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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
contamination of water supplies caused by geological disturbance from the hydraulic fracturing (‘fracking') extraction process … future development. This paper examines whether public fears about fracking are evident in changes in house prices in areas … house prices but fracking the first well in 2011, which caused two minor earthquakes, did. We find a 2.7-4.1 percent house …
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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Innovativity : A Comparison Across Seven European Countries
Mohnen, Pierre; Mairesse, Jacques; Dagenais, Marcel - 2021
: Belgium, Denmark, Ireland, Germany, the Netherlands, Norway and Italy for the year 1992. Based on the estimation of a …
Persistent link: https://www.econbiz.de/10013218733
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Prospects for Nuclear Power
Davis, Lucas W. - 2011
The prospects for a revival of nuclear power were dim even before the partial reactor meltdowns at the Fukushima nuclear plant. Nuclear power has long been controversial because of concerns about nuclear accidents, proliferation risk, and the storage of spent fuel. These concerns are real and...
Persistent link: https://www.econbiz.de/10013117387
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Fairness and Redistribution : U.S. Versus Europe
Alesina, Alberto F. - 2011
Different beliefs about how fair social competition is and what determines income inequality, influence the redistributive policy chosen democratically in a society. But the composition of income in the first place depends on equilibrium tax policies. If a society believes that individual effort...
Persistent link: https://www.econbiz.de/10013134300
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Why are Some People (and Countries) More Protectionist than Others?
Mayda, Anna Maria; Rodrik, Dani - 2021
We analyze a rich cross-country data set that contains information on attitudes toward trade as well as a broad range of socio-demographic and other indicators. We find that pro-trade preferences are significantly and robustly correlated with an individual's level of human capital, in the manner...
Persistent link: https://www.econbiz.de/10013247190
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Belief in a Just World and Redistributive Politics
Bénabou, Roland; Tirole, Jean - 2021
International surveys reveal wide differences between the views held in different countries concerning the causes of wealth or poverty and the extent to which people are responsible for their own fate. At the same time, social ethnographies and experiments by psychologists demonstrate...
Persistent link: https://www.econbiz.de/10013247011