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Browsing Working Papers by Title

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  • Adelman, Morris Albert; Watkins, G. C. (MIT Center for Energy and Environmental Policy Research, 2003)
    A time series is estimated of in-ground prices - as distinct from wellhead prices ₆ of US oil and natural gas reserves for the period 1982-2002, using market purchase and sale transaction information. The prices are a ...
  • Adelman, Morris Albert; Adelman, Morris Albert; Watkins, G. C. (MIT Center for Energy and Environmental Policy Research, 2005)
    Introduction. A working paper entitled "Oil and Natural Gas Reserve Prices 1982-2002: Implications for Depletion and Investment Cost" was published in October 2003 (cited hereafter as Adelman & Watkins [2003]). Since then ...
  • Kogan, Leonid; Livdan, Dmitry; Yaron, Amir (MIT Center for Energy and Environmental Policy Research, 2008)
    We document a new stylized fact regarding the term structure of futures volatility. We show that the relationship between the volatility of futures prices and the slope of the term structure of prices is non-monotone and ...
  • Eckaus, Richard S. (MIT Center for Energy and Environmental Policy Research, 2008)
    The oil price really is a speculative bubble. Yet only recently has the U.S. Congress, for example, showed recognition that this might even be a possibility. In general there seems to be a preference for the claim that the ...
  • Montero, Juan-Pablo; Liski, Matti (2009)
    It has been long recognized that an exhaustible-resource monopsonist faces a commitment problem similar to that of a durable-good monopolist. Indeed, Hörner and Kamien (2004) demonstrate that the two problems are formally ...
  • Hampson, Philip Robert Osler; Parsons, John E.; Blitzer, Charles R. (MIT Center for Energy and Environmental Policy Research, 1990)
    This is a case study in the design of the production sharing rule used in an oil exploration partnership contract. The contract was negotiated in mid-1986 when a state-owned oil resources authority hired a ...
  • Smith, James L. (MIT Center for Energy and Environmental Policy Research, 2010-08)
    Although economists have studied various indicators of resource scarcity (e.g., unit cost, resource rent, and market price), the phenomenon of “peaking” has largely been ignored due to its connection to non-economic theories ...
  • Adelman, Morris Albert (MIT Center for Energy and Environmental Policy Research, 1992)
    After 1973, oil consumption stagnated worldwide. Non-OPEC output increased, mostly in Alaska, Mexico, and the North Sea, but not because of the price rise. The cartel nations had to assume the whole burden of cutting back ...
  • Montero, Juan Pablo (MIT Center for Energy and Environmental Policy Research, 1997.)
    In this paper we explore the welfare implications of voluntary compliance within an emissions trading program and derive optimal permits allocations to affected and opti-in sources when the environmental regulator has ...
  • Pindyck, Robert S. (MIT Center for Energy and Environmental Policy Research, 2001)
    Because of the uncertainties and irreversibilities that are often inherent in environmental degradation, its prevention, and its economic consequences, environmental policy design can involve important problems of timing. ...
  • Abel, Andrew B. (MIT Center for Energy and Environmental Policy Research, 1995)
    Continuing rapid growth in U.S. gasoline consumption threatens to exacerbate environmental and congestion problems. We use flexible semiparametric and nonparametric methods to guide analysis of household gasoline consumption, ...
  • Smith, James L. (MIT Center for Energy and Environmental Policy Research, 2004)
    In various fields of economic endeavor, agents enjoy the option to ₃try, try again.₄ Failure in a particular pursuit often brings renewed effort to finally succeed. Many areas of R&D could be characterized in this fashion. ...
  • Herbelot, Olivier (MIT Center for Energy and Environmental Policy Research, 1994)
    This paper examines the use of contingent claim analysis to evaluate the option of retrofitting a coal gasifier on an existing gas-fired power plant in order to take advantage of changes in the relative prices of natural ...
  • Herbelot, Olivier (MIT Center for Energy and Environmental Policy Research, 1994)
    Standard discounted cash flow methods are not well suited to the valuation of investments whose characteristics can be modified by the decision-maker after the initial investment decision has been made (multistage decision ...
  • Carroll, John S.; Marcus, Alfred Allen; Perin, Constance (MIT Center for Energy and Environmental Policy Research, 1991)
    The Nuclear Power Plant Advisory Panel on Organizational Learning provides channels of communications between the management and organization research projects of the MIT International Program for Enhanced Nuclear Power ...
  • Carroll, John S.; Cebon, Peter (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 ...
  • Ellerman, A. Denny; Buchner, Barbara (MIT Center for Energy and Environmental Policy Research, 2006)
    This paper provides an initial analysis of the EU ETS based on the installation-level data for verified emissions and allowance allocations in the first trading year. Those data, released on May 15, 2006, and subsequent ...
  • Stoker, Thomas M. (MIT Center for Energy and Environmental Policy Research, 2000)
    We analyze labor productivity in coal mining in the United States using indices of productivity change associated with the concepts of panel data modeling. This approach is valuable when there is extensive heterogeneity ...
  • Joskow, Paul L. (MIT Center for Energy and Environmental Policy Research, 2005)
    This paper examines a number of issues associated with alternative analytical approaches for evaluating investments in electricity transmission infrastructure and alternative institutional arrangements to govern network ...
  • Greenstone, Michael; Looney, Adam (MIT CEEPR, 2012-02)
    Energy consumption is critical to economic growth and quality of life. America’s energy system, however, is malfunctioning. The status quo is characterized by a tilted playing field, where energy choices are based on the ...
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