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Anticipation, Tax Avoidance, and the Price Elasticity of Gasoline Demand

Coglianese, John; Davis, Lucas W; Kilian, Lutz; Stock, … - C.E.P.R. Discussion Papers - 2015

Traditional least squares estimates of the responsiveness of gasoline consumption to changes in gasoline prices are biased toward zero, given the endogeneity of gasoline prices. A seemingly natural solution to this problem is to instrument for gasoline prices using gasoline taxes, but this...

Persistent link: https://www.econbiz.de/10011184084

Speculation in the Oil Market

Juvenal, Luciana; Petrella, Ivan - C.E.P.R. Discussion Papers - 2014

The run-up in oil prices since 2004 coincided with growing investment in commodity markets and increased price comovement among different commodities. We assess whether speculation in the oil market played a role in driving this salient empirical pattern. We identify oil shocks from a large...

Persistent link: https://www.econbiz.de/10011084143

Growth and the Optimal Carbon Tax: When to Switch from Exhaustible Resources to Renewables?

van der Ploeg, Frederick; Withagen, Cees - C.E.P.R. Discussion Papers - 2011

. We analyze the optimal time of transition from fossil fuel to renewables, amount of fossil fuel to leave in situ, and … phasing in of renewables, but fossil fuel is depleted more quickly. Global warming need thus not be alleviated. …

Persistent link: https://www.econbiz.de/10008854461

Modelling Energy Demand and Household Welfare Using Micro-Data

Baker, Paul; Blundell, Richard William; Micklewright, John - C.E.P.R. Discussion Papers - 1987

The paper is concerned with the empirical modelling of domestic demand for energy in the United Kingdom at the level of …-stage budgeting model of the household's demand for energy conditional on its ownership of durables. Preferences at both stages of the … data has not been fully exploited in the analysis of energy demand to date. Unrestricted reduced-form estimates are …

Persistent link: https://www.econbiz.de/10005497752

Energy and Climate Change in China

Carraro, Carlo; Massetti, Emanuele - C.E.P.R. Discussion Papers - 2012

This paper examines future energy and emissions scenarios in China generated by the Integrated Assessment Model WITCH …

Persistent link: https://www.econbiz.de/10011084331

Agglomeration Economies, Taxable Rents, And Government Capture: Evidence From A Place-Based Policy

Brülhart, Marius; Simpson, Helen - C.E.P.R. Discussion Papers - 2015

We study how industry-level agglomeration economies affect government policy. Using administrative data on firm …

Persistent link: https://www.econbiz.de/10011272712

Agglomeration and Economic Geography

Ottaviano, Gianmarco; Thisse, Jacques-François - C.E.P.R. Discussion Papers - 2003

Peaks and troughs in the spatial distributions of population, employment and wealth are a universal phenomenon in search of a general theory. Such spatial imbalances have two possible explanations. In the first, uneven economic development can be seen as the result of the uneven distribution of...

Persistent link: https://www.econbiz.de/10005662148

Innovation in Cities: Science-Based Diversity, Specialization and Localized Competition

Audretsch, David B; Feldman, Maryann P - C.E.P.R. Discussion Papers - 1998

Whether diversity or specialization of economic activity better promotes technological change and subsequent economic growth has been the subject of a heated debate in the economics literature. The purpose of this paper is to consider the effect of the composition of economic activity on...

Persistent link: https://www.econbiz.de/10005662217

The Spread of Industry: Spatial Agglomeration in Economic Development

Puga, Diego; Venables, Anthony J - C.E.P.R. Discussion Papers - 1996

This paper describes the spread of industry from country to country as a region grows. All industrial sectors are initially agglomerated in one country, tied together by input-output links between firms. Growth expands industry more than other sectors, bidding up wages in the country in which...

Persistent link: https://www.econbiz.de/10005662334

Growth and Agglomeration

Martin, Philippe; Ottaviano, Gianmarco - C.E.P.R. Discussion Papers - 1996

This paper presents a model in which growth and geographic agglomeration of economic activities are mutually self … reinforcing processes. Industrial agglomeration in one location spurs growth because it reduces the cost of innovation in that … location through a pecuniary externality due to transaction costs. Growth fosters agglomeration because as the sector at the …

Persistent link: https://www.econbiz.de/10005662416

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