Using data over the period 2000-2020 for all seven wholesale power markets in the United States, we show that time-of-use electricity pricing schemes are poorly correlated with real-time wholesale market prices and that this phenomenon is widespread across space and time.…Read More
What is a feasible and efficient policy to regulate air pollution from vehicles? A Pigouvian tax is technologically infeasible. Most countries instead rely on exhaust standards that limit air pollution emissions per mile for new vehicles. We assess the effectiveness and efficiency of these standards, which are the centerpiece of US Clean Air Act regulation of transportation, and counterfactual policies.…Read More
The objective of this project is to document a striking example of government-induced innovation from air pollution policies for passenger transportation and advance knowledge on the effectiveness and efficiency of such policies.…Read More
