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Benefit-cost analysis of environmental projects: A plethora of systematic biases
Graves, Philip E. - 2010
There are many reasons to suspect that benefit-cost analysis applied to environmental policies will result in policy decisions that will reject those environmental policies. The important question, of course, is whether those rejections are based on proper science. The present paper explores...
Persistent link: https://www.econbiz.de/10010274086
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Benefit-cost analysis of environmental projects : a plethora of systematic biases
Graves, Philip E. - 2010
There are many reasons to suspect that benefit-cost analysis applied to environmental policies will result in policy decisions that will reject those environmental policies. The important question, of course, is whether those rejections are based on proper science. The present paper explores...
Persistent link: https://www.econbiz.de/10003997569
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The Social Cost of Inertia : How Cost-Benefit Incoherence Threatens to Derail U.S. Climate Action
Luttrell, Melissa - 2014
As EPA rolls out controversial regulations on power plant emissions of greenhouse gases, a vocal group of legislators, industry groups, and legal and economic scholars are crying foul, arguing that EPA didn't “follow the rules” when it conducted its cost-benefit analyses of these...
Persistent link: https://www.econbiz.de/10013047705
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The Benefits and Costs of U.S. Employer COVID-19 Vaccine Mandates
Ferranna, Maddalena; Robinson, Lisa A.; Cadarette, Daniel; … - 2022
In 2021, the Biden Administration issued mandates requiring COVID-19 vaccinations for U.S. federal employees and contractors and for some healthcare and private sector workers. Although these mandates have been subject to legal challenges and some have been halted or delayed, rigorous appraisal...
Persistent link: https://www.econbiz.de/10014078739
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The Shadow Price of Capital : Accounting for Capital Displacement in Cost Benefit Analysis
Newell, Richard G.; Pizer, William A.; Prest, Brian C. - National Bureau of Economic Research - 2023
Government analysts have long used discount rates based on investment rates of return to approximate the effect of … approach as compared to the inappropriate approach of using a 7 percent investment rate or return. Our work is particularly …
Persistent link: https://www.econbiz.de/10014337760
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The Benefits and Costs of U.S. Employer COVID-19 Vaccine Mandates
Ferranna, Maddalena; Robinson, Lisa A.; Cadarette, Daniel; … - National Bureau of Economic Research - 2022
In 2021, the Biden Administration issued mandates requiring COVID-19 vaccinations for U.S. federal employees and contractors and for some healthcare and private sector workers. Although these mandates have been subject to legal challenges and some have been halted or delayed, rigorous appraisal...
Persistent link: https://www.econbiz.de/10013361993
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The benefits and costs of U.S. employer COVID-19 vaccine mandates
Ferranna, Maddalena; Robinson, Lisa A.; Cadarette, Daniel; … - 2022
In 2021, the Biden Administration issued mandates requiring COVID-19 vaccinations for U.S. federal employees and contractors and for some healthcare and private sector workers. Although these mandates have been subject to legal challenges and some have been halted or delayed, rigorous appraisal...
Persistent link: https://www.econbiz.de/10013343241
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Mean-variance optimization of power generation portfolios under uncertainty in the merit order
Sunderkötter, Malte; Weber, Christoph - 2011
In this article we discuss welfare-optimal capacity allocation of different electricity generation technologies … this risk factor especially with long-term investment horizons. The model is applicable to various investment problems …
Persistent link: https://www.econbiz.de/10010429439
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On the interaction between product markets and markets for production capacity : the case of the electricity industry
Richter, Jan - 2012
marginal cost of suppliers. The leading example is the electricity industry, where there is a capacity market clearing before … the spot market. -- capacity market ; procurement auction ; electricity market ; competitive equilibrium …
Persistent link: https://www.econbiz.de/10009743582
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The Price Elasticity of Electricity Demand in the United States : A Three-Dimensional Analysis
Burke, Paul J. - 2017
-run price elasticities of state-level electricity demand in the United States. Our sample covers the period 2003-2015. We …-level electricity demand is very price inelastic in the short run, with a same-year elasticity of -0.1. The long-run elasticity is near … demand. This appears to in part be due to electricity-intensive industrial activities clustering in low-price states …
Persistent link: https://www.econbiz.de/10012950063