The Effects of Regulation in the Presence of Multiple Unpriced Externalities: Evidence from the Transportation Sector

Bento, Antonio M.; Kaffine, Daniel T.; Roth, Kevin; Zaragoza, Matthew

doi:10.2139/ssrn.2219491

Cited by 36 publications

(37 citation statements)

References 27 publications

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“…Panel (I) reports the estimation results using LGA trips that are subject to the two-part tariff. The estimates of LGA The eighth-order polynomial has also been chosen by DiNardo and Lee [2004], Davis [2008] and Bento et al [2014] as the most parsimonious specification that adequately describes the underlying time trend with a reasonable degree of smoothness. Notes: * * * Significant at the 1 per cent level.…”

Section: Iv(iii) Main Estimation Resultsmentioning

confidence: 99%

Pricing Schemes and Seller Fraud: Evidence from New York City Taxi Rides

2017

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Section: Iv(iii) Main Estimation Resultsmentioning

confidence: 99%

Pricing Schemes and Seller Fraud: Evidence from New York City Taxi Rides

2017

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“…8 While there is ample evidence for each modeling assumption in the electricity sector there are similar characteristics in the transportation sector. Policies that allow hybrid or electric power vehicles to access HOV lanes or price solo drivers in HOV lanes are two examples (Bento et al (2014)). dirty input.…”

Section: A Theory Of Input Prices and Second-best Policiesmentioning

confidence: 99%

How Does Welfare from Load Shifting Electricity Policy Vary with Market Prices? Evidence from Bulk Storage and Electricity Generation

Holladay¹,

LaRiviere²

2018

The Energy Journal

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We show that the market and environmental benefits of bulk electricity storage systematically respond in opposite ways to a change in relative fuel prices. We develop a simple model of an electricity market with clean and dirty inputs and introduce an electricity arbitrage technology. The model demonstrates that the impact of input price changes on the market and non-market returns to bulk electricity storage move in opposite directions. We then simulate installing bulk electricity storage on the electric grid. We take advantage of an exogenous change in natural gas prices thanks to natural gas fracking to simulate how the market and non-market returns to arbitrage are affected by input prices. As expected, reductions in natural gas prices have been associated with reduced market benefits to bulk electricity storage. The non-market costs of bulk electricity storage have been reduced in most, but not all, of the country.

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“…Externalities and effectiveness of subsidies are an area of active research, both theoretical and empirical. Among recent papers are Parry and Small (2009), which develops a theory and empirically tests these in the context of urban transportation subsidies; an empirical study of externalities in the transportation sector by Bento et al (2014); an empirical study of mortgage subsidies and home ownership by Fetter 2013; a theoretical study of contracting in the presence of heterogeneous externalities by Bernstein and Winter (2012); and a theory of taxation and subsidies in a production economy by Philippon (2010). Morrison and Siegel (1999) develop a model of agglomeration externalities and estimate it for U.S. manufacturing industries, and Harstad (2007) develops a game theoretic model of political cooperation among regions that try to internalize externalities.…”

Section: Exhibit 12mentioning

confidence: 99%

The Impact of Publicly Owned Hotels on Competing Properties

Nelson

deRoos

Ukhov

2016

Cornell Hospitality Quarterly

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Substantial public subsidies, and even outright public ownership, of hotels have become common in the United States as communities target tourism as an integral economic development tool. A critical question that is increasingly being raised about the public sector entering the hotel business is, are these government-funded facilities unfair competition to properties developed by the private sector? The common reply to these concerns is that the publicly owned hotel is critical to growing demand for lodging accommodation and that once it opens, the new hotel will attract enough new business that all hotels will benefit. We use an event study to test this hypothesis across all of the 100% publicly developed hotels for which there are sufficient data to conduct the analysis. In looking at these 21 hotels, we found strong evidence that the performance of neighboring hotels worsens after the introduction of a publicly owned hotel.

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The Effects of Regulation in the Presence of Multiple Unpriced Externalities: Evidence from the Transportation Sector

Cited by 36 publications

References 27 publications

Pricing Schemes and Seller Fraud: Evidence from New York City Taxi Rides

Pricing Schemes and Seller Fraud: Evidence from New York City Taxi Rides

How Does Welfare from Load Shifting Electricity Policy Vary with Market Prices? Evidence from Bulk Storage and Electricity Generation

The Impact of Publicly Owned Hotels on Competing Properties

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