Steven T. Anderson
Steven Anderson is an Economist with the USGS Geology, Energy & Minerals (GEM) Science Center in Reston, VA.
Science and Products
Filter Total Items: 23
Case study - Dynamic pressure-limited capacity and costs of CO2 storage in the Mount Simon sandstone
Widespread deployment of carbon capture and storage (CCS) is likely necessary to be able to satisfy baseload electricity demand, to maintain diversity in the energy mix, and to achieve climate and other objectives at the lowest cost. If all of the carbon dioxide (CO2) emissions from stationary sources (such as fossil-fuel burning power plants, and other industrial plants) in the United States need
Authors
Steven T. Anderson, Hossein Jahediesfanjani
Risk, liability, and economic issues with long-term CO2 storage—A review
Given a scarcity of commercial-scale carbon capture and storage (CCS) projects, there is a great deal of uncertainty in the risks, liability, and their cost implications for geologic storage of carbon dioxide (CO2). The probabilities of leakage and the risk of induced seismicity could be remote, but the volume of geologic CO2 storage (GCS) projected to be necessary to have a significant impact on
Authors
Steven T. Anderson
Cost implications of uncertainty in CO2 storage resource estimates: A review
Carbon capture from stationary sources and geologic storage of carbon dioxide (CO2) is an important option to include in strategies to mitigate greenhouse gas emissions. However, the potential costs of commercial-scale CO2 storage are not well constrained, stemming from the inherent uncertainty in storage resource estimates coupled with a lack of detailed estimates of the infrastructure needed to
Authors
Steven T. Anderson
A pressure-limited model to estimate CO2 injection and storage capacity of saline formations: Investigating the effects of formation properties, model variables and presence of hydrocarbon reservoirs
No abstract available.
Authors
Hossein Jahediesfanjani, Peter D. Warwick, Steven T. Anderson
Uncertainty in CO2 storage cost and resource estimates
Carbon capture from stationary sources and geological storage of anthropogenic carbon dioxide (CO2) is an important option to include in strategies for the mitigation of greenhouse gas (GHG) emissions. However, the potential costs of commercial-scale CO2storage are not well constrained, stemming from the inherent uncertainty in current geologic storage resource estimates coupled with a lack of det
Authors
Steven T. Anderson
Implications of scale-independent habitat specialization on persistence of a rare small mammal
We assessed the habitat use patterns of the Amargosa vole Microtus californicus scirpensis , an endangered rodent endemic to wetland vegetation along a 3.5 km stretch of the Amargosa River in the Mojave Desert, USA. Our goals were to: (1) quantify the vole’s abundance, occupancy rates and habitat selection patterns along gradients of vegetation cover and spatial scale; (2) identify the processes t
Authors
Michael Cleaver, Robert C. Klinger, Steven Anderson, Paul A. Maier, Jonathan Clark
Preemption games: theory and experiment
El Mutún, perhaps the world's largest remaining iron ore deposit, was opened to private investors in the 1980s but, due to the high cost of developing the remote Bolivian site, there were no takers for two decades. In late 2005, spurred by rising commodity prices, the Brazilian company EBX finally seized the opportunity, preempting rivals based in China and India. Numerous similar examples can be
Authors
Steven T. Anderson, Daniel Friedman, Ryan Oprea
Learning to wait: A laboratory investigation
Human subjects decide when to sink a fixed cost C to seize an irreversible investment opportunity whose value V is governed by Brownian motion. The optimal policy is to invest when V first crosses a threshold V* = (1 + w*) C, where the wait option premium w* depends on drift, volatility, and expiration hazard parameters. Subjects in the Low w* treatment on average invest at values quite close to o
Authors
Ryan Oprea, Daniel Friedman, Steven T. Anderson
Buy it now: A hybrid internet market institution
This paper analyzes seller choices and outcomes in approximately 700 Internet auctions of a relatively homogeneous good. The ‘Buy it Now’ option allows the seller to convert the auction into a posted price market. We use a structural model to control for the conduct of the auction as well as product and seller characteristics. In explaining seller choices, we find that the ‘Buy it Now’ option was
Authors
Steven T. Anderson, Daniel Friedman, Garrett Milam, Nirvikar Singh
Seller strategies on eBay: Does size matter?
We examine seller tactics in 1177 eBay auctions. The largest volume sellers make rather homogeneous choices; smaller sellers are more heterogeneous. Some tactics, such as starting the auction with a ‘Buy it Now’ offer, appear to increase revenue. Perhaps due to intense competition, however, the overall impact of most tactics appears to be quite small. The main exception is the use of a secret rese
Authors
Steven T. Anderson, Daniel Friedman, Garrett Milam, Nirvikar Singh
Non-USGS Publications**
American Association for the Advancement of Science (AAAS) Annual Meeting, 13-16 February 2020, Seattle WA.
Anderson, S.T. 2015. “The Mineral Industry of Hungary.” Area reports—International—Europe and Central Eurasia: U.S. Geological Survey Minerals Yearbook 2012, v. III, February 27, p. 20.1–20.7. IP-064154.
**Disclaimer: The views expressed in Non-USGS publications are those of the author and do not represent the views of the USGS, Department of the Interior, or the U.S. Government.
Science and Products
Filter Total Items: 23
Case study - Dynamic pressure-limited capacity and costs of CO2 storage in the Mount Simon sandstone
Widespread deployment of carbon capture and storage (CCS) is likely necessary to be able to satisfy baseload electricity demand, to maintain diversity in the energy mix, and to achieve climate and other objectives at the lowest cost. If all of the carbon dioxide (CO2) emissions from stationary sources (such as fossil-fuel burning power plants, and other industrial plants) in the United States need
Authors
Steven T. Anderson, Hossein Jahediesfanjani
Risk, liability, and economic issues with long-term CO2 storage—A review
Given a scarcity of commercial-scale carbon capture and storage (CCS) projects, there is a great deal of uncertainty in the risks, liability, and their cost implications for geologic storage of carbon dioxide (CO2). The probabilities of leakage and the risk of induced seismicity could be remote, but the volume of geologic CO2 storage (GCS) projected to be necessary to have a significant impact on
Authors
Steven T. Anderson
Cost implications of uncertainty in CO2 storage resource estimates: A review
Carbon capture from stationary sources and geologic storage of carbon dioxide (CO2) is an important option to include in strategies to mitigate greenhouse gas emissions. However, the potential costs of commercial-scale CO2 storage are not well constrained, stemming from the inherent uncertainty in storage resource estimates coupled with a lack of detailed estimates of the infrastructure needed to
Authors
Steven T. Anderson
A pressure-limited model to estimate CO2 injection and storage capacity of saline formations: Investigating the effects of formation properties, model variables and presence of hydrocarbon reservoirs
No abstract available.
Authors
Hossein Jahediesfanjani, Peter D. Warwick, Steven T. Anderson
Uncertainty in CO2 storage cost and resource estimates
Carbon capture from stationary sources and geological storage of anthropogenic carbon dioxide (CO2) is an important option to include in strategies for the mitigation of greenhouse gas (GHG) emissions. However, the potential costs of commercial-scale CO2storage are not well constrained, stemming from the inherent uncertainty in current geologic storage resource estimates coupled with a lack of det
Authors
Steven T. Anderson
Implications of scale-independent habitat specialization on persistence of a rare small mammal
We assessed the habitat use patterns of the Amargosa vole Microtus californicus scirpensis , an endangered rodent endemic to wetland vegetation along a 3.5 km stretch of the Amargosa River in the Mojave Desert, USA. Our goals were to: (1) quantify the vole’s abundance, occupancy rates and habitat selection patterns along gradients of vegetation cover and spatial scale; (2) identify the processes t
Authors
Michael Cleaver, Robert C. Klinger, Steven Anderson, Paul A. Maier, Jonathan Clark
Preemption games: theory and experiment
El Mutún, perhaps the world's largest remaining iron ore deposit, was opened to private investors in the 1980s but, due to the high cost of developing the remote Bolivian site, there were no takers for two decades. In late 2005, spurred by rising commodity prices, the Brazilian company EBX finally seized the opportunity, preempting rivals based in China and India. Numerous similar examples can be
Authors
Steven T. Anderson, Daniel Friedman, Ryan Oprea
Learning to wait: A laboratory investigation
Human subjects decide when to sink a fixed cost C to seize an irreversible investment opportunity whose value V is governed by Brownian motion. The optimal policy is to invest when V first crosses a threshold V* = (1 + w*) C, where the wait option premium w* depends on drift, volatility, and expiration hazard parameters. Subjects in the Low w* treatment on average invest at values quite close to o
Authors
Ryan Oprea, Daniel Friedman, Steven T. Anderson
Buy it now: A hybrid internet market institution
This paper analyzes seller choices and outcomes in approximately 700 Internet auctions of a relatively homogeneous good. The ‘Buy it Now’ option allows the seller to convert the auction into a posted price market. We use a structural model to control for the conduct of the auction as well as product and seller characteristics. In explaining seller choices, we find that the ‘Buy it Now’ option was
Authors
Steven T. Anderson, Daniel Friedman, Garrett Milam, Nirvikar Singh
Seller strategies on eBay: Does size matter?
We examine seller tactics in 1177 eBay auctions. The largest volume sellers make rather homogeneous choices; smaller sellers are more heterogeneous. Some tactics, such as starting the auction with a ‘Buy it Now’ offer, appear to increase revenue. Perhaps due to intense competition, however, the overall impact of most tactics appears to be quite small. The main exception is the use of a secret rese
Authors
Steven T. Anderson, Daniel Friedman, Garrett Milam, Nirvikar Singh
Non-USGS Publications**
American Association for the Advancement of Science (AAAS) Annual Meeting, 13-16 February 2020, Seattle WA.
Anderson, S.T. 2015. “The Mineral Industry of Hungary.” Area reports—International—Europe and Central Eurasia: U.S. Geological Survey Minerals Yearbook 2012, v. III, February 27, p. 20.1–20.7. IP-064154.
**Disclaimer: The views expressed in Non-USGS publications are those of the author and do not represent the views of the USGS, Department of the Interior, or the U.S. Government.