Fracking, Oil Prices, and the Pass-Through of Input Costs

The National Bureau of Economic Research (NBER) Digest featured a working paper co-authored by Assistant Professor Richard Sweeney in their March 2018 issue.  "Pass-Through of Input Cost Shocks Under Imperfect Competition: Evidence from the U.S. Fracking Boom" draws on detailed information compiled by the Energy Information Administration on every refinery in the United States to analyze how the fracking boom impacted the prices consumers paid for petroleum products.