Special Lecture: Economic Reform and China’s Energy Sectors
One of the central functions of a government is to set the ground rules for markets. China’s energy sectors have been undergoing a transition from government-run monopolies to markets for several decades. The reform process is not complete, resulting in important inefficiencies in the coal, electricity and natural gas sectors. In this talk I will present what I and my colleagues have learned about these sectors and the implications for the ongoing development of China’s economy. The presentation is based on three projects, two of which are covered in the papers below:
About the Instructor
Frederic Murphy, Ph.D.
Management Science, Operations Management / Professor, Temple University
Dr. Murphy has been teaching and practicing management science/operations research for over 30 years. Prior to coming to Temple University, he worked for the Energy Information Administration at the U.S. Department of Energy, forecasting and analyzing policy impacts on energy markets. He has continued working with the Energy Information Administration on modeling and developing solution algorithms for the major energy sectors in the National Energy Modeling System. His research areas include computing large-scale economic equilibria, understanding market power in electricity restructuring, and using market models to develop business strategies for commodity industries. His research has been supported by the National Science Foundation, US Department of Energy, and Shell and Amoco oil companies. He was also a recipient of the Musser Award for research.