Chart of the Week: Measuring Misallocation

Tuesday, July 9, 2019
American Economic Association
Pumpjacks extract oil from a field in Kern County, CA.

Professor Allan Collard-Wexler's research is featured as the AEA Chart of the Week. Collard-Wexler and co-authors found that "found that nearly $750 billion of global oil production was misallocated from 1970 to 2014."