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On Fiscal Illusion and Ricardian Equivalence in Local Public Finance
Banzhaf, Spencer; Oates, Wallace E. - National Bureau of Economic Research (NBER) - 2012
We re-evaluate two forms of fiscal illusion in local public finance: debt illusion and renter illusion. The Ricardian Equivalence Theorem for local governments suggests the form of finance of a public program (tax or debt finance) has no effects on substantive outcomes. For the local case, this...
Persistent link: https://www.econbiz.de/10011271460
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Cofinancing in Environment and Development: Evidence from the Global Environment Facility
Kotchen, Matthew J.; Negi, Neeraj Kumar - National Bureau of Economic Research (NBER) - 2015
Leveraged cofinancing from public and private sources has emerged as a policy priority among international environment and development agencies. There is nevertheless surprisingly little research on the determinants and impacts of cofinancing for accomplishing environment and development goals....
Persistent link: https://www.econbiz.de/10011276443
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Plant Vintage, Technology, and Environmental Regulation
Gray, Wayne B.; Shadbegian, Ronald J. - National Bureau of Economic Research (NBER) - 2001
annual Census Bureau information on 116 pulp and paper mills' vintage, technology, productivity, and pollution abatement … operating costs for 1979-1990. We find a significant negative relationship between pollution abatement costs and productivity … include our technology, vintage, and renovation variables. Sample calculations of the impact of pollution abatement on …
Persistent link: https://www.econbiz.de/10005248959
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Is Trade Good or Bad for the Environment? Sorting Out the Causality
Frankel, Jeffrey Alexander; Rose, Andrew - National Bureau of Economic Research (NBER) - 2002
measures of air pollution. Statistical significance is lacking for Particulate Matter, but is moderate for NO2, and high for SO …
Persistent link: https://www.econbiz.de/10005085334
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Reducing Petroleum Consumption from Transportation
Knittel, Christopher R. - National Bureau of Economic Research (NBER) - 2012
The United States consumed more petroleum-based liquid fuel per capita than any other OECD-high-income country - 30 percent more than the second-highest country (Canada) and 40 percent more than the third-highest (Luxemburg). This paper examines the main channels through which reductions in U.S....
Persistent link: https://www.econbiz.de/10009401240
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Climate Policy and Voluntary Initiatives: An Evaluation of the Connecticut Clean Energy Communities Program
Kotchen, Matthew J. - National Bureau of Economic Research (NBER) - 2010
Can simple government programs effectively promote voluntary initiatives to reduce greenhouse-gas emissions? This paper provides an evaluation of how the Connecticut Clean Energy Communities program affects household decisions to voluntarily purchase "green" electricity, which is electricity...
Persistent link: https://www.econbiz.de/10008628343
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Cap and Trade Policies in the Presence of Monopoly and Distortionary Taxation
Fullerton, Don; Metcalf, Gilbert E. - National Bureau of Economic Research (NBER) - 2002
We extend an analytical general equilibrium model of environmental policy with pre-existing labor tax distortions to include pre-existing monopoly power as well. We show that the existence of monopoly power has two offsetting effects on welfare. First, the environmental policy reduces monopoly...
Persistent link: https://www.econbiz.de/10005710205
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Transaction Costs: Valuation Disputes, Bi-Lateral Monopoly Bargaining and Third-Party Effects in Water Rights Exchanges. The Owens Valley Transfer to Los Angeles
Libecap, Gary D. - National Bureau of Economic Research (NBER) - 2004
Between 1905 and 1934 over 869 farmers in Owens Valley, California sold their land and associated water rights to Los Angeles, 250 miles to the southwest. This agriculture-to-urban water transfer increased Los Angeles' water supply by over 4 times, making the subsequent dramatic growth of the...
Persistent link: https://www.econbiz.de/10005714814
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Buffalo Hunt: International Trade and the Virtual Extinction of the North American Bison
Taylor, M. Scott - National Bureau of Economic Research (NBER) - 2007
In the 16th century, North America contained 25-30 million buffalo; by the late 19th century less than 100 remained. While removing the buffalo east of the Mississippi took settlers over 100 years, the remaining 10 to 15 million buffalo on the Great Plains were killed in a punctuated slaughter...
Persistent link: https://www.econbiz.de/10005718350
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Open-Access Losses and Delay in the Assignment of Property Rights
Libecap, Gary D. - National Bureau of Economic Research (NBER) - 2007
from oil and gas reservoirs, and excessive air pollution to illustrate the main points. …
Persistent link: https://www.econbiz.de/10005718746