Geographic Dispersion of Economic Shocks: Evidence from the Fracking Revolution
- James D. Feyrer, E. Mansur, Bruce I. Sacerdote
- Economics
- 1 October 2015
The combining of horizontal drilling and hydrofracturing unleashed a boom in oil and natural gas production in the US. This technological shift interacts with local geology to create an exogenous…
Vertical Arrangements, Market Structure, and Competition an Analysis of Restructured U.S. Electricity Markets
- J. Bushnell, E. Mansur, Celeste Saravia
- Economics
- 1 October 2007
This paper examines vertical arrangements in electricity markets. Vertically integrated wholesalers, or those with long-term contracts, have less incentive to raise wholesale prices when retail…
Vertical Arrangements, Market Structure, and Competition: An Analysis of Restructured U.S. Electricity Markets
- J. Bushnell, E. Mansur, Celeste Saravia
- Economics
- 15 February 2005
This paper examines vertical arrangements in electricity markets. Vertically integrated wholesalers, or those with long-term contracts, have less incentive to raise wholesale prices when retail…
Spatial and Temporal Heterogeneity of Marginal Emissions: Implications for Electric Cars and Other Electricity-Shifting Policies
- J. Graff Zivin, M. Kotchen, E. Mansur
- Engineering
- 1 October 2012
In this paper, we develop a methodology for estimating marginal emissions of electricity demand that vary by location and time of day across the United States. The approach takes account of the…
Are There Environmental Benefits from Driving Electric Vehicles? The Importance of Local Factors
- S. Holland, E. Mansur, Nicholas Z. Muller, A. Yates
- Economics
- 1 December 2016
We combine a theoretical discrete-choice model of vehicle purchases, an econometric analysis of electricity emissions, and the AP2 air pollution model to estimate the geographic variation in the…
The Value of Scarce Water: Measuring the Inefficiency of Municipal Regulations
- E. Mansur, Sheila M. Olmstead
- Economics
- 1 January 2006
Rather than allowing urban water prices to reflect scarcity rents during periods of drought-induced excess demand, policy makers have mandated command-and-control approaches, primarily rationing the…
What Do Emissions Markets Deliver and to Whom? Evidence from Southern California's NOx Trading Program
- M. Fowlie, S. Holland, E. Mansur
- Economics
- 1 June 2009
A perceived advantage of cap-and-trade programs over more prescriptive environmental regulation is that enhanced compliance flexibility and cost effectiveness can make more stringent emissions…
The Short-Run Effects of Time-Varying Prices in Competitive Electricity Markets
- S. Holland, E. Mansur
- Economics
- 1 May 2006
We analyze the efficiency, distributional, and environmental effects of real-time pricing (RTP) adoption in the short run. Consistent with theory, our simulations of the PJM electricity market show…
Inferring Carbon Abatement Costs in Electricity Markets: A Revealed Preference Approach Using the Shale Revolution
- Joseph Cullen, Joseph Cullen, E. Mansur
- Economics
- 1 December 2014
This paper examines how much carbon emissions from the electricity industry would decrease in response to a carbon price. We show how both carbon prices and cheap natural gas reduce, in a nearly…
Measuring Welfare in Restructured Electricity Markets
- E. Mansur
- EconomicsReview of Economics and Statistics
- 1 October 2007
Restructuring electricity markets has enabled wholesalers to exercise market power. Using a common method to measure competition, several studies have found substantial inefficiencies. This method…
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