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State-mandated renewable portfolio standards affect substantial portions of the total U.S. electricity supply. Renewable portfolio standards are environmentally motivated policies, yet they have the potential to greatly impact economy. There is not an agreement in the literature on the impact of renewable portfolio standards policies on regional economies, especially on job creation. By integrating various methodologies including econometrics, geographic information system, and input–output analysis into a unique system dynamics model, this paper estimates the economic and environmental impacts of various renewable portfolio standards scenarios in the state of New Mexico, located in Southwestern U.S. The state is endowed with traditional fossil fuel resources and substantial renewable energy potential. In this work we estimated and compared the economic and environmental tradeoffs at the county level under three renewable portfolio standards: New Mexico’s original standard of 20% renewables, the recently adopted 100% renewables standard, and a reduced renewable standard of 10%. The final one would be a return to a more traditional generation profile. We found that while the 20% standard has the highest market-based economic impact on the state as a whole, it is not significantly different from other scenarios. However, when environmental impacts are included, the 100% standard yields the highest value. In addition, while the state level economic impacts across the three scenarios are not significantly different, the county-level impacts are substantial. This is especially important for a state like New Mexico, which has a high reliance on energy for economic development. A higher renewable portfolio standard appears to be an economic tool to stimulate targeted areas’ economic growth. These results have policy implications.
Jamal Mamkhezri; Leonard Malczynski; Janie Chermak. Assessing the Economic and Environmental Impacts of Alternative Renewable Portfolio Standards: Winners and Losers. Energies 2021, 14, 3319 .
AMA StyleJamal Mamkhezri, Leonard Malczynski, Janie Chermak. Assessing the Economic and Environmental Impacts of Alternative Renewable Portfolio Standards: Winners and Losers. Energies. 2021; 14 (11):3319.
Chicago/Turabian StyleJamal Mamkhezri; Leonard Malczynski; Janie Chermak. 2021. "Assessing the Economic and Environmental Impacts of Alternative Renewable Portfolio Standards: Winners and Losers." Energies 14, no. 11: 3319.
This study presents a conceptual framework for capturing the spatial and temporal aspects of non-market dimensions of value (DOV) and how they vary as the result of policy changes for hydropower generation and developed water uses. The foundation of this project is a literature review that reveals that focused, sector specific valuations are no longer adequate if the goal is to provide decision makers with a complete understanding of their decisions. Rather, estimates of non-market values for informing decisions regarding dam operations and/or other water management alternatives must consider the entire spectrum of market and non-market values, and the tradeoffs (both positive and negative) between those values over time and space, while considering shifting preferences in an uncertain environment. This document describes the history and reasoning for these conclusions and presents a conceptual framework for understanding non-market values as a function of changes to hydropower operations and water resources management.
Thomas Stephen Lowry; Janie M. Chermak; David S. Brookshire; Calvin Shaneyfelt; Peter H. Kobos. Measuring Non-Market Values for Hydropower Production and Water Storage on the Colorado River: A White Paper Investigation. Measuring Non-Market Values for Hydropower Production and Water Storage on the Colorado River: A White Paper Investigation. 2017, 1 .
AMA StyleThomas Stephen Lowry, Janie M. Chermak, David S. Brookshire, Calvin Shaneyfelt, Peter H. Kobos. Measuring Non-Market Values for Hydropower Production and Water Storage on the Colorado River: A White Paper Investigation. Measuring Non-Market Values for Hydropower Production and Water Storage on the Colorado River: A White Paper Investigation.. 2017; ():1.
Chicago/Turabian StyleThomas Stephen Lowry; Janie M. Chermak; David S. Brookshire; Calvin Shaneyfelt; Peter H. Kobos. 2017. "Measuring Non-Market Values for Hydropower Production and Water Storage on the Colorado River: A White Paper Investigation." Measuring Non-Market Values for Hydropower Production and Water Storage on the Colorado River: A White Paper Investigation. , no. : 1.
Residential rebate programs for low-flow water devices have become increasingly popular as a means of reducing urban water demand. Although program specifics vary, low-flow rebates are available in most U.S. metropolitan areas, as well as in many smaller municipalities. Despite their popularity, few statistical analyses have been conducted regarding the effects of low-flow rebates on household water use. In this paper, we consider the effects of rebates from the Albuquerque Bernalillo County Water Utility Authority (ABCWUA). Using panel regression techniques with a database of rebate recipients, we estimate the marginal effects of various low-flow devices on household water demand. Results indicate a negative correlation between household water use and the presence of most low-flow devices, after controlling for water price and weather conditions. Low-flow toilets have the greatest impact on water use, while low-flow washing machines, dishwashers, showerheads, and xeriscape have smaller but significant effects. In contrast, air conditioning systems, hot water recirculators, and rain barrels have no significant impact on water use. We also test for possible rebound effects (i.e. whether low-flow appliances become less-effective over time due to poor rates of retention or behavioral changes) and compare the cost effectiveness of each rebate using levelised-costs. We find no evidence of rebound effects and substantial variation in levelised-costs, with low-flow showerheads being the most cost-effective device under the current ABCWUA rebate program. The latter result suggests that water providers can improve the efficiency of rebate programs by targeting the most cost-effective devices.
James I. Price; Janie M. Chermak; Jeff Felardo. Low-flow appliances and household water demand: An evaluation of demand-side management policy in Albuquerque, New Mexico. Journal of Environmental Management 2014, 133, 37 -44.
AMA StyleJames I. Price, Janie M. Chermak, Jeff Felardo. Low-flow appliances and household water demand: An evaluation of demand-side management policy in Albuquerque, New Mexico. Journal of Environmental Management. 2014; 133 ():37-44.
Chicago/Turabian StyleJames I. Price; Janie M. Chermak; Jeff Felardo. 2014. "Low-flow appliances and household water demand: An evaluation of demand-side management policy in Albuquerque, New Mexico." Journal of Environmental Management 133, no. : 37-44.
Janie M. Chermak; David S. Brookshire; H. Stu Burness; Kate Krause. MOVING FORWARD BY LOOKING BACK: COMPARING LABORATORY RESULTS WITH EX ANTE MARKET DATA. Economic Inquiry 2011, 51, 1035 -1049.
AMA StyleJanie M. Chermak, David S. Brookshire, H. Stu Burness, Kate Krause. MOVING FORWARD BY LOOKING BACK: COMPARING LABORATORY RESULTS WITH EX ANTE MARKET DATA. Economic Inquiry. 2011; 51 (1):1035-1049.
Chicago/Turabian StyleJanie M. Chermak; David S. Brookshire; H. Stu Burness; Kate Krause. 2011. "MOVING FORWARD BY LOOKING BACK: COMPARING LABORATORY RESULTS WITH EX ANTE MARKET DATA." Economic Inquiry 51, no. 1: 1035-1049.
This study examines detailed data for faculty at a typical public research university in the United States between 1995 and 2004 to explore whether gender wage differentials can be explained by productivity differences. The level of detail – including the number of courses taught, enrollment, grant dollars, and number and impact of publications – largely eliminates the problem of unmeasured productivity, and the restriction to one firm eliminates unmeasured work conditions that confound investigations of wider labor markets. The authors find that direct productivity measures reduce the gender wage penalty to about 3 percent, only 1 percentage point lower than estimates from national studies of many institutions and with fewer productivity controls. The wage structure for women faculty differs markedly from the wage structure for men. Interpreted against the institutional features of wage setting for this population, the paper concludes that penalties for women arise at the department level.
Melissa Binder; Kate Krause; Janie Chermak; Jennifer Thacher; Julia Gilroy. Same Work, Different Pay? Evidence from a US Public University. Feminist Economics 2010, 16, 105 -135.
AMA StyleMelissa Binder, Kate Krause, Janie Chermak, Jennifer Thacher, Julia Gilroy. Same Work, Different Pay? Evidence from a US Public University. Feminist Economics. 2010; 16 (4):105-135.
Chicago/Turabian StyleMelissa Binder; Kate Krause; Janie Chermak; Jennifer Thacher; Julia Gilroy. 2010. "Same Work, Different Pay? Evidence from a US Public University." Feminist Economics 16, no. 4: 105-135.
This paper presents a general model of optimal water management for a transboundary aquifer under three different management approaches: cooperative, noncooperative, and myopic. Comparing the results from the approaches, we find the cooperative solution, where a single management plan is executed for all parts of the aquifer, results in the highest level of net social welfare, followed by the noncooperative and then the myopic. The trade-offs we find for the higher levels of welfare are lower use levels in the earlier periods. We present a short discussion of factors that can increase the inefficiencies of the models and suggest directions for future research.
Janie M. Chermak; Robert H. Patrick; David S. Brookshire. Economics of Transboundary Aquifer Management. Groundwater 2005, 43, 731 -736.
AMA StyleJanie M. Chermak, Robert H. Patrick, David S. Brookshire. Economics of Transboundary Aquifer Management. Groundwater. 2005; 43 (5):731-736.
Chicago/Turabian StyleJanie M. Chermak; Robert H. Patrick; David S. Brookshire. 2005. "Economics of Transboundary Aquifer Management." Groundwater 43, no. 5: 731-736.
The empirical relevance of Hotelling’s exhaustible resource theory has been tested with primarily negative results. Tests have been performed on various resources, at different levels of aggregation, with varying market structures, and over different time periods. Consequently, it is difficult to draw any general conclusions concerning the theory’s applicability in explaining producer behavior, given the assumptions and restrictions implicit in the data and tests. This paper compares test results when the implicit restrictions associated with the data are removed. Employing a single data set we compare the results for four published tests. Even with this uniform data set, two approaches reject the theory while two do not.
Janie M. Chermak; Robert H. Patrick. Comparing tests of the theory of exhaustible resources. Resource and Energy Economics 2002, 24, 301 -325.
AMA StyleJanie M. Chermak, Robert H. Patrick. Comparing tests of the theory of exhaustible resources. Resource and Energy Economics. 2002; 24 (4):301-325.
Chicago/Turabian StyleJanie M. Chermak; Robert H. Patrick. 2002. "Comparing tests of the theory of exhaustible resources." Resource and Energy Economics 24, no. 4: 301-325.
Energy association dealing with policy and economics of oil, natural gas,electricity restructuring, transportation, exploration, energy conferences, environmental, alternative fuels, and OPEC studies
Janie M. Chermak; Robert H. Patrick. Technological Advancement and the Recovery of Natural Gas: The Value of Information. The Energy Journal 1995, 16, 1 .
AMA StyleJanie M. Chermak, Robert H. Patrick. Technological Advancement and the Recovery of Natural Gas: The Value of Information. The Energy Journal. 1995; 16 (1):1.
Chicago/Turabian StyleJanie M. Chermak; Robert H. Patrick. 1995. "Technological Advancement and the Recovery of Natural Gas: The Value of Information." The Energy Journal 16, no. 1: 1.
The natural gas industry is characterized by regulatory change and uncertainty as the Federal Regulatory Energy Commission’s (FERC) Order 636 regulations evolve. Complex issues arise across three distinct activities in the industry: (1) exploration and production, (2) transportation and storage, and (3) distribution. Each activity plays an integral part in the productivity, profitability, and efficiency of the others. Current federal mandates are targeted towards increased market competition through undbundled services and streamlined regulations. However, the assorted levels of regulation (federal and state), FERC’ s lack of comprehensive regulatory guidelines, and the impetus behind the current simple fixed variable (SFV) pricing scheme for transportation, lead to important questions concerning the overall effectiveness of natural gas regulation. In order to encourage market competition, while ensuring consumers an adequate supply of natural gas at reasonable prices, a regulatory scheme should be adopted which encourages transporters of gas to offer their services at the lowest feasible price.
Janie M. Chermak; Robert H. Patrick. Incentives in Pipeline Pricing and Capacity. Incentive Regulation for Public Utilities 1994, 157 -184.
AMA StyleJanie M. Chermak, Robert H. Patrick. Incentives in Pipeline Pricing and Capacity. Incentive Regulation for Public Utilities. 1994; ():157-184.
Chicago/Turabian StyleJanie M. Chermak; Robert H. Patrick. 1994. "Incentives in Pipeline Pricing and Capacity." Incentive Regulation for Public Utilities , no. : 157-184.