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The Allocative Cost of Price Ceilings in the U.S. Residential Market for Natural Gas
Kilian, Lutz; Davis, Lucas W. - National Bureau of Economic Research (NBER) - 2008
, when there is excess demand, the good will not be allocated to the buyers who value it the most. The resulting allocative … household-level, discrete-continuous model of natural gas demand, we estimate that the allocative cost in the U.S. residential …
Persistent link: https://www.econbiz.de/10005778427
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Energy Efficiency Economics and Policy
Newell, Richard; Palmer, Karen; Gillingham, Kenneth - National Bureau of Economic Research (NBER) - 2009
Energy efficiency and conservation are considered key means for reducing greenhouse gas emissions and achieving other energy policy goals, but associated market behavior and policy responses have engendered debates in the economic literature. We review economic concepts underlying consumer...
Persistent link: https://www.econbiz.de/10004992010
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The Impacts of the Climate Change Levy on Manufacturing: Evidence from Microdata
Martin, Ralf; Preux, Laure B. de; Wagner, Ulrich J. - National Bureau of Economic Research (NBER) - 2011
We estimate the impacts of the Climate Change Levy (CCL) on manufacturing plants using panel data from the UK production census. Our identification strategy builds on the comparison of outcomes between plants subject to the CCL and plants that were granted an 80% discount on the levy after...
Persistent link: https://www.econbiz.de/10009323423
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Cost-Effectiveness of Electricity Energy Efficiency Programs
Newell, Richard; Palmer, Karen; Arimura, Toshi H.; Li, … - National Bureau of Economic Research (NBER) - 2011
We analyze the cost-effectiveness of electric utility ratepayer-funded programs to promote demand-side management (DSM …) and energy efficiency (EE) investments. We specify a model that relates electricity demand to previous EE DSM spending …, energy prices, income, weather, and other demand factors. In contrast to previous studies, we allow EE DSM spending to have a …
Persistent link: https://www.econbiz.de/10009353475
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Estimating the Effect of a Gasoline Tax on Carbon Emissions
Kilian, Lutz; Davis, Lucas W. - National Bureau of Economic Research (NBER) - 2009
Several policy makers and economists have proposed the adoption of a carbon tax in the United States. It is widely recognized that such a tax in practice must take the form of a tax on the consumption of energy products such as gasoline. Although a large existing literature examines the...
Persistent link: https://www.econbiz.de/10005580535
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The Demand for Ethanol as a Gasoline Substitute
Anderson, Soren T. - National Bureau of Economic Research (NBER) - 2010
the shape of the ethanol demand curve to the distribution of price ratios at which individual households switch fuels. I … estimate the model using data from many retail fueling stations. Demand is price-sensitive with a mean elasticity of 2.5-3.5. I …
Persistent link: https://www.econbiz.de/10008646458
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Do Consumers Respond to Marginal or Average Price? Evidence from Nonlinear Electricity Pricing
Ito, Koichiro - National Bureau of Economic Research (NBER) - 2012
Nonlinear pricing and taxation complicate economic decisions by creating multiple marginal prices for the same good. This paper provides a framework to uncover consumers' perceived price of nonlinear price schedules. I exploit price variation at spatial discontinuities in electricity service...
Persistent link: https://www.econbiz.de/10010951392
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A Microeconomic Framework for Evaluating Energy Efficiency Rebound And Some Implications
Borenstein, Severin - National Bureau of Economic Research (NBER) - 2013
Improving the efficiency with which we use energy is often said to be the most cost-effective way to reduce energy use and greenhouse gas emissions. Yet, such improvements usually lower the cost of using energy-intensive goods and may create wealth from the energy savings, both of which lead to...
Persistent link: https://www.econbiz.de/10010696628
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Asymmetric Incentives in Subsidies: Evidence from a Large-Scale Electricity Rebate Program
Ito, Koichiro - National Bureau of Economic Research (NBER) - 2013
Many countries use substantial public funds to subsidize reductions in negative externalities. However, such subsidies create asymmetric incentives because increases in externalities remain unpriced. This paper examines implications of such asymmetric subsidy incentives by using a regression...
Persistent link: https://www.econbiz.de/10010696638
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The Lightbulb Paradox: Evidence from Two Randomized Experiments
Allcott, Hunt; Taubinsky, Dmitry - National Bureau of Economic Research (NBER) - 2013
Imperfect information and inattention to energy costs are important potential justifications for energy efficiency standards and subsidies. We evaluate these policies in the lightbulb market using a theoretical model and two randomized experiments. We derive welfare effects as functions of...
Persistent link: https://www.econbiz.de/10010884914