Energy in a Competitive Market

Energy in a Competitive Market

Essays in Honour of Colin Robinson

Edited by Lester C. Hunt

This fine collection of original essays is in recognition of Colin Robinson, who has been at the forefront of thinking in energy economics for over 30 years. Energy in a Competitive Market brings together both prominent academics and practitioners to honour his outstanding and unique contribution. The authors cover a wide and fascinating selection of topics incorporating the whole spectrum of energy economics. In doing so, they examine the belief that markets are the key to the effective allocation of resources, a notion which arguably applies as much to energy as it does to any other commodity.

Introduction

Edited by Lester C. Hunt

Subjects: economics and finance, competition policy, energy economics, public sector economics

Extract

Lester C. Hunt Colin Robinson is an inspiration to energy economists the world over. His contribution to the study and understanding of energy markets and policy is outstanding. Colin worked as a business economist for eleven years, initially for Procter & Gamble and then as Head of the Economics Division of Corporate Planning for the Esso Petroleum Company. This was followed by his appointment as Professor of Economics at the University of Surrey in 1968. At Surrey he developed and led the Department of Economics for many years and in particular cultivated the study of energy economics, with the Surrey Energy Economics Centre (SEEC) being established in the early 1980s. SEEC became the focus of research into energy economics and policy with a specialized MSc in energy economics that still runs today, with many past students and scholars benefiting from Colin’s teaching, supervision and general inspiration. Since formally retiring from his Chair in the late 1990s, Colin has remained as active as ever. He is Emeritus Professor at the University of Surrey and continues to contribute to the teaching of energy economics and the research of SEEC. In addition he is editorial director of the Institute of Economics in London. Colin continues to write on energy economics and is sole or joint author of many exceptional publications, including over 20 books and monographs and over 150 learned articles. This is a remarkable achievement. However, it is even more remarkable than the quantity of his excellent writings for two main reasons....