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Environmental and Energy Policy and the Economy

Volume 3

This volume presents six new papers on environmental and energy economics and policy in the United States. Rebecca Davis, J. Scott Holladay, and Charles Sims analyze recent trends in and forecasts of coal-fired power plant retirements with and without new climate policy. Severin Borenstein and James Bushnell examine the efficiency of pricing for electricity, natural gas, and gasoline. James Archsmith, Erich Muehlegger, and David Rapson provide a prospective analysis of future pathways for electric vehicle adoption. Kenneth Gillingham considers the consequences of such pathways for the design of fuel vehicle economy standards. Frank Wolak investigates the long-term resource adequacy in wholesale electricity markets with significant intermittent renewables. Finally, Barbara Annicchiarico, Stefano Carattini, Carolyn Fischer, and Garth Heutel review the state of research on the interactions between business cycles and environmental policy.

Table of Contents

Introduction
Matthew J. Kotchen, Tatyana Deryugina, and James H. Stock

1. Coal-Fired Power Plant Retirements in the US
Rebecca J. Davis, J. Scott Holladay, and Charles Sims

2. Headwinds and Tailwinds: Implications of Inefficient Retail Energy Pricing for Energy Substitution
Severin Borenstein and James B. Bushnell

3. Future Paths of Electric Vehicle Adoption in the United States: Predictable Determinants, Obstacles, and Opportunities
James Archsmith, Erich Muehlegger, and David S. Rapson

4. Designing Fuel-Economy Standards in Light of Electric Vehicles
Kenneth T. Gillingham

5. Long-Term Resource Adequacy in Wholesale Electricity Markets with Significant Intermittent Renewables
Frank A. Wolak

6. Business Cycles and Environmental Policy: A Primer
Barbara Annicchiarico, Stefano Carattini, Carolyn Fischer, and Garth Heutel

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