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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(MIT Center for Energy and Environmental Policy Research, 2009-08)Focusing on tail effects, I incorporate distributions for temperature change and its economic impact in an analysis of climate change policy. I estimate the fraction of consumption w_(_ ) that society would be willing to ...
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(MIT Center for Energy and Environmental Research Policy, 2010-03)Energy costs are notoriously uncertain but what is the effect of this on energysaving investments? We find that real-option frictions imply a novel equilibrium response to increasing but uncertain energy costs: early ...
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(MIT Center for Energy and Environmental Policy Research, 2006)In a world of certainty, the design of environmental policy is relatively straightforward, and boils down to maximizing the present value of the flow of social benefits minus costs. But the real world is one of considerable ...
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(MIT Center for Energy and Environmental Policy Research, 1990)This paper presents a practical method for project evaluation using techniques of financial economics which were developed originally for valuing stock options and other financial assets. It is based on the formulation and ...
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(MIT Center for Energy and Environmental Policy Research, 1992)We study the effects of aggregate and idiosyncratic uncertainty on the entry of firms, total investment, and prices in a competitive industry with irreversible investment. We first use standard dynamic programming methods ...
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(MIT Center for Energy and Environmental Policy Research, 2004)
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(2009)We update the cost of nuclear power as calculated in the MIT (2003) Future of Nuclear Power study. Our main focus is on the changing cost of construction of new plants. The MIT (2003) study provided useful data on the cost ...
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Up in Smoke: The Influence of Household Behavior on the Long-Run Impact of Improved Cooking Stoves (MIT CEEPR, 2012-07)It is conventional wisdom that it is possible to reduce exposure to indoor air pollution, improve health outcomes, and decrease greenhouse gas emissions in the rural areas of developing countries through the adoption of ...
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(MIT Center for Energy and Environmental Policy Research, 1991)During 1984-1989, oil development investment cost in the USA fell, but only because of lower activity. The whole cost curve shifted unfavorably (leftward). In contrast, natural gas cost substantially decreased, the curve ...
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(MIT Center for Energy and Environmental Policy Research, 2001)This essay discusses U.S. energy policy and the associated evolution of energy supply, energy demand, energy prices and the industrial organization of the domestic energy industries during the period 1991 through 2000. ...
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(MIT Center for Energy and Environmental Policy Research, 1990)The assumption of an initial fixed mineral stock is superfluous and wrong. User cost (resource rent) in mineral production is the present value of expected increases in development cost. It can be measured as the difference ...
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(MIT Center for Energy and Environmental Policy Research, 2006)Oil prices are very volatile. But much of this volatility seems to reflect short-term,transitory factors that may have little or no influence on the price in the long run. Many major investment decisions should be guided ...
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(MIT CEEPR, 2012-07)France, Germany, and Sweden link vehicle taxes to the carbon dioxide (CO2) emissions rates of passenger vehicles. Based on new vehicle registration data from 2005–2010, a vehicle’s tax is negatively correlated with its ...
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(MIT Center for Energy and Environmental Policy Research, 1996)The object of this research is to estimate a time series, starting in 1979, for the value of in-ground oil reserves and natural gas reserves in the United States. Relatively good statistics exist for the physical quantities. ...
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(MIT Center for Energy and Environmental Policy Research, 1990)Few people would disagree with the proposition that horizontal mergers have the potential to restrict output and raise consumer prices. In contrast, there is much less agreement about the anti-competitive effects of vertical ...
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(MIT Center for Energy and Environmental Policy Research, 2001)Commodity prices tend to be volatile, and volatility itself varies over time. changes in volatility can affect market variables by directly affecting the marginal value of storage, and by affecting a component of the total ...
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(MIT Center for Energy and Environmental Policy Research, 2003)Using daily futures price data, I examine the behavior of natural gas and crude oil price volatility since 1990. I test whether there has been a significant trend in volatility, whether there was a short-term increase in ...
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(MIT Center for Energy and Environmental Policy Research, 1998.)The U.S. acid rain program, Title IV of the 1990 Clean Air Act Amendments, is a pioneering experience in environmental regulation by setting a market for electric utility emissions of sulfur dioxide (SO2) and by including ...
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(MIT Center for Energy and Environmental Policy Research, 1997.)In this paper we explore the practical and welfare implications of a system of voluntary compliance within a market-based environmental regulation. The Substitution Provision of the SO2 emissions trading program allows the ...
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(MIT Center for Energy and Environmental Policy Research, 2010-11)Several recent studies establish that crude oil and natural gas prices are cointegrated, so that changes in the price of oil appear to translate into changes in the price of natural gas. Yet at times in the past, and very ...
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