This dissertation studies our relationship with energy, as individuals and as a society. In the first chapter, I look at individual response to gasoline prices by investigating the relationship between gasoline prices and running out of gasoline. In the second chapter I investigate household level short-run responses to gasoline prices by decomposing the traditional fuel use elasticity into changes in driving and change in average fuel economy. The third chapter looks at policies that comes as responses to environmental externalities associated with fuel use.

Energy and Economic Myths: Institutional and Analytical Economic Essays is a collection of materials that deal with various issues and concerns in economics. The title aims to clarify the misconception in economics. The first part of the text deals with the issues in natural resources and the economics of production. Next, the selection tackles the problems in institutional economics. Part III covers the epistemological and methodological concerns in economics. The title also talks about economic theories. The book will be of great interest to economists and readers who want to enhance their understanding of economic concepts.