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I use U.S. patent data from 1970 to 1994 to estimate the effect of energy prices on energy-efficient innovations. Using patent citations to construct a measure of the usefulness of the existing base of scientific knowledge, I consider the effect of both demand-side factors, which spur innovative...
Persistent link: https://www.econbiz.de/10012470440
Improving end-use energy efficiency--that is, the energy-efficiency of individuals, households, and firms as they consume energy--is often cited as an important element in efforts to reduce greenhouse-gas (GHG) emissions. Arguments for improving energy efficiency usually rely on the idea that...
Persistent link: https://www.econbiz.de/10012457761
Energy-efficient technologies offer considerable promise for reducing the financial costs and environmental damages associated with energy use, but these technologies appear not to be adopted by consumers and businesses to the degree that would apparently be justified, even on a purely financial...
Persistent link: https://www.econbiz.de/10012457762
Many consumers are keenly aware of gasoline prices, and consumer responses to gasoline prices have been well studied. In this paper, by contrast, we investigate how gasoline prices affect the automobile industry: manufacturers and dealerships. We estimate how changes in gasoline prices affect...
Persistent link: https://www.econbiz.de/10012460050
. This paper provides a framework to uncover consumers' perceived price of nonlinear price schedules. I exploit price … respond to average price rather than marginal or expected marginal price. This sub-optimizing behavior makes nonlinear pricing …
Persistent link: https://www.econbiz.de/10012460127
insights help explain observed heterogeneity in pricing dynamics. We show that average price elasticities vary from 0.6 to 1 …
Persistent link: https://www.econbiz.de/10012456742
We provide a general framework for incorporating many types of micro data from summary statistics to full surveys of selected consumers into Berry, Levinsohn, and Pakes (1995)-style estimates of differentiated products demand systems. We extend best practices for BLP estimation in Conlon and...
Persistent link: https://www.econbiz.de/10014337838
We provide a spatial theory of clean growth to assess the global impact of the rise of renewable energy. We model the details of the combined production and transmission network of electricity ("the grid") that determine the supply and losses of energy in space. The local rate of clean energy...
Persistent link: https://www.econbiz.de/10014337847
exploit daily variation in Bitcoin price as a natural experiment for an 86 megawatt coal-fired power plant with on …-site cryptomining. We find that carbon emissions respond swiftly to mining incentives, with price elasticities of 0.69-0.71 in the short …-run and 0.33-0.40 in the longer run. A $1 increase in Bitcoin price leads to $3.11-$6.79 in external damages from carbon …
Persistent link: https://www.econbiz.de/10014372502
price variation, we estimate output and entry elasticities of inventors and measure the medium-term impacts of a price …
Persistent link: https://www.econbiz.de/10014421213