My research spans climate policy, industrial organization, and energy economics. I’m especially interested in the design and impacts of carbon pricing; the economics of cost pass-through; and competition, regulation and strategy in the energy industry.
My Google Scholar page is here
Carbon pricing & climate policy
I have published on a range of topics including carbon market design; carbon competitiveness and carbon leakage; and the role of carbon pricing within the climate policy mix:
Overlapping climate policies, November 2024 (with Grischa Perino & Arthur van Benthem), The Economic Journal, forthcoming
The European Union’s CBAM: Averting emissions leakage or promoting the diffusion of carbon pricing? (with Michael Mehling & Geoffroy Dolphin), September 2024
From theory to practice: Determining emissions in traded goods under a border carbon adjustment, Oxford Review of Economic Policy 2023 (with Michael Mehling)
Global carbon price asymmetry, Journal of Environmental Economics & Management 2022
Carbon pricing and industrial competitiveness: Border adjustment or free allocation?, May 2022, under revision
Border carbon adjustments and industrial competitiveness in a European Green Deal, Climate Policy 2021 (with Stuart Evans, Michael Mehling & Paul Sammon)
Carbon cost pass-through in energy-intensive industrial sectors, December 2020 (with Karsten Neuhoff), revise & resubmit at The Energy Journal
The political economy of a carbon price floor for power generation, The Energy Journal 2019 (with David Newbery & David Reiner)
Does the social cost of carbon matter? Evidence from US policy, Journal of Legal Studies 2015 (with Robert Hahn)
Emissions trading with profit-neutral permit allocations, Journal of Public Economics 2013 (with Cameron Hepburn & John Quah)
Thinking through the climate change challenge, Climate Change and Common Sense: Essays in Honour of Tom Schelling, Robert Hahn & Alistair Ulph (eds.), Oxford University Press, 2012 (with Robert Hahn, Alistair Ulph & 22 others)
Carbon leakage under incomplete environmental regulation: An industry-level approach, Working Paper 461, Department of Economics, Oxford University, November 2009
Industrial organization & financial economics
I have published on a range of topics including cost pass-through; strategic competition & market performance; executive compensation; and pricing & risk in banking:
Does competition increase pass-through?, RAND Journal of Economics 2024
Linking executive compensation to climate performance, California Management Review 2022
Generalized linear competition: From pass-through to policy, July 2020 (with Christos Genakos & Felix Grey), under revision
Oligopolistic competition and welfare, Handbook of Game Theory & Industrial Organization, Luis Corchon & Marco Marini (eds.), Edward Elgar, 2018
The simple economics of asymmetric cost pass-through, May 2015, under revision
How do banks respond to increased funding uncertainty?, Journal of Financial Intermediation 2015 (with Ansgar Walther)
On welfare losses due to imperfect competition, Journal of Industrial Economics 2014
A new version of Edgeworth's taxation paradox, Oxford Economic Papers 2014
Cost pass-through under delegation, The B.E. Journal of Theoretical Economics 2009
Influencing rent-seeking contests, Public Choice 2008
Strategic incentives for market share, International Journal of Industrial Organization 2008
Electricity market design & natural gas markets
I have published on a range of topics including electricity market design and regulation; renewable energy; and competition, pricing and strategy in global gas/LNG and oil markets:
Carbon cost pass-through in energy-intensive industrial sectors, December 2020 (with Karsten Neuhoff), revise & resubmit at The Energy Journal
Optimal capacity mechanisms for competitive electricity markets, The Energy Journal 2020 (with Par Holmberg)
A strategic perspective on competition between pipeline gas and LNG, The Energy Journal 2019
Strategic behaviour in a capacity market? The new Irish electricity market design, The Energy Journal 2019 (with Juha Teirila)
Market design for a high-renewables European electricity system, Renewable & Sustainable Energy Reviews 2018 (with David Newbery & Michael Pollitt)
OPEC vs US shale: Analyzing the shift to a market-share strategy, Energy Economics 2017 (with Alberto Behar)
How does renewables competition affect forward contracting in electricity markets?, Economics Letters 2016
Price discrimination and limits to arbitrage: An analysis of global LNG markets, Energy Economics 2014