The Economics of Ride-Hailing: Driver Revenue, Expenses and Taxes

In a new CEEPR Working Paper, the authors perform a detailed analysis of Uber and Lyft ride-hailing driver economics by pairing results from a survey of over 1100 drivers with detailed vehicle cost information. Results show that per hour worked, median profit from driving is $3.37/hour before taxes, and 74% of drivers earn less than the minimum wage in their state.

Reforming Electricity Markets for the Transition: Emerging Lessons from the UK's Bold Experiment

In 2013, the UK introduced radical market reform to meet the new challenges - a change which some critics denounced as a return to central planning, whilst others feared the costs. The results to date suggest that EMR is a step forwards, not backwards; but it is not the end of the story.

Subsidizing Fuel Efficient Cars: Evidence from China's Automobile Industry

In a new CEEPR Working Paper, the authors examine the response of vehicle purchase behavior to China’s largest national subsidy program for fuel efficient vehicles during 2010 and 2011.

The Use of Regression Statistics to Analyze Imperfect Pricing Policies

Corrective taxes can completely solve a variety of market failures, but actual policies are commonly forced to deviate from the theoretical ideal due to administrative or political constraints. A new CEEPR Working Paper presents a method that requires a minimum of market information to quantify the costs of imperfect pricing, using simple regression statistics.

What's Killing Nuclear Power in U.S. Electricity Markets?

Prices in U.S. electricity markets fell precipitously in recent years, driving several nuclear power plants to announce plans to close well before the end of their licensed operation. A new working paper provides the first empirical estimate of the geographically heterogeneous impact of three factors on the decline in market prices earned by nuclear plants in the PJM Interconnection between 2008-2016.

In The News

Feb 2, 2018

3 Questions: Transforming our electric power system

Christopher Knittel and Francis O'Sullivan, co-directors of the MITEI LCEC for Electric Power Systems Research, are exploring cleaner, more reliable, and more cost-effective solutions.

Jan 30, 2018

Jing Li: Applying economics to energy technology

Soon-to-be assistant professor of applied economics focuses on development and deployment solutions that can help the world move to a low-carbon future.

Jan 30, 2018

Is Massachusetts ready for carbon pricing?

On Jan. 25, a panel at MIT explored the benefits, costs, and political challenges involved in translating carbon pricing from concept into law in Massachusetts and beyond.

Jan 10, 2018

A Sector in Transition: Transportation in the 21st Century

MIT CEEPR, together with the Baker Institute, will host experts for a discussion focusing on the future of transportation. Registration is now open, please find details within.

Dec 18, 2017

Exploring Ethical Dimensions of Climate Negotiation

At this year’s United Nations Climate Change Conference (COP23), delegates from around the world worked on strategies to accelerate progress toward the goals of the 2015 Paris Agreement. In Bonn,...

Dec 4, 2017

Russia and the Post-Paris World: A New Energy Landscape?

In a new CEEPR working paper, the authors find that climate-related actions outside of Russia decrease Russia’s energy exports and lower Russia’s GDP growth rate. The paper offers suggestions for...

Nov 17, 2017

Helping Mexico Design an Effective Climate Policy

MIT researchers are working with the Mexican government on carbon pricing options to meet the country’s climate goals under the Paris Agreement.

Nov 3, 2017

Linking Heterogeneous Climate Policies (Consistent with the Paris Agreement)

International linkage of climate policies can play an important role in ensuring adequate climate ambition under the Paris Agreement. A new Working Paper looks at the opportunities for – and...

Sep 27, 2017

New Study Finds Expected Savings from School Energy Efficiency Upgrade Outpace Actual Returns

Innovative study finds energy efficiency investments made at California public schools may not provide as much benefit as officials expected.

Sep 26, 2017

Fuel-efficient Cars Often Paired with Gas Guzzlers, Study Finds

A study released Tuesday by economists at UC Davis, Yale, and MIT shows that families who own fuel-efficient cars tend to buy big, powerful gas guzzlers as their second vehicle, largely defeating...

Sep 15, 2017

Replacing Coal by Gas: An Effective Strategy to Reduce CO2 Emissions?

Now more than ever, natural gas is hoped to effectively help shale gas producing regions reduce their CO2 emissions, by largely replacing their coal energy input. At the same time, the domestic...

Aug 17, 2017

Black Carbon Problems in Transportation

Black carbon particulates in “soot” emissions have significant detrimental impacts on public health, climate change and food production; and diesel engines in the transportation sector are a major...


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