This paper examines the relationship between spot and futures prices for a broad range of commodities, including energy … and/or (2) accurate predictor of subsequent spot prices. While energy futures prices are generally unbiased predictors of …

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 …

I use U.S. patent data from 1970 to 1994 to estimate the effect of energy prices on energy-efficient innovations. Using …-side factors, such as scientific advancements that make new innovations possible. I find that both energy prices and the quality of …

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 …

We estimate an aggregate production function with constant elasticity of substitution between energy and a capital …/labor composite using U.S. data. The implied measure of energy-saving technical change appears to respond strongly to the oil … suggestive of a model of directed technical change, with low short-run substitutability between energy and capital/labor but …

This paper studies the macroeconomic effects of energy price shocks in energy-importing economies using a heterogeneous …-agent New Keynesian model. When MPCs are realistically large and the elasticity of substitution between energy and domestic … goods is realistically low, increases in energy prices depress real incomes and cause a recession, even if the central bank …

when renewable energy share reaches 52% and expected capital costs are $259/kWh. While the competitive market will install …

Green energy is produced by relationship-specific assets that are vulnerable to hold-up if contracts are not strictly … enforced. I study the role of counterparty risk in the procurement of green energy using data on the universe of solar … themselves or the central government. I find that: (i) the counterparty risk of an average state increases solar energy prices by …