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Browsing Center for Energy and Environmental Policy Research by Title

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Browsing Center for Energy and Environmental Policy Research by Title

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  • Poterba, James M.; Rotemberg, Julio (MIT Center for Energy and Environmental Policy Research, 1994)
    Many proposed and actual environmental taxes are taxes on intermediate goods. These goods, such as fossil fuels, are typically tradable, and they are also used in the production of many tradable final goods. How should ...
  • Greenstone, Michael (MIT Center for Energy and Environmental Policy Research, 2011-06)
  • Greenstone, MIchael (MIT Center for Energy and Environmental Policy Research, 2011-11)
  • Joskow, Paul L. (MIT Center for Energy and Environmental Policy Research, 2005)
    Modern theoretical principles to govern the design of incentive regulation mechanisms are reviewed and discussed. General issues associated with applying these principles in practice are identified. Examples of the actual ...
  • Hirschhausen, Christian von (MIT Center for Energy and Environmental Policy Research, 2006)
    The objective of this paper is to analyze the development of US natural gas infrastructure over the last two decades and to discuss its perspectives. In particular, we focus on the relationship between the regulatory ...
  • 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 ...
  • 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 ...
  • 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 ...
  • 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 ...
  • 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 ...
  • 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 ...
  • 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 ...
  • 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 ...
  • 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 ...
  • 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 ...
  • 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 ...
  • 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 ...
  • 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 ...
  • 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 ...
  • 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 ...
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