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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
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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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Negotiations of Oil and Gas Auxiliary Lease Clauses : Evidence from Pennsylvania's Marcellus Shale
Harleman, Max; Manohar, Pramod; Hill, Elaine L. - National Bureau of Economic Research - 2022
Oil and gas lease negotiations provide mineral owners the opportunity to negotiate for both compensation and auxiliary clauses that may protect their health and properties. We use optical character recognition to assemble a novel dataset of compensation and specific clauses in nearly 60,000...
Persistent link: https://www.econbiz.de/10013477298
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Learning by Viewing? Social Learning, Regulatory Disclosure, and Firm Productivity in Shale Gas
Fetter, T. Robert - 2018
In many industries firms can learn about new technologies from other adopters; mandatory disclosure regulations represent an understudied channel for this type of social learning. We study an environmentally-focused law in the shale gas industry to examine firms' claims that disclosure...
Persistent link: https://www.econbiz.de/10012481048
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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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Efficiency and Equity Impacts of Energy Subsidies
Hahn, Robert William; Metcalfe, Robert D. - National Bureau of Economic Research - 2021
natural field experiment, we estimate the price elasticity of demand for natural gas to be about -0.35 for CARE customers. An …
Persistent link: https://www.econbiz.de/10012482589
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Do Americans Consume Too Little Natural Gas? An Empirical Test of Marginal Cost Pricing
Davis, Lucas W. - 2010
commercial customers facing average markups of over 40%. Based on conservative estimates of the price elasticity of demand these …
Persistent link: https://www.econbiz.de/10012462765
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The Allocative Cost of Price Ceilings in the U.S. Residential Market for Natural Gas
Davis, Lucas W. - 2008
, when there is excess demand, the good will not be allocated to the buyers who value it the most. The resulting allocative … household-level, discrete-continuous model of natural gas demand, we estimate that the allocative cost in the U.S. residential …
Persistent link: https://www.econbiz.de/10012464616
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Climate Adaptive Response Estimation : Short And Long Run Impacts Of Climate Change On Residential Electricity and Natural Gas Consumption Using Big Data
Auffhammer, Maximilian - 2018
residential electricity and natural gas demand for the world's sixth largest economy - California. The advantage of the proposed …-of-the-art climate models, we simulate future demand by letting households vary consumption along the intensive and extensive margins. We … show that failing to account for extensive margin adjustment in electricity demand leads to a significant underestimate of …
Persistent link: https://www.econbiz.de/10012453317
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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
ever causally identified, microdata-based estimates of residential natural gas demand elasticities using a panel of … upstream natural gas spot market. We estimate that the elasticity of demand for residential natural gas is between -0.23 and -0 …
Persistent link: https://www.econbiz.de/10012453419