Showing 1 - 10 of 30
A robust body of evidence shows that air pollution exposure is detrimental to health outcomes, often measured as deaths …, performance, and skills. This article reviews the economic research investigating the causal effects of pollution on "non … pollution can be more challenging to observe than formal health care encounters but may be more pervasive if they affect …
Persistent link: https://www.econbiz.de/10013172147
Efficient responses to climate change require accurate estimates of both aggregate damages and where and to whom they occur. While specific case studies and simulations have suggested that climate change disproportionately affects the poor, large-scale direct evidence of the magnitude and...
Persistent link: https://www.econbiz.de/10012479729
Anthropogenic climate change produces two conceptually distinct negative economic externalities. The first is an expected path of climate damage. The second, which is this paper's focus, is an expected path of economic risk. To isolate the climate-risk problem, we consider mean-zero, symmetric...
Persistent link: https://www.econbiz.de/10012481877
This paper develops an analytical model to quantify the costs and distributional effects of various fiscal options for allocating the (large) rents created under prospective cap-and-trade programs to reduce domestic, energy-related CO2 emissions. The trade-off between cost effectiveness and...
Persistent link: https://www.econbiz.de/10012462171
This essay revisits the question of instrument choice for the regulation of externalities in the context of climate change. The central point is that the Pigouvian prescription to equate marginal control costs with the expected marginal benefits of damage reduction should guide the design of...
Persistent link: https://www.econbiz.de/10012462388
A critical issue in climate-change economics is the specification of the so-called "damages function" and its interaction with the unknown uncertainty of catastrophic outcomes. This paper asks how much we might be misled by our economic assessment of climate change when we employ a conventional...
Persistent link: https://www.econbiz.de/10012462520
A pervasive problem in the literature on the health costs of pollution is that optimizing individuals may compensate … for increases in pollution by reducing their exposure to protect their health. This implies that estimates of the health … effects of pollution may vastly understate the full welfare effects of pollution, particularly for individuals most at risk …
Persistent link: https://www.econbiz.de/10012463709
For political, jurisdictional and technical reasons, environmental regulation of industrial pollution is often … incomplete: regulations apply to only a subset of facilities contributing to a pollution problem. Policymakers are increasingly …
Persistent link: https://www.econbiz.de/10012464226
The Toxics Release Inventory (TRI) was expected to reduce health risks stemming from emissions of hazardous chemicals by increasing public pressure on polluters. However, it is a massive and complex dataset, requiring significant expertise to interpret in its raw form. State governments have...
Persistent link: https://www.econbiz.de/10012464238
In this paper, we investigate the dynamics of informational regulatory approaches by analyzing the impact of smog alerts issued on consecutive days on discretionary outdoor activities in Southern California. Short-run adjustments to transitory risk entail costs that are likely to influence the...
Persistent link: https://www.econbiz.de/10012464378