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World Heritage List : Does it Make Sense?
Frey, Bruno S. - 2010
The UNESCO World Heritage List contains the 900 most treasured Sites of humanity's culture and landscapes. The World …
Persistent link: https://www.econbiz.de/10013142233
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World Heritage : Where are We? An Empirical Analysis
Frey, Bruno S.; Pamini, Paolo - 2021
An empirical overview of the UNESCO World Heritage List according to various characteristics is presented. The … officially stated intention of the World Heritage List is to protect global heritage. Our focus is on the imbalance of the … considered “balanced” from different points of view. It turns out that the World Heritage List is unbalanced with respect to a …
Persistent link: https://www.econbiz.de/10013316269
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Coaseian Biodiversity Conservation. Who Benefits?
Eichner, Thomas - 2017
We consider a world economy, in which the global public good 'biodiversity' is positively correlated with that share of …
Persistent link: https://www.econbiz.de/10012962993
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Monitoring, Sanctions and Front-Loading of Job Search in a Non-Stationary Model
Cockx, Bart - 2011
We develop and estimate a non-stationary job search model to evaluate a scheme that monitors job search effort and sanctions insured unemployed whose effort is deemed insufficient. The model reveals that such schemes provide incentives to the unemployed to front-load search effort prior to...
Persistent link: https://www.econbiz.de/10013117785
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Expected Net Present Value, Expected Net Future Value, and the Ramsey Rule
Gollier, Christian - 2013
Weitzman (1998) showed that when future interest rates are uncertain, using the expected net present value implies a term structure of discount rates that is decreasing to the smallest possible interest rate. On the contrary, using the expected net future value criterion implies an increasing...
Persistent link: https://www.econbiz.de/10013095951
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Statistical vs. Identified Lives in Benefit-Cost Analysis
Hammitt, James K. - 2013
Economic evaluation of projects involving changes in mortality risk conventionally assumes that lives are statistical, i.e., that risks and policy-induced changes in risk are small and similar among a population. In reality, baseline mortality risks and policy-induced changes in risk often...
Persistent link: https://www.econbiz.de/10012753987
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Climate Treaties and Approaching Catastrophes
Barrett, Scott - 2021
If the threshold that triggers climate catastrophe is known with certainty, and the benefits of avoiding catastrophe are high relative to the costs, treaties can easily coordinate countries’ behavior so as to avoid the threshold. Where the net benefits of avoiding catastrophe are lower,...
Persistent link: https://www.econbiz.de/10013315826
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How Should the Distant Future Be Discounted When Discount Rates are Uncertain?
Gollier, Christian; Weitzman, Martin - 2021
It is not immediately clear how to discount distant-future events, like climate change, when the distant-future discount rate itself is uncertain. The so-called “Weitzman-Gollier puzzle” is the fact that two seemingly symmetric and equally plausible ways of dealing with uncertain future...
Persistent link: https://www.econbiz.de/10013316287
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The Life Satisfaction Approach to Environmental Valuation
Frey, Bruno S.; Luechinger, Simon; Stutzer, Alois - 2021
In many countries environmental policies and regulations are implemented to improve environmental quality and thus individuals’ well-being. However, how do individuals value the environment? In this paper, we review the Life Satisfaction Approach (LSA) representing a new non-market valuation...
Persistent link: https://www.econbiz.de/10013316297
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'Mitigation, Adaptation, Suffering' : In Search of the Right Mix in the Face of Climate Change
Tulkens, Henry; van Steenberghe, Vincent - 2021
The usually assumed two categories of costs involved in climate change policy analysis, namely abatement and damage costs, hide the presence of a third category, namely adaptation costs. This dodges the determination of an appropriate level for them. Including adaptation costs explicitly in the...
Persistent link: https://www.econbiz.de/10013316316