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Optimal Cleanup and Liability after Environmentally Harmful Discharges
Polinsky, A. Mitchell - 2011
This article studies how liability for environmentally harmful discharges affects the incentives of firms to engage in cleanup and invest in precautions, as well as the incentives of consumers to purchase the goods whose production leads to discharges. Our main conclusion is that making firms...
Persistent link: https://www.econbiz.de/10013124354
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Climatic Constraints on Aggregate Economic Output
Burke, Marshall - 2019
Efficient responses to climate change require accurate estimates of both aggregate damages and where and to whom they occur. While specific case studies and simulations have suggested that climate change disproportionately affects the poor, large-scale direct evidence of the magnitude and...
Persistent link: https://www.econbiz.de/10012870073
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From Fog to Smog : The Value of Pollution Information
Barwick, Panle Jia - 2019
moment in the history of its environmental regulations. We present the first empirical analysis of this natural experiment by … exploiting its staggered implementation across cities. The program has transformed the landscape of China's environmental … protection, substantially expanded public access to pollution information, and dramatically increased households' awareness about …
Persistent link: https://www.econbiz.de/10012858023
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The Effect of Allowance Allocations on Cap-and-Trade System Performance
Hahn, Robert W. - 2010
We examine an implication of the "Coase Theorem" which has had an important impact both on environmental economics and … on public policy in the environmental domain. Under certain conditions, the market equilibrium in a cap-and-trade system … can establish the overall pollution-reduction goal for a cap-and-trade system by setting the cap, and leave it up to the …
Persistent link: https://www.econbiz.de/10013146260
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An Input-Output Model of the U.S. Economy with Pollution Externality
Muller, Nicholas Z. - 2016
-O (EEIO) models include flows of both pollution and consumption of resources and energy. The present paper proposes a … complete characterization of the air pollution damage flows throughout the U.S. economy. Pollution intensity fell from 7 … percent of value-added in 1999 to 2 percent in 2011. The utility sector exhibits the highest ratio of pollution damage from …
Persistent link: https://www.econbiz.de/10012996385
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International Trade and the Environment : A Framework for Analysis
Copeland, Brian R.; Taylor, M. Scott - 2021
This paper sets out a general equilibrium pollution and trade model to provide a framework for examination of the trade … and environment debate. The model contains as special cases a canonical pollution haven model as well as the standard … Heckscher-Ohlin-Samuelson factor endowments model. We draw quite heavily from trade theory, but develop a simple pollution …
Persistent link: https://www.econbiz.de/10013230175
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Shale Shocked : Cash Windfalls and Household Debt Repayment
Cookson, Tony; Gilje, Erik; Heimer, Rawley - 2022
How do persistent cash flow shocks affect debt repayment across the distribution of households? Using individual data on natural gas shale royalty payments matched with credit bureau data for 215,639 consumers, we estimate that individuals repay 33 cents of debt per dollar of windfall, and that...
Persistent link: https://www.econbiz.de/10013406379
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Prospects for Nuclear Power
Davis, Lucas W. - 2011
The prospects for a revival of nuclear power were dim even before the partial reactor meltdowns at the Fukushima nuclear plant. Nuclear power has long been controversial because of concerns about nuclear accidents, proliferation risk, and the storage of spent fuel. These concerns are real and...
Persistent link: https://www.econbiz.de/10013117387
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Shale Public Finance : Local Government Revenues and Costs Associated with Oil and Gas Development
Newell, Richard G. - 2015
Oil and gas development associated with shale resources has increased substantially in the United States, with important implications for local governments. These governments tend to experience increased revenue from a variety of sources, such as severance taxes distributed by the state...
Persistent link: https://www.econbiz.de/10013015969
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Learning by Drilling : Inter-Firm Learning and Relationship Persistence in the Texas Oilpatch
Kellogg, Ryan - 2010
This paper examines the importance of learning-by-doing that is specific not just to individual firms, but to pairs of firms working together in a contracting relationship. Using new, detailed data from the oil and gas industry, I find that the joint productivity of an oil production company and...
Persistent link: https://www.econbiz.de/10013152553