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Efficiency in energy production and ...

University of California, Berkeley.

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Efficiency in energy production and consumption.

Record Type:	Language materials, printed : Monograph/item
Title/Author:	Efficiency in energy production and consumption./
Author:	Kellogg, Ryan Mayer.
Description:	142 p.
Notes:	Advisers: Severin Borenstein; Jeffrey Perloff.
Contained By:	Dissertation Abstracts International69-09A.
Subject:	Economics, Agricultural. -
Online resource:	http://pqdd.sinica.edu.tw/twdaoeng/servlet/advanced?query=3331677
ISBN:	9780549833468

Efficiency in energy production and consumption.
Kellogg, Ryan Mayer.

Efficiency in energy production and consumption. - 142 p.

Advisers: Severin Borenstein; Jeffrey Perloff.

Thesis (Ph.D.)--University of California, Berkeley, 2008.

This dissertation deals with economic efficiency in the energy industry and consists of three parts. The first examines how joint experience between pairs of firms working together in oil and gas drilling improves productivity. Part two asks whether oil producers time their drilling optimally by taking real options effects into consideration. Finally, I investigate the efficiency with which energy is consumed, asking whether extending Daylight Saving Time (DST) reduces electricity use.

ISBN: 9780549833468Subjects--Topical Terms:

626648
Economics, Agricultural.

Efficiency in energy production and consumption.
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020 $a 9780549833468
035 $a (UMI)AAI3331677
035 $a AAI3331677
040 $a UMI $c UMI
100 1 $a Kellogg, Ryan Mayer. $3 1027923
245 1 0 $a Efficiency in energy production and consumption.
300 $a 142 p.
500 $a Advisers: Severin Borenstein; Jeffrey Perloff.
500 $a Source: Dissertation Abstracts International, Volume: 69-09, Section: A, page: 3650.
502 $a Thesis (Ph.D.)--University of California, Berkeley, 2008.
520 $a This dissertation deals with economic efficiency in the energy industry and consists of three parts. The first examines how joint experience between pairs of firms working together in oil and gas drilling improves productivity. Part two asks whether oil producers time their drilling optimally by taking real options effects into consideration. Finally, I investigate the efficiency with which energy is consumed, asking whether extending Daylight Saving Time (DST) reduces electricity use.
520 $a The chapter "Learning by Drilling: Inter-Firm Learning and Relationship Persistence in the Texas Oilpatch" examines how oil production companies and the drilling rigs they hire improve drilling productivity by learning through joint experience. I find that the joint productivity of a lead firm and its drilling contractor is enhanced significantly as they accumulate experience working together. Moreover, this result is robust to other relationship specificities and standard firm-specific learning-by-doing effects.
520 $a The second chapter, "Drill Now or Drill Later: The Effect of Expected Volatility on Investment," investigates the extent to which firms' drilling behavior accords with a key prescription of real options theory: irreversible investments such as drilling should be deferred when the expected volatility of the investments' payoffs increases. I combine detailed data on oil drilling with expectations of future oil price volatility that I derive from the NYMEX futures options market. Conditioning on expected price levels, I find that oil production companies significantly reduce the number of wells they drill when expected price volatility is high.
520 $a I conclude with "Daylight Time and Energy: Evidence from an Australian Experiment," co-authored with Hendrik Wolff. This chapter assesses DST's impact on electricity demand using a quasi-experiment in which parts of Australia extended DST in 2000 to facilitate the Sydney Olympics. We show that the extension did not reduce overall electricity consumption, but did cause a substantial intra-day shift in demand consistent with activity patterns that are tied to the clock rather than sunrise and sunset.
590 $a School code: 0028.
650 4 $a Economics, Agricultural. $3 626648
650 4 $a Economics, General. $3 1017424
650 4 $a Energy. $3 876794
690 $a 0501
690 $a 0503
690 $a 0791
710 2 $a University of California, Berkeley. $3 687832
773 0 $t Dissertation Abstracts International $g 69-09A.
790 $a 0028
790 1 0 $a Borenstein, Severin, $e advisor
790 1 0 $a Perloff, Jeffrey, $e advisor
791 $a Ph.D.
792 $a 2008
856 4 0 $u http://pqdd.sinica.edu.tw/twdaoeng/servlet/advanced?query=3331677