Details about Brian Charles Prest

Access statistics for papers by Brian Charles Prest.

Last updated 2025-05-15. Update your information in the RePEc Author Service.

Short-id: ppr415

Working Papers

2025

1. Where Does the Marginal Methane Molecule Come From? Implications of LNG Exports for US Natural Gas Supply and Methane Emissions
   RFF Working Paper Series, Resources for the Future

2024

2. Accounting for Biodiversity Loss Raises the Social Cost of CO2
   RFF Working Paper Series, Resources for the Future

2023

3. Assessing the Future of Oil and Gas Production and Local Government Revenue in Five Western US Basins
   RFF Working Paper Series, Resources for the Future
   See also Journal Article Assessing the Future of Oil and Gas Production and Local Government Revenue in Five Western US Basins, The Energy Journal (2025) (2025)
4. Disentangling the Roles of Growth Uncertainty, Discounting, and the Climate Beta on the Social Cost of Carbon
   RFF Working Paper Series, Resources for the Future
5. Estimating the Emissions Reductions from Supply-side Fossil Fuel Interventions
   RFF Working Paper Series, Resources for the Future
   See also Journal Article Estimating the emissions reductions from supply-side fossil fuel interventions, Energy Economics, Elsevier (2024) (2024)
6. The Shadow Price of Capital: Accounting for Capital Displacement in Benefit–Cost Analysis
   RFF Working Paper Series, Resources for the Future
   See also Chapter The Shadow Price of Capital: Accounting for Capital Displacement in Benefit-Cost Analysis, NBER Chapters, National Bureau of Economic Research, Inc (2023) (2023)
   Journal Article The Shadow Price of Capital: Accounting for Capital Displacement in Benefit-Cost Analysis, Environmental and Energy Policy and the Economy, University of Chicago Press (2024) (2024)
7. The Shadow Price of Capital: Accounting for Capital Displacement in Cost Benefit Analysis
   NBER Working Papers, National Bureau of Economic Research, Inc
8. What Are the Climate, Air Pollution, and Health Benefits of Electric Vehicles?
   RFF Working Paper Series, Resources for the Future

2022

9. Emissions-Weighted Carbon Price: Sources and Methods
   RFF Working Paper Series, Resources for the Future
10. The Social Cost of Carbon with Intragenerational Inequality under Economic Uncertainty
    RFF Working Paper Series, Resources for the Future View citations (1)

2021

11. A Discounting Rule for the Social Cost of Carbon
    RFF Working Paper Series, Resources for the Future
    See also Journal Article A Discounting Rule for the Social Cost of Carbon, Journal of the Association of Environmental and Resource Economists, University of Chicago Press (2022) View citations (16) (2022)
12. Climate Royalty Surcharges
    RFF Working Paper Series, Resources for the Future View citations (4)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2021) View citations (4)
    See also Journal Article Climate royalty surcharges, Journal of Environmental Economics and Management, Elsevier (2023) (2023)
13. Effects of Climate Change on Heat- and Cold-Related Mortality: A Literature Review to Inform Updated Estimates of the Social Cost of Carbon
    RFF Working Paper Series, Resources for the Future
14. RCTs Against the Machine: Can Machine Learning Prediction Methods Recover Experimental Treatment Effects?
    RFF Working Paper Series, Resources for the Future
    See also Journal Article RCTs against the Machine: Can Machine Learning Prediction Methods Recover Experimental Treatment Effects?, Journal of the Association of Environmental and Resource Economists, University of Chicago Press (2023) View citations (4) (2023)
15. The Social Cost of Carbon: Advances in Long-Term Probabilistic Projections of Population, GDP, Emissions, and Discount Rates
    RFF Working Paper Series, Resources for the Future View citations (5)
    See also Journal Article The Social Cost of Carbon: Advances in Long-Term Probabilistic Projections of Population, GDP, Emissions, and Discount Rates, Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution (2021) View citations (4) (2021)

2020

16. Supply-Side Reforms to Oil and Gas Production on Federal Lands: Modeling the Implications for Climate Emissions, Revenues, and Production Shifts
    RFF Working Paper Series, Resources for the Future
17. The GDP Temperature Relationship: Implications for Climate Change Damages
    RFF Working Paper Series, Resources for the Future
    See also Journal Article The GDP-Temperature relationship: Implications for climate change damages, Journal of Environmental Economics and Management, Elsevier (2021) View citations (73) (2021)

2017

18. Informing SPR Policy Through Oil Futures and Inventory Dynamics
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (11)
    Also in RFF Working Paper Series, Resources for the Future (2017) View citations (2)
19. Is the US the New Swing Producer? The Price-Responsiveness of Tight Oil
    RFF Working Paper Series, Resources for the Future
20. The Unconventional Oil Supply Boom: Aggregate Price Response from Microdata
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (12)
    See also Journal Article The Unconventional Oil Supply Boom: Aggregate Price Response from Microdata, The Energy Journal, International Association for Energy Economics (2019) View citations (72) (2019)

2016

21. Prices versus Quantities with Policy Updating
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (21)
    See also Journal Article Prices versus Quantities with Policy Updating, Journal of the Association of Environmental and Resource Economists, University of Chicago Press (2020) View citations (18) (2020)
22. Trophy Hunting vs. Manufacturing Energy: The Price-Responsiveness of Shale Gas
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (21)
23. Trophy Hunting vs. Manufacturing Energy: The Price-Responsiveness of Shale Gas Abstract: We analyze the relative price elasticity of unconventional versus conventional natural gas extraction. We separately analyze three key stages of gas production: drilling wells, completing wells, and producing natural gas from the completed wells. We find that the important margin is drilling investment, and neither production from existing wells nor completion times respond strongly to prices. We estimate a long-run drilling elasticity of 0.7 for both conventional and unconventional sources. Nonetheless, because unconventional wells produce on average 2.7 times more gas per well than conventional ones, the longrun price responsiveness of supply is almost 3 times larger for unconventional compared to conventional gas
    RFF Working Paper Series, Resources for the Future

Journal Articles

2025

1. Assessing the Future of Oil and Gas Production and Local Government Revenue in Five Western US Basins
   The Energy Journal, 2025, 46, (1), 45-65
   See also Working Paper Assessing the Future of Oil and Gas Production and Local Government Revenue in Five Western US Basins, RFF Working Paper Series (2023) (2023)

2024

2. Estimating the emissions reductions from supply-side fossil fuel interventions
   Energy Economics, 2024, 136, (C)
   See also Working Paper Estimating the Emissions Reductions from Supply-side Fossil Fuel Interventions, RFF Working Paper Series (2023) (2023)
3. The Shadow Price of Capital: Accounting for Capital Displacement in Benefit-Cost Analysis
   Environmental and Energy Policy and the Economy, 2024, 5, (1), 49 - 69
   See also Working Paper The Shadow Price of Capital: Accounting for Capital Displacement in Benefit–Cost Analysis, RFF Working Paper Series (2023) (2023)
   Chapter The Shadow Price of Capital: Accounting for Capital Displacement in Benefit-Cost Analysis, NBER Chapters, 2023, 49-69 (2023) (2023)

2023

4. Climate royalty surcharges
   Journal of Environmental Economics and Management, 2023, 120, (C)
   See also Working Paper Climate Royalty Surcharges, RFF Working Paper Series (2021) View citations (4) (2021)
5. RCTs against the Machine: Can Machine Learning Prediction Methods Recover Experimental Treatment Effects?
   Journal of the Association of Environmental and Resource Economists, 2023, 10, (5), 1231 - 1264 View citations (4)
   See also Working Paper RCTs Against the Machine: Can Machine Learning Prediction Methods Recover Experimental Treatment Effects?, RFF Working Paper Series (2021) (2021)

2022

6. A Discounting Rule for the Social Cost of Carbon
   Journal of the Association of Environmental and Resource Economists, 2022, 9, (5), 1017 - 1046 View citations (16)
   See also Working Paper A Discounting Rule for the Social Cost of Carbon, RFF Working Paper Series (2021) (2021)
7. Comprehensive evidence implies a higher social cost of CO2
   Nature, 2022, 610, (7933), 687-692 View citations (91)
8. Supply-Side Reforms to Oil and Gas Production on Federal Lands: Modeling the Implications for CO2 Emissions, Federal Revenues, and Leakage
   Journal of the Association of Environmental and Resource Economists, 2022, 9, (4), 681 - 720 View citations (5)

2021

9. How clean is “refined coal”? An empirical assessment of a billion-dollar tax credit
   Energy Economics, 2021, 97, (C) View citations (1)
10. The GDP-Temperature relationship: Implications for climate change damages
    Journal of Environmental Economics and Management, 2021, 108, (C) View citations (73)
    See also Working Paper The GDP Temperature Relationship: Implications for Climate Change Damages, RFF Working Paper Series (2020) (2020)
11. The Social Cost of Carbon: Advances in Long-Term Probabilistic Projections of Population, GDP, Emissions, and Discount Rates
    Brookings Papers on Economic Activity, 2021, 52, (2 (Fall)), 223-305 View citations (4)
    See also Working Paper The Social Cost of Carbon: Advances in Long-Term Probabilistic Projections of Population, GDP, Emissions, and Discount Rates, RFF Working Paper Series (2021) View citations (5) (2021)

2020

12. Peaking Interest: How Awareness Drives the Effectiveness of Time-of-Use Electricity Pricing
    Journal of the Association of Environmental and Resource Economists, 2020, 7, (1), 103 - 143 View citations (15)
13. Prices versus Quantities with Policy Updating
    Journal of the Association of Environmental and Resource Economists, 2020, 7, (3), 483 - 518 View citations (18)
    See also Working Paper Prices versus Quantities with Policy Updating, NBER Working Papers (2016) View citations (21) (2016)

2019

14. The Unconventional Oil Supply Boom: Aggregate Price Response from Microdata
    The Energy Journal, 2019, Volume 40, (Number 3) View citations (72)
    Also in The Energy Journal, 2019, 40, (3), 1-30 (2019) View citations (6)
    See also Working Paper The Unconventional Oil Supply Boom: Aggregate Price Response from Microdata, NBER Working Papers (2017) View citations (12) (2017)
15. Trophy Hunting versus Manufacturing Energy: The Price Responsiveness of Shale Gas
    Journal of the Association of Environmental and Resource Economists, 2019, 6, (2), 391 - 431 View citations (20)

2018

16. Explanations for the 2014 oil price decline: Supply or demand?
    Energy Economics, 2018, 74, (C), 63-75 View citations (51)

Chapters

2023

1. The Shadow Price of Capital: Accounting for Capital Displacement in Benefit-Cost Analysis
   A chapter in Environmental and Energy Policy and the Economy, volume 5, 2023, pp 49-69
   See also Journal Article The Shadow Price of Capital: Accounting for Capital Displacement in Benefit-Cost Analysis, University of Chicago Press (2024) (2024)
   Working Paper The Shadow Price of Capital: Accounting for Capital Displacement in Benefit–Cost Analysis, Resources for the Future (2023) (2023)