David Bernstein

Federal Energy Regulatory Commission

https://www.sciencedirect.com/science/article/pii/S2211467X2300069X

This paper gives new guidance for selection of univariate non-parametric derivative estimators with non-iid errors in finite samples. It is shown via an extensive set of Monte Carlo simulations that the generalized CP criterion of Charnigo et al. (A generalized CP criterion for derivative estimation. Technometrics. 2011;53:238–253.) with spline smo...

This paper presents an analysis of a nationally representative (n = 1,002) telephone survey conducted in Qatar on habits, perceptions, and religious attitudes related to water use. Our empirical analysis yields three main findings. When asked whether religious obligation was a reason to save water, 89% of respondents agreed with the statement, show...

The COVID-19 pandemic resulted in the most abrupt changes in U.S. labor force participation and unemployment since the Second World War, with different consequences for men and women. This paper models the U.S. labor market to help to interpret the pandemic’s effects. After replicating and extending Emerson’s (2011) model of the labor market, we fo...

Increasing energy efficiency is a key global policy goal for climate protection. An important step toward an optimal reduction of energy consumption is the identification of energy saving potentials in different sectors and the best strategies for increasing efficiency. This paper analyzes these potentials in the household sector by estimating the...

Does the presence of inefficiency affect estimation of the production function? This paper shows that one cannot ignore inefficiency in estimating the production function simply because standard neoclassical production theory does not recognize its existence. Exclusion of inefficiency can cause inconsistency in the estimates of the technology param...

This paper utilizes cutting-edge panel stochastic frontier electricity production models to measure the impact of state and federal regulations on United States (U.S.) natural gas fired power plants from 1994 to 2016. Using an expansive dataset, I simultaneously account for plant specific heterogeneity as well as time varying and persistent ineffic...

We consider cointegration tests in the situation where the cointegration rank is deficient. This situation is of interest in finite sample analysis and in relation to recent work on identification robust cointegration inference. We derive asymptotic theory for tests for cointegration rank and for hypotheses on the cointegrating vectors. The limitin...

The seasonally adjusted civilian labor force participation rate, the sum of employed and unemployed persons as a percentage of the civilian non-institutional population, is analysed in the general to specific modelling framework with a saturating set of step indicators from January 1977 through June 2018. The results indicate that, ceteris paribus,...

We replicate the findings of two influential studies on returns to scale in the United States electricity generation market. The main results are contrasted using both local-linear nonparametric regression, a technique robust to parametric functional form assumptions, as well as an updated data set. While the quantitative findings across all of the...