to those in the rest of the world, any uncertainty over these costs will cause the social planner to optimally delay … traditional framework, the presence of an irreversible investment and uncertainty can help nudge the decision maker to preserve an …-renewable resource model, the arbitrage condition underpinning the Hotelling rule suggests that in the absence of uncertainty, the …

This paper examines the relationship between spot and futures prices for a broad range of commodities, including energy … and/or (2) accurate predictor of subsequent spot prices. While energy futures prices are generally unbiased predictors of …

Federal tax policy provides a broad array of incentives for energy investment. I review those policies and construct … estimates of marginal effective tax rates for different energy capital investments as of 2007. Effective tax rates vary widely …

I use U.S. patent data from 1970 to 1994 to estimate the effect of energy prices on energy-efficient innovations. Using …-side factors, such as scientific advancements that make new innovations possible. I find that both energy prices and the quality of …

This paper sets out a simple spatial model of energy exploitation to ask how the location and productivity of energy … resources affects the distribution of economic activity across geographic space. By combining elements from energy economics and … economic geography we link the productivity of energy resources to the incentives for economic activity to agglomerate. We find …