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Panel data analysis of U.S. coal productivity
(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 ...
Tax effects upon oil field development in Venezuela
(MIT Center for Energy and Environmental Policy Research, 2000)
Important reforms have been made to the oil sector tax code in Venezuela. Given its diversity of oil resources, there was a concern that some resources were not being exploited because of the structure of the tax code. ...
The effect of falling market concentration on prices, generator behaviour and productive efficiency in the England and Wales electricity market
(MIT Center for Energy and Environmental Policy Research, 2001)
A universal prediction of the various oligopoly models used to predict and explain behaviour in the England and Wales (E&W) electricity wholesale market is that divestiture of plants by the two large incumbent generators ...
Creating the wholesale market for electricity in Japan : what should Japan learn from major markets in the United States and Europe?
(MIT Center for Energy and Environmental Policy Research, 2001)
The movement of deregulation in Japan's electric power industry started in 1995 with the revision of the Electric Utility Industry Law. During these past over five years, levels of various discussions have been made in ...
Volatility and commodity price dynamics
(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 ...
Multipollutant markets
(MIT Center for Energy and Environmental Policy Research, 2001)
I study the optimal design of marketable permit systems to regulate various pollutants (e.g. air pollution in urban areas) when the regulator lives in a real world of imperfect information and incomplete enforcement. I ...
Trading quasi-emission permits
(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). ...
Testing the efficiency of a tradeable permits market
(MIT Center for Energy and Environmental Policy Research, 2002)
A tradeable permits market is said to be efficient when all affected firms trade permits until their marginal costs equal the market price. Detailed firm-level data are generally required to perform such an efficiency test, ...
Environmental benefits and cost savings through market-based instruments : an application using state-level data from India
(MIT Center for Energy and Environmental Policy Research, 2002)
This paper develops a methodology for estimating potential cost savings from the use of market-based instruments (MBIs) when local emissions and abatement cost data are not available. The paper provides estimates of the ...
Uncertain Outcomes and Climate Change Policy
(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 ...