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Electric utilities can reduce sulfur dioxide emissions through a variety of strategies such as adding scrubbers, switching to low- sulfur coal, or shifting output between generating plants with different emissions. The cost of achieving a given emission target can be minimized using a market for...
Persistent link: https://www.econbiz.de/10013246062
years of state commission regulation. Examples of an adaptive response pattern on the part of regulators, firms and …
Persistent link: https://www.econbiz.de/10012774607
Nearly 40% of England's privately built waterworks were municipalised in the late 19th century. We examine how this affected public health by pairing annual mortality data for over 600 registration districts, spanning 1869 to 1910, with detailed waterworks information. Identification is aided by...
Persistent link: https://www.econbiz.de/10012984124
This paper discusses the fundamental underpinnings and some implications of transaction cost regulation (TCR), a …. TCR sees regulation as the governance structure of these interactions, and thus, as in standard transaction cost economics … possible institutional alternative. In that sense, politics becomes fundamental to understanding regulation as the governance …
Persistent link: https://www.econbiz.de/10013130971
Regulators and firms often use incentive schemes to attract skillful agents and to induce them to put forth effort in pursuit of the principals' goals. Incentive schemes that reward skill and effort, however, may also punish agents for adverse outcomes beyond their control. As a result, such...
Persistent link: https://www.econbiz.de/10012775480
Greater historical perspective is needed to enlighten current debate about future human responses to higher temperatures and increased precipitation variation. We analyze the impact of climatic conditions and variability on agricultural production in five semi-arid western states. We assemble...
Persistent link: https://www.econbiz.de/10013149986
The paper provides an integrated framework to assess water markets in terms of their institutional underpinnings and the three 'pillars' of integrated water resource management: economic efficiency, equity and environmental sustainability. This framework can be used: (1) to benchmark different...
Persistent link: https://www.econbiz.de/10013069511
Providing clean water requires maintenance, as well as the initial connections that are typically measured. Frequently, the water supply fails in the developing world, especially when users don't pay the marginal cost of water. This paper uses the timing of frequent, unexpected water service...
Persistent link: https://www.econbiz.de/10012947661
We explore the first period of sustained decline in child mortality in the U.S. and provide estimates of the independent and combined effects of clean water and effective sewerage systems on under-five mortality. Our case is Massachusetts, 1880 to 1920, when authorities developed a sewerage and...
Persistent link: https://www.econbiz.de/10013021026
This article provides an overview of the use of field experiments in energy and resource economics. I concentrate on two areas of study; field experiments that (i) speak to the use of dynamic pricing plans to manage the use of electricity and water and (ii) explore the adoption of energy saving...
Persistent link: https://www.econbiz.de/10013030057