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The problem of the commons is more important to our lives and thus more central to economics than a century ago when Katharine Coman led off the first issue of the American Economic Review. As the U.S. and other economies have grown, the carrying-capacity of the planet - in regard to natural...
Persistent link: https://www.econbiz.de/10010272375
This essay reviews the implementation experience with three main applications of tradable permit systems: air pollution control, water supply and fisheries management. Opening with a brief summary of the theory behind these programs and both the economic and environmental consequences...
Persistent link: https://www.econbiz.de/10011335705
The objectives pursued by governments managing fisheries may include maximizing profits, minimizing the impact on the marine ecosystem, or securing employment, which all require adjusting the composition of the fishing fleet. We develop a management plan that can be adapted to those objectives...
Persistent link: https://www.econbiz.de/10010279575
This paper uses a non-market valuation study to elicit consumers' preferences for a marine restoration programme in the Black Sea aiming to reduce the level of public health risk from bathing and improve water quality and the overall level of marine biodiversity. In this context, we administer a...
Persistent link: https://www.econbiz.de/10010279612
developers, especially for subsidies. Inexperienced developers are more responsive to liability relief and regulatory relief than … they are to subsidies. Similar considerations hold true for larger developers. …
Persistent link: https://www.econbiz.de/10011325036
climate regimes.Against this background, this paper discusses carbon/energy taxes, subsidies, energy efficiency standards, eco …
Persistent link: https://www.econbiz.de/10011608853
The European Union Emission Trading System (EU ETS) is a landmark environmental policy, representing the world's first large-scale greenhouse gas (GHG) trading program. The coexistence of state actors and top-down processes with stakeholders participation and flexible abatement strategies make...
Persistent link: https://www.econbiz.de/10010312622
Valuing ecosystem services with microeconomic underpinnings presents challenges because these services typically constitute nonmarket values and contribute to human welfare indirectly through a series of ecological pathways that are dynamic, nonlinear, and difficult to quantify and link to...
Persistent link: https://www.econbiz.de/10010312292
Industrial pollution can have damaging effects on resource-based productive sectors. International trade creates opportunities for overexploitation of the open-access renewable resources but also for separating the sectors spatially. The paper shows that, depending on the relative damage...
Persistent link: https://www.econbiz.de/10010312485
We examine the impact of providing a 'no-choice' option in an attribute based valuation experiment. The aim of the experiment was to assess monetary values of cockle fishery management practices in the Dutch Wadden Sea for different stakeholder groups, namely Dutch citizens, local residents, and...
Persistent link: https://www.econbiz.de/10010312500