1.Introduction 1
1.1.Parametric and Nonparametric Modeling and Estimation 1
1.2.Book Structure 7
2.Semiparametric Efficient Estimation of Partially Linear Model2.1.Introduction 9
2.2.Model and Previous Results 13
2.3.Semiparametric Efficiency Bounds 17
2.4.Feasible and Efficient Estimation 28
2.5.Specification Test 41
2.6.Sampling Results 43
2.7.Conclusion 52
3.Optimal Dynamic Production Policy:The Case of a Large Oil Field in Saudi Arabia3.1.Introduction 54
3.2.Dynamic Modeling of Oil Production Decisions 59
3.3.Data and Estimations 64
3.4.Theoretical Issues 82
3.5.Simulation Results 86
3.6.Conclusion 99
4.The Effects of Oil Price Volatility on Technical Change4.1.Introduction 103
4.2.Channels of Transmission and Oil Price Volatility 106
4.3.A Measure of Volatility 112
4.4.A Measure of Innovation(Technical Change) 116
4.5.Vector Autoregression 124
4.6.Conclusion 135
5.Promoting Renewable Electricity Generation in Imperfect Markets:Price vs.Quantity Control5.1.Introduction 138
5.2.Promoting Renewable Electricity in a Perfectly Competitive Market 141
5.3.Duopoly Market and Quasi-symmetric Costs 147
5.4.Welfare Comparison Between Subsidy and Quota-based Policies 162
5.5.Policy Implications 165
5.6.Conclusion 167
Appendix 169
References 185