NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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Learning by Viewing? Social Learning, Regulatory Disclosure, and Firm Productivity in Shale Gas

T. Robert Fetter, Andrew L. Steck, Christopher Timmins, Douglas Wrenn

NBER Working Paper No. 25401
Issued in December 2018, Revised in June 2020

---- Acknowledgments ----

We thank DrillingInfo, the Pennsylvania Department of Environmental Protection (DEP), and the Pennsylvania Department of Conservation and Natural Resources (DCNR) for providing access to data, and appreciate insights provided by Lynn Levino (DCNR) and Jeff Brown (DEP) as well as Rob Jacobs, Bob Kleinberg, and Vikram Rao. We are grateful for helpful comments and suggestions from participants in numerous forums including at the National Bureau of Economic Research, Association of Environmental and Resource Economics, and the Norwegian School of Economics, and members of the Duke Public Economics Lab, Duke Environmental Policy seminar, and Duke Energy Initiative Fellows. Fetter acknowledges funding from the Yale Center for Environmental Law and Policy, Duke Environmental Economics Doctoral Scholars, and Resources for the Future; Steck acknowledges funding from the Duke University Graduate School and the Ottis Green Foundation. Timmins acknowledges support from the National Science Foundation (SES-1559481). Any errors or omissions are our own. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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