This textbook explains the main Economic Mechanisms behind Energy markets and assesses how governments can implement policies to improve how these markets function.
These shortcomings include the natural monopoly and the public-good character of e.
Adopting a micro-Economic perspective, the book systematically analyses the various types of market failures on the electricity and gas markets as well as coal, oil, hydrogen and heat markets to identify government policies that can improve welfare.
This textbook explains the main Economic Mechanisms behind Energy markets and assesses how governments can implement policies to improve how these markets function