(Forthcoming Article) - Accelerated investment in electricity transmission could reduce total costs and enhance renewable integration. I document static allocative inefficiencies induced by incomplete...

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1.  Coal-fired electricity generation is essential to ensuring that our Nation's grid is reliable and that electricity is affordable for the

(February 2025) - Firms expect to recover the fixed costs required to start production by earning positive operating profits in subsequent periods. We develop a dynamic competitive benchmark that acco...

Abstract. This paper examines the impact of denying a wanted abortion on women and children in Colombia using high-quality administrative microdata and cre

Fannie Mae and Freddie Mac know increasing floods and wildfires are a problem. Dealing with them, however, would require trade-offs.

Founded in 1920, the NBER is a private, non-profit, non-partisan organization dedicated to conducting economic research and to disseminating research findings among academics, public policy makers, an...

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