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Natural Gas Price Elasticities and Optimal Cost Recovery Under Consumer Heterogeneity : Evidence from 300 million natural gas bills
Auffhammer, Maximilian - 2018
Half of American households heat their homes with natural gas furnaces and 43% use it to heat their water. Hence, understanding residential natural gas consumption behavior has become a first-order problem. In this paper, we provide the first ever causally identified, microdata-based estimates...
Persistent link: https://www.econbiz.de/10012453419
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Natural Gas Prices and Coal Displacement : Evidence from Electricity Markets
Knittel, Christopher R. - 2015
response to changes in the relative price of the two fuels. In particular, we study the following entities: investor … considered. Using simple back-of-the-envelope calculations, the almost 70% drop in the price of natural gas between June 2008 and …
Persistent link: https://www.econbiz.de/10012457042
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The Effect of Price Caps on Pharmaceutical Advertising : Evidence from the 340b Drug Pricing Program
Hristakeva, Sylvia; Mortimer, Julie Holland; Yde, Eric - National Bureau of Economic Research - 2024
We study the effect of price caps on the provision of costly effort by pharmaceutical firms using variation in drug … discounts generated by a price regulation program that allows eligible hospitals to purchase outpatient drugs at steep discounts … targeted towards physicians at these hospitals. We find that the effects of price regulation on pharmaceutical firm effort …
Persistent link: https://www.econbiz.de/10014512103
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Carbon Pricing, Clean Electricity Standards, and Clean Electricity Subsidies on the Path to Zero Emissions
Borenstein, Severin; Kellogg, Ryan - National Bureau of Economic Research - 2022
We categorize the primary incentive-based mechanisms under consideration for addressing greenhouse gas emissions from electricity generation--pricing carbon, setting intensity standards, and subsidizing clean energy--and compare their market outcomes under similar expansions of clean electricity...
Persistent link: https://www.econbiz.de/10013334480
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Regulatory Incentives for Innovation : The FDA's Breakthrough Therapy Designation
Chandra, Amitabh; Kao, Jennifer L.; Miller, Kathleen L.; … - National Bureau of Economic Research - 2022
Regulators of new products confront a tradeoff between speeding a new product to market and collecting additional product quality information. The FDA's Breakthrough Therapy Designation (BTD) provides an opportunity to understand if a regulator can use new policy to innovate around this...
Persistent link: https://www.econbiz.de/10013477204
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What Matters for Electrification? Evidence from 70 Years of U.S. Home Heating Choices
Davis, Lucas W. - National Bureau of Economic Research - 2021
The percentage of U.S. homes heated with electricity has increased steadily from 1% in 1950, to 8% in 1970, to 26% in 1990, to 39% in 2018. This paper investigates the key determinants of this increase in electrification using data on heating choices from millions of U.S. households over a...
Persistent link: https://www.econbiz.de/10012482542
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The Allocative Cost of Price Ceilings in the U.S. Residential Market for Natural Gas
Davis, Lucas W. - 2008
A direct consequence of imposing a ceiling on the price of a good for which secondary markets do not exist, is that … cost has been discussed in the literature as a potentially important component of the total welfare loss from price … data for the U.S. residential market for natural gas which was subject to price ceilings during 1954-1989. This market is …
Persistent link: https://www.econbiz.de/10012464616
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When Does Regulation Distort Costs? Lessons from Fuel Procurement in U.S. Electricity Generation
Cicala, Steve - 2014
plants substantially reduce the price paid for coal (but not gas), and tend to employ less capital-intensive sulfur abatement …
Persistent link: https://www.econbiz.de/10012458556
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Variation in State Response to Open Access : Constituent Characteristics
Libecap, Gary D. - National Bureau of Economic Research - 2024
Open access, competitive exploitation can be incredibly damaging to valuable resources and the human populations that depend upon them. Even though wealth, resource rents and stocks are at stake, open access often seems to be ineffectively addressed across time and space. Institutions vary....
Persistent link: https://www.econbiz.de/10014468221
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Climate Change, Directed Innovation, and Energy Transition : The Long-run Consequences of the Shale Gas Revolution
Acemoglu, Daron; Aghion, Philippe; Barrage, Lint; … - National Bureau of Economic Research - 2023
We investigate the short- and long-term effects of a natural gas boom in an economy where energy can be produced with coal, natural gas, or clean sources and the direction of technology is endogenous. In the short run, a natural gas boom reduces carbon emissions by inducing substitution away...
Persistent link: https://www.econbiz.de/10014372414