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The Equity and Efficiency of Two-Part Tariffs in U.S. Natural Gas Markets
Borenstein, Severin - 2010
Residential natural gas customers in the United States face volumetric charges for natural gas that average about 30% more than marginal cost. The large markup on natural gas - which is used to cover the fixed infrastructure and operating costs of the local distribution companies - is widely...
Persistent link: https://www.econbiz.de/10012462003
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Efficient Contracting and Market Power : Evidence from the U.S. Natural Gas Industry
Hubbard, R. Glenn - 1990
It is well recognized by economists that long-term contracting under an array of price and non-price provisions may be an efficient response to small-numbers bargaining problems. Empirical work to distinguish such issues from predictions of models of market power and bargaining has been sparse,...
Persistent link: https://www.econbiz.de/10012475525
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The Market and Climate Implications of U.S. LNG Exports
Stock, James H.; Zaragoza-Watkins, Matthew - National Bureau of Economic Research - 2024
From 2015 to 2023, the United States transformed from a net importer of natural gas to the world's largest liquified natural gas (LNG) exporter. We find that this surge in LNG exports has reconnected U.S. gas prices to world market prices, after a hiatus of "shut-in" fracked gas. We estimate...
Persistent link: https://www.econbiz.de/10014512082
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The Long-Run Labor Market Effects of the Canada-U.S. Free Trade Agreement
Kovak, Brian K.; Morrow, Peter M. - National Bureau of Economic Research - 2022
This paper assesses the long-run effects of the 1988 Canada-U.S. Free Trade Agreement (CUSFTA) on the Canadian labor …
Persistent link: https://www.econbiz.de/10012938762
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Immigration and Occupational Comparative Advantage
Hanson, Gordon H.; Liu, Chen - National Bureau of Economic Research - 2021
received their K-12 education domestically). We obtain similar results for immigrant sorting in Canada, which supports our …
Persistent link: https://www.econbiz.de/10012660096
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What Can Stockouts Tell Us About Inflation? Evidence from Online Micro Data
Cavallo, Alberto; Kryvtsov, Oleksiy - National Bureau of Economic Research - 2021
We use a detailed micro dataset on product availability to construct a direct high-frequency measure of consumer product shortages during the 2020-2021 pandemic. We document a widespread multi-fold rise in shortages in nearly all sectors early in the pandemic. Over time, the composition of...
Persistent link: https://www.econbiz.de/10012629429
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Returns to Different Postsecondary Investments : Institution Type, Academic Programs, and Credentials
Lovenheim, Michael F.; Smith, Jonathan - National Bureau of Economic Research - 2022
Early research on the returns to higher education treated the postsecondary system as a monolith. In reality, postsecondary education in the United States and around the world is highly differentiated, with a variety of options that differ by credential (associates degree, bachelor's degree,...
Persistent link: https://www.econbiz.de/10013191028
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Is the Price Right? The Role of Morals, Ideology, and Tradeoff Thinking in Explaining Reactions to Price Surges
Elías, Julio; Lacetera, Nicola; Macis, Mario - National Bureau of Economic Research - 2022
Price surges often generate social disapproval and requests for regulation and price controls, but these interventions may cause inefficiencies and shortages. To study how individuals perceive and reason about sudden price increases for different products under different policy regimes, we...
Persistent link: https://www.econbiz.de/10013191058
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Productivity and Pay in the US and Canada
Greenspon, Jacob; Stansbury, Anna M.; Summers, Lawrence … - National Bureau of Economic Research - 2021
We study the productivity-pay relationship in the United States and Canada along two dimensions. The first is … positive increase in the rate of pay growth, holding all else equal. This linkage appears stronger in the US than in Canada … productivity growth, particularly in large relatively closed economies like the USA, will tend to raise middle class incomes. At …
Persistent link: https://www.econbiz.de/10012794576
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The Canada-U.S. Auto Pact of 1965 : An Experiment in Selective Trade Liberalization
Fuss, Melvyn - 1986
In this paper we analyse the Canada-U.S. Auto Pact, a selective …sides of the Canada-U.S. border before 1965, and no significant new entry …
Persistent link: https://www.econbiz.de/10012477119