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Books and Papers

Books

  1. 2020 How Democrats Win: Resisting the Dark Side of Radicalism.
    • Self-published. Jun., 170 pages. (pdf)
  2. 2020 Ripped Apart: How Democrats Can Fight Polarization to Win.
    • Self-published. Jan., 314 pages. (pdf)
  3. 2017 Global Carbon Pricing: The Path to Climate Cooperation
    • edited with Peter Cramton, David JC MacKay, and Axel Ockenfels, MIT Press, June, 309 pages. (pdf)
  4. 2012 Transmission Expansion for Renewable Energy Scale-Up: Emerging Lessons and Recommendations
    • with Marcelino Madrigal, World Bank Publications, July, 147 pages.
  5. 2010 Dépasser Copenhague, apprendre à coopérer: Propostition de politique post-Kyoto
    • with Mathieu Thomas, Éditions L’Harmattan, Sept., 157 pages.
    • 2009 Beyond Kyoto. Self-published, English version. (pdf)
  6. 2008 Carbonomics: How to Fix the Climate and Charge It to OPEC
  7. 2002 Power System Economics: Designing Markets for Electricity
    • Wiley-IEEE Press; May, 2002, 493 pages.

Published Op-Eds

  1. 2018 The path to climate cooperation
    • Reuters, August 30, sole author, but published with Peter Cramton and Axel Ockenfels.
  2. 2015 Price carbon — I will if you will
    • Nature, October. 15, with David J. C. MacKay, Peter Cramton, and Axel Ockenfels.
  3. 2009 A Carbon Protection Racket
    • Christian Science Monitor, July 27, with Daniel Kirschner.
  4. 2001 The Market Flaw California Overlooked
    • New York Times, January 2.

Published Papers

  1. 2015 Symposium on International Climate Negotiations (Intro)
    • with Peter Cramton and Axel Ockenfels, Economics of Energy & Environmental Policy, 4:2, 1-64, September. (All papers)
  2. 2015 An International Carbon-Price Commitment Promotes Cooperation
    • with Peter Cramton and Axel Ockenfels, Economics of Energy & Environmental Policy, 4:2, 51-64, September.
  3. 2013 Capacity Market Fundamentals
    • with Peter Cramton and Axel Ockenfels, Economics of Energy & Environmental Policy, 2:2.
  4. 2012 Global Climate Games: How Pricing and a Green Fund Foster Cooperation
    • with Peter Cramton,  Economics of Energy & Environmental Policy, 1:2, March.
    • Appendix and Spreadsheet
  5. 2012 How to Fix the Inefficiency of Global Cap and Trade
    • with Peter Cramton, The Economists’ Voice, April.
  6. 2010 Price is a Better Climate Commitment
  7. 2010 Research and Development Programs for Hydrogen: US and EU
    • with César Dopazo. Chapter 13 in Security of Supply in Europe: Natural Gas, Nuclear and Hydrogen, Edward Elgar. (Madrid slides, 2008)
  8. 2009 Flexible Global Carbon Pricing: A Backward-Compatible Upgrade for the Kyoto Protocol
    • European University Institute Working Paper No. RSCAS 2009/35, July, 2009.
  9. 2008 Forward Reliability Markets: Less Risk, Less Market Power, More Efficiency
    • with Peter Cramton, Utilities Policy, Vol. 16, #3, 194-201. Sept.
  10. 2007 Why We Need to Stick with Uniform-Price Auctions in Electricity Markets
    • with Peter Cramton, The Electricity Journal, Volume 20, Issue 1, January/February 2007.
  11. 2007 A Dynamic Analysis of a Demand-Curve-Based Capacity Market Proposal: The PJM Reliability Pricing Model
    • Hobbs, Hu, Inon, Stoft, Bhavaraju. IEEE Transactions on Power Systems, Volume 22:1, pp. 3–14.
  12. 2007 Transmission Investment in a Deregulated Power Market,
    • Chapter 2 in Competitive Electricity Markets and Sustainability, Edited by François Lévêque. Edward Elgar Publishers, January 2007.
  13. 2005 A Capacity Market that Makes Sense
    • with Peter Cramton, Electricity Journal, 18, 43-54, Aug/Sept.
  14. 2008 Forward Reliability Markets: Less Risk, Less Market Power, More Efficiency
    • with Peter Cramton, Utilities Policy, 16, 194-201, 2008.
  15. In progress. More listed below

Invited Talks and Lectures


Working Papers etc.

  1. 2014 Don’t Blame the Negotiators: Change the Climate Game
    • 3rd Mannheim Energy Conference, keynote address, May 5. Slides.
  2. 2013 How to Negotiate Ambitious Global Emissions Abatement
    • with Peter Cramton and Axel Ockenfels. Working paper, May.
  3. 2013 How to Fix Climate Policy and Why It Would Help Electricity Markets
    • EEM 13 Conference on the European Energy Market, keynote address, May 30. Slides.
  4. 2013 Transmission Loss Factor Rule and [Incremental] Loss Factor Methodology
    • with Ross Baldick, Before the Alberta Utilities Commission, July, 2013.
  5. 2011 Concurring Opinion on Economic Issues Raised by FERC Order 745, “Demand Response Compensation in Organized Wholesale Power Markets
  6. 2011 Transmission Loss Factor Rule and [Incremental] Loss Factor Methodology
    • Before the Alberta Utilities Commission, April, 2011.
  7. 2010 Global Carbon Pricing: A Better Climate Commitment
    • with Peter Cramton. World Bank talk, May 20. Slides (updated from February 24th talk, also at World Bank).
  8. 2010 Renewable Fuel and the Global Rebound Effect
    • Report for the Clean Air Task Force, May 19, 2010.
  9. 2009 Global Carbon Pricing: A Better Climate Commitment
    • with Peter Cramton, GEPC Research Paper 09-06, December (long version).
  • Under Construction. For more papers see here on Research Gate.
  • “The acquisition of Endesa by Gas Natural: Why antitrust authorities should be cautious,” (with François Lévêque, and others) The Electricity Journal, Vol. 19, Issue 2, March 2006.
  • “The Acquisition of Endesa by Gas Natural: An Antitrust Perspective”, (with Lévêque François and et al.) Journal of Network Industries – Competition and Regulation, Vol. 6, no 4, December 2005.
  • “The Demand for Operating Reserves: Key to Price Spikes and Investment.” IEEE Transactions on Power Systems, Vol. 18 (2): 470-477, Special Section on Tools for Managing Restructured Energy Systems, May 2003.
  • Installed capacity requirements and price caps: oil on the water, or fuel on the fire? With B. Hobbs and J. Iñón. Electricity Journal, July, 2001, 14(6): 23–34.
  • “The Competitive Effects of Transmission Capacity in a Deregulated Electricity Industry” with S. Borenstein and J. Bushnell, Rand Journal, Summer, 2000.
  • “PBR Designs for Transcos: Towards a Comparative Framework” with F. Graves, The Electricity Journal, September 2000.
  • “Using Game Theory to Study Market Power in Simple Networks,” in H. Singh, ed., Game Theory Applications in Electric Power Markets, IEEE Winter Power Meeting, IEEE, Parsippany, NJ, January 1999: 33-40.
  • “Financial Transmission Rights Meet Cournot: How TCCs Curb Market Power,” The Energy Journal, January 1999.
  • “Congestion Pricing with Fewer Prices Than Zones,” The Electricity Journal, May 1998: 23-31.
  • “Transmission Rights and Wrongs,” The Electricity Journal, December 1997: 91-95.
  • “What Should a Power Marketer Want?,” The Electricity Journal, June 1997: 34-45.
  • “Improving Private Incentives for Electric Grid Investment” with J. Bushnell, Resource and Energy Economics, 19 (1997) 85-108.
  • “The Theory and Practice of Decoupling Utility Revenues from Sales” with J. Eto and T. Beldon, Utilities Policy, Vol. 6, No. 1, 1997: 43-55.
  • “Zones: Simple or Complex?,” The Electricity Journal, January/February 1997: 24-31.
  • “California’s ISO: Why Not Clear the Market?,” The Electricity Journal, December 1996: 38-43.
  • “Electric Grid Investment Under a Contract Network Regime” with J. Bushnell, Journal of Regulatory Economics, July 1996: 61-79.
  • “Six Useful Observations for Designers of PBR Plans” with G. A. Comnes, N. Greene and L. Hill, The Electricity Journal, Vol. 9, No. 3, April 1996: 16-23.
  • “Grid Investment: Can a Market do the Job?” with J. Bushnell, The Electricity Journal, January 1996.
  • “The Economics of Conserved-Energy ‘Supply’ Curves,” The Energy Journal, Vol. 16, No. 4, 1995.
  • “Technical Efficiency, Production Functions and Conservation Supply Curves” with C. Blumstein, Energy Policy, Vol. 23, No 9 1995: 765-768.
  • “How High Are Option Values In Energy-Efficiency Investments?” with A. H. Sanstad and C. Blumstein, Energy Policy, Vol. 23, No. 9, 1995: 739-743.
  • “Market power in California electricity markets” with S. Borenstein, J. Bushnell and E. Kahn, Utilities Policy, Vol. 5, No. 3, 1995: 219-236.
  • “Impact of Power Purchases from Non-utilities on the Utility Cost of Capital” with E. Kahn and T. Beldon, Utilities Policy, Vol. 5, No. 1, 1995.
  • “A Review and Analysis of Electric Utility Conservation Incentives” with R. Gilbert, Yale Journal on Regulation, Vol. 11, No. 1, Winter 1994.
  • “Appliance Standards and the Welfare of Poor Families,” The Energy Journal, Vol. 14, No. 4., pp.123-128, Fall 1994.
  • “Coal Gasification in a De-Integrated Electric Industry” with E. Kahn, Utilities Policy, Vol. 4, No. 1, pp. 46-54, January 1994.
  • “Auction Markets for Dispatchable Power: How to Score the Bids” with E. Kahn, Journal of Regulatory Economics, Vol. 3, No. 3, September 1991: 275-86.
  • “Optimization Methods for Evaluating Competitive Bids from Private Producers” with E. Kahn, D. Berman and T. Grahame, IEEE Transactions on Power Systems, Vol. 6, No. 2, May 1991, pp. 729-735.
  • “Evaluation of Front Loading in Auctions for Wholesale Power” with E. Kahn, Utilities Policy, Vol. 1, No. 1, pp. 28-35, October 1990.
  • Mitigation via Option Contracts,” Electric Power Research Institute, Draft, March.
  • Stoft, Steven. 2004. Testimony on Behalf of ISO New England on Locational Installed Capacity Market Proposal, Submitted to Federal Energy Regulatory Commission, Docket Number ER03-563-030; Direct August 31.
  • Stoft, Steven. 2005. Testimony on Behalf of ISO New England on Locational Installed Capacity Market Proposal, Docket Number ER03-563-030; Rebuttal February 10.
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