A ubiquitous and largely unquestioned assumption in studies of housing markets is that there is perfect information about local amenities. […]
READ moreDerivative markets are an important tool enabling non-financial companies to reduce their risk and manage their financing. Effective regulation of […]
READ moreWe assess the long-run dynamic implications of market-based regulation of carbon dioxide emissions in the US Portland cement industry. We […]
READ moreIncentives for the development of renewable energy have increasingly become an instrument of climate policy, that is, as a means […]
READ moreMany consumers are keenly aware of gasoline prices, and consumer responses to gasoline prices have been well studied. In this […]
READ moreThis paper provides a framework for understanding how the trade in oil derivatives relates to the physical production and use […]
READ moreIn many regulated markets, private, third-party auditors are chosen and paid by the firms that they audit, potentially creating a […]
READ moreThis paper discusses a series of issues regarding the economic integration of intermittent renewables into European electricity markets. This debate […]
READ moreThis paper describes the formulation of IMRES: an electricity generation capacity expansion model with unit commitment constraints in which decisions […]
READ moreGovernment subsidies have driven rapid growth in U.S. wind and solar generation. Using data on hourly outputs and prices for […]
READ moreVery little. A plethora of integrated assessment models (IAMs) have been constructed and used to estimate the social cost of […]
READ moreThe price of crude oil in the U.S. had never exceeded $40 per barrel until mid-2004. By 2006 it reached […]
READ moreA basic tenet of economics posits that when consumers or firms don’t face the true social cost of their actions, […]
READ moreAdaptation is the only strategy that is guaranteed to be part of the world’s climate strategy. Using the most comprehensive […]
READ moreFrom 1864 to 1972, the real price of oil fell by, on average, over one percent per year. This trend […]
READ moreIn this paper we analyze whether the 2009 “Cash for Clunkers” program was indeed, as U.S. Transportation Secretary Ray LaHood […]
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