Details about David M Newbery

E-mail:
Homepage:	http://www.econ.cam.ac.uk/dae/people/newbery/index.htm
Phone:	+44 1223 335248
Postal address:	Faculty of Economics Sidgwick Avenue Cambridge England CB3 9DE
Workplace:	Centre for Economic Policy Research (CEPR), (more information at EDIRC) Department of Applied Economics, Faculty of Economics, University of Cambridge, (more information at EDIRC)

Access statistics for papers by David M Newbery.

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Short-id: pne15

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Working Papers

2009

1. Predicting Market Power in Wholesale Electricity Markets
   RSCAS Working Papers, European University Institute
   Also in EUI-RSCAS Working Papers, European University Institute (EUI), Robert Schuman Centre of Advanced Studies (RSCAS) (2009)
   Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge (2008)

2008

2. Accounting for and finance of generation investment
   Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge
3. Analytic Solutions for Supply Function Equilibria: Uniqueness and Stability
   Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge
4. Horizontal Inequity and Vertical Redistribution with Indirect Taxes: the Greek Case
   Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge
   See also Journal Article in Fiscal Studies (2008)
5. Supply Function Equilibria: Step Functions and Continuous Representations
   Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge

2007

6. Pricing Carbon For Electricity Generation: National And International Dimensions
   Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge

2006

7. Calculating The Social Cost Of Carbon
   Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge View citations
8. Climate change policy and its effect on market power in the gas market
   Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge View citations
   See also Journal Article in Journal of the European Economic Association (2008)
9. Market design
   Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge View citations
10. Power sector reform, private investment and regional co-operation
    Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge View citations
11. The relationship between regulation and competition policy for network utilities
    Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge View citations
12. Using Probabilistic Analysis to Value Power Generation Investments Under Uncertainty
    Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge View citations

2005

13. A Review of the Monitoring of Market Power The Possible Roles of TSOs in Monitoring for Market Power Issues in Congested Transmission Systems
    Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge
    Also in Working Papers, Massachusetts Institute of Technology, Center for Energy and Environmental Policy Research (2005)
14. Core indicators for determinants and performance of the electricity sector in developing countries
    Policy Research Working Paper Series, The World Bank
15. Electricity sector reform in developing countries: a survey of empirical evidence on determinants and performance
    Policy Research Working Paper Series, The World Bank View citations
    Also in Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge (2004) View citations
16. Long-term Framework for Electricity Distribution Access Charges
    Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge View citations
17. Nuclear Power: a Hedge against Uncertain Gas and Carbon Prices?
    Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge View citations
18. Should Merchant Transmission Investment be Subject to a Must-offer Provision?
    Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge View citations
    See also Journal Article in Journal of Regulatory Economics (2006)
19. Why Tax Energy? Towards a More Rational Energy Policy
    Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge View citations

2004

20. Core Indicators for Determinants and Performance of Electricity Sector in Developing Countries
    Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge View citations
21. Electricity Liberalisation in Britain: the quest for a satisfactory wholesale market design
    Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge View citations
22. Electricity transmission: an overview of the current debate
    Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge View citations
    See also Journal Article in Utilities Policy (2005)
23. Generation Adequacy and Investment Incentives in Britain: from the Pool to NETA
    Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge View citations
24. Integrating Energy Markets: Does Sequencing Matter?
    Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge
25. Privatising Network Industries
    CESifo Working Paper Series, CESifo Group Munich View citations

2003

26. Mediating Market Power in Electricity Networks
    Industrial Organization, EconWPA View citations
    Also in Department of Economics, Working Paper Series, Department of Economics, Institute for Business and Economic Research, UC Berkeley (2002) View citations

2002

27. Allocating Transmission to Mitigate Market Power in Electricity Networks
    Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge View citations
28. Auctions and trading in energy markets -- an economic analysis
    Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge View citations
29. Economic Reform in Europe: Integrating and Liberalizing the Market for Services
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
    See also Journal Article in Utilities Policy (2001)
30. Estimating Urban Road Congestion Charges
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
31. Estimating Urban Road Congestion Costs
    Royal Economic Society Annual Conference 2002, Royal Economic Society
32. Indirect Taxation in Greece: Evaluation and Possible Reform
    CESifo Working Paper Series, CESifo Group Munich View citations
    See also Journal Article in Asia-Pacific Financial Markets (2003)
33. Issues and Options for Restructuring Electricity Supply Industries
    Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge View citations
34. Regulatory Challenges to European Electricity Liberalisation
    Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge View citations

2001

35. Urban Congestion Charging: Theory, Practice and Environmental Consequences
    CESifo Working Paper Series, CESifo Group Munich

2000

36. Comparing Investment on New Transport Infrastructure: Roads vs. Railways?
    Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge
37. Investment, Reprocurement and Franchise Contract Length in the British Railway Industry
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
38. The Environmental Benefits from Road Pricing
    Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge View citations

1997

39. Competition, Contracts and Entry in the Electricity Spot Market
    Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge View citations
    See also Journal Article in RAND Journal of Economics (1998)
40. Pool Reform and Competition in Electricity, forthcoming in M. Beesley (ed.), Lectures on Regulation Series VII, London, Institute of Economic Affairs
    Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge
41. The Burden and Disincentive Effects of Hungarian Personal Taxes 1988-96
    CEPR Discussion Papers, C.E.P.R. Discussion Papers

1996

42. Privatisation and Liberalisation of Network Utilities
    Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge View citations
    See also Journal Article in European Economic Review (1997)
43. The Restructuring and Privatisation of the CEGB: Was It Worth It?
    Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge View citations

1995

44. Regulatory Policies and Reform in the Electricity Supply Industry
    Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge
45. Tax and Benefit Reform in Central and Eastern Europe
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations

1992

46. Market Concentration and Competition in Eastern Europe
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
47. The Role of Public Enterprises in the National Economy
    Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge View citations

1991

48. An Analysis of the Hungarian Tax Reform
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
49. Capacity-Constrained Supply Function Equilibria: Competition and Entry in the Electricity Spot Market and Competition and Regulation in English Electricity Industry
    Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge
50. Competition in the British Electricity Spot Market
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
    See also Journal Article in Journal of Political Economy (1992)
51. Sequencing the Transition
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
52. Smoothing Primary Exporters' Price Risks: Bonds, Futures, Options and Insurance
    Working Papers, Yale - Economic Growth Center
    See also Journal Article in Oxford Economic Papers (1992)

1990

53. Acid Rain
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
54. Alternative instruments for smoothing the consumption of primary commodity exporters
    Policy Research Working Paper Series, The World Bank View citations
55. GROWTH, EXTERNALITIES AND TAXATION
    Working Papers, Cambridge - Risk, Information & Quantity Signals
    See also Journal Article in Scottish Journal of Political Economy (1990)
56. Ghana's cocoa pricing policy
    Policy Research Working Paper Series, The World Bank View citations
57. Tax Reform, Trade Liberalisation and Industrial Restructuring in Hungary
    CEPR Discussion Papers, C.E.P.R. Discussion Papers

1989

58. Commodity bonds with put options for consumption smoothing by commodity- dependent exporters
    CUDARE Working Paper Series, University of California at Berkeley, Department of Agricultural and Resource Economics and Policy
59. Intertemporal Consistency Issues in Depletable Resources
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
    See also Chapter (1993)
60. Time-Consistent Oil Import Tariffs
    CEPR Discussion Papers, C.E.P.R. Discussion Papers

1988

61. Entry, Acquisition, and the Value of Shark Repellent
    Economics Working Papers, University of California at Berkeley
62. ROAD TRANSPORT TAXATION IN DEVELOPING COUNTRIES
    World Bank - Discussion Papers, World Bank View citations
63. Regulation Games
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
    Also in Economics Working Papers, University of California at Berkeley (1988) View citations

1987

64. Road User Charges in Britain
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
    See also Journal Article in Economic Journal (1987)

1986

65. Energy Policy Issues after Privatisation
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
66. The Privatisation of British Gas and the Possible Consequences for the European Gas Market
    CEPR Discussion Papers, C.E.P.R. Discussion Papers

1985

67. The Fundamental Theorem of Road User Charges
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
68. Wage Rigidity, Implicit Contracts, Unemployment and Economic Efficiency
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
    See also Journal Article in Economic Journal (1987)

1984

69. The Effect of Protection on Manufactured Exports from Developing Countries
    CEPR Discussion Papers, C.E.P.R. Discussion Papers

1978

70. Rational Expectations With Market Power: The Paradox of the Disadvantageous Tariff
    Working papers, Massachusetts Institute of Technology (MIT), Department of Economics View citations
71. Rational Expectations with Market Power - The Paradox of the Disadvantageous Tariff on Oil
    The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics

1969

72. An Analysis of the Importance of the Malleable Capital Assumption in Optimal Growth Models
    Cowles Foundation Discussion Papers, Cowles Foundation, Yale University
73. Investment, Savings and Employment in the Long-Run
    Cowles Foundation Discussion Papers, Cowles Foundation, Yale University
    See also Journal Article in International Economic Review (1972)
74. The Choice of Techniques in a Dual Economy
    Cowles Foundation Discussion Papers, Cowles Foundation, Yale University

Journal Articles

2008

1. Analytical Screens for Electricity Mergers
   Review of Industrial Organization, 2008, 32, (3), 217-239 View citations
2. Climate Change Policy and Its Effect on Market Power in the Gas Market
   Journal of the European Economic Association, 2008, 6, (4), 727-751 View citations
   See also Working Paper (2006)
3. Fuel mix diversification incentives in liberalized electricity markets: A Mean-Variance Portfolio theory approach
   Energy Economics, 2008, 30, (4), 1831-1849 View citations
4. Horizontal Inequity and Vertical Redistribution with Indirect Taxes: The Greek Case*
   Fiscal Studies, 2008, 29, (2), 257-284
   See also Working Paper (2008)

2006

5. Should merchant transmission investment be subject to a must-offer provision?
   Journal of Regulatory Economics, 2006, 30, (3), 233-260 View citations
   See also Working Paper (2005)

2005

6. Electricity transmission: An overview of the current debate
   Utilities Policy, 2005, 13, (2), 73-93 View citations
   See also Working Paper (2004)
7. Evolution of electricity markets: Does sequencing matter?
   Utilities Policy, 2005, 13, (2), 163-173
8. Integrating electricity transmission systems
   Utilities Policy, 2005, 13, (2), 69-71
9. Investment Incentives and Electricity Market Design: the British Experience
   Review of Network Economics, 2005, 4, (2), 93-128 View citations

2004

10. Allocating Transmission to Mitigate Market Power in Electricity Markets
    RAND Journal of Economics, 2004, 35, (4), 691-709 View citations
11. Redistributive impact of indirect tax reforms: Greece, 1988-2002
    Fiscal Studies, 2004, 25, (2), 225-247
12. Regulation and competition policy: longer-term boundaries
    Utilities Policy, 2004, 12, (2), 93-95

2003

13. Comparing Investments in New Transport Infrastructure: Roads versus Railways?
    Fiscal Studies, 2003, 24, (3), 275-315
14. Indirect Taxation in Greece: Evaluation and Possible Reform
    Asia-Pacific Financial Markets, 2003, 10, (5), 511-533 View citations
    Also in International Tax and Public Finance, 2003, 10, (5), 511-33 (2003) View citations
    See also Working Paper (2002)
15. Network capacity auctions: promise and problems
    Utilities Policy, 2003, 11, (1), 27-32

2002

16. Problems of liberalising the electricity industry
    European Economic Review, 2002, 46, (4-5), 919-927 View citations
17. Regulating Unbundled Network Utilities
    The Economic and Social Review, 2002, 33, (1), 23-41 View citations
18. The Impact of Structural and Contractual Arrangements on a Vertically Separated Railway
    The Economic and Social Review, 2002, 33, (1), 83-92 View citations

2001

19. Economic reform in Europe: integrating and liberalizing the market for services
    Utilities Policy, 2001, 10, (2), 85-97 View citations
    See also Working Paper (2002)

2000

20. The Evolution of the Tax Structure of a Reforming Transitional Economy: Hungary 1988–98
    International Tax and Public Finance, 2000, 7, (2), 209-240 View citations

1999

21. Road taxes, road user charges and earmarking
    Fiscal Studies, 1999, 20, (2), 103-132 View citations

1998

22. Competition, Contracts, and Entry in the Electricity Spot Market
    RAND Journal of Economics, 1998, 29, (4), 726-749 View citations
    See also Working Paper (1997)
23. The regulator's review of the English Electricity Pool
    Utilities Policy, 1998, 7, (3), 129-141 View citations

1997

24. Competition in the Electricity Industry in England and Wales
    Oxford Review of Economic Policy, 1997, 13, (1), 27-46 View citations
25. Determining the regulatory asset base for utility price regulation
    Utilities Policy, 1997, 6, (1), 1-8 View citations
26. Optimal tax rates and tax design during systemic reform
    Journal of Public Economics, 1997, 63, (2), 177-206 View citations
27. Privatisation and liberalisation of network utilities
    European Economic Review, 1997, 41, (3-5), 357-383 View citations
    See also Working Paper (1996)
28. The Restructuring and Privatization of Britain's CEGB--Was It Worth It?
    Journal of Industrial Economics, 1997, 45, (3), 269-303 View citations

1995

29. Removing coal subsidies: Implications for European electricity markets
    Energy Policy, 1995, 23, (6), 523-533
30. Royal Commission Report on Transport and the Environment--Economic Effects of Recommendations
    Economic Journal, 1995, 105, (432), 1258-72 View citations
31. The Distributional Impact of Price Changes in Hungary and the United Kingdom
    Economic Journal, 1995, 105, (431), 847-63 View citations

1994

32. The Dynamic Efficiency of Regulatory Constitutions
    RAND Journal of Economics, 1994, 25, (4), 538-554 View citations

1993

33. The Impact of EC Environmental Policy on British Coal
    Oxford Review of Economic Policy, 1993, 9, (4), 66-95 View citations
34. The regulation of the gas industry: lessons from electricity
    Fiscal Studies, 1993, 14, (2), 37-52 View citations
35. Transformation in mature versus emerging economies: Why has Hungary been less successful than China?
    China Economic Review, 1993, 4, (2), 89-116 View citations

1992

36. Agricultural pricing and public investment
    Journal of Public Economics, 1992, 47, (2), 253-271
37. Alternative Entry Paths: The Build or Buy Decision
    Journal of Economics & Management Strategy, 1992, 1, (1), 129-50 View citations
38. Competition in the British Electricity Spot Market
    Journal of Political Economy, 1992, 100, (5), 929-53 View citations
    See also Working Paper (1991)
39. Dynamically Consistent Oil Import Tariffs
    Canadian Journal of Economics, 1992, 25, (1), 1-21 View citations
40. Smoothing Primary Exporters' Price Risks: Bonds, Futures, Options and Insurance
    Oxford Economic Papers, 1992, 44, (4), 641-71 View citations
    See also Working Paper (1991)
41. The Open-Loop von Stackelberg Equilibrium in the Cartel versus Fringe Model: A Reply
    Economic Journal, 1992, 102, (415), 1485-87 View citations

1991

42. OPEC and the U.S. Oil Import Tariff
    Economic Journal, 1991, 101, (405), 303-13 View citations
43. Optimal tariffs on exhaustible resources
    Journal of International Economics, 1991, 30, (3-4), 285-299 View citations
44. Reform in Hungary: Sequencing and privatisation
    European Economic Review, 1991, 35, (2-3), 571-580 View citations

1990

45. Cartels, storage, and the suppression of futures markets
    European Economic Review, 1990, 34, (5), 1041-1060
46. Disadvantageous Oil Tariffs and Dynamic Consistency
    American Economic Review, 1990, 80, (1), 143-56 View citations
47. Growth, Externalities and Taxation
    Scottish Journal of Political Economy, 1990, 37, (4), 305-26
    See also Working Paper (1990)
48. Optimal Trade Taxes on Agriculture in Developing Countries
    Economic Journal, 1990, 100, (400), 180-92 View citations
49. Pricing and Congestion: Economic Principles Relevant to Pricing Roads
    Oxford Review of Economic Policy, 1990, 6, (2), 22-38 View citations
50. The Isolation Paradox and the Discount Rate for Benefit-Cost Analysis: A Comment
    The Quarterly Journal of Economics, 1990, 105, (1), 235-38 View citations

1989

51. Cost Recovery from Optimally Designed Roads
    Economica, 1989, 56, (222), 165-85 View citations
52. The Theory of Food Price Stabilisation
    Economic Journal, 1989, 99, (398), 1065-82 View citations

1988

53. Charging for Roads
    World Bank Research Observer, 1988, 3, (2), 119-38 View citations
54. On the accuracy of the mean-variance approximation for futures markets
    Economics Letters, 1988, 28, (1), 63-68 View citations
55. Road Damage Externalities and Road User Charges
    Econometrica, 1988, 56, (2), 295-316 View citations

1987

56. Road User Charges in Britain
    Economic Journal, 1987, 98, (390), 161-76 View citations
    See also Working Paper (1987)
57. Wage Rigidity, Implicit Contracts, Unemployment and Economic Efficiency
    Economic Journal, 1987, 97, (386), 416-30 View citations
    See also Working Paper (1985)
58. When Do Futures Destabilize Spot Prices?
    International Economic Review, 1987, 28, (2), 291-97 View citations

1986

59. On the desirability of input taxes
    Economics Letters, 1986, 20, (3), 267-270 View citations

1985

60. Setting the Price of Oil in a Distorted Economy
    Economic Journal, 1985, 95, (380a), 71-82 View citations

1984

61. Commodity Price Stabilization in Imperfect or Cartelized Markets
    Econometrica, 1984, 52, (3), 563-78 View citations
62. Pareto Inferior Trade
    Review of Economic Studies, 1984, 51, (1), 1-12 View citations
63. Preemptive Patenting and the Persistence of Monopoly: Reply
    American Economic Review, 1984, 74, (1), 251-53
64. Uncertain Innovation and the Persistence of Monopoly: Comment
    American Economic Review, 1984, 74, (1), 238-42 View citations

1982

65. Optimal Commodity Stock-piling Rules
    Oxford Economic Papers, 1982, 34, (3), 403-27 View citations
66. Preemptive Patenting and the Persistence of Monopoly
    American Economic Review, 1982, 72, (3), 514-26 View citations
67. Risk Aversion, Supply Response, and the Optimality of Random Prices: A Diagrammatic Analysis
    The Quarterly Journal of Economics, 1982, 97, (1), 1-26
68. The Choice of Techniques and the Optimality of Market Equilibrium with Rational Expectations
    Journal of Political Economy, 1982, 90, (2), 223-46 View citations

1981

69. Oil Prices, Cartels, and the Problem of Dynamic Inconsistency
    Economic Journal, 1981, 91, (363), 617-46 View citations

1979

70. The Theory of Commodity Price Stabilisation Rules: Welfare Impacts and Supply Responses
    Economic Journal, 1979, 89, (356), 799-817 View citations

1978

71. Stochastic Limit Pricing
    Bell Journal of Economics, 1978, 9, (1), 260-269 View citations

1977

72. Risk Sharing, Sharecropping and Uncertain Labour Markets
    Review of Economic Studies, 1977, 44, (3), 585-94 View citations

1976

73. The theory of environmental policy: W.J. Baumol and W.E. Oates (Prentice Hall, Englewood Cliffs, NJ, 1975) pp. xii+272, [UK pound]8.25
    Journal of Public Economics, 1976, 5, (1-2), 187-189

1975

74. Congestion and Over-exploitation of Free Access Resources
    Economica, 1975, 42, (167), 243-60 View citations

1974

75. Cropsharing Tenancy in Agriculture: Comment
    American Economic Review, 1974, 64, (6), 1060-66
76. Experimental approach to the determination of the demand for public goods: A comment
    Journal of Public Economics, 1974, 3, (4), 425-429
77. The Robustness of Equilibrium Analysis in the Dual Economy
    Oxford Economic Papers, 1974, 26, (1), 32-41 View citations

1973

78. Multi-level planning: Case studies in Mexico: L.M. Goreux and A.S. Manne, eds., (North-Holland Publishing Company, Amsterdam, 1973) 556 pp
    Journal of Public Economics, 1973, 2, (4), 411-414

1972

79. Investment, Savings and Employment in the Long-Run
    International Economic Review, 1972, 13, (3), 460-75
    See also Working Paper (1969)
80. Public Policy in the Dual Economy
    Economic Journal, 1972, 82, (326), 567-90 View citations
81. The importance of malleable capital in optimal growth models
    Journal of Economic Theory, 1972, 5, (1), 21-41

1970

82. A theorem on the measurement of inequality
    Journal of Economic Theory, 1970, 2, (3), 264-266 View citations

Books

2002

1. Privatization, Restructuring, and Regulation of Network Utilities, vol 1
   MIT Press Books, The MIT Press View citations

Chapters

1993

1. Intertemporal consistency issues in depletable resources
   Chapter 19 in Handbook of Natural Resource and Energy Economics, 1993, vol. 3, pp 881-931 View citations
   See also Working Paper (1989)