Pass-Through of Own and Rival Cost Shocks: Evidence from the U.S. Fracking Boom

We thank Ryan Kellogg, Katheryn Russ, Joe Shapiro, Jim Stock, Reed Walker and seminar participants at Harvard, Duke, University of Connecticut, University of Maryland, the NBER Hydrocarbon Infrastructure and Transportation workshop, the Empirical Methods in Energy Economics workshop, and Berkeley Energy Camp for helpful comments. Both authors declare they have no interests, financial or otherwise, that relate to the research described in this paper, nor do they have any current ties, directly or indirectly to the energy industry. This work has been supported by the Sloan Foundation and NBER Hydrocarbon Infrastructure and Transportation workshop. Assistance with the data from the Energy Information Administration, especially Joseph Conklin and Lawrence Stroud, is gratefully acknowledged. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

• November 14, 2017