Author: Stephen Paul Adolph Brown
Publisher:
ISBN:
Category : Petroleum products
Languages : en
Pages : 42

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Author: Stephen Paul Adolph Brown
Publisher:
ISBN:
Category : Business cycles
Languages : en
Pages : 32

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Author: Knut Anton Mork
Publisher:
ISBN:
Category : Political Science
Languages : en
Pages : 200

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Author: Julio J. Rotemberg
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

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Book Description
This paper shows that the output losses from energy taxes are significantly larger than usually computed when due account is taken of imperfect competition among energy using firms. Even with perfect competition among these firms, the loss in GNP is of the same order of magnitude as the revenue raised by these taxes. However, in the presence of imperfect competition the output losses are much higher. There are particularly large transitory losses in the immediate aftermath of energy price increases when firms act as implicitly colluding oligopolists. These losses become considerably smaller if energy taxes are phased-in. We also show that taxes that affect only household consumption of energy have much smaller effects. In particular, for the empirically plausible parameter values we consider, such taxes have no effect on employment or output in the non-energy sector.

Author: National Research Council
Publisher: National Academies Press
ISBN: 0309036771
Category : Political Science
Languages : en
Pages : 186

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This volume surveys the complex relationships between economic activity and electricity use, showing how trends in the growth of electricity demand may be affected by changes in the economy, and examining the connection between the use of electrotechnologies and productivity. With a mix of historical perspective, technical analysis, and synthesis of econometric findings, the book brings together a summary of the work of leading national experts.

Author: Julio Rotemberg
Publisher:
ISBN:
Category : Energy tax
Languages : en
Pages : 36

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Book Description
This paper shows that the output losses from energy taxes are significantly larger than usually computed when due account is taken of imperfect competition among energy using firms. Even with perfect competition among these firms, the loss in GNP is of the same order of magnitude as the revenue raised by these taxes. However, in the presence of imperfect competition the output losses are much higher. There are particularly large transitory losses in the immediate aftermath of energy price increases when firms act as implicitly colluding oligopolists. These losses become considerably smaller if energy taxes are phased-in. We also show that taxes that affect only household consumption of energy have much smaller effects. In particular, for the empirically plausible parameter values we consider, such taxes have no effect on employment or output in the non-energy sector

Author: Douglas R. Bohi
Publisher: Routledge
ISBN: 1317366433
Category : Business & Economics
Languages : en
Pages : 96

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Book Description
The oil price shocks of the 1970’s led to severe recessions in the 1980’s in the United States. Originally published in 1989 in the aftermath, Bohi attempts to show both how energy prices can cause a decline in output and employment and to explore important other factors which led to the recessions using the US, United Kingdom, Japan and Germany as examples. The findings in Energy Price Shocks and Macroeconomic Performance have major implications for energy policy and questions government plans which focus solely on preventing another oil supply disruption. This title will be of interest to students of environmental studies and economics as well as professionals.

Author:
Publisher:
ISBN:
Category : Energy consumption
Languages : en
Pages : 40

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Author: Stanford University. Energy Modeling Forum
Publisher:
ISBN:
Category :
Languages : en
Pages : 68

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Author: Julio Rotemberg
Publisher:
ISBN:
Category : Competition
Languages : en
Pages : 60

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Book Description
We show that modifying the standard neoclassical growth model by assuming that competition is imperfect makes it easier to explain the size of the declines in output and real wages that follow increases in the price of oil. Plausibly parameterized models of this type are able to mimic the response of output and real wages in the United States. The responses are particularly consistent with a model of implicit collusion where markups depend positively on the ratio of the expected present value of future profits to the current level of output.