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Optimal Resource Extraction Contracts Under Threat of Expropriation
Engel, Eduardo - 2008
The government contracts with a foreign firm to extract a natural resource that requires an upfront investment and which faces price uncertainty. In states where profits are high, there is a likelihood of expropriation, which generates a social cost that increases with the expropriated value. In...
Persistent link: https://www.econbiz.de/10012464906
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Tracing Sustainability in the Long Run : Genuine Savings Estimates 1850 - 2018
McLaughlin, Eoin; Ducoing, Cristián; Oxley, Les - National Bureau of Economic Research - 2023
We introduce a new database of historical Genuine Savings (GS), an indicator of sustainable development promoted by the World Bank and widely used in contemporary economic research. GS derives from the theoretical work on wealth accounting, and addresses shortcomings in conventional metrics of...
Persistent link: https://www.econbiz.de/10014250172
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Money (Not) to Burn : Payments for Ecosystem Services to Reduce Crop Residue Burning
Jack, B. Kelsey; Jayachandran, Seema; Kala, Namrata; … - National Bureau of Economic Research - 2022
Particulate matter significantly reduces life expectancy in India. We use a randomized controlled trial in the Indian state of Punjab to evaluate the effectiveness of conditional cash transfers (also known as payments for ecosystem services, or PES) in reducing crop residue burning, which is a...
Persistent link: https://www.econbiz.de/10013462738
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The Economics of Biodiversity Loss
Giglio, Stefano; Kuchler, Theresa; Stroebel, Johannes; … - National Bureau of Economic Research - 2024
We explore the economic effects of biodiversity loss by developing an ecologically-founded model that captures how different species interact to deliver the ecosystem services that complement other factors of economic production. Aggregate ecosystem services are produced by combining several...
Persistent link: https://www.econbiz.de/10014635641
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Why Has China Overinvested in Coal Power?
Ren, Mengjia - 2019
Since 2005, the Chinese government has engaged in an ambitious effort to move China's energy system away from coal and towards more environmentally friendly sources of energy. However, China's investment in coal power has accelerated sharply in recent years, raising concerns of massive...
Persistent link: https://www.econbiz.de/10012479393
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Abandoned by Coal, Swallowed by Opioids?
Metcalf, Gilbert E. - 2019
mortality shows sharply higher mortality rates in the Appalachian region, especially in coal-mining areas. This has led … coal mining in a county's economy leads to higher or lower opioid mortality. We find a positive relationship between the … mining (in particular) lead to greater amounts of opioid consumption and mortality. An implication is that the decline in …
Persistent link: https://www.econbiz.de/10012480495
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Revenue at Risk in Coal-Reliant Counties
Morris, Adele - 2020
This paper examines the implications of a carbon-constrained future on coal-reliant county governments in the United States. We review modeling projections of coal production under reference and climate policy scenarios and argue that some state and local governments face important revenue...
Persistent link: https://www.econbiz.de/10012481501
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The Irony of Reform : Did Large Employers Subvert Workplace Safety Reform, 1869 to 1930?
Fishback, Price - 2005
The findings vary by industry. In coal mining large employers followed a defensive strategy, limiting the breadth of …
Persistent link: https://www.econbiz.de/10012467629
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Is Public Equity Deadly? Evidence from Workplace Safety and Productivity Tradeoffs in the Coal Industry
Gilje, Erik P.; Wittry, Michael D. - National Bureau of Economic Research - 2021
We study how ownership structure, in particular public listing status, affects workplace safety and productivity tradeoffs. Theory offers competing hypotheses on how listing related frictions affect these tradeoffs. We exploit detailed asset-level data in the U.S. coal industry and find that...
Persistent link: https://www.econbiz.de/10012533347
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Does Employer Monopsony Power Increase Occupational Accidents? The Case of Kentucky Coal Mines
Kahn, Shulamit - 1991
A popular argument for safety regulations is that workers accept dangerous jobs because they have "no choice," or, in other words, because they have few or no alternative employment opportunities. This argument is considered in a game-theoretic framework. Because simultaneous-entry models do not...
Persistent link: https://www.econbiz.de/10012475090