This paper studies a market in pollution permits launched in Los Angeles in 1994. This tradable permit market has been projected to lead to substantial cost savings due to the flexibility it provides firms in terms of compliance with environmentarl egulation. This paper shows that transaction...

Hydroelectric power plants can quickly and inexpensively respond to changes in electricity demand. However, this operational flexibility can cause negative environmental impacts and these environmental effects are mitigated through direct restrictions on hydropower operations, rather than taxes...

Conservation tillage on farms can improve downstream water quality. Using a dual-interests theoretical framework guided by the metaeconomics approach, this paper examines the role of self-interest and shared other-interest in the conservation tillage adoption decision. The data is from a 2007...

While water markets have long been advocated as a tool for both enhancing water use efficiency and enabling conservation purchases, their interaction with water rights and licenses has been little studied. It is shown that when water rights are not tradable, using spot markets to secure...

Emissions trading takes place from two alternative baselines: 1) emission reduction credits (ERCs) in which the baseline is existing regulations which are often activity-based; or 2) cap-and-trade which specifies the total allowable emissions. This paper examines the effects of these two tradable...

We investigate the effect of introducing a fiscally neutral increasing block rate water budget price structure on residential water demand. We estimate that demand was reduced by around 17%, although the reduction was achieved gradually over more than three years. As intermediate steps we derive...

We compare cost-of-illness (COI) and willingness-to-pay (WTP) estimates of the damages from minor respiratory symptoms associated with air pollution, using data from a study in Taiwan in 1991-92. A contingent valuation survey was conducted to estimate WTP to avoid minor respiratory illnesses....

This paper addresses the issue of price negotiation between a municipality and a private water utility operator, and its implications for residential water demand estimation. We use appropriate econometric procedures to estimate a water demand equation on a panel of French municipalities. We...

This study estimates the value of wetland amenities in the Portland, Oregon, metropolitan area using the hedonic property price model. Residential housing and wetland data are used to relate the sales price of a property to structural characteristics, neighborhood attributes, and amenities of...

The yellow floating heart is a water weed causing nuisance problems in Swedish watercourses. An economic analysis where various management options are considered is required. Using a choice experiment, we estimate the benefits of a weed-management program and perform a cost-benefit analysis. In...