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While everyone wants energy that is clean, cheap, and secure, these goals often conflict: traditional fossil fuels tend to be cheaper than alternative fuels, but they are hardly clean or (in the case of oil) secure. This timely book provides an easy-to-understand explanation of the issues as...
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This chapter considers the evidence on productivity growth in transportation industries and provides a critical review of efforts to distinguish the nature and sources of technical progress. Regulatory reform and technological advance have contributed to productivity growth that is nonneutral...
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The traditional concentration of basic research activities in academic settings, with applied research more prevalent in industrial settings, is a distinguishing feature of science and technology markets. This structure arises from a unique combination of product characteristics, and in turn it...
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This paper contrasts the performance of heterogeneous and shrinkage estimators versus the more traditional homogeneous panel data estimators. The analysis utilizes a panel data set from 21 French regions over the period 1973–1998 and a dynamic demand specification to study the gasoline demand...
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Both the theory and practice of energy modelling have made phenomenal advances over the last 20 years. After providing a brief description of the state of energy modelling circa 1970, this paper identifies four major methodological advances profoundly affecting energy modelling. In the area of...
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