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Industrial Energy Regulation: The Role of Business Conglomerates in China

By Qiaoyi Chen, Zhao Chen, Zhikuo Liu, Juan Carlos Suárez Serrato, and Daniel Yi Xu

AEA Papers and Proceedings, May 2021

This paper characterizes the importance of ownership networks of firms that are subject to a prominent energy regulation in China: the Top 1000 Enterprises Energy-Saving Program. We use data on the activities of regulated and unregulated firms that are pa...

Estimating the Elasticity to Real-Time Pricing: Evidence from the Spanish Electricity Market

By Natalia Fabra, David Rapson, Mar Reguant, and Jingyuan Wang

AEA Papers and Proceedings, May 2021

We estimate consumer response to the first large-scale real-time electricity pricing (RTP) program. In 2015, RTP became the default tariff for residential customers in Spain, exposing them to prices that vary hourly based on day-ahead wholesale prices. Us...

Pure-Chance Jobs versus a Labor Market: The Impact on Careers of a Random Serial Dictatorship for First Job Seekers

By Ashna Arora, Leonard Goff, and Jonas Hjort

AEA Papers and Proceedings, May 2021

Do workers' first jobs affect their careers? Do such first-job effects (FJEs) vary across worker types? If so, can policy improve upon a "free" labor market by altering initial worker-employer matches? We study these questions using Norway's pre–2013 sy...