Environmental implications of market structure: Shale gas and electricity markets

We examine the environmental implications of market structure using the exogenous variation in the price of natural gas paid by U.S. electric power producers in the aftermath of the Shale Boom. We find that electric power producers were more responsive to fuel prices in vertically integrated markets...

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Bibliographic Details
Main Authors: Knittel, Christopher Roland, Metaxoglou, Konstantinos, Trindade, André
Other Authors: Sloan School of Management
Format: Article
Language:English
Published: Elsevier BV 2021
Online Access:https://hdl.handle.net/1721.1/130160