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Working Papers

Working Papers are listed by year and numbered sequentially. You can view an abstract for any paper by clicking on the Abstract link. You can also download an electronic copy of the full paper by clicking on the PDF link. You may request one free hard copy each of up to ten Working Papers, to be delivered by postal mail, by completing and emailing the Publications Request Form. Specify the desired Working Paper title(s) and number(s), and the postal address to which publications are to be delivered. Please allow three to four weeks for delivery. Older papers may no longer be available.

2008 |2007 | 2006 | 2005

2008

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WP-2008-008 SHORT-TERM CO2 Abatement in the European Power Sector
by Erik D. Delarue, A. Denny Ellerman and William D. D’haeseleer, June 2008
| Full Paper [PDF]
WP-2008-007 The Oil Price Really Is A Speculative Bubble
by R.S. Eckaus, June 2008
| Full Paper [PDF]
WP-2008-006 Forward Trading in Exhaustible-Resource Oligopoly
by Matti Liski and Juan-Pablo Montero, June 2008
| Full Paper [PDF]
WP-2008-005 The Diversity of Design of TSOs
by Vincent Rious, Jean-Michel Glachant, Yannick Perez and Philippe Dessante, May 2008
| Full Paper [PDF]
WP-2008-004 The Effects of Interactions between Federal and State Climate Policies
by Meghan McGuinness and A. Denny Ellerman, May 2008
| Full Paper [PDF]
WP-2008-003 Oil Futures Prices in a Production Economy With Investment Constraints
by Leonid Kogan, Dmitry Livdan and Amir Yaron, April 2008
| Full Paper [PDF]
WP-2008-002 The European Carbon Market In Action: Lessons From The First Trading Period. Interim Report
by Frank Convery, Denny Ellerman and Christian De Perthuis, January 2008
| Full Paper [PDF]
WP-2008-001 Market Power and Electricity Market Reform in Northeast China
by Xiaochun Zhang and John E. Parsons, January 2008
| Full Paper [PDF]

2007

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WP-2007-013 Quasi-Experimental and Experimental Approaches to Environmental Economics
by Michael Greenstone and Ted Gayer, December 2007
| Full Paper [PDF]
WP-2007-012 Technical Memorandum on Analysis of the EU ETS Using the Community Independent Transaction Log
by Meghan McGuinness and Raphael Trotignon, December 2007
| Full Paper [PDF]
WP-2007-011 The Macroeconomic Effects of Oil Price Shocks: Why are the 2000s so different from the 1970s?
by Olivier J. Blanchard and Jordi Galí, August 2007
| Full Paper [PDF]
WP-2007-010 First Evidence of Asymmetric Cost Pass-Through of EU Emissions Allowances: Examining Wholesale Electricity Prices in Germany
by Georg Zachmann and Christian von Hirschhausen, September 2007
| Full Paper [PDF]
WP-2007-009 Reductions in Ozone Concentrations Due to Controls on Variability in Industrial Flare Emissions in Houston, Texas
by Junsang Nam, Mort Webster, Yosuke Kimura, Harvey Jeffries, William Vizuete and David T. Allen, August 2007
| Full Paper [PDF]
WP-2007-008 The Effect of Variability in Industrial Emissions on Ozone Formation in Houston, Texas
by Mort Webster, Junsang Nam, Yosuke Kimura, Harvey Jeffries, William Vizuete and David T. Allen, August 2007
| Full Paper [PDF]
WP-2007-007 Climate Change, Mortality, and Adaptation: Evidence from Annual Fluctuations in Weather in the US
by Olivier Deschenes and Michael Greenstone, June 2007
| Full Paper [PDF]
WP-2007-006 Technologies, Markets and Challenges for Development of the Canadian Oil Sands Industry
by Romain H. Lacombe and John E. Parsons, June 2007
| Full Paper [PDF] | Model.xls [XLS]
WP-2007-005 Assessment of U.S. Cap-and-Trade Proposals
by Paltsev, S., J. Reilly, H. Jacoby, A. Gurgel, G. Metcalf, A. Sokolov & J. Holak, April 2007
| Full Paper [PDF]
WP-2007-004 Time and Location Differentiated NOX Control in Competitive Electricity Markets Using Cap-and-Trade Mechanisms
by Katherine C. Martin, Paul L. Joskow, and A. Denny Ellerman, April 2007
| Full Paper [PDF]
WP-2007-003 Regulating Carbon Dioxide Capture and Storage
by M.A. de Figueiredo, H.J. Herzog, P.L. Joskow, K.A. Oye, and D.M. Reiner, April 2007
| Full Paper [PDF]
WP-2007-002 Public Attitudes Toward America's Energy Options - Report of the 2007 MIT Energy Survey
by Stephen Ansolabehere, March 2007
| Full Paper [PDF]
WP-2007-001 An Institutional Frame to Compare Alternative Market Designs in EU Electricity Balancing
Jean Michel Glachant and Marcelo Saguan, January 2006
| Full Paper [PDF]

2006

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WP-2006-020 Does Hazardous Waste Matter? Evidence from the Housing Market and the Superfund Program
Michael Greenstone and Justin Gallagher, September 2006
| Full Paper [PDF]
WP-2006-019 The Future of Nuclear Power in the United States: Economic and Regulatory Challenges
Paul L. Joskow, December 2006
| Full Paper [PDF]
WP-2006-018 Infrastructure Investments and Resource Adequacy in the Restructured US Natural Gas Market – Is Supply Security at Risk?
Christian von Hirschhausen, December 2006
| Full Paper [PDF]
WP-2006-017 Uncertainty in Environmental Economics
Robert S. Pindyck, November 2006
| Full Paper [PDF]
WP-2006-016 Over-Allocation or Abatement? A Preliminary Analysis of the EU ETS Based on the 2005 Emissions Data
A. Denny Ellerman and Barbara Buchner, November 2006
| Full Paper [PDF]
WP-2006-015 The Allocation of European Union Allowances: Lessons, Unifying Themes and General Principles
Barbara Buchner, Carlo Carraro and A. Denny Ellerman, September 2006
| Full Paper [PDF]
WP-2006-014 A New Era for Oil Prices
John V. Mitchell, August 2006
| Full Paper [PDF]
WP-2006-013 New Entrant and Closure Provisions: How do they distort?
A. Denny Ellerman, June 2006
| Full Paper [PDF]
WP-2006-012 Energy Prices and the Adoption of Energy-Saving Technology
Joshua Linn, April 2006
| Full Paper [PDF]
WP-2006-011 Stock Prices and the Cost of Environmental Regulation
Joshua Linn, April 2006
| Full Paper [PDF]
WP-2006-010 Long-Term contracts and Asset Specificity Revisited - An Empirical Analysis of Producer-Importer Relations in the Natural Gas Industry
by Anne Neumann and Christian von Hirschhausen, May 2006
| Full Paper [PDF]
WP-2006-009 Competitive Electricity Markets and Investment in New Generating Capacity
by Paul L. Joskow, May 2006
| Full Paper [PDF]
WP-2006-008 A simple auction mechanism for the optimal allocation of the commons
by Juan-Pablo Montero, May 2006
| Full Paper [PDF]
WP-2006-007 The Convergence of Market Designs for Adequate Generating Capacity with Special Attention to the CAISO’s Resource Adequacy Problem
by Peter Cramton and Steven Stoft, April 2006
| Full Paper [PDF]
WP-2006-006 Energy Prices and Energy Intensity in China: A Structural Decomposition Analysis and Econometrics Study
by Xiaoyu Shi and Karen R. Polenske, May 2005
| Full Paper [PDF]
WP-2006-005 Using Futures Prices to Filter Short-term Volatility and Recover a Latent, Long-term Price Series for Oil
by Miguel Herce, John E. Parsons and Robert C. Ready, April 2006
| Full Paper [PDF]
WP-2006-004 Short & long run transmission incentives for generation location
by Ralph Turvey, March 2006
| Full Paper [PDF]
WP-2006-003 Efficient bidding for hydro power plants in markets for energy and ancillary services
by Dmitri Perekhodtsev and Lester Lave, January 2006
| Full Paper [PDF]
WP-2006-002 Rational Plunging and the Option Value of Sequential Investment: The Case of Petroleum Exploration
James L. Smith and Rex Thompson, February 2006
| Full Paper [PDF]
WP-2006-001 The Economic Impacts of Climate Change: Evidence from Agricultural Profits and Random Fluctuations in Weather
Olivier Deschenes and Michael Greenstone, January 2006
| Full Paper [PDF]

2005

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WP-2005-017 $2.00 Gas! Studying the Effects of Gas Tax Moratorium
Joseph J. Doyle Jr., and Krislert Samphantharak, December 2005
| Full Paper [PDF]
WP-2005-016 Market power in a storable-good market:Theory and applications to carbon and sulfur trading
Matti Liski and Juan-Pablo Montero, November 2005
| Full Paper [PDF] Abstract , Full PDF
WP-2005-015 Electricity Internal Market in the European Union: What to do next?
Jean-Michel Glachant and François Lévêque, September 2005
| Full Paper [PDF]
WP-2005-014 Incentive Regulation in Theory and Practice: Electricity Distribution and Transmission Networks
Paul L. Joskow, September 2005
| Full Paper [PDF]
WP-2005-013 Oil and Natural Gas Reserve Prices: Addendum to CEEPR WP 03-016: Including Results for 2003 and Revisions to 2001
M. A. Adelman and G. C. Watkins, March 2005
| Full Paper [PDF]
WP-2005-012 Markets for Power in the United States: An Interim Assessment
Paul L. Joskow , August 2005
| Full Paper [PDF]
WP-2005-011 Welfare-enhancing collusion in the presence of a competitive fringe
Juan-Pablo Montero and Juan Ignacio Guzman, August 2005
| Full Paper [PDF]
WP-2005-010 The Cost of Environmental Regulation in a Concentrated Industry
Stephen Ryan, July 2005
| Full Paper [PDF]
WP-2005-009 What should the government do to encourage technical change in the energy sector?
John Deutch, March 2005
| Full Paper [PDF]
WP-2005-008 Regulation of Natural Monopolies, Paul L. Joskow
April, 2005
| Full Paper [PDF]
WP-2005-007 Diversification and the Value of Exploration Portfolios
James L. Smith and Rex Thompson, April, 2005
| Full Paper [PDF]
WP-2005-006 Forward trading and collusion in oligopoly
Matti Liski and Juan-Pablo Montero, March, 2005
| Full Paper [PDF]
WP-2005-005 The Efficiency and Robustness of Allowance Banking in the U.S. Acid Rain Program
A. Denny Ellerman and Juan-Pablo Montero, March, 2005
| Full Paper [PDF]
WP-2005-004 Patterns of Transmission Investment, Paul L. Joskow
March, 2005
| Full Paper [PDF]
WP-2005-003 Electricity Market Reform in the European Union: Review of Progress toward Liberalization & Integration
Tooraj Jamasb and Michael Pollitt, March, 2005
| Full Paper [PDF]
WP-2005-002 A Review of the Monitoring of Market Power: The Possible Roles of TSOs in Monitoring for Market Power Issues in Congested Transmission Systems
Paul Twomey, Richard Green, Karsten Neuhoff, and David Newbery, March, 2005
| Full Paper [PDF]
WP-2005-001 A Residential Energy Demand System for Spain
Xavier Labanderia, José M. Labeaga, and Miguel Rodriguez, February, 2005
| Full Paper [PDF]