The Energy Institute Working Paper Series presents new research on energy and environmental topics authored by our faculty affiliates and graduate students.

Working Paper Series

Davis, Lucas “The Economic Determinants of Heat Pump Adoption” (June 2023) | WP-337 | Abstract

Borenstein, Severin, Bushnell, James, and Mansur, Erin “The Economics of Electricity Reliability” (March 2023) | WP-336 | Abstract

Baylis, Patrick, Borenstein, Severin, and Rubin, Ed “When We Change the Clock, Does the Clock Change Us?” (March 2023) | WP-335 | Abstract | Blog Post

Jacobsen, Mark, Sallee, James, Shapiro, Joseph, and van Benthem, Arthur “Regulating Untaxable Externalities: Are Vehicle Air Pollution Standards Effective and Efficient?” (November 2022) | WP-334 | Abstract | Blog Post

Kahn-Lang, Jenya “Competing for (In)attention: Price Discrimination in Residential Electricity Markets” (November 2022) | WP-333 | Abstract | Blog Post

Rapson, David and Bushnell, James “The Electric Ceiling: Limits and Costs of Full Electrification” (October 2022) | WP-332 | Abstract

Buchsbaum, Jesse “Long-Run Price Elasticities and Mechanisms: Empirical Evidence from Residential Electricity Consumers” (October 2022) | WP-331 | Abstract | Blog Post

Borenstein, Severin, Fowlie, Meredith, and Sallee, James “Paying for Electricity in California: How Residential Rate Design Impacts Equity and Electrification” (September 2022) | WP-330 | AbstractAppendix |  Blog Post

Dunkle Werner, Karl and Jarvis, Stephen “Rate of Return Regulation Revisited” (September 2022) | WP-329 | Abstract

Borenstein, Severin and Kellogg, Ryan “Carbon Pricing, Clean Electricity Standards, and Clean Electricity Subsidies on the Path to Zero Emissions” (July 2022) (Forthcoming in NBER Environmental and Energy Policy and the Economy, 4, 2023) | WP-328 | Abstract | Blog Post

Brockway, Anna, Callaway, Duncan, and Elmallah, Salma “Can Distribution Grid Infrastructure Accommodate Residential Electrification and Electric Vehicle Adoption in Northern California?” (Revised December 2022) (Revised version published in Environmental Research: Infrastructure and Sustainability, 4(2): 2634-4505, December 2022) | WP-327R | Abstract | Blog Post

Bushnell, James, Muehlegger, Erich, and Rapson, David “Energy Prices and Electric Vehicle Adoption” (March 2022) | WP-326 | Abstract | Blog Post

Jha, Akshaya, Preonas, Louis, and Burlig, Fiona “Blackouts in the Developing World: The Role of Wholesale Electricity Markets” (January 2022) | WP-325 | Abstract

Lyubich, Eva “The Role of People vs. Places in Individual Carbon Emissions” (December 2021) | WP-324 | Abstract | Blog Post

Tarduno, Matthew “For Whom the Bridge Tolls: Congestion, Air Pollution, and Second-Best Road Pricing” (Revised September 2022) | WP-323R | Abstract | Blog Post

Davis, Lucas “Electric Vehicles in Multi-Vehicle Households” (Revised February 2022) (Revised version published in Applied Economics Letters, June 2022) | WP-322R | Abstract | Blog Post

Fowlie, Meredith, Petersen, Claire and Reguant, Mar “Border Carbon Adjustments When Carbon Intensity Varies Across Producers: Evidence from California” (Revised September 2021) (Revised version published in American Economic Association Papers and Proceedings, 111: 401-05, May 2021) | WP-321R | Abstract | Online Appendix | Blog Post

Fowlie, Meredith and Reguant, Mar “Mitigating Emissions Leakage in Incomplete Carbon Markets” (September 2021) (Revised version published in the Journal of the Association of Environmental and Resource Economists, 9(2): 307-343, 2022) | Abstract | WP-320R | Online Appendix

Borenstein, Severin and Bushnell, James “Headwinds and Tailwinds: Implications of Inefficient Retail Energy Pricing for Energy Substitution” (Revised July 2021) (Revised version published in NBER Environmental and Energy Policy and the Economy, 3, February 2022) | WP-319R | Abstract | Online Appendix | Blog Post

Bushnell, James, Muehlegger, Erich, Rapson, David and Witcover, Julie “The End of Neutrality? LCFS, Technology Neutrality, and Stimulating the Electric Vehicle Market” (Revised July 2021) | WP-318R | Abstract

Davis, Lucas and Hausman, Catherine “Who Will Pay for Legacy Utility Costs?” (Revised March 2022) (Revised version published in the Journal of the Association of Environmental and Resource Economists) | WP-317R | Abstract | Blog Post

Davis, Lucas “Evidence of a Homeowner-Renter Gap for Electric Appliances” (Revised March 2022) (Revised version forthcoming in Energy Journal) | WP-316R | Abstract | Blog Post

Shapiro, Joseph and Walker, Reed “Where is Pollution Moving? Environmental Markets and Environmental Justice” (March 2021) (Revised version published in AEA Papers and Proceedings, 111: 410-14, 2021) | WP-315R | Abstract | Blog Post

Borenstein, Severin, Fowlie, Meredith, and Sallee, James “Designing Electricity Rates for An Equitable Energy Transition” (February 2021) | WP-314 | Abstract | Appendix | Github Repository

Burlig, Fiona, Bushnell, James, Rapson, David and Wolfram, Catherine “Low Energy: Estimating Electric Vehicle Electricity Use (Revised March 2021) (Revised version published in AEA Papers and Proceedings, March 2021) | WP-313R | Abstract | Blog Post

Shapiro, Joseph and Walker, Reed “Is Air Pollution Regulation Too Stringent?” (December 2020) | WP-312 | Abstract

Jarvis, Stephen “The Economic Costs of NIMBYism: Evidence from Renewable Energy Projects” (Revised January 2021) | WP-311R | Abstract

Dunkle Werner, Karl, and Qiu, Wenfeng “Hard to Measure Well: Can Feasible Policies Reduce Methane Emissions?” (November 2020) | WP-310 | Abstract | Blog Post

Davis, Lucas “What Matters for Electrification? Evidence from 70 Years of U.S. Home Heating Choices (Revised October 2022) (Revised version forthcoming in Review of Economics and Statistics) | WP-309R | Abstract | Blog Post

Fowlie, Meredith, Walker, Reed, and Wooley, David “Climate Policy, Environmental Justice, and Local Air Pollution” (October 2020) (Revised version published in Brookings Economic Studies, October 2020) | WP-308R | Abstract

Davis, Lucas “Estimating the Price Elasticity of Demand for Subways: Evidence from Mexico” (Revised December 2020) (Revised version published in Regional Science and Urban Economics, 87, 103651, 2021) | WP-307R | Abstract | Blog Post

Lyubich, Eva “The Race Gap in Residential Energy Expenditures” (June 2020) | WP-306 | Abstract | Blog Post

Shapiro, Joseph “The Environmental Bias of Trade Policy” (May 2020) (Revised version published in Quarterly Journal of Economics, 136(2): 831-886, 2021) | WP-305R | Abstract | Blog Post

Jarvis, Stephen, Deschenes, Olivier, and Jha, Akshaya “The Private and External Costs of Germany’s Nuclear Phase-Out” (January 2020) (Revised version published in Journal of the European Economic Association, 2020) | WP-304R | Abstract

Berkouwer, Susanna and Dean, Joshua “Credit and Attention in the Adoption of Profitable Energy Efficient Technologies in Kenya” (October 2019) (Revised version published in American Economic Review, 122(10), 1-41, 2022) | WP-303R | Abstract

Sallee, James “Pigou Creates Losers: On the Implausibility of Achieving Pareto Improvements from Efficiency-Enhancing Policies” (Revised September 2022) | WP-302R | Abstract

Davis, Lucas and Sallee, James “Should Electric Vehicle Drivers Pay A Mileage Tax?” (April 2019) (Revised version published in NBER Environmental and Energy Policy and the Economy, 1, 65-94, 2020) | WP-301R | Abstract

Fowlie, Meredith, Rubin, Edward, and Walker, Reed “Bringing Satellite-Based Air Quality Estimates Down” (February 2019) (Revised version published in American Economic Review Papers and Proceedings, 109: 283-288, May 2019) | WP-300R | Abstract

Berkouwer, Susanna “Electric Heating and the Effect of Temperature on Household Electricity Consumption in South Africa” (February 2019) (Revised version published in The Energy Journal, 41(4): 209-230, 2020) | WP-299R | Abstract | Non-Technical Abstract 

Woerman, Matt “Market Size and Market Power: Evidence from the Texas Electricity Market” (December 2018) | WP-298 | Abstract

Blonz, Joshua “The Welfare Costs of Misaligned Incentives: Energy Inefficiency and the Principal-Agent Problem” (Revised March 2021) (Revised version conditionally accepted at the AEJ: Economic Policy) | WP-297R | Abstract

Davis, Lucas “How Much Are Electric Vehicles Driven?” (November 2018) (Revised version published in Applied Economics Letters, 26(18), February 2019) | WP-296R | Abstract | Blog Post

Fowlie, Meredith, Khaitan, Yashraj, Wolfram, Catherine, and Wolfson, Derek “Solar Microgrids and Remote Energy Access: How Weak Incentives Can Undermine Smart Technology” (October 2018) (Revised version published in Economics of Energy and Environmental Policy, 8(1), 2018) | WP-295R | Abstract | Blog Post

Borenstein, Severin and Bushnell, James “Do Two Electricity Pricing Wrongs Make a Right? Cost Recovery, Externalities, and Efficiency” (Revised July 2021) (Revised version published in American Economic Journal: Economic Policy, 14(4): 80-110, 2022) | WP-294R | Abstract | Blog Post

Davis, Lucas and Hausman, Catherine “Are Energy Executives Rewarded For Luck?” (October 2019) (Revised version published in Energy Journal, 41(6): 157-181, 2020) | WP-293R | Abstract | Blog Post

Bushnell, James and Novan, Kevin “Setting With The Sun: The Impacts Of Renewable Energy On Wholesale Power Markets” (August 2018) (Revised version published in the Journal of the Association of Environmental and Resource Economists, 8(4): 759-796, 2021) | WP-292R | Abstract | Non-Technical Abstract

Davis, Lucas “Evidence of of a Homeowner-Renter Gap for Electric Vehicles” (July 2018) (Revised version published in Applied Economics Letters, 26(11), September 2018) | WP-291R | Abstract | Blog Post

Davis, Lucas, McRae, Shaun, and Seira Bejarano, Enrique “An Economic Perspective on Mexico’s Nascent Deregulation of Retail Petroleum Markets” (Revised December 2018) (Revised version published in Economics of Energy & Environmental Policy, 8(2), 2019) | WP-290R | Abstract | Blog Post

Reynaert, Mathias and Sallee, James “Who Benefits When Firms Game Corrective Policies?” (April 2018) (Revised version published in American Economic Journal: Economic Policy, 13(1), 372-412, 2021) | WP-289R | Abstract

Davis, Lucas, Martinez, Sebastian and Taboada, Bibiana “How Effective is Energy-Efficient Housing? Evidence from a Field Experiment in Mexico” (February 2018) (Revised version published in Journal of Development Economics, 143(102390), 2020) | WP-288R | Abstract | Blog Post

Auffhammer, Maximilian and Rubin, Edward “Natural Gas Price Elasticities and Optimal Cost Recovery Under Consumer Heterogeneity: Evidence from 300 Million Natural Gas Bills” (January 2018) | WP-287 | Abstract

Lyubich, Eva, Shapiro, Joseph, and Walker, Reed “Regulating Mismeasured Pollution: Implications of Firm Heterogeneity for Environmental Policy” (January 2018) (Revised version published in AEA Papers and Proceedings, 108: 136-42, 2018) | WP-286R | Abstract

Preonas, Louis “Market Power in Coal Shipping and Implications for U.S. Climate Policy” (Revised May 2022) | WP-285R | Abstract | Appendix | Blog Post

Gillan, James “Dynamic Pricing, Attention, and Automation: Evidence from a Field Experiment in Electricity Consumption” (November 2017) | WP-284 | Abstract | Appendix

Burlig, Fiona, Knittel, Christopher, Rapson, David, Reguant, Mar, and Wolfram, Catherine “Machine Learning from Schools about Energy Efficiency” (September 2017) (Revised version published in Journal of the Association of Environmental and Resource Economists, 7(6): 1181-1217, November 2020) | WP-283R | Abstract

Hausman, Catherine and Rapson, David “Regression Discontinuity in Time: Considerations for Empirical Applications” (Revised April 2018) (Revised version published in the Annual Review of Resource Economics, 10, 2018) | WP-282R | Abstract

Borenstein, Severin, Bushnell, James, and Wolak, Frank “California’s Cap-and-Trade Market Through 2030: A Preliminary Supply/Demand Analysis” (July 2017) | WP-281 | Abstract

Fowlie, Meredith, Wolfram, Catherine, Spurlock, Anna, Todd, Annika, Baylis, Patrick, and Cappers, Peter “Default Effects and Follow-On Behavior: Evidence From An Electricity Pricing Program” (Revised August 2020) (Revised version published in Review of Economic Studies, March 2021) | WP-280R | Abstract

Davis, Lucas “Evidence of a Decline in Electricity Use by U.S. Households” (May 2017) (Revised version published in the Economics Bulletin, 37(2): 1098-1105, May 2017) | WP-279R | Abstract | Blog Post

Bushnell, James, Flagg, Michaela, and Mansur, Erin “Capacity Markets at a Crossroads” (April 2017) | WP-278 | Executive Summary

Burlig, Fiona, Preonas, Louis and Woerman, Matt “Panel Data and Experimental Design” (Revised October 2017) (Revised version published in Journal of Development Economics, 144(102548), 2020) | WP-277R | Abstract | Appendix

Davis, Lucas and Knittel, Christopher “Are Fuel Economy Standards Regressive?” (Revised November 2017) (Revised version published in Journal of the Association of Environmental and Resource Economists, 6: 37-63, 2019) | WP-276R | Abstract | Blog Post

Blonz, Joshua “Making the Best of the Second-Best: Welfare Consequences of Time-Varying Electricity Prices” (Revised June 2020) (Revised version published in Journal of the Association of Environmental and Resource Economists, 9(6): 1087-1126, November 2022)  | WP-275R | Abstract | Blog Post

Borenstein, Severin, Bushnell, James, Wolak, Frank, and Zaragoza-Watkins, Matthew “Expecting the Unexpected: Emissions Uncertainty and Environmental Market Design” (Revised August 2019) (Revised version published in American Economic Review, 109(11): 3953-3977, November 2019| WP-274R | Abstract | Appendix

Myers, Erica “Are Home Buyers Inattentive? Evidence From Capitalization of Energy Costs” (Revised January 2017) (Revised version published in American Economic Journal: Economic Policy, 11(2): 165-188, 2019) | WP-273R | Abstract

Borenstein, Severin “The Economics of Fixed Cost Recovery by Utilities” (Revised July 2016) (Revised version published in The Electricity Journal, 29(5): 12, 2016) | WP-272R | Abstract

Boomhower, Judson and Davis, Lucas “Do Energy Efficiency Investments Deliver at the Right Time?” (Revised August 2017) (Revised version published in American Economic Journal: Applied Economics, 12(1): 115-139, 2020) | WP-271R | Abstract | Blog Post

Lee, Kenneth, Miguel, Edward and Wolfram, Catherine “Experimental Evidence on the Demand for and Costs of Rural Electrification” (Revised May 2016) (Revised version published in Journal of Political Economy, 2020) | WP-270R | Abstract | Appendix

Ganapati, Sharat,  Shapiro, Joseph, and Walker, Reed “The Incidence of Carbon Taxes in U.S. Manufacturing: Lessons from Energy Cost Pass-Through” (Revised April 2017) (Revision published in American Economic Journal: Applied Economics, 12(2): 303-42, 2020) | WP-269R | Abstract

Burlig, Fiona and Preonas, Louis “Out of the Darkness and Into the Light? Development Effects of Rural Electrification” (Revised May 2021) | WP-268R | Abstract | Appendix

Davis, Lucas “The Environmental Cost of Global Fuel Subsidies” (Revised September 2016) (Revised version published in The Energy Journal, 38: 7-27, 2017) | WP-267R | Abstract | Blog Post | CATO Research Brief

Lee, Kenneth, Miguel, Edward and Wolfram, Catherine “Appliance Ownership and Aspirations among Electric Grid and Home Solar Households in Rural Kenya” (Revised January 2016) (Revised version published in the American Economic Review: Papers and Proceedings, 106(5): 89-94, May 2016) | WP-266R | Abstract | Blog Post

Baylis, Patrick “Temperature and Temperament: Evidence from a Billion Tweets” (Revised November 2015) (Revised version published in Journal of Public Economics, 2020) | WP-265R | Abstract

Callaway, Duncan, Fowlie, Meredith and McCormick, Gavin “Location, Location, Location: The Variable Value of Renewable Energy and Demand-side Efficiency Resources” (Revised September 2015) (Revised version published in the Journal of the Association of Environmental and Resource Economists, 5(1): 39-75, January 2018) | WP-264R | Abstract | Blog Post

Archsmith, James, Kendall, Alissa, and Rapson, David “From Cradle to Junkyard: Assessing the Life Cycle Greenhouse Gas Benefits of Electric Vehicles” (Revised September 2015) (Revised version published in Research in Transportation Economics, 63(3): 397-421, 2015) | WP-263R | Abstract

Borenstein, Severin and Davis, Lucas “The Distributional Effects of U.S. Clean Energy Tax Credits” (Revised July 2015) (Revised version published in NBER Tax Policy and the Economy, University of Chicago Press, 30(1): 191-234, 2016) | WP-262R | Abstract | Blog Post

Fowlie, Meredith, Greenstone, Michael and Wolfram, Catherine “Do Energy Efficiency Investments Deliver? Evidence from the Weatherization Assistance Program” (Revised June 2015) (Revised version published in Quarterly Journal of Economics, 133(3): 1597-1644, August 2018) | WP-261R | Abstract | Blog Post

Cohen, Michael, Kauzmann, P., and Callaway, Duncan “Economic Effects of Distributed PV Generation on California’s Distribution System” (Revised June 2015) (Revised version published in Solar Energy, 128: 26-138, April 2016)| WP-260R | Abstract

Borenstein, Severin “Private Net Benefits of Residential Solar PV: The Role of Electricity Tariffs, Tax Incentives and Rebates” (Revised July 2015) (Revised version published in the Journal of the Association of Environmental and Resource Economists, 4, September 2017) | WP-259R | Abstract | Blog Post

Coglianese, John, Davis, Lucas, Kilian, Lutz, and Stock, James “Anticipation, Tax Avoidance, and the Price Elasticity of Gasoline Demand” (February 2015) (Revised version published in Journal of Applied Econometrics, 32(1): 1-15, 2017) | WP-258R | Abstract

Ito, Koichiro, Ida, Takanori, and Tanaka, Makoto “The Persistence of Moral Suasion and Economic Incentives: Field Experimental Evidence from Energy Demand” (Revised April 2015) (Revised version published in the American Economic Journal: Economic Policy, 10(1): 1-29, February 2018) | WP-257R | Abstract | Blog Post

Fowlie, Meredith, Greenstone, Michael and Wolfram, Catherine “Are the Non-Monetary Costs of Energy Efficiency Investments Large? Understanding Low Take-up of a Free Energy Efficiency Program” (Revised January 2015) (Revised version published in American Economic Review, Papers and Proceedings, 105: 201-204, May 2015) | WP-256R | Abstract | Blog Post

Bushnell, James, Holland, Stephen, Hughes, Jonathan, and Knittel, Christopher “Strategic Policy Choice in State-Level Regulation: The EPA’s Clean Power Plan” (Revised May 2016) (Revised version published in the American Economic Journal: Economic Policy, 9(2), May 2017) | WP-255R | Abstract | Executive Summary | Appendix B | Blog Post

Boomhower, Judson “Drilling Like There’s No Tomorrow: Bankruptcy, Insurance, and Environmental Risk” (Revised March 2016) (Revised version published in the American Economic Review, 109(2): 391-426, February 2019 | WP-254R | Abstract | Blog Post

Davis, Lucas and Metcalf, Gilbert “Does Better Information Lead to
Better Choices? Evidence from Energy-Efficiency Labels”
(Revised March 2015) (Revised version published in the Journal of the Association of Environmental and Resource Economists, 3(3): 589-625, September 2016) | WP-253R | Abstract | Blog Post

Borenstein, Severin and Bushnell, James “The U.S. Electricity Industry after 20 Years of Restructuring” (Revised May 2015) (Revised version published in the Annual Review of Economics, 7(1): 437-463, August 2015) | WP-252R | Abstract | Blog Post

Borenstein, Severin, Bushnell, James, Wolak, Frank, and Zaragoza-Watkins, Matthew “Report of the Market Simulation Group on Competitive Supply/Demand Balance in the California Allowance Market and the Potential for Market Manipulation” (July 2014) | WP-251 | Abstract | Press Release | Blog Post

Anderson, Soren, Kellogg, Ryan and Salant, Steve “Hotelling Under Pressure” (July 2014) (Revised version published in the Journal of Political Economy, 126(3): 984-1026, June 2018) | WP-250R | Abstract

Auffhammer, Maximilian and Wolfram, Catherine “Powering Up China: Income Distributions and Residential Electricity Consumption” (May 2014) (Revised version published in American Economic Review: Papers and Proceedings, 104(5): 575-580, May 2014) | WP-249R | Abstract

Davis, Lucas and Hausman, Catherine “Market Impacts of a Nuclear Power Plant Closure” (Revised May 2015) (Revised version published in the American Economic Journal: Applied Economics, 8(2): 92-122, April 2016) | WP-248R | Abstract | Blog Post

Davis, Lucas “The Economic Cost of Global Fuel Subsidies” (December 2013) (Revised version published in American Economic Review: Papers and Proceedings, 104(5): 581-585, May 2014) | WP-247R | Abstract | Blog Post

Myers, Erica “Asymmetric Information in Residential Rental Markets: Implications for the Energy Efficiency Gap” (Revised January 2018) (Revised version published in Journal of Public Economics, 190, 2020) | WP-246R | Abstract

Jessoe, Katrina, Rapson, David, and Smith, Jeremy “Towards Understanding the Role of Price in Residential Electricity Choices: Evidence from a Natural Experiment” (October 2013) (Revised version published in the Journal of Economic Behavior and Organization, 107: 191-208, November 2014) | WP-245R | Abstract

Ito, Koichiro “Asymmetric Incentives in Subsidies: Evidence from a Large-Scale Electricity Rebate Program” (Revised September 2014) (Revised version published in American Economic Journal: Economic Policy, 7(3): 209-237, August 2015) | WP-244R | Abstract | Blog Post

Blumstein, Carl and Taylor, Margaret “Rethinking the Energy-Efficiency Gap: Producers, Intermediaries, and Innovation” (May 2013) | WP-243 | Abstract

Borenstein, Severin “A Microeconomic Framework for Evaluating Energy Efficiency Rebound And Some Implications” (Revised January 2014) (Revised version published in the Energy Journal, 36(1): 1-21, January 2015) | WP-242R | Abstract

Jessoe, Katrina and Rapson, David “Knowledge is (Less) Power: Experimental Evidence from Residential Energy Use” (April 2013) (Revised version published in the American Economic Review, 104(4): 1417-1438, April 2014) | WP-241R | Abstract | Blog Post

Baker, Erin, Fowlie,  Meredith, Lemoine, Derek, and Reynolds, Stanley “The Economics of Solar Electricity” (April 2013) (Revised version published in the Annual Review of Resource Economics, 5(1): 397-426, 2013) | WP-240R | Abstract | Blog Post

Albouy, David, Graf, Walter, Kellogg, Ryan, and Wolff, Hendrik “Climate Amenities, Climate Change, and American Quality of Life” (March 2013) (Revised version published in the Journal of the Association of Environmental and Resource Economists, 3: 205-246, March 2016) | WP-239R | Abstract | Blog Post

Jessoe, Katrina and Rapson, David “Commercial and Industrial Demand Response Under Mandatory Time-of-Use Electricity Pricing” (February 2013) (Revised version published in the Journal of Industrial Economics, 63(3): 397-421, September 2015) | WP-238R | Abstract

Fowlie, Meredith and Muller, Nicholas “Market-based Emissions Regulation When Damages Vary Across Sources: What are the Gains from Differentiation?” (February 2013) (Revised version published in Journal of the Association of Environmental and Resource Economists, 6(3): 593-632, May 2019) | WP-237R | Abstract | Blog Post

Bushnell, James, Chen, Yihsu, and Zaragoza-Watkins, Matthew “Downstream Regulation of CO2 Emissions in California’s Electricity Sector” (January 2013) (Revised version published in Energy Policy, 64: 313-323, January 2014) | WP-236R | Abstract

Anderson, Soren and Elzinga, Andrew “A Ban on One is a Boon for the Other: Strict Gasoline Content Rules and Implicit Ethanol Blending Mandates” (December 2012) (Revised version published in the Journal of Environmental Economics and Management, 67(3): 258-273, May 2014) | WP-235R | Abstract

Fowlie, Meredith, Reguant, Mar, and Ryan, Stephen “Market-Based Emissions Regulation and Industry Dynamics” (December 2012) (Revised version published in Journal of Political Economy, 124(1): 249-302, 2016) | WP-234R | Abstract

Deschenes, Olivier, Greenstone, Michael and Shapiro, Joseph “Defensive Investments and the Demand for Air Quality: Evidence from the NOx Budget Program and Ozone Regulation” (July 2012) (Published in American Economic Review, 107(10): 2958-2989, 2017) | WP-233 | Abstract

Davis, Lucas “Bonding Requirements for Natural Gas Producers” (Revised February 2014) (Revised version published in The Review of Environmental Economics and Policy, 9(10): 128-144, 2015) | WP-232R | Abstract | Blog Post

Borenstein, Severin and Kellogg, Ryan “The Incidence of an Oil Glut: Who Benefits from Cheap Crude Oil in the Midwest?” (January 2014) (Revised version published in Energy Journal, 35(1): 15-33, January 2014) | WP-231R | Abstract | Blog Post

Davis, Lucas, Fuchs, Alan and Gertler, Paul “Cash for Coolers: Evaluating a Large-Scale Appliance Replacement Program in Mexico” (Revised November 2013) (Revised version published in American Economic Journal: Economic Policy, 6(4): 207-238, 2014) | WP-230R | Abstract | Blog Post

Borenstein, Severin “Effective and Equitable Adoption of Opt-In Residential Dynamic Electricity Pricing” (April 2012) (Revised version published in Review of Industrial Organization, 42(2): 127-160, March 2013) | WP-229R | Abstract | Blog Post

Allcott, Hunt and Greenstone, Michael “Is There an Energy Efficiency Gap?” (Revised July 2012) (Revised version published in Journal of Economic Perspectives, 26(1), Winter 2012) | WP-228R | Abstract | Blog Post

Knittel, Christopher “Reducing Petroleum Consumption from Transportation” (January 2012) (Revised version published in Journal of Economic Perspectives, 26(1): 93-118, 2012) | WP-227R | Abstract

Wolfram, Catherine, Shelef, Orie, and Gertler, Paul “How Will Energy Demand Develop in the Developing World?” (January 2012) (Revised version published in Journal of Economic Perspectives, 26(1): 119-138, Winter 2012) | WP-226R | Abstract

Borenstein, Severin “Regional and Income Distribution Effects of Alternative Retail Electricity Tariffs” (October 2011) | WP-225 | Abstract

Gertler, Paul, Shelef, Orie, Wolfram, Catherine, and Fuchs, Alan “The Demand for Energy-Using Assets among the World’s Rising Middle Classes” (October 2011) (Revised June 2016) (Revised version published in the American Economic Review, 106(6): 1366-1401, June 2016) | WP-224R | Abstract | Blog Post

Hausman, Catherine “Corporate Incentives and Nuclear Safety” (April 2013) (Revised August 2014) (Revised version published in American Economic Journal: Economic Policy, 6(3): 178-206, August 2014) | WP-223R | Abstract | Blog Post

Bushnell, James “Adverse Selection and Emissions Offsets” (September 2011) | WP-222 | Abstract

Borenstein, Severin “The Private and Public Economics of Renewable Electricity Generation” (December 2011) (Revised 2012) (Revised version published in Journal of Economic Perspectives, 26(1): 67-92, 2012) | WP-221R | Abstract | Blog Post

Holland, Stephen, Hughes, Jonathan, Knittel, Christopher, and Parker, Nathan “Some Inconvenient Truths About Climate Change Policy: The Distributional Impacts of Transportation Policies” (August 2011) (Revised December 2015) (Revised version published in the Review of Economics and Statistics, 97(5): 1052-1069, December 2015) | WP-220R | Abstract

Knittel, Christopher and Sandler, Ryan “Cleaning the Bathwater with the Baby: The Health Co-Benefits of Carbon Pricing in Transportation” (August 2011) | WP-219 | Abstract

Davis, Lucas “Prospects for U.S. Nuclear Power After Fukushima” (August 2011) (Revised version published in Journal of Economic Perspectives, 26(1), 49-66, 2012) | WP-218R | Abstract | Blog Post

Davis, Lucas and Wolfram, Catherine “Deregulation, Consolidation, and Efficiency: Evidence from U.S. Nuclear Power” (August 2011) (Revised October 2012) (Revised version published in American Economic Journal: Applied Economics, 4(4): 194-225, October 2012) | WP-217R | Abstract | Blog Post

Borenstein, Severin “Would Pricing Aviation GHGs Really Lower Efficiency or Profitability?: A Comment on Winchester et al, ‘The Impact of Climate Policy on U.S. Aviation'” (June 2011) | WP-216 | Abstract

Anderson, Soren, Kellogg, Ryan and Sallee, James “What Do Consumers Believe About Future Gasoline Prices?” (September 2012) (Revised November 2013) (Revised version published in Journal of Environmental Economics and Management, 66(3): 383-403, November 2013) | WP-215R | Abstract

Whitefoot, Kate, Fowlie, Meredith, and Skerlos, Steven “Product Design Responses to Industrial Policy: Evaluating Fuel Economy Standards Using an Engineering Model of Endogenous Product Design”  (February 2011) (Revised 2017) (Revised version published in Environmental Science & Technology, 51(18): 10307-10315, August 2017) | WP-214R | Abstract

Borenstein, Severin and Davis, Lucas “The Equity and Efficiency of Two-Part Tariffs in U.S. Natural Gas Markets” (December 2010) (Revised February 2012) (Revised version published in Journal of Law and Economics, 55(1): 75-128, February 2012) | WP-213R | Abstract

Sallee, James and Slemrod, Joel “Car Notches: Strategic Automaker Responses to Fuel Economy Policy” (December 2010) (Revised December 2012) (Revised version published in Journal of Public Economics, 96(11-12): 981-999, December 2012) | WP-212R | Abstract

Chong, Howard “Building Vintage and Electricity Use: Old Homes Use Less Electricity in Hot Weather” (November 2010) (Revised July 2012) (Revised version published in European Economic Review, 56(5): 906-930, July 2012) | WP-211R | Abstract

Ito, Koichiro “Do Consumers Respond to Marginal or Average Price? Evidence from Nonlinear Electricity Pricing” (October 2012) (Revised February 2014) (Revised version published in American Economic Review, 104(2): 537-63, February 2014) | WP-210R | Abstract | Blog Post

Kahn, Matthew and Mansur, Erin “How Do Energy Prices, and Labor and Environmental Regulations Affect Local Manufacturing Employment Dynamics? A Regression Discontinuity Approach” (November 2010) (Revised 2013) (Revised version published in the Journal of Public Economics, 101: 105-114, 2013) | WP-209R | Abstract

Auffhammer, Maximilian and Aroonruengsawat, Anin “Simulating the Impacts of Climate Change, Prices and Population on California’s Residential Electricity Consumption” (November 2011) (Revised June 2012) (Revised version published in Climate Change, 109(S1), June 2012) | WP-208R | Abstract | Blog Post

Fowlie, Meredith “Updating the Allocation of Greenhouse Gas Emissions Permits in a Federal Cap-and-Trade Program” (August 2010) (Revised September 2012) (Revised version published in The Design and Implementation of U.S. Climate Policy, September 2012) | WP-207R | Abstract

Borenstein, Severin “Markets for Anthropogenic Carbon Within the Larger Carbon Cycle” (June 2010) (Revised September 2012) (Revised version published in The Design and Implementation of U.S. Climate Policy, September 2012) | WP-206R | Abstract

Davis, Lucas “Evaluating the Slow Adoption of Energy Efficient Investments: Are Renters Less Likely to Have Energy Efficient Appliances?” (June 2010) (Revised September 2012) (Revised version published in The Design and Implementation of U.S. Climate Policy, September 2012) | WP-205R | Abstract | Blog Post

Borenstein, Severin “The Redistributional Impact of Non-Linear Electricity Pricing” (April 2011) (Revised August 2012) (Revised version published in American Economic Journal: Economic Policy, 4(3), August 2012) | WP-204R | Abstract

Hobbs, Benjamin, Bushnell, James and Wolak, Frank “Upstream vs. Downstream CO2 Trading: A Comparison for the Electricity Context” (March 2010) (Revised July 2010) (Revised version published in Energy Policy, 38(7): 3632-3643, July 2010) | WP-203R | Abstract

Bushnell, James “Building Blocks: Investment in Renewable and Non-Renewable Technologies” (January 2010) (Revised April 2010) (Revised version published in Harnessing Renewable Energy in Electric Power Systems, Resources for the Future Press, April 2010) | WP-202R | Abstract

Busse, Meghan, Knittel, Christopher and Zettelmeyer, Florian “Are Consumers Myopic? Evidence from New and Used Car Purchases” (December 2009) (Revised February 2013) (Revised version published in The American Economic Review, 103(1), February 2013) | WP-201R | Abstract

Bushnell, James, Chong, Howard, and Mansur, Erin “Profiting from Regulation: An Event Study of the European Carbon Market” (October 2011) (Revised November 2013) (Revised version published in American Economic Journal: Economic Policy, 5(4), November 2013) | WP-200R | Abstract