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Tradable Permits – a Market-Based Allocation System for the Environment. Tradable Permits and Other Environmental …
Persistent link: https://www.econbiz.de/10011695725
economic growth, have paid great attention to the formation and development of the market economy as a set of institutions able … those issues that the market did not? To what extent did those solutions reflect the structure of an economy? Public Goods …
Persistent link: https://www.econbiz.de/10012505210
Traditionally, economists make a sharp distinction between stated and revealed preferences, viewing the latter as more fully meeting the assumptions of economic analysis. Here, we consider one form of empirical evidence regarding this belief: the consistency of choices in stated and revealed...
Persistent link: https://www.econbiz.de/10010315548
This paper examines the role of simplified heuristics in the formation of preferences for public goods. Political scientists have suggested that voters use simplified heuristics based on the positions of familiar parties to infer how a proposed policy will affect them and to cast a vote in line...
Persistent link: https://www.econbiz.de/10010315585
Endogenous firm location is analyzed in a discrete two-region-two-firm model of product differentiation. In a non-cooperative game, two regional governments first decide on the imposition (or lifting) of domestic production standards; firms then choose technology (clean or polluting), location...
Persistent link: https://www.econbiz.de/10010319313
We study the environmental and economic effects of public abatement in the presence of multiple stable steady-state ecological equilibria. Under shallow-lake dynamics (SLD), the isocline for the stock of pollution features two stable branches, a good and a bad one. Assuming that the ecology is...
Persistent link: https://www.econbiz.de/10010274231
This article analyzes William Baumol's contributions to economics ethics and to business ethics. Furthermore, it … reconstructs his economic explanation of the spectacular growth success experienced in Western market societies. …
Persistent link: https://www.econbiz.de/10011733792
This book provides novel and in-depth perspectives on evaluating environment and sustainability issues in developing countries. Evaluating Environment in International Development focuses on the approaches and experiences of leading international organizations, not-for-profits, and multilateral...
Persistent link: https://www.econbiz.de/10014280302
There are many reasons to suspect that benefit-cost analysis applied to environmental policies will result in policy decisions that will reject those environmental policies. The important question, of course, is whether those rejections are based on proper science. The present paper explores...
Persistent link: https://www.econbiz.de/10010274086
I derive the marginal value of a public good in multiperson households, measured alternatively by one household member’s willingness to pay (WTP) for the good on behalf of the household, or by the sum of individual WTP values across family members. Households are assumed to allocate their...
Persistent link: https://www.econbiz.de/10010284356