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Tracing Sustainability in the Long Run : Genuine Savings Estimates 1850 - 2018

McLaughlin, Eoin; Ducoing, Cristián; Oxley, Les - National Bureau of Economic Research - 2023

investment, including human capital (education), and natural resource depletion. Its value as an indicator is determined by its …

Persistent link: https://www.econbiz.de/10014250172

The Economics of Biodiversity Loss

Giglio, Stefano; Kuchler, Theresa; Stroebel, Johannes; … - National Bureau of Economic Research - 2024

We explore the economic effects of biodiversity loss by developing an ecologically-founded model that captures how different species interact to deliver the ecosystem services that complement other factors of economic production. Aggregate ecosystem services are produced by combining several...

Persistent link: https://www.econbiz.de/10014635641

Money (Not) to Burn : Payments for Ecosystem Services to Reduce Crop Residue Burning

Jack, B. Kelsey; Jayachandran, Seema; Kala, Namrata; … - National Bureau of Economic Research - 2022

Particulate matter significantly reduces life expectancy in India. We use a randomized controlled trial in the Indian state of Punjab to evaluate the effectiveness of conditional cash transfers (also known as payments for ecosystem services, or PES) in reducing crop residue burning, which is a...

Persistent link: https://www.econbiz.de/10013462738

Is the Emphasis on Cofinancing Good for Environmental Multilateral Funds?

Kotchen, Matthew J.; Vogt, Andrew - National Bureau of Economic Research - 2023

International environment and development agencies increasingly emphasize external cofinancing when selecting projects to fund. This paper considers whether the emphasis on cofinancing helps promote institutional objectives, or creates perverse and inefficient incentives. We present a model of...

Persistent link: https://www.econbiz.de/10014322845

Variation in State Response to Open Access : Constituent Characteristics

Libecap, Gary D. - National Bureau of Economic Research - 2024

, regulation can be implemented that involves limiting entry, assigning input and related capital controls, restricting …

Persistent link: https://www.econbiz.de/10014468221

Optimal Exploration and Price Paths of a Non-renewable Commodity with Stochastic Discoveries

Ekeland, Ivar; Schlenker, Wolfram; Tankov, Peter; … - National Bureau of Economic Research - 2022

We address the long-standing challenge of adding optimal exploration to the classic Hotelling model of a non-renewable resource. We completely solve such a model, using impulse control. The model, extending Arrow and Chang (1982), has two state variables: "proven" reserves and a finite...

Persistent link: https://www.econbiz.de/10013191029

Bubbles in Prices of Exhaustible Resources

Jovanovic, Boyan - 2007

Aside from the equilibrium that Hotelling (1931) displayed, his model of non-renewable resources also contains a continuum of bubble equilibria. In all the equilibria the price of the resource rises at the rate of interest. In a bubble equilibrium, however, the consumption of the resource peters...

Persistent link: https://www.econbiz.de/10012465330

Hotelling Under Pressure

Anderson, Soren T. - 2014

We show that oil production from existing wells in Texas does not respond to price incentives. Drilling activity and costs, however, do respond strongly to prices. To explain these facts, we reformulate Hotelling's (1931) classic model of exhaustible resource extraction as a drilling problem:...

Persistent link: https://www.econbiz.de/10012458386

Oil Prices, Exhaustible Resources, and Economic Growth

Hamilton, James D. - 2012

This paper explores details behind the phenomenal increase in global crude oil production over the last century and a half and the implications if that trend should be reversed. I document that a key feature of the growth in production has been exploitation of new geographic areas rather than...

Persistent link: https://www.econbiz.de/10012460900

Natural Capital Considerations for an Extension of the U.S. Marine Economy Satellite Account

Wielgus, Jeffrey; Grasso, Mônica; Colgan, Charles S.; … - National Bureau of Economic Research - 2023

additions and reductions) in the environmental capital stock values …This paper proposes an initial extension of MESA to include natural capital considerations by employing key elements of … capital stocks (due to natural growth or improved resource management) and reductions in these stocks (resulting from …

Persistent link: https://www.econbiz.de/10014250126

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