Federal tax policy provides a broad array of incentives for energy investment. I review those policies and construct … estimates of marginal effective tax rates for different energy capital investments as of 2007. Effective tax rates vary widely … across investment classes. I then consider investment in wind generation capital and regress investment against a user cost …

This paper sets out a simple spatial model of energy exploitation to ask how the location and productivity of energy … resources affects the distribution of economic activity across geographic space. By combining elements from energy economics and … economic geography we link the productivity of energy resources to the incentives for economic activity to agglomerate. We find …

This paper discusses contributions that industrial organization economists have made to our understanding of energy … the topics examined by this literature--especially auctions, investment, productivity and innovation, and regulation …--also apply to a variety of settings beyond energy and the environment. We also indicate areas where future research is likely to …

In electricity markets, generators are rewarded both for providing energy and for enabling grid reliability. The two … functions are compensated in separate markets: energy markets and ancillary services markets. We provide evidence of changes in … the fuel mix in the energy market that is driven by exogenous changes in an ancillary services market. We provide quasi …

and limited arbitrage. Our theory predicts that these two elements can generate a systematic price premium. We test the …

Energy security is the ability of households, businesses, and government to accommodate disruptions in supply in energy … markets. This survey considers the economic dimensions of energy security, political and other non-economic security concerns … and discusses policy approaches that could enhance U.S. energy security. A number of points emerge. First, energy security …

provision of marginal incentives, and applies the theory to explain variation in the form of compensation of over-the-road truck … of hauls in a way that is consistent with the theory. By contrast, we find that vehicle ownership, which defines a driver …

Capital income tax policy affects investment by the parent and affiliates of multinational corporations (MNCs). In a … model in which technical advances are embodied in new capital, investment will translate directly into productivity gains … 1992, due to productivity growth in MNCs with Canadian affiliates; (3) the investment elasticity of productivity growth is …