Showing 1 - 10 of 252
For the first four decades of its existence the U.S. nuclear power industry was run by regulated utilities, with most companies owning only one or two reactors. Beginning in the late 1990s electricity markets in many states were deregulated and almost half of the nation's 103 reactors were sold...
Persistent link: https://www.econbiz.de/10012461317
Reliable estimates of the value of electricity transmission are critical if these heavily-regulated investments are to be made cost-effectively. In this paper, we exploit the abrupt closure of the San Onofre Nuclear Generating Station (SONGS) in February 2012. During the previous decade, SONGS...
Persistent link: https://www.econbiz.de/10012458479
Many countries have phased out nuclear electricity production in response to concerns about nuclear waste and the risk of nuclear accidents. This paper examines the impact of the shutdown of roughly half of the nuclear production capacity in Germany after the Fukushima accident in 2011. We use...
Persistent link: https://www.econbiz.de/10012480542
I investigate the cost and feasibility of reducing US GHG emissions by 80% from 2005 levels by 2050. The US has stated in its Paris COP 21 submission that this is its aspiration. I suggest that this goal can be reached at a cost in the range of $37 to $135 bn/year. I assume that the goal is to...
Persistent link: https://www.econbiz.de/10012456154
We explore changes in product quality during France's major liberalization episode of the mid-nineteenth century. Using new data and existing techniques from the international trade literature, we investigate the relative quality of French products versus those of international competitors,...
Persistent link: https://www.econbiz.de/10015421850
We study racial inequality in 21st century France. Using parents' nationality at birth, we overcome the lack of ethno-racial statistics stemming from the country's "color-blind" approach. We document substantial earnings penalties for racial minorities along the income distribution. Penalties...
Persistent link: https://www.econbiz.de/10015438238
Why are wages in cities like New York or Paris higher than in others? This paper uses firm mobility to separate the role of "location effects" (e.g., local geography, infrastructure, and agglomeration) from the spatial sorting of workers and firms. Using French administrative records and U.S....
Persistent link: https://www.econbiz.de/10015409810
Using a new survey of French firms' inflation expectations that predates the inflation spike, we document i) evidence on the anchoring of inflation expectations during the inflation surge, and ii) the relevance of inflation expectations for firms' decisions. First, we show that inflation...
Persistent link: https://www.econbiz.de/10015409831
The optimal functioning of centralized allocation systems is undermined by the presence of institutions operating off-platform--a feature common to virtually all real-world implementations. These off-platform options generate justified envy, as students may reject their centralized assignment in...
Persistent link: https://www.econbiz.de/10015450859
Firm price-cost markups may reflect (a) bigger step sizes from quality innovations that confer significant knowledge spillovers onto other firms, and/or (b) higher process efficiency than competing firms or other factors which bear no obvious knowledge externality. We write down an endogenous...
Persistent link: https://www.econbiz.de/10015450945