| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w24025 |
| 来源ID | Working Paper 24025 |
| Pass-Through of Own and Rival Cost Shocks: Evidence from the U.S. Fracking Boom | |
| Erich Muehlegger; Richard L. Sweeney | |
| 发表日期 | 2017-11-20 |
| 出版年 | 2017 |
| 语种 | 英语 |
| 摘要 | In imperfectly competitive settings, a firm's price depends on its own costs as well as those of its competitors. We demonstrate that this has important implications for the estimation and interpretation of pass-through. Leveraging a large input cost shock resulting from the fracking boom, we isolate price responses to firm-specific, regional and industry-wide input cost shocks in the US oil refining industry. The pass-through of these components vary from near zero to full pass-through, reconciling seemingly disparate results from the literature. We illustrate the policy implications of rival cost pass-through in the context of a tax on refinery carbon emissions. |
| 主题 | Public Economics ; Taxation ; Environmental and Resource Economics ; Energy ; Environment |
| URL | https://www.nber.org/papers/w24025 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/581699 |
| 推荐引用方式 GB/T 7714 | Erich Muehlegger,Richard L. Sweeney. Pass-Through of Own and Rival Cost Shocks: Evidence from the U.S. Fracking Boom. 2017. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w24025.pdf（830KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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