| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w22532 |
| 来源ID | Working Paper 22532 |
| Trophy Hunting vs. Manufacturing Energy: The Price-Responsiveness of Shale Gas | |
| Richard G. Newell; Brian C. Prest; Ashley Vissing | |
| 发表日期 | 2016-08-22 |
| 出版年 | 2016 |
| 语种 | 英语 |
| 摘要 | We analyze the relative price elasticity of unconventional versus conventional natural gas extraction. We separately analyze three key stages of gas production: drilling wells, completing wells, and producing natural gas from the completed wells. We find that the important margin is drilling investment, and neither production from existing wells nor completion times respond strongly to prices. We estimate a long-run drilling elasticity of 0.7 for both conventional and unconventional sources. Nonetheless, because unconventional wells produce on average 2.7 times more gas per well than conventional ones, the long-run price responsiveness of supply is almost 3 times larger for unconventional compared to conventional gas. |
| 主题 | Microeconomics ; Households and Firms ; Industrial Organization ; Industry Studies ; Environmental and Resource Economics ; Energy |
| URL | https://www.nber.org/papers/w22532 |
| 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/580206 |
| 推荐引用方式 GB/T 7714 | Richard G. Newell,Brian C. Prest,Ashley Vissing. Trophy Hunting vs. Manufacturing Energy: The Price-Responsiveness of Shale Gas. 2016. |
| 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 | ||
| w22532.pdf（468KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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