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Understanding the Estimation of Oil Demand and Oil Supply Elasticities
Kilian, Lutz - 2020
This paper examines the advantages and drawbacks of alternative methods of estimating oil supply and oil demand … conclusion that the one-month oil supply elasticity is close to zero, which implies that oil demand shocks are the dominant …
Persistent link: https://www.econbiz.de/10012822493
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A Life-Cycle Analysis of French Household Electricity Demand
Bélaïd, Fateh; Rault, Christophe; Massié, Camille - 2021
This paper develops a pseudo-panel approach to examine household electricity demand behaviour through the household … evidence that the income elasticity of French residential electricity demand is 0.22, averaged over our four cohorts of …
Persistent link: https://www.econbiz.de/10013250745
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Heterogeneity in the Pass-Through from Oil to Gasoline Prices : A New Instrument for Estimating the Price Elasticity of Gasoline Demand
Kilian, Lutz; Zhou, Xiaoqing - 2023
We propose a new instrument for estimating the price elasticity of gasoline demand that exploits systematic differences … response to an aggregate oil price shock. Time-varying estimates do not support the view that the gasoline demand elasticity … rose to about -0.2 in 2015-16, but has remained stable since 2016. Gasoline demand is more responsive in states with lower …
Persistent link: https://www.econbiz.de/10014358334
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Phasing out Nuclear Power in Europe
Aune, Finn Roar; Golombek, Rolf; Hallre, Hilde - 2015
. Whereas the 2030 EU target for the renewable share in final energy demand is (at least) 27 percent, we find that after a …
Persistent link: https://www.econbiz.de/10011307073
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Microeconomics of the rebound effect for residential solar photovoltaic systems
Oliver, Matthew E.; Moreno-Cruz, Juan; Beppler, Ross C. - 2019
The rebound effect is a well-known behavioral response whereby potential energy savings from efficiency improvements are partially offset by increased consumption of energy services, as the marginal cost of energy services is reduced. This paper characterizes a similar rebound effect related to...
Persistent link: https://www.econbiz.de/10012018326
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Carbon Prices are Redundant in the 2030 EU Climate and Energy Policy Package
Aune, Finn Roar; Golombek, Rolf - 2018
In June 2018, an agreement between key EU institutions – the Commission, the European Parliament, and the European Council – was reached after a long-lasting discourse over the 2030 EU climate and energy policy package. This paper offers a comprehensive assessment of the EU package, with its...
Persistent link: https://www.econbiz.de/10011957180
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Is there a green paradox?
Hoel, Michael - 2010
A sufficiently rapidly rising carbon tax may increase near-term emissions compared with the case of no carbon tax. Even so, such a carbon tax path may reduce total costs related to climate change, since the tax may reduce total carbon extraction. A government cannot commit to a specific carbon...
Persistent link: https://www.econbiz.de/10010274935
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Solar Rebound - The Unintended Consequences of Subsidies
Boccard, Nicolas; Gautier, Axel - 2019
Many jurisdictions use net metering to record the power exchange between solar photovoltaic panels and the grid, thus valuing home production at the electricity retail rate. However, if over the billing period, production exceeds consumption, the surplus remains freely available for consumption....
Persistent link: https://www.econbiz.de/10012179762
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The Welfare Effects of Persuasion and Taxation: Theory and Evidence from the Field
Rodemeier, Matthias; Löschel, Andreas - 2020
information disclosure strongly decreases demand for energy efficiency, while partial information disclosure increases demand. More …
Persistent link: https://www.econbiz.de/10012214170
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Environmental Policy with Green Consumerism
Ambec, Stefan; De Donder, Philippe - 2020
Is green consumerism beneficial to the environment and the economy? To shed light on this question, we study the political economy of environmental regulations in a model with neutral and green consumers where the latter derive some warm glow from buying a good of higher environmental quality...
Persistent link: https://www.econbiz.de/10012269527