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This paper integrates local temperature treatment effects and a quantitative macroeconomic model to evaluate the impact of climate change on sectoral reallocation and aggregate productivity. First, I use firm-level data from a wide range of countries to estimate the effect of temperature on...
Persistent link: https://www.econbiz.de/10013307376
This paper quantitatively assesses the world's changing economic geography and sectoral specialization due to global …, carbon emissions, and temperature. The model is taken to the data at the 1° by 1° resolution for the entire world. Over a 200 … economic activity northwards to Siberia, Canada, and Scandinavia. Compared to a world without climate change, clusters of …
Persistent link: https://www.econbiz.de/10014090298
We estimate the impacts of the Climate Change Levy (CCL) on manufacturing plants using panel data from the UK production census. Our identification strategy builds on the comparison of outcomes between plants subject to the CCL and plants that were granted an 80% discount on the levy after...
Persistent link: https://www.econbiz.de/10013120159
Utility regulators frequently focus as much or more on the distributional impact of electric rate structures as on their efficiency. The goal of protecting low-income consumers has become more central with recent increases in wholesale power costs and anticipation of significant costs of...
Persistent link: https://www.econbiz.de/10013146517
environmental policy treat technology as exogenous. For long-term problems such as climate change, this omission can be significant …
Persistent link: https://www.econbiz.de/10013243611
We document three remarkable features of the Opower program, in which social comparison- based home energy reports are repeatedly mailed to more than six million households nationwide. First, initial reports cause high-frequency "action and backsliding," but these cycles attenuate over time....
Persistent link: https://www.econbiz.de/10013098808
This paper presents experimental evidence that information feedback dramatically increases the price elasticity of demand in a setting where signals about quantity consumed are traditionally coarse and infrequent. In a randomized controlled trial, residential electricity customers are exposed to...
Persistent link: https://www.econbiz.de/10013101504
We evaluate the effectiveness of energy efficiency labeling in guiding household decisions. Using a carefully designed choice experiment with alternative labels, we disentangle the relative importance of different types of information and intertemporal behavior (i.e., discounting) in guiding...
Persistent link: https://www.econbiz.de/10013063509
Improving the efficiency with which we use energy is often said to be the most cost-effective way to reduce energy use and greenhouse gas emissions. Yet, such improvements usually lower the cost of using energy-intensive goods and may create wealth from the energy savings, both of which lead to...
Persistent link: https://www.econbiz.de/10013063948
By providing feedback to customers on home electricity and natural gas usage with a focus on peer comparisons, utilities can reduce energy consumption at a low cost. We analyze data from two large-scale, random-assignment field experiments conducted by utility companies providing electricity...
Persistent link: https://www.econbiz.de/10013070742