The paper analyzes how adding alternative fuel passenger cars to the market will affect patterns in demand for passenger cars. We use conjoint analysis and a multiple discrete-continuous choice model to estimate consumer preferences regarding alternative fuel vehicles, and based on the estimates...

In order to respond to the challenge of climate change, similar to other countries, Korea has announced various policies to vitalize the development and uptake of renewable energy. The Renewable Portfolio Standard (RPS) is the most striking example of a policy in this area. This study employs a...

As global concern about climate change increases, the need to control and mitigate greenhouse gas emissions is likely to emerge as a worldwide policy agenda. We determined world-wide carbon dioxide (CO2) emission trends and six underlying forces driving emissions from the industry sector with...

Shadow price is one of the most important pieces of information in environmental decision making. Two different approaches—namely, economic and engineering—have been applied to obtain the shadow price of undesirable outputs, while using different methodological backgrounds and perspectives....