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Valuing Ecosystem Services in General Equilibrium

Carbone, Jared C. - 2010

We explore the consequences of treating the multiple, non-market benefits associated with improvements in ecosystem … health and the market economy from which damage to these ecosystems stems as an integrated system. We find that willingness … to pay measures of use-based ecosystem services are impacted by the changes in demand for complementary market goods …

Persistent link: https://www.econbiz.de/10013146266

The Use of Group-Level Approaches to Environmental and Natural Resource Policy

Kotchen, Matthew J.; Segerson, Kathleen - 2022

Policies to address environmental and natural resource management are often implemented at the group level. The defining feature of such policies is that penalties or rewards are based on group rather than individual performance, or rights are allocated to a group rather than to individuals....

Persistent link: https://www.econbiz.de/10013299172

Envirodevonomics : A Research Agenda for a Young Field

Greenstone, Michael - 2013

(4) market failures such as weak property rights and missing capital markets drive a wedge between true and revealed …

Persistent link: https://www.econbiz.de/10013076183

Fat Tails, Thin Tails, and Climate Change Policy

Pindyck, Robert S. - 2010

Climate policy is complicated by the considerable compounded uncertainties over the costs and benefits of abatement. We don't even know the probability distributions for future temperatures and impacts, making cost-benefit analysis based on expected values challenging to say the least. There are...

Persistent link: https://www.econbiz.de/10013138396

The Effect of Allowance Allocations on Cap-and-Trade System Performance

Hahn, Robert W. - 2010

on public policy in the environmental domain. Under certain conditions, the market equilibrium in a cap-and-trade system … theory and in practice. A number of factors can call the independence property into question theoretically, including market …

Persistent link: https://www.econbiz.de/10013146260

Optimal Environmental Taxation in the Presence of Other Taxes : General Equilibrium Analyses

Bovenberg, Ary Lans - 2014

This paper examines the optimal setting of environmental taxes in economies where other, distortionary taxes are present. We employ analytical and numerical models to explore the degree to which, in a second best economy, optimal environmental tax rates differ from the rates implied by the...

Persistent link: https://www.econbiz.de/10013067997

The Effect of Allowing Pollution Offsets with Imperfect Enforcement

Sigman, Hilary - 2014

Public policies for pollution control, including climate change policies, sometimes allow polluters in one sector subject to an emissions cap to offset excessive emissions in that sector with pollution abatement in another sector. The government may often find it more costly to verify offset...

Persistent link: https://www.econbiz.de/10013068478

Environmental Macroeconomics : Environmental Policy, Business Cycles, and Directed Technical Change

Heutel, Garth - 2014

Environmental economics has traditionally fallen in the domain of microeconomics, but recently approaches from macroeconomics have been applied to studying environmental policy. We focus on two macroeconomic tools and their application to environmental economics. First, real business cycle...

Persistent link: https://www.econbiz.de/10013064589

The Economics of Climate Change

Goulder, Lawrence H.; Pizer, William A. - 2021

Global climate change poses a threat to the well-being of humans and other living things through impacts on ecosystem functioning, biodiversity, capital productivity, and human health. This paper briefly surveys recent research on the economics of climate change, including theoretical insights...

Persistent link: https://www.econbiz.de/10013249385

Technological Change and the Environment

Jaffe, Adam B.; Newell, Richard G.; Stavins, Robert N. - 2021

Environmental policy discussions increasingly focus on issues related to technological change. This is partly because the environmental consequences of social activity are frequently affected by the rate and direction of technological change, and partly because environmental policy interventions...

Persistent link: https://www.econbiz.de/10013233728