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PROFILE | Zhongmin Wang’s research focuses primarily on energy-related economic issues. He has studied pricing, competition, regulatory, and environmental issues related to oil, gasoline, natural gas, and alternative transport fuels. He has estimated gasoline demand, examined the competitive impact of supermarkets’ entry into gasoline retailing, and studied the evolution of the natural gas industry in the United States, as well as the pricing of liquefied petroleum gas in Australia. Wang has started to research China’s energy and environmental issues, and is also interested in the economics of online markets. His work has appeared in the Journal of Political Economy. |
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| Featured Publications | | (Mixed) Strategy in Oligopoly Pricing: Evidence from Gasoline Price Cycles Before and Under a Timing Regulation | | | Journal of Political Economy | December 2009 | 117(6) | 987-1030 | | | | Station Level Gasoline Demand in an Australian Market with Regular Price Cycles | | | Journal of Agricultural and Resources Economics | October 2009 | Vol. 53 | pp. 35-52 | | | | Collusive Communication and Pricing Coordination in a Retail Gasoline Market | | | Review of Industrial Organization | February 2008 | 32(1) | pp. 35-52 | | | | Assessing the Degree of Spot Market Integration for US Natural Gas: Evidence from Daily Price Data | | | Journal of Regulatory Economics | March 2006 | Vol. 29, No. 2 | pp. 195-210 | | | | Settling Utility Rate Cases: An Alternative Ratemaking Procedure | | | Journal of Regulatory Economics | September 2004 | Vol. 26, No. 2 | pp. 141-163 | | | | View All Related Publications |
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DISCUSSION PAPERS | | A Retrospective Review of Shale Gas Development in the United States: What Led to the Boom? | | Zhongmin Wang, Alan J. Krupnick | | RFF Discussion Paper 13-12 | April 2013 | Abstract: This is the first academic paper that reviews the economic, policy, and technology history of shale gas development in the United States. The primary objective of the paper is to answer the question of what led to the shale gas boom in the United States to help inform stakeholders in those countries that are attempting to develop their own shale gas resources. This paper is also a case study of the incentive, process, and impact of technology innovations and the role of government in promoting technology innovations in the energy industry. Our review finds that government policy, private entrepreneurship, technology innovations, private land and mineral rights ownership, high natural gas prices in the 2000s, and a number of other factors all made important contributions to the shale gas boom. | | | |
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