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Publications
Climate Policy Reform Options in 2025
John Bistline, Kimberly A. Clausing, Neil R. Mehrotra, James H. Stock, and Catherine Wolfram
Bidding in Uniform Price Auctions for Value Maximizing Buyers
Negin Golrezaei and Sourav Sahoo
Shedding Light on Green Claims: The Impact of a Closer Temporal Alignment of Supply and Demand in Voluntary Green Electricity Markets
Hanna F. Scholta and Maximilian J. Blaschke
EU and US Approaches to Address Energy Poverty: Classifying and Evaluating Design Strategies
Peter Heller, Tim Schittekatte, and Carlos Batlle
Understanding the Future of Critical Raw Materials for the Energy Transition: SVAR Models for the U.S. Market
Ilenia Gaia Romani and Chiara Casoli
A Supply Curve for Forest-Based CO2 Removal
Sergio L. Franklin Jr. and Robert S. Pindyck
Research Commentary: Strategic Sector Investments are Poised to Benefit Distressed US Counties
Joseph Parilla, Glencora Haskins, Lily Bermel, Lisa Hansmann, Mark Muro, Ryan Cummings, and Brian Deese
Implications of the Inflation Reduction Act on Deployment of Low-Carbon Ammonia Technologies
Chi Kong Chyong, Eduardo Italiani, and Nikolaos Kazantzis
Learning in Repeated Multi-Unit Pay-As-Bid Auctions
Rigel Galgana and Negin Golrezaei
Online Learning in Multi-unit Auctions
Simina Brânzei, Mahsa Derakhshan, Negin Golrezaei, and Yanjun Han
Economic Implications of the Climate Provisions of the Inflation Reduction Act
John Bistline, Neil Mehrotra, and Catherine Wolfram
Research Commentary: Comments on Draft Revisions to OMB Circulars A-4 and A-94
Paul Joskow, Christopher Knittel, Deborah Lucas, Gilbert Metcalf, John Parsons, Robert Pindyck, and Richard Schmalensee
Exploring a Suitable Business Model for Nuclear Batteries
Santiago Andrade Aparicio and John E. Parsons
Money (Not) to Burn: Payments for Ecosystem Services to Reduce Crop Residue Burning
B. Kelsey Jack, Seema Jayachandran, Namrata Kala, and Rohini Pande
Research Commentary: Economy-Wide Decarbonization Requires Fixing Retail Electricity Rates
Tim Schittekatte, Dharik Mallapragada, Paul L. Joskow, and Richard Schmalensee
The Macroeconomic Impact of Europe’s Carbon Taxes
Gilbert E. Metcalf and James H. Stock
How Much Are Electric Vehicles Driven? Depends on the EV
Siddhi S. Doshi and Gilbert E. Metcalf
Natural Gas in the U.S. Southeast Power Sector under Deep Decarbonization: Modeling Technology and Policy Sensitivities
Aaron Schwartz, Jack Morris, and Dharik Mallapragada
Carbon Abatement Costs for Hydrogen Fuels in Hard-to-Abate Transport Sectors and Potential Climate Policy Mixes
Jonas Martin, Emil Dimanchev, and Anne Neumann
Rational Rationing: A Price-Control Mechanism for a Persistent Supply Shock
Reyer Gerlagh, Matti Liski, and Iivo Vehviläinen
The Macroeconomic Effects of a Carbon Tax to Meet the U.S. Paris Agreement Target: The Role of Firm Creation and Technology Adoption
Alan Finkelstein-Shapiro and Gilbert E. Metcalf
Sustainable Hydrogen Fuels versus Fossil Fuels for Trucking, Shipping and Aviation: A Dynamic Cost Model
Jonas Martin, Anne Neumann, and Anders Ødegård
When “Low-Hanging Fruit” Are Beyond Reach: Management Practices and Firm Energy Efficiency
Valerie J. Karplus and Da Zhang
Technology Neutral vs. Technology Specific Procurement
Natalia Fabra and Juan-Pablo Montero
Power Price Crisis in the EU: Unveiling Current Policy Responses and Proposing a Balanced Regulatory Remedy
Carlos Batlle, Tim Schittekatte, and Christopher R. Knittel
The Weak Tie Between Natural Gas and Oil Prices
David J. Ramberg and John E. Parsons
Gas Balancing Rules Must Take into account the Trade-off between Offering Pipeline Transport and Pipeline Flexibility in Liberalized Gas Markets
Nico Keyaerts, Michelle Hallack, Jean-Michel Glachant and William D'haeseleer
Comparing the Costs of Intermittent and Dispatchable Electricity Generating Technologies
Paul L. Joskow
Modelling the Effects of Nuclear Fuel Reservoir Operation in a Competitive Electricity Market
Maria Lykidi, Jean-Michel Glachant and Pascal Gourdel
Taxation and the Extraction of Exhaustible Resources: Evidence From California Oil Production
Nirupama S. Rao
Speculation without Oil Stockpiling as a Signature: A Dynamic Perspective
Axel Pierru and Denis Babusiaux
Nuclear Fuel Recycling - the Value of the Separated Transuranics and the Levelized Cost of Electricity
Guillaume De Roo and John E. Parsons
Multi-Factor Model of Correlated Commodity - Forward Curves for Crude Oil and Shipping Markets
Paul D. Sclavounos and Per Einar Ellefsen
Forward Trading in Exhaustible-Resource Oligopoly
Matti Liski and Juan-Pablo Montero
Market Power and Electricity Market Reform in Northeast China
Xiaochun Zhang and John E. Parsons
The Macroeconomic Effects of Oil Price Shocks: Why are the 2000s so different from the 1970s?
Olivier J. Blanchard and Jordi Galí
First Evidence of Asymmetric Cost Pass-Through of EU Emissions Allowances: Examining Wholesale Electricity Prices in Germany
Georg Zachmann and Christian von Hirschhausen
Does Hazardous Waste Matter? Evidence from the Housing Market and the Superfund Program
Michael Greenstone and Justin Gallagher
The Convergence of Market Designs for Adequate Generating Capacity with Special Attention to the CAISO’s Resource Adequacy Problem
Peter Cramton and Steven Stoft
Efficient Bidding for Hydro Power Plants in Markets for Energy and Ancillary Services
Dmitri Perekhodtsev and Lester Lave
The Economic Impacts of Climate Change: Evidence from Agricultural Profits and Random Fluctuations in Weather
Olivier Deschênes and Michael Greenstone
$2.00 Gas! Studying the Effects of Gas Tax Moratorium
Joseph J. Doyle Jr., and Krislert Samphantharak
Market Power in a Storable-good Market: Theory and Applications to Carbon and Sulfur Trading
Matti Liski and Juan-Pablo Montero
Oil and Natural Gas Reserve Prices: Addendum to CEEPR WP 03-016: Including Results for 2003 and Revisions to 2001
M. A. Adelman and G. C. Watkins
Gasoline Price Spikes and Regional Gasoline Content Regulations: A Structural Approach
Erich J. Muehlegger
Does Competition Reduce Costs? Assessing the Impact of Regulatory Restructuring on U.S. Electric Generation Efficiency
Nancy L. Rose, Kira Markiewicz, and Catherine Wolfram
Oil and Natural Gas Reserve Prices 1982-2002: Implications for Depletion and Investment Cost
M.A. Adelman and G.C. Watkins
Panel Data Analysis of U. S. Coal Productivity
Thomas M. Stoker, Ernst. R. Berndt, A. Denny Ellerman, Susanne M. Schennach
Transmission Rights and Market Power on Electric Power Networks II: Physical Rights
Paul Joskow and Jean Tirole
Allowance Trading Activity and State Regulatory Rulings: Evidence From The U. S. Acid Rain Program
Elizabeth M. Bailey
Economic Development and the Structure of the Demand for Commercial Energy
Ruth A. Judson, Richard Schmalensee, and Thomas M. Stoker
Sources of Productivity Growth in the American Coal Industry
A. Denny Ellerman, Thomas M. Stoker, and Ernst R. Berndt
Voluntary Compliance with Market-Based Environment Policy: Evidence from the U.S. Acid Rain Program
Juan-Pablo Montero
Expandability, Reversibility, and Optimal Capacity Choice
Avinash K. Dixit and Robert S. Pindyck
The Value of Nuclear Microreactors in Providing Heat and Electricity to Alaskan Communities
Ruaridh Macdonald and John E. Parsons
The Dynamic Effects of Hurricanes in the US: The Role of Non-Disaster Transfer Payments
Tatyana Deryugina
The Cost of Abating CO2 Emissions by Renewable Energy Incentives in Germany
Claudio Marcantonini and A. Denny Ellerman
Mapping and Measuring the Channels of Oil Price Exposure in the Economy and the Role of Oil Derivatives in Reshaping Them
John E. Parsons
Policies for Electrifying the Light-Duty Vehicle Fleet in the United States
Cassandra Cole, Michael Droste, Christopher R. Knittel, Shanjun Li, and James H. Stock
Energy Conversion and Storage: The Value of Reversible Power-to-Gas Systems
Gunther Glenk and Stefan Reichelstein
Grid Impacts of Highway Electric Vehicle Charging and the Role for Mitigation via Energy Storage
Andrew M. Mowry and Dharik S. Mallapragada
Energy Storage Investment and Operation in Efficient Electric Power Systems
Cristian Junge, Dharik Mallapragada, and Richard Schmalensee
A Machine Learning Approach to Evaluating Renewable Energy Technology: An Alternative LACE Study on Solar Photo-Voltaic (PV)
Benny Siu Hon Ng, Christopher R. Knittel, and Caroline Uhler
Welfare Costs of Catastrophes: Lost Consumption and Lost Lives
Ian W. R. Martin and Robert S. Pindyck
Climate Policy Without a Price Signal: Evidence on the Implicit Carbon Price of Energy Efficiency in Buildings
Ghislaine Lang and Bruno Lanz
Using Machine Learning to Target Treatment: The Case of Household Energy Use
Christopher R. Knittel and Samuel Stolper
Providing the Spark: Impact of Financial Incentives on Battery Electric Vehicle Adoption
Bentley C. Clinton and Daniel C. Steinberg
Diary of a Wimpy Carbon Tax: Carbon Taxes as Federal Climate Policy
Christopher R. Knittel
Optimal Commodity Taxation with a Non-Renewable Resource
Julien Daubanes and Pierre Lasserre
Machine Learning from Schools about Energy Efficiency
Fiona Burlig, Christopher R. Knittel, David Rapson, Mar Reguant, and Catherine Wolfram
The Climate and Economic Rationale for Investment in Life Extension of Spanish Nuclear Power Plants
Anthony Fratto Oyler and John E. Parsons
Energy Efficiency, Information, and the Acceptability of Rent Increases: A Multiple Price List Experiment with Tenants
Ghislaine Lang and Bruno Lanz
Tropical Forests, Tipping Points, and the Social Cost of Deforestation
Sergio L. Franklin Jr. and Robert S. Pindyck
A Green Bargain? The Impact of an Energy Saving Program on Productivity Growth in China's Iron and Steel Industry
Massimo Filippini, Thomas Geissmann, Valerie J. Karplus, and Da Zhang
Lower Oil Prices and the U.S. Economy: Is This Time Different?
Christiane Baumeister and Lutz Kilian
Tight Oil Development Economics: Benchmarks, Breakeven Points, and Inelasticities
Robert L. Kleinberg, Sergey Paltsev, Charles K. Ebinger, David Hobbs, and Tim Boersma
The Local Economic and Welfare Consequences of Hydraulic Fracturing
Alexander W. Bartik, Janet Curie, Michael Greenstone, and Christopher R. Knittel
The Pass-Through of RIN Prices to Wholesale and Retail Fuels under the Renewable Fuel Standard
Christopher R. Knittel, Ben S. Meiselman, and James H. Stock
Technological Change, Vehicle Characteristics, and the Opportunity Costs of Fuel Economy Standards
Thomas Klier and Joshua Linn
The Simple Economics of Commodity Price Speculation
Christopher R. Knittel and Robert S. Pindyck
Adapting to Climate Change: The Remarkable Decline in the U.S. Temperature-Mortality Relationship over the 20th Century
Alan Barreca, Karen Clay, Olivier Deschênes, Michael Greenstone and Joseph S. Shapiro
Western Europe Natural Gas Trade
International Natural Gas Trade Project, Center for Energy Policy Research, Energy Lab, MIT
Canadian-U.S. Natural Gas Trade
International Natural Gas Trade Project, Center for Energy Policy Research, Energy Lab, MIT