The paper investigates the efficient extraction path in a partial equilibrium model with exhaustible resource, the usage of which is characterized by return flows, and a backstop to analyze the sequence of the resource use. It is shown that in the presence of users with different return flow...

Concerns about carbon emissions from fossil fuel-based electricity generation have led to interest in the promotion of “renewable energy.” Around the world, many countries now employ “renewable portfolio standards” or “green quotas,” which stipulate a minimum percentage of total...

Environmental problems are threatening China's sustainable future. China began implementation of several environmental policies for the late 1970s and stringency of the regulations is increasing over time. We utilize a province-level economy wide data set over 1987-2001 to measure various...

Environmental problems are threatening China's sustainable future. China began implementation of several environmental policies for the late 1970s and stringency of the regulations is increasing over time. We utilize a province-level economy wide data set over 1987-2001 to measure various...

This paper examines the causality linkages between economic growth, renewable energy consumption, CO2 emissions and domestic investment in Tunisia between 1971 and 2010. Using the ARDL bounds testing approach to cointegration, long-run relationships between the variables are identified. On the...

This paper tested the effects of the 2005 vehicle emission-control law issued in Japan on the market linkages between the U.S. and Japanese palladium futures markets. To determine these effects, we applied a cointegration test both with and without break points in the time series and found that...

Analyzing a dynamic general equilibrium model that incorporates endogenous and directed technical change and environmental constraints, Acemoglu et al. (2012) present thought-provoking discussions on green growth and environmental disaster. For the clarity of argument, they place a restriction...

Real investments involving irreversibility and ambiguity embed a positive quasi-option value under ambiguity (q.o.v.a.), which modifies the evaluation of an investment decision involving depletion of natural resources by increasing the value of delaying. Q.o.v.a. depends on the specific...

Real investments involving irreversibility and ambiguity embed a positive quasi-option value under ambiguity (q.o.v.a.), which modifies the evaluation of an investment decision involving depletion of natural resources by increasing the value of delaying. Q.o.v.a. depends on the specific...

Conjoint analysis is a stated-preference technique for eliciting valuations of nonmarket, multi-attribute commodities. Recently it has begun to be used in environmental economics as an alternative to contingent valuation. In applications to environmental economics, though, conjoint analysis has...