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Browsing Working Papers by Title

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  • Toward economic evaluation of climate change impacts : a review and evaluation of studies of the impact of climate change 
    Reilly, John M.; Thomas, Christopher Kent (MIT Center for Energy and Environmental Policy Research, 1993)
    Efforts to access climate change have generally been unsuccessful in describing the economic damages (or benefits) associated with climate change or the functional relationship of damage (or benefits) to climate. Existing ...
  • Towards an Emissions Trading Scheme for Air Pollutants in India 
    Duflo, Esther; Greenstone, Michael; Pande, Rohini; Ryan, Nicholas (MIT Center for Energy and Environmental Policy Research, 2010-08)
    Emissions trading schemes have great potential to lower pollution while minimizing compliance costs for firms in many areas now subject to traditional command-and-control regulation. This paper connects experience with ...
  • Trade in waste among developed countries : evidence and origins 
    Bernard, Andrew B.; Chang, Pamela H. (MIT Center for Energy and Environmental Policy Research, 1994)
    In this paper, we examine the determinants of the international trade in waste between developed countries. Data from the 1980s suggest that while the trade in waste between developed and less developed countries has ...
  • Trading quasi-emission permits 
    Montero, Juan-Pablo (MIT Center for Energy and Environmental Policy Research, 2002)
    I study the design of environmental policies for a regulator that has incomplete information on firms' emissions and costs of production and abatement (e.g., air pollution in cities with numerous small polluting sources). ...
  • Transitional strategies for the reduction of "greenhouse gas" emission in the United States electric power sector 
    Monroe, Burt L. (MIT Center for Energy and Environmental Policy Research, 1990)
    Environmental issues have become increasingly important in the political arena, particularly with growing concern over the "greenhouse effect," a potential global climatic warming caused by increases in anthropogenic ...
  • Transmission policy in the United States 
    Joskow, Paul L. (MIT Center for Energy and Environmental Policy Research, 2004)
    This paper provides an overview of the development of electric power transmission access, pricing and investment policies in the U.S. over the last 15 years and evaluates the current state of those policies. Pre-liberalization ...
  • Transmission pricing of distributed multilateral energy transactions to ensure system security and guide economic dispatch 
    Ilic, Marija D.; Hsieh, Eric; Ramanan, Prasad (MIT Center for Energy and Environmental Policy Research, 2002)
    In this paper we provide a simulations-based demonstration of a hybrid electricity market that combines the distributed competitive advantages of decentralized markets with the system security guarantees of centralized ...
  • Transmission rights and market power on electric power networks 
    Joskow, Paul L. (MIT Center for Energy and Environmental Policy Research, 2000)
    We analyze whether and how the allocation of transmission rights associated with the use of electric power networks affects the behavior of electricity generators and electricity consumers with market power. We consider ...
  • Transmission rights and market power on electric power networks. I, financial rights 
    Joskow, Paul L.; Tirole, Jean (MIT Center for Energy and Environmental Policy Research, 1999)
  • Transmission rights and market power on electric power networks. I, physical rights 
    Joskow, Paul L.; Tirole, Jean (MIT Center for Energy and Environmental Policy Research, 1999)
  • Trends and breaks in per-capita carbon dioxide emissions, 1870-2028 
    Lanne, Markku; Liski, Matti (MIT Center for Energy and Environmental Policy Research, 2003)
    We consider per-capita carbon dioxide emission trends in 16 early developed countries over the period 1870-2028. Using a multiple-break time series method we find more evidence for very early downturns in per-capita trends ...
  • A two-method solution to the investment timing option 
    Laughton, David G.; Jacoby, Henry D. (MIT Center for Energy and Environmental Policy Research, 1990)
    Within the realm of derivative asset valuation, two types of methods are available for solving the investment timing option, each with a serious limitation for practical projects. Methods that use Monte Carlo simulation ...
  • Uncertain Outcomes and Climate Change Policy 
    Pindyck, Robert S. (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 ...
  • Uncertainty and Energy Saving Investments 
    Murto, Pauli; Liski, Matti (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 ...
  • Uncertainty in environmental economics 
    Pindyck, Robert S. (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 ...
  • Uncertainty, information and project evaluation 
    Jacoby, Henry D.; Laughton, David G. (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 ...
  • Uncertainty, investment, and industry evolution 
    Caballero, Ricardo J.; Pindyck, Robert S. (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 ...
  • Unravelling the Chinese oil puzzle 
    Eckaus, Richard S. (MIT Center for Energy and Environmental Policy Research, 2004)
  • Update on the Cost of Nuclear Power 
    Parsons, John E.; Du, Yangbo (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 ...
  • Up in Smoke: The Influence of Household Behavior on the Long-Run Impact of Improved Cooking Stoves 
    Hanna, Rema; Duflo, Esther; Greenstone, Michael (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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