Start-up costs and market power: Lessons from the renewable energy transition

A Jha, G Leslie - American Economic Review, 2025 - pubs.aeaweb.org
Firms expect to recover the fixed costs required to start production by earning positive
operating profits in subsequent periods. We develop a dynamic competitive benchmark that …

Challenges in the Consumer‐Side of the Energy Transition

A La Nauze, F Menezes - Australian Economic Review, 2024 - Wiley Online Library
The decarbonisation of the Australian economy relies on the transition of the electricity grid
from fossil fuel to renewable sources. In this paper, we briefly summarise the logic behind …