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Level versus Variability Trade-offs in Wind and Solar Generation Investments : The Case of California

Wolak, Frank A. - 2016

Hourly plant-level wind and solar generation output and real-time price data for one year from the California ISO control area is used to estimate the vector of means and the contemporaneous covariance matrix of hourly output and revenues across all wind and solar locations in the state. Annual...

Persistent link: https://www.econbiz.de/10012456183

Solar Geoengineering, Uncertainty, and the Price of Carbon

Heutel, Garth - 2015

We consider the socially optimal use of solar geoengineering to manage climate change. Solar geoengineering can reduce damages from atmospheric greenhouse gas concentrations, potentially more cheaply than reducing emissions. If so, optimal policy includes less abatement than recommended by...

Persistent link: https://www.econbiz.de/10012457313

Regularization from Economic Constraints : A New Estimator for Marginal Emissions

Holland, Stephen P.; Mansur, Erin; Verdier, Valentin; … - National Bureau of Economic Research - 2024

Environmental policy is increasingly concerned with measuring emissions resulting from local changes to electricity consumption. These marginal emissions are challenging to measure because electricity grids encompass multiple locations and the information available to identify the effect of each...

Persistent link: https://www.econbiz.de/10014468265

The Cost of Climate Policy to Capital : Evidence from Renewable Portfolio Standards

Hong, Harrison G.; Kubik, Jeffrey D.; Shore, Edward P. - National Bureau of Economic Research - 2023

Many US states have set ambitious renewable portfolio standards (RPS) that require utilities to switch from fossil fuels toward renewables. RPS increases the renewables capacity, bond issuance, maturity, and yield spreads of investor-owned utilities compared to municipal producers that are...

Persistent link: https://www.econbiz.de/10014447281

The Economic Determinants of Heat Pump Adoption

Davis, Lucas W. - National Bureau of Economic Research - 2023

One concern with subsidies for low-carbon technologies is that they tend to go predominantly to high-income households. Previous research has shown, for example, that the top income quintile receives 60% of subsidies for rooftop solar and 90% of subsidies for electric vehicles. This paper finds...

Persistent link: https://www.econbiz.de/10014322732

The Distributional Effects of U.S. Tax Credits for Heat Pumps, Solar Panels, and Electric Vehicles

Borenstein, Severin; Davis, Lucas W. - National Bureau of Economic Research - 2024

Over the last two decades, U.S. households have received $47 billion in tax credits for buying heat pumps, solar panels, electric vehicles, and other "clean energy" technologies. Using information from tax returns, we show that these tax credits have gone predominantly to higher-income...

Persistent link: https://www.econbiz.de/10014635651

Forecasting with Dynamic Panel Data Models

Liu, Laura - 2018

panel data. We construct point predictors using Tweedie's formula for the posterior mean of heterogeneous coefficients under … Carlo study. In an empirical application we use the predictor to forecast revenues for a large panel of bank holding …

Persistent link: https://www.econbiz.de/10012480753

Panel Data Hedonics : Rosen's First Stage and Difference-in-Differences as "Sufficient Statistics"

Banzhaf, H. Spencer - 2015

be reliably estimated, and when panel data on household demands is available, one can construct a second …

Persistent link: https://www.econbiz.de/10012457183

Structural Gravity and Fixed Effects

Fally, Thibault - 2015

The gravity equation for trade flows is one of the most successful empirical models in economics and has long played a central role in the trade literature (Anderson, 2011). Different approaches to estimate the gravity equation, i.e. reduced-form or more structural, have been proposed. This...

Persistent link: https://www.econbiz.de/10012457455

Quantile Regression with Panel Data

Graham, Bryan S. - 2015

We propose a generalization of the linear quantile regression model to accommodate possibilities afforded by panel data …; Section 2.6). We show that panel data allows the econometrician to (i) introduce dependence between the regressors and the … (NLSY79). Consistent with prior work (e.g., Chamberlain, 1982; Vella and Verbeek, 1998), we find that using panel data to …

Persistent link: https://www.econbiz.de/10012457634