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Did Iraq Cheat the United Nations? Underpricing, Bribes, and the Oil for Food Program
Hsieh, Chang-Tai - 2005
From 1997 through early 2003, the United Nations Oil for Food Program allowed Iraq to export oil in exchange for humanitarian supplies. We measure the extent to which this program was corrupted by Iraq's attempts to deliberately set the price of its oil below market prices in an effort to...
Persistent link: https://www.econbiz.de/10012467483
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An Economic Perspective on Mexico's Nascent Deregulation of Retail Petroleum Markets
Davis, Lucas W. - 2018
Retail petroleum markets in Mexico are on the cusp of a historic deregulation. For decades, all 11,000 gasoline …, as well as about potential pitfalls. Turning Mexico's retail petroleum sector into a competitive market will not be easy … stations nationwide have carried the brand of the state-owned petroleum company Pemex and sold Pemex gasoline at federally …
Persistent link: https://www.econbiz.de/10012453169
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Empirical Tests of the Green Paradox for Climate Legislation
Norman, Maya A.; Schlenker, Wolfram - National Bureau of Economic Research - 2024
The Green Paradox posits that fossil fuel markets respond to changing expectations about climate legislation, which limits future consumption, by shifting consumption to the present through lower present-day prices. We demonstrate that oil futures responded negatively to daily changes in the...
Persistent link: https://www.econbiz.de/10014544684
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Risky Oil : It's All in the Tails
Baumeister, Christiane; Huber, Florian; Marcellino, … - National Bureau of Economic Research - 2024
The substantial fluctuations in oil prices in the wake of the COVID-19 pandemic and the Russian invasion of Ukraine have highlighted the importance of tail events in the global market for crude oil which call for careful risk assessment. In this paper we focus on forecasting tail risks in the...
Persistent link: https://www.econbiz.de/10014544801
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Coercion, Culture and Debt Contracts : The Henequen Industry in Yucatan, Mexico, 1870-1915
Alston, Lee - 2008
While most contemporary historians agree that the use of debt peonage as a coercive labor contract in Mexico was not … property rights were reallocated through land laws, and Mexico's economy became much more closely tied to the United States. In …
Persistent link: https://www.econbiz.de/10012464795
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The Market and Climate Implications of U.S. LNG Exports
Stock, James H.; Zaragoza-Watkins, Matthew - National Bureau of Economic Research - 2024
From 2015 to 2023, the United States transformed from a net importer of natural gas to the world's largest liquified natural gas (LNG) exporter. We find that this surge in LNG exports has reconnected U.S. gas prices to world market prices, after a hiatus of "shut-in" fracked gas. We estimate...
Persistent link: https://www.econbiz.de/10014512082
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Dynamic Targeting : Experimental Evidence from Energy Rebate Programs
Ida, Takanori; Ishihara, Takunori; Ito, Koichiro; Kido, … - National Bureau of Economic Research - 2024
Economic policies often involve dynamic interventions, where individuals receive repeated interventions over multiple periods. This dynamics makes past responses informative to predict future responses and ultimate outcomes depend on the history of interventions. Despite these phenomena,...
Persistent link: https://www.econbiz.de/10014576590
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The Economic Determinants of Heat Pump Adoption
Davis, Lucas W. - National Bureau of Economic Research - 2023
One concern with subsidies for low-carbon technologies is that they tend to go predominantly to high-income households. Previous research has shown, for example, that the top income quintile receives 60% of subsidies for rooftop solar and 90% of subsidies for electric vehicles. This paper finds...
Persistent link: https://www.econbiz.de/10014322732
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Transmission Impossible? Prospects for Decarbonizing the US Grid
Davis, Lucas W.; Hausman, Catherine; Rose, Nancy L. - National Bureau of Economic Research - 2023
Encouraged by the declining cost of grid-scale renewables, recent analyses conclude that the United States could reach net zero carbon dioxide emissions by 2050 at relatively low cost using currently available technologies. While the cost of renewable generation has declined dramatically,...
Persistent link: https://www.econbiz.de/10014322765
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Energy Hogs and Energy Angels : What Does Residential Electricity Usage Really Tell Us About Profligate Consumption?
Borenstein, Severin - National Bureau of Economic Research - 2024
Since the 1970s, high volumetric (per kilowatt-hour) electricity prices have been justified in many policy discussions as encouraging more efficient use of electricity and placing more of the cost burden on those who are less prudent in their use. The argument has been used in support of...
Persistent link: https://www.econbiz.de/10014468223