Browsing Center for Energy and Environmental Policy Research by Title
Now showing items 268-287 of 334
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Sources of productivity growth in the American coal industry
(MIT Center for Energy and Environmental Policy Research, 1998)This paper develops new techniques to assess the expanse of the geographic market under varying supply and demand conditions and applies these techniques to the current wholesale electricity market in the western United ... -
Speculation without Oil Stockpiling as a Signature: A Dynamic Perspective
(MIT Center for Energy and Environmental Research Policy, 2010-04)According to the standard analysis of commodity prices, stockpiling is a necessary signature of speculation. This paper develops an approach suggesting that speculation may temporarily push crude oil prices above the level ... -
Statement of Professor Paul L. Joskow before the Committee on Governmental Affairs, United States Senate
(MIT Center for Energy and Environmental Policy Research, 2002) -
Statistical issues in the assessment of undiscovered oil and gas resources
(MIT Center for Energy and Environmental Policy Research, 1992)Prior to his untimely death, my friend Dave Wood gave me wise counsel about how best to organize a paper describing uses of statistics in oil and gas exploration. A preliminary reconnaissance of the literature alerted me ... -
Stock prices and the cost of environmental regulation
(MIT Center for Energy and Environmental Policy Research, 2006)Recent environmental regulations have used market incentives to reduce compliance costs and improve efficiency. In most cases, the Environmental Protection Agency (EPA) selects an emissions cap using the predicted costs ... -
Stocks & Shocks: A Clarification in the Debate Over Price vs. Quantity Controls for Greenhouse Gases
(MIT Center for Energy and Environmental Policy Research, 2011-03)We construct two simple examples that help to clarify the role of a key assumption in the analysis of price or quantity controls of greenhouse gases in the presence of uncertain costs. Traditionally much has been made ... -
Storage and capacity rights markets in the natural gas industry
(MIT Center for Energy and Environmental Policy Research, 1999)This dissertation presents a different approach at looking at market power in capacity rights markets that goes beyond the functional aspects of capacity rights markets as access to transportation services. In particular, ... -
Subglobal Climate Agreements and Energy-Intensive Activities: Is there a Carbon Haven for Copper?
(MIT Center for Energy and Environmental Policy Research, 2011-02)Subglobal climate policies induce changes in international competitiveness and favor a relocation of carbon-emitting activities. We argue that many energy-intensive activities are also capital-intensive, so that carbon ... -
Sunk costs and sunk benefits in environmental policy : I. basic theory
(MIT Center for Energy and Environmental Policy Research, 1995)The standard framework in which economists evaluate environmental policies is cost-benefit analysis, so that policy debates usually focus on expected costs and benefits, or on the choice of discount rate. But this framework ... -
Superfund Cleanups and Infant Health
(MIT Center for Energy and Environmental Policy Research, 2011-02)We are the first to examine the effect of Superfund cleanups on infant health rather than focusing on proximity to a site. We study singleton births to mothers residing within 5km of a Superfund site between 1989-2003 in ... -
Sustainable growth and valuation of mineral reserves
(MIT Center for Energy and Environmental Policy Research, 1994)The annual change in the value of an in-ground mineral is equal to the increase or decrease of inventories ("reserves"), multiplied by the market value of a reserve unit. The limited shrinking resource base does not exist. ... -
System average rates of U.S. investor-owned electric utilities : a statistical benchmark study
(MIT Center for Energy and Environmental Policy Research, 1995)Using multiple regression methods, we have undertaken a statistical "benchmark" study comparing system average electricity rates charged by three California utilities with 96 other US utilities over the 1984-93 time period. ... -
Tacit collusion in a dynamic duopoly with indivisible production and cumulative capacity constraints
(MIT Center for Energy and Environmental Policy Research, 1990)This paper studies a dynamic, quantity setting duopoly game characterized as follows: Each firm produces an indivisible output over a potentially infinite horizon, facing the constraint that its cumulative production cannot ... -
Tax effects upon oil field development in Venezuela
(MIT Center for Energy and Environmental Policy Research, 2000)Important reforms have been made to the oil sector tax code in Venezuela. Given its diversity of oil resources, there was a concern that some resources were not being exploited because of the structure of the tax code. ... -
Tax policy to combat global warming : on designing a carbon tax
(MIT Center for Energy and Environmental Policy Research, 1991)This paper develops several points concerning the design and implementation of a carbon tax. First, if implemented without any offsetting changes in transfer programs, the carbon tax would be regressive. This regressivity ... -
Taxation and the Extraction of Exhaustible Resources: Evidence From California Oil Production
(MIT Center for Energy and Environmental Research Policy, 2010-04)Rapid increases in oil prices in 2008 led some to call for special taxes on the oil industry. Because oil is an exhaustible resource, however, the effects of excise taxes on production or on reported producer profits may ... -
Technical memorandum on analysis of the EU ETS using the community independent transaction log
(MIT Center for Energy and Environmental Policy Research, 2007)This memorandum provides an overview of three deficiencies within the current presentation of the Community Independent Transaction Log (CITL) data that have implications for researchers' ability to accurately analyze the ... -
Technologies, markets and challenges for development of the Canadian Oil Sands industry
(MIT Center for Energy and Environmental Policy Research, 2007)This paper provides an overview of the current status of development of the Canadian oil sands industry, and considers possible paths of further development. We outline the key technology alternatives, critical resource ... -
The temporal efficiency of SO₂ emissions trading
(MIT Center for Energy and Environmental Policy Research, 2002)This paper provides an empirical evaluation of the temporal efficiency of the U.S. Acid Rain Program, which implemented a nationwide market for trading and banking sulfur dioxide (SO2) emission allowances. We first develop ... -
Testimony on electricity policy issues before the subcommittee on energy and power, House Committee on Energy and Commerce
(MIT Center for Energy and Environmental Policy Research, 1991)This testimony discusses the changing structure of the electricity industry and some of the public policy issues that are associated with these changes. Professor Joskow also discusses his perspective on a selected set of ...
