Suppressed prices in real-time markets provide inadequate incentives for both generation investment and active participation by demand…
American politicians often take it for granted that national security would be enhanced by accelerating domestic oil production, through…
This paper tests for incentive and selection effects in a subprime consumer credit market. We estimate the incentive effect of loan size on…
Climate change is a complex long-run phenomenon. The speed and severity with which it is occurring is difficult to observe, complicating…
The paper presents and estimates a model of the prices of oil and other storable commodities, a model that can be characterized as…
In Professor Summers’ testimony before the Senate, he sets out to do three things: First, he characterizes the economic and fiscal outlook…
Around the world the idea of “austerity” is fiercely debated. The various strengths and weaknesses of the global economy make opportune a…
Integrated policy and planning is needed to effectively meet the challenges of growing water and energy inter-dependencies in many regions…