Working Papers: Recent submissions
Now showing items 148-150 of 334
-
Transitional strategies for the reduction of "greenhouse gas" emission in the United States electric power sector
(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 ... -
Rail costs and capital adjustments in a quasi-regulated environment
(MIT Center for Energy and Environmental Policy Research, 1990)This paper reports on results obtained from estimation of a rail cost function using a pooled time-series cross section of Class I U.S. railroads for the period 1973-1986. Based on the results of this cost function, an ... -
The agency cost of alternative debt instruments
(MIT Center for Energy and Environmental Policy Research, 1990)In this paper we show how to adapt the traditional contingent claims valuation techniques to correctly value the firm and its liabilities in the presence of agency costs. This enables us to measure the significance of the ...


