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Are the Dixit-Pindyck and the Arrow-Fisher-Henry-Hanemann Option Values Equivalent?
Aslaksen, Iulie; Synnestvedt, Terje - 2004
The relationship between the concept of option value in the literature on environmental preservation and the financial theory of option value is discussed by Fisher (2000), suggesting an equivalence between the two concepts. In a recent paper, Mensink and Requate (2004) argue that Fisher's claim...
Persistent link: https://www.econbiz.de/10011968160
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The Effects of Environmental Regulation On Technology Diffusion: The Case of Chlorine Manufacturing
Stavins, Robert; Snyder, Lori; Miller, Nolan - 2003
We use a hazard model to estimate the effect of environmental regulation on the diffusion of membrane cell production technology in the chlorine manufacturing industry. We estimate the effect of regulation on both the adoption of the membrane technology at existing plants and on the exit of...
Persistent link: https://www.econbiz.de/10005442359
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Does Improved Environmental Policy Enhance Economic Growth? Endogenous Growth Theory Applied to Developing Countries
Rosendahl, Knut Einar - 1994
environment on production are central in the analysis, and we examine whether an optimal path realizes more rapid economic growth …
Persistent link: https://www.econbiz.de/10011967886
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Poverty, Land Degradation and Climatic Uncertainty
Grepperud, Sverre - 1996
producers are poor and risk averse. The incentives for soil conservation improve for the same two reasons when soil conservation …
Persistent link: https://www.econbiz.de/10011967934
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Soil Depletion Choices under Production and Price Uncertainty
Grepperud, Sverre - 1997
This paper studies soil depletion incentives in a dynamic economic model under two different sources of revenue … predict how risk aversion may influence soil conservation incentives detailed information is needed about input use and … soil degradation, risk averse preferences will strengthen the incentives for soil conservation under output price …
Persistent link: https://www.econbiz.de/10011967958
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Cost-effective environmental policy: Implications of induced technological change
Rosendahl, Knut Einar - 2002
Cost-effective environmental policy generally requires that all emission sources are faced with the same tax. In this paper I discuss how the existence of induced technological change may alter this result, if at least some of the effect is external to the firm. Focusing on learning by doing...
Persistent link: https://www.econbiz.de/10011968084
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Corporate environmental protection under uncertainty
Aslaksen, Iulie; Synnestvedt, Terje - 2003
incentives for early investments. However, introducing a market share increase linked to the investment, the tax uncertainty may … strengthen the incentives for early investments. …
Persistent link: https://www.econbiz.de/10011968125
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Environmental risk and the precautionary principle. "Late lessons from early warnings" applied to genetically modified plants
Aslaksen, Iulie; Natvig, Bent; Nordal, Inger - 2004
in policy responses to GMO risk. We first discuss application of the criteria in the European Environment Agency report … uncertainty. Finally, environmental uncertainties are intertwined with economic uncertainties. Providing incentives for improved … of how such incentives can be provided. …
Persistent link: https://www.econbiz.de/10011968168
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"The worth of a wildflower" Precautionary perspectives on the environmental risk of GMOs
Aslaksen, Iulie; Myhr, Anne Ingeborg - 2006
How much is a wildflower worth? Inspired by "The worth of a songbird" by Funtowicz and Ravetz (1994) we use the value of a wildflower as symbol of the complexity of evaluating environmental qualities and risks. We critically discuss the application of cost-benefit analysis in evaluating...
Persistent link: https://www.econbiz.de/10011968246
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Damming the Commons: An Empirical Analysis of International Cooperation and Conflict in Dam Location
Olmstead, Sheila M.; Sigman, Hilary - 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/10010959436