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Estimating the General Equilibrium Benefits of Large Policy Changes: The Clean Air Act Revisited

Smith, V. Kerry; Banzhaf, Spencer; Sieg, Holger; Walsh, … - National Bureau of Economic Research (NBER) - 2000

This paper reports the first comprehensive approach for measuring the general equilibrium willingness to pay for large changes in air quality. It is based on a well defined locational equilibrium model. The approach allows estimation of households' indirect utility function and the underlying...

Persistent link: https://www.econbiz.de/10005720605

Water Markets in the West: Prices, Trading, and Contractual Forms

Libecap, Gary D.; Brewer, Jedidiah; Glennon, Robert; … - National Bureau of Economic Research (NBER) - 2007

Rising urban and environmental demand for water has created growing pressure to re-allocate water from traditional agricultural uses. The evolution of water markets has been more complicated than those for other resources. In this paper, we first explain these differences by examining water...

Persistent link: https://www.econbiz.de/10005778036

On the Formation of Coalitions to Provide Public Goods - Experimental Evidence from the Lab

Lange, Andreas; Dannenberg, Astrid; Sturm, Bodo - National Bureau of Economic Research (NBER) - 2010

pessimistic conclusions from the theory: only few players form a coalition when the institution prescribes the full … (coalitions) of players. International agreements serve as one example. This paper experimentally tests theory on the formation of … internalization of mutual benefits of members. Contrary to theory, coalitions that try to reduce the free-riding incentives by …

Persistent link: https://www.econbiz.de/10008634661

The Hired Gun Mechanism

Andreoni, James; Gee, Laura K. - National Bureau of Economic Research (NBER) - 2011

We present and experimentally test a mechanism that provides a simple, natural, low cost, and realistic solution to the problem of compliance with socially determined efficient actions, such as contributing to a public good. We note that small self-governing organizations often place enforcement...

Persistent link: https://www.econbiz.de/10009019669

Gun For Hire: Does Delegated Enforcement Crowd out Peer Punishment in Giving to Public Goods?

Andreoni, James; Gee, Laura K. - National Bureau of Economic Research (NBER) - 2011

This paper compares two methods to encourage socially optimal provision of a public good. We compare the efficacy of vigilante justice, as represented by peer-to-peer punishment, to delegated policing, as represented by the "hired gun" mechanism, to deter free riding and improve group welfare....

Persistent link: https://www.econbiz.de/10009019694

Damming the Commons: An Empirical Analysis of International Cooperation and Conflict in Dam Location

Sigman, Hilary; Olmstead, Sheila M. - National Bureau of Economic Research (NBER) - 2014

This paper examines whether countries consider the welfare of other nations when they make water development decisions. We estimate econometric models of the location of major dams around the world as a function of the degree of international sharing of rivers. We find that dams are more...

Persistent link: https://www.econbiz.de/10010890101

Conservation Policies: Who Responds to Price and Who Responds to Prescription?

Wichman, Casey J.; Taylor, Laura O.; Haefen, Roger H. von - National Bureau of Economic Research (NBER) - 2014

The efficiency properties of price and non-price instruments for conservation in environmental policy are well understood. Yet, there is little evidence comparing the effectiveness of these instruments, especially when considering water resource management. We exploit a rich panel of residential...

Persistent link: https://www.econbiz.de/10010951041

Water Availability as a Constraint on China's Future Growth

Whalley, John; Medianu, Dana - National Bureau of Economic Research (NBER) - 2012

Recent writings on China's water situation often portray China's water problems as severe and suggest that water availability could threaten the sustainability of China's future growth. However, China's high growth of the last 20 years or more has been obtained with relatively little increase in...

Persistent link: https://www.econbiz.de/10010951273

Comparing Price and Non-Price Approaches to Urban Water Conservation

Stavins, Robert Norman; Olmstead, Sheila M. - National Bureau of Economic Research (NBER) - 2008

Urban water conservation is typically achieved through prescriptive regulations, including the rationing of water for particular uses and requirements for the installation of particular technologies. A significant shift has occurred in pollution control regulations toward market-based policies...

Persistent link: https://www.econbiz.de/10005248775

The Perception and Valuation of the Risks of Climate Change: A Rational and Behavioral Blend

Viscusi, W Kip; Zeckhauser, Richard - National Bureau of Economic Research (NBER) - 2005

Over 250 respondents--graduate students in law and public policy--assessed the risks of climate change and valued climate-change mitigation policies. Many aspects of their behavior were consistent with rational behavior. For example, respondents successfully estimated distributions of...

Persistent link: https://www.econbiz.de/10005087460

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