Over the past several years M.I.T. faculty, staff, and students have produced a substantial body of research and analysis relating to the production, conversion, and use of energy in domestic and international markets. ...

When energy prices increased suddenly and unexpectedly in 1973-74 and 1979-80, a portion of the long-lived capital stock in U.S. manufacturing was rendered economically less valuable. In this paper we develop an analytical ...

An equilibrium model of bidding behavior is developed that accounts for observed fluctuations in the degree of competition to acquire offshore petroleum leases. As one might expect, such fluctuations are related to ...

A critical issue in epidemiological studies of ambient air pollution is the measurement of pollutant exposure in the study population. Accurate characterization of air quality is necessary in any study relating exposure ...

This report analyzes the economics of resource and reserve estimation. Current concern about energy problems has focused attention on how we measure available energy resources. One reads that we have an eight-year oil ...