Investment in Energy Infrastructure and the Tax Code
Posted on January 6th, 2022 by tagadminFederal tax policy provides a broad array of incentives for energy investment. I review those policies and construct estimates of […]
READ moreCap-and-Trade Properties under Different Scheme Designs
Posted on January 6th, 2022 by tagadminThis paper examines the key design mechanisms of existing and proposed cap-and-trade markets. First, it is shown that the hybrid […]
READ moreA Comparison of Reduced-Form Permit Price Models and their Empirical Performances
Posted on January 6th, 2022 by tagadminEquilibrium models have been proposed in literature with the aim of describing the evolution of the price of emission permits. […]
READ moreRenewable Electricity Generation in the United States
Posted on January 6th, 2022 by tagadminThis paper provides an overview of the use of renewable energy sources to generate electricity in the United States and […]
READ moreAllocation in Air Emissions Markets
Posted on January 6th, 2022 by tagadminThe past two decades have witnessed the increasing use of a new form of environmental regulation, cap-and-trade, that consists of […]
READ moreRethinking Real Time Electricity Pricing
Posted on January 6th, 2022 by tagadminMost US consumers are charged a near-constant retail price for electricity, despite substantial hourly variation in the wholesale market price. […]
READ moreSocial Norms and Energy Conservation
Posted on January 6th, 2022 by tagadminThis paper evaluates a pilot program run by a company called OPOWER, previously known as Positive Energy, to mail home […]
READ moreBlack Gold & Fool’s Gold: Speculation in the Oil Futures Market
Posted on January 6th, 2022 by tagadminThis paper addresses the question of whether the oil price spike of 2003-2008 was a bubble. We document and discuss […]
READ moreThe Economic and Policy Consequences of Catastrophes
Posted on January 6th, 2022 by tagadminWhat is the likelihood that the U.S. will experience a devastating catastrophic event over the next few decades – something […]
READ moreComparison of the Evolution of Energy Intensity in Spain and in the EU15. Why is Spain Different?
Posted on January 6th, 2022 by tagadminEnergy intensity in Spain has increased since 1990, while the opposite has happened in the EU15. Decomposition analysis of primary […]
READ moreA Comprehensive Approach for Computation and Implementation of Efficient Electricity Transmission Network Charges
Posted on January 6th, 2022 by tagadminThis paper presents a comprehensive design of electricity transmission charges that are meant to recover regulated network costs. In addition, […]
READ moreRegulatory Instruments for Deployment of Clean Energy Technologies
Posted on January 6th, 2022 by tagadminAnswering to the formidable challenge of climate change calls for a quick transition to a future economy with a drastic […]
READ moreNuclear Fuel Recycling – the Value of the Separated Transuranics and the Levelized Cost of Electricity
Posted on January 6th, 2022 by tagadminWe analyze the levelized cost of electricity (LCOE) for three different fuel cycles: a Once-Through Cycle, in which the spent […]
READ moreUncertain Outcomes and Climate Change Policy
Posted on January 6th, 2022 by tagadminFocusing on tail effects, I incorporate distributions for temperature change and its economic impact in an analysis of climate change […]
READ moreMarket Power in Pollution Permit Markets
Posted on January 6th, 2022 by tagadminAs with other commodity markets, markets for trading pollution permits have not been immune to market power concerns. In this […]
READ moreThe Cost of Climate Policy in the United States
Posted on January 6th, 2022 by tagadminWe consider the cost of meeting emissions reduction targets consistent with a G8 proposal of a 50 percent global reduction […]
READ moreMulti-Factor Model of Correlated Commodity – Forward Curves for Crude Oil and Shipping Markets
Posted on January 6th, 2022 by tagadminAn arbitrage free multi-factor model is developed of the correlated forward curves of the crude oil, gasoline, heating oil and […]
READ moreDesigning a US Market for CO2
Posted on January 6th, 2022 by tagadminIn this paper we focus on one component of the cap-and-trade system: the markets that arise for trading allowances after […]
READ moreUpdate on the Cost of Nuclear Power
Posted on January 6th, 2022 by tagadminWe update the cost of nuclear power as calculated in the MIT (2003) Future of Nuclear Power study. Our main […]
READ moreOn Coase and Hotelling
Posted on January 6th, 2022 by tagadminIt has been long recognized that an exhaustible-resource monopsonist faces a commitment problem similar to that of a durable-good monopolist. […]
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