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Using the Market to Address Climate Change: Insights from Theory and Experience

Aldy, Joseph E.; Stavins, Robert Norman - National Bureau of Economic Research (NBER) - 2011

the decision calculus for these activities in the direction of more efficient generation and use of energy, lower carbon … intensity of energy, and - more broadly - a more carbon-lean economy. The only approach to doing this on a meaningful scale that …-and-trade, and clean energy standards. We note that the U.S. political response to possible market-based approaches to climate policy …

Persistent link: https://www.econbiz.de/10009328093

The SO2 Allowance Trading System: The Ironic History of a Grand Policy Experiment

Schmalensee, Richard; Stavins, Robert Norman - National Bureau of Economic Research (NBER) - 2012

Two decades have passed since the Clean Air Act Amendments of 1990 launched a grand experiment in market-based environmental policy: the SO2 cap-and-trade system. That system performed well but created four striking ironies. First, this system was put in place to curb acid rain, but the main...

Persistent link: https://www.econbiz.de/10011152529

Imperfect Competition in Selection Markets

Mahoney, Neale; Weyl, E. Glen - National Bureau of Economic Research (NBER) - 2014

Standard policies to correct market power and selection can be misguided when these two forces co-exist. Using a calibrated model of employer-sponsored health insurance, we show that the risk adjustment commonly used by employers to offset adverse selection often reduces the amount of...

Persistent link: https://www.econbiz.de/10010890106

Highway to Success: The Impact of the Golden Quadrilateral Project for the Location and Performance of Indian Manufacturing

Ghani, Ejaz; Goswami, Arti Grover; Kerr, William R. - National Bureau of Economic Research (NBER) - 2012

We investigate the impact of the Golden Quadrilateral (GQ) highway project on the Indian organized manufacturing sector using enterprise data. The GQ project upgraded the quality and width of 5,846 km of roads in India. We use a difference-in-difference estimation strategy to compare non-nodal...

Persistent link: https://www.econbiz.de/10010950745

Political Reservations and Women's Entrepreneurship in India

Ghani, Ejaz; Kerr, William R.; O'Connell, Stephen D. - National Bureau of Economic Research (NBER) - 2014

We quantify the link between the timing of state-level implementations of political reservations for women in India with the role of women in India's manufacturing sector. While overall employment of women in manufacturing does not increase after the reforms, we find significant evidence that...

Persistent link: https://www.econbiz.de/10010950817

Accounting for Expectational and Structural Error in Binary Choice Problems: A Moment Inequality Approach

Dickstein, Michael J.; Morales, Eduardo - National Bureau of Economic Research (NBER) - 2013

Many economic decisions involve a binary choice - for example, when consumers decide to purchase a good or when firms decide to enter a new market. In such settings, agents' choices often depend on imperfect expectations of the future payoffs from their decision (expectational error) as well as...

Persistent link: https://www.econbiz.de/10010951018

The Bidder Exclusion Effect

Coey, Dominic; Larsen, Bradley; Sweeney, Kane - National Bureau of Economic Research (NBER) - 2014

We introduce a simple and robust approach to answering two key questions in empirical auction analysis: discriminating between models of entry and quantifying the revenue gains from improving auction design. The approach builds on Bulow and Klemperer (1996), connecting their theoretical results...

Persistent link: https://www.econbiz.de/10010951042

Multi-Product Firms and Product Quality

Manova, Kalina; Zhang, Zhiwei - National Bureau of Economic Research (NBER) - 2012

This paper proposes that quality differentiation is an important feature of the operations of multi-product firms. We develop a model in which manufacturers vary product quality across their product range by using inputs of different quality levels. Firms' core competency is in varieties of...

Persistent link: https://www.econbiz.de/10010951043

The Industrial Organization of Health Care Markets

Gaynor, Martin; Ho, Kate; Town, Robert - National Bureau of Economic Research (NBER) - 2014

The US health care sector is large and growing - health care spending in 2011 amounted to $2.7 trillion and 18% of GDP. Approximately half of health care output is allocated via markets. In this paper, we analyze the industrial organization literature on health care markets focusing on the...

Persistent link: https://www.econbiz.de/10010951264

The Smart Grid, Entry, and Imperfect Competition in Electricity Markets

Allcott, Hunt - National Bureau of Economic Research (NBER) - 2012

Most US consumers are charged a near-constant retail price for electricity, despite substantial hourly variation in the wholesale market price. The Smart Grid is a set of emerging technologies that, among other effects, will facilitate "real-time pricing" for electricity and increase price...

Persistent link: https://www.econbiz.de/10011271447

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