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BEGIN:VEVENT
DTSTAMP:20261002T075849
DTSTART;TZID=America/Detroit:20261007T093000
DTEND;TZID=America/Detroit:20261007T105000
SUMMARY:Workshop / Seminar:Plugging in the Wind and Sun: Grid Integration with Cost Externalities and Uncertainty\, joint with Gautam Gowrisankaran and Nicholas Ryan
DESCRIPTION:There is currently 140% as much renewable power capacity seeking to connect to the U.S. electric grid as total installed capacity. This backlog may result from project interdependencies causing uncertainty over how these costs evolve. We study the interconnection queue by which projects connect to the California electric grid. We find evidence of both congestion and cost sharing between projects\, and that many projects exit the queue quickly after their initial cost assessment. We embed these descriptive findings in a dynamic equilibrium model where potential projects choose to enter the queue\, face interdependent costs that evolve over time\, and ultimately decide whether to exit or sign a contract to connect. Counterfactuals show that removing insurance against cost reassessment increases decreases inter- connection costs 14.4%\, but auctioning spare grid capacity only encourages more profitable projects to contract.
UID:152048-21912765@events.umich.edu
URL:https://events.umich.edu/event/152048
CLASS:PUBLIC
STATUS:CONFIRMED
CATEGORIES:seminar,Environment,Energy,Economics
LOCATION:North Quad - 4300
CONTACT:
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BEGIN:VEVENT
DTSTAMP:20261005T091223
DTSTART;TZID=America/Detroit:20261014T093000
DTEND;TZID=America/Detroit:20261014T105000
SUMMARY:Workshop / Seminar:Winds of Change: Technical Progress and Learning by Doing in the Wind Industry
DESCRIPTION:We measure technical progress and cost declines in the wind turbine industry\, accounting for large quality improvements that have occurred over time. As in many industrial settings\, we do not observe costs. Instead\, we infer them by modeling the turbine procurement process\, and estimate the model on the near-universe of global commercial wind farms built from 2000 to 2019. We find that while commonly reported measures of price per unit of capacity fell by 30 percent during this time\, latent quality-adjusted costs fell by over 75 percent. Underpinning these cost declines\, we estimate substantial learning-by-doing. A doubling of manufacturing experience reduces manufacturing costs by 26 to 29 percent. Though inter-firm spillovers per unit are relatively small\, in aggregate\, they rationalize a significant portion of the cost reductions over time.
UID:151827-21912235@events.umich.edu
URL:https://events.umich.edu/event/151827
CLASS:PUBLIC
STATUS:CONFIRMED
CATEGORIES:Energy,Economics,Environment,seminar
LOCATION:North Quad - 4325
CONTACT:
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BEGIN:VEVENT
DTSTAMP:20260909T160101
DTSTART;TZID=America/Detroit:20261023T100000
DTEND;TZID=America/Detroit:20261023T112000
SUMMARY:Workshop / Seminar:Industrial Organization Seminar: Friday\, October 23
DESCRIPTION:--
UID:151850-21912269@events.umich.edu
URL:https://events.umich.edu/event/151850
CLASS:PUBLIC
STATUS:CONFIRMED
CATEGORIES:seminar,Economics,Industrial Organization
LOCATION:North Quad - 4300
CONTACT:
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BEGIN:VEVENT
DTSTAMP:20260909T160307
DTSTART;TZID=America/Detroit:20261030T100000
DTEND;TZID=America/Detroit:20261030T112000
SUMMARY:Workshop / Seminar:Joint Business Economics\, Industrial Organization\, and Energy & Environmental Economics Seminar: Friday\, October 30
DESCRIPTION:--
UID:151851-21912270@events.umich.edu
URL:https://events.umich.edu/event/151851
CLASS:PUBLIC
STATUS:CONFIRMED
CATEGORIES:Environment,Industrial Organization,seminar,Energy,Economics,Business
LOCATION:North Quad - 4300
CONTACT:
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BEGIN:VEVENT
DTSTAMP:20260909T160441
DTSTART;TZID=America/Detroit:20261106T100000
DTEND;TZID=America/Detroit:20261106T112000
SUMMARY:Workshop / Seminar:Industrial Organization Seminar: Friday\, November 6
DESCRIPTION:--
UID:151852-21912271@events.umich.edu
URL:https://events.umich.edu/event/151852
CLASS:PUBLIC
STATUS:CONFIRMED
CATEGORIES:Economics,Industrial Organization,seminar
LOCATION:North Quad - 4300
CONTACT:
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BEGIN:VEVENT
DTSTAMP:20260909T160558
DTSTART;TZID=America/Detroit:20261211T100000
DTEND;TZID=America/Detroit:20261211T112000
SUMMARY:Workshop / Seminar:Industrial Organization Seminar: Friday\, December 11
DESCRIPTION:--
UID:151853-21912272@events.umich.edu
URL:https://events.umich.edu/event/151853
CLASS:PUBLIC
STATUS:CONFIRMED
CATEGORIES:Economics,Industrial Organization,seminar
LOCATION:North Quad - 4300
CONTACT:
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