Center for Energy and Environmental Policy Research: Recent submissions
Now showing items 250-252 of 334
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Rational plunging and the option value of sequential investment : the case of petroleum exploration
(MIT Center for Energy and Environmental Policy Research, 2006)Any investor in assets that can be exploited sequentially faces a tradeoff between diversification and concentration. Loading a portfolio with correlated assets has the potential to inflate variance, but also creates ... -
The economic impacts of climate change : evidence from agricultural profits and random fluctuations in weather
(MIT Center for Energy and Environmental Policy Research, 2006)This paper measures the economic impact of climate change on US agricultural land by estimating the effect of the presumably random year-to-year variation in temperature and precipitation on agricultural profits. Using ... -
$2.00 gas! : studying the effects of gas tax moratorium
(MIT Center for Energy and Environmental Policy Research, 2005)Despite the considerable attention paid to the theory of tax incidence, there are surprisingly few estimates of the pass-through rate of sales taxes on retail prices. This paper estimates the effect of a suspension and ...
