Narrow search
Showing 1 - 10 of 380
Cover Image
The Market for Conservation and Other Hostages
Harstad, Bård - National Bureau of Economic Research (NBER) - 2011
A conservation good, such as the rainforest, is a hostage: it is possessed by S who may prefer to consume it, but B receives a larger value from continued conservation. A range of prices would make trade mutually beneficial. So, why doesn't B purchase conservation, or the forest, from S? If this...
Persistent link: https://www.econbiz.de/10009294560
Cover Image
Reducing Greenhouse Gas Emissions by Forest Protection: The Transaction Costs of REDD
Alston, Lee J.; Andersson, Krister - National Bureau of Economic Research (NBER) - 2011
Understanding and minimizing the transaction costs of policy implementation are critical for reducing tropical forest losses. As the international community prepares to launch REDD+, a global initiative to reduce greenhouse gas emissions from tropical deforestation, policymakers need to pay...
Persistent link: https://www.econbiz.de/10008836719
Cover Image
The Welfare Impact of Indirect Pigouvian Taxation: Evidence from Transportation
Knittel, Christopher R.; Sandler, Ryan - National Bureau of Economic Research (NBER) - 2013
A basic tenet of economics posits that when consumers or firms don't face the true social cost of their actions, market outcomes are inefficient. In the case of negative externalities, Pigouvian taxes are one way to correct this market failure, where the optimal tax leads agents to internalize...
Persistent link: https://www.econbiz.de/10010951204
Cover Image
Estimates of the Social Cost of Carbon: Background and Results from the RICE-2011 Model
Nordhaus, William D. - National Bureau of Economic Research (NBER) - 2011
the RICE-2011 model. Additional concerns are uncertainty about different aspects of global warming as well as the … the current time (2015) including uncertainty, equity weighting, and risk aversion is $44 per ton of carbon (or $12 per … ton CO2) in 2005 US$ and international prices). Second, including uncertainty increases the expected value of the SCC by …
Persistent link: https://www.econbiz.de/10009353479
Cover Image
Taxes, Permits, and Climate Change
Kaplow, Louis - National Bureau of Economic Research (NBER) - 2010
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/10008532138
Cover Image
Up in Smoke: The Influence of Household Behavior on the Long-Run Impact of Improved Cooking Stoves
Duflo, Esther; Greenstone, Michael; Hanna, Rema - National Bureau of Economic Research (NBER) - 2012
It is conventional wisdom that it is possible to reduce exposure to indoor air pollution, improve health outcomes, and decrease greenhouse gas emissions in the rural areas of developing countries through the adoption of improved cooking stoves. This belief is largely supported by observational...
Persistent link: https://www.econbiz.de/10011271429
Cover Image
What Drives Land-Use Change in the United States? A National Analysis of Landowner Decisions
Stavins, Robert Norman; Lubowski, Ruben N.; Plantinga, … - National Bureau of Economic Research (NBER) - 2007
Land-use changes involve important economic and environmental effects with implications for international trade, global climate change, wildlife, and other policy issues. We use an econometric model to identify factors driving land-use change in the United States between 1982 and 1997. We...
Persistent link: https://www.econbiz.de/10005084904
Cover Image
Bridging vs. Bonding Social Capital and the Management of Common Pool Resources
Baylis, Kathy; Gong, Yazhen; Wang, Shun - National Bureau of Economic Research (NBER) - 2013
Social capital can facilitate community governance, but not all social capital is alike. We distinguish bonding social capital (within a village) from bridging social capital (between villages), and we compare their effects on the management of a common pool resource. We develop a theoretical...
Persistent link: https://www.econbiz.de/10010821662
Cover Image
Social Norms and the Enforcement of Laws
Acemoglu, Daron; Jackson, Matthew O. - National Bureau of Economic Research (NBER) - 2014
We examine the interplay between social norms and the enforcement of laws. Agents choose a behavior (e.g., tax evasion, production of low-quality products, corruption, substance abuse, etc.) and then are randomly matched with another agent. An agent's payoff decreases with the mismatch between...
Persistent link: https://www.econbiz.de/10010885300
Cover Image
A Game Theoretic Foundation of Competitive Equilibria with Adverse Selection
Netzer, Nick; Scheuer, Florian - National Bureau of Economic Research (NBER) - 2012
We construct a fully specified extensive form game that captures competitive markets with adverse selection. In particular, it allows firms to offer any finite set of contracts, so that cross-subsidization is not ruled out. Moreover, firms can withdraw from the market after initial contract...
Persistent link: https://www.econbiz.de/10010885305