The latest Energy Journal from the International Association of Energy Economics has landed on my doormat with a loud thud. The latest issue is 312 pages long.
In Volume 41, Number 6, I was struck by the paper Are Energy Executives Rewarded For Luck? by Lucas Davis and Catherine Hausman, which looks at executive compensation data from 78 major US oil and gas companies over nearly a quarter of a century. The short answer seems to be “yes” : the paper finds that executive compensation rises with increasing oil prices more than it falls with decreasing oil prices. The paper concludes with a discussion of different executive compensation mechanisms that could be adopted, drawn from the wider literature.
The other paper that grabbed my attention was that on Locational Investment Signals by Anselm Eicke, Tarun Khanna and Lion Hirth. The paper looks at the locational factors affecting investment in power systems. The scope is wide, with analyses from Australia, Chile, France, Germany, India, Mexico, Norway, Sweden, UK and the USA. I haven’t read this piece in depth yet, but I feel that locational factors are underestimated in the literature, so i am looking forward to reviewing this in more detail.
There is plenty of other good material in the latest issue. Yes, I do still get it by post, but that’s the way I like to read things. For those who want the latest edition online, you can click on the link below (only available for IAEE members).