Browsing Working Papers by Author "Berndt, Ernst R."

Now showing items 1-4 of 4

    • Energy use, technical progress and productivity growth : a survey of economic issues 

      Berndt, Ernst R. (MIT Center for Energy and Environmental Policy Research, 1990)
      This is a survey paper for non-specialists on interactions between energy and productivity growth. The first half of the paper surveys the general economic literature linking technical progress to realized gains in ...

    • 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 ...

    • Sources of productivity growth in the American coal industry 

      Ellerman, Thomas M.; Stoker, Thomas M.; Berndt, Ernst R. (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 ...

    • System average rates of U.S. investor-owned electric utilities : a statistical benchmark study 

      Berndt, Ernst R.; Epstein, Roy J.; Doane, Michael J. (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. ...