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prevalent in recent years, i.e., we find no evidence of underinvestment in capacity after deregulation. …
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Since the 1960s hydrocarbons like crude oil and natural gas have been the most important energy source to fuel the world economy. Despite high recent growth rates for renewable energies, hydro- carbons are expected to be a dominant source of energy for several decades to come. In the last 20...
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has implications for the estimation of economic models of energy-intensive durables, for oil price forecasting, and for …
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alternatives and more economically plausible. We discuss implications of our analysis for the estimation of economic models of …
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