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The competition between coal and natural gas : the importance of sunk costs
(MIT Center for Energy and Environmental Policy Research, 1996)
This paper explores the seeming paradox between the predominant choice of natural gas for capacity additions to generate electricity in the United States and the continuing large share of coal in meeting incremental ...
Why are allowance prices so low? : an analysis of the SO2 emissions trading program
(MIT Center for Energy and Environmental Policy Research, 1996)
This paper presents an analysis of the reduction in SO2 emissions by electric utilities between 1985 and 1993. We find that emissions have been reduced for reasons largely unrelated to the emission reduction mandate ...