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The Effect of Allowance Allocations on Cap-and-Trade System Performance
Hahn, Robert W. - 2010
can establish the overall pollution-reduction goal for a cap-and-trade system by setting the cap, and leave it up to the …
Persistent link: https://www.econbiz.de/10013146260
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Fracking, Drilling, and Asset Pricing : Estimating the Economic Benefits of the Shale Revolution
Gilje, Erik - 2016
We quantify the effect of a significant technological innovation, shale oil development, on asset prices. Using stock returns on major news announcement days allows us to link aggregate stock price fluctuations to shale technology innovations. We exploit cross-sectional variation in industry...
Persistent link: https://www.econbiz.de/10012977630
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Fear of Fracking? The Impact of the Shale Gas Exploration on House Prices in Britain
Gibbons, Stephen - 2016
Shale gas has grown to become a major new source of energy in countries around the globe. While its importance for energy supply is well recognized, there has also been public concern over potential risks such as damage to buildings and contamination of water supplies caused by geological...
Persistent link: https://www.econbiz.de/10012978528
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The Housing Market Impacts of Shale Gas Development
Muehlenbachs, Lucija - 2015
Using data from Pennsylvania and New York and an array of empirical techniques to control for confounding factors, we recover hedonic estimates of property value impacts from shale gas development that vary with geographic scale, water source, well productivity, and visibility. Results indicate...
Persistent link: https://www.econbiz.de/10013034428
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The Local Economic and Welfare Consequences of Hydraulic Fracturing
Bartik, Alexander - 2017
Exploiting geological variation within shale deposits and timing in the initiation of hydraulic fracturing, this paper finds that allowing fracing leads to sharp increases in oil and gas recovery and improvements in a wide set of economic indicators. At the same time, estimated...
Persistent link: https://www.econbiz.de/10012964916
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Collateral Damage : The Impact of Shale Gas on Mortgage Lending
Chen, Yanyou; Roberts, James W.; Timmins, Christopher; … - 2023
We analyze mortgage lenders’ behavior with respect to shale gas risk during the period of the U.S. shale gas boom, which coincided with fluctuations in the U.S. housing market and increased scrutiny in the lending industry. Shale gas operations have the potential to place affected houses into...
Persistent link: https://www.econbiz.de/10014351703
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Coasean Bargaining to Address Environmental Externalities
Libecap, Gary D. - 2016
I examine Ronald Coase's criticism of standard regulatory and tax policies to address environmental externalities. I …
Persistent link: https://www.econbiz.de/10013000533
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The Case for a Two-Part Instrument : Presumptive Tax and Environmental Subsidy
Fullerton, Don; Wolverton, Maryann - 2021
This paper builds two simple general equilibrium models to demonstrate the equivalence between the Pigovian tax and the combination of a presumptive tax and an environmental subsidy. A presumptive tax is a tax that is imposed under the presumption that all production uses a dirty technology or...
Persistent link: https://www.econbiz.de/10013227504
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The Corrective Tax Versus Liability as Solutions to the Problem of Harmful Externalities
Shavell, Steven - 2010
harmful externalities, its actual use has been limited, mainly to the domain of pollution. Liability, in contrast, has great … importance in controlling harmful externalities. I compare the tax and liability here in theory and suggest that the conclusions … help to explain the observed predominance of liability over taxation, except in the area of pollution. The following …
Persistent link: https://www.econbiz.de/10013139749
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Corrective Taxation Versus Liability
Shavell, Steven - 2010
Taxation and liability are compared here as means of controlling harmful externalities. It is emphasized that liability …
Persistent link: https://www.econbiz.de/10013139750