Environmental and Energy Economics III

Course Details
Instructor: 
Days: 
M
Time: 
3:00 PM - 5:50 PM
Course Information
Quarter: 
Spring 2017
Course Number: 
44340
Section: 
01
Notes: 
This is a PhD Level course; Part of a 3 course sequence
Course Description:

Optimal environmental regulation requires an analysis of the trade-os between market and regulatory
imperfections. Market allocations are inecient in the presence of imperfections such as externalities,
market power, and informational asymmetries. On the other hand, government intervention to mitigate
these imperfections is not costless, and can even make market performance worse. This course focuses on
recent empirical analysis of the costs and benefits of environmental and energy policies, including an
introduction to the relevant econometric methodologies such as randomized controlled trials, regression
discontinuity designs, bunching analysis, and structural estimation. Topics will include: energy demand and
the energy eciency gap, fuel economy and appliance eciency standards, non-linear and real-time
electricity pricing, wholesale electricity markets, renewable electricity policies, natural gas markets, retail
gasoline markets, and technology innovations.