Advocates of natural resource accounting argue for the revision and refonnulation of national accounting practices in order to better account for the depletion and degradation of a nation's resource stocks and environmental assets. The literature is predicated on three key assumptions: that...

This paper reports a laboratory experiment that studies several specific features of the Regional Clean Air Incentives Market (RECLAIM), a tradable emission permit program intended to lower the cost of meeting federal air quality standards in the Los Angeles area. It assesses the impact of some...

There is evidence that investors value environmental performance disclosure by companies. This paper attempts to determine whether this environmental performance information affects share price. An index of environmental performance is constructed from a survey of the commitment of corporations...

The impacts on domestic industries and the quality of the environment of permitting industrial hemp production in the United States are explored. These impacts are modelled in three States of the World, that reflect alternative assumptions about technology.

This paper tries to test the effect of environmental friendliness on compliance behaviour using data from a tradable emissions program currently running in Los Angeles.

The Fire Management Program (FMP) of the Victorian Department of Natural Resources and Environment is responsible for the prevention and suppression of fires on public land in the State of Victoria. The value of publicly-provided fire suppression and prevention activities is a function of the...

This paper compares alternative estimates of the extent of Australia's greenhouse gas (GHG) emissions. While the total amount cannot be known with certainty, debate concerning appropriate policies to deal with and monitor emissions must rely on estimates. However, it is shown that there are...

Time series data consisting of 671 observations of seawater temperature, observed at irregular intervals off Maria Island, Hobart, Australia, over a period of 50 years, are examined. The mean temperature exhibits an approximately linear trend which is taken as evidence of glabal warming.

Survey evidence suggests that consumers care about the environment and are willing to pay a higher price for a product that generates less environmental harm. We induce buyer preferences over quality in a laboratory posted offer market to study sellers' incentives to offer products of differing...

This paper examines the consumption of water by households that are individually metered (single-metered households) and those sharing a water meter (group-metered households).