Research

Energy Institute at Haas

Working Papers

The Energy Institute at Haas Working Paper Series is a continuation of the Center for the Study of Energy Markets working paper series that operated under UCEI from 2001 to 2009.

New Working Papers

WP-282

Catherine Hausman and David Rapson, "Regression Discontinuity in Time: Considerations for Empirical Applications" (August 2017) Abstract | Full Paper

WP-281

Severin Borenstein, James Bushnell, and Frank Wolak, "California's Cap-and-Trade Market Through 2030: A Preliminary Supply/Demand Analysis" (July 2017) Abstract | Full Paper

WP-280

Meredith Fowlie, Catherine Wolfram, C. Anna Spurlock, Annika Todd, Patrick Baylis, and Peter Cappers, "Default Effects and Follow-On Behavior: Evidence From An Electricity Pricing Program" (June 2017) Abstract | Full Paper | Online Appendix

WP-279

Lucas Davis, "Evidence of a Decline in Electricity Use by U.S. Households" (May 2017) Abstract | Full Paper | Blog

WP-278

James Bushnell, Michaela Flagg, and Erin Mansur, "Capacity Markets at a Crossroads" (April 2017) Executive Summary | Full Paper

WP-277

Fiona Burlig, Louis Preonas, and Matt Woerman, "Panel Data and Experimental Design" (January 2017) Abstract | Full Paper | Appendix

WP-276

Lucas W. Davis and Christopher R. Knittel, "Are Fuel Economy Standards Regressive?" (December 2016) Abstract | Full Paper

WP-275

Joshua A. Blonz, "Making the Best of the Second-Best: Welfare Consequences of Time-Varying Electricity Prices" (November 2016) Abstract | Full Paper | Related Blog Post

WP-274

Severin Borenstein, James Bushnell, Frank A. Wolak, and Matthew Zaragoza-Watkins, "Expecting the Unexpected: Emissions Uncertainty and Environmental Market Design" (August 2016) Abstract | Full Paper

WP-273R

Erica Myers, "Are Home Buyers Myopic? Evidence From Capitalization of Energy Costs" (Revised January 2017) Abstract | Full Paper

WP-272R

Severin Borenstein, "The Economics of Fixed Cost Recovery by Utilities" (July 2016) (Revised version published in The Electricity Journal, 29 [2016], 5 -12.) Abstract | Full Paper

WP-271R

Judson Boomhower and Lucas Davis, "Do Energy Efficiency Investments Deliver at the Right Time?" (Revised May 2017) Abstract | Full Paper | Related Blog Post

WP-270

Kenneth Lee, Edward Miguel, and Catherine Wolfram, "Experimental Evidence on the Demand for and Costs of Rural Electrification" (May 2016) Abstract | Full Paper | Appendix

WP-269R

Sharat Ganapati, Joseph S. Shapiro, and Reed Walker, "The Incidence of Carbon Taxes in U.S. Manufacturing: Lessons from Energy Cost Pass-Through" (Revised April 2017) Abstract | Full Paper

WP-268R

Fiona Burlig and Louis Preonas, "Out of the Darkness and Into the Light? Development Effects of Rural Electrification" (Revised October 2016) Abstract | Full Paper | Appendix

WP-267R

Lucas Davis, "The Environmental Cost of Global Fuel Subsidies" (Revised September 2016) (Forthcoming in The Energy Journal) Abstract | Full Paper | Related Blog Post | Related CATO Research Brief

WP-266

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

WP-265

Patrick Baylis, "Temperature and Temperament: Evidence from a Billion Tweets" (November 2015) Abstract | Full Paper

WP-264

Duncan Callaway, Meredith Fowlie, and Gavin McCormick, "Location, Location, Location: The Variable Value of Renewable Energy and Demand-side Efficiency Resources" (September 2015) Abstract | Full Paper | Related Blog Post

WP-263R

James Archsmith, Alissa Kendall, and David Rapson, "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 (2015), 63(3), 397-421.) Abstract | Full Paper

WP-262

Severin Borenstein and Lucas Davis, "The Distributional Effects of U.S. Clean Energy Tax Credits" (July 2015) (Published in NBER Tax Policy and the Economy, University of Chicago Press; 2016, 30(1), 191-234) Abstract | Full Paper | Related Blog Post

WP-261R

Meredith Fowlie, Michael Greenstone, and Catherine Wolfram, "Do Energy Efficiency Investments Deliver? Evidence from the Weatherization Assistance Program" (Revised June 2015) Abstract | Full Paper | Related Blog Post

WP-260

M.A. Cohen, P.A. Kauzmann, D.S. Callaway, "Economic Effects of Distributed PV Generation on California's Distribution System" (June 2015) Abstract | Full Paper

WP-259R

Severin Borenstein, "Private Net Benefits of Residential Solar PV: The Role of Electricity Tariffs, Tax Incentives and Rebates" (Revised July 2015) (Forthcoming in the Journal of the Association of Environmental and Resource Economists) Abstract | Full Paper | Related Blog Post

WP-258R

John Coglianese, Lucas W. Davis, Lutz Kilian, and James H. Stock, "Anticipation, Tax Avoidance, and the Price Elasticity of Gasoline Demand" (February 2015) (Revised version published in Journal of Applied Econometrics, 2017, 32(1), 1-15.) Abstract | Full Paper

WP-257R

Koichiro Ito, Takanori Ida, and Makoto Tanaka, "The Persistence of Moral Suasion and Economic Incentives: Field Experimental Evidence from Energy Demand" (Revised April 2015) (Revised version forthcoming in the American Economic Journal: Economic Policy.) Abstract | Full Paper | Related Blog Post

WP-256R

Meredith Fowlie, Michael Greenstone, and Catherine Wolfram, "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 pp. 201 – 204, May 2015) Abstract | Full Paper | Related Blog Post

WP-255R

James B. Bushnell, Stephen P. Holland, Jonathan E. Hughes, and Christopher R. Knittel, "Strategic Policy Choice in State-Level Regulation: The EPA's Clean Power Plan" (Revised May 2016) Abstract | Executive Summary | Full Paper | Appendix B | Related Blog Post

WP-254R

Judson Boomhower, "Drilling Like There's No Tomorrow: Bankruptcy, Insurance, and Environmental Risk" (Revised March 2016) Abstract | Full Paper | Related Blog Post

WP-253R

Lucas Davis and Gilbert Metcalf, "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, no. 3 [September 2016]) Abstract | Full Paper | Related Blog Post

WP-252R

Severin Borenstein and James Bushnell, "The U.S. Electricity Industry after 20 Years of Restructuring" (Revised May 2015) (Revised version published in the Annual Review of Economics, 2015, 7.) Abstract | Full Paper | Related Blog Post

WP-251

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

WP-250

Soren T. Anderson, Ryan Kellogg, and Steve W. Salant, "Hotelling Under Pressure" (Forthcoming in the Journal of Political Economy.) (July 2014) Abstract | Full Paper

WP-249R

Maximilian Auffhammer and Catherine Wolfram, "Powering Up China: Income Distributions and Residential Electricity Consumption" (May 2014) (Revised version published in American Economic Review: Papers and Proceedings.104(5): 575-80, May 2014) Abstract | Full Paper

WP-248R

Lucas Davis and Catherine Hausman, "Market Impacts of a Nuclear Power Plant Closure" (Revised May 2015) (Revised version published in the American Economic Journal: Applied Economics, April 2016) Abstract | Full Paper | Related Blog Post

WP-247R

Lucas Davis, "The Economic Cost of Global Fuel Subsidies" (December 2013) (Revised version published in American Economic Review: Papers and Proceedings, 2014, 104(5), 581-585.) Abstract | Full Paper | Related Blog Post

WP-246R

Erica Myers, "Asymmetric Information in Residential Rental Markets: Implications for the Energy Efficiency Gap" (Revised September 2015) Abstract | Full Paper

WP-245R

Katrina Jessoe, David Rapson, and Jeremy B. Smith, “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.) Abstract | Full Paper

WP-244R

Koichiro Ito, "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): 209-37. August 2015.) Abstract | Full Paper | Related Blog Post

WP-243

Carl Blumstein and Margaret Taylor, "Rethinking the Energy-Efficiency Gap: Producers, Intermediaries, and Innovation" (May 2013) Abstract | Full Paper

WP-242R

Severin Borenstein, "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) Abstract | Full Paper

WP-241R

Katrina Jessoe and David Rapson, "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) Abstract | Full Paper | Related Blog Post

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WP-240R

Erin Baker, Meredith Fowlie, Derek Lemoine, and Stanley S. Reynolds, "The Economics of Solar Electricity" (April 2013) (Revised version published in the Annual Review of Resource Economics 5(1): 397 – 426, 2013) Abstract | Full Paper | Related Blog Post

WP-239R

David Albouy, Walter Graf, Ryan Kellogg, and Hendrik Wolff, "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), . Abstract | Full Paper | Related Blog Post

WP-238R

Katrina Jessoe and David Rapson, "Commercial and Industrial Demand Response Under Mandatory Time-of-Use Electricity Pricing" (February 2013). (Revised version published in the Journal of Industrial Economics (2015), 63(3), 397-421.) Abstract | Full Paper

WP-237

Meredith Fowlie and Nicholas Muller, "Market-based Emissions Regulation When Damages Vary Across Sources: What are the Gains from Differentiation?" (February 2013) Abstract | Full Paper | Related Blog Post

WP-236R

James Bushnell, Yihsu Chen, and Matthew Zaragoza-Watkins, "Downstream Regulation of CO2 Emissions in California's Electricity Sector" (January 2013) (Revised version published in Energy Policy. 64: 313-323.  January 2014) Abstract | Full Paper

WP-235R

Soren Anderson and Andrew Elzinga, "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) Abstract | Full Paper

WP-234R

Meredith Fowlie, Mar Reguant, and Stephen P. Ryan, "Market-Based Emissions Regulation and Industry Dynamics" (December 2012) (Revised version published in Journal of Political Economy, 2016, 124(1), 249-302.) Abstract | Full Paper

WP-233

Olivier Deschenes, Michael Greenstone, and Joseph S. Shapiro, "Defensive Investments and the Demand for Air Quality: Evidence from the NOx Budget Program and Ozone Regulation" (July 2012) Abstract | Full Paper

WP-232R

Lucas Davis, "Bonding Requirements for Natural Gas Producers" (Revised February 2014) (Revised version published in The Review of Environmental Economics and Policy, 2015, 9(10) pp. 128 - 144.) Abstract | Full Paper | Related Blog Post

WP-231R

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

WP-230R

Lucas Davis, Alan Fuchs, and Paul Gertler, "Cash for Coolers: Evaluating a Large-Scale Appliance Replacement Program in Mexico" (Revised November 2013) (Revised version published in American Economic Journal: Economic Policy, 2014, 6(4) pp. 207 - 238.) Abstract | Full Paper | Related Blog Post

WP-229R

Severin Borenstein, "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) Abstract | Full Paper | Related Blog Post

WP-228R

Hunt Allcott and Michael Greenstone, "Is There an Energy Efficiency Gap?" (Revised July 2012) (Revised version published in Journal of Economic Perspectives, 26(1), Winter 2012.) Abstract | Full Paper | Related Blog Post

WP-227R

Christopher R. Knittel, "Reducing Petroleum Consumption from Transportation" (January 2012) (Revised version published in Journal of Economic Perspectives, 26(1), Winter 2012, pp. 93-118.) Abstract | Full Paper

WP-226R

Catherine Wolfram, Orie Shelef, and Paul Gertler, "How Will Energy Demand Develop in the Developing World?" (January 2012) (Revised version published in Journal of Economic Perspectives, Vol. 26, No. 1, Winter 2012, pp. 119-138.) Abstract | Full Paper

WP-225

Severin Borenstein, "Regional and Income Distribution Effects of Alternative Retail Electricity Tariffs" (October 2011) Abstract | Full Paper

WP-224R

Paul Gertler, Orie Shelef, Catherine Wolfram, and Alan Fuchs, "The Demand for Energy-Using Assets among the World's Rising Middle Classes" (October 2011) (Revised version published in the American Economic Review, 106(6): 1366-1401, June 2016.) Abstract | Full Paper | Related Blog Post

WP-223R

Catherine Hausman, "Corporate Incentives and Nuclear Safety" (Revised April 2013) (Revised version published in American Economic Journal: Economic Policy, 6(3): 178 - 206. August 2014) Abstract | Full Paper | Related Blog Post

WP-222

James B. Bushnell, "Adverse Selection and Emissions Offsets" (September 2011) Abstract | Full Paper

WP-221R

Severin Borenstein, "The Private and Public Economics of Renewable Electricity Generation" (Revised December 2011) (Revised version published in Journal of Economic Perspectives, 26, Winter 2012.) Abstract | Full Paper | Related Blog Post

WP-220

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

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WP-219

Christopher R. Knittel and Ryan Sandler, "Cleaning the Bathwater with the Baby: The Health Co-Benefits of Carbon Pricing in Transportation" (August 2011) Abstract | Full Paper

WP-218R

Lucas W. Davis, "Prospects for U.S. Nuclear Power After Fukushima" (August 2011) (Revised version published in Journal of Economic Perspectives, 2012, 26(1), 49-66) Abstract | Full Paper | Related Blog Post

WP-217R

Lucas W. Davis and Catherine Wolfram, "Deregulation, Consolidation, and Efficiency: Evidence from U.S. Nuclear Power" (August 2011) (Revised version published in American Economic Journal: Applied Economics, 4(4), 2012.) Abstract | Full Paper | Related Blog Post

WP-216

Severin Borenstein, "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) Abstract | Full Paper

WP-215R

Soren T. Anderson, Ryan Kellogg, and James M. Sallee, "What Do Consumers Believe About Future Gasoline Prices?" (Revised September 2012) (Revised version published in Journal of Environmental Economics and Management, 66 (3): 383-403, November 2013) Abstract | Full Paper

WP-214

Kate Whitefoot, Meredith Fowlie, and Steven Skerlos, "Product Design Responses to Industrial Policy: Evaluating Fuel Economy Standards Using an Engineering Model of Endogenous Product Design" (February 2011) (Revised: this paper is currently under peer review Oct 2016) Abstract | Full Paper

WP-213R

Severin Borenstein and Lucas W. Davis, "The Equity and Efficiency of Two-Part Tariffs in U.S. Natural Gas Markets" (December 2010) (Revised version published in Journal of Law and Economics, 55(1), 2012.) Abstract | Full Paper

WP-212R

James Sallee and Joel Slemrod, "Car Notches: Strategic Automaker Responses to Fuel Economy Policy" (December 2010) (Revised version published in Journal of Public Economics, 96(11-12), December 2012.) Abstract | Full Paper

WP-211R

Howard Chong, "Building Vintage and Electricity Use: Old Homes Use Less Electricity in Hot Weather" (November 2010) (Revised version published in European Economic Review, 56(5), 906-930) Abstract | Full Paper

WP-210R

Koichiro Ito, "Do Consumers Respond to Marginal or Average Price? Evidence from Nonlinear Electricity Pricing" (Revised October 2012) (Revised version published in American Economic Review, 104(2): 537-63, 2014) Abstract | Full Paper | Related Blog Post

WP-209R

Matthew E. Kahn and Erin T. Mansur, "How Do Energy Prices, and Labor and Environmental Regulations Affect Local Manufacturing Employment Dynamics? A Regression Discontinuity Approach" (November 2010) (Revised version published in the Journal of Public Economics, vol. 101(C): 105-114, 2013) Abstract | Full Paper

WP-208R

Maximilian Auffhammer and Anin Aroonruengsawat, "Simulating the Impacts of Climate Change, Prices and Population on California's Residential Electricity Consumption" (Revised May 2012 to correct an error in the previous version.) (Revised version published in Climate Change, 109(S1), 2011.) Abstract | Full Paper | Related Blog Post

WP-207R

Meredith Fowlie, "Updating the Allocation of Greenhouse Gas Emissions Permits in a Federal Cap-and-Trade Program" (June 2010) (Revised version published in The Design and Implementation of U.S. Climate Policy, edited by Don Fullerton and Catherine Wolfram, University of Chicago Press. 2012) Abstract | Full Paper

WP-206R

Severin Borenstein, "Markets for Anthropogenic Carbon Within the Larger Carbon Cycle" (June 2010) (Revised version published in The Design and Implementation of U.S. Climate Policy, edited by Don Fullerton and Catherine Wolfram, National Bureau of Economic Research and University of Chicago Press, 2012) Abstract | Full Paper

WP-205R

Lucas W. Davis, "Evaluating the Slow Adoption of Energy Efficient Investments: Are Renters Less Likely to Have Energy Efficient Appliances?" (June 2010) (Revised version published in The Design and Implementation of U.S. Climate Policy, edited by Don Fullerton and Catherine Wolfram, University of Chicago Press. 2012) Abstract | Full Paper | Related Blog Post

WP-204R

Severin Borenstein, "The Redistributional Impact of Non-Linear Electricity Pricing" (Revised April 2011) (Revised version published in American Economic Journal: Economic Policy, 4(3), August 2012.) Abstract | Full Paper

WP-203R

Benjamin F. Hobbs, James Bushnell and Frank A. Wolak, "Upstream vs. Downstream CO2 Trading: A Comparison for the Electricity Context" (March 2010) (Revised version published in Energy Policy, 38(7), July 2010, pp. 3632-3643.) Abstract | Full Paper

WP-202R

James Bushnell, "Building Blocks: Investment in Renewable and Non-Renewable Technologies" (February 2010) (Revised April 2010) (Revised version published in Harnessing Renewable Energy in Electric Power Systems, Resources for the Future Press, 2010.) Abstract | Full Paper

WP-201R

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

WP-200R

James B. Bushnell, Howard Chong and Erin T. Mansur, "Profiting from Regulation: An Event Study of the European Carbon Market" (Revised October 2011) (Revised version published in American Economic Journal: Economic Policy, Volume 5, Issue 4.  November, 2013.)   Abstract | Full Paper

Click here for the complete list of past working papers

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