With a population of about 1.1 billion, India is expected to overtake China as the world's most populous country by 2030. India's economy ranks as Asia's third largest, after Japan and China, and is now one of the world's fastest growing. While growth has led to significant reductions in...

We consider private provision of an environmental public good and the link between voluntary pollution-abatement markets and the optimal level of mandatory environmental regulation. We show that voluntary abatement markets react to the level of mandatory abatement imposed and that an optimal...

Tackling the problem of ecosystem services degradation is an important policy challenge. Different types of economic instruments have been employed by conservation agencies to meet this challenge. Notable among them are Payment for Ecosystem Services (PES) schemes that pay private landowners to...

The development of a market in groundwater usage rights can be inhibited by constraints arising from the institutional context. Such impediments may reduce the potential gains from trade and may generate high transaction costs for prospective traders. We analyse the regulations and policies...

In 2015, West Virginia will implement a Renewable and Alternative Energy Portfolio Standards Act. Meeting these standards with either natural gas or wind power will generate different welfare impacts across society. In particular, this study examined how energy source and generation proximity...

In this paper, the amount of farmers’ trading cost in Jordan Lake will be estimated based on farmers’ willingness to accept (WTA) for participating in water quality trading (WQT) program and then the amount of innovative premium will be interpreted based on the trading cost. In order to...