Showing 1 - 10 of 140
-market valuation ; cost-benefit analysis ; air pollution …
Persistent link: https://www.econbiz.de/10003897543
Airport noise is costly. Airport location is typically associated with lower property prices. Airport expansion often sparks protests by local residents. In this paper, I provide new evidence on the costs of airport-related noise (and other disamenities of airports) for individuals. In contrast...
Persistent link: https://www.econbiz.de/10003872205
This paper considers the problem of a water management authority faced with the threat of a drought that hits at an uncertain date. Three management policies are investigated: i) a laissez-faire (open-access) policy of automatic adjustment through a zero marginal private net benefit condition,...
Persistent link: https://www.econbiz.de/10011497789
. In addition, there is greater depletion of the groundwater in wells near the two highways relative to wells located …
Persistent link: https://www.econbiz.de/10014340116
We present results for two contingent valuation surveys conducted in Hamilton, Canada and the US to elicit WTP for mortality risk reductions. We find similar Value of Statistical Life estimates across the two studies, ranging from USD 930,000 to USD 4.8 million (2000 US dollars). WTP increases...
Persistent link: https://www.econbiz.de/10011409036
When deciding on the social desirability of public investment, the cost of a project is sometimes adjusted by a factor known as the Marginal Cost of Public Funds (MCPF) which captures the cost of raising public funds through distortionary taxation. However, there is no scholarly consensus on...
Persistent link: https://www.econbiz.de/10014234016
We study the optimal and equilibrium size of cities in a city system model with environmental pollution. Pollution is …, if pollution is local or per capita pollution increases with population, we find that equilibrium cities are too large …. When pollution is global and per capita pollution declines with city size, however, equilibrium cities may be too small …
Persistent link: https://www.econbiz.de/10011554401
which exhibits distortions due to pollution, external landfilling costs and inefficient product design. The allocative …
Persistent link: https://www.econbiz.de/10009781631
We introduce a "smart" cap and trade system that eliminates the welfare costs of asymmetric information (“uncertainty”). This cap responds endogenously to technology or macroeconomic shocks, relying on the market price of certificates to aggregate information. It allows policy makers to...
Persistent link: https://www.econbiz.de/10012438358
robust to a host of sensitivity tests. These results suggest that air pollution plays an important role in mediating the …
Persistent link: https://www.econbiz.de/10012298669