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Transportation Fuels Policy since the OPEC Embargo: Paved with Good Intentions
Knittel, Christopher R. - In: American Economic Review 103 (2013) 3, pp. 344-49
A long line of research investigates whether the retail prices of electricity and natural gas send proper signals about scarcity in order to induce efficient consumption. Historically, regulated utilities have not designed tariffs that set marginal prices equal to marginal costs. Currently, some...
Persistent link: https://www.econbiz.de/10010659377
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Modeling the price of crude oil and motor fuel: a five-year revision
Kitov, Ivan - Volkswirtschaftliche Fakultät, … - 2015
periods characterized by sustainable linear trends in the difference between the headline consumer price index (CPI) and the … the evolution of motor fuel price (a subcategory of the consumer price index of transportation) relative to the core CPI … as a linear function of time. Under our framework, all price deviations from this linear trend are transient and the …
Persistent link: https://www.econbiz.de/10011185388
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When Does Regulation Distort Costs? Lessons from Fuel Procurement in US Electricity Generation
Cicala, Steve - In: American Economic Review 105 (2015) 1, pp. 411-44
plants substantially reduce the price paid for coal (but not gas) and tend to employ less capital-intensive sulfur abatement …
Persistent link: https://www.econbiz.de/10011107223
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The Allocative Cost of Price Ceilings in the U.S. Residential Market for Natural Gas
Kilian, Lutz; Davis, Lucas W. - National Bureau of Economic Research (NBER) - 2008
A direct consequence of imposing a ceiling on the price of a good for which secondary markets do not exist, is that … cost has been discussed in the literature as a potentially important component of the total welfare loss from price … data for the U.S. residential market for natural gas which was subject to price ceilings during 1954-1989. This market is …
Persistent link: https://www.econbiz.de/10005778427
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Natural Gas: From Shortages to Abundance in the United States
Joskow, Paul L. - In: American Economic Review 103 (2013) 3, pp. 338-43
The history of natural gas wellhead and pipeline regulation, deregulation and regulatory reforms are discussed. These reforms brought natural gas shortages and pipeline inefficiencies to an end. They also created an economic platform that could support unanticipated developments in the supply...
Persistent link: https://www.econbiz.de/10010659383
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Emissions Pricing, 'Complementary Policies' and 'Direct Action' in the Australian Electricity Supply Sector: 'Lock-in' and Investment
Naughten, Dr Barry - Crawford School of Public Policy, Australian National … - 2013
-intensive generating capacity, as highlighted by the IEA. As such, it focusses on use of price signals to reduce carbon intensity of … electricity generation and also examines the role of passed-on price in encouraging end-use savings of electricity, including more … examples of the price mechanisms effectiveness demonstrate longer run impacts of prices and price expectations on investment …
Persistent link: https://www.econbiz.de/10010795025
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The Market Impact and the Cost of Environmental Policy: Evidence from the Swedish Green Car Rebate
Huse, Cristian; Lucinda, Claudio - Volkswirtschaftliche Fakultät, … - 2013
times the price of an emission permit. Since the main green cars in Sweden are FFVs (flexible-fuel vehicles), which can …
Persistent link: https://www.econbiz.de/10011109735
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Why Tax Energy? Towards a More Rational Energy Policy
Newbery, D. - Faculty of Economics, University of Cambridge - 2005
The same fuels are taxed at widely different rates in different countries while different fuels are taxed at widely different rates within and across countries. Coal, oil and gas are all used to generate electricity, but are subject to very different tax or subsidy regimes. This paper considers...
Persistent link: https://www.econbiz.de/10005647389
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Long- and short-run price asymmetries and hysteresis in the Italian gasoline market
Bagnai, Alberto; Ospina, Mongeau; Alexander, Christian - In: Energy Policy 78 (2015) C, pp. 41-50
price and the nominal exchange rate. We find a strongly significant long-run relation. We then use the nonlinear ARDL (NARDL … differences between the crude price and the exchange rate, as well as the presence of hysteresis in the relation between the … retail price of gasoline and crude oil price. …
Persistent link: https://www.econbiz.de/10011190023
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Is there a room for a "CO2 Central Bank"?
De Perthuis, Christian - Université Paris-Dauphine (Paris IX) - 2011
Persistent link: https://www.econbiz.de/10010707357