Working Papers: Recent submissions

Now showing items 154-156 of 334

    • The first oil price explosion 1971-1974 

      Adelman, Morris Albert (MIT Center for Energy and Environmental Policy Research, 1990)
      The 1970 price of Saudi Light crude was $1.21, of which 89 cents was excise tax. By end-1974, the price was about $11, of which 30-50 cents was a fee paid to the former owners, now operators. The detailed history of the ...

    • Auction design and favoritism 

      Laffont, Jean-Jacques; Tirole, Jean (MIT Center for Energy and Environmental Policy Research, 1989)
      The theory of auctions has ignored the fact that often auction designers, not the principal, design auctions. In a multi attribute auction, the auction designer may bias his subjective evaluation of quality or distort the ...

    • The politics of government decision making : regulatory institutions 

      Laffont, Jean-Jacques; Tirole, Jean (MIT Center for Energy and Environmental Policy Research, 1989)
      Public decision makers are given a vague mandate to regulate industries. Restrictions on their instruments or scope of regulation affect their incentives to identify with interest groups and the effectiveness ...