In order to maximize profits, petroleum-producing firms make decisions that are dynamic and strategic in nature, and that take into account constraints imposed by the regulatory and institutional environment. This paper describes our research modeling, estimating and analyzing the efficiency of...

In order to maximize profits, petroleum-producing firms make decisions that are dynamic and strategic in nature, and that take into account constraints imposed by the regulatory and institutional environment. This paper describes our research modeling, estimating and analyzing the efficiency of...

We model the economically optimal dynamic oil production decisions for seven production units (fields) on Alaska's North Slope. We use adjustment cost and discount rate to calibrate the model against historical production data, and use the calibrated model to simulate the impact of tax policy on...

California’s target for reducing economy-wide greenhouse gas (GHG) emissions is 80% below 1990 levels by 2050. We develop transition scenarios for meeting this goal in California’s transportation sector, with focus on light-duty vehicles (LDVs). We explore four questions: (1) what options...

An avalanche destroyed the main hydroelectric transmission line to Juneau, Alaska in April, 2008. Diesel-generated electricity was substituted, causing electricity prices to increase 500% for 45 days. Electricity demand fell by 25% during the supply disruption. Most of the reduction occurred...

Climate change in California could have a large impact on the state’s economy, natural and managed ecosystems, and human health and mortality. In an effort to mitigate such consequences, Governor Schwarzenegger signed Executive Order S-3-05 in 2005, and the state passed landmark...

In this paper we seek to document what, if any, divergences exist between how experts and ‘lay’ people conceptualize the energy used in automobiles, motivated by previously-documented divergences in the home energy sector. From a total of 15 interviews with 19 individuals, we...