2,049 research outputs found
Vehicle Miles (Not) Traveled: Fuel Economy Requirements, Vehicle Characteristics, and Household Driving
No full textRetirement_SavingsSimply put, the less Americans drive, the less gas they use. More driving, more gas. The negative effects of gasoline consumption are well-documented, ranging from local effects of automobile pollution on individuals' health to the global impact of vehicle emissions on climate change. So what makes households drive less? In Working Paper 1607, PERC's Rex Grey Professor Mark Hoekstra, PERC's Professor of Free Enterprise Steven L. Puller, UC Santa Cruz's Jeremy West, and Texas A&M University's Jonathan Meer, examine the effects of drivers' behaviors on gasoline consumption
Vehicle Miles (Not) Traveled: Fuel Economy Requirements, Vehicle Characteristics, and Household Driving
No full textMacroeconomicsSimply put, the less Americans drive, the less gas they use. More driving, more gas. The negative effects of gasoline consumption are well-documented, ranging from local effects of automobile pollution on individuals' health to the global impact of vehicle emissions on climate change. So what makes households drive less? In Working Paper 1607, PERC's Rex Grey Professor Mark Hoekstra, PERC's Professor of Free Enterprise Steven L. Puller, UC Santa Cruz's Jeremy West, and Texas A&M University's Jonathan Meer, examine the effects of drivers' behaviors on gasoline consumption
Building Blocks: Investment in Renewable and Non-Renewable Technologies
No full textOver the last several years, there has been a nation-wide intensification of policies directed at increasing the level of renewable sources of electricity. These environmental policy changes have occurred against a backdrop of shifting economic regulation in power markets that has fundamentally redefined the mechanisms through which investors in power plants earn revenues. Rather than base payments upon costs, revenues in many regions are now based upon fluctuating energy prices and, in some cases, supplemental payments for installed capacity. This paper studies the interaction between these two major forces that are currently dominating the economic landscape of the electricity industry. Using data from the western U.S., we examine how the large-scale expansion of intermittent resources of generation could influence long-run equilibrium prices and investment decisions under differing wholesale power market designs. We find that as the level of wind penetration increases, the equilibrium investment mix of other resources shifts towards less baseload and more peaking capacity. As wind penetration increases, an “average” wind producer earns increasingly more revenue under markets with capacity payments than those that base compensation on energy revenues. Investment; Renewable Energy; Capacity Markets
M. Patrick Graham & Steven L. McKenzie (ed.), The Chronicler as Author. Studies in Text and Texture, Sheffield, Sheffield Academic Press, 1999, (Journal for the Study of the Old Testament, Supplement Series, 263), ISBN 1-84127-057-1
No full textRobert Philippe de. M. Patrick Graham & Steven L. McKenzie (ed.), The Chronicler as Author. Studies in Text and Texture, Sheffield, Sheffield Academic Press, 1999, (Journal for the Study of the Old Testament, Supplement Series, 263), ISBN 1-84127-057-1. In: Revue d'histoire et de philosophie religieuses, 80e année n°2, Avril-juin 2000. p. 297
Book Review: BlindSight: Come and See
No full textAuthor: Jane L. Toleno
Reviewer: Steven E. Brown
Publisher: Singing River, 2006
Paper, ISBN: 0-9774831-4-2, 141 pages
Cost: $14.95, US
Does Justice Have a Syntax?
No full text"Original title: Does Justice Have a Syntax? published in the Journal of Legal Education, vol. 69, no. 1 (Fall 2019); translated into Spanish by Victoria Perani. We thank the author and the Journal of Legal Education for permission to publish this article."Fil: Winter, Steven L. Universidad de Wayne State. Escuela de Leyes. Cátedra de Derecho constitucional. Detroit, Estados Unidos"Título original: Does Justice Havea Syntax?; publicado en la revista Journal of Legal Education, vol.69, nro.1 (otoño 2019); traducido al español por Victoria Perani. Agradecemos al autor y a la Revista Journal of Legal Education por permitirnos publicar el presente artículo.
Order Flow and the Formation of Dealer Bids: Information Flows and Strategic Behavior in the Government of Canada Securities Auctions
No full textIs order-flow an important component of private information possessed by traders in government securities markets? Utilizing a detailed data set on Government of Canada securities auctions, we argue that the answer is yes. Direct participation in these auctions is limited to government securities dealers. However, non-dealer customers can also submit bids through dealers. We document patterns of strategic behavior by both sides of the market, dealers and customers, that support the hypothesis that customer bids provide valuable order-flow information to dealers. Dealer bids respond to privately observed customer bids, and dealers observing customer bid can predict the auction cutoff price better. Customers also respond strategically to dealers' use of the information contained in their bids.
Steven Shapin
No full textWhat does it mean to be an academic? A public intellectual? What is the role of the universities today? Who better to ask than the people who for decades have worked, taught, struggled and lived in these places. Steven Shapin is the Franklin L. Ford Research Professor of the History of Science at Harvard University. He was part of the Science Studies Unit at Edinburgh University in the 1970s and went on to co-author the influential Leviathan and the Air-Pump: Hobbes, Boyle, and the Experimental Life. In this book you can read about his journey through the heydays of Science Studies and his thoughts on the future of universities. In the Questions & Afthoughts series you will meet some of the finest and most distinguished senior professors—you will meet living history. They are interviewed by young graduate students, who are eager to learn from past experiences of trial and error in academia, both professionally and personally.What does it mean to be an academic? A public intellectual? What is the role of the universities today? Who better to ask than the people who for decades have worked, taught, struggled and lived in these places. Steven Shapin is the Franklin L. Ford Research Professor of the History of Science at Harvard University. He was part of the Science Studies Unit at Edinburgh University in the 1970s and went on to co-author the influential Leviathan and the Air-Pump: Hobbes, Boyle, and the Experimental Life. In this book you can read about his journey through the heydays of Science Studies and his thoughts on the future of universities. In the Questions & Afthoughts series you will meet some of the finest and most distinguished senior professors—you will meet living history. They are interviewed by young graduate students, who are eager to learn from past experiences of trial and error in academia, both professionally and personally
Essays on pharmaceuticals and health care expenditures
No full textThe U.S. pharmaceutical industry has been remarkably successful in developing new treatments for many of the leading causes of morbidity and mortality. These new treatments and their high prices lead government and private parties to increase spending and raise the issue of access. Price and cost increases have stimulated insurance costs, raising questions about the value of new technologies. A key way to address the increase in pharmaceutical prices is to investigate the impact of newer therapies on overall health expenditure. There is a conflict among researchers about the benefits and costs of newer and better drugs. Some researchers argue that newer and better drugs keep people out of hospitals and provide significant cost savings. Another group of researchers argue in their work that newer drugs do not really provide significant cost savings. This dissertation investigates the impacts of break-through drug classes on overall health care expenditures. Empirical evidence presented in this dissertation shows that drugs belonging to new drug classes provide significant advances in treatment of conditions compared to other drugs. The results indicate that all new drug classes except Fluoroquinolones provide substantial cost savings on overall health care expenditures. This dissertation also explores the relations between FDA Therapeutic Drug Classification and total health care expenditures. It offers a better methodology by incorporating both the quality and the age of the drugs to capture their effects on total health care expenditures. It studies the impacts of the quality and the age of the drugs on the diseases of following therapeutic classes: musculoskeletal system and connective tissue, skin and subcutaneous tissue, neoplasm, mental disorders, nervous system and sense organs, circulatory system, respiratory system, digestive system, genitourinary system. The nature of therapeutic conditions coupled with their duration lead us to conclude that for some therapeutic categories newer priority drugs are preferable, for others newer standard drugs are better. The results suggest that there is no general rule to state that newer priority drugs decrease health care expenditures
Nonlinear Pricing Strategies and Market Concentration in the Airline Industry
No full textThis dissertation investigates the effect of market concentration on nonlinear
pricing strategies in the airline industry. The study develops a theoretical nonlinear
pricing model with both discrete product and consumer types to derive testable implications about the impact of market concentration on the structure of relative prices
within a menu of prices. The analysis then uses a unique, airline ticket level data
set to test the model predictions. The data set consists of a representative sample
of airline tickets purchased between June and December 2004 from one major Computer Reservation System (CRS), for travel in the fourth quarter of the same year.
The study restricts attention to 246 domestic routes in the United States, resulting
in 878,169 tickets. This unique data set allows us to examine the effect of market
structure conditions on relative prices within a menu of fare types with restrictive
ticket characteristics. The analysis also contributes to the understanding of how the
level of competition in a market affects the dispersion of airline prices.
The results indicate that market concentration differentially impacts high versus
low priced fares, as predicted by the theoretical model. More specifically, there is a
decrease in the ratio of high- to low-quality fares as markets become more concentrated, after controlling for numerous factors that may affect prices through costs and
market characteristics. The ratio of medium- to low-quality fares, however, increases
with less competition. From a welfare perspective, it is interesting to observe that not
all travelers are affected in the same way by a decrease in the level of competition. Business travelers, who purchase high priced fares, end up paying relatively lower
prices in more concentrated markets while leisure travelers pay more
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