The worsening degradation of natural resources urgently requires the adoption ofmore sustainable management practices. This need has led to growing interest andinvestment in monitoring systems for tracking the condition of natural resources.Although grounded in concepts of sustainability, the...

In order to improve public health in areas with air quality problems, the US Clean Air Act imposes a variety of federal regulations on gasoline, which have led to a proliferation of fuel blends known as “boutique fuels.” More than 45 fuel blends are sold nationwide. We examine the effects of...

Indonesia has identified a large amount of geothermal resource potential throughout the islands. However, geothermal utilization is presently low. One of the main reasons is due to limited government funds to develop the resources. Another contributing factor is the high prices charged by...

This paper develops an endogenous growth model which links pollution to ineffective input-use, which can be reduced through conservation capital investment. It derives the conditions under which individual preferences for environmental quality and private investment in conservation capital can...

This paper presents a framework to determine optimal resource allocation over time for the production of a good by heterogeneous producers who generate a stock externality. We analyze the optimal intertemporal and quality-specific combination of abatement strategies at the source given by a...

This study presents a framework to analyze how uncertainty about product attributes affects consumers' WTP for brand name products over generic ones, incorporating key elements of a random utility model and product attribute models. We found that in comparison to electronics, clothing, and...

Resource purchasing funds have become a major tool for environmental protection and resource conservation. These funds use various strategies to target resources for environmental conservation, the choice of which may lead to striking differences in environmental performance. This paper develops...

Major externality cases are random accidents which are not adequately addressed by the deterministic environmental policy literature -­‐ that of Pigouvian taxes, abatement subsidies and cap-­‐and-­‐trade. We consider a risk-­‐neutral industry where firms control the probability...

We develop a model of regulation of environmental risks in a heterogeneousindustry when policy makers are sensitive to uncertainties about the processes generating the risks. Optimal source reduction capacity is shown to vary according to site suitability. Optimal source reduction capacity and...

A key argument in the societal debate against polices tosupport biofuels is that production of these alternative fuelsmay in fact consume more energy than they generate andemit more greenhouse gases than they sequester (Fargione etal., 2008; Searchinger et al., 2008; Rajagopal and Zilberman,2007; Farrell et...