Research Library

At least four states are currently considering a gross receipts tax (GRT) to improve revenues, yet Texas legislators have made attempts to repeal its franchise tax, a form of the GRT. Fellow Joyce Beebe examines this apparent conflict.

To either close deals or resolve disputes, parties and courts must be able to attach a credible economic value to water that may still be underground in the aquifer. In this brief, fellow Gabriel Collins proposes a means of estimating this value that opens the door for a direct comparison of the implied price paid for groundwater in a land purchase transaction and the price paid for an explicit agreement to acquire only the groundwater estate beneath a tract.

Many argue that sales and excise taxes are regressive based on the strict relationship between annual income and taxes paid, but the burden of higher sales taxes may actually fall more heavily on households with higher lifetime incomes.

This issue brief examines how produced water recycling in Texas oilfields threatens landowners’ ability to earn revenue from selling frac water and disposal services, a more lucrative revenue stream compared to raising cattle.

As China’s demand for light oil products continues to drive incremental consumption growth, it is becoming apparent that commodities framed as “oil products” are increasingly not actually made from crude oil. Fellow Gabriel Collins explores the possible ramifications of this situation in this issue brief. He writes that oil producers — whether in Riyadh, Moscow or the Permian Basin — should take stock of how China’s growing use of “oil products” that do not actually come from crude oil may translate into effective reductions in demand and prices for the crude oil they produce.

The unfettered development of Houston's flood-prone areas undoubtedly magnified the tremendous damage caused by Hurricane Harvey, but zoning or other land use controls are unpopular on the Texas coast and are unlikely to be adopted as a result. With this in mind, the SSPEED Center at Rice University looked to innovation and the market system to find a creative solution to protect important natural, flood-prone areas from further development. 

Faculty scholar Jim Blackburn proposes a series of realistic ideas that can substantially reduce misery and damage the next time a catastrophic storm like Harvey tears through the Houston-Galveston area. 

The Center for Energy Studies at Rice University’s Baker Institute for Public Policy and the Qatar Leadership Centre hosted a roundtable on February 15-16, 2017, in Doha, Qatar, to discuss some of the most pressing challenges facing market participants in the global energy landscape, with a focus on several issues of paramount interest to Qatar and the broader Gulf Cooperation Council.

This paper assesses the current operational conditions of the Mexican residential electricity sector and examines the potential effects that the massive adoption of distributed photovoltaic power generation (DPV) systems would have on household expenditure and welfare, subsidy reduction, pollution and water resource usage.

Regional air quality and health cost models are used to assess how reductions in soil nitric oxide (NO) emissions from the use of biochar could influence U.S. air quality and health costs.