Food price shocks can have substantial welfare implications, particularly in the world's low income regions. A number of previous studies has shown that the United States ethanol mandate has increased average corn price levels. We provide suggestive evidence that the mandate has also increased...

I propose a framework to evaluate the impact of ethanol on energy security from an economic perspective. In this model, economic energy efficiency maximizes a social or governmental objective function with respect to energy price levels and shocks. This tradeoff can entail raising expected...

This paper contributes to the ongoing debate concerning the effect of various actions taken by the U.S. Environmental Protection Agency under CERCLA, commonly known as the Superfund Program, on housing prices. This study uses a housing transaction panel dataset encompassing the five major...

We apply three complementary approaches designed to identify the localized effects of Superfund site remediation under the CERCLA, examining data at the level of (i) the census tract (paying attention to within tract heterogeneity), (ii) the census block, and (iii) individual house transaction....

To analyze the Deep and Comprehensive Free Trade Area (DCFTA) between Ukraine and the EU we develop a multi-region general-equilibrium simulation model calibrated to GTAP 8.1 data. We implement three alternative trade structures for services and manufactured goods: a.) a standard specification...

This paper analyzes theoretically and empirically how upstream markets are affected by deregulation downstream. Deregulation tends to increase the level of uncertainty in the upstream market. Our theoretical analysis predicts that deregulated firms respond to this increase in uncertainty by...

Carbon Capture and Storage (CCS) is regarded as one of the most important technologies to mitigate climate change while providing fossil-fuel based energy security. During the past decade, projects in support of the development and deployment of the technology have been initiated across the...

Alternative perspectives on the structure of international trade have important implications for climate policy and its interaction with global markets. In this paper we consider carbon policy in the context of three important alternative trade formulations. First, is a neo-classical model based...

This paper explores the use of low-frequency band-pass filters for describing long-run trends in real mineral commodity prices. This approach has the advantage of allowing long-run trends rate to evolve gradually over time, rather than assuming that they are constant (perhaps with occasional...

This survey of surveys contains an historical summary of what I knew about short- and long-run gasoline demand elasticities as of 2006. I discuss 13 surveys published from 1977-2004 along with a few additional studies. Although there is wide variation in price and income elasticities across the...