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Browsing Center for Energy and Environmental Policy Research by Title

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  • Optimal timing problems in environmental economics 
    Pindyck, Robert S. (MIT Center for Energy and Environmental Policy Research, 2001)
    Because of the uncertainties and irreversibilities that are often inherent in environmental degradation, its prevention, and its economic consequences, environmental policy design can involve important problems of timing. ...
  • Options, the value of capital, and investment 
    Abel, Andrew B. (MIT Center for Energy and Environmental Policy Research, 1995)
    Continuing rapid growth in U.S. gasoline consumption threatens to exacerbate environmental and congestion problems. We use flexible semiparametric and nonparametric methods to guide analysis of household gasoline consumption, ...
  • The option to try again : valuing a sequence of dependent trials 
    Smith, James L. (MIT Center for Energy and Environmental Policy Research, 2004)
    In various fields of economic endeavor, agents enjoy the option to ₃try, try again.₄ Failure in a particular pursuit often brings renewed effort to finally succeed. Many areas of R&D could be characterized in this fashion. ...
  • Option valuation of flexible investments : the case of a coal gasifier 
    Herbelot, Olivier (MIT Center for Energy and Environmental Policy Research, 1994)
    This paper examines the use of contingent claim analysis to evaluate the option of retrofitting a coal gasifier on an existing gas-fired power plant in order to take advantage of changes in the relative prices of natural ...
  • Option valuation of flexible investments : the case of a scrubber for coal-fired power plant 
    Herbelot, Olivier (MIT Center for Energy and Environmental Policy Research, 1994)
    Standard discounted cash flow methods are not well suited to the valuation of investments whose characteristics can be modified by the decision-maker after the initial investment decision has been made (multistage decision ...
  • Organizational learning at nuclear power plants 
    Carroll, John S.; Marcus, Alfred Allen; Perin, Constance (MIT Center for Energy and Environmental Policy Research, 1991)
    The Nuclear Power Plant Advisory Panel on Organizational Learning provides channels of communications between the management and organization research projects of the MIT International Program for Enhanced Nuclear Power ...
  • The organization and management of nuclear power plants 
    Carroll, John S.; Cebon, Peter (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 ...
  • Over-allocation or abatement? : a preliminary analysis of the EU ETS based on the 2005 emission data 
    Ellerman, A. Denny; Buchner, Barbara (MIT Center for Energy and Environmental Policy Research, 2006)
    This paper provides an initial analysis of the EU ETS based on the installation-level data for verified emissions and allowance allocations in the first trading year. Those data, released on May 15, 2006, and subsequent ...
  • Panel data analysis of U.S. coal productivity 
    Stoker, Thomas M. (MIT Center for Energy and Environmental Policy Research, 2000)
    We analyze labor productivity in coal mining in the United States using indices of productivity change associated with the concepts of panel data modeling. This approach is valuable when there is extensive heterogeneity ...
  • Patterns of transmission investment 
    Joskow, Paul L. (MIT Center for Energy and Environmental Policy Research, 2005)
    This paper examines a number of issues associated with alternative analytical approaches for evaluating investments in electricity transmission infrastructure and alternative institutional arrangements to govern network ...
  • Paying Too Much for Energy? The True Costs of Our Energy Choices 
    Greenstone, Michael; Looney, Adam (MIT CEEPR, 2012-02)
    Energy consumption is critical to economic growth and quality of life. America’s energy system, however, is malfunctioning. The status quo is characterized by a tilted playing field, where energy choices are based on the ...
  • Petroleum property valuation 
    Smith, James L. (MIT Center for Energy and Environmental Policy Research, 2003)
    This paper provides an overview of the principal economic methods employed to assess the value of petroleum properties. The difference between wellhead and in situ resource values is examined, as well as drawbacks inherent ...
  • Planning for future uncertainties in electric power generation : an analysis of transitional strategies for reduction of carbon and sulfur emissions 
    Tabors, Richard D.; Monroe, Burt L. (MIT Center for Energy and Environmental Policy Research, 1991)
    The object of this paper is to identify strategies for the U.S. electric utility industry for reduction of both acid rain producing and global warming gases. The research used the EPRI Electric Generation Expansion Analysis ...
  • The politics of government decision making : regulatory institutions 
    Laffont, Jean-Jacques; Tirole, Jean (MIT Center for Energy and Environmental Policy Research, 1989)
    Public decision makers are given a vague mandate to regulate industries. Restrictions on their instruments or scope of regulation affect their incentives to identify with interest groups and the effectiveness ...
  • Pollution markets with imperfectly observed emissions 
    Montero, Juan-Pablo (MIT Center for Energy and Environmental Policy Research, 2004)
    I study the advantages of pollution permit markets over traditional standard regulations when the regulator has incomplete information on firms₂ emissions and costs of production and abatement (e.g., air pollution in large ...
  • The portfolio of generation facilities in Japan's electric power sector, past and future 
    Nishimura, Naoto (MIT Center for Energy and Environmental Policy Research, 1999)
    Japan consumes a considerable amount of the world's energy, and it occupies an even more important position in the markets for internationally traded energy. Because sufficient domestic fossil-fuel reserves are not ...
  • The potential for reducing carbon emissions from increased efficiency : a general equilibrium methodology 
    Blitzer, Charles R. (MIT Center for Energy and Environmental Policy Research, 1990)
    This paper presents a methodology for analyzing the potential for reduction in carbon emissions through increased fuel efficiency and provides an illustration of the method. The methodology employed is a multisectoral, ...
  • The potential role of new technology for enhanced safety and performance of nuclear power plants through improved service maintenance 
    Achorn, Ted Glen (MIT Center for Energy and Environmental Policy Research, 1991)
    Refinements in the safety and performance of nuclear power plants must be made to maintain public confidence and ensure competitiveness with other power sources. The aircraft industry, US Navy, and other programs have ...
  • The present value model of rational commodity pricing 
    Pindyck, Robert S. (MIT Center for Energy and Environmental Policy Research, 1991)
    The present value model says that an asset's price equals the sum of current and future discounted expected future payoffs from ownership of the asset. I explore the limits of the present value model by testing its ability ...
  • Prices vs. quantities with incomplete enforcement 
    Montero, Juan-Pablo (MIT Center for Energy and Environmental Policy Research, 1999)
    This paper extends Weitzman's (1974) "Prices vs. Quantities" to allow for incomplete enforcement. Whether the regulator uses prices (e.g., taxes) or quantities (e.g., tradeable quotas), a first-best design is always ...
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