| 1. |
- Eriksson, Clas, 1961-, et al.
(författare)
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A partial-equilibrium model of the electricity market
- 2021
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Konferensbidrag (refereegranskat)abstract
- We present a model of the electricity market which has a simple connection to the rest of the economy, due to a quasi-linear utility function.A key stochastic parameter shifts electricity demand between points of time.The correlation between these demand shifts and the variation of supply from variable renewable electricity (VRE) sources is crucial for the equilibrium price of electricity.Based on these equilibria we compute the value factors of VREs, as well as producer and consumer surpluses.An outcome of the model analysis is that value factors of VREs decrease as their penetration gets higher, which is also commonly found empirically, but only up to a point.
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| 2. |
- Eriksson, Clas, 1961-, et al.
(författare)
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Human Capital and Innovations
- 2017
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Konferensbidrag (refereegranskat)abstract
- This paper explores the interaction between human capital and innovations in the process of economic growth. Using a model of endogenous economic growth, the focus of our analysis is on the incentives to acquire human capital and how they are affected by taxes on human capital and other policy instruments. In contrast to many other growth models we find that the taxation on human capital has a substantial negative effect on the accumulation of it. This in turn lowers the income growth rate. While subsidies to research and to intermediate inputs have positive effects on growth (and must be strictly positive in social optimum), they do not necessarily imply that there will be larger stock of human capital in the economy. If the elasticity of intertemporal substitution in consumption is sufficiently low, these policy instruments stimulate growth by inducing a reallocation of a shrinking stock of human capital in the direction of research.
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| 3. |
- Eriksson, Clas, 1961-, et al.
(författare)
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Human capital, innovation, and growth
- 2022
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Ingår i: International Journal of Economic Theory. - : WILEY. - 1742-7355 .- 1742-7363.
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Tidskriftsartikel (refereegranskat)abstract
- This paper explores the interaction between human capital and innovation in the process of economic growth. Using a model of endogenous growth, we focus on how taxes and other policy instruments affect the incentives to invest in human capital. In contrast to many other growth models we find that the taxation of human capital has a substantial negative effect on its accumulation. This in turn reduces innovation and, consequently, the income growth rate. More surprisingly, other policies that are intended to stimulate growth may have opposing effects on innovation and the accumulation of human capital. For example, while subsidies to research and to intermediate inputs do have positive effects on innovation and growth, they lead to a lower stock of human capital, in the empirically relevant case when the elasticity of intertemporal substitution in consumption is low.
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| 4. |
- Eriksson, Clas, 1961-, et al.
(författare)
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Modelling the value of variable renewable electricity
- 2019
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Ingår i: Energy Procedia. - : Elsevier Ltd. - 1876-6102. ; , s. 3358-3362
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Konferensbidrag (refereegranskat)abstract
- This paper analyzes a simple microeconomic model of electricity market equilibrium. The parameter that shifts the demand between different points of time appears as an additive term. The equilibrium analysis can then be conveniently focused on the relation between two quantities, namely the electricity supply from intermittent sources and the subsistence level of electricity use. Our model is able to mimic the common empirical finding that a higher penetration of variable renewable electricity leads to a lower value factor for this type of power sources.
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| 7. |
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| 8. |
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| 9. |
- Papahristodoulou, Christos, 1955-
(författare)
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Competition for Increased welfare
- 1992
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Ingår i: Ekonomisk Debatt. - 0345-2646. ; 3
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Recension (övrigt vetenskapligt/konstnärligt)
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| 10. |
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