In many countries environmental policies and regulations are implemented to improveenvironmental quality and thus individuals’ well-being. However, how do individuals valuethe environment? In this paper, we review the Life Satisfaction Approach (LSA) representinga new non-market valuation...

This paper examines households’ preferences for community recycling programs,which have both public and private good dimensions. The data come from a surveyconducted in Seattle, WA that elicited stated preferences for different recyclingsystems (or program changes) relative to status quo with...

This study investigates the dynamic efficiency of an emissionregulation regime where companies competitively pay for emissionlicences. We embed the emission licence market in a Cournotmodel where the price of emission licences is subject to strategictradeoff between licences and abatement...

We study the optimal R&D trajectory in a setting where new technologiesare never perfect backstops in the sense that there is no perfectlyclean technology that eventually solves the pollution problem once andfor all. New technologies have stings attached, i.e. each emits a specificstock...

In this paper we study the short term price behavior of December 2008 future prices for EU emissionallowances. We model returns and volatility dynamics of this price showing that a standard ARMA-GARCHframework is not adequate and that the gaussianity assumption is rejected due to the occurrence...

Our objective in this paper is to assess the acceptability of the ambient tax. Concretely,we ask subjects to choose between (A) an ambient tax and (B) an individual tax system. Incase (A), they actually participate in a game in which their payout depends on all participants'decisions and on...

In this paper we aim - through an ‘experimentally-adapted’ Contingent Valuation survey -to look into the attributes of Ghanaians’ willingness-to-pay for green products. This would help usaddressing two main issues: first, from a theoretical point of view, we shall assess whether...