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Browsing Center for Energy and Environmental Policy Research by Title

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  • Inscrutable OPEC? : behavioral tests of the cartel hypothesis 
    Smith, James L. (MIT Center for Energy and Environmental Policy Research, 2003)
    We show that standard statistical tests of OPEC behavior have very low power across a wide range of alternative hypotheses regarding market structure. Consequently, it is difficult, given the current availability and ...
  • An institutional frame to compare alternative market designs in EU electricity balancing 
    Glachant, Jean-Michel; Saguan, Marcelo (MIT Center for Energy and Environmental Policy Research, 2007)
    The so-called "electricity wholesale market" is, in fact, a sequence of several markets. The chain is closed with a provision for "balancing," in which energy from all wholesale markets is balanced under the authority of ...
  • Interdependent pricing and markup behavior : an empirical analysis of GM, Ford and Chrysler 
    Berndt, Ernst R.; Friedlaender, Ann Fetter; Wang Chiang, Judy S. (MIT Center for Energy and Environmental Policy Research, 1990)
    In this paper we show how to adapt the traditional contingent claims valuation techniques to correctly value the firm and its liabilities in the presence of agency costs. This enables us to measure the significance of the ...
  • International market integration for natural gas? : a cointegration analysis of priced in Europe, North America and Japan 
    L'Hegaret, Guillaume; Siliverstovs, Boriss; Hirschhausen, Christian von (MIT Center for Energy and Environmental Policy Research, 2004)
    We examine the degree of natural gas market integration in Europe, North America and Japan, between the mid 1990₂s and 2002. Our hypothesis is that there was a certain split of prices between Europe and North America. The ...
  • Interpreting the IPCC emisions scenarios 
    Margolis, Robert M. (MIT Center for Energy and Environmental Policy Research, 1992)
    This paper discusses how two sets of emissions scenarios, generated using the Atmospheric Stabilization Framework, were used by the United Nations Intergovernmental Panel on Climate Change (IPCC). In particular it discusses ...
  • Intertemporal pricing of sulfur dioxide allowances 
    Bailey, Elizabeth M. (MIT Center for Energy and Environmental Policy Research, 1998)
    The Clean Air Act Amendments of 1990 initiated the first large-scale use of the tradable permit approach to pollution control. The theoretical case for this approach rests on the assumption of an efficient market for ...
  • Introducing competition in the French electricity supply industry : the destabilisation of a public hierarchy in an open institutional environment 
    Finon, Dominique (MIT Center for Energy and Environmental Policy Research, 2002)
    The introduction of market rules in a electricity supply industry characterized by a vertically integrated monopoly and public ownership is not inherently doomed to failure if characteristics of the reform or other elements ...
  • Inventories and the short-run dynamics of commodity prices 
    Pindyck, Robert S. (MIT Center for Energy and Environmental Policy Research, 1990)
    I examine the behavior of inventories and their role in the short-run dynamics of commodity production and price. Competitive producers of a storable commodity react to price changes by balancing costs of changing production ...
  • Investment in Energy Infrastructure and the Tax Code 
    Metcalf, Gilbert E. (MIT Center for Energy and Environmental Research Policy, 2009-10)
    Federal tax policy provides a broad array of incentives for energy investment. I review those policies and construct estimates of marginal effective tax rates for different energy capital investments as of 2007. Effective ...
  • Investments of uncertain cost 
    Pindyck, Robert S. (MIT Center for Energy and Environmental Policy Research, 1992)
    I study irreversible investment decisions when projects take time to complete, and are subject to two types of uncertainty over the cost of completion. The first is technical uncertainty, i.e., uncertainty over the amount ...
  • Irreversibilities and the timing of environmental policy 
    Pindyck, Robert S. (MIT Center for Energy and Environmental Policy Research, 1999)
    The Standard framework in which economists evaluate environmental policies is cost-benefit analysis, so policy debates usually focus on the expected flows of costs and benefits, or on the choice of discount rate. But this ...
  • Irreversibility and the explanation of investment behavior 
    Pindyck, Robert S. (MIT Center for Energy and Environmental Policy Research, 1990)
    The explanation of aggregate and sectoral investment behavior has been one of the less successful endeavors in empirical economics. Existing econometric models have had little success in explaining or predicting investment ...
  • Irreversibility and uncertainty in species valuation 
    Brooks, Eileen L. (MIT Center for Energy and Environmental Policy Research, 1994)
    This paper incorporates an option value into deforestation policy analysis. Similar to an option value in finance, the option value here reflects the advantage to delaying irreversible species extinction until more information ...
  • Irreversibility, uncertainty and investment 
    Pindyck, Robert S. (MIT Center for Energy and Environmental Policy Research, 1990)
    Most investment expenditures have two important characteristics. First, they are largely irreversible; the firm cannot disinvest, so the expenditures are sunk costs. Second, they can be delayed, allowing ...
  • Is the gasoline tax regressive? 
    Poterba, James M. (MIT Center for Energy and Environmental Policy Research, 1990)
    Claims of the regressivity of gasoline taxes typically rely on annual surveys of consumer income and expenditures which show that gasoline expenditures are a larger fraction of income for very low income households than ...
  • Joint implementation : lessons from Title IV's voluntary compliance programs 
    Atkeson, Erica (MIT Center for Energy and Environmental Policy Research, 1997.)
    The United Nation's Framework Convention on Climate Change (FCCC), signed by more than 150 nations in June 1992, commits signatory countries to limit greenhouse gas (GHG) emissions to 1990 levels by the year 2000. Article ...
  • Laissez faire, collective control or nationalization of the global commons 
    Eckaus, Richard S. (MIT Center for Energy and Environmental Policy Research, 1992)
    The use of the atmosphere as a dumping place for greenhouse gases has been a matter of laissez faire. Proposals for international agreement to restrict the rate of such emissions are, in effect, proposals for collectively ...
  • Lessons from Phase 2 compliance with the U.S. Acid Rain Program 
    Ellerman, A. Denny (MIT Center for Energy and Environmental Policy Research, 2003)
    This paper provides preliminary answers to four questions concerning the behavior of agents operating under the SO2 Allowance Trading Program that could not be adequately answered until several years' data on compliance ...
  • Liability and Financial Responsibility for Oil Spills under the Oil Pollution Act of 1990 and Related Statutes 
    Greenstone, Michael (MIT Center for Energy and Environmental Policy Research, 2011-06-01)
  • Local and Seasonal Effects in the U.S. of Global Climate Change 
    Eckaus, Richard S. (MIT CEEPR, 2012-05-21)
    Though the facts of global climate change are beyond doubt, there has been relatively limited information about its local consequences. Global climate models and their derivatives have provided often differing and unspecific ...
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