Narrow search
Showing 1 - 10 of 217
Cover Image
Climate Change, Directed Innovation, and Energy Transition : The Long-run Consequences of the Shale Gas Revolution
Acemoglu, Daron; Aghion, Philippe; Barrage, Lint; … - National Bureau of Economic Research - 2023
We investigate the short- and long-term effects of a natural gas boom in an economy where energy can be produced with coal, natural gas, or clean sources and the direction of technology is endogenous. In the short run, a natural gas boom reduces carbon emissions by inducing substitution away...
Persistent link: https://www.econbiz.de/10014372414
Cover Image
Optimal Subsidies for Green Hydrogen Production
Fell, Harrison; Holland, Stephen P.; Yates, Andrew J. - National Bureau of Economic Research - 2023
Green hydrogen may decarbonize sectors which are difficult to electrify, and the recent Inflation Reduction Act (IRA …) provides tax credits to encourage hydrogen production. We analyze a model in which hydrogen produced using electricity replaces … absence of Pigouvian taxation, optimal hydrogen subsidies are positive if the unpriced externality from avoided natural gas is …
Persistent link: https://www.econbiz.de/10014437033
Cover Image
Learning by Viewing? Social Learning, Regulatory Disclosure, and Firm Productivity in Shale Gas
Fetter, T. Robert - 2018
In many industries firms can learn about new technologies from other adopters; mandatory disclosure regulations represent an understudied channel for this type of social learning. We study an environmentally-focused law in the shale gas industry to examine firms' claims that disclosure...
Persistent link: https://www.econbiz.de/10012481048
Cover Image
What Matters for Electrification? Evidence from 70 Years of U.S. Home Heating Choices
Davis, Lucas W. - National Bureau of Economic Research - 2021
The percentage of U.S. homes heated with electricity has increased steadily from 1% in 1950, to 8% in 1970, to 26% in 1990, to 39% in 2018. This paper investigates the key determinants of this increase in electrification using data on heating choices from millions of U.S. households over a...
Persistent link: https://www.econbiz.de/10012482542
Cover Image
Efficiency and Equity Impacts of Energy Subsidies
Hahn, Robert William; Metcalfe, Robert D. - National Bureau of Economic Research - 2021
Economic theory suggests that energy subsidies can lead to excessive consumption and environmental degradation. However, the precise impact of energy subsidies is not well understood. We analyze a large energy subsidy: the California Alternate Rates for Energy (CARE). CARE provides a price...
Persistent link: https://www.econbiz.de/10012482589
Cover Image
Do Americans Consume Too Little Natural Gas? An Empirical Test of Marginal Cost Pricing
Davis, Lucas W. - 2010
This paper measures the extent to which prices exceed marginal costs in the U.S. natural gas distribution market during the period 1991-2007. We find large departures from marginal cost pricing in all 50 states, with residential and commercial customers facing average markups of over 40%. Based...
Persistent link: https://www.econbiz.de/10012462765
Cover Image
The Allocative Cost of Price Ceilings in the U.S. Residential Market for Natural Gas
Davis, Lucas W. - 2008
A direct consequence of imposing a ceiling on the price of a good for which secondary markets do not exist, is that, when there is excess demand, the good will not be allocated to the buyers who value it the most. The resulting allocative cost has been discussed in the literature as a...
Persistent link: https://www.econbiz.de/10012464616
Cover Image
Climate Adaptive Response Estimation : Short And Long Run Impacts Of Climate Change On Residential Electricity and Natural Gas Consumption Using Big Data
Auffhammer, Maximilian - 2018
This paper proposes a simple two-step estimation method (Climate Adaptive Response Estimation - CARE) to estimate sectoral climate damage functions, which account for long- run adaptation. The paper applies this method in the context of residential electricity and natural gas demand for the...
Persistent link: https://www.econbiz.de/10012453317
Cover Image
Natural Gas Price Elasticities and Optimal Cost Recovery Under Consumer Heterogeneity : Evidence from 300 million natural gas bills
Auffhammer, Maximilian - 2018
Half of American households heat their homes with natural gas furnaces and 43% use it to heat their water. Hence, understanding residential natural gas consumption behavior has become a first-order problem. In this paper, we provide the first ever causally identified, microdata-based estimates...
Persistent link: https://www.econbiz.de/10012453419
Cover Image
Trophy Hunting vs. Manufacturing Energy : The Price-Responsiveness of Shale Gas
Newell, Richard G. - 2016
We analyze the relative price elasticity of unconventional versus conventional natural gas extraction. We separately analyze three key stages of gas production: drilling wells, completing wells, and producing natural gas from the completed wells. We find that the important margin is drilling...
Persistent link: https://www.econbiz.de/10012456147