Showing 1 - 10 of 611
Pigouvian taxes can fully correct for market failures due to externalities, but actual policies are commonly forced to deviate from the Pigouvian ideal due to administrative or political constraints. This paper derives sufficient statistics, which require a minimum of market information, that...
Persistent link: https://www.econbiz.de/10012456611
productivity (MFP) growth in the transportation industry over the postwar period, 1948-87. Official data on output and employment … data reduce the magnitude of the post-1973 productivity slowdown in transportation MFP growth from a previously reported 2 … control, and highways, do not change appreciably the pattern of postwar MFP growth in transportation …
Persistent link: https://www.econbiz.de/10012475182
We collect extensive data on worldwide trade by transportation mode and use this to provide detailed comparisons of the … greenhouse gas emissions associated with output versus international transportation of traded goods. International transport is …
Persistent link: https://www.econbiz.de/10012461540
innovative activities in the transportation and warehousing sector of the U.S. economy. We suggest multiple avenues for future …
Persistent link: https://www.econbiz.de/10012481866
We use an experiment to test whether consumers optimally acquire information on energy costs in appliance markets where, like many contexts, consumers are poorly informed and make mistakes despite freely-available information. We find consumers acquire information suboptimally; there is little...
Persistent link: https://www.econbiz.de/10014372499
I use U.S. patent data from 1970 to 1994 to estimate the effect of energy prices on energy-efficient innovations. Using patent citations to construct a measure of the usefulness of the existing base of scientific knowledge, I consider the effect of both demand-side factors, which spur innovative...
Persistent link: https://www.econbiz.de/10012470440
It follows from Hicks' induced innovation hypothesis that rising energy prices in the last two decades should have induced energy-saving innovation. We formulate the hypothesis concretely using a product-characteristics model of energy-using consumer durables, augmenting Hicks' hypothesis to...
Persistent link: https://www.econbiz.de/10012472368
An important factor driving energy policy over the past two decades has been the Energy Paradox,' the perception that consumers apply unreasonably high hurdle rates to energy saving investments. We explore one possible explanation for this apparent puzzle: that realized returns fall short of the...
Persistent link: https://www.econbiz.de/10012472740
This paper examines the effects of the Corporate Average Fuel Efficiency standards (CAFE) on the automobile product mix, prices and fuel consumption First a discrete choice model of automobile demand and a continuous model of vehicle use are estimated using micro data from the Consumer...
Persistent link: https://www.econbiz.de/10012473169
We model the decision to invest in residential energy conservation capital as an irreversible investment in the face of price uncertainty. The irreversible nature of this investment means that there is a value to waiting to invest (an option value) which helps explain the low rate of...
Persistent link: https://www.econbiz.de/10012474960