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Browsing Working Papers by Title

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  • 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 ...
  • 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 ...
  • 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 ...
  • 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). ...
  • 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 ...
  • 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 ...
  • 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 ...
  • 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 ...
  • Joskow, Paul L.; Tirole, Jean (MIT Center for Energy and Environmental Policy Research, 1999)
  • Joskow, Paul L.; Tirole, Jean (MIT Center for Energy and Environmental Policy Research, 1999)
  • 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 ...
  • 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 ...
  • 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 ...
  • 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 ...
  • 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 ...
  • 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 ...
  • 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 ...
  • Eckaus, Richard S. (MIT Center for Energy and Environmental Policy Research, 2004)
  • 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 ...
  • 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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