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Airline fuel consumption is costly for the firms and for society as well due to a climate-change externality. We study how fuel price changes affect cost-minimizing choices by airlines that have implications for the extent of this externality. The airline industry's capital stock can be easily...
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Crude oil prices, weather changes, and carbon prices are closely related, but little research investigates their … dynamic relationship. Studying how crude oil prices and weather changes dynamically affect carbon prices is significant to … autoregressive (TVP-VAR) model to investigate the time-varying influence of WTI and weather changes (average temperature, sunshine …
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