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Do Political Contributions Purchase Regulatory Discretion In Mining Inspections?, Neil K. Malani
Do Political Contributions Purchase Regulatory Discretion In Mining Inspections?, Neil K. Malani
CMC Senior Theses
A vast literature acknowledges the corruptibility of regulators; however, empirical tests on the matter have been limited to two-agent models examining the rulemaking process and price regulation of natural monopolies. It remains an open question whether political contributions, by driving legislative pressure, can entice laxity from regulators in their application of the rules. To remedy this issue, I observe the highly-regulated coal mining industry for which there exists several points for inspector discretion. By comparing the outcomes with Congressional coal mining contribution levels, I am able to ascertain capture across several dimensions. Specifically, I find that contributions are associated with …
Energy Storage: Technology For A More Efficient Grid, Noah Proser
Energy Storage: Technology For A More Efficient Grid, Noah Proser
CMC Senior Theses
Energy storage technologies have the potential to revolutionize the electric grid by allowing for the integration of renewable generation while increasing the utilization and efficiency of current grid assets. These technologies include pumped hydroelectric storage, compressed air energy storage (CAES), flywheels, batteries, thermal energy storage (TES), super capacitors, and superconducting magnetic energy storage (SMES). While energy storage has been implemented in some areas, its benefits are greatly undervalued by current regulatory frameworks leading to suboptimal outcomes for grid operators, utilities, and ratepayers. Large-scale adoption of storage technologies will require regulatory frameworks that recognize the benefits of grid-scale storage across generation, …