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The Allocative Cost of Price Ceilings in the U.S. Residential Market for Natural Gas
Davis, Lucas W. - 2008
A direct consequence of imposing a ceiling on the price of a good for which secondary markets do not exist, is that, when there is excess demand, the good will not be allocated to the buyers who value it the most. The resulting allocative cost has been discussed in the literature as a...
Persistent link: https://www.econbiz.de/10012771807
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When Does Regulation Distort Costs? Lessons from Fuel Procurement in U.S. Electricity Generation
Cicala, Steve - 2014
This paper evaluates changes in fuel procurement practices by coal- and gas-fired power plants in the United States following state-level legislation that ended cost-of-service regulation of electricity generation. I find that deregulated plants substantially reduce the price paid for coal (but...
Persistent link: https://www.econbiz.de/10013054040
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What Matters for Electrification? Evidence from 70 Years of U.S. Home Heating Choices
Davis, Lucas - 2022
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/10014241849
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Learning by Viewing? Social Learning, Regulatory Disclosure, and Firm Productivity in Shale Gas
Fetter, T. Robert - 2018
represent an understudied channel for this type of social learning. We study an environmentally-focused law in the shale gas …
Persistent link: https://www.econbiz.de/10012906299
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Making Carbon Taxation a Generational Win Win
Kotlikoff, Laurence J. - 2019
Carbon taxation has been studied primarily in social planner or infinitely lived agent models, which trade off the welfare of future and current generations. Such frameworks obscure the potential for carbon taxation to produce a generational win-win. This paper develops a large-scale, dynamic...
Persistent link: https://www.econbiz.de/10012871811
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Natural Gas Prices and Coal Displacement : Evidence from Electricity Markets
Knittel, Christopher R. - 2015
We examine the environmental impact of the post-2005 natural gas glut in the United States due to the shale gas boom …
Persistent link: https://www.econbiz.de/10013013922
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Welfare and Distributional Implications of Shale Gas
Hausman, Catherine - 2015
gas to be extracted profitably from underground shale formations that were long thought to be uneconomical. In this paper … the shale gas revolution led to an increase in welfare for natural gas consumers and producers of $48 billion per year …, but more data are needed on the extent and valuation of the environmental impacts of shale gas production …
Persistent link: https://www.econbiz.de/10013023687
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Trophy Hunting vs. Manufacturing Energy : The Price-Responsiveness of Shale Gas
Newell, Richard G. - 2016
We analyze the relative price elasticity of unconventional versus conventional natural gas extraction. We separately analyze three key stages of gas production: drilling wells, completing wells, and producing natural gas from the completed wells. We find that the important margin is drilling...
Persistent link: https://www.econbiz.de/10012984760
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Can Natural Gas Save Lives? Evidence from the Deployment of a Fuel Delivery System in a Developing Country
Cesur, Resul - 2016
There has been a widespread displacement of coal by natural gas as space heating and cooking technology in Turkey in the last two decades, triggered by the deployment of natural gas networks. In this paper, we examine the impact of this development on mortality among adults and the elderly. Our...
Persistent link: https://www.econbiz.de/10012984770
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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, Max - 2018
This paper proposes a simple two-step estimation method (Climate Adaptive Response Estimation - CARE) to estimate sectoral climate damage functions, which account for long- run adaptation. The paper applies this method in the context of residential electricity and natural gas demand for the...
Persistent link: https://www.econbiz.de/10012925292