Author Archives: Maximilian Auffhammer

About Maximilian Auffhammer

Maximilian Auffhammer is the George Pardee Associate Professor of International Sustainable Development at the University of California Berkeley. His fields of expertise are environmental and energy economics, with a specific focus on the impacts and regulation of climate change and air pollution.

What we don’t know about economic climate change impacts

A relatively recent econometric literature examines the impact of weather/climate on a variety of outcomes of economic interest. In order to provide an estimate of a climate impact you need two things: An estimate of how a sector responds to … Continue reading

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The Yoga Theorem

With yesterday’s historical release of the EPA’s new carbon emissions policy, I took an extra day to comb through and digest the news. I have organized my intermediate microeconomics class around something called the “Yoga Theorem.” This almost universal truth … Continue reading

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Your tax dollars hard at work. EIA’s new data portals.

We empirical economists get very excited about finding or generating new data sets. There are big returns to splicing together different data sources to answer new and interesting questions. This is hard work and not everyone is good at it. … Continue reading

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It just doesn’t add up. Why I think not building Keystone XL will likely leave a billion barrels worth of bitumen in the ground.

I am not a fan of blanket statements. Whenever oil sands come up in casual conversation, many of my economist friends argue that “the stuff will come out of the ground whether we like it or not”. When the discussion … Continue reading

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Why the cool kids are flocking to energy and not water economics

Why do kids like to go to birthday parties? Because there is lots of sugar and other kids. Academic economists are not that different. Energy economics has attracted a lot of new bright minds both young and not so young. … Continue reading

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Slutsky strikes again: Greece’s air pollution problem

Greece is currently in one of the worst recessions in post war history and incomes are down across the board. Air pollution levels, however, are at their worst levels in decades. Major Greek cities like Thessaloniki and Athens are experiencing … Continue reading

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Learning by using

Rob Stavins (Harvard) and Richard Newell (Duke) put together a most excellent workshop, which brought together one possible all-star team of energy economists to discuss the energy efficiency gap (the wedge between the cost-minimizing level of energy efficiency investment and … Continue reading

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Leaking Pet Coke

Blogging is much harder when all government websites I rely on for my morning entertainment are shut down. This past week, mostly due to a few inquiries from reporters, I have learned a lot about Petroleum Coke. For those of … Continue reading

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Valuing public transportation systems

Econometricians and Hollywood producers have one thing in common: We make a living pitching cool counterfactuals. My whip smart (and recently tenured) colleague Michael Anderson has a new paper which answers the question of how congested LA highways would be … Continue reading

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Diesel me this, Diesel me that.

One of the many perks of being a professor is that we get to choose where we spend our summers. I often take my family to the home of soccer, beer, and renewables – Germany. The place has changed quite … Continue reading

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