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How do we want to buy and sell electricity? Contrasting preferences from the United Kingdom and South Korea
IF 6.9 2区 经济学
Energy Research & Social Science Pub Date : 2025-04-26 DOI: 10.1016/j.erss.2025.104072
Eun Jin Lim, Michael J. Fell, David Shipworth
{"title":"How do we want to buy and sell electricity? Contrasting preferences from the United Kingdom and South Korea","authors":"Eun Jin Lim,&nbsp;Michael J. Fell,&nbsp;David Shipworth","doi":"10.1016/j.erss.2025.104072","DOIUrl":"10.1016/j.erss.2025.104072","url":null,"abstract":"<div><div>Electricity end-users play a crucial role in the energy transition. Their preferences shape the adoption of new electricity supply models, such as local energy markets and aggregator models. Whilst previous studies have explored end-user preferences, most have been conducted in liberalised electricity markets, and research on prosumer-specific preferences remains limited. To address these gaps, this study compares preferences of prosumers and consumers in two contrasting electricity market contexts: the liberalised United Kingdom (UK) and centralised South Korea (Korea). With a total sample of 536 respondents from the UK and 392 from Korea, discrete choice experiments were conducted to examine preferences for: (1) consumers buying electricity; (2) prosumers buying electricity; and (3) prosumers selling electricity. Findings indicate that end-user preferences in the UK and Korea differ, reflecting their distinct market structures. Korean end-users strongly prefer national and local governments as electricity generators or providers, whilst UK end-users favour non-profit organisations over private companies. Price emerged as the most important factor for buying and selling electricity, especially in the UK. Interestingly, when selling electricity, Korean prosumers preferred lower prices, suggesting avenues for further research into altruistic or collective motivations. Location factors, such as locally generated electricity, had minimal importance in both countries. Moreover, compared to the fixed-price option, end-users in both countries have yet to embrace alternative attributes, such as direct load control and peer-to-peer trading. Our study highlights the importance of socio-technical contexts in understanding end-user preferences for shaping energy transition policies.</div></div>","PeriodicalId":48384,"journal":{"name":"Energy Research & Social Science","volume":"125 ","pages":"Article 104072"},"PeriodicalIF":6.9,"publicationDate":"2025-04-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143874308","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Reuse of treated municipal wastewater in drylands: Multi-sector optimization analysis for middle Rio Grande case study
IF 3.8 3区 经济学
Utilities Policy Pub Date : 2025-04-26 DOI: 10.1016/j.jup.2025.101941
Oluwatosin A. Olofinsao, Jingjing Wang, Robert P. Berrens
{"title":"Reuse of treated municipal wastewater in drylands: Multi-sector optimization analysis for middle Rio Grande case study","authors":"Oluwatosin A. Olofinsao,&nbsp;Jingjing Wang,&nbsp;Robert P. Berrens","doi":"10.1016/j.jup.2025.101941","DOIUrl":"10.1016/j.jup.2025.101941","url":null,"abstract":"<div><div>Growing populations and water demands in drylands, exacerbated by climate change, strain freshwater resources. This study constructs a regional, multi-sector optimization model to explore the economic effects of alternatives for reusing treated municipal wastewater (TMW) in drylands. Focusing on the Middle Rio Grande Basin in the southwestern state of New Mexico, USA, this investigation innovatively considers agriculture as a nutrient sink. The analysis develops a theoretical optimization model for TMW reuse across three sectors simultaneously: agricultural (commercial farming); urban (greenspace provision); and environmental (river instream flow provision). A constrained optimization is used to calculate the value of water in the commercial crop farming sector, and the benefit transfer approach is used to obtain water values in the urban and environmental sectors. Results indicate that water is valued roughly comparably in urban greenspace ($205.26 per acre-foot) and environmental ($220.39 per acre-foot) sectors, and while agriculture acts as a nutrient sink it still realizes a much lower water value ($28.30 per acre-foot). Therefore, it is recommended that policymakers and the municipal authority prioritize the allocation of TMW for environmental flow and urban greenspace. Understanding water's economic value across alternative uses is crucial information for water policy and governance in water-scarce regions.</div></div>","PeriodicalId":23554,"journal":{"name":"Utilities Policy","volume":"95 ","pages":"Article 101941"},"PeriodicalIF":3.8,"publicationDate":"2025-04-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143877328","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Public acceptability of electric vehicle chargepoint installation in neighbourhoods: A psychometric approach to assess resident reaction
IF 6 1区 经济学
Cities Pub Date : 2025-04-26 DOI: 10.1016/j.cities.2025.105961
Craig Morton , Taimaz Larimian , Andrew Timmis , Falli Palaiologou , Cansu Masera , Fredrik Monsuur
{"title":"Public acceptability of electric vehicle chargepoint installation in neighbourhoods: A psychometric approach to assess resident reaction","authors":"Craig Morton ,&nbsp;Taimaz Larimian ,&nbsp;Andrew Timmis ,&nbsp;Falli Palaiologou ,&nbsp;Cansu Masera ,&nbsp;Fredrik Monsuur","doi":"10.1016/j.cities.2025.105961","DOIUrl":"10.1016/j.cities.2025.105961","url":null,"abstract":"<div><div>The installation of on-street Electric Vehicle chargepoints is starting to appear in residential locations to cater for households that lack access to off-street parking. Introducing changes to the public realm in neighbourhoods can be a sensitive issue, with residents pushing back on installations that they feel are unneeded or are a bad fit for the streetscape. To avoid such circumstances, an understanding of resident reaction to infrastructure installation would be useful when developing consultation strategies. This paper provides insights into this issue by examining public acceptability towards the deployment of Electric Vehicle chargepoints in residential settings. A psychometric approach is taken through the specification of a Structural Equation Model which explains acceptability to infrastructure by a multi-layered set of antecedent constructs. Results of the analysis indicate that perceptions of trust in the industry responsible for the chargepoints as well as awareness of environmental sustainability problems underpin public acceptability. In addition, reinforcing the positive issues surrounding the infrastructure in terms of the benefits that will materialise, the effectiveness of Electric Vehicle adoption at alleviating climate change, and the positive emotions associated with chargepoint availability are likely to boost acceptability.</div></div>","PeriodicalId":48405,"journal":{"name":"Cities","volume":"163 ","pages":"Article 105961"},"PeriodicalIF":6.0,"publicationDate":"2025-04-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143877256","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Corruption culture of multinationals: Evidence from China
IF 2.3 3区 经济学
Journal of Economic Behavior & Organization Pub Date : 2025-04-26 DOI: 10.1016/j.jebo.2025.107012
Haicheng Guo, Sibo Liu, Chaoqun Zhan
{"title":"Corruption culture of multinationals: Evidence from China","authors":"Haicheng Guo,&nbsp;Sibo Liu,&nbsp;Chaoqun Zhan","doi":"10.1016/j.jebo.2025.107012","DOIUrl":"10.1016/j.jebo.2025.107012","url":null,"abstract":"<div><div>Using administrative data and tax returns from multinational corporations, we investigate the impact of foreign cultural norms on corrupt practices within China. By leveraging time-varying ownership details of foreign shareholders, our research reveals that multinationals originating from countries with a prevalent corruption culture tend to exhibit greater corruption in China, as evidenced by increased entertainment costs, with a pronounced effect in industries with more rent-seeking activities. Corrupt foreign firms are more likely to secure subsidies and tax refunds from local governments and realize higher profitability. However, these practices lead to an insignificant change in their innovation outcomes. China’s anti-corruption campaign has significantly reduced the influence of foreign corruption culture, highlighting the importance of robust regulatory enforcement in shaping the behavior of foreign firms operating in emerging economies. Additionally, the influence of foreign culture extends to domestic firms, demonstrating a cultural spillover effect.</div></div>","PeriodicalId":48409,"journal":{"name":"Journal of Economic Behavior & Organization","volume":"234 ","pages":"Article 107012"},"PeriodicalIF":2.3,"publicationDate":"2025-04-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143874467","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Women in Charge: Evidence from Hospitals
IF 8 1区 经济学
Journal of Finance Pub Date : 2025-04-26 DOI: 10.1111/jofi.13455
KATHARINA LEWELLEN
{"title":"Women in Charge: Evidence from Hospitals","authors":"KATHARINA LEWELLEN","doi":"10.1111/jofi.13455","DOIUrl":"https://doi.org/10.1111/jofi.13455","url":null,"abstract":"The paper examines the decision‐making, compensation, and turnover of female CEOs in U.S. hospitals. Contrary to the literature on lower‐ranked executives and directors in public firms, there is no evidence that gender differences in preferences for risk or altruism affect decision‐making of hospital CEOs: corporate policies do not shift when women take (or leave) office, and male and female CEOs respond similarly to a major financial shock. However, female CEOs earn lower salaries, face flatter pay‐for‐performance incentives, and exhibit greater turnover after poor performance. Hospital boards behave as though they perceive female CEOs as less productive.","PeriodicalId":15753,"journal":{"name":"Journal of Finance","volume":"17 1","pages":""},"PeriodicalIF":8.0,"publicationDate":"2025-04-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143875918","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Navigating the shadows: Exploring the interaction between social progress and the shadow economy
IF 5.4 1区 经济学
World Development Pub Date : 2025-04-26 DOI: 10.1016/j.worlddev.2025.107042
Aziz N. Berdiev , James W. Saunoris
{"title":"Navigating the shadows: Exploring the interaction between social progress and the shadow economy","authors":"Aziz N. Berdiev ,&nbsp;James W. Saunoris","doi":"10.1016/j.worlddev.2025.107042","DOIUrl":"10.1016/j.worlddev.2025.107042","url":null,"abstract":"<div><div>This paper uniquely examines the noneconomic dimensions of a nation’s overall wellbeing by focusing on social progress and its impact on the shadow economy. The shadow economy serves an important function in a market economy by supplying goods and services that meet the social demands of society. We argue that deficits in social development, or social regression, prompt the expansion of the shadow economy. Employing cross-country panel data for 124 countries from 1991 to 2017 and two-way fixed effects instrumental variables estimation, the results show that advancements in social progress reduce the size of the underground sector. In terms of magnitude, the influence of social progress is nontrivial: a 1 percent increase in social progress reduces the shadow economy by about 2 percent. Moreover, considering the distinct dimensions of social performance, the findings reveal that improvements in basic human needs and opportunity aspects of social progress have the most robust effect in reducing the shadow economy. Our results underscore the value of investing in social development to curb the spread of the shadow economy.</div></div>","PeriodicalId":48463,"journal":{"name":"World Development","volume":"192 ","pages":"Article 107042"},"PeriodicalIF":5.4,"publicationDate":"2025-04-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143873475","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Energy transitions from individuals or aggregates? How consumer data sources shape agent-based simulations in the United States
IF 6.9 2区 经济学
Energy Research & Social Science Pub Date : 2025-04-26 DOI: 10.1016/j.erss.2025.104071
Gina Dello Russo , Philip Odonkor , Ashley Lytle , Lei Wu , Steven Hoffenson
{"title":"Energy transitions from individuals or aggregates? How consumer data sources shape agent-based simulations in the United States","authors":"Gina Dello Russo ,&nbsp;Philip Odonkor ,&nbsp;Ashley Lytle ,&nbsp;Lei Wu ,&nbsp;Steven Hoffenson","doi":"10.1016/j.erss.2025.104071","DOIUrl":"10.1016/j.erss.2025.104071","url":null,"abstract":"<div><div>As electricity systems evolve, accurately modeling consumer behavior is crucial for policy design and system planning. This study examines how different approaches to initializing consumer agents in electricity market simulations impact sustainability outcomes. We compare three strategies: (1) aggregate public data distributions, (2) aggregate survey data distributions, and (3) individual-level survey data from 839 respondents. Using New Jersey’s electricity market as a case study, we simulate household decisions on solar investments, clean-energy participation, and consumption over 40 years (2010–2050) with an agent-based model, running 500 Monte Carlo simulations per approach, validated against 2010–2020 historical data. Results reveal important trade-offs between modeling approaches. Aggregate public data models most accurately track historical consumption and energy burden, while survey-based models, particularly individual-level, predict higher renewable adoption and program participation rates. The individual survey methodology captures greater behavioral heterogeneity and socioeconomic disparities, revealing potential energy justice concerns that remain hidden in aggregate models. Despite these differences, all approaches maintain comparable accuracy in predicting system-level metrics like total electricity consumption. These findings demonstrate that modeling outcomes are very sensitive to initialization highlighting the importance of aligning model design with the intended research question and available data.</div></div>","PeriodicalId":48384,"journal":{"name":"Energy Research & Social Science","volume":"125 ","pages":"Article 104071"},"PeriodicalIF":6.9,"publicationDate":"2025-04-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143874309","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
A simple model of managerial incentives with monitoring
IF 1.8 4区 经济学
International Review of Finance Pub Date : 2025-04-26 DOI: 10.1111/irfi.70019
Gino Loyola
{"title":"A simple model of managerial incentives with monitoring","authors":"Gino Loyola","doi":"10.1111/irfi.70019","DOIUrl":"https://doi.org/10.1111/irfi.70019","url":null,"abstract":"<p>We propose a model of corporate governance that characterizes the optimal managerial compensation scheme when the board of directors can monitor by auditing. The results reveal a significant substitution effect such that when monitoring is sufficiently weak, the optimal compensation depends on performance, but as it grows stronger, the incentive power of compensation declines. When monitoring is sufficiently strong, however, the compensation gives the manager full insurance. These properties are consistent with the reduction in executive pay-performance sensitivity observed after U.S. regulatory reforms aimed at improving corporate internal control.</p>","PeriodicalId":46664,"journal":{"name":"International Review of Finance","volume":"25 2","pages":""},"PeriodicalIF":1.8,"publicationDate":"2025-04-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143875537","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Do high power prices slow electrification? Some panel data evidence
IF 9.3 2区 经济学
Energy Policy Pub Date : 2025-04-26 DOI: 10.1016/j.enpol.2025.114630
Hillard Huntington
{"title":"Do high power prices slow electrification? Some panel data evidence","authors":"Hillard Huntington","doi":"10.1016/j.enpol.2025.114630","DOIUrl":"10.1016/j.enpol.2025.114630","url":null,"abstract":"<div><div>Electrifying household and economic activity remain a cornerstone of the transition towards deep decarbonization. This analysis conducts a cross-country evaluation through a pooled mean-group model based upon 33 OECD nations since 1980. Electrification is defined as electricity's share of the total energy system. The results show that electrification would have decreased by approximately 13–31 percent below other countries if the electricity price level had increased above other countries by 100 percent. Additional sensitivities show that symmetry between this response between price increases and price decreases depends upon whether GDP is exogenous. These estimates highlight the critical importance of finding new generation, transmission and distribution technologies that both reduce emissions and remain cost competitive. They also emphasize that any successful transition pathway must price electric power competitively based upon the opportunity costs of providing power. Efforts to bundle costly social programs and other expenses into power prices should be avoided.</div></div>","PeriodicalId":11672,"journal":{"name":"Energy Policy","volume":"203 ","pages":"Article 114630"},"PeriodicalIF":9.3,"publicationDate":"2025-04-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143874166","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Informal infrastructure provision: Self-organized street paving in Maputo, Mozambique
IF 6.5 1区 经济学
Habitat International Pub Date : 2025-04-26 DOI: 10.1016/j.habitatint.2025.103405
Remígio Chilaule , Johan Mottelson
{"title":"Informal infrastructure provision: Self-organized street paving in Maputo, Mozambique","authors":"Remígio Chilaule ,&nbsp;Johan Mottelson","doi":"10.1016/j.habitatint.2025.103405","DOIUrl":"10.1016/j.habitatint.2025.103405","url":null,"abstract":"<div><div>In the absence of state engagement in informal settlements, self-organized infrastructure provision has become a common yet understudied practice. This study examines self-organized paved streets in the informal settlement Maxaquene in Maputo, Mozambique. Using a mixed-methods approach involving semi-structured interviews, geospatial surveying, and photographic documentation, it finds that informally paved streets emerged recently and expanded to cover 11.7 % of public space over a three-year period. Residents coordinate funding and implementation to mitigate risk of erosion and property damage with limited involvement from authorities. Residents perceive public space in front of their plot as an extension of their property and consider it legitimate to invest in its development. Authorities express understanding for the need for infrastructure development but view it as temporary and an infringement on state responsibility. The study highlights a conceptual distinction between infrastructure developed by external centralized providers such as electricity and decentralized internal developments like paved streets. It identifies technical challenges, such as variations in quality and downstream issues. Considering the likelihood of continued lack of state engagement, the study discusses recommendations for utilizing self-organized infrastructure provision for informal settlement development, including standardized designs, financial pooling, and coordination to mitigate downstream issues.</div></div>","PeriodicalId":48376,"journal":{"name":"Habitat International","volume":"161 ","pages":"Article 103405"},"PeriodicalIF":6.5,"publicationDate":"2025-04-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143873626","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
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