries particularly affected by Indian trade, investment, or.... trade and investment and estimates the effects these barriers have on the U.S. economy and U.S. jobs...

  18. 26 CFR 1.937-3 - Income effectively connected with the conduct of a trade or business in a possession.

    Science.gov (United States)

    2010-04-01

    ... operates an active financing business from offices in, Possession I. Interests in G are owned by D, a bona... of a trade or business in a possession. 1.937-3 Section 1.937-3 Internal Revenue INTERNAL REVENUE... United States § 1.937-3 Income effectively connected with the conduct of a trade or business in a...

  19. Dynamic linear modeling of monthly electricity demand in Japan: Time variation of electricity conservation effect.

    Science.gov (United States)

    Honjo, Keita; Shiraki, Hiroto; Ashina, Shuichi

    2018-01-01

    After the severe nuclear disaster in Fukushima, which was triggered by the Great East Japan earthquake in March 2011, nuclear power plants in Japan were temporarily shut down for mandatory inspections. To prevent large-scale blackouts, the Japanese government requested companies and households to reduce electricity consumption in summer and winter. It is reported that the domestic electricity demand had a structural decrease because of the electricity conservation effect (ECE). However, quantitative analysis of the ECE is not sufficient, and especially time variation of the ECE remains unclear. Understanding the ECE is important because Japan's NDC (nationally determined contribution) assumes the reduction of CO2 emissions through aggressive energy conservation. In this study, we develop a time series model of monthly electricity demand in Japan and estimate time variation of the ECE. Moreover, we evaluate the impact of electricity conservation on CO2 emissions from power plants. The dynamic linear model is used to separate the ECE from the effects of other irrelevant factors (e.g. air temperature, economic production, and electricity price). Our result clearly shows that consumers' electricity conservation behavior after the earthquake was not temporary but became established as a habit. Between March 2011 and March 2016, the ECE on industrial electricity demand ranged from 3.9% to 5.4%, and the ECE on residential electricity demand ranged from 1.6% to 7.6%. The ECE on the total electricity demand was estimated at 3.2%-6.0%. We found a seasonal pattern that the residential ECE in summer is higher than that in winter. The emissions increase from the shutdown of nuclear power plants was mitigated by electricity conservation. The emissions reduction effect was estimated at 0.82 MtCO2-2.26 MtCO2 (-4.5% on average compared to the zero-ECE case). The time-varying ECE is necessary for predicting Japan's electricity demand and CO2 emissions after the earthquake.

  20. Nuclear power's effects on electric rate making

    International Nuclear Information System (INIS)

    Smith, D.S.; Lancaster, A.A.

    1978-01-01

    Government and the electric utility industry are re-evaluating nuclear power's contribution to the total U.S. energy supplies. This article addresses how the recently increased nuclear plant construction and operation costs are translated into the prices that consumers pay for electricity. The electric rates that consumers pay must reflect the costs of producing electricity, as well as the costs of transmission, distribution, metering, and billing. The use of nuclear power for electric production is anticipated to grow rapidly so as to meet a larger portion of our country's electricity needs through the end of the century; so nuclear power costs are expected to be an even larger portion of the total electricity price. There are certain rate-making issues that are actively being discussed in public forums and before state and Federal regulatory bodies. These issues are not unique to nuclear power, but take on added significance when nuclear power is used by utilities to produce electricity because of the technology required and because of the type, timing, and magnitude of the costs involved. These are: (1) inclusion of construction work in progress in the rate base; (2) fuel adjustment clauses and treatment of nuclear fuel cycle costs; (3) treatment of certain taxes under the rate-making method called normalization or deferral accounting (sometimes referred to as ''phantom taxes''); and (4) rate treatment for particular nuclear expense items reflecting costs of delays, plant cancellations, and operational slowdowns

  1. Trading behaviour on the continuous intraday market ELBAS

    International Nuclear Information System (INIS)

    Scharff, Richard; Amelin, Mikael

    2016-01-01

    Intraday markets for electricity allow for trading of energy until shortly before the period of delivery. This offers market participants a possibility to reduce their expected imbalances and to offer own unused flexibility. Because this form of distributed balancing before the period of delivery can be profitable for market participants as well as beneficial for system operations, intraday trading is expected to gain more importance in future, especially with increasing shares of variable renewable energy sources in the generation mix. So far, intraday markets are still a research field with many open questions. This paper contributes by a first analysis of intraday trades on ELBAS, one of the European intraday markets. The analysis gives a detailed picture on trading activity and price development and is intended to improve understanding of continuous intraday trading. Findings include that trading activity differs significantly between price zones, that most trades occur in the last hours before gate closure and that market participants have to handle substantial price variations during the trading period. The paper also investigates the imbalance settlement rules in the Nordic countries and studies which effects one- and two-price imbalance settlement systems have on the market participants' profitability of intraday trading. - Highlights: • Insights into intraday trading: trading activity and price development. • Special focus is on characteristics of continuous trading. • Intrinsic problems in the Nordic imbalance pricing scheme are discussed. • Implications regarding balancing of generation from vRES.

  2. Intraday Trading of Wind Energy

    DEFF Research Database (Denmark)

    Skajaa, Anders; Edlund, Kristian; Morales González, Juan Miguel

    2015-01-01

    In this paper, we tackle the problem of a wind power producer participating in a short-term electricity market that allows for the continuous, but potentially illiquid, intraday trading of energy. Considering the realistic case of a wind farm operating in the western Danish price area of Nord Pool......, we build a simple but effective algorithm for the wind power producer to fully benefit from the Elbas intraday market. We then investigate the sensitivity of the obtained benefits to the maximum volume of energy the wind power producer is willing to trade in the intraday market, the ultimate aim...... of the trade (either to decrease energy imbalances or to increase profits) and to the installed capacity of the wind farm. Our numerical results reveal that the wind power producer can substantially increase his revenues by partaking in the intraday market but with diminishing returns to scale—a result that we...

  3. Currency Policy Coordination оf Asean Countries: Foreign Trade Effects

    Directory of Open Access Journals (Sweden)

    Yana Valeryevna Dyomina

    2015-12-01

    Full Text Available The study estimates foreign trade effects of currency policy measures in ASEAN countries. On the base of exchange rate dynamics the author concludes that during the period of 2000-2014 ASEAN countries in general used competitive devaluation policy of national currencies to CNY, JPY, KRW and EUR and revaluation to USD. To eliminate negative effects of competitive devaluation policy the paper proposes currency policy coordination of ASEAN countries that could be done by pegging of national currencies to a common basket. Employing the SAC (Stable Aggregate Currency method the author suggests 4 options for a common currency basket. The researcher estimates foreign trade effects of currency policy coordination in ASEAN countries for every option of a currency basket in three following cases: ASEAN as a whole, ASEAN-6 and ASEAN-4. The author concludes that the optimal form of currency policy coordination in ASEAN is pegging of exchange rates of national currencies to a common basket composed of 13 East Asian currencies. This currency basket option has maximum foreign trade effects for the Association as a whole and by sub-groups of ASEAN-6 and ASEAN-4 when it devaluates to the U.S. dollar

  4. Techniques for Conducting Effective Concept Design and Design-to-Cost Trade Studies

    Science.gov (United States)

    Di Pietro, David A.

    2015-01-01

    Concept design plays a central role in project success as its product effectively locks the majority of system life cycle cost. Such extraordinary leverage presents a business case for conducting concept design in a credible fashion, particularly for first-of-a-kind systems that advance the state of the art and that have high design uncertainty. A key challenge, however, is to know when credible design convergence has been achieved in such systems. Using a space system example, this paper characterizes the level of convergence needed for concept design in the context of technical and programmatic resource margins available in preliminary design and highlights the importance of design and cost evaluation learning curves in determining credible convergence. It also provides techniques for selecting trade study cases that promote objective concept evaluation, help reveal unknowns, and expedite convergence within the trade space and conveys general practices for conducting effective concept design-to-cost studies.

  5. The Effect of ASEAN-China Free Trade Area (ACFTA on Indonesia Export

    Directory of Open Access Journals (Sweden)

    Indriyani Indriyani

    2016-10-01

    Full Text Available ASEAN-China Free Trade Area (ACFTA is an agreement between the members of ASEAN and China to create a free trade area by removing tariff and non-tariff barriers. This agreement begins with the signing of the agreement on November 5, 2002 in Phnom Penh. Implementation is done in phases beginning January 1, 2004. The purpose of this study determines the effect of the implementation of ACFTA on Indonesia's exports to the ASEAN countries and China. This study complements previous research regarding the ACFTA. The data used in this study are the data of Indonesian exports to ASEAN countries and China for 15 years from 2000 until 2014. The tests were conducted with a fixed effect panel data model with cross section SUR. The results of this study indicate that the ACFTA increase Indonesian exports to the ASEAN countries and China.DOI: 10.15408/etk.v15i2.3331

  6. Reconfiguring trade mark law

    DEFF Research Database (Denmark)

    Elsmore, Matthew James

    2013-01-01

    -border setting, with a particular focus on small business and consumers. The article's overall message is to call for a rethink of received wisdom suggesting that trade marks are effective trade-enabling devices. The case is made for reassessing how we think about European trade mark law.......First, this article argues that trade mark law should be approached in a supplementary way, called reconfiguration. Second, the article investigates such a reconfiguration of trade mark law by exploring the interplay of trade marks and service transactions in the Single Market, in the cross...

  7. Hybrid-Electric Rotorcraft Tool Development, Propulsion System Trade Space Exploration, and Demonstrator Conceptual Design, Phase II

    Data.gov (United States)

    National Aeronautics and Space Administration — Hybrid-electric propulsion is becoming widely accepted as a potential disruptive technology for aircraft that can provide significant reduction in fuel consumption...

  8. Effects of Trade Liberalization on Domestic Prices: Some Evidence from Tunisian Manufacturing

    OpenAIRE

    Saggay, Ali; Heshmati, Almas; Adel Dhif, Mohamed

    2006-01-01

    This paper presents estimates of the competitive effects of trade liberalization on domestic pricing behaviour of Tunisian manufacturing industries. The theoretical framework is based on a dynamic flexible adjustment model of price determination in a small open economy. It investigates the process of adjustment in price level toward a desired level. The adjustment process is both industrial and time-specific. The empirical results show that, in the long run, domestic price responds greatly to...

  9. A NEW LOOK AT THE TRADE VOLUME EFFECTS OF REAL EXCHANGE RATE RISK

    OpenAIRE

    Wang, Kai-Li; Barrett, Christopher B.

    2002-01-01

    This paper takes a new empirical look at the longstanding question of the effect of exchange rate volatility on international trade flows by studying the case of Taiwan's exports to the United States from 1989-1998. In particular, we employ sectoral level, monthly data and a multivariate GARCH-M estimator with corrections for leptokurtic errors that is consistent with the core hypothesis that traders' forward contracting behavior might be affected by exchange rate risk. We find that real exch...

  10. Trade Policy

    OpenAIRE

    Murray Gibbs

    2007-01-01

    In an otherwise insightful and thoughtful article, Sebastian Pfotenhauer (Trade Policy Is Science Policy,” Issues, Fall 2013) might better have entitled his contribution “Trade Policy Needs to Be Reconciled with Science Policy.” The North American Free Trade Agreement (NAFTA) and the agreements administered by the World Trade Organization, particularly the General Agreement on Tariffs and Trade (GATT) and the Technical Barriers to Trade (TBT), were adopted to promote international trade and i...

  11. Effective Application of Improved Profit-Mining Algorithm for the Interday Trading Model

    Directory of Open Access Journals (Sweden)

    Yu-Lung Hsieh

    2014-01-01

    Full Text Available Many real world applications of association rule mining from large databases help users make better decisions. However, they do not work well in financial markets at this time. In addition to a high profit, an investor also looks for a low risk trading with a better rate of winning. The traditional approach of using minimum confidence and support thresholds needs to be changed. Based on an interday model of trading, we proposed effective profit-mining algorithms which provide investors with profit rules including information about profit, risk, and winning rate. Since profit-mining in the financial market is still in its infant stage, it is important to detail the inner working of mining algorithms and illustrate the best way to apply them. In this paper we go into details of our improved profit-mining algorithm and showcase effective applications with experiments using real world trading data. The results show that our approach is practical and effective with good performance for various datasets.

  12. Effective application of improved profit-mining algorithm for the interday trading model.

    Science.gov (United States)

    Hsieh, Yu-Lung; Yang, Don-Lin; Wu, Jungpin

    2014-01-01

    Many real world applications of association rule mining from large databases help users make better decisions. However, they do not work well in financial markets at this time. In addition to a high profit, an investor also looks for a low risk trading with a better rate of winning. The traditional approach of using minimum confidence and support thresholds needs to be changed. Based on an interday model of trading, we proposed effective profit-mining algorithms which provide investors with profit rules including information about profit, risk, and winning rate. Since profit-mining in the financial market is still in its infant stage, it is important to detail the inner working of mining algorithms and illustrate the best way to apply them. In this paper we go into details of our improved profit-mining algorithm and showcase effective applications with experiments using real world trading data. The results show that our approach is practical and effective with good performance for various datasets.

  13. Cross-border trading and transmission networks: a model for competition in natural gas and electricity grids

    International Nuclear Information System (INIS)

    Hogan, W.W.

    1992-01-01

    Cross border energy trading, for which transmission networks are a vital policy, is expanding. Within an environment of competition and open access, reform of transmission pricing, access and investment is needed. A theoretical framework for such reform is outlined. The design objectives advocated are to maintain a reliable service; to provide economic efficiency; to allow for long-term transmission contracts; to arrange compensation through a settlements system; to allow decomposition by region and company and to preserve administrative feasibility. A ''contract network'' model for transmission rights in a network is discussed. (UK)

  14. The Ghent effect for whom? Mapping the variations of the Ghent effect across different trade unions in Denmark

    DEFF Research Database (Denmark)

    Høgedahl, Laust

    2014-01-01

    The presence of an unemployment insurance system based on voluntary membership in unemployment insurance funds (known as the ‘Ghent system’) and a high union density has long been known and well documented and even referred to as a special ‘Ghent effect’. However the Ghent system, especially...... to map Danish wage earners’ reasons for joining or leaving unemployment insurance funds and trade unions. The article finds that there are great variations among Danish trade unions in term of how strongly they are dependent on a Ghent effect as a recruiting mechanism. We may expect the same variations...

  15. Optimisation of electricity energy markets and assessment of CO2 trading on their structure: A stochastic analysis of the Greek Power Sector

    International Nuclear Information System (INIS)

    Tolis, Athanasios I.; Rentizelas, Athanasios A.; Tatsiopoulos, Ilias P.

    2010-01-01

    Power production was traditionally dominated by monopolies. After a long period of research and organisational advances in international level, electricity markets have been deregulated allowing customers to choose their provider and new producers to compete the former Public Power Companies. Vast changes have been made in the European legal framework but still, the experience gathered is not sufficient to derive safe conclusions regarding the efficiency and reliability of deregulation. Furthermore, emissions' trading progressively becomes a reality in many respects, compliance with Kyoto protocol's targets is a necessity, and stability of the national grid's operation is a constraint of vital importance. Consequently, the production of electricity should not rely solely in conventional energy sources neither in renewable ones but on a mixed structure. Finding this optimal mix is the primary objective of the study. A computational tool has been created, that simulates and optimises the future electricity generation structure based on existing as well as on emerging technologies. The results focus on the Greek Power Sector and indicate a gradual decreasing of anticipated CO 2 emissions while the socio-economic constraints and reliability requirements of the system are met. Policy interventions are pointed out based on the numerical results of the model. (author)

  16. Effects of an electric field on white sharks: in situ testing of an electric deterrent.

    Directory of Open Access Journals (Sweden)

    Charlie Huveneers

    Full Text Available Elasmobranchs can detect minute electromagnetic fields, <1 nV cm(-1, using their ampullae of Lorenzini. Behavioural responses to electric fields have been investigated in various species, sometimes with the aim to develop shark deterrents to improve human safety. The present study tested the effects of the Shark Shield Freedom7™ electric deterrent on (1 the behaviour of 18 white sharks (Carcharodon carcharias near a static bait, and (2 the rates of attacks on a towed seal decoy. In the first experiment, 116 trials using a static bait were performed at the Neptune Islands, South Australia. The proportion of baits taken during static bait trials was not affected by the electric field. The electric field, however, increased the time it took them to consume the bait, the number of interactions per approach, and decreased the proportion of interactions within two metres of the field source. The effect of the electric field was not uniform across all sharks. In the second experiment, 189 tows using a seal decoy were conducted near Seal Island, South Africa. No breaches and only two surface interactions were observed during the tows when the electric field was activated, compared with 16 breaches and 27 surface interactions without the electric field. The present study suggests that the behavioural response of white sharks and the level of risk reduction resulting from the electric field is contextually specific, and depends on the motivational state of sharks.

  17. Understanding the side effects of emission trading: implications for waste management.

    Science.gov (United States)

    Braschel, Nina; Posch, Alfred; Pierer, Magdalena

    2014-01-01

    The trading of emission allowances is an important market instrument in climate policy. However, the inclusion of certain branches of industry in the trading system not only provides incentives for emission reduction, it also entails unwanted side effects. Thus, the objective of the present study is to identify such side effects-positive and negative-by examining the potential impact of waste management inclusion in the European Union Emissions Trading Scheme (EU ETS). Desk research was supplemented with qualitative and quantitative empirical analysis (based on expert interviews and a questionnaire) in order to analyse the related perceptions and expectations of actors and stakeholders. The impact of waste management inclusion in the EU ETS is analysed in terms of the following three areas: (i) costs and cost pass-through, (ii), competitiveness and market position, and (iii) carbon leakage. Concerning expectations in the area of costs, both the interviewed experts and the practitioners surveyed thought that costs were likely to increase or that they could be passed on to customers. However, experts and practitioners differed with respect to the possibility of carbon leakage. Clearly, increased knowledge of the possible impact arising from inclusion of the waste sector in the EU ETS would enable managers to become more proactive and to manage waste streams and treatment options more economically.

  18. Effects of cross-border power trade between Laos and Thailand: Energy security and environmental implications

    International Nuclear Information System (INIS)

    Watcharejyothin, Mayurachat; Shrestha, Ram M.

    2009-01-01

    This paper analyzed the effects of hydropower development in Laos and power trade between Laos and Thailand on economy wide, energy resource mix, power generation capacity mix, energy system cost, environment, as well as, energy security. A MARKAL-based model for an integrated energy system of Laos and Thailand was developed to assess the effects of energy resource development and trade to meet the national energy demands of the two countries. Two national MARKAL-based energy system models of Laos and Thailand were formulated for the study. The results show that 80% exploitation of water resource in Laos would induce power trade between the countries. The integrated energy system cost is found to decrease marginally but it would mitigate the CO 2 emission by 2% when compared with the base case. Thailand is expected to gain benefit from the increased level of power imported from Laos in terms of the lower energy system cost, better environmental quality and, greater diversification of energy sources. As compared to the base case, Laos would become the net energy exporter, earn significant export revenue, and improve the increase in revenue of energy export per increase in total energy system cost from the maximum exploitation of hydropower resource.

  19. Greenhouse gas trading

    Energy Technology Data Exchange (ETDEWEB)

    Drazilov, P. [Natsource-Tullett Emissions Brokerage, Toronto, ON (Canada)

    2001-07-01

    Natsource-Tullett Emissions Brokerage is a market leader in natural gas, electricity, coal, and weather, emissions with a total of more than $2 billion by volume in emissions transactions in the United States, Canada, Australia, Japan, and Europe. This power point presentation addressed issues dealing with global warming, the Kyoto Protocol, and explained where we are in terms of reaching commitments for the first compliance period between 2008-2012. The paper focused on international emissions trading (IET), joint implementation (JI) and the clean development mechanism (CDM) and explained how greenhouse gases are traded. Emissions trading refers to the trade of carbon dioxide, methane, nitrous oxides, perfluoro-carbons, hydrofluorocarbons, and sulphur hexafluorides. The motivational drivers for trading were outlined in terms of liability for buyers and assets for sellers. To date, trading activity is nearly 120 transactions with nearly 70 million tons of carbon dioxide equivalent. tabs., figs.

  20. Individual Attitudes Towards Trade

    DEFF Research Database (Denmark)

    Jäkel, Ina Charlotte; Smolka, Marcel

    2013-01-01

    Using the 2007 wave of the Pew Global Attitudes Project, this paper finds statistically significant and economically large Stolper-Samuelson effects in individuals’ preference formation towards trade policy. High-skilled individuals are substantially more pro-trade than low-skilled individuals......-Ohlin model in shaping free trade attitudes, relative to existing literature....

  1. International food trade reduces environmental effects of nitrogen pollution in China.

    Science.gov (United States)

    Shi, Yaxing; Wu, Shaohua; Zhou, Shenglu; Wang, Chunhui; Chen, Hao

    2016-09-01

    The globalization of agricultural trade has dramatically altered global nitrogen flows by changing the spatial pattern of nitrogen utilization and emissions at a global scale. As a major trading country, China uses a large amount of nitrogen, which has a profound impact on global nitrogen flows. Using data on food production and trade between China and 26 other countries and regions, we calculated nitrogen inputs and outputs in food production ecosystem in each country. We estimated nitrogen flows in international food trade and analyzed their impact on nitrogen pollution in China. We divided nitrogen flows into embodied and virtual nitrogen flows. Embodied nitrogen is taken up by the plant and incorporated into the final food product, whereas virtual nitrogen is lost to the environment throughout the food production process and is not contained in the final food product. Our results show that China mainly imports food products from America and Asia, accounting for 95 % of all imported food. Asia (mainly Japan) and Europe are the main exporters of food from China, with Japan and the EU accounting for 17 and 10 % of all exported food, respectively. Total nitrogen inputs and outputs in food production in China were 55,400 and 61,000 Gg respectively, which were much higher than in other countries. About 1440 and 950 Gg of embodied and virtual nitrogen respectively flow into China through the food trade, mainly from food-exporting countries such as the USA, Argentina, and Brazil. Meanwhile, 177 and 160 Gg of embodied and virtual nitrogen respectively flow out of China from the export of food products, mainly to Japan. China's net food imports have reduced 720 and 458 Gg for nitrogen utilization and outputs, respectively, which accounted for 1.3 and 0.78 % of total nitrogen inputs and outputs in China. These results suggest that food trade in China has a profound effect on nitrogen flows and has greatly reduced environmental impacts on nitrogen pollution in China.

  2. Business strategy in the electric sector: trading in the paraguay electric sector; Estrategias de negocios en el sector electrico: comercializacion en el sistema electrico paraguayo

    Energy Technology Data Exchange (ETDEWEB)

    Cardozo, Carlos M.; Soto, Ruben E. Brasa [Itaipu Binacional - Usina Hidroelectrica de Itaipu, Foz do Iguacu, PR (Brazil)]. E-mail: cartin@itaipu.gov.py

    2001-07-01

    This paper presents an suitable analysis for a energy tradder which intends to operate in the paraguay electric market. First, the paper describes the main conceptual aspects and afterwards, formulate hypothesis on the possible highlights on the operative modes of negotiation and finally some results obtained based on hypothesis and simulation.

  3. Electrical and Biological Effects of Transmission Lines: A Review.

    Energy Technology Data Exchange (ETDEWEB)

    Lee, Jack M.

    1989-06-01

    This review describes the electrical properties of a-c and d-c transmission lines and the resulting effects on plants, animals, and people. Methods used by BPA to mitigate undesirable effects are also discussed. Although much of the information in this review pertains to high-voltage transmission lines, information on distribution lines and electrical appliances is included. The electrical properties discussed are electric and magnetic fields and corona: first for alternating-current (a-c) lines, then for direct current (d-c).

  4. Effect of demand management on regulated and deregulated electricity sectors

    International Nuclear Information System (INIS)

    Fahrioglu, Murat

    2016-01-01

    Our society derives a quantifiable benefit from electric power. In particular, forced outages or blackouts have enormous consequences on society, one of which is loss of economic surplus. The society relies on having a continuous supply of electrical energy. Some customers may willingly risk this continuous supply and participate in demand management programs for electrical power. If the power system grid is in trouble, electric utilities need to have demand relief. Customers willing to reduce their demand to help the system can receive an incentive fee for helping the utilities. Demand relief can be system wide or location specific. Sometimes it can be more effective to fix the electrical demand vs. supply imbalance from the demand side. The value of demand management contracts is greatly affected by customer location. Inclusion of locational attributes into the contract design procedure increases the effectiveness of the contracts by helping a utility get more value from its demand management programs. Independent System Operators and regulators, among others, can also benefit from effective demand management. This paper will investigate how this type of demand management contracts can help the electricity sector both in regulated and deregulated environments. - Highlights: • Demand management can help prevent forced electricity outages. • Both electric utilities and ISOs can use demand management. • Regulated and deregulated electricity sectors can benefit from demand management. • Demand management contracts can be effectively used in power system grids.

  5. Electric vehicle charging in China's power system : Energy, economic and environmental trade-offs and policy implications

    NARCIS (Netherlands)

    Li, Ying; Davis, Chris; Lukszo, Zofia; Weijnen, Margot

    2016-01-01

    This work investigates different scenarios for electric vehicle (EV) deployment in China and explores the implications thereof with regard to energy portfolio, economics and the environment. Specifically, we investigate how to better deliver the value of EVs by improving designs in the power system

  6. 77 FR 2269 - Foreign-Trade Zone 18-San Jose, CA, Application for Subzone, Tesla Motors, Inc. (Electric...

    Science.gov (United States)

    2012-01-17

    ..., CA, Application for Subzone, Tesla Motors, Inc. (Electric Passenger Vehicles), Palo Alto and Fremont... passenger- vehicle manufacturing facilities of Tesla Motors, Inc. (Tesla), located in Palo Alto and Fremont... January 10, 2012. The Tesla facilities (currently employing over 1,000 workers) consist of two sites: Site...

  7. Effectiveness of the management of price risk methodologies for the corn market based on trading signals

    Directory of Open Access Journals (Sweden)

    W. Rossouw

    2013-03-01

    Full Text Available Corn production is scattered geographically over various continents, but most of it is grown in the United States. As such, the world price of corn futures contracts is largely dominated by North American corn prices as traded on the Chicago Board of Trade. In recent years, this market has been characterised by an increase in price volatility and magnitude of price movement as a result of decreasing stock levels. The development and implementation of an effective and successful derivative price risk management strategy based on the Chicago Board of Trade corn futures contract will therefore be of inestimable value to market stakeholders worldwide. The research focused on the efficient market hypothesis and the possibility of contesting this phenomenon through an application of a derivative price risk management methodology. The methodology is based on a combination of an analysis of market trends and technical oscillators with the objective of generating returns superior to that of a market benchmark. The study found that market participants are currently unable to exploit price movement in a manner which results in returns that contest the notion of efficient markets. The methodology proposed, however, does allow the user to consistently achieve returns superior to that of a predetermined market benchmark. The benchmark price for the purposes of this study was the average price offered by the market over the contract lifetime, and as such, the efficient market hypothesis was successfully contested

  8. Emission trading schemes: potential revenue effects, compliance costs and overall tax policy issues

    International Nuclear Information System (INIS)

    Pope, Jeff; Owen, Anthony D.

    2009-01-01

    The case for the imposition of carbon (emission) taxes or tradable carbon permits in important tax jurisdictions is arguably strong, based upon the polluter pays principle first proposed by Pigou almost a century ago. This paper briefly reviews the arguments for and against these market-based instruments, and discusses their relative advantages and disadvantages in a practical context. In the case of Australia, the revenue effect of the proposed tradable carbon permits scheme is estimated to be A$11.5 billion in 2010-11. For comparison, this is roughly equivalent to a quarter of the revenue from the Goods and Services Tax. The paper focuses on three neglected aspects of climate change taxation discussion to date: how much tax revenue is likely to be raised, and the administrative and compliance costs of an emissions trading scheme, with particular reference to Australia. In discussing these issues, the paper draws upon selected and relevant international experience, particularly the European Union emissions trading scheme. The challenges of an emissions trading scheme, including integration with the existing tax system, particularly in an Australian context, are also discussed. The paper concludes by emphasising the key challenges and issues facing this 'ultimate externality' debate, particularly from a taxation policy perspective.

  9. Impact of electric field on Hofmeister effects in aggregation of ...

    Indian Academy of Sciences (India)

    Electric field; Hofmeister effects; ionic polarization; colloidal minerals; electrostatic interaction. 1. Introduction. Aggregation .... sions containing a given quantity of colloidal minerals ..... account to explain the observed Hofmeister effects. On the ...

  10. Multinational Corporations and Foreign Direct Investments in Romania. Effects on the Romanian Trade

    Directory of Open Access Journals (Sweden)

    Catana Adina Mihaela

    2011-12-01

    Full Text Available This paper focuses on the study of transnational corporations and their business development through foreign direct investments made in other countries, mostly greenfield type countries. The objective of this paper is to determine the impact of these companies enlargement on the Romanian retail market, especially on the consumer goods market. Transnational companies have experienced a very dynamic economic growth, enjoying success at first in their country and then expanding to other countries. As independent players on the international market, multinational corporations are becoming more and more powerful every day. Most of these companies record annual sales of ten million dollars each. The most important aspect of business globalization is the interdependence between national economies. In this process, Foreign Direct Investments have an important role, given the fact that the internal resources are not enough to ensure the development and support of businesses hence the need to obtain external resources. Generally, FDI have a strong training effect both in the national and global economy, providing the replacement and modernization of techniques and technologies, increasing production and supply of goods, improving their quality and competitiveness, creating new jobs and growing the quality of life. Thus, each national economy is building its economic development strategy in which investments have a predominant role. Foreign Direct Investment is a major driver of globalization that characterizes the modern economy. Increasing of Foreign Direct Investment flows, accompanied by the increasing of the portfolio investments, highlights the major role played by transnational corporations, especially in developing economies and transition economies. The most important areas in which FDI was made in Romania are: financial intermediation and insurance, trade, construction and real estate, information technology and communication. The entering of

  11. The effect of climate change on electricity expenditures in Massachusetts

    International Nuclear Information System (INIS)

    Véliz, Karina D.; Kaufmann, Robert K.; Cleveland, Cutler J.; Stoner, Anne M.K.

    2017-01-01

    Climate change affects consumer expenditures by altering the consumption of and price for electricity. Previous analyses focus solely on the former, which implicitly assumes that climate-induced changes in consumption do not affect price. But this assumption is untenable because a shift in demand alters quantity and price at equilibrium. Here we present the first empirical estimates for the effect of climate change on electricity prices. Translated through the merit order dispatch of existing capacity for generating electricity, climate-induced changes in daily and monthly patterns of electricity consumption cause non-linear changes in electricity prices. A 2 °C increase in global mean temperature increases the prices for and consumption of electricity in Massachusetts USA, such that the average household’s annual expenditures on electricity increase by about 12%. Commercial customers incur a 9% increase. These increases are caused largely by higher prices for electricity, whose impacts on expenditures are 1.3 and 3.6 fold larger than changes in residential and commercial consumption, respectively. This suggests that previous empirical studies understate the effects of climate change on electricity expenditures and that policy may be needed to ensure that the market generates investments in peaking capacity to satisfy climate-driven changes in summer-time consumption. - Highlights: • Climate change increases summer peak of load curve in US state of Massachusetts. • Climate change increases electricity prices more than consumption. • Previous studies understate the effect of climate change on electricity expenditures. • Adaptation that reduces electricity demand may reduce the price effect. • Adaptation may raise prices by increasing capacity but lowering utilization rate.

  12. An effective field theory for the neutron electric dipole moment

    International Nuclear Information System (INIS)

    Chang, D.; Kephart, T.W.; Keung, W.Y.; Yuan, T.C.

    1992-01-01

    We derive a CP-odd effective field theory involving the field strengths of the gluon and the photon and their duals as a result of integrating out a heavy quark which carries both the chromo-electric dipole moment and electric dipole moment. The coefficients of the induced gluonic, photonic, and mixed gluon-photon operators with dimension ≤ 8 are determined. Implications of some of these operators on the neutron electric dipole moment are also discussed. (orig.)

  13. Effects of an Electric Field on White Sharks: In Situ Testing of an Electric Deterrent

    Science.gov (United States)

    Huveneers, Charlie; Rogers, Paul J.; Semmens, Jayson M.; Beckmann, Crystal; Kock, Alison A.; Page, Brad; Goldsworthy, Simon D.

    2013-01-01

    Elasmobranchs can detect minute electromagnetic fields, shark deterrents to improve human safety. The present study tested the effects of the Shark Shield Freedom7™ electric deterrent on (1) the behaviour of 18 white sharks (Carcharodon carcharias) near a static bait, and (2) the rates of attacks on a towed seal decoy. In the first experiment, 116 trials using a static bait were performed at the Neptune Islands, South Australia. The proportion of baits taken during static bait trials was not affected by the electric field. The electric field, however, increased the time it took them to consume the bait, the number of interactions per approach, and decreased the proportion of interactions within two metres of the field source. The effect of the electric field was not uniform across all sharks. In the second experiment, 189 tows using a seal decoy were conducted near Seal Island, South Africa. No breaches and only two surface interactions were observed during the tows when the electric field was activated, compared with 16 breaches and 27 surface interactions without the electric field. The present study suggests that the behavioural response of white sharks and the level of risk reduction resulting from the electric field is contextually specific, and depends on the motivational state of sharks. PMID:23658766

  14. Effect of AC electric fields on flame spread over electrical wire

    KAUST Repository

    Kim, Minkuk

    2011-01-01

    The effect of electric fields on the characteristics of flame spread over insulated electrical wire has been investigated experimentally by varying AC voltage and frequency applied to the wire in the normal gravity condition. The polyethylene (PE) insulated electrical wire was placed horizontally on electrically non-conducting posts and one end of the wire was connected to the high voltage terminal. Thus, the electrical system is the single electrode configuration. The wire was ignited at one end and the flame spread rate along the wire has been measured from the images using a video camera. Two distinct regimes existed depending on the applied AC frequency. In the low frequency regime, the flame spread rate decreased with the frequency and voltage. While in the high frequency regime, it decreased initially with voltage and then increased. At high frequency, the spread rate was even over that without applying electric fields. This result implies that fire safety codes developed without considering the effect of electric fields may require modifications. © 2010 Published by Elsevier Inc. on behalf of The Combustion Institute. All rights reserved.

  15. Positrons trapped in polyethylene: Electric field effect

    International Nuclear Information System (INIS)

    Bertolaccini, M.; Bisi, A.; Gambarini, G.; Zappa, L.

    1978-01-01

    The intensity of the iot 2 -component of positrons annihilated in polyethylene is found to increase with increasing electric field, while the formation probability of the positron state responsible for this component remains independent of the field. (orig.) 891 HPOE [de

  16. Jack-of-all-trades effects drive biodiversity–ecosystem multifunctionality relationships in European forests

    Science.gov (United States)

    van der Plas, Fons; Manning, Peter; Allan, Eric; Scherer-Lorenzen, Michael; Verheyen, Kris; Wirth, Christian; Zavala, Miguel A.; Hector, Andy; Ampoorter, Evy; Baeten, Lander; Barbaro, Luc; Bauhus, Jürgen; Benavides, Raquel; Benneter, Adam; Berthold, Felix; Bonal, Damien; Bouriaud, Olivier; Bruelheide, Helge; Bussotti, Filippo; Carnol, Monique; Castagneyrol, Bastien; Charbonnier, Yohan; Coomes, David; Coppi, Andrea; Bastias, Cristina C.; Muhie Dawud, Seid; De Wandeler, Hans; Domisch, Timo; Finér, Leena; Gessler, Arthur; Granier, André; Grossiord, Charlotte; Guyot, Virginie; Hättenschwiler, Stephan; Jactel, Hervé; Jaroszewicz, Bogdan; Joly, François-Xavier; Jucker, Tommaso; Koricheva, Julia; Milligan, Harriet; Müller, Sandra; Muys, Bart; Nguyen, Diem; Pollastrini, Martina; Raulund-Rasmussen, Karsten; Selvi, Federico; Stenlid, Jan; Valladares, Fernando; Vesterdal, Lars; Zielínski, Dawid; Fischer, Markus

    2016-01-01

    There is considerable evidence that biodiversity promotes multiple ecosystem functions (multifunctionality), thus ensuring the delivery of ecosystem services important for human well-being. However, the mechanisms underlying this relationship are poorly understood, especially in natural ecosystems. We develop a novel approach to partition biodiversity effects on multifunctionality into three mechanisms and apply this to European forest data. We show that throughout Europe, tree diversity is positively related with multifunctionality when moderate levels of functioning are required, but negatively when very high function levels are desired. For two well-known mechanisms, ‘complementarity' and ‘selection', we detect only minor effects on multifunctionality. Instead a third, so far overlooked mechanism, the ‘jack-of-all-trades' effect, caused by the averaging of individual species effects on function, drives observed patterns. Simulations demonstrate that jack-of-all-trades effects occur whenever species effects on different functions are not perfectly correlated, meaning they may contribute to diversity–multifunctionality relationships in many of the world's ecosystems. PMID:27010076

  17. Effects of climate change on the production and consumption of electricity in Finland

    International Nuclear Information System (INIS)

    Kuivalainen, P.; Forsius, J.; Maekinen, P.

    1996-01-01

    The purpose of this study was to use the latest knowledge about the greenhouse effect and its impact on electricity production and consumption in Finland and so to update the former study of Aittoniemi made at IVO in 1990. This research used the new climate change scenarios which were drawn up in the Nordic research project entitled Climate Change and Energy Production, financed by the Nordic Council of Ministers, and in the Finnish Research Programme on Climate Change, SILMU. These scenarios have been specially made for Finland, and are thus more suitable than the former global models. The base scenario was chosen to be the year 2025 with no climate change, and the climate change-affected years studied were 2025 and 2100. The base scenario of electricity consumption and production took advantage of the scenario of Ministry of Trade and Industry made at the end of the 1980s. Some changes were essential, however, since the present development proves that some of the assumptions concerning power production forms will not be relevant in 2025. Based on the known dependencies between electricity consumption and temperature, impacts were calculated for each affected consumption sector: electric heating, household consumption and industrial consumption, process industry excluded. The total effect on the supply system was estimated with the KAPAS model, developed for capacity planning of Finland. According to the results, the effects of the projected climate change on the total consumption and production of electricity will be limited. The structure of both electricity consumption and production will remain rather similar, the most important changes applying to hydro power. (13 refs.)

  18. Distribution effects of electricity tax illustrated by different distribution concepts

    International Nuclear Information System (INIS)

    Halvorsen, Bente; Larsen, Bodil M.; Nesbakken, Runa

    2001-01-01

    This study demonstrates the significance of the choice of distribution concepts in analyses of distribution effects of electricity tax. By distribution effects are meant that life circumstances are changing. The focus is on different income concepts. Income is an important element in the life circumstances of the households. The distribution effects are studied by focusing on general income before and after tax, pension able earnings before and after tax and total consumption expenditure. The authors study how increased electricity expenses caused by a proportional increase of the electricity tax affect the households in various income groups. It is found that the burden of such an increased tax, measured by the budget part set aside for electricity, decreases with income no matter what distribution concept is used. By calculating measures of inequality for income minus electricity tax before and after the tax increase, it is found that the measures of inequality significantly depend on the choice of distribution concept

  19. Permit trading and credit trading

    DEFF Research Database (Denmark)

    Boom, Jan-Tjeerd; R. Dijstra, Bouwe

    This paper compares emissions trading based on a cap on total emissions (permit trading) and on relative standards per unit of output (credit trading). Two types of market structure are considered: perfect competition and Cournot oligopoly. We find that output, abatement costs and the number...... of firms are higher under credit trading. Allowing trade between permit-trading and credit-trading sectors may increase in welfare. With perfect competition, permit trading always leads to higher welfare than credit trading. With imperfect competition, credit trading may outperform permit trading....... Environmental policy can lead to exit, but also to entry of firms. Entry and exit have a profound impact on the performance of the schemes, especially under imperfect competition. We find that it may be impossible to implement certain levels of total industry emissions. Under credit trading several levels...

  20. Effects of Radial Electric Fields on ICRF Waves

    International Nuclear Information System (INIS)

    Phillips, C.K.; Hosea, J.C.; Ono, M.; Wilson, J.R.

    2001-01-01

    Equilibrium considerations infer that large localized radial electric fields are associated with internal transport barrier structures in tokamaks and other toroidal magnetic confinement configurations. In this paper, the effects of an equilibrium electric field on fast magnetosonic wave propagation are considered in the context of a cold plasma model

  1. Dynamic linear modeling of monthly electricity demand in Japan: Time variation of electricity conservation effect.

    Directory of Open Access Journals (Sweden)

    Keita Honjo

    Full Text Available After the severe nuclear disaster in Fukushima, which was triggered by the Great East Japan earthquake in March 2011, nuclear power plants in Japan were temporarily shut down for mandatory inspections. To prevent large-scale blackouts, the Japanese government requested companies and households to reduce electricity consumption in summer and winter. It is reported that the domestic electricity demand had a structural decrease because of the electricity conservation effect (ECE. However, quantitative analysis of the ECE is not sufficient, and especially time variation of the ECE remains unclear. Understanding the ECE is important because Japan's NDC (nationally determined contribution assumes the reduction of CO2 emissions through aggressive energy conservation. In this study, we develop a time series model of monthly electricity demand in Japan and estimate time variation of the ECE. Moreover, we evaluate the impact of electricity conservation on CO2 emissions from power plants. The dynamic linear model is used to separate the ECE from the effects of other irrelevant factors (e.g. air temperature, economic production, and electricity price. Our result clearly shows that consumers' electricity conservation behavior after the earthquake was not temporary but became established as a habit. Between March 2011 and March 2016, the ECE on industrial electricity demand ranged from 3.9% to 5.4%, and the ECE on residential electricity demand ranged from 1.6% to 7.6%. The ECE on the total electricity demand was estimated at 3.2%-6.0%. We found a seasonal pattern that the residential ECE in summer is higher than that in winter. The emissions increase from the shutdown of nuclear power plants was mitigated by electricity conservation. The emissions reduction effect was estimated at 0.82 MtCO2-2.26 MtCO2 (-4.5% on average compared to the zero-ECE case. The time-varying ECE is necessary for predicting Japan's electricity demand and CO2 emissions after the

  2. Dynamic linear modeling of monthly electricity demand in Japan: Time variation of electricity conservation effect

    Science.gov (United States)

    Shiraki, Hiroto; Ashina, Shuichi

    2018-01-01

    After the severe nuclear disaster in Fukushima, which was triggered by the Great East Japan earthquake in March 2011, nuclear power plants in Japan were temporarily shut down for mandatory inspections. To prevent large-scale blackouts, the Japanese government requested companies and households to reduce electricity consumption in summer and winter. It is reported that the domestic electricity demand had a structural decrease because of the electricity conservation effect (ECE). However, quantitative analysis of the ECE is not sufficient, and especially time variation of the ECE remains unclear. Understanding the ECE is important because Japan’s NDC (nationally determined contribution) assumes the reduction of CO2 emissions through aggressive energy conservation. In this study, we develop a time series model of monthly electricity demand in Japan and estimate time variation of the ECE. Moreover, we evaluate the impact of electricity conservation on CO2 emissions from power plants. The dynamic linear model is used to separate the ECE from the effects of other irrelevant factors (e.g. air temperature, economic production, and electricity price). Our result clearly shows that consumers’ electricity conservation behavior after the earthquake was not temporary but became established as a habit. Between March 2011 and March 2016, the ECE on industrial electricity demand ranged from 3.9% to 5.4%, and the ECE on residential electricity demand ranged from 1.6% to 7.6%. The ECE on the total electricity demand was estimated at 3.2%–6.0%. We found a seasonal pattern that the residential ECE in summer is higher than that in winter. The emissions increase from the shutdown of nuclear power plants was mitigated by electricity conservation. The emissions reduction effect was estimated at 0.82 MtCO2–2.26 MtCO2 (−4.5% on average compared to the zero-ECE case). The time-varying ECE is necessary for predicting Japan’s electricity demand and CO2 emissions after the

  3. Renewable Energy Sources Act and Trading of Emission Certificates: A national and a supranational tool direct energy turnover to renewable electricity-supply in Germany

    International Nuclear Information System (INIS)

    Kirsten, Selder

    2014-01-01

    Aim: After the nuclear disaster at Fukushima in 2011, Germany decided to phase out atomic energy, without producing new CO 2 emissions. The article discusses the promotion systems that are used. Scope: The percentage of renewable energies in Germany's electricity consumption increased from 3 in 1990 to 23 in 2012. This development was introduced and guided by a law called Renewable Energy Sources Act. It guarantees a privileged acceptance of electricity and a fixed gratification for 20 years to the operators of regenerative power plants. It allows the operators to install regenerative power plants at a reduced risk. By contrast, the international means for CO 2 reduction is the trading of emission certificates, which is also valid for Germany. The article discusses how the promotion of the Erneuerbar-Energien-Gesetz (EEG) and other plant-based promotion systems fit into this condition. It also elucidates the actual decline of promotion, its problems to the country’s environmental economy and the approach of decentralized photovoltaic (PV) energy plants towards economical efficiency. Conclusions: Germany’s energy turnaround to a regenerative energy supply is characterized by a strong and differentiated promotion system. Substantial efforts have to be made as the percentage of the renewable energy sources has significantly increased but is still under 25%

  4. TRADE, REVENUE AND WELFARE EFFECTS UNDER AN ECONOMIC PARTNERSHIP AGREEMENT BETWEEN BURKINA FASO AND THE EUROPEAN UNION

    Directory of Open Access Journals (Sweden)

    G.O. Onogwu

    2013-02-01

    Full Text Available This study estimates the impact on Burkina Faso of eliminating tariffs on imports from the EU under EPAs, considering trade, revenue and welfare effects. At complete elimination of tariffs on all products imports from trade classification sections (TDC 01-13 from the EU. Burkina Faso is likely to experience both welfare gains and losses depending on the values of imports of each trade classification section in question. The overall welfare effect relative to GDP tends to be very small and positive, but potential tariff revenue losses are enormous even when the country has up to fifteen - twenty-five years in which to implement the tariff reductions, unless with scope for tax substitution. EPAs effects are concentrated on those product sections where trade creation outweighs trade diversion such as Animal products, Vegetable products, Animal/Veg. products, Mineral products, and Textiles products. Besides, product sections with the greatest market opportunities for EU suppliers to displace any of the other suppliers, ECOWAS and/or ROW include sections where trade diversion outweighs trade creation effects, such as prepared foodstuffs, product of chemicals, plastics, raw hides & skin, etc. The sensitive products (SPs to be excluded from tariff removal should include sections in which ECOWAS member nations are suppliers to regional importers so that excluding them as SPs would improve the welfare gain compared to estimates where tariff are removed from those products in which ECOWAS have zero potential. The results at this level of aggregation will provide useful information to the on-going negotiations between ECOWAS and the EU in determining Burkinabe's products to be exempted from tariff removal during EPAs based on the severity of the effects on varied trade classification (TDC sections, among other considerations.

  5. Effective electrical and thermal conductivity of multifilament twisted superconductors

    International Nuclear Information System (INIS)

    Chechetkin, V.R.

    2013-01-01

    The effective electrical and thermal conductivity of composite wire with twisted superconducting filaments embedded into normal metal matrix is calculated using the extension of Bruggeman method. The resistive conductivity of superconducting filaments is described in terms of symmetric tensor, whereas the conductivity of a matrix is assumed to be isotropic and homogeneous. The dependence of the resistive electrical conductivity of superconducting filaments on temperature, magnetic field, and current density is implied to be parametric. The resulting effective conductivity tensor proved to be non-diagonal and symmetric. The non-diagonal transverse–longitudinal components of effective electrical conductivity tensor are responsible for the redistribution of current between filaments. In the limits of high and low electrical conductivity of filaments the transverse effective conductivity tends to that of obtained previously by Carr. The effective thermal conductivity of composite wires is non-diagonal and radius-dependent even for the isotropic and homogeneous thermal conductivities of matrix and filaments.

  6. The Effects of Liberalizing World Agricultural Trade: A Review of Modeling Studies

    National Research Council Canada - National Science Library

    Arnold, Bruce

    2006-01-01

    A major issue on the agenda of the ongoing Doha Round of multilateral negotiations by members of the World Trade Organization concerns how and to what extent policies that affect agricultural trade should be liberalized...

  7. Effects of an electric field on interaction of aromatic systems.

    Science.gov (United States)

    Youn, Il Seung; Cho, Woo Jong; Kim, Kwang S

    2016-04-30

    The effect of uniform external electric field on the interactions between small aromatic compounds and an argon atom is investigated using post-HF (MP2, SCS-MP2, and CCSD(T)) and density functional (PBE0-D3, PBE0-TS, and vdW-DF2) methods. The electric field effect is quantified by the difference of interaction energy calculated in the presence and absence of the electric field. All the post-HF methods describe electric field effects accurately although the interaction energy itself is overestimated by MP2. The electric field effect is explained by classical electrostatic models, where the permanent dipole moment from mutual polarization mainly determines its sign. The size of π-conjugated system does not have significant effect on the electric field dependence. We found out that PBE0-based methods give reasonable interaction energies and electric field response in every case, while vdW-DF2 sometimes shows spurious artifact owing to its sensitivity toward the real space electron density. © 2015 Wiley Periodicals, Inc.

  8. Coupling of magnetospheric electrical effects into the global atmospheric electrical circuit

    International Nuclear Information System (INIS)

    Hays, P.B.; Roble, R.G.

    1979-01-01

    A quasi-static model of global atmospheric electricity has been constructed (Hays and Roble, 1978) to study the electrical processes in the lower atmosphere and the coupling between solar- and upper- atmosphere-induced variations superimposed upon the global electrical circuit. The paper reviews the essential features of this model and discusses the results obtained thus far on the effects of magnetospheric convection and substorms on the global atmospheric electrical circuit. A schematic diagram of the global quasi-static model is given. It is assumed that thunderstorms act as dipole generators, each with a positive center at the top of the cloud and a negative center a few kilometers lower than the positive center

  9. The Effect of Electrical Stimulation in Improving Muscle Tone (Clinical)

    Science.gov (United States)

    Azman, M. F.; Azman, A. W.

    2017-11-01

    Electrical stimulation (ES) and also known as neuromuscular electrical stimulation (NMES) and transcutaneous electrical stimulation (TES) involves the use of electrical current to stimulate the nerves or nerve endings that innervate muscle beneath the skin. Electrical stimulation may be applied superficially on the skin (transcutaneously) or directly into a muscle or muscles (intramuscularly) for the primary purpose of enhancing muscle function. The basic theoretical premise is that if the peripheral nerve can be stimulated, the resulting excitation impulse will be transmitted along the nerve to the motor endplates in the muscle, producing a muscle contraction. In this work, the effect of mere electrical stimulation to the muscle bulk and strength are tested. This paper explains how electrical stimulation can affect the muscle bulk, muscle size, muscle tone, muscle atrophy and muscle strength. The experiment and data collection are performed on 5 subjects and the results obtained are analyzed. This research aims to understand the full potential of electrical stimulation and identifying its possible benefits or disadvantages to the muscle properties. The results indicated that electrical stimulation alone able to improve muscle properties but with certain limits and precautions which might be useful in rehabilitation programme.

  10. Exploring the trade-off between competing objectives for electricity energy retailers through a novel multi-objective framework

    International Nuclear Information System (INIS)

    Charwand, Mansour; Ahmadi, Abdollah; Siano, Pierluigi; Dargahi, Vahid; Sarno, Debora

    2015-01-01

    Highlights: • Proposing a new stochastic multi-objective framework for an electricity retailer. • Proposing a MIP model for an electricity retailer problem. • Employing ε-constraint method to generate Pareto solution. - Abstract: Energy retailer is the intermediary between Generation Companies and consumers. In the medium time horizon, in order to gain market share, he has to minimize his selling price while looking at the profit, which is dependent on the revenues from selling and the costs to buy energy from forward contracts and participation in the market pool. In this paper, the two competing objectives are engaged proposing a new multi-objective framework in which a ε-constraint mathematical technique is used to produce the Pareto front (set of optimal solutions). The stochasticity of energy prices in the market and customer load demand are coped with the Lattice Monte Carlo Simulation (LMCS) and the method of the roulette wheel, which allow the stochastic multi-objective problem to be turned into a set of deterministic equivalents. The method performance is tested into some case studies

  11. Technological Developments and their Effects on World Trade: Any Implications for Governments?

    OpenAIRE

    Aykut Kibritcioglu

    2001-01-01

    This paper summarizes new developments in world trade, technological changes worldwide and their implications for recent theoretical studies in economics. After defining the economic globalization and schematizing its relations with international trade, economic growth and technological change, dramatic increases in world trade in goods, services and financial assets in last decades are statistically documented in Chapter 2. Theoretical studies of economists on international trade and economi...

  12. The emotion-induced memory trade-off: more than an effect of overt attention?

    Science.gov (United States)

    Steinmetz, Katherine R Mickley; Kensinger, Elizabeth A

    2013-01-01

    Although it has been suggested that many effects of emotion on memory are attributable to attention, in the present study we addressed the hypothesis that such effects may relate to a number of different factors during encoding or postencoding. One way to look at the effects of emotion on memory is by examining the emotion-induced memory trade-off, whereby enhanced memory for emotional items often comes at the cost of memory for surrounding background information. We present evidence that this trade-off cannot be explained solely by overt attention (measured via eyetracking) directed to the emotional items during encoding. Participants did not devote more overt attention to emotional than to neutral items when those items were selectively remembered (at the expense of their backgrounds). Only when participants were asked to answer true/false questions about the items and the backgrounds--a manipulation designed to affect both overt attention and poststimulus elaboration--was there a reduction in selective emotional item memory due to an increase in background memory. These results indicate that the allocation of overt visual attention during encoding is not sufficient to predict the occurrence of selective item memory for emotional items.

  13. Quantitative Estimation of the Climatic Effects of Carbon Transferred by International Trade.

    Science.gov (United States)

    Wei, Ting; Dong, Wenjie; Moore, John; Yan, Qing; Song, Yi; Yang, Zhiyong; Yuan, Wenping; Chou, Jieming; Cui, Xuefeng; Yan, Xiaodong; Wei, Zhigang; Guo, Yan; Yang, Shili; Tian, Di; Lin, Pengfei; Yang, Song; Wen, Zhiping; Lin, Hui; Chen, Min; Feng, Guolin; Jiang, Yundi; Zhu, Xian; Chen, Juan; Wei, Xin; Shi, Wen; Zhang, Zhiguo; Dong, Juan; Li, Yexin; Chen, Deliang

    2016-06-22

    Carbon transfer via international trade affects the spatial pattern of global carbon emissions by redistributing emissions related to production of goods and services. It has potential impacts on attribution of the responsibility of various countries for climate change and formulation of carbon-reduction policies. However, the effect of carbon transfer on climate change has not been quantified. Here, we present a quantitative estimate of climatic impacts of carbon transfer based on a simple CO2 Impulse Response Function and three Earth System Models. The results suggest that carbon transfer leads to a migration of CO2 by 0.1-3.9 ppm or 3-9% of the rise in the global atmospheric concentrations from developed countries to developing countries during 1990-2005 and potentially reduces the effectiveness of the Kyoto Protocol by up to 5.3%. However, the induced atmospheric CO2 concentration and climate changes (e.g., in temperature, ocean heat content, and sea-ice) are very small and lie within observed interannual variability. Given continuous growth of transferred carbon emissions and their proportion in global total carbon emissions, the climatic effect of traded carbon is likely to become more significant in the future, highlighting the need to consider carbon transfer in future climate negotiations.

  14. Quantitative Estimation of the Climatic Effects of Carbon Transferred by International Trade

    Science.gov (United States)

    Wei, Ting; Dong, Wenjie; Moore, John; Yan, Qing; Song, Yi; Yang, Zhiyong; Yuan, Wenping; Chou, Jieming; Cui, Xuefeng; Yan, Xiaodong; Wei, Zhigang; Guo, Yan; Yang, Shili; Tian, Di; Lin, Pengfei; Yang, Song; Wen, Zhiping; Lin, Hui; Chen, Min; Feng, Guolin; Jiang, Yundi; Zhu, Xian; Chen, Juan; Wei, Xin; Shi, Wen; Zhang, Zhiguo; Dong, Juan; Li, Yexin; Chen, Deliang

    2016-06-01

    Carbon transfer via international trade affects the spatial pattern of global carbon emissions by redistributing emissions related to production of goods and services. It has potential impacts on attribution of the responsibility of various countries for climate change and formulation of carbon-reduction policies. However, the effect of carbon transfer on climate change has not been quantified. Here, we present a quantitative estimate of climatic impacts of carbon transfer based on a simple CO2 Impulse Response Function and three Earth System Models. The results suggest that carbon transfer leads to a migration of CO2 by 0.1-3.9 ppm or 3-9% of the rise in the global atmospheric concentrations from developed countries to developing countries during 1990-2005 and potentially reduces the effectiveness of the Kyoto Protocol by up to 5.3%. However, the induced atmospheric CO2 concentration and climate changes (e.g., in temperature, ocean heat content, and sea-ice) are very small and lie within observed interannual variability. Given continuous growth of transferred carbon emissions and their proportion in global total carbon emissions, the climatic effect of traded carbon is likely to become more significant in the future, highlighting the need to consider carbon transfer in future climate negotiations.

  15. The Effect of Trade Openness and Income on the Size of a Government

    Directory of Open Access Journals (Sweden)

    Taner TURAN

    2016-02-01

    Full Text Available This paper examines the effect of trade openness and per capita GDP on the size of government for Turkey and South Korea by means of ARDL approach to co-integration. We use different proxies to measure the size of government because not all measures of government size are appropriate to be employed in the estimates. Among the three (four different measures of government size of Korea (Turkey, only one for each country has a co-integrating relationship with openness and per capita GDP. Long run coeffi cients suggest that per capita GDP has a positive and signifi cant effect on the government sizes for Turkey and Korea, implying the validity of the Wagner’s law. However, while openness has a negative effect on government size for Turkey, it has a positive effect for Korea. Our results clearly highlight the importance of choosing an appropriate proxy for government size to reach robust and consistent results.

  16. Effects of static electricity and fabrication parameters on PVDF film ...

    Indian Academy of Sciences (India)

    2018-03-28

    Mar 28, 2018 ... Degree of crystallinity and β-phase fraction are important factors in ... performance. In the present work, effects of intrinsic static electricity, substrate type, PVDF ... the best electroactive properties among all polymers [1] and.

  17. Effect of External Electric Field Stress on Gliadin Protein Conformation

    OpenAIRE

    Singh, Ashutosh; Munshi, Shirin; Raghavan, Vijaya

    2013-01-01

    A molecular dynamic (MD) modeling approach was applied to evaluate the effect of external electric field on gliadin protein structure and surface properties. Static electric field strengths of 0.001 V/nm and 0.002 V/nm induced conformational changes in the protein but had no significant effect on its surface properties. The study of hydrogen bond evolution during the course of simulation revealed that the root mean square deviation, radius of gyration and secondary structure formation, all de...

  18. Input-output analysis of CO2 emissions embodied in trade. The effects of spatial aggregation

    International Nuclear Information System (INIS)

    Su, Bin; Ang, B.W.

    2010-01-01

    Energy-related CO 2 emissions embodied in international trade have been widely studied by researchers using the environmental input-output analysis framework. It is well known that both sector aggregation and spatial aggregation affect the results obtained in such studies. With regard to the latter, past studies are often conducted at the national level irrespective of country or economy size. For a large economy with the needed data, studies may be conducted at different levels of spatial aggregation. We examine this problem analytically by extending the work of Su et al. ([Su, B., Huang, H.C., Ang, B.W., Zhou, P., 2010. Input-output analysis of CO 2 emissions embodied in trade: The effects of sector aggregation. Energy Economics 32 (1), 166-175.]) on sector aggregation. We present a numerical example using the data of China and by dividing the country into eight regions. It is found that the results are highly dependent on spatial aggregation. Our study shows that for a large country like China it is meaningful to look into the effect of spatial aggregation. (author)

  19. Analysis of Right Issue Announcement Effect toward Stock Price Movement and Stock Trading Volume within Issuer in Indonesia Stock Exchange

    Directory of Open Access Journals (Sweden)

    Wilson Yaputra Yakup

    2016-05-01

    Full Text Available The purpose of this study were to identify and analyze the rights issue effect to the stock price, the effect of the rights issue on stock trading volume, the correlation between stock prices before and after the right issue, as well as the correlation between volume of trading activity before the right issue and after that event. The objects of the study are the companies listed on Indonesia Stock Exchange (JSX. The hypothesis stated that right issues have a significant effect on stock price on companies listed on the JSX, rights issues have a significant effect on the stock trading volume on companies listed on the JSX, there is a significant correlation between stock price before and after the rights issue on companies listed in JSX, there is a significant correlation between volume of the stock trading before the rights issue and after that event. Data analysis used were descriptive statistics, simple linear regression analysis and paired t-test. Hypothesis testing was performed by using the Pearson correlation test with significance level of 5%. The results show that the right issue has a positive effect but not significant toward stock prices of companies listed in JSX, right issue has a negative effect and not significant toward the trading volume activity (TVA on companies listed in JSX.

  20. Additive versus multiplicative trade costs and the gains from trade

    DEFF Research Database (Denmark)

    Sørensen, Allan

    This paper addresses welfare effects from trade liberalization in a heterogeneous-fi…rms trade model including the empirically important per-unit (i.e. additive) trade costs in addition to the conventional iceberg (i.e. multiplicative) and fi…xed trade costs. The novel contribution of the paper...... is the result that the welfare gain for a given increase in trade openness is higher for reductions in per-unit (additive) trade costs than for reductions in iceberg (multiplicative) trade costs. The ranking derives from differences in intra-industry reallocations and in particular from dissimilar impacts...

  1. Estimating the elasticity of trade: the trade share approach

    OpenAIRE

    Mauro Lanati

    2013-01-01

    Recent theoretical work on international trade emphasizes the importance of trade elasticity as the fundamental statistic needed to conduct welfare analysis. Eaton and Kortum (2002) proposed a two-step method to estimate this parameter, where exporter fixed effects are regressed on proxies for technology and wages. Within the same Ricardian model of trade, the trade share provides an alternative source of identication for the elasticity of trade. Following Santos Silva and Tenreyro (2006) bot...

  2. Trading of the electric power originated at biomass - regulatory incentives in the new electric sector model; Comercializacao de energia eletrica proveniente de biomassa. Incentivos regulatorios no novo modelo do setor eletrico

    Energy Technology Data Exchange (ETDEWEB)

    Mariotoni, Carlos Alberto [Universidade Estadual de Campinas (UNICAMP), Campinas, SP (Brazil). Faculdade de Engenharia Civil, Arquitetura e Urbanismo. Grupo de Planejamento Energeticos e Sistemas Eletricos]. E-mail: cam@fec.unicamp.br; Agapito, Cassiano Augusto; Lima, Rodrigo Alves [AES Tiete S.A., Sao Paulo, SP (Brazil)]. E-mails: cassiano.agapito@aes.com; rodrigoa.lima@aes.com

    2006-07-01

    Brazil offers excellent conditions to produce and use biomass as fuel in large scale. The electric energy generation from biomass presents a huge potential, however it is poorly explored up to this moment. Among the prime reasons by the lack of investments in that sector are the institutional obstacles and the risk aversion of investors who have a different focus in business and have difficulty to understand the complex market rules. The Brazilian government shows interest in increase the share of that source in the national installed capacity, since various social and environmental advantages, besides supplementary between the hydraulic and biomass inventory. The regulation changes since the law 10,848/04 and the decree 5,163/04 modify the structure of the electrical energy market and brought some incentives to the sells of the energy deriving from biomass. The possibility of trade your capacity, the annual Physical Guarantee definition and the reduction on transmission and distribution costs will be the center of our discussion. (author)

  3. Inducing low-carbon investment in the electric power industry through a price floor for emissions trading

    International Nuclear Information System (INIS)

    Brauneis, Alexander; Mestel, Roland; Palan, Stefan

    2013-01-01

    Uncertainty about long-term climate policy is a major driving force in the evolution of the carbon market price. Since this price enters the investment decision process of regulated firms, this uncertainty increases the cost of capital for investors and might deter investments into new technologies at the company level. We apply a real options-based approach to assess the impact of climate change policy in the form of a constant or growing price floor on investment decisions of a single firm in a competitive environment. This firm has the opportunity to switch from a high-carbon “dirty” technology to a low-carbon “clean” technology. Using Monte Carlo simulation and dynamic programming techniques for real data, we determine the optimal CO 2 price floor level and growth rate in order to induce investments into the low-carbon technology. We find that a carbon price floor can be used to induce earlier low-carbon technology investment and show this result to be robust to a large variety of input parameter settings. - Highlights: ► We model the investment decision of an electricity generating company. ► The company can invest in low and high carbon technologies. ► We investigate different carbon price floor designs. ► A carbon price floor leads to earlier investment into low-carbon technology.

  4. 78 FR 54677 - Trade, Investment, and Industrial Policies in India: Effects on the U.S. Economy; Institution of...

    Science.gov (United States)

    2013-09-05

    ... Policies in India: Effects on the U.S. Economy; Institution of Investigation and Scheduling of Hearing... investigation No. 332-543, Trade, Investment, and Industrial Policies in India: Effects on the U.S. Economy... supporting Indian domestic industries, and the effect that those barriers have on the U.S. economy and U.S...

  5. Beyond size–number trade-offs: clutch size as a maternal effect

    Science.gov (United States)

    Brown, Gregory P.; Shine, Richard

    2009-01-01

    Traditionally, research on life-history traits has viewed the link between clutch size and offspring size as a straightforward linear trade-off; the product of these two components is taken as a measure of maternal reproductive output. Investing more per egg results in fewer but larger eggs and, hence, offspring. This simple size–number trade-off has proved attractive to modellers, but our experimental studies on keelback snakes (Tropidonophis mairii, Colubridae) reveal a more complex relationship between clutch size and offspring size. At constant water availability, the amount of water taken up by a snake egg depends upon the number of adjacent eggs. In turn, water uptake affects hatchling size, and therefore an increase in clutch size directly increases offspring size (and thus fitness under field conditions). This allometric advantage may influence the evolution of reproductive traits such as growth versus reproductive effort, optimal age at female maturation, the body-reserve threshold required to initiate reproduction and nest-site selection (e.g. communal oviposition). The published literature suggests that similar kinds of complex effects of clutch size on offspring viability are widespread in both vertebrates and invertebrates. Our results also challenge conventional experimental methodologies such as split-clutch designs for laboratory incubation studies: by separating an egg from its siblings, we may directly affect offspring size and thus viability. PMID:19324614

  6. Electric field and temperature effects in irradiated MOSFETs

    Energy Technology Data Exchange (ETDEWEB)

    Silveira, M. A. G., E-mail: marcilei@fei.edu.br; Santos, R. B. B.; Leite, F. G.; Araújo, N. E.; Cirne, K. H.; Melo, M. A. A.; Rallo, A. [Centro Universitário da FEI, São Bernardo do Campo, S.P. (Brazil); Aguiar, Vitor A. P.; Aguirre, F.; Macchione, E. L. A.; Added, N.; Medina, N. H. [Instituto de Física da USP, São Paulo, S.P. (Brazil)

    2016-07-07

    Electronic devices exposed to ionizing radiation exhibit degradation on their electrical characteristics, which may compromise the functionality of the device. Understanding the physical phenomena responsible for radiation damage, which may be specific to a particular technology, it is of extreme importance to develop methods for testing and recovering the devices. The aim of this work is to check the influence of thermal annealing processes and electric field applied during irradiation of Metal Oxide Semiconductor Field Effect Transistors (MOSFET) in total ionizing dose experiments analyzing the changes in the electrical parameters in these devices.

  7. Reversing the picture superiority effect: a speed-accuracy trade-off study of recognition memory.

    Science.gov (United States)

    Boldini, Angela; Russo, Riccardo; Punia, Sahiba; Avons, S E

    2007-01-01

    Speed-accuracy trade-off methods have been used to contrast single- and dual-process accounts of recognition memory. With these procedures, subjects are presented with individual test items and required to make recognition decisions under various time constraints. In three experiments, we presented words and pictures to be intentionally learned; test stimuli were always visually presented words. At test, we manipulated the interval between the presentation of each test stimulus and that of a response signal, thus controlling the amount of time available to retrieve target information. The standard picture superiority effect was significant in long response deadline conditions (i.e., > or = 2,000 msec). Conversely, a significant reverse picture superiority effect emerged at short response-signal deadlines (< 200 msec). The results are congruent with views suggesting that both fast familiarity and slower recollection processes contribute to recognition memory. Alternative accounts are also discussed.

  8. Labor demand effects of rising electricity prices: Evidence for Germany

    International Nuclear Information System (INIS)

    Cox, Michael; Peichl, Andreas; Pestel, Nico; Siegloch, Sebastian

    2014-01-01

    Germany continues to play a pioneering role in replacing conventional power plants with renewable energy sources. While this might be beneficial with respect to environmental quality, it also implies increasing electricity prices. The extent to which this is associated with negative impacts on employment depends on the interrelationship between labor and electricity as input factors in the production process. In this paper, we estimate cross-price elasticities between electricity and heterogeneous labor for the German manufacturing sector. We use administrative linked employer–employee micro-data combined with information on sector-level electricity prices and usage over the period 2003–2007. We find positive, but small conditional cross-price elasticities of labor demand with respect to electricity prices, which means that electricity as an input factor can be replaced by labor to a limited extent when the production level is held constant. In the case of adjustable output, we find negative unconditional cross-price elasticities, implying that higher electricity prices lead to output reductions and to lower labor demand, with low- and high-skilled workers being affected more than medium-skilled. Resulting adverse distributional effects and potential overall job losses may pose challenges for policy-makers in securing public support for the German energy turnaround. - Highlights: • We estimate cross-price elasticities for electricity and labor in manufacturing. • We use linked employer–employee micro-data from Germany for 2003 to 2007. • We find a weak substitutability between electricity and labor for constant output. • We find complementarity between electricity and labor for adjustable output. • Low- and high-skilled workers are more affected than medium-skilled

  9. The IFIEC method for the allocation of CO2 allowances in the EU emissions trading scheme : a review applied to the electricity sector

    NARCIS (Netherlands)

    Wesselink, B.; Klaus, S.; Gilbert, A.; Blok, K.

    2008-01-01

    IFIEC Europe has developed an alternative allocation methodology for EU-ETS which aims at achieving the ETS climate targets while minimizing the adverse effects on EU industry’s competitive position. The current study reviews an application of this method to the EU-ETS electricity sector. We show

  10. Wind energy and electricity prices. Exploring the 'merit order effect'

    International Nuclear Information System (INIS)

    Morthost, P.E.; Ray, S.; Munksgaard, J.; Sinner, A.F.

    2010-04-01

    This report focuses on the effect of wind energy on the electricity price in the power market. As the report will discuss, adding wind into the power mix has a significant influence on the resulting price of electricity, the so called merit order effect (MOE). The merit order effect has been quantified and discussed in many scientific publications. This report ends the first phase of a study on the MOE, evaluating the impact of EWEA's 2020 scenarios on future European electricity prices. The basic principles of the merit order effect are provided in the first part of the document. The literature review itself contains methods and tools not only to quantify the merit order effect but also in order to forecast its future range and volume.

  11. Effect of Electric Field on Outwardly Propagating Spherical Flame

    KAUST Repository

    Mannaa, Ossama

    2012-06-01

    The thesis comprises effects of electric fields on a fundamental study of spheri­cal premixed flame propagation.Outwardly-propagating spherical laminar premixed flames have been investigated in a constant volume combustion vessel by applying au uni-directional electric potential.Direct photography and schlieren techniques have been adopted and captured images were analyzed through image processing. Unstretched laminar burning velocities under the influence of electric fields and their associated Markstein length scales have been determined from outwardly prop­agating spherical flame at a constant pressure. Methane and propane fuels have been tested to assess the effect of electric fields on the differential diffusion of the two fuels.The effects of varying equivalence ratios and applied voltages have been in­vestigated, while the frequency of AC was fixed at 1 KHz. Directional propagating characteristics were analyzed to identify the electric filed effect. The flame morphology varied appreciably under the influence of electric fields which in turn affected the burning rate of mixtures.The flame front was found to propagate much faster toward to the electrode at which the electric fields were supplied while the flame speeds in the other direction were minimally influenced. When the voltage was above 7 KV the combustion is markedly enhanced in the downward direction since intense turbulence is generated and as a result the mixing process or rather the heat and mass transfer within the flame front will be enhanced.The com­bustion pressure for the cases with electric fields increased rapidly during the initial stage of combustion and was relatively higher since the flame front was lengthened in the downward direction.

  12. Trading stages

    DEFF Research Database (Denmark)

    Steiner, Uli; Tuljapurkar, Shripad; Coulson, Tim

    2012-01-01

    Interest in stage-and age structured models has recently increased because they can describe quantitative traits such as size that are left out of age-only demography. Available methods for the analysis of effects of vital rates on lifespan in stage-structured models have not been widely applied ...... examples. Much of our approach relies on trading of time and mortality risk in one stage for time and risk in others. Our approach contributes to the new framework of the study of age- and stage-structured biodemography....

  13. The European electricity market. What are the effects of market power on prices and the environment? Keywords: Electricity market; liberalisation; market power; game theory; environmental impacts; Northwestern Europe

    International Nuclear Information System (INIS)

    Lise, W.

    2005-07-01

    This paper presents a static computational game theoretic COMPETES model. This model is used to study the economic and environmental effects of the liberalisation of the European electricity market. The COMPETES model takes strategic interaction into account. The model is calibrated to four European countries: Belgium, France, Germany and the Netherlands. To analyse the impact of emission trading, a fixed permit price per tonne CO2 emissions is introduced. The effects are studied under different market structures depending on the ability of firms to exercise market power. The results indicate that the effects of liberalisation depend on the resulting market structure, while a reduction in market power of large producers may be beneficial for the consumer (i.e. lower prices), this is not necessarily true for the environment (i.e. lower reduction in CO2 emissions)

  14. Effects of a static electric field on nonsequential double ionization

    International Nuclear Information System (INIS)

    Li Hongyun; Wang Bingbing; Li Xiaofeng; Fu Panming; Chen Jing; Liu Jie; Jiang Hongbing; Gong Qihuang; Yan Zongchao

    2007-01-01

    Using a three-dimensional semiclassical method, we perform a systematic analysis of the effects of an additional static electric field on nonsequential double ionization (NSDI) of a helium atom in an intense, linearly polarized laser field. It is found that the static electric field influences not only the ionization rate, but also the kinetic energy of the ionized electron returning to the parent ion, in such a way that, if the rate is increased, then the kinetic energy of the first returning electron is decreased, and vice versa. These two effects compete in NSDI. Since the effect of the static electric field on the ionization of the first electron plays a more crucial role in the competition, the symmetric double-peak structure of the He 2+ momentum distribution parallel to the polarization of the laser field is destroyed. Furthermore, the contribution of the trajectories with multiple recollisions to the NSDI is also changed dramatically by the static electric field. As the static electric field increases, the trajectories with two recollisions, which start at the time when the laser and the static electric field are in the same direction, become increasingly important for the NSDI

  15. The Effect of the Post 2001 Reforms on FMD Risks of the International Live Animal Trade.

    Science.gov (United States)

    Shanafelt, David W; Perrings, C

    2018-02-27

    The 2001 UK foot and mouth disease (FMD) epidemic marked a change in global FMD management, focusing less on trade isolation than on biosecurity within countries where FMD is endemic. Post 2001 policy calls for the isolation of disease-free zones in FMD-endemic countries, while increasing the opportunities for trade. The impact of the change on disease risk has yet to be tested. In this paper, we estimate an empirical model of disease risk that tests for the impact of trade volumes before and after 2001, controlling for biosecurity measures. In the pre 2001 regime, we find that poor biosecurity was associated with the probability of reporting an outbreak. In the post 2001 regime, the risks changed, with trade being a much greater source of risk. We discuss the trade-off between trade restrictions and biosecurity measures in the management of FMD disease risks.

  16. The effect of electricity prices on industry in Germany

    International Nuclear Information System (INIS)

    Roepenack, A. von

    1992-01-01

    The contribution gives a survey of the general consumption of electricity in the (former) Federal Republic of Germany from 1980 until 1990 and illustrates the effect of electricity prices on industry - safety of the site, competition, influences on prices for electricity, intensity of electricity, comparison to gross increase in value. In addition, the influence of politics on electricity prices is examined. Among other things, we owe the success of our industry on the international market to the increase in our use of electric power. This is the basis of our success in rationalization and our status on the world market. The dependency of industry and industrial products on this form of energy has increased and will continue to do so. Thus the politicians have little room to act if they do not want to influence industry in a negative way. On the basis of the situation described here, electricity prices which are competitive internationally are an essential prerequisite for the future of our economy. (orig./HSCH) [de

  17. The Effects of Protection on the Factor Content of Japanese and American Foreign Trade.

    OpenAIRE

    Staiger, Robert W; Deardorff, Alan V; Stern, Robert M

    1988-01-01

    Data on pre-Tokyo Round tariffs and ad valorem approximations of nontariff barriers are used in the Michigan Computational Model of World Production and Trade to calculate changes in commodity trade attributable to protection in Japan and the United States. Data on factor requirements in production are then used to calculate the factor contents of these computed changes in trade. Results indicate that Japanese protection is more distortionary of factor markets in Japan and the United States t...

  18. The J-Curve Effect and the U.S. Agricultural Trade Balance

    OpenAIRE

    Colin A. Carter; Daniel H. Pick

    1989-01-01

    According to the J-curve theory, following a currency depreciation, there will be an initial deterioration of the trade balance before an improvement is realized. This paper finds empirical evidence indicating the first segment of the J-curve does exist for the U.S. agricultural trade balance. A 10% depreciation of the U.S. dollar is estimated to lead a deterioration of the agricultural trade balance that will last for about nine months.

  19. On the Conflict Mitigating Effects of Trade: The India-Pakistan Case

    OpenAIRE

    Mamoon, Dawood; S. Mansoob, Murshed

    2008-01-01

    We examine whether greater inter-state trade, democracy and reduced military spending lower belligerence between India and Pakistan. We begin with theoretical models covering the opportunity costs of conflict in terms of trade losses and security spending, as well as the costs of making concessions to rivals. Conflict between the two nations can be best understood in a multivariate framework where variables such as economic performance, integration with rest of the world, bilateral trade, mil...

  20. Trade creation and trade diversion in the Canada - United States Free Trade Agreement

    OpenAIRE

    Kimberly A. Clausing

    2001-01-01

    In this paper the changes in trade patterns introduced by the Canada-United States Free Trade Agreement are examined. Variation in the extent of tariff liberalization under the agreement is used to identify the impact of tariff liberalization on the growth of trade both with member countries and non-member countries. Data at the commodity level are used, and the results indicate that the Canada-United States Free Trade Agreement had substantial trade creation effects, with little evidence of ...

  1. Insider trading

    International Nuclear Information System (INIS)

    Maslechko, W.S.

    1998-01-01

    The policy arguments for and against prohibiting insider trading within the petroleum industry are discussed. Legal definitions of all relevant terms (e.g. 'special relationship' 'tippees', 'material facts', material changes' 'generally disclosed' information', 'necessary course of business') are provided. Enforcement of insider trading/tipping prohibitions are also defined. The recommended practice is: do not trade; do not tell or advise; encourage timely disclosure; do not speculate; implement a corporate disclosure and trading policy

  2. Analysis of effective electrical parameters for CFETR vacuum vessel

    Energy Technology Data Exchange (ETDEWEB)

    Liu, Xufeng; Xu, Weiwei, E-mail: wwxu@ipp.ac.cn; Du, Shuangsong; Zheng, Jinxing

    2016-11-15

    Highlights: • The eddy current distribution and variation of CFETR vacuum vessel during plasma disruption have been calculated. • Effective electrical parameters can be derived from the eddy current characters. • The method for eddy current and effective electrical parameters is suit for the complex shell with arbitrary shape. - Abstract: The electrical parameters of CFETR (China Fusion Engineering Test Reactor) vacuum vessel are very important to the design of control system and power supply system. Effective electrical parameters are relevant to the dynamic of eddy current. For complex structure, the distribution of eddy current can’t be obtained by analytical form. A method is presented to solve the eddy current of the vacuum vessel in this paper. The effective electrical parameters can be got from the eddy current distribution and variation. The time constant of the CFETR vacuum vessel is derived from the decay characteristics of the eddy current. And the effective resistance and inductance can be derived from the viewpoint of energy for a certain distribution of eddy current.

  3. Potential Trade Effects of Adding Vietnam to the Generalized System of Preferences Program

    National Research Council Canada - National Science Library

    Martin, Michael F; Jones, Vivian C

    2008-01-01

    .... The GSP statute provides the President with the authority to designate any country a beneficiary developing country, provided the country complies with various trade policy and labor conditions...

  4. On the effectiveness of the anti-gaming policy between the day-ahead and real-time electricity markets in The Netherlands

    Energy Technology Data Exchange (ETDEWEB)

    Boogert, A. [Essent Energy Trading (Netherlands); Dupont, D. [University of Twente (Netherlands). School of Business, Public Administration and Technology

    2005-09-01

    In the paper, we study the linkage between two related markets for electricity in The Netherlands: the day-ahead market and the real-time market. The Dutch regulator wants to prevent trading across these two markets and has set up a dual pricing system for this purpose. In this paper, we test the effectiveness of this policy by studying the ex post profitability of trading strategies spanning the two markets over various time segments. Our results show that profits generated by these strategies are rarely positive on average and always characterized by very large potential losses, which dwarf the mean profit when the latter is positive. (author)

  5. On the effectiveness of the anti-gaming policy between the day-ahead and real-time electricity markets in The Netherlands

    International Nuclear Information System (INIS)

    Boogert, A.; Dupont, D.

    2005-01-01

    In the paper, we study the linkage between two related markets for electricity in The Netherlands: the day-ahead market and the real-time market. The Dutch regulator wants to prevent trading across these two markets and has set up a dual pricing system for this purpose. In this paper, we test the effectiveness of this policy by studying the ex post profitability of trading strategies spanning the two markets over various time segments. Our results show that profits generated by these strategies are rarely positive on average and always characterized by very large potential losses, which dwarf the mean profit when the latter is positive. (author)

  6. Input-output analysis of CO2 emissions embodied in trade. The effects of sector aggregation

    International Nuclear Information System (INIS)

    Su, Bin; Huang, H.C.; Ang, B.W.; Zhou, P.

    2010-01-01

    Energy-related CO 2 emissions embodied in international trade have been widely studied by researchers using the input-output analysis framework. These studies are often conducted at a specific level of sector aggregation and the choice made to a large extent is dictated by economic and energy data availability. We investigate analytically the possible effects of sector aggregation on the study results. We conduct empirical studies using the data of China and Singapore where energy-related CO 2 emissions embodied in their exports are estimated at different levels of sector aggregation. A finding from the studies is that levels around 40 sectors appear to be sufficient to capture the overall share of emissions embodied in a country's exports. Another finding is that in approximating the 'ideal' situation the hybrid data treatment approach produces better results than the uniformly distributed data treatment approach. Other findings and some recommendations are also presented. (author)

  7. Effect of the radial electric field on turbulence

    International Nuclear Information System (INIS)

    Carreras, B.A.; Lynch, V.E.

    1990-01-01

    For many years, the neoclassical transport theory for three- dimensional magnetic configurations, such as magnetic mirrors, ELMO Bumpy Tori (EBTs), and stellarators, has recognized the critical role of the radial electric field in the confinement. It was in these confinement devices that the first experimental measurements of the radial electric field were made and correlated with confinement losses. In tokamaks, the axisymmetry implies that the neoclassical fluxes are ambipolar and, as a consequence, independent of the radial electric field. However, axisymmetry is not strict in a tokamak with turbulent fluctuations, and near the limiter ambipolarity clearly breaks down. Therefore, the question of the effect of the radial electric field on tokamak confinement has been raised in recent years. In particular, the radial electric field has been proposed to explain the transition from L-mode to H-mode confinement. There is some initial experimental evidence supporting this type of explanation, although there is not yet a self-consistent theory explaining the generation of the electric field and its effect on the transport. Here, a brief review of recent results is presented. 27 refs., 4 figs

  8. Measuring the Information Content of Stock Trades.

    OpenAIRE

    Hasbrouck, Joel

    1991-01-01

    This paper suggests that the interactions of security trades and quote revisions be modeled as a vector autoregressive system. Within this framework, a trade's information effect may be meaningfully measured as the ultimate price impact of the trade innovation. Estimates for a sample of NYSE issues suggest a trade's full price impact arrives only with a protracted lag; the impact is a positive and concave function of the trade size; large trades cause the spread to widen; trades occurring in ...

  9. Energy forum 92: Efficiency, trade and the environment

    Energy Technology Data Exchange (ETDEWEB)

    1992-01-01

    In 1992 B.C. Hydro's annual Electric Energy Forum was held in conjunction with the National Energy Forum to provide an opportunity for delegates from utilities, government, industry, international development agencies, environmental groups, universities and interested members of the public to discuss major energy issues of today and tomorrow. Three main themes were addressed: Efficiency (the latest developments in energy-efficient technologies and their role in sustainable development), trade (strategies for trade in energy and related technologies), and environment (the effects of energy production, use and trade on the local, regional and global environment). This document presents opening remarks, speeches presented, and panel discussions.

  10. Effects of repetition and temperature on Contingent Electrical Stimulation

    DEFF Research Database (Denmark)

    Castrillon, Eduardo E.; Zhou, Xinwen; Svensson, Peter

    ) activity associated with bruxism. Repetition of the electrical stimulus and skin surface temperature (ST) may affect the perception of CES and possibly also the inhibitory EMG effects.Objectives: To determine the effects of stimulus repetition and skin ST on the perception of CES.  Methods: Healthy...

  11. Modelling the electrical properties of concrete for shielding effectiveness prediction

    International Nuclear Information System (INIS)

    Sandrolini, L; Reggiani, U; Ogunsola, A

    2007-01-01

    Concrete is a porous, heterogeneous material whose abundant use in numerous applications demands a detailed understanding of its electrical properties. Besides experimental measurements, material theoretical models can be useful to investigate its behaviour with respect to frequency, moisture content or other factors. These models can be used in electromagnetic compatibility (EMC) to predict the shielding effectiveness of a concrete structure against external electromagnetic waves. This paper presents the development of a dispersive material model for concrete out of experimental measurement data to take account of the frequency dependence of concrete's electrical properties. The model is implemented into a numerical simulator and compared with the classical transmission-line approach in shielding effectiveness calculations of simple concrete walls of different moisture content. The comparative results show good agreement in all cases; a possible relation between shielding effectiveness and the electrical properties of concrete and the limits of the proposed model are discussed

  12. BP's emissions trading system

    International Nuclear Information System (INIS)

    Victor, David G.; House, Joshua C.

    2006-01-01

    Between 1998 and 2001, BP reduced its emissions of greenhouse gases by more than 10%. BP's success in cutting emissions is often equated with its use of an apparently market-based emissions trading program. However no independent study has ever examined the rules and operation of BP's system and the incentives acting on managers to reduce emissions. We use interviews with key managers and with traders in several critical business units to explore the bound of BP's success with emissions trading. No money actually changed hands when permits were traded, and the main effect of the program was to create awareness of money-saving emission controls rather than strong price incentives. We show that the trading system did not operate like a 'textbook' cap and trade scheme. Rather, the BP system operated much like a 'safety valve' trading system, where managers let the market function until the cost of doing so surpassed what the company was willing to tolerate

  13. The conflict mitigating effects of trade in the India-Pakistan case

    NARCIS (Netherlands)

    D. Mamoon (Dawood); S.M. Murshed (Syed)

    2010-01-01

    textabstractAbstract We examine whether greater inter-state trade, democracy and reduced military spending lower belligerence between India and Pakistan, beginning with a theoretical model covering the opportunity costs of conflict in terms of trade losses and security spending, as well as the costs

  14. Trade liberalization in the south east Europe: Effects and controversial issues

    Directory of Open Access Journals (Sweden)

    Pjerotić Ljiljana

    2008-01-01

    Full Text Available Included in the regional cooperation of SEE countries, trade liberalization is considered the most important factor of a sustainable economic growth which should contribute to the mutual trade among SEE countries, growth of the foreign direct investments, further production specialization and export structure change. Countries of the region have accepted liberalization as one of the conditions of the Stabilization and Association Process (SAP, hoping, each of them individually, that in that way they would improve proper position. Creating a free trade area will contribute to a further increase of intra-regional trade flows, but it shouldn't be expected that the relative importance of mutual exchange will prevail the importance which EU has for the SEE countries, except Moldova. Paper is divided into five sections. After the introduction, the trade liberalization process in the SEE region is explained in the second part (section 2. The third section analyses actual intra-regional trade flows and SEE countries trade relations with the EU (section 3. Some controversial issues raised in recent debates on trade liberalization in SEE are also discussed (section 4. The main conclusions are given at the end (section 5. .

  15. HVS effect in electric-power substations

    Energy Technology Data Exchange (ETDEWEB)

    Fernandez, F.F.

    1973-01-01

    A syndrome is described which the author calls the ''HVS effect'' (high-voltage substation) and affects persons working at substations where very high-voltage current is transformed and which disappears shortly after the end of the exposure. It is characterized by a feeling of tightness and oppression affecting the head, laxity and fatigue in the upper extremities and persistent insomnia; electroencephalograms show signs of cerebral pain. (Cis Abstr.)

  16. HVS effect in electric-power substations

    Energy Technology Data Exchange (ETDEWEB)

    Fernandez, F F

    1973-01-01

    A syndrome is described which the author calls the ''HVS effect'' (high-voltage substation) and affects persons working at substations where very high-voltage current is transformed and which disappears shortly after the end of the exposure. It is characterized by a feeling of tightness and oppression affecting the head, laxity and fatigue in the upper extremities and persistent insomnia; electroencephalograms show signs of cerebral pain. (Cis Abstr.)

  17. Lightning effects on electrical and nuclear equipment

    International Nuclear Information System (INIS)

    Gary, C.

    1986-01-01

    This paper gives the physical bases on which lightning protection of buildings and other erections such as nuclear power stations depend. To this end it first examines the impact phenomena of lightning, the operating systems of lightning conductors and methods of protection using metal mesh. It then describes various secondary effects of lightning, particularly those which occur inside buildings as a result of the potential rise in earthing systems and electromagnetic induction phenomena. 18 refs [fr

  18. Effects of hypothetical improvised nuclear detonation on the electrical infrastructure

    International Nuclear Information System (INIS)

    Barrett, Christopher L.; Eubank, Stephen; Evrenosoglu, C. Yaman; Marathe, Achla; Marathe, Madhav V.; Phadke, Arun; Thorp, James; Vullikanti, Anil

    2013-01-01

    We study the impacts of a hypothetical improvised nuclear detonation (IND) on the electrical infrastructure and its cascading effects on other urban inter-dependent infrastructures of a major metropolitan area in the US. We synthesize open source information, expert knowledge, commercial software and Google Earth data to derive a realistic electrical transmission and distribution network spanning the region. A dynamic analysis of the geo-located grid is carried out to determine the cause of malfunction of components, and their short-term and long-term effect on the stability of the grid. Finally a detailed estimate of the cost of damage to the major components of the infrastructure is provided.

  19. Effects of hypothetical improvised nuclear detonation on the electrical infrastructure

    Energy Technology Data Exchange (ETDEWEB)

    Barrett, Christopher L.; Eubank, Stephen; Evrenosoglu, C. Yaman; Marathe, Achla; Marathe, Madhav V.; Phadke, Arun; Thorp, James; Vullikanti, Anil [Virginia Tech, Blacksburg, VA (United States). Network Dynamics and Simulation Science Lab.

    2013-07-01

    We study the impacts of a hypothetical improvised nuclear detonation (IND) on the electrical infrastructure and its cascading effects on other urban inter-dependent infrastructures of a major metropolitan area in the US. We synthesize open source information, expert knowledge, commercial software and Google Earth data to derive a realistic electrical transmission and distribution network spanning the region. A dynamic analysis of the geo-located grid is carried out to determine the cause of malfunction of components, and their short-term and long-term effect on the stability of the grid. Finally a detailed estimate of the cost of damage to the major components of the infrastructure is provided.

  20. Reintroducing regulation? Consequences of the European directives for electricity trade (1228/2003) and gas trade (1775/2005) for the European internal power market; Verordnete Regulierung? Die Bedeutung der Stromhandelsverordnung / Verordnung (EG) Nr. 1228/2003 - und der Gashandelsverordnung - Verordnung (EG) Nr. 1775/2005 - fuer den europaeischen Energiebinnenmarkt

    Energy Technology Data Exchange (ETDEWEB)

    Kaiser, J.

    2007-07-01

    On 23 June 2003, the European Parliament and Council issued the directive on grid access for transfrontier electricity trading (EltHVO). It is part of a bundle of directives comprising also directives on electricity and natural gas trading (EltRL and GasRL). This marks the third and final state of unbundling of the European internal power market. In December 2003, the European Commission also announced the issuing of a directive on access to natural gas pipelines (GasHVO) which was issued on 28 September 2005 and came into force on 1 July 2006. While the European Parliament views the legislation as a key project for standardizing the European internal market, others see a danger of centralisation and standardisation of concrete regulation decisions. The publication investigates the consequences of the EltHVO and GAsHVO for the internal power market, especially with a view to the possible danger of centralisation. (orig.)

  1. Fringe effect of electrical capacitance and resistance tomography sensors

    International Nuclear Information System (INIS)

    Sun, Jiangtao; Yang, Wuqiang

    2013-01-01

    Because of the ‘soft-field’ nature, all electrical tomography sensors suffer from electric field distortion, i.e. the fringe effect. In electrical resistance tomography (ERT) sensors, small pin electrodes are commonly used. It is well known that the pin electrodes result in severe electric field distortion or the fringe effect, and the sensing region of such an ERT sensor spreads out of the pin electrode plane to a large volume. This is also true for electrical capacitance tomography (ECT) sensors, even though it is less severe because of larger electrodes and grounded end guards used. However, when the length of electrodes in an ECT sensor without guards is reduced to almost the same dimension as those in an ERT sensor, the fringe effect is equally obvious. To investigate the fringe effect of ERT and ECT sensors with and without guards, simulations were carried out with different length of electrodes and the results are compared with the corresponding 2D simulation. It is concluded that ECT and ERT sensors with longer electrodes have less fringe effect. Because grounded end guards are effective in reducing the fringe effect of ECT sensors, we propose to apply grounded guards in ERT sensors and integrate ECT and ERT sensors together. Simulation results reveal that ERT sensors with grounded guards have less fringe effect. While commonly current excitation is used with ERT sensors, we propose voltage excitation instead to apply the grounded guards. The feasibility of this approach has been verified by experiment. Finally, a common structure for reducing the fringe effect is proposed for ECT and ERT sensors for the first time to simplify the sensor structure and reduce the mutual interference in ECT/ERT dual-modality measurements. (paper)

  2. The effect of trade between China and the UK on national and global carbon dioxide emissions

    International Nuclear Information System (INIS)

    Li, You; Hewitt, C.N.

    2008-01-01

    We estimate the amount of carbon dioxide embodied in bi-lateral trade between the UK and China in 2004. Developing and applying the method of Shui and Harriss [2006. The role of CO 2 embodiment in US-China trade. Energy Policy 34, 4063-4068], the most recently available data on trade and CO 2 emissions have been updated and adjusted to calculate the CO 2 emissions embodied in the commodities traded between China and the UK. It was found that through trade with China, the UK reduced its CO 2 emissions by approximately 11% in 2004, compared with a non-trade scenario in which the same type and volume of goods are produced in the UK. In addition, due to the greater carbon-intensity and relatively less efficient production processes of Chinese industry, China-UK trade resulted in an additional 117 Mt of CO 2 to global CO 2 emissions in the same one year period, compared with a non-trade scenario in which the same type and volume of goods are produced in the UK. This represents an additional 19% to the reported national CO 2 emissions of the UK (555 Mt/y in 2004) and 0.4% of global emissions. These findings suggest that, through international trade, very significant environmental impacts can be shifted from one country to another, and that international trade can (but does not necessarily) result in globally increased greenhouse gas emissions. These results are additional to the environmental consequences of transporting goods, which are not robustly quantified here. (author)

  3. The Geometry of Nutrient Space-Based Life-History Trade-Offs: Sex-Specific Effects of Macronutrient Intake on the Trade-Off between Encapsulation Ability and Reproductive Effort in Decorated Crickets.

    Science.gov (United States)

    Rapkin, James; Jensen, Kim; Archer, C Ruth; House, Clarissa M; Sakaluk, Scott K; Castillo, Enrique Del; Hunt, John

    2018-04-01

    Life-history theory assumes that traits compete for limited resources, resulting in trade-offs. The most commonly manipulated resource in empirical studies is the quantity or quality of diet. Recent studies using the geometric framework for nutrition, however, suggest that trade-offs are often regulated by the intake of specific nutrients, but a formal approach to identify and quantify the strength of such trade-offs is lacking. We posit that trade-offs occur whenever life-history traits are maximized in different regions of nutrient space, as evidenced by nonoverlapping 95% confidence regions of the global maximum for each trait and large angles (θ) between linear nutritional vectors and Euclidean distances (d) between global maxima. We then examined the effects of protein and carbohydrate intake on the trade-off between reproduction and aspects of immune function in male and female Gryllodes sigillatus. Female encapsulation ability and egg production increased with the intake of both nutrients, whereas male encapsulation ability increased with protein intake but calling effort increased with carbohydrate intake. The trade-offs between traits was therefore larger in males than in females, as demonstrated by significant negative correlations between the traits in males, nonoverlapping 95% confidence regions, and larger estimates of θ and d. Under dietary choice, the sexes had similar regulated intakes, but neither optimally regulated nutrient intake for maximal trait expression. We highlight the fact that greater consideration of specific nutrient intake is needed when examining nutrient space-based trade-offs.

  4. Cross-border effects of capacity mechanisms in electricity markets

    International Nuclear Information System (INIS)

    Elberg, Christina

    2014-01-01

    To ensure security of supply in liberalized electricity markets, different types of capacity mechanisms are currently being debated or have recently been implemented in many European countries. The purpose of this study is to analyze the cross-border effects resulting from different choices on capacity mechanisms in neighboring countries. We consider a model with two connected countries that differ in the regulator's choice on capacity mechanism, namely strategic reserves or capacity payments. In both countries, competitive fi rms invest in generation capacity before selling electricity on the spot market. We characterize market equilibria and find the following main result: While consumers' costs may be the same under both capacity mechanisms in non-connected countries, we show that the different capacity mechanisms in interconnected countries induce redistribution effects. More precisely, we nd that consumers' costs are higher in countries in which reserve capacities are procured than in countries in which capacity payments are used to ensure the targeted reliable level of electricity.

  5. TradeWind Deliverable 5.1: Effects of increasing wind power penetration on the power flows in European grids

    DEFF Research Database (Denmark)

    Lemström, Bettina; Uski-Joutsenvuo, Sanna; Holttinen, Hannele

    2008-01-01

    This report presents the main activities and results of Work Package 5 – Effects of increasing wind power penetration on the power flows in European grids in the TradeWind project. VTT is the leader of Work Package 5 and carries the overall responsibility of this report. The work is based on power...... flow simulations with a grid and market model developed in TradeWind Work Package 3, led by Sintef Energy Research. VTT, Sintef Energy Research and Risø have carried out the simulations of the different scenarios, analysed the results and written Chapter 4 about the impact of wind power on cross...

  6. Conference Proceedings: Effectively utilizing energy derivatives in a deregulated electricity market

    International Nuclear Information System (INIS)

    1998-01-01

    This conference was devoted to a discussion about the likely impacts of deregulation on electricity markets in North America. Many of the presentations emphasized price risk in a competitive open access energy market. It was noted that deregulation is frequently associated with the creation of larger companies, higher risks and lower costs. Some of the individual topics addressed by the speakers included discussion of : (1) how underlying physical markets will work in Ontario, (2) experiences in derivative trading in the natural gas industry, (3) how to create value through multiple commodity risk management products, (4) trading with energy derivatives in the U.S. (5) how derivatives can add value for municipal electrical utilities, and (6) risk management mechanisms for energy derivative trading. refs., tabs., figs

  7. Mastering the Maestro: The Effective Maestro Asks Writers, Photographers, and Designers to Trade Places with Readers as They Plan.

    Science.gov (United States)

    Cripe, Dennis

    1998-01-01

    Considers two very different fictional high school newspaper editorships to see how the "maestro" process works. Notes that the process is a management technique similar to brainstorming but in which one person keeps the planning meeting focused. Suggests that the effective maestro asks writers, photographers, and designers to trade places with…

  8. Near-term hybrid vehicle program, phase 1. Appendix B: Design trade-off studies. [various hybrid/electric power train configurations and electrical and mechanical drive-line components

    Science.gov (United States)

    1979-01-01

    The relative attractiveness of various hybrid/electric power train configurations and electrical and mechanical drive-line components was studied. The initial screening was concerned primarily with total vehicle weight and economic factors and identified the hybrid power train combinations which warranted detailed evaluation over various driving cycles. This was done using a second-by-second vehicle simulation program which permitted the calculations of fuel economy, electricity usage, and emissions as a function of distance traveled in urban and highway driving. Power train arrangement possibilities were examined in terms of their effect on vehicle handling, safety, serviceability, and passenger comfort. A dc electric drive system utilizing a separately excited motor with field control and battery switching was selected for the near term hybrid vehicle. Hybrid vehicle simulations showed that for the first 30 mi (the electric range of the vehicle) in urban driving, the fuel economy was 80 mpg using a gasoline engine and 100 mpg using a diesel engine. In urban driving the hybrid would save about 75% of the fuel used by the conventional vehicle and in combined urban/highway driving the fuel saving is about 50%.

  9. Distributed energy generation techniques and the competitive fringe effect in electricity markets

    NARCIS (Netherlands)

    Mulder, Machiel; Petrikaite, Vaiva; Scholtens, Bert

    2015-01-01

    We analyse the impact of two different generation techniques used by fringe suppliers on the intensity of competition in the electricity wholesale market. For that purpose, we derive a Cournot model of this market taking into account long-term contracts, international trade and fringe suppliers

  10. Effect of sodium adsorption ratio and electric conductivity of the ...

    African Journals Online (AJOL)

    Infiltration measurements using a double-ring infiltrometer were conducted on a sandy-loam soil located in Saudi Arabia. The measurements were performed for an undisturbed soil. The effect of sodium adsorption ratio (SAR) and electric conductivity (EC) of the applied water on infiltration rate was examined. The infiltration ...

  11. Proximity effects of high voltage electric power transmission lines on ...

    African Journals Online (AJOL)

    The proximity effects of high voltage electric power transmission lines on Leyland Cypress (xCupressocyparis leylandii (Dallim. and A.B. Jacks.) Dallim) and Japanese Privet (Ligustrum japonicum Thunb.) growth were examined in a private nursery located in Sakarya, Turkey. Five transect were randomly chosen in both ...

  12. Comparison of the Effect of Neuromuscular Electrical Stimulation ...

    African Journals Online (AJOL)

    Children with cerebral palsy (CP) often demonstrate poor hand function due to spasticity. Thus spasticity in the wrist and finger flexors poses a great deal of functional limitations. This study was therefore designed to compare the effectiveness of Cryotherapy and Neuromuscular Electrical Stimulation (NMES) on spasticity ...

  13. Corrosion Effects on the I-V Characteristics of Electrically ...

    African Journals Online (AJOL)

    Experimental analysis on the effects of atmospheric Pollution and environmental degradation on the electrical properties of un-protected high tension cables, using copper and Aluminum wires of various diameters as case study, has been advanced. The analysis of the various data obtained in the course of the experiment, ...

  14. Welfare and competition effects of electricity interconnection between Ireland and Great Britain

    International Nuclear Information System (INIS)

    Malaguzzi Valeri, Laura

    2009-01-01

    This study analyzes the effects of additional interconnection on welfare and competition in the Irish electricity market. I simulate the wholesale electricity markets of the island of Ireland and Great Britain for 2005. I find that in order for the two markets to be integrated in 2005, additional interconnection would have to be large. The amount of interconnection decreases for high costs of carbon, since this causes the markets to become more similar. This suggests that in the absence of strategic behavior of firms, most of the gains from trade derive not from differences in size between countries, but from technology differences and are strongly influenced by fuel and carbon costs. Social welfare increases with interconnection, although at a decreasing rate. As the amount of interconnection increases, there are also positive effects on competition in Ireland, the less competitive of the two markets. Finally, it is unlikely that private investors will pay for the optimal amount of interconnection since their returns are significantly smaller than the total social benefit of interconnection. (author)

  15. Pressure and graphite effects on electrical conductivity in pyroxene

    Science.gov (United States)

    Wang, D.; Liu, T.; Shen, K.; Li, B.

    2017-12-01

    The geophysical observations including magnetotelluric (MT) and geomagnetic deep sounding show the distribution of electrical conductivity in the Earth's interior. The laboratory-based conductivity measurements of minerals and rocks are usually used to interpret the geophysical observations. Pyroxene is the second most abundant components in the upper mantle, and the electrical conductivity of pyroxene is important to understanding the bulk electrical conductivity. The electrical conductivity of a mineral is affected by many factors, such as its chemical composition, temperature, pressure. Here we report the effects of pressure and graphite on the electrical conductivity of pyroxene and applied to interpretation of MT observation. The starting materials are natural of orthopyroxene and clinopyroxe crystals. A powder sample with grain size 10 um was packed in a Mo capsule and hot-pressed at high pressures and temperatures using a 1000-ton Walker-type uniaxial split-cylinder apparatus. A mixture of pyroxene and a few percent of diamond was annealed at high pressure and temperature. All the hot-pressed samples before and after electrical conductivity measurements, were characterized by scanning electron microscopy, Fourier-Transform Infrared and Raman spectroscopy. High pressure conductivity experiments were carried out in a Walker-type multi-anvil apparatus using a 14/8 assembly. We use a Solartron 1260 Impedance/Gain -phase analyzer with 1V applied voltage within a frequency range of 1M-0.1 Hz to collect data. Complex impedance data on were collected in several heating and cooling cycles The electrical conductivity of pyroxene was made at 4,7,10 GPa, and electrical conductivity of the graphite-bearing pyroxene was measured at 4GPa. The results show the electrical conductivity decrease with the increasing of pressure, which may correspond to the transform from orthopyroxene to clinopyroxene. The results can be used to explain a drop of the electrical conductivity in

  16. Effects of energetic particle precipitation on the atmospheric electric circuit

    International Nuclear Information System (INIS)

    Reagan, J.B.; Meyerott, R.E.; Evans, J.E.; Imhof, W.L.; Joiner, R.G.

    1983-01-01

    The solar particle event (SPE) of August 1972 is one of the largest that has occurred in the last 20 years. Since it is so well documented, it can serve as a good example of a major perturbation to the atmospheric electric system. In this paper, ion production rates and conductivities from the ground to 80 km at the peak intensity of the event on August 4 and for 30, 35, and 40 km for the 6-day duration of the event are presented. At the peak of the event, the proton and electron precipitation currents, the ohmic current, and the vertical electric field are calculated inside the polar cap. The particle precipitation currents at this time greatly exceed the normal air earth current at altitudes above 30 km and produce reversals in the vertical electric field at 28 km and above. Calculations are presented of the vertical electric field at altitudes near 30 km where balloon measurements were made. Good agreement between the calculated and the measured vertical electric field verifies our ability to calculate disturbed conductivities at these altitudes from satellite measurements of proton spectra incident on the atmosphere. Despite the fact that at the peak of the event the vertical electric field near 30 km was shorted out by the solar particles and that the current carried by the solar particles exceeded the fair weather air-earth current density in the stratosphere by large factors, it is concluded that the largest effect of an SPE of this magnitude on the atmospheric electric circuit is due to the Forbush decrease in the galactic cosmic ray flux rather than to the large increase in solar proton flux

  17. Immediate effect of laryngeal surface electrical stimulation on swallowing performance.

    Science.gov (United States)

    Takahashi, Keizo; Hori, Kazuhiro; Hayashi, Hirokazu; Fujiu-Kurachi, Masako; Ono, Takahiro; Tsujimura, Takanori; Magara, Jin; Inoue, Makoto

    2018-01-01

    Surface electrical stimulation of the laryngeal region is used to improve swallowing in dysphagic patients. However, little is known about how electrical stimulation affects tongue movements and related functions. We investigated the effect of electrical stimulation on tongue pressure and hyoid movement, as well as suprahyoid and infrahyoid muscle activity, in 18 healthy young participants. Electrical stimulation (0.2-ms duration, 80 Hz, 80% of each participant's maximal tolerance) of the laryngeal region was applied. Each subject swallowed 5 ml of barium sulfate liquid 36 times at 10-s intervals. During the middle 2 min, electrical stimulation was delivered. Tongue pressure, electromyographic activity of the suprahyoid and infrahyoid muscles, and videofluorographic images were simultaneously recorded. Tongue pressure during stimulation was significantly lower than before or after stimulation and was significantly greater after stimulation than at baseline. Suprahyoid activity after stimulation was larger than at baseline, while infrahyoid muscle activity did not change. During stimulation, the position of the hyoid at rest was descended, the highest hyoid position was significantly inferior, and the vertical movement was greater than before or after stimulation. After stimulation, the positions of the hyoid at rest and at the maximum elevation were more superior than before stimulation. The deviation of the highest positions of the hyoid before and after stimulation corresponded to the differences in tongue pressures at those times. These results suggest that surface electrical stimulation applied to the laryngeal region during swallowing may facilitate subsequent hyoid movement and tongue pressure generation after stimulation. NEW & NOTEWORTHY Surface electrical stimulation applied to the laryngeal region during swallowing may facilitate subsequent hyoid movement and tongue pressure generation after stimulation. Tongue muscles may contribute to overshot recovery

  18. Effects of pulsed electric field on ULQ and RFP plasmas

    International Nuclear Information System (INIS)

    Watanabe, M.; Saito, K.; Suzuki, T.

    1997-01-01

    Dynamo activity and self-organization processes are investigated using the application of pulsed poloidal and toroidal electric fields on ULQ and RFP plasmas. Synchronized to the application of the pulsed electric fields, the remarkable responses of the several plasma parameters are observed. The plasma has a preferential magnetic field structure, and the external perturbation activates fluctuation to maintain the structure through dynamo effect. This process changes the total dissipation with the variation of magnetic helicity in the system, showing that self organization accompanies an enhanced dissipation. (author)

  19. Electric field effects in scanning tunneling microscope imaging

    DEFF Research Database (Denmark)

    Stokbro, Kurt; Quaade, Ulrich; Grey, Francois

    1998-01-01

    We present a high-voltage extension of the Tersoff-Hamann theory of scanning tunneling microscope (STM) images, which includes the effect of the electric field between the tip and the sample. The theoretical model is based on first-principles electronic structure calculations and has no adjustable...... parameters. We use the method to calculate theoretical STM images of the monohydrate Si(100)-H(2x1) surface with missing hydrogen defects at -2V and find an enhanced corrugation due to the electric field, in good agreement with experimental images....

  20. Electrical circuit modeling of conductors with skin effect

    International Nuclear Information System (INIS)

    Kerst, D.W.; Sprott, J.C.

    1986-01-01

    The electrical impedance of a lossy conductor is a complicated function of time (or frequency) because of the skin effect. By solving the diffusion equation for magnetic fields in conductors of several prototypical shapes, the impedance can be calculated as a function of time for a step function of current. The solution suggests an electrical circuit representation that allows calculation of time-dependent voltages and currents of arbitrary waveforms. A technique using an operational amplifier to determine the current in such a conductor by measuring some external voltage is described. Useful analytical approximations to the results are derived

  1. INDONESIAN TRADE UNDER CHINA FREE TRADE AREA

    Directory of Open Access Journals (Sweden)

    Tavi Supriana

    2011-09-01

    Full Text Available This paper investigates the implementation of CAFTA (China-Asean Free Trade Area on the international trade flows across Indonesia, China and the rest of ASEAN using a gravitation model. It finds the evidence that the influence of diversion and creation effects on China are significant, while the influence of both effects on Indonesia are not significant. It also finds that the diversion effect, which leads to a decrease in society’s wealth, is greater than that of the creation effect. As a consequence, the gap across countries involved in the trade agreement is wider. Keywords: CAFTA, gravitation model, diversion effect, creation effectJEL classification numbers: F13, F14, F15

  2. Electricity

    International Nuclear Information System (INIS)

    Tombs, F.

    1983-01-01

    The subject is discussed, with particular reference to the electricity industry in the United Kingdom, under the headings; importance and scope of the industry's work; future fuel supplies (estimated indigenous fossil fuels reserves); outlook for UK energy supplies; problems of future generating capacity and fuel mix (energy policy; construction programme; economics and pricing; contribution of nuclear power - thermal and fast reactors; problems of conversion of oil-burning to coal-burning plant). (U.K.)

  3. Energy trading

    International Nuclear Information System (INIS)

    Beckmann, K.; Schroeter, S.

    2009-01-01

    Two brief articles and two interviews deal with the subject of energy trading. Power and gas exchanges in Europe multiply, but, experts say, we are nowhere near a mature, integrated European energy market as yet. Trading regulations need to be improved and harmonised and interconnections expanded. European Energy Review assesses the state of energy trading in Europe and interviews the ceo's of NordPool (the Nordic power exchange) and APX (Amsterdam Power Exchange)

  4. The Effect of Cross-Border E-Commerce on China’s International Trade: An Empirical Study Based on Transaction Cost Analysis

    OpenAIRE

    Wang (Avery. W), Yu; Wang, Yi; Lee, Soo Hee

    2017-01-01

    Reducing transaction costs by means of policy intervention could generate comparative advantages and contribute to the growth of international trade. Chinese government agencies have introduced a number of policies in support of rapidly growing cross-border e-commerce to promote China’s international trade. However, the previous literature has not empirically verified the precise effect of these policies on the growth of international trade while focusing on the impact of cross-border e-comme...

  5. ''Water bath'' effect during the electrical underwater wire explosion

    International Nuclear Information System (INIS)

    Oreshkin, V. I.; Chaikovsky, S. A.; Ratakhin, N. A.; Grinenko, A.; Krasik, Ya. E.

    2007-01-01

    The results of a simulation of underwater electrical wire explosion at a current density >10 9 A/cm 2 , total discharge current of ∼3 MA, and rise time of the current of ∼100 ns are presented. The electrical wire explosion was simulated using a one-dimensional radiation-magnetohydrodynamic model. It is shown that the radiation of the exploded wire produces a thin conducting plasma shell in the water in the vicinity of the exploding wire surface. It was found that this plasma shell catches up to 30% of the discharge current. Nevertheless, it was shown that the pressure and temperature of the wire material remain unchanged as compared with the idealized case of the electrical wire explosion in vacuum. This result is explained by a 'water bath' effect

  6. The Effect of Cross-Border E-Commerce on China’s International Trade: An Empirical Study Based on Transaction Cost Analysis

    Directory of Open Access Journals (Sweden)

    Yu Wang (Avery. W

    2017-11-01

    Full Text Available Reducing transaction costs by means of policy intervention could generate comparative advantages and contribute to the growth of international trade. Chinese government agencies have introduced a number of policies in support of rapidly growing cross-border e-commerce to promote China’s international trade. However, the previous literature has not empirically verified the precise effect of these policies on the growth of international trade while focusing on the impact of cross-border e-commerce on trade distance and consumer welfare. To address this gap, this paper investigates the impact of cross-border e-commerce on international trade in the context of China, mainly from the perspective of transaction cost economics in conjunction with the traditional comparative advantage model by analyzing information cost, negotiation cost, transportation cost, tariffs and middlemen cost separately. Firstly, the new theoretical model suggests that cross-border e-commerce may have a positive role in promoting international trade only when the negative impact caused by tariff cost and transportation cost is offset. Secondly, our result shows that cross-border e-commerce has a positive effect on the growth of China’s international trade in each year. However, the positive effect does not show incremental growth over time, possibly as a result of the weak implementation of favorable policies in trade, in addition to global trade shrinking.

  7. INCREASE OF QUEUING SYSTEM EFFECTIVENESS OF TRADING ENTERPRISE BY MEANS OF NUMERICAL STATISTICAL SIMULATION

    Directory of Open Access Journals (Sweden)

    Knyazheva Yu. V.

    2014-06-01

    Full Text Available The market economy causes need of development of the economic analysis first of all at microlevel, that is at the level of the separate enterprises as the enterprises are basis for market economy. Therefore improvement of the queuing system trading enterprise is an important economic problem. Analytical solutions of problems of the mass servicing are in described the theory, don’t correspond to real operating conditions of the queuing systems. Therefore in this article optimization of customer service process and improvement of settlement and cash service system trading enterprise are made by means of numerical statistical simulation of the queuing system trading enterprise. The article describe integrated statistical numerical simulation model of queuing systems trading enterprise working in nonstationary conditions with reference to different distribution laws of customers input stream. This model takes account of various behavior customers output stream, includes checkout service model which takes account of cashier rate of working, also this model includes staff motivation model, profit earning and profit optimization models that take into account possible revenue and costs. The created statistical numerical simulation model of queuing systems trading enterprise, at its realization in the suitable software environment, allows to perform optimization of the most important parameters of system. And when developing the convenient user interface, this model can be a component of support decision-making system for rationalization of organizational structure and for management optimization by trading enterprise.

  8. Electric field effects in hyperexcitable neural tissue: A review

    International Nuclear Information System (INIS)

    Durand, D.M.

    2003-01-01

    Uniform electric fields applied to neural tissue can modulate neuronal excitability with a threshold value of about 1mV mm -1 in normal physiological conditions. However, electric fields could have a lower threshold in conditions where field sensitivity is enhanced, such as those simulating epilepsy. Uniform electrical fields were applied to hippocampal brain slices exposed to picrotoxin, high potassium or low calcium solutions. The results in the low calcium medium show that neuronal activity can be completely blocked in 10% of the 30 slices tested with a field amplitude of 1mV mm -1 . These results suggest that the threshold for this effect is clearly smaller than 1mV mm -1 . The hypothesis that the extracellular resistance could affect the sensitivity to the electrical fields was tested by measuring the effect of the osmolarity of the extracellular solution on the efficacy of the field. A 10% decrease on osmolarity resulted in a 56% decrease ( n =4) in the minimum field required for full suppression. A 14% in osmolarity produced an 81% increase in the minimum field required for full suppression. These results show that the extracellular volume can modulate the efficacy of the field and could lower the threshold field amplitudes to values lower than ∼1mmV mm -. (author)

  9. The effect of costs and regulation on electricity prices

    International Nuclear Information System (INIS)

    Schlaf, E.P.

    1991-01-01

    Two distinct econometric tests were performed to determine if state price regulation of public utilities has had a measurable impact on retail electricity prices. The results of both tests agree that, during the 1971-1985 period, average national electricity prices in each of the three major consuming sectors and the four Census regions were below the level which would have been preferred by profit-maximizing monopolists. Electricity consumers received price benefits during the sample period as a result of regulation. The first test of the effectiveness of state price regulation used a 'revealed preference' approach by comparing the actual prices set by regulatory commissioners with prices and outcomes predicted by three competing theories of regulatory motivation. The second test of the effectiveness of price regulation combined traditional cost function inputs with regulatory variables in reduced-form price equations to determine whether the amount of regulatory intensity, as measured by the number of staff members per regulated utility, is associated with declining electricity prices and whether appointed commissioners allow higher prices than elected commissioners

  10. The electric field standing wave effect in infrared transflection spectroscopy

    Science.gov (United States)

    Mayerhöfer, Thomas G.; Popp, Jürgen

    2018-02-01

    We show that an electric field standing wave effect is responsible for the oscillations and the non-linear dependence of the absorbance on the layer thickness in thin layers on a reflective surface. This effect is connected to the occurrence of interference inside these layers. Consequently, the absorptance undergoes a maximum electric field intensity enhancement at spectral positions close to those where corresponding non-absorbing layers on a metal show minima in the reflectance. The effect leads to changes of peak maxima ratios with layer thickness and shows the same periodicity as oscillations in the peak positions. These peculiarities are fully based on and described by Maxwell's equations but cannot be understood and described if the strongly simplifying model centered on reflectance absorbance is employed.

  11. Organ Trade

    NARCIS (Netherlands)

    J.A.E. Ambagtsheer (Frederike)

    2017-01-01

    markdownabstractOrgan trade constitutes the sale and purchase of organs for financial or material gain. Although prohibited since the 1980s, an increasing number of reports indicate its proliferation across the globe. Yet, many knowledge gaps exist on organ trade, in particular on the demand -and

  12. What will a Mexican trade agreement mean to the US energy industry?

    International Nuclear Information System (INIS)

    Rodgers, L.M.

    1991-01-01

    This article examines the effects that a free trade agreement with Mexico will have on the American energy sector in the fuel supply or electricity generating side of the industry. Topics are oil and gas areas available to US enterprise, the import and export of electricity, schedule for completion of negotiations, and the protection of domestic US oil and gas resources

  13. Electrical stimulation vs thermal effects in a complex electromagnetic environment.

    Science.gov (United States)

    Paniagua, Jesús M; Rufo, Montaña; Jiménez, Antonio; Antolín, Alicia; Sánchez, Miguel

    2009-08-01

    Studies linking exposure to low levels of radiofrequencies with adverse health effects, notwithstanding their present apparent inconsistency, have contributed to a steady improvement in the quality of evaluating that exposure. In complex electromagnetic environments, with a multitude of emissions of different frequencies acting simultaneously, knowledge of the spectral content is fundamental to evaluating human exposure to non-ionizing radiation. In the present work, we quantify the most significant spectral components in the frequency band 0.5-2200 MHz in an urban area. The measurements were made with a spectrum analyzer and monopole, biconical, and log-periodic antennas. Power density levels were calculated separately for the medium wave, short wave, and frequency modulation radio broadcasting bands, and for the television and GSM, DCS, and UMTS mobile telephony bands. The measured levels were compared with the ICNIRP reference levels for exposure to multiple frequency sources for thermal effects and electrical stimulation. The results showed the criterion limiting exposure on the basis of preventing electrical stimulation of peripheral nerves and muscles to be stricter (exposure quotient 24.7 10(-4)) than that based on thermal considerations (exposure quotient 0.16 10(-4)). The bands that contribute most to the latter are short wave, with 46.2%, and mobile telephony with 32.6% of the total exposure. In a complex electromagnetic environment, knowledge of the radiofrequency spectrum is essential in order to quantify the contribution of each type of emission to the public's exposure. It is also necessary to evaluate the electrical effects as well as the thermal effects because the criterion to limit exposure on the basis of the effect of the electrical stimulation of tissues is stricter than that based on thermal effects.

  14. Electrical stimulation vs thermal effects in a complex electromagnetic environment

    International Nuclear Information System (INIS)

    Paniagua, Jesus M.; Rufo, Montana; Jimenez, Antonio; Antolin, Alicia; Sanchez, Miguel

    2009-01-01

    Studies linking exposure to low levels of radiofrequencies with adverse health effects, notwithstanding their present apparent inconsistency, have contributed to a steady improvement in the quality of evaluating that exposure. In complex electromagnetic environments, with a multitude of emissions of different frequencies acting simultaneously, knowledge of the spectral content is fundamental to evaluating human exposure to non-ionizing radiation. In the present work, we quantify the most significant spectral components in the frequency band 0.5-2200 MHz in an urban area. The measurements were made with a spectrum analyzer and monopole, biconical, and log-periodic antennas. Power density levels were calculated separately for the medium wave, short wave, and frequency modulation radio broadcasting bands, and for the television and GSM, DCS, and UMTS mobile telephony bands. The measured levels were compared with the ICNIRP reference levels for exposure to multiple frequency sources for thermal effects and electrical stimulation. The results showed the criterion limiting exposure on the basis of preventing electrical stimulation of peripheral nerves and muscles to be stricter (exposure quotient 24.7 10 -4 ) than that based on thermal considerations (exposure quotient 0.16 10 -4 ). The bands that contribute most to the latter are short wave, with 46.2%, and mobile telephony with 32.6% of the total exposure. In a complex electromagnetic environment, knowledge of the radiofrequency spectrum is essential in order to quantify the contribution of each type of emission to the public's exposure. It is also necessary to evaluate the electrical effects as well as the thermal effects because the criterion to limit exposure on the basis of the effect of the electrical stimulation of tissues is stricter than that based on thermal effects.

  15. How does trade-mediated technology transfer affect interregional and intersectoral competition? Exploring multi-sectoral effects in a global trade model

    OpenAIRE

    Das, Gouranga

    2009-01-01

    In this paper, all technology transfers are embodied in trade flows within a three-region, six-tradedcommodity version of the GTAP model. 4% Hicks-Neutral technical progress in heavy manufacturing in one region has uneven impacts on productivity elsewhere. Why? Destination regions’ ability to harness new technology depends on their absorptive capacity and on the structural congruence of the source and destination. Together with trade volume, these two factors determine the recipi...

  16. The effects of exchange rate volatility on international trade fl ows: evidence from panel data analysis and fuzzy approach

    Directory of Open Access Journals (Sweden)

    Robert M. Kunst

    2012-06-01

    Full Text Available The aim of this paper is to analyze the effects of exchange rate volatility on international trade flows by using two different approaches, the panel data analysis and fuzzy logic, and to compare the results. To a panel with the crosssection dimension of 91 pairs of EU15 countries and with time ranging from 1964 to 2003, an extended gravity model of trade is applied in order to determine theeffects of exchange rate volatility on bilateral trade flows of EU15 countries. The estimated impact is clearly negative, which indicates that exchange rate volatility has a negative influence on bilateral trade flows. Then, this traditional panel approach is contrasted with an alternative investigation based on fuzzy logic. The key elements of the fuzzy approach are to set fuzzy decision rules and to assignmembership functions to the fuzzy sets intuitively based on experience. Both approaches yield very similar results and fuzzy approach is recommended to be used as a complement to statistical methods.

  17. Electrical detection of magnetization dynamics via spin rectification effects

    Energy Technology Data Exchange (ETDEWEB)

    Harder, Michael, E-mail: michael.harder@umanitoba.ca; Gui, Yongsheng, E-mail: ysgui@physics.umanitoba.ca; Hu, Can-Ming, E-mail: hu@physics.umanitoba.ca

    2016-11-23

    The purpose of this article is to review the current status of a frontier in dynamic spintronics and contemporary magnetism, in which much progress has been made in the past decade, based on the creation of a variety of micro and nanostructured devices that enable electrical detection of magnetization dynamics. The primary focus is on the physics of spin rectification effects, which are well suited for studying magnetization dynamics and spin transport in a variety of magnetic materials and spintronic devices. Intended to be intelligible to a broad audience, the paper begins with a pedagogical introduction, comparing the methods of electrical detection of charge and spin dynamics in semiconductors and magnetic materials respectively. After that it provides a comprehensive account of the theoretical study of both the angular dependence and line shape of electrically detected ferromagnetic resonance (FMR), which is summarized in a handbook format easy to be used for analysing experimental data. We then review and examine the similarity and differences of various spin rectification effects found in ferromagnetic films, magnetic bilayers and magnetic tunnel junctions, including a discussion of how to properly distinguish spin rectification from the spin pumping/inverse spin Hall effect generated voltage. After this we review the broad applications of rectification effects for studying spin waves, nonlinear dynamics, domain wall dynamics, spin current, and microwave imaging. We also discuss spin rectification in ferromagnetic semiconductors. The paper concludes with both historical and future perspectives, by summarizing and comparing three generations of FMR spectroscopy which have been developed for studying magnetization dynamics.

  18. Improving cost-effectiveness and facilitating participation of developing countries in international emissions trading

    International Nuclear Information System (INIS)

    Bohm, P.

    2003-01-01

    Cost-effectiveness is a crucial requirement for meaningful agreements on international climate change policy. This is also borne out in the wording of the Framework Convention of Climate Change and, in particular, the Kyoto Protocol (KP), see UNFCCC (1992) and UN (1997). However, the KP - as it stands after COP7 in Marrakech - is not fully cost-effective, although it may eventually turn out to be the only politically feasible, 'most cost-effective', first step in international climate change policy. The successor to the COP7 version of the KP may be a renegotiated protocol, if the COP7 version fails to be ratified by enough countries to enter into force, or it may be the treaty to be designed for a second commitment period. Four dimensions in which cost-effectiveness may be improved in a treaty that succeeds the KP are discussed here. They all relate to international emissions trading (IET) which is likely to be the most significant instrument for attaining cost-effective reductions in aggregate greenhouse gas (GHG) emissions. It is important for a climate treaty to be able to attract as many developing countries to IET as possible and achieve this as soon as possible. This would have to occur at essentially no cost to them. Only with developing countries onboard can the world community get full access to their low-cost options for emission reductions. A first aspect to be discussed here is related to identifying a cost-effective approach to attain that goal (Section 1). Another aspect concerns the role of the Clean Development Mechanism (CDM) in this context (Section 2). A third issue is to evaluate the consequences for cost-effectiveness of introducing a Commitment Period Reserve to limit 'overselling' (Section 3). A final one deals with the increase in flexibility that would follow from allowing not only banking but also borrowing of Assigned Amount Units (AAUs) (Section 4). While the first two issues refer directly to developing countries, the last two will be

  19. Quantifying the Effect of Macroeconomic and Social Factors on Illegal E-Waste Trade.

    Science.gov (United States)

    Efthymiou, Loukia; Mavragani, Amaryllis; Tsagarakis, Konstantinos P

    2016-08-05

    As illegal e-waste trade has been significantly growing over the course of the last few years, the consequences on human health and the environment demand immediate action on the part of the global community. Though it is argued that e-waste flows from developed to developing countries, this subject seems to be more complex than that, with a variety of studies suggesting that income per capita is not the only factor affecting the choice of regions that e-waste is illegally shipped to. How is a country's economic and social development associated with illegal e-waste trade? Is legislation an important factor? This paper aims at quantifying macroeconomic (per capita income and openness of economy) and social (human development and social progress) aspects, based on qualitative data on illegal e-waste trade routes, by examining the percentage differences in scorings in selected indicators for all known and suspected routes. The results show that illegal e-waste trade occurs from economically and socially developed regions to countries with significantly lower levels of overall development, with few exceptions, which could be attributed to the fact that several countries have loose regulations on e-waste trade, thus deeming them attractive for potential illegal activities.

  20. [Emissions trading potential : achieving emission reductions in a cost-effective manner

    International Nuclear Information System (INIS)

    Fay, K.

    1998-01-01

    The issue of emissions trading as a viable tool to reduce greenhouse gas emissions by developed countries was discussed. The essence of this author's argument was that emissions trading alone will not solve the climate change problem and that the details of the program are hazy at best. In order to have any hope of meeting the emission reductions, it is essential to begin working out the details now, and to coordinate them with the Clean Development Mechanism (CDM) and Joint Implementation (JI) plan since all three of these flexibility mechanisms will be working in and among themselves, therefore they need to be consistent. Work on a general set of draft principles by the International Climate Change Partnership (ICCP), a coalition headquartered in Washington, DC, was summarized. Essentially, ICCP favors voluntary programs, incentives for participation, no quantitative limits on trading, no limits on sources and sinks. ICCP believes that trading should be allowed at the company level, and liability should not devolve on the buyer alone, rather, it should be negotiated between buyers and sellers. Credits for early action should also be tradable and most of all, the trading program should be simple to allow active participation by industry, and be free of bureaucratic impediments

  1. The stochastic effects on the Brazilian Electrical Sector

    International Nuclear Information System (INIS)

    Ferreira, Pedro Guilherme Costa; Oliveira, Fernando Luiz Cyrino; Souza, Reinaldo Castro

    2015-01-01

    The size and characteristics of the Brazilian Electrical Sector (BES) are unique. The system includes a large-scale hydrothermal power system with many hydroelectric plants and multiple owners. Due to the historical harnessing of natural resources, the National Interconnected System (NIS) was developed outside of the economic scale of the BES. The central components of the NIS enable energy generated in any part of Brazil to be consumed in distant regions, considering certain technical configurations. This interconnection results in a large-scale complex system and is controlled by robust computational models, used to support the planning and operation of the NIS. This study presents a different vision of the SEB, demonstrating the intrinsic relationship between hydrological stochasticity and the activities executed by the system, which is an important sector of the infrastructure in Brazil. The simulation of energy scenarios is crucial to the optimal manner to operate the sector and to supporting decisions about whether expansion is necessary, thus, avoiding unnecessary costs and/or losses. These scenarios are an imposing factor in the determination of the spot cost of electrical energy, given that the simulated quantities of water in the reservoirs are one of the determinants for the short-term energy price. - Highlights: • The relationship between the hydrological regimes and the energy policy and planning in Brazil; • An overview about the stochastic effects on the Brazilian Electrical Sector; • The stochasticity associated with the Brazilian electrical planning; • The importance of hydro resources management for energy generation in Brazil;

  2. The ASEAN Free Trade Agreement: impact on trade flows and external trade barriers

    OpenAIRE

    Hector Calvo-Pardo; Caroline Freund; Emanuel Ornelas

    2009-01-01

    Using detailed data on trade and tariffs from 1992-2007, the authors examine how the ASEAN Free Trade Agreement has affected trade with nonmembers and external tariffs facing nonmembers. First, the paper examines the effect of preferential and external tariff reduction on import growth from ASEAN insiders and outsiders across HS 6-digit industries. The analysis finds no evidence that prefe...

  3. Electric-field effects in optically generated spin transport

    International Nuclear Information System (INIS)

    Miah, M. Idrish

    2009-01-01

    Transport of spin-polarized electrons in semiconductors is studied experimentally. Spins are generated by optical excitation because of the selection rules governing optical transitions from heavy-hole and light-hole states to conduction-band states. Experiments designed for the control of spins in semiconductors investigate the bias-dependent spin transport process and detect the spin-polarized electrons during transport. A strong bias dependence is observed. The electric-field effects on the spin-polarized electron transport are also found to be depended on the excitation photon energy and temperature. Based on a field-dependent spin relaxation mechanism, the electric-field effects in the transport process are discussed.

  4. Electric-field effects in optically generated spin transport

    Energy Technology Data Exchange (ETDEWEB)

    Miah, M. Idrish [Nanoscale Science and Technology Centre and School of Biomolecular and Physical Sciences, Griffith University, Nathan, Brisbane, QLD 4111 (Australia); Department of Physics, University of Chittagong, Chittagong 4331 (Bangladesh)], E-mail: m.miah@griffith.edu.au

    2009-05-25

    Transport of spin-polarized electrons in semiconductors is studied experimentally. Spins are generated by optical excitation because of the selection rules governing optical transitions from heavy-hole and light-hole states to conduction-band states. Experiments designed for the control of spins in semiconductors investigate the bias-dependent spin transport process and detect the spin-polarized electrons during transport. A strong bias dependence is observed. The electric-field effects on the spin-polarized electron transport are also found to be depended on the excitation photon energy and temperature. Based on a field-dependent spin relaxation mechanism, the electric-field effects in the transport process are discussed.

  5. On the effectiveness of regulatory vs voluntary vs strategies for increasing the share of renewable in electricity generation

    Energy Technology Data Exchange (ETDEWEB)

    Haas, Reinhard; Huber, Claus; Resch, Gustav; Faber, Thomas [Vienna Univ. of Technology, Energy Economics Group, Vienna (Austria)

    2003-09-01

    The promotion of electricity generation from renewable energy sources (RES-E) has a high priority in the energy policy strategies of many countries world-wide. To meeting this objective in recent years a wide variety of deployment strategies and dissemination programmes for RES-E has been launched by quite different organizations and institutions. The core focus of this paper is to extract under which conditions various strategies are effective for substantially boosting RES in the future. Moreover, it is analysed what are the most important regulatory conditions for implementing voluntary (Green Pricing, voluntary green electricity trade) and regulatory (TGC-based quotas, bidding feed-in tariffs) promotion strategies for RES-E. The most important results and conclusions of this analysis are: Regardless which instrument is chosen the careful design of a strategy is of paramount importance; Focus on new capacities: It is of paramount importance that a promotional system does not mix existing (at least fully depreciated) and new capacities. Hence, Green Pricing strategies as well as regulatory approaches should have a strong focus on new capacity; Credibility: To provide confidence among the industry and investors it must be guaranteed by highly credible sources that a strategy survives a certain planning horizon; Feed-in tariffs are an effective instrument if a policy is introduced on a national level and if the rates are optimally designed e.g. using a stepped feed-in tariff; Of high relevance for quotas based on tradable certificates is that the penalty for not purchasing a certificate is higher than the worst case of investment; With respect to voluntary strategies -e.g. Green Power Marketing- the minimum requirement for a label is that it guarantees at least that the proportional increase in total electricity demand is provided by new capacities; With respect to international trading of Green electricity at least one of the following conditions must be fulfilled

  6. Report for fiscal 2000 investigations on effects imposed by introducing emission trading system; 2000 nendo haishutsuryo torihiki system donyu ni yoru eikyo ni kansuru chosa hokokusho

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2001-03-01

    With regard to effectiveness of the emission trading targeted to reduce the greenhouse effect gas emission, evaluation has been given from the three viewpoints: economies, environment, and household economy. In the research, simulations were implemented by using the GEC calculation model modified for introduction of domestic emission trading, and utilization of international emission trading. In evaluating the effects on industries and foreign trades, notice was given on the large energy consuming industries to discuss the effects of introducing the emission trading on the quantity of production and export. Regarding the effects on environment, calculations and discussions were given on greenhouse effect gas leakage rates to assess the greenhouse effect gas emission reducing effects from the domestic and international viewpoints. As a result of the discussions, it was found that the economies, environment and household economy are all benefited in regard with the domestic emission trading. Utilization of the international emission trading was also found to have sufficient positive benefit exist for the economies and household economy. (NEDO)

  7. Air pollution health effects of electric power generation

    International Nuclear Information System (INIS)

    1975-11-01

    stitutt for Atomenergi (IFA) and Norsk Institutt for Luftforskning (NILU) have undertaken a joint project with the ultimate purpose of comparing the relative air pollution health effects of gas-fired, oil-fired and uranium-fueled electric power generating plants. Phase I of the project includes a literature review on pollutant emissions and their health effects. The methods which have previouously been used to compare the relative health effects are also reviewed. The radioactive effluents from nuclear power plants are tabulated and the health effects discussed on the basis of data from Hiroshima and Nagasaki, medical irradiation therapy and studies of USAEC and UKAEA employees. It is pointed out that there is no indication that chronic low-level radiation has somatic effects, and the Japanese data gives no conclusive indication of genetic effects. Background irradiation in Kerala and Guarapari and in USA is also cited. Following a brief presentation of the principal air pollutants from fossil fuels a number of studies of 'smog' incidents in the UK and USA are discussed, and a prediction equation based on multiple regression analysis is presented. Finally the methods of comparing the health effects from nuclear and fossil-fuel plants are discussed. In an appendix Lave and Freeburg's study 'Health effects of electricity generation from coal, oil and nuclear fuel' is evaluated. (JIW)

  8. The Effect of a Consumption-Based Accounting Method in National GHG Inventories: A Trilateral Trade System Application

    Energy Technology Data Exchange (ETDEWEB)

    Bastianoni, Simone, E-mail: bastianoni@unisi.it; Caro, Dario [Ecodynamics Group, Department of Earth, Environmental and Physical Sciences, University of Siena, Siena (Italy); Borghesi, Simone [Department of Political and International Sciences, University of Siena, Siena (Italy); Pulselli, Federico Maria [Ecodynamics Group, Department of Earth, Environmental and Physical Sciences, University of Siena, Siena (Italy)

    2014-01-27

    The allocation of emissions embodied in international trade is crucial to evaluate the real impact that each country has on climate change and its responsibility in greenhouse gas (GHG) emissions. In this paper, we develop a new theoretical framework recently proposed by Caro et al. (2014) that computes the carbon emissions embodied in international trade according to a consumption-based accounting. The method uses the value of the goods traded internationally and the respective carbon intensity as a coefficient of national efficiency. To provide an example of application of the proposed methodology and assess its difference with respect to the current producer-based GHG accounting, we analyze a trilateral trade system composed by three countries (Sweden, Italy, and Poland) with large differences in terms of carbon intensity (low, medium, and high carbon intensity, respectively). From the analysis of the data during the period 2000–2008, it emerges that the proposed consumption-based accounting would imply an increase of Italian and Swedish emission responsibility by 1.4 and 11.8%, respectively, with respect to the conventional GHG accounting, and a decrease of the Polish responsibility by 2.81%. To assess the possible consequences deriving from the application of this new methodology, we also consider the effects of a shift of the Italian imports from Poland to Sweden of Machinery and Transport Equipments, a crucial sector in the trade relations among the three countries, which accounts for about 45% of total exports from Poland and Sweden to Italy. Finally, we discuss some policy implications deriving from the application of the consumption-based accounting, devoting particular attention to the results emerging from its hypothetical adoption in the EU-27. The analysis performed in the paper suggests that the adoption of a consumption-based accounting could be an important tool in the climate change challenge to reduce global emissions.

  9. The Effect of a Consumption-Based Accounting Method in National GHG Inventories: A Trilateral Trade System Application

    International Nuclear Information System (INIS)

    Bastianoni, Simone; Caro, Dario; Borghesi, Simone; Pulselli, Federico Maria

    2014-01-01

    The allocation of emissions embodied in international trade is crucial to evaluate the real impact that each country has on climate change and its responsibility in greenhouse gas (GHG) emissions. In this paper, we develop a new theoretical framework recently proposed by Caro et al. (2014) that computes the carbon emissions embodied in international trade according to a consumption-based accounting. The method uses the value of the goods traded internationally and the respective carbon intensity as a coefficient of national efficiency. To provide an example of application of the proposed methodology and assess its difference with respect to the current producer-based GHG accounting, we analyze a trilateral trade system composed by three countries (Sweden, Italy, and Poland) with large differences in terms of carbon intensity (low, medium, and high carbon intensity, respectively). From the analysis of the data during the period 2000–2008, it emerges that the proposed consumption-based accounting would imply an increase of Italian and Swedish emission responsibility by 1.4 and 11.8%, respectively, with respect to the conventional GHG accounting, and a decrease of the Polish responsibility by 2.81%. To assess the possible consequences deriving from the application of this new methodology, we also consider the effects of a shift of the Italian imports from Poland to Sweden of Machinery and Transport Equipments, a crucial sector in the trade relations among the three countries, which accounts for about 45% of total exports from Poland and Sweden to Italy. Finally, we discuss some policy implications deriving from the application of the consumption-based accounting, devoting particular attention to the results emerging from its hypothetical adoption in the EU-27. The analysis performed in the paper suggests that the adoption of a consumption-based accounting could be an important tool in the climate change challenge to reduce global emissions.

  10. A study on effect of world trade organization on Iran's membership on export of Iranian handmade carpet

    Directory of Open Access Journals (Sweden)

    Mansoureh Golmeymi

    2013-10-01

    Full Text Available World Trade Organization (WTO has been established to facilitate fringe trade in the world and there are many studies associated with the effect of WTO membership on export of various countries. This paper presents an empirical investigation to find the effect of WTO membership on export of Iranian handmade carpet. The survey uses insights from 80 experts who have at least ten years of related job experiences in carpet industry by performing an expletory and using descriptive and quantitative method for analyzing the data. The results of the survey indicate that Iran's membership in WTO will most likely reduce the sales price of handmade carpet. In addition, Iran's membership in WTO will increase scientific and professional power in handmade carpet. It will also help industry get more exposure into international market.

  11. Developmental effects of extremely low frequency electric and magnetic fields

    International Nuclear Information System (INIS)

    Juutilainen, J.

    2003-01-01

    Developmental effects of extremely low frequency (ELF) electric and magnetic fields are briefly reviewed in this paper. The results of animal studies on ELF electric fields are rather consistent, and do not suggest adverse effects on development. The results of studies on ELF magnetic fields suggest effects on bird embryo development, but not consistently in all studies. Results from experiments with other non-mammalian species have also suggested effects on developmental stability. In mammals, pre-natal exposure to ELF magnetic fields does not result in strong adverse effects on development. The only finding that shows some consistency is increase of minor skeleton alterations. Epidemiological studies do not establish an association between human adverse pregnancy outcomes and maternal exposure to ELF fields, although a few studies have reported increased risks associated with some characteristics of magnetic field exposure. Taken as a whole, the results do not show strong adverse effects on development. However, additional studies on the suggested subtle effects on developmental stability might increase our understanding of the sensitivity of organisms to weak ELF fields. (author)

  12. Plant life extensions for German nuclear power plants? Controversial discussion on potential electricity price effects

    International Nuclear Information System (INIS)

    Matthes, Felix C.; Hermann, Hauke

    2009-06-01

    The discussions on electricity price effects in case of the plant life extension of German nuclear power plants covers the following topics: (1) Introduction and methodology. (2) Electricity generation in nuclear power plants and electricity price based on an empirical view: electricity generation in nuclear power plants and final consumption price for households and industry in the European Union; electricity generation in nuclear power plants and electricity wholesale price in case of low availability of nuclear power plants in Germany; comparison of electricity wholesale prices in Germany and France. (3) Model considerations in relation to electricity prices and nuclear phase-out. (4) Concluding considerations.

  13. The effect of asymmetric information risk on returns of stocks traded on the BM&FBOVESPA

    Directory of Open Access Journals (Sweden)

    Leonardo Souza Siqueira

    Full Text Available ABSTRACT This study sought to analyze information asymmetry in the Brazilian stock market and its relation with the returns required from portfolios through the metrics volume-synchronized probability of informed trading. To do this, the study used actual data from the transactions of 142 stocks on the Brazilian Securities, Commodities and Futures Exchange (BM&FBOVESPA, within the period from May 1, 2014, to May 31, 2016. The results point out a high flow toxicity level in the orders of these stocks. In segment analyses of the stock market listing, data suggest there is no clue that stocks from the theoretically more overt segments have a lower toxicity level of order flows. The justification for this finding lies on the negative correlation observed between the market value of stocks and the toxicity level of orders. To test the effect of asymmetric information risk on stock returns, a factor related to the toxicity level of orders was added to the three-, four-, and five-factor models. Through the GRS test, we observed that the combination of factors that optimize the explanation of returns of the portfolios created was the one taking advantage of the factors market, size, profitability, investment, and information risk. To test the robustness of these results, the Average F-test was used in data simulated by the bootstrap method, and similar estimates were obtained. It was observed that the factor related to the book-to-market index becomes redundant in the national scenario for the models tested. Also, it was found that the factor related to information risk works as a complement to the factor size and that its inclusion leads to an improved performance of the models, indicating a possible explanatory power of information risk on portfolio returns. Therefore, data suggest that information risk is priced in the Brazilian stock market.

  14. An Empirical Investigation of Trade Flows Between Australia and its Major Trading Partners

    Directory of Open Access Journals (Sweden)

    Samuel Belicka

    2014-12-01

    Full Text Available This study introduces Net Export (NX models to examine the determinants of the trade flows between Australia and eight selected trading partner (TP countries (China, France, Germany, Malaysia, Singapore, Thailand, United Kingdom, United States of America in four selected Trade Deficit (TD categories (Pharmaceutical Products; Nuclear Reactors, Boilers, Machinery and Mechanical Appliances; Electrical Machinery and Equipment; Sound Recorders and Producers, and Vehicles Other Than Railway or Tramway Rolling-Stock. A total of 29 NX models are estimated, which are based on both the monetary and Quantity (QTY values. Findings in this study suggest that macroeconomic variables such as money supply, interest rates and savings rates have no-significant effect in the determination of the NX levels in the selected categories. This highlights that monetary policy cannot influence the NX levels in the selected TD categories in Australia. This study also identifies some policy implications which arise from this paper.

  15. Cross-border effects of capacity mechanisms in electricity markets

    Energy Technology Data Exchange (ETDEWEB)

    Elberg, Christina

    2014-07-15

    To ensure security of supply in liberalized electricity markets, different types of capacity mechanisms are currently being debated or have recently been implemented in many European countries. The purpose of this study is to analyze the cross-border effects resulting from different choices on capacity mechanisms in neighboring countries. We consider a model with two connected countries that differ in the regulator's choice on capacity mechanism, namely strategic reserves or capacity payments. In both countries, competitive fi rms invest in generation capacity before selling electricity on the spot market. We characterize market equilibria and find the following main result: While consumers' costs may be the same under both capacity mechanisms in non-connected countries, we show that the different capacity mechanisms in interconnected countries induce redistribution effects. More precisely, we nd that consumers' costs are higher in countries in which reserve capacities are procured than in countries in which capacity payments are used to ensure the targeted reliable level of electricity.

  16. The prerequisites for effective competition in restructured wholesale electricity markets

    International Nuclear Information System (INIS)

    Haas, R.; Auer, H.

    2006-01-01

    This paper argues that effective competition in reformed wholesale electricity markets can only be achieved if the following six prerequisites are met: (1) separation of the grid from generation and supply; (2) wholesale price deregulation; (3) sufficient transmission capacity for a competitive market and non-discriminating grid access; (4) excess generation capacity developed by a large number of competing generators; (5) an equilibrium relationship between short-term spot markets and the long-term financial instruments that marketers use to manage spot-market price volatility; (6) an essentially hands-off government policy that encompasses reduced oversight and privatization. The absence of any one of the first five conditions may result in an oligopoly or monopoly market whose economic performance does not meet the efficiency standards of a competently managed regulated electrical utility. (author)

  17. Spectator electric fields, de Sitter spacetime, and the Schwinger effect

    Science.gov (United States)

    Giovannini, Massimo

    2018-03-01

    During a de Sitter stage of expansion, the spectator fields of different spin are constrained by the critical density bound and by further requirements determined by their specific physical nature. The evolution of spectator electric fields in conformally flat background geometries is occasionally concocted by postulating the existence of ad hoc currents, but this apparently innocuous trick violates the second law of thermodynamics. Such a problem occurs, in particular, for those configurations (customarily employed for the analysis of the Schwinger effect in four-dimensional de Sitter backgrounds) leading to an electric energy density which is practically unaffected by the expansion of the underlying geometry. The obtained results are compared with more mundane situations where Joule heating develops in the early stages of a quasi-de Sitter phase.

  18. Foreign Trade

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — The Foreign Trade database has monthly volume and value information for US imports, exports, and re-exports of fishery or fishery derived products. Data is...

  19. Mergers in the GB Electricity Market: effects on Retail Charges

    International Nuclear Information System (INIS)

    Salies, Evens

    2006-05-01

    The opening up of the UK residential electricity sector in 1999 prompted several studies of the impact this had on both the level and structuring of retail charges, and on incumbent players' market power. Drawing on observations of regional tariffs for the month of January 2004, this paper supports previous conclusions based on simulated retail charges, looking at the response of real tariffs to distribution and transmission costs, customer density, and the length of low voltage underground circuit. We also investigate whether vertically integrated suppliers have a particular effect on charges ceteris paribus the effect of cost drivers and supplier-related factors. (author)

  20. Trade liberalization and state support of agriculture: effects for developing countries

    NARCIS (Netherlands)

    Erokhin, V.; Ivolga, A.; Heijman, W.J.M.

    2014-01-01

    The paper aims at the overview of the main approaches of state support implemented by developed and developing countries and the assessment of their distorting influences on the trade with agricultural commodities. The current state of state support is analyzed on the examples of EU-27, the USA and

  1. Jacks-of-all-trades? The effect of balanced skills on team performance

    NARCIS (Netherlands)

    Rosendahl Huber, L.; Sloof, R.; van Praag, M.

    2014-01-01

    Previous empirical studies have shown that solo entrepreneurs benefit from having balanced skills: Jacks-of-All-Trades (JATs) are better entrepreneurs than specialists are. Nowadays however, the majority of entrepreneurs start up and run ventures together in teams. In this paper we test whether the

  2. The Effect of Trade Liberalization on Export-Oriented Output and FDI ...

    African Journals Online (AJOL)

    The export-processing zone in Mauritius has existed side-by-side with a highly protected importcompeting sector. The enclave status of an EPZ is supposed, in theory, to insulate the zone against the extra-zone protectionist regime. In that case, will trade liberalization affect EPZ activity? This is the question that the paper ...

  3. Whither the TPP? Political Economy of Ratification and Effect on Trade Architecture in East Asia

    Directory of Open Access Journals (Sweden)

    Byung-il Choi

    2016-09-01

    Full Text Available In the race for establishing trading architecture consistent with new landscape of the global economy, the US is ahead of the game by concluding the Trans Pacific Partnership Agreement with 11 countries. To make it reality, the ratification is essential. In the battle for ratification in the US, declining globalism confronts rising protectionism. This paper models the ratification process as contest between globalism and protectionism, and analyzes the optimal timing for ratification. Based on this framework, various ratification scenarios are analyzed. The paper argues less likelihood for the lame-duck session passage and more likelihood for prolonged and protracted delay, due to changing political dynamics and declining intellectual support for globalism. Hence, the future of Trans Pacific Partnership Agreement may prove different, compared to the North American Free Trade Agreement and the Korea-US Free Trade Agreement, both of which were renegotiated and ratified eventually. Then, the US would lose the first move advantage. The paper also discusses strategic implications of delayed ratification on the evolution of trading architecture in East Asia.

  4. The effects of trauma exposure and posttraumatic stress disorder (PTSD on the emotion-induced memory trade-off

    Directory of Open Access Journals (Sweden)

    Katherine R. Mickley Steinmetz

    2012-06-01

    Full Text Available Many studies of memory changes in individuals with PTSD have focused on memory for trauma. However, it is unclear if these mnemonic differences extend beyond trauma memory to memory for other positive and negative information and if they are specific to individuals with PTSD or extend to other individuals who have experienced trauma. The present study examined the influences of trauma exposure and PTSD on an effect that may parallel tunnel memory in PTSD: the emotion-induced memory trade-off, whereby emotional aspects of an experience are remembered at the expense of the nonemotional context. Three groups (25 with current PTSD, 27 who had experienced trauma but did not have current PTSD, and 25 controls who had neither experienced significant trauma nor met criteria for current PTSD were shown complex visual scenes that included an item (positive, negative, or neutral placed on a neutral background. 45 minutes later, participants underwent a recognition memory test for the items and backgrounds separately. An emotion-induced memory trade-off was said to occur when there was a significant difference in item and background memory for emotional scenes, but not for neutral scenes. People with PTSD, like the other groups, were more likely to remember positive and negative items than neutral items. People with PTSD exhibited a memory trade-off, but this trade-off was no larger than for the non-trauma control group. Trauma-exposed people without a current diagnosis of PTSD did not show a trade-off, because they remembered the items within scenes better than their contexts even for neutral scenes. These results suggest that i the effect of emotion on memory for visual scenes is similar in people with PTSD and control participants, and ii people who have experienced trauma, but do not have PTSD, may have a different way of attending to and remembering visual scenes, exhibiting less of a memory trade-off than either control participants or people with

  5. Air pollution effects due to deregulation of the electric industry

    Science.gov (United States)

    Davoodi, Khojasteh Riaz

    The Energy Policy Act of 1992 introduced the concept of open-access into the electric utility industry which allows privately-owned utilities to transmit power produced by non-utility generators and independent power producers (IPPs). In April 1996, the Federal Energy Regulatory Commission (FERC) laid down the final rules (Orders No. 888 & No. 889), which required utilities to open their transmission lines to any power producer and charge them no more than what they pay for the use of their own lines. These rules set the stage for the retail sale of electricity to industrial, commercial and residential utility customers; non-utility generators (Nugs); and power marketers. These statutory, regulatory and administrative changes create for the electric utility industry two different forces that contradict each other. The first is the concept of competition among utility companies; this places a greater emphasis on electric power generation cost control and affects generation/fuel mix selection and demand side management (DSM) activities. The second force, which is converse to the first, is that utilities are major contributors to the air pollution burden in the United States and environmental concerns are forcing them to reduce emissions of air pollutants by using more environmentally friendly fuels and implementing energy saving programs. This study evaluates the impact of deregulation within the investor owned electric utilities and how this deregulation effects air quality by investigating the trend in demand side management programs and generation/fuel mix. A survey was conducted of investor owned utilities and independent power producers. The results of the survey were analyzed by analysis of variance and regression analysis to determine the impact to Air Pollution. An air Quality Impact model was also developed in this study. This model consists of six modules: (1) demand side management and (2) consumption of coal, (3) gas, (4) renewable, (5) oil and (6

  6. Foreign trade and declining pollution in Sweden: a decomposition analysis of long-term structural and technological effects

    International Nuclear Information System (INIS)

    Kander, Astrid; Lindmark, Magnus

    2006-01-01

    This article examines whether there exists any causal relationship between foreign trade and declining pollution in developed countries. In other words, do developed countries outsource their problems to less developed countries rather than solve them? The case study is the Swedish economy and the two environmental indicators employed are energy consumption and CO 2 emissions. No causal relationships are found, since Sweden has long been a net exporter of embodied energy and CO 2 and continues to be so after 1970, when energy consumption stabilizes and CO 2 emissions decline. In addition, the ratios of net exported energy and CO 2 to total consumption remain stable, which means there were no effects on the energy intensity or CO 2 intensity either. These results suggest that internal forces, like efficiency improvements, changed consumption patterns and transformation of the energy system, have been crucial for relative environmental improvement in Sweden, while foreign trade has played no role

  7. The Contribution of Electricity Generation to Greenhouse Effect

    International Nuclear Information System (INIS)

    Lubis, Erwansyah

    2008-01-01

    The development activities has successfully increasing the human kind, but also has increasing trend the planet changes radically, because of the greenhouse effect (GHE), decreasing ozone layer and acid rain, that all could treat the living of the species-species and including man inside. The electricity generation and transportation are the main contribution of greenhouse gas (GHG), reaching 1/3 of global emission. Base on the Kyoto protocol in 1997, that all countries, alone or together agree to reduce the emission of GG of 5.2 % under the emission of the 1990. The decreasing of GHG could be reached by implementing the technology generation that contain low carbon, such a natural gas, hydro power, wind, solar and nuclear power. Diversification of electricity generation has to take into a count of environmental capacity, so the supply stability and sustainable development could be reached. The IAEA results studies indicated that the emission factor of fossil fuel 2 times greater compare to the natural gas. The emission factor of wind and biomass lie between solar and nuclear power. In the electricity generation chain, nuclear power emit the 25 g of CO 2 /kWh compare to fossil fuel emit 250 - 1250 g CO 2 /kWh. (author)

  8. Restructuring Electricity Markets when Demand is Uncertain

    DEFF Research Database (Denmark)

    Boom, Anette; Buehler, Stefan

    2006-01-01

    We examine the effects of reorganizing electricity markets on capacity investments, retail prices and welfare when demand is uncertain. We study the following market configurations: (i) integrated monopoly, (ii) integrated duopoly with wholesale trade, and (iii) separated duopoly with wholesale...... trade. Assuming that wholesale prices can react to changes in retail prices (but not vice versa), we find that generators install sufficient capacity to serve retail demand in each market configuration, thus avoiding blackouts. Furthermore, aggregate capacity levels and retail prices...

  9. Thermal effects of electrically conductive deposits in melter

    International Nuclear Information System (INIS)

    Choi, I.G.; Bickford, D.F.; Carter, J.T.

    1992-01-01

    The radioactive waste processed by the Defense Waste Processing Facility melter at the Savannah river Site contains noble metal fission-products. Operation of waste-glass melters treating commercial power reactor wastes indicates that accumulation of noble metals on melter floors can lead to distortion of electric heating patterns, loss of power, and possible electrode damage. Changes in melter geometry have been developed in Japan and Germany to minimize these effects. The two existing melters for the US Department of Energy's Defense Waste Processing Facility were designed in 1982, before this effect was known or had been characterized. Modeling and pilot scale tests are being conducted in the Integrated DWPF melter system to determine if the effect is significant for melters processing defense wastes, and if the effect can be diagnosed and corrected without significant damage or changes to the melter design. This document provides a discussion of these tests

  10. Effects of Induced Electric Fields on Tissues and Cells

    Science.gov (United States)

    Sequin, Emily Katherine

    Cancer remains a substantial health burden in the United States. Traditional treatments for solid malignancies may include chemotherapy, radiation therapy, targeted therapies, or surgical resection. Improved surgical outcomes coincide with increased information regarding the tumor extent in the operating room. Furthermore, pathological examination and diagnosis is bettered when the pathologist has additional information about lesion locations on the large resected specimens from which they take a small sample for microscopic evaluation. Likewise, cancer metastasis is a leading cause of cancer death. Fully understanding why a particular tumor becomes metastatic as well as the mechanisms of cell migration are critical to both preventing metastasis and treating it. This dissertation utilizes the complex interactions of induced electric fields with tissues and cells to meet two complementary research goals. First, eddy currents are induced in tissues using a coaxial eddy current probe (8mm diameter) in order to distinguish tumor tissue from surrounding normal tissue to address the needs of surgeons performing curative cancer resections. Measurements on animal tissue phantoms characterize the eddy current measurement finding that the effective probing area corresponds to about twice the diameter of the probe and that the specimen temperature must be constant for reliable measurements. Measurements on ten fresh tissue specimens from human patients undergoing surgical resection for liver metastases from colorectal cancer showed that the eddy current measurement technique can be used to differentiate tumors from surrounding liver tissue in a non-destructive, non-invasive manner. Furthermore, the differentiation between the tumor and normal tissues required no use of contrast agents. Statistically significant differences between eddy current measurements in three tissue categories, tumor, normal, and interface, were found across patients using a Tukey's pairwise comparison

  11. The effect of the Fukushima accident on the electricity production and consumption in Japan

    International Nuclear Information System (INIS)

    Livet, Frederic

    2013-01-01

    Based on statistics of the Japanese electricity production and consumption, the author analyses their evolution from 2008 to 2013 in order to study the influence of the Fukushima accident. If nuclear production fell down from its 25 per cent share, electricity consumption remained almost steady, in spite of Government calls for its reduction. This loss of nuclear production has been balanced by an increased use of fossil fuels (coal, oil products, and natural gas). The author also comments the evolution of CO 2 emissions which therefore increased after the accident, and the impact of these evolutions on the Japanese trade balance

  12. Trade structure, trade mode and the urban-rural income gap in China

    Directory of Open Access Journals (Sweden)

    Hao Wei

    2013-05-01

    Full Text Available This paper analyses the effect of foreign trade in China on the urban-rural income gap from certain angles including trade scale, trade structure and trade mode at the national and provincial levels. The empirical results indicate that, from the perspective of trade scale, the export and import in the eastern and national regions have an expansion effect on the urban-rural income gap, and, in the central regions, they have a reduction effect. Furthermore, export in the western regions has a reduction effect while import in these regions did not have a significant effect. From the perspective of trade structure, the trade of high-tech products and labour-intensive products in the national and eastern regions has an expansion effect, and the trade of the above-mentioned products in the central regions has a reduction effect. The trade of labour-intensive products in the western regions has a reduction effect, and that of high-tech products an expansion effect. From the perspective of trade mode, processing trade and general trade in the national and eastern regions have an expansion effect, while in the central regions they have a reduction effect. General trade in the western regions would expand the urban-rural income gap, and processing trade does not have a significant effect. Consequently, when the South African Government is working out trade multiplicative and corresponding policy, they should consider the development of foreign trade and should pay attention to the labour market structure.

  13. Magnetic storm effects in electric power systems and prediction needs

    Science.gov (United States)

    Albertson, V. D.; Kappenman, J. G.

    1979-01-01

    Geomagnetic field fluctuations produce spurious currents in electric power systems. These currents enter and exit through points remote from each other. The fundamental period of these currents is on the order of several minutes which is quasi-dc compared to the normal 60 Hz or 50 Hz power system frequency. Nearly all of the power systems problems caused by the geomagnetically induced currents result from the half-cycle saturation of power transformers due to simultaneous ac and dc excitation. The effects produced in power systems are presented, current research activity is discussed, and magnetic storm prediction needs of the power industry are listed.

  14. Effectively utilizing NYMEX contracts for natural gas electricity futures

    International Nuclear Information System (INIS)

    Burke, L.M.

    1996-01-01

    NYMEX (New York Mercantile Exchange) is one of the United States' largest commodity exchanges. The primary role of commodity exchanges were summarized as well as the characteristics of an effective exchange. The concept of commoditization, price risk and price volatility were explained. The evolution of world and domestic regulated energy markets, the characteristics of the futures market, NYMEX electricity futures contract specifications, natural gas and crude futures contract development, and the nature of hedging were reviewed. Differences of risk management practices in cash markets and futures markets were illustrated. tabs., figs

  15. Effect of Electrical Current Stimulation on Pseudomonas Aeruginosa Growth

    Science.gov (United States)

    Alneami, Auns Q.; Khalil, Eman G.; Mohsien, Rana A.; Albeldawi, Ali F.

    2018-05-01

    The present study evaluates the effect of electrical current with different frequencies stimulation to kill pathogenic Pseudomonas aeruginosa (PA) bacteria in vitro using human safe level of electricity controlled by function generator. A wide range of frequencies has been used from 0.5 Hz-1.2 MHz to stimulate the bacteria at a voltage of 20 p-p volt for different periods of time (5 to 30) minutes. The culture of bacteria used Nickel, Nichrome, or Titanium electrode using agarose in phosphate buffer saline (PBS) and mixed with bacterial stock activated by trypticase soy broth (TSB). The results of frequencies between 0.5-1 KHz show the inhibition zone diameter of 20 mm in average at 30 minutes of stimulation. At frequencies between 3-60 KHz the inhibition zone diameter was only 10mm for 30 minutes of stimulation. While the average of inhibition zone diameter increased to more than 30mm for 30 minutes of stimulation at frequencies between 80-120 KHz. From this study we conclude that at specific frequency (resonance frequency) (frequencies between 0.5-1 KHz) there was relatively large inhibition zone because the inductive reactance effect is equal to the value of capacitive reactance effect (XC = XL). At frequencies over than 60 KHz, maximum inhibition zone noticed because the capacitance impedance becomes negligible (only the small resistivity of the bacterial internal organs).

  16. The effect of surface electrical stimulation on vocal fold position.

    Science.gov (United States)

    Humbert, Ianessa A; Poletto, Christopher J; Saxon, Keith G; Kearney, Pamela R; Ludlow, Christy L

    2008-01-01

    Closure of the true and false vocal folds is a normal part of airway protection during swallowing. Individuals with reduced or delayed true vocal fold closure can be at risk for aspiration and may benefit from intervention to ameliorate the problem. Surface electrical stimulation is currently used during therapy for dysphagia, despite limited knowledge of its physiological effects. Prospective single effects study. The immediate physiological effect of surface stimulation on true vocal fold angle was examined at rest in 27 healthy adults using 10 different electrode placements on the submental and neck regions. Fiberoptic nasolaryngoscopic recordings during passive inspiration were used to measure change in true vocal fold angle with stimulation. Vocal fold angles changed only to a small extent during two electrode placements (P vocal fold abduction was 2.4 degrees; while horizontal placements of electrodes in the submental region produced a mean adduction of 2.8 degrees (P = .03). Surface electrical stimulation to the submental and neck regions does not produce immediate true vocal fold adduction adequate for airway protection during swallowing, and one position may produce a slight increase in true vocal fold opening.

  17. The effects of financial development, economic growth, coal consumption and trade openness on CO2 emissions in South Africa

    International Nuclear Information System (INIS)

    Shahbaz, Muhammad; Kumar Tiwari, Aviral; Nasir, Muhammad

    2013-01-01

    This paper explores the effects of financial development, economic growth, coal consumption and trade openness on environmental performance using time series data over the period 1965–2008 in case of South Africa. The ARDL bounds testing approach to cointegration has been used to test the long run relationship among the variables while short run dynamics have been investigated by applying error correction method (ECM). The unit root properties of the variables are examined by applying Saikkonen and Lütkepohl (2002. Econometric Theory 18, 313–348) structural break unit root test. Our findings confirmed long run relationship among the variables. Results showed that a rise in economic growth increases energy emissions, while financial development reduces it. Coal consumption has significant contribution to deteriorate environment in South African economy. Trade openness improves environmental quality by reducing the growth of energy pollutants. Our empirical results also verified the existence of environmental Kuznets curve. This paper opens up new insights for South African economy to sustain economic growth by controlling environment from degrdation through efficient use of energy. - Highlights: • We found that a rise in economic growth increases energy emissions. • We found that financial development lowers energy emissions. • We found that coal consumption significantly deteriorate environment. • We found that trade openness improves environmental quality. • Existence of EKC is also found

  18. International Trade and Productivity Growth: Exploring the Sectoral Effects for Developing Countries

    OpenAIRE

    Ehsan U. Choudhri; Dalia S. Hakura

    2000-01-01

    The paper estimates an empirical relation based on Krugman's "technological gap" model to explore the influence of the pattern of international trade and production on the overall productivity growth of a developing country. A key result is that increased import competition in medium-growth (but not in low- or high-growth) manufacturing sectors enhances overall productivity growth. The authors also find that a production-share weighted average of (technological leaders') sectoral productivity...

  19. Effect of annual and quarterly financial statement announcements on trading volume and return variability in ISE

    OpenAIRE

    Çakmak, S. Serdar

    1996-01-01

    Ankara : Department of Management and Graduate School of Business Administration of Bilkent University, 1996. Thesis (Master's) -- Bilkent University, 1996. Includes bibliographical references leaves 22-24 Announcements of financial statement informations provide valuable signals for investors. There are evidences documenting the changes in trading volume and stock returns at the time of annual and interim financial statement announcements in comparison to those in non-announcement p...

  20. Estimating the effects of China's Accession to the World Trade Organisation

    OpenAIRE

    Yin Hua Mai; Mark Horridge; Frances Perkins

    2003-01-01

    Accession to the World Trade Organization (WTO) marks a new era in China's economic reform. In this new era, state capital will lose its dominance of pillar industries such as iron and steel, automobile, petrochemicals, non-ferrous metal, insurance, telecommunication, banking, wholesale, and utilities. This study uses a computable general equilibrium model of China to estimate the economic benefits from China opening its pillar industries to private foreign and domestic capital. The study ant...

  1. Measuring the Effects of Trade Liberalization: Multilevel Analysis Tool for Agriculture

    OpenAIRE

    Gerard, Francoise; Marty, Isabelle; Lancon, Frederic; Versapuech, Marion

    1998-01-01

    This book is the product of the projects "Farmers' Strategies Regarding Agricultural Diversification" (1993-1995) and "Agricultural Diversification and Food Crop Trade: Their Implications to Agricultural Policies in Southeast Asia" (1994-1996), both supported by CIRAD and the Government of France. It describes the first project attempting to apply the MATA methodology in a country like Indonesia. As constructed, the Multilevel Analysis Tool for Agriculture is able to answer various policy que...

  2. Effects of AC Electric Field on Small Laminar Nonpremixed Flames

    KAUST Repository

    Xiong, Yuan

    2015-04-01

    Electric field can be a viable method in controlling various combustion properties. Comparing to traditional actuators, an application of electric field requires very small power consumption. Especially, alternating current (AC) has received attention recently, since it could modulate flames appreciably even for the cases when direct current (DC) has minimal effects. In this study, the effect of AC electric fields on small coflow diffusion flames is focused with applications of various laser diagnostic techniques. Flow characteristics of baseline diffusion flames, which corresponds to stationary small coflow diffusion flames when electric field is not applied, were firstly investigated with a particular focus on the flow field in near-nozzle region with the buoyancy force exerted on fuels due to density differences among fuel, ambient air, and burnt gas. The result showed that the buoyancy force exerted on the fuel as well as on burnt gas significantly distorted the near-nozzle flow-fields. In the fuels with densities heavier than air, recirculation zones were formed very close to the nozzle exit. Nozzle heating effect influenced this near-nozzle flow-field particularly among lighter fuels. Numerical simulations were also conducted and the results showed that a fuel inlet boundary condition with a fully developed velocity profile for cases with long fuel tubes should be specified inside the fuel tube to obtain satisfactory agreement in both the flow and temperature fields with those from experiment. With sub-critical AC applied to the baseline flames, particle image velocimetry (PIV), light scattering, laser-induced incandescence (LII), and laser-induced fluores- cence (LIF) techniques were adopted to identify the flow field and the structures of OH, polycyclic aromatic hydrocarbons (PAHs), soot zone. Under certain AC condi- tions of applied voltage and frequency, the distribution of PAHs and the flow field near the nozzle exit were drastically altered from the

  3. THE TRADE-ENHANCING EFFECT OF NON-TARIFF MEASURES ON VIRGIN OLIVE OIL

    Directory of Open Access Journals (Sweden)

    Eyal Ronen

    2017-07-01

    Full Text Available Over the last 15 years, the global trade of virgin olive oil (VOO seems to face a stringent regulatory regime, mainly through the imposition of TBT and SPS measures. Such a development should have adversely impacted global levels of VOO trade. However, evidence shows that the world's imports of VOO have more than quadrupled in value since 2000. Alongside this trend, the share of VOO imports gradually shifts from traditional sources (mainly EU to New World producing countries, such as Argentina, Australia, the USA, and Chile. By extracting data from hundreds of NTM regulations, as well as all possible registered bilateral trade flows between 2002 to 2014, this paper aims to empirically explore to what extent particular NTMs impact imports of VOO. The results indicate that while tariffs remain a stringent barrier, most NTMs have a positive impact on imports, rather than enhancing restrictiveness. The paper asserts that the majority of NTMs respond to consumers' demand for higher food safety standards and protection of human health, while increasing available information and transparency. That, in turn, leads to an expansion in the magnitude of imports of VOO products

  4. Trade Policy Preferences and the Factor Content of Trade

    DEFF Research Database (Denmark)

    Jäkel, Ina Charlotte; Smolka, Marcel

    demonstrate that the factor price changes induced by trade policy are negatively correlated with the factor content of free trade (and therefore factor abundance). Using large-scale international survey data, we test whether these predicted distributional effects are reflected in the trade policy preferences...... of workers with different labor market skills. In order to isolate the effects of factor abundance from other skill-related confounding factors, we employ a within-skill-group estimator that exploits the cross-country variation in the factor content of free trade. In line with theory, the data show......This paper provides a theoretical and empirical analysis of public opinion towards free trade, investigating cleavages both between and within countries. We study the distributional effects of trade policy in a neoclassical economy with not just two, but many input factors in production. We...

  5. The welfare effects of integrating renewable energy into electricity markets

    Science.gov (United States)

    Lamadrid, Alberto J.

    The challenges of deploying more renewable energy sources on an electric grid are caused largely by their inherent variability. In this context, energy storage can help make the electric delivery system more reliable by mitigating this variability. This thesis analyzes a series of models for procuring electricity and ancillary services for both individuals and social planners with high penetrations of stochastic wind energy. The results obtained for an individual decision maker using stochastic optimization are ambiguous, with closed form solutions dependent on technological parameters, and no consideration of the system reliability. The social planner models correctly reflect the effect of system reliability, and in the case of a Stochastic, Security Constrained Optimal Power Flow (S-SC-OPF or SuperOPF), determine reserve capacity endogenously so that system reliability is maintained. A single-period SuperOPF shows that including ramping costs in the objective function leads to more wind spilling and increased capacity requirements for reliability. However, this model does not reflect the inter temporal tradeoffs of using Energy Storage Systems (ESS) to improve reliability and mitigate wind variability. The results with the multiperiod SuperOPF determine the optimum use of storage for a typical day, and compare the effects of collocating ESS at wind sites with the same amount of storage (deferrable demand) located at demand centers. The collocated ESS has slightly lower operating costs and spills less wind generation compared to deferrable demand, but the total amount of conventional generating capacity needed for system adequacy is higher. In terms of the total system costs, that include the capital cost of conventional generating capacity, the costs with deferrable demand is substantially lower because the daily demand profile is flattened and less conventional generation capacity is then needed for reliability purposes. The analysis also demonstrates that the

  6. Trade and climate change

    Energy Technology Data Exchange (ETDEWEB)

    Tamiotti, L.; Teh, R.; Kulacoglu, V. (World Trade Organization (WTO), Geneva (Switzerland)); Olhoff, A.; Simmons, B.; Abaza, H. (United Nations Environment Programme (UNEP) (Denmark))

    2009-06-15

    The Report aims to improve understanding about the linkages between trade and climate change. It shows that trade intersects with climate change in a multitude of ways. For example, governments may introduce a variety of policies, such as regulatory measures and economic incentives, to address climate change. This complex web of measures may have an impact on international trade and the multilateral trading system. The Report begins with a summary of the current state of scientific knowledge on climate change and on the options available for responding to the challenge of climate change. The scientific review is followed by a part on the economic aspects of the link between trade and climate change, and these two parts set the context for the subsequent parts of the Report, which looks at the policies introduced at both the international and national level to address climate change. The part on international policy responses to climate change describes multilateral efforts to reduce greenhouse gas emissions and to adapt to the effects of climate change, and also discusses the role of the current trade and environment negotiations in promoting trade in technologies that aim to mitigate climate change. The final part of the Report gives an overview of a range of national policies and measures that have been used in a number of countries to reduce greenhouse gas emissions and to increase energy efficiency. It presents key features in the design and implementation of these policies, in order to draw a clearer picture of their overall effect and potential impact on environmental protection, sustainable development and trade. It also gives, where appropriate, an overview of the WTO rules that may be relevant to such measures. (author)

  7. Fair Trade and Justice: A Case Study of Fair Trade and its Effect on the Freedom of Bolivia’s Indigenous Women

    Directory of Open Access Journals (Sweden)

    Tamara Stenn

    2014-11-01

    Full Text Available Amartya Sen has written that for justice to be realized, freedom needs to be expanded. Fair Trade, a model of global trade that puts into motion billions of dollars, purports to promote justice, and therefore expands freedom. Fair Trade is a four-pillar structure comprised of institutions, producers, consumers, and government/policy. An economic, ethnographic study of Bolivia’s indigenous women working within the Fair Trade model for the past 15 years reported mixed results. The women questioned the justice of the model based on negative experiences induced by irregular work, stress, and unsupportive communities. At the same time, women acknowledged enhanced capabilities and opportunities emanating from skills development, empowerment, and income. Although it increased women’s freedom, there are ways in which Fair Trade could be made fairer through transparency, reciprocity, and public reasoning. This work is significant in the sense that it creates a new understanding of justice and trade that enables women’s voices to be heard.Amartya Sen ha planteado que para lograr justicia, se necesita expandir la libertad. El Comercio Justo, un modelo de comercio global que pone en movimiento miles de millones de dólares, pretende promover la justicia y, por consiguiente, expandir la libertad. El Comercio Justo es una estructura de cuatro pilares que comprende instituciones, productores, consumidores   y gobiernos/políticas gubernamentales. Un estudio económico y etnográfico de mujeres indígenas de Bolivia que han trabajado con este modelo de comercio los últimos 15 años reportó resultados muy diversos. Las mujeres cuestionaban la justicia de un modelo basado en experiencias negativas resultado del trabajo irregular, del estrés y de la falta de apoyo por parte de las comunidades. Al mismo tiempo, las mujeres reconocían mejoras en las capacidades y oportunidades que emanaban del desarrollo de habilidades, el empoderamiento y los ingresos

  8. Economic Effects of Russia’s Trade Liberalization: Russia’s WTO Accession and FTAs with EU and Korea

    Directory of Open Access Journals (Sweden)

    Chang-Soo Lee

    2008-06-01

    's liberalization gains from the Russia-EU FTA are not so great, either. This result is in contrast to that of CEEC’s accession to the EU, where the CEEC enjoys large gains due to increases in FDI. Fourth, the economic effects of the Korea- Russia FTA on concerned countries are ignorable. Fifth, the sequencing issue regarding the Korea-Russia FTA, the FTA after Russia's WTO accession or the FTA before the accession, has no meaning. Sixth, the negative economic impacts, such as trade diversion effects, of Russia's liberalization policies on external regions are also ignorable.

  9. The effects of Title IV of the Clean Air Act amendments of 1990 on electric utilities: An update

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1997-03-01

    This report presents data and analyses related to Phase I implementation of the Clean Air Act Amendment by electric utilities. It describes the strategies used to comply with the Acid Rain Program in 1995, the effect of compliance on sulfur dioxide emissions levels, the cost of compliance, and the effects of the program on coal supply and demand. The first year of Phase I demonstrated that the market-based sulfur dioxide emissions control system could achieve significant reductions in emissions at lower than expected costs. Some utilities reduced aggregate emissions below legal requirements due to economic incentives; other utilities purchased additional allowances to avoid noncompliance. More than half of the utilities switched to or blended with lower sulfur coal, due to price reductions in the coal market which were partially due to the allowance trading program. 21 figs., 20 tabs.

  10. Effects of ionizing radiation of electrical properites of refractory insulators

    International Nuclear Information System (INIS)

    van Lint, V.A.J.; Bunch, J.M.

    1975-01-01

    The Los Alamos Reference Theta Pinch Reactor (RTPR) requires on the first wall an electrical insulator which will withstand transient high voltage at high temperature 10 sec after severe neutron and ionizing irradiation. Few measurements of electrical parameters for heavily disordered refractory insulators have been reported; estimates are made as to whether breakdown strength or conductivity will be degraded by the irradiation. The approach treats separately short-term ionization effects (free and trapped electrons and holes) and long-term gross damage effects (transmutation products and various lattice defects). The following processes could produce unacceptable conduction across the first wall insulator: (a) delayed electronic conductivity 10 sec after the prompt ionization by bremsstrahlung; (b) prompt electronic conductivity from delayed ionization; (c) electronic breakdown; (d) electronic or ionic conductivity due to thermal motion in the disordered material, possibly leading to thermal breakdown. Worst-case calculations based on lower limits to recombination coefficients limit process (a) to sigma much less than 5 x 10 -14 mho/cm. Data on ionization-induced conductivity in insulators predict for process (b) sigma much less than 10 -8 mho/cm. Electronic breakdown generally occurs at fields well above the 10 5 V/cm required for RTPR. Thermal breakdown is negligible due to the short voltage pulse. Ionic and electronic conduction must be studied theoretically and experimentally in the type of highly disordered materials that result from neutron irradiation of the first wall

  11. The Implementation Fair Trade System Based on the Natural Potencial Resources in Effective and Efficient Ways Through the ASEAN Free Trade Era

    OpenAIRE

    Nawastuty S, Dian

    2016-01-01

    Indonesian economic development's dimension in free trade zone era will held upon to form the development pillars frameworks. The Indonesian development pillars which are : to pull the destitution out, to absorb the man power, and to develop the economic. However, the main problem to held the development pillars frameworks is the barrier in pulling the destitution out. Pulling the destitution out which are mean by the writers team in these article especially for the traditional farmer. These ...

  12. Long-term effects of electrical neurostimulation in patients with unstable angina : Refractory to conventional therapies

    NARCIS (Netherlands)

    de Vries, Jessica; DeJongste, Mike J. L.; Zijlstra, Felix; Staal, Michiel

    2007-01-01

    Background. Patients with unstable angina pectoris may become refractory to conventional therapies. Electrical neurostimulation with transcutaneous electrical stimulation and/or spinal cord stimulation has been shown to be effective for patients with refractory unstable angina pectoris in hospital

  13. Stabilization and destabilization effects of the electric field on stochastic precipitate pattern

    NARCIS (Netherlands)

    Lagzi, István; Izsak, F.

    2004-01-01

    Stabilization and destabilization effects of an applied electric field on the Liesegang pattern formation in low concentration gradient were studied with numerical model simulations. In the absence of an electric field pattern formation exhibits increasingly stochastic behaviour as the initial

  14. Dynamically assisted Sauter-Schwinger effect in inhomogeneous electric fields

    Energy Technology Data Exchange (ETDEWEB)

    Schneider, Christian; Schützhold, Ralf [Fakultät für Physik, Universität Duisburg-Essen,Lotharstrasse 1, 47057 Duisburg (Germany)

    2016-02-24

    Via the world-line instanton method, we study electron-positron pair creation by a strong (but sub-critical) electric field of the profile E/cosh{sup 2} (kx) superimposed by a weaker pulse E{sup ′}/cosh{sup 2} (ωt). If the temporal Keldysh parameter γ{sub ω}=mω/(qE) exceeds a threshold value γ{sub ω}{sup crit} which depends on the spatial Keldysh parameter γ{sub k}=mk/(qE), we find a drastic enhancement of the pair creation probability — reporting on what we believe to be the first analytic non-perturbative result for the interplay between temporal and spatial field dependences E(t,x) in the Sauter-Schwinger effect. Finally, we speculate whether an analogous effect (drastic enhancement of tunneling probability) could occur in other scenarios such as stimulated nuclear decay, for example.

  15. Radial electrical field effects in TJ-II. (Preliminary study)

    International Nuclear Information System (INIS)

    Guasp, J.

    1996-01-01

    The influence of the radial electric field upon the neoclassical transport coefficients of TJ-II helical axis Stellarator has been calculated as well on the microwave heating stage (ECRH) as on the neutral injection one (NBI). The influence of the solutions for the self-consistent ambipolar field on confinement times and temperatures has been studied by means of a zero-dimensional energy balance. The simultaneous presence of two roots, the electronic and the ionic one, is observed for the ECRH phase, while for NBI only the ionic root appears, although with a strong field intensity that could produce a favourable effect on confinement. The interest and need of the extension of these calculations to include radial profile effects by using spatial dependent transport codes in stressed

  16. Autaptic effects on synchrony of neurons coupled by electrical synapses

    Science.gov (United States)

    Kim, Youngtae

    2017-07-01

    In this paper, we numerically study the effects of a special synapse known as autapse on synchronization of population of Morris-Lecar (ML) neurons coupled by electrical synapses. Several configurations of the ML neuronal populations such as a pair or a ring or a globally coupled network with and without autapses are examined. While most of the papers on the autaptic effects on synchronization have used networks of neurons of same spiking rate, we use the network of neurons of different spiking rates. We find that the optimal autaptic coupling strength and the autaptic time delay enhance synchronization in our neural networks. We use the phase response curve analysis to explain the enhanced synchronization by autapses. Our findings reveal the important relationship between the intraneuronal feedback loop and the interneuronal coupling.

  17. Magnetoresistance effect in a both magnetically and electrically modulated nanostructure

    International Nuclear Information System (INIS)

    Lu, Mao-Wang; Yang, Guo-Jian

    2007-01-01

    We propose a magnetoresistance device in a both magnetically and electrically modulated two-dimensional electron gas, which can be realized experimentally by the deposition, on the top and bottom of a semiconductor heterostructure, of two parallel metallic ferromagnetic strips under an applied voltage. It is shown that a considerable magnetoresistance effect can be achieved in such a device due to the significant transmission difference for electrons through parallel and antiparallel magnetization configurations. It is also shown that the magnetoresistance ratio depends strongly on the applied voltage to the stripe in the device. These interesting properties may provide an alternative scheme to realize magnetoresistance effect in hybrid ferromagnetic/semiconductor nanosystems, and this system may be used as a voltage-tunable magnetoresistance device

  18. Space Weather Effects on Current and Future Electric Power Systems

    Science.gov (United States)

    Munoz, D.; Dutta, O.; Tandoi, C.; Brandauer, W.; Mohamed, A.; Damas, M. C.

    2016-12-01

    This work addresses the effects of Geomagnetic Disturbances (GMDs) on the present bulk power system as well as the future smart grid, and discusses the mitigation of these geomagnetic impacts, so as to reduce the vulnerabilities of the electric power network to large space weather events. Solar storm characterized by electromagnetic radiation generates geo-electric fields that result in the flow of Geomagnetically Induced Currents (GICs) through the transmission lines, followed by transformers and the ground. As the ground conductivity and the power network topology significantly vary with the region, it becomes imperative to estimate of the magnitude of GICs for different places. In this paper, the magnitude of GIC has been calculated for New York State (NYS) with the help of extensive modelling of the whole NYS electricity transmission network using real data. Although GIC affects only high voltage levels, e.g. above 300 kV, the presence of coastline in NYS makes the low voltage transmission lines also susceptible to GIC. Besides this, the encroachment of technologies pertaining to smart grid implementation, such as Phasor Measurement Units (PMUs), Microgrids, Flexible AC Transmission System (FACTS), and Information and Communication Technology (ICT) have been analyzed for GMD impacts. Inaccurate PMU results due to scintillation of GPS signals that are affected by electromagnetic interference of solar storm, presence of renewable energy resources in coastal areas that are more vulnerable to GMD, the ability of FACTS devices to either block or pave new path for GICs and so on, shed some light on impacts of GMD on smart grid technologies.

  19. Effects of AC Electric Field on Small Laminar Nonpremixed Flames

    KAUST Repository

    Xiong, Yuan

    2015-01-01

    Electric field can be a viable method in controlling various combustion properties. Comparing to traditional actuators, an application of electric field requires very small power consumption. Especially, alternating current (AC) has received

  20. New approach in electricity network regulation: an issue on effective integration of distributed generation in electricity supply systems

    International Nuclear Information System (INIS)

    Scheepers, Martin J.J.; Wals, Adrian F.

    2003-11-01

    Technological developments and EU targets for penetration of renewable energy sources (RES) and greenhouse gas (GHG) reduction are decentralising the electricity infrastructure and services. Although, the liberalisation and internationalisation of the European electricity market has resulted in efforts to harmonise transmission pricing and regulation, hardly any initiative exists to consider the opening up and regulation of distribution networks to ensure effective participation of RES and distributed generation (DG) in the internal market. The SUSTELNET project has been created in order to close this policy gap. Its main objective is to develop regulatory roadmaps for the transition to an electricity market and network structure that creates a level playing field between centralised and decentralised generation and that facilitates the integration of RES, within the framework of the liberalisation of the EU electricity market. By analysing the technical, socio-economic and institutional dynamics of the European electricity system and markets, the project identifies the underlying patterns that provide the boundary conditions and levers for policy development to reach long term RES and GHG targets (2020-2030 time frame). This paper presents results of this analytical phase of the SUSTELNET project. Furthermore, preliminary results of the current work in progress are presented. Principles and criteria for a regulatory framework for sustainable electricity systems are discussed, as well as the development of medium to long-term transition strategies/roadmaps for network regulation and market transformation to facilitate the integration of RES and decentralised electricity generating systems.

  1. Effects of regulatory reforms in the electricity supply industry on electricity prices in developing countries

    International Nuclear Information System (INIS)

    Nagayama, Hiroaki

    2007-01-01

    Electric power sector reforms in the electricity supply industry have had an impact on industrial and household prices in developing countries in Latin America, the former Soviet Union, and Eastern Europe. Using original panel data for 83 countries during the period from 1985 to 2002, we examine how each policy instrument of the reform measures influenced electricity prices for countries in the above regions. We found that variables such as entry of independent power producers (IPP), unbundling of generation and transmission, establishment of a regulatory agency, and the introduction of a wholesale spot market have had a variety of impacts on electricity prices, some of which were not always consistent with expected results. The research findings suggest that neither unbundling nor introduction of a wholesale pool market on their own necessarily reduces the electric power price. In fact, contrary to expectations, there was a tendency for the price to rise. However, coexistent with an independent regulator, unbundling may work to reduce electricity prices. Privatization and the introduction of foreign IPP and retail competition lower electricity prices in some regions, but not all

  2. Detecting wash trade in the financial market

    OpenAIRE

    Cao, Yi; Li, Yuhua; Coleman, Sonya; Belatreche, Ammar; McGinnity, T. M.

    2014-01-01

    Wash trade refers to the activities of traders who utilise deliberately designed collusive transactions to increase the trading volumes for creating active market impression. Wash trade can be damaging to the proper functioning and integrity of capital markets. Existing work focuses on collusive clique detections based on certain assumptions of trading behaviours. Effective approaches for analysing and detecting wash trade in a real-life market have yet to be developed. T...

  3. The effect of growth conditions on the seed size/number trade-off.

    Directory of Open Access Journals (Sweden)

    Cloé Paul-Victor

    2009-09-01

    Full Text Available If the amount of resources allocated to reproduction (K is fixed, then an increase in seed mass (S can only be achieved by a decrease in seed number (n = K/S. Thus, log(n = log(K-log(S producing a slope of -1 when seed mass and number are plotted on log-log axes. However, in comparative studies, empirical support for a slope of -1 is limited and contentious, leading some to question the utility of this concept.First, we show that the expected slope depends on whether genotypes and species producing seeds of different mass are expected to reach the same adult size and that this in turn depends partly on the nature of growth. Second, we present experimental results using a population of recombinant inbred lines (RILs of Arabidopsis thaliana. When these RILs are grown in large pots with plentiful nutrients, they exhibit a trade-off between seed size and number with a slope of -1.68 (+/-0.18 on log-log axes. This occurs because of genetic correlations between seed mass and adult size so that, under the right growth conditions, lines producing lighter seeds have the genetic potential to produce larger rosettes and hence a greater total mass of seeds. We re-grew lines in small pots (10 and 40 mm diameter in a nutrient-poor substrate so that final adult size was heavily restricted by pot size.Under our growth conditions, small-seeded lines were unable to produce a greater total mass of seeds. Hence a trade-off emerged between seed mass and seed number with a slope of -1.166+/-0.319 on log-log axes in 40-mm diameter pots (close to the expected value of -1, although the slope was 0.132+/-0.263 in 10-mm diameter pots, demonstrating that the nature of the trade-off is sensitive to the growth conditions.

  4. Electric shocks are ineffective in treatment of lethal effects of rattlesnake envenomation in mice.

    Science.gov (United States)

    Johnson, E K; Kardong, K V; Mackessy, S P

    1987-01-01

    Electrical shocks, even crudely delivered from 'stun guns' and gasoline engine spark plugs, have been reported to be effective in the treatment of snake bite. We thus applied similar electric shocks to mice artificially injected with reconstituted rattlesnake venom at various LD50 multiples. Those envenomated mice treated with electric shock survived no better than the controls. We thus found no evidence that electric shocks crudely administered had any life saving effect in mice.

  5. Effect of electrical stimulation on consumer acceptance of mutton ...

    African Journals Online (AJOL)

    MarianaD

    -voltage electrical stimulation, HVES – high-voltage electrical stimulation, ... Electrical stimulation varied between 21 V – 1100 V. The drop in pH was significantly faster in the .... Table 2 Gender and age distribution of consumer panel (n=229).

  6. Effect of turbulent flow on the double electric layer

    International Nuclear Information System (INIS)

    Rutten, F. van.

    1978-01-01

    The existence of the double electric layer could explain the local deposition of corrosion products in water cooled reactors. It is shown that turbulent flow tends to drive the ions away from the wall, disturbs the diffuse layer and enables the electric field to extend further into the liquid phase. This electric field attracts the particles to the walls by electrophoresis [fr

  7. Constant versus variable response signal delays in speed--accuracy trade-offs: effects of advance preparation for processing time.

    Science.gov (United States)

    Miller, Jeff; Sproesser, Gudrun; Ulrich, Rolf

    2008-07-01

    In two experiments, we used response signals (RSs) to control processing time and trace out speed--accuracy trade-off(SAT) functions in a difficult perceptual discrimination task. Each experiment compared performance in blocks of trials with constant and, hence, temporally predictable RS lags against performance in blocks with variable, unpredictable RS lags. In both experiments, essentially equivalent SAT functions were observed with constant and variable RS lags. We conclude that there is little effect of advance preparation for a given processing time, suggesting that the discrimination mechanisms underlying SAT functions are driven solely by bottom-up information processing in perceptual discrimination tasks.

  8. Interplay between electric and magnetic effect in adiabatic polaritonic systems

    KAUST Repository

    Alabastri, Alessandro; Toma, Andrea; Liberale, Carlo; Chirumamilla, Manohar; Giugni, Andrea; De Angelis, Francesco De; Das, Gobind; Di Fabrizio, Enzo M.; Proietti Zaccaria, Remo

    2013-01-01

    We report on the possibility of realizing adiabatic compression of polaritonic wave on a metallic conical nano-structure through an oscillating electric potential (quasi dynamic regime). By comparing this result with an electromagnetic wave excitation, we were able to relate the classical lighting-rod effect to adiabatic compression. Furthermore, we show that while the magnetic contribution plays a marginal role in the formation of adiabatic compression, it provides a blue shift in the spectral region. In particular, magnetic permeability can be used as a free parameter for tuning the polaritonic resonances. The peculiar form of adiabatic compression is instead dictated by both the source and the metal permittivity. The analysis is performed by starting from a simple electrostatic system to end with the complete electromagnetic one through intermediate situations such as the quasi-electrostatic and quasi-dynamic regimes. Each configuration is defined by a particular set of equations which allows to clearly determine the individual role played by the electric and magnetic contribution in the generation of adiabatic compression. We notice that these findings can be applied for the realization of a THz nano-metric generator. © 2013 Optical Society of America.

  9. Swiss electricity statistics 1996

    International Nuclear Information System (INIS)

    1997-01-01

    This detailed article discusses the following subjects: Survey of electricity supply in Switzerland in 1996; The Swiss electricity balance; Electric power generation; Electric power consumption; Generation, consumption and loads on selected days; Energy trade with other countries; Expansion capacities until 2003; Financial situation and appendix. (orig./RHM) [de

  10. Experimental study on the effects of AC electric fields on flame spreading over polyethylene-insulated electric-wire

    KAUST Repository

    Jin, Young Kyu

    2010-11-01

    In this present study, we experimentally investigated the effects of electric fields on the characteristics of flames spreading over electric-wires with AC fields. The dependence of the rate at which a flame spreads over polyethylene-insulated wires on the frequency and amplitude of the applied AC electric field was examined. The spreading of the flame can be categorized into linear spreading and non-linearly accelerated spreading of flame. This categorization is based on the axial distribution of the field strength of the applied electric field. The rate at which the flame spreads is highly dependent on the inclined direction of the wire fire. It could be possible to explain the spreading of the flame on the basis of thermal balance. © 2010 The Korean Society of Mechanical Engineers.

  11. Redistribution effects of energy and climate policy: The electricity market

    International Nuclear Information System (INIS)

    Hirth, Lion; Ueckerdt, Falko

    2013-01-01

    Energy and climate policies are usually seen as measures to internalize externalities. However, as a side effect, the introduction of these policies redistributes wealth between consumers and producers, and within these groups. While redistribution is seldom the focus of the academic literature in energy economics, it plays a central role in public debates and policy decisions. This paper compares the distributional effects of two major electricity policies: support schemes for renewable energy sources, and CO 2 pricing. We find that the redistribution effects of both policies are large, and they work in opposed directions. While renewables support transfers wealth from producers to consumers, carbon pricing does the opposite. More specifically, we show that moderate amounts of wind subsidies can increase consumer surplus, even if consumers bear the subsidy costs. CO 2 pricing, in contrast, increases aggregated producer surplus, even without free allocation of emission allowances; however, not all types of producers benefit. These findings are derived from an analytical model of electricity markets, and a calibrated numerical model of Northwestern Europe. Our findings imply that if policy makers want to avoid large redistribution they might prefer a mix of policies, even if CO 2 pricing alone is the first-best climate policy in terms of allocative efficiency. -- Graphical abstract: Display Omitted -- Highlights: •CO 2 pricing and renewables support have strikingly different impacts on rents. •Carbon pricing increases producer surplus and decreases consumer surplus. •Renewable support schemes (portfolio standards, feed-in tariffs) do the opposite. •We model these impacts theoretically and quantify them for Europe. •Redistribution of wealth is found to be significant in size

  12. The effect of policy incentives on electric vehicle adoption

    International Nuclear Information System (INIS)

    Langbroek, Joram H.M.; Franklin, Joel P.; Susilo, Yusak O.

    2016-01-01

    In order to increase the attractiveness of electric vehicles (EVs), packages of policy incentives are provided in many countries. However, it is still unclear how effective different policy incentives are. Also, it is questionable that they have the same impact on different groups of people. In this study, based on a stated-choice experiment, the effect of several potential policy incentives on EV-adoption, as well as the influence of socio-psychological determinants are investigated, using constructs of the Transtheoretical Model of Change (TTM) and the Protection Motivation Theory (PMT). The probability of stated EV-adoption increases if policy incentives are offered in the choice experiment, which is expected because of the decrease of the generalized cost of EV-use. The high stated valuation of free parking or access to bus lanes makes those incentives an efficient alternative to expensive subsidies. EV-adoption probability increases for people that are further in the process of behavioural change. However, the responsiveness to subsidies decreases for people in more advanced stages-of-change. People that believe EVs to be effective in decreasing the negative externalities of the current transport system and people whose travel patterns can cope with the use of EVs also have a higher probability to choose the EV. - Highlights: •Policy incentives have a positive influence on electric vehicle adoption. •Being in advanced stages-of-change to EV-adoption increases likelihood to adopt EVs. •People in more advanced stages-of-change to EV-adoption are less price-sensitive. •People with a high self-efficacy and response efficacy are more likely to adopt EVs.

  13. Trade-off coding for universal qudit cloners motivated by the Unruh effect

    International Nuclear Information System (INIS)

    Jochym-O'Connor, Tomas; Bradler, Kamil; Wilde, Mark M

    2011-01-01

    A 'triple trade-off' capacity region of a noisy quantum channel provides a more complete description of its capabilities than does a single capacity formula. However, few full descriptions of a channel's ability have been given due to the difficult nature of the calculation of such regions-it may demand an optimization of information-theoretic quantities over an infinite number of channel uses. This work analyses the d-dimensional Unruh channel, a noisy quantum channel which emerges in relativistic quantum information theory. We show that this channel belongs to the class of quantum channels whose capacity region requires an optimization over a single channel use, and as such is tractable. We determine two triple-trade off regions, the quantum dynamic capacity region and the private dynamic capacity region, of the d-dimensional Unruh channel. Our results show that the set of achievable rate triples using this coding strategy is larger than the set achieved using a time-sharing strategy. Furthermore, we prove that the Unruh channel has a distinct structure made up of universal qudit cloning channels, thus providing a clear relationship between this relativistic channel and the process of stimulated emission present in quantum optical amplifiers. (paper)

  14. Effects of atmospheric transport and trade on air pollution mortality in China

    Science.gov (United States)

    Zhao, Hongyan; Li, Xin; Zhang, Qiang; Jiang, Xujia; Lin, Jintai; Peters, Glen P.; Li, Meng; Geng, Guannan; Zheng, Bo; Huo, Hong; Zhang, Lin; Wang, Haikun; Davis, Steven J.; He, Kebin

    2017-09-01

    Air quality is a major environmental concern in China, where premature deaths due to air pollution have exceeded 1 million people per year in recent years. Here, using a novel coupling of economic, physical and epidemiological models, we estimate the premature mortality related to anthropogenic outdoor PM2.5 air pollution in seven regions of China in 2010 and show for the first time how the distribution of these deaths in China is determined by a combination of economic activities and physical transport of pollution in the atmosphere. We find that 33 % (338 600 premature deaths) of China's PM2.5-related premature mortality in 2010 were caused by pollutants emitted in a different region of the country and transported in the atmosphere, especially from north to south and from east to west. Trade further extended the cross-regional impact; 56 % of (568 900 premature deaths) China's PM2.5-related premature mortality was related to consumption in another region, including 423 800 (42 % of total) and 145 100 (14 %) premature deaths from domestic consumption and international trade respectively. Our results indicate that multilateral and multi-stage cooperation under a regional sustainable development framework is in urgent need to mitigate air pollution and related health impacts, and efforts to reduce the health impacts of air pollution in China should be prioritized according to the source and location of emissions, the type and economic value of the emitting activities, and the related patterns of consumption.

  15. Trade-off coding for universal qudit cloners motivated by the Unruh effect

    Energy Technology Data Exchange (ETDEWEB)

    Jochym-O' Connor, Tomas [Department of Physics and Astronomy, Institute for Quantum Computing, University of Waterloo, 200 University Avenue West, Waterloo, Ontario N2 L 3G1 (Canada); Bradler, Kamil; Wilde, Mark M, E-mail: trjochym@uwaterloo.ca [School of Computer Science, McGill University, Montreal, Quebec H3A 2A7 (Canada)

    2011-10-14

    A 'triple trade-off' capacity region of a noisy quantum channel provides a more complete description of its capabilities than does a single capacity formula. However, few full descriptions of a channel's ability have been given due to the difficult nature of the calculation of such regions-it may demand an optimization of information-theoretic quantities over an infinite number of channel uses. This work analyses the d-dimensional Unruh channel, a noisy quantum channel which emerges in relativistic quantum information theory. We show that this channel belongs to the class of quantum channels whose capacity region requires an optimization over a single channel use, and as such is tractable. We determine two triple-trade off regions, the quantum dynamic capacity region and the private dynamic capacity region, of the d-dimensional Unruh channel. Our results show that the set of achievable rate triples using this coding strategy is larger than the set achieved using a time-sharing strategy. Furthermore, we prove that the Unruh channel has a distinct structure made up of universal qudit cloning channels, thus providing a clear relationship between this relativistic channel and the process of stimulated emission present in quantum optical amplifiers. (paper)

  16. Tariffs on power trading

    International Nuclear Information System (INIS)

    Van de Water, C.J.

    1995-01-01

    For optimal use of power systems, transmission services must be independent from production. Moreover the costs of electrical energy transmission should be well known and be paid according to a tariff system approximating to the real network costs. These two conditions for power trading will lead to an optimal power system. In a competitive power production market, the transmission and distribution companies will remain monopolistic because they are the only facilitators of power trading. The pricing signals of the transmission and distribution costs determine the playing field for the competitors. These are production offers and bidders. The transmission pricing must for that reason be simple, correct and based on marginal costs to make optimal use of the system

  17. The Harry Potter effect: The rise in trade of owls as pets in Java and Bali, Indonesia

    Directory of Open Access Journals (Sweden)

    Vincent Nijman

    2017-07-01

    Full Text Available Hundreds of species of wild-caught birds are offered for sale in the bird markets of Java and Bali, Indonesia, to meet the demand for the largely-domestic pet and songbird trade. In the past, owls were offered only in very small numbers in these bird markets but since the release of the Harry Potter series in Indonesia in the early 2000s their popularity as pets has increased. Whereas in the past owls were collective known as Burung Hantu (“Ghost birds”, in the bird markets they are now commonly referred to as Burung Harry Potter (“Harry Potter birds”. We made a retrospective quantitative assessment of the abundance of owls in the bird markets (1979–2010 and conducted 109 surveys in 20 bird markets in 2012–2016 to quantify owls in trade. In the 1980s, 1990s and early 2000s owls were rarely recorded in Indonesia's bird markets, typically one or two and up to five per survey, and frequently no owls were recorded at all. The trade was largely confined to small scops owls. In the late 2000s more species were offered for sale, including barn and bay owls, and larger owl species such as wood-owls, eagle-owls and fish-owls; typically 10 + owls were observed per survey. In recent years, the number of owl species increased even more, and on average we recorded 17 owls per survey, yielding a total of 1810 owls, and in >90% of the surveys owls were present. In the larger bird markets in Jakarta and Bandung typically 30 to 60 owls are on offer of up to 8 species at a time. The number of owls as a proportion of all birds in the markets increased from 0.43% post 2008, suggesting a delayed Harry Potter effect. Over this period, common species have become cheaper and less common ones have become more expensive. The owls are largely, if not exclusively, wild-caught and are sold into the domestic pet market. The release of Harry Potter films and novels in Indonesia coincided with the rise of the Internet and social media and, with some delay, the

  18. Trade Measures for Regulating Transboundary Movement of Electronic Waste

    Directory of Open Access Journals (Sweden)

    Gideon Emcee Christian

    2017-08-01

    Full Text Available International trade in used electrical and electronics equipment (UEEE provides an avenue for socio-economic development in the developing world and also serves as a conduit for transboundary dumping of waste electrical and electronic equipment (WEEE also referred to as electronic waste or e-waste. The latter problem arises from the absence of a regulatory framework for differentiating between functional UEEE and junk e-waste. This has resulted in both functional UEEE and junk e-waste being concurrently shipped to developing countries under the guise of international trade in used electronics. Dealing with these problems will require effective regulation of international trade in UEEE from both exporting and importing countries. Although, the export of e-waste from the European Community to developing countries is currently prohibited, significant amount of e-waste from the region continue to flow into developing countries due to lax regulatory measures in the latter. Hence, there is need for a regulatory regime in developing countries to complement the prohibitory regime in the major e-waste source countries. This paper proposes trade measures modelled in line with WTO rules which could be adopted by developing countries in addressing these problems. The proposed measures include the development of a compulsory certification and labelling system for functional UEEE as well as trade ban on commercial importation of UEEE not complying with the said certification and labelling system. The paper then goes further to examine these proposed measures in the light of WTO rules and jurisprudence.

  19. Currency union entries and trade

    OpenAIRE

    Nitsch, Volker

    2005-01-01

    Recent research suggests that adopting a common currency increases bilateral trade. In this paper, I explore experiences of currency union entry in the post-war period and find no effect on trade. Previous results derived from a large panel data set (covering more than 200 countries from 1948 through 1997) appear to depend crucially on the assumption of symmetry between currency union exits and entries: While countries leaving a currency union experience significant declines in trade, currenc...

  20. International climate policy and trade

    International Nuclear Information System (INIS)

    Kuik, O.

    2000-01-01

    If a country takes steps to counter the greenhouse effect, it could influence the country's foreign trade. If a large group of countries consider such measures, e.g. the signatories to the Kyoto Protocol, that could possibly have major consequences for global trading patterns. How will the measures work out for countries, industries, and climate policy itself? Can countries mitigate any negative consequences for their trade balance? The results of a study to answer those questions are discussed