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Unconventional Oil & Gas: Price Impacts and Geopolitical Implications
On April 22, 2015, CEEPR and the MIT Energy Initiative (MITEI) convened a
symposium to address the latest developments in unconventional hydrocarbon exploration, its effects on oil and natural gas markets, and broader geopolitical implications.
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Conflicting Objectives: How the Cash for Clunkers Stimulus Program Reduced New Vehicle Spending
Implemented in the midst of the 2009 recession, the U.S. Cash for Clunkers program aimed to boost sales in the struggling automobile industry. A recent CEEPR working paper by Hoekstra, Puller, and West (HPW, 2015) finds that this multifaceted program design actually caused Cash for Clunkers to reduce overall revenues to the industry the policy was designed to help.
SEE FULL ARTICLE![](https://ceepr.mit.edu/wp-content/uploads/2021/09/newWP_275x207pg.jpg)
OPEC’s Pricing vs. the Carbon Tax
In a recent CEEPR working paper, Saraly Andrade de Sá and Julien Daubanes combine empirical estimates to establish that the demand for OPEC’s oil exhibits a less-than-one demand elasticity, in contradiction with the widely-used approach to OPEC’s market power.
SEE FULL ARTICLE![](https://ceepr.mit.edu/wp-content/uploads/2021/09/newWP_275x207pg.jpg)
When Financial Trading Only Makes Things Worse
Working with four colleagues in DAS, Dr. John E. Parsons completed a study of a unique type of financial trading known as Virtual Bidding. The research helps understand certain situations in which virtual bidding not only fails to improve system performance, but also adds to system costs.
SEE FULL ARTICLE![](https://ceepr.mit.edu/wp-content/uploads/2021/09/newWP_275x207pg.jpg)
Soft Cooperation in the Shadow of Distributional Conflict? Insights from the Climate Regime
In climate diplomacy, negotiators frequently reject “technical†initiatives that only require simple coordination, despite the affordable reputational gains they may gain from cooperation. Motivated by this puzzle, Dr. Antto Vihma and Dr. Johannes Urpelainen developed a formal model to analyze negotiation dynamics.
SEE FULL ARTICLE2014 Fall Research Workshop
A balanced mix of current themes in the energy and environmental policy debate
featured at CEEPR’s 2014 Fall Research Workshop, held in Cambridge, Massachusetts, on November 20 and 21, 2014.
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