Publications

EPIC research includes peer-reviewed publications, working papers, and other data-driven analyses answering a broad range of research questions.
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Working Paper·Oct 25, 2023

Environmental Consequences of Hydrocarbon Infrastructure Policy

By Thomas Covert and Ryan Kellogg We study policies that aim to “keep carbon in the ground” by blocking fossil...
Working Paper·Jan 30, 2022

Relinquishing Riches: Auctions vs Informal Negotiations in Texas Oil and Gas Leasing

Thom Covert This paper compares outcomes from informally negotiated oil and gas leases to those awarded via centralized auction. We...
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Working Paper·Sep 25, 2017

Crude by Rail, Option Value, and Pipeline Investment

Thom Covert, Ryan Kellogg The recent large-scale use of railroads to transport crude oil out of newly discovered shale formations...
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Journal Article·Feb 3, 2016

Will We Ever Stop Using Fossil Fuels?

Journal of Economic Perspectives
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Working Paper·Feb 22, 2015

Experiential and Social Learning in Firms: The Case of Hydraulic Fracturing in the Bakken Shale

Thom Covert Little is known about how firms learn to use new technologies. Using novel data on inputs, profits, and...
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