Learning from supply shocks in the energy market : evidence from local and global impacts of the shale revolution

In this thesis, we carry out three studies of the local and global impacts of supply shocks in energy markets, and also analyze certain properties of these markets. First, the relationship between US power plants and local air pollution is assessed from 2003 to 2016, by exploiting the information provided by the large deviations that occurred during that period due to the shale revolution. Next, fossil fuel trade is analyzed from a networks perspective, quantifying its properties. Finally, a general equilibrium model of fossil fuel trade is constructed to simulate the impact of a supply shock to a given country and in order to understand the impact of the shale revolution.

Name thesis:degree_name

Master

Department dc:contributor.department

Massachusetts Institute of Technology. Institute for Data, Systems, and Society

Grantor dc:publisher

Massachusetts Institute of Technology

Year dc:date.issued

2020

Author dc:creator

• Ozaltun, Bora.

Advisor dc:contributor.advisor

• Christopher R. Knittel.

• Institute for Data, Systems, and Society.
• Technology and Policy Program.
• Electrical Engineering and Computer Science.

Statement dc:rights

• MIT theses may be protected by copyright. Please reuse MIT thesis content according to the MIT Libraries Permissions Policy, which is available through the URL provided.

Licence dc:rights.uri

• http://dspace.mit.edu/handle/1721.1/7582

Language dc:language.iso

eng

Handle dc:identifier.uri

https://hdl.handle.net/1721.1/127174

OAI identifier oai:identifier

oai:dspace.mit.edu:1721.1/127174