Though imperfect, Corporate Average Fuel Economy standards have made US cars go farther on a gallon of gas. Customers line up to buy gasoline in San Jose, California, on March … Continue Reading Does CAFE Work?
Transportation agencies need to be prepared before inviting private investment in infrastructure. Last month President Trump released his plan to “rebuild our Nation’s crumbling infrastructure.” While it is not uncommon … Continue Reading Lessons from Utilities for Trump’s Infrastructure Plan
Moving to a foreign country has a way of spurring experiments with lifestyle change. Our family has temporarily relocated to Switzerland where my kids have happily adjusted to the Swiss … Continue Reading The Sharing Economy is Learning How to Ride a Bike
Fat margins in rail shipping are likely to partially absorb a price on carbon. Discussions of U.S. coal policy generally focus on coal mining or coal burning, but hardly ever … Continue Reading The Cushion in Coal Markets that Will Make it Harder to Kill
Externalities from shipping crude by rail are still disproportionally larger than those from pipeline transport. My twitter feed exploded late last week. And no, I am not talking about the … Continue Reading The Keystone Pipeline’s XL-ish Spill
UPDATE: The day after I posted this blog, I learned that the tax structure problem that I noted here was actually largely corrected by the same legislation (SB1) that introduced … Continue Reading California’s Real Gasoline “Tax” Problems
Would Autonomous Electric Vehicles Eliminate Transportation Externalities? After one of the many fun and inspiring lunch conversations here at the Energy Institute, I realized that my thoughts on the economic … Continue Reading The Economics of an Electrified Autonomous Future
There are two fundamental, and fundamentally different, barriers to pricing greenhouse gases. The one economists tend to focus on is the economy-wide cost of reducing emissions: substituting to lower-carbon and … Continue Reading Creative Pie Slicing To Address Climate Policy Opposition
Cleaner gasoline could be the key to reducing ozone in Mexico City. This Spring, Mexico City has been choking under some of its worst smog conditions in years. The problem is ozone. … Continue Reading Stop Blaming Drivers for Mexico City’s Smog
How a “little” California vehicle standard prevented an urban “airmaggedon” My midlife crisis did not lead to me to buy a German convertible — which would assist me in tanning … Continue Reading Save the California Waiver!
Economists have long complained about Fuel Efficiency standards. Are we happy now? The past 50 days felt like the beginning of a game of environmental policy Jenga. The new administration … Continue Reading A Tale of Two Standards
There are lots of government policies that economists like to roll their collective eyes about and use as examples of bad incentives in economics textbooks. In many cases these policies … Continue Reading Does Anyone Really Know How Much Electricity Goes into Cars?
Uncertainty about U.S. environmental policies creates an incentive for films to delay investments. Large-scale changes are anticipated for U.S. environmental policies heading into 2017. The new administration has promised a … Continue Reading Policy Uncertainty Discourages Innovation and Hurts the Environment
Many people thought U.S. gasoline consumption had already peaked. They were wrong. August was the biggest month ever for U.S. gasoline consumption. Americans used a staggering 9.7 million barrels per … Continue Reading Addicted to Oil: U.S. Gasoline Consumption is Higher than Ever
We have a momentous event coming up in my household: my son will turn 16 at the end of the month and will – if the DMV gods are agreeable … Continue Reading The Future of (Not) Driving
I spend a lot of time describing unicorns in my undergraduate classroom. And by unicorns, I mean perfectly competitive markets and their features. If you’re a little rusty on this … Continue Reading Cartels Work Unless They Don’t