Past Event

Energy Economics & Finance Seminar

WednesdayMarch 28, 2018 4:00 - 5:00 PM Kleinman | Free Event Register Here
Location
Kleinman Classroom
220 S. 34th St. Fisher Fine Arts Building, Room 306
19104 Philadelphia , PA
United States
Pennsylvania US
Contact Information

If you are interested in attending, please contact:

Arthur van Benthem (arthurv@wharton.upenn.edu)

  • Erik Gilje
    Wharton

Paper Title: “Investment Productivity and Coordination Frictions Across Firms”

Abstract: We study how investment productivity is affected by coordination frictions among firms.  Our study focuses on shale drilling in which the operator of a prospective shale well must negotiate with multiple firms that own drilling rights.  We use plausibly exogenous variation in the number of firms with drilling rights and document that investment is less productive as the number of firms to negotiate with increases.  Well-defined property rights are an important factor for long-run economic growth, however, this paper documents that property rights without proper coordination mechanisms can lead to less efficient investment.


This seminar series in Energy Economics & Finance (EEF) is organized by Arthur van Benthem and hosted by the Kleinman Center.

The scope of the seminar includes regulation and policy papers. The scope of the seminar also includes environmental and transportation issues, as long as there is a connection with energy. Sessions are biweekly on Wednesdays (see dates below) from 4:00 p.m. – 5:00 p.m in the Kleinman Center classroom—Fisher Fine Arts Room 306.

Beer, wine, and snacks are served! For more information or to attend a session, please contact Arthur van Benthem (arthurv@wharton.upenn.edu).

 
Spring 2018 Schedule
 
  • 1/31: Jesse Jenkins (MIT)
  • 3/14: Akshaya Jha (CMU Heinz)
  • 3/28: Erik Gilje (Wharton)
  • 4/11: Ashley Vissing (Chicago Economics)
  • 4/25: Jing Li (MIT Sloan)
  • 5/2: Arthur van Benthem (Wharton)
  • 5/9: Christina Simeone & Thomas Lee (Kleinman Center)