Two research programs are brought together to contribute to the growing body of work on alternatives to standard welfare-based approaches to environmental valuation and policy. The first is the theoretical literature undermining the "new welfare economics." The second is the growing body of work...

In the economics of climate change, the future benefits of greenhouse gas emissions abatement are commonly discounted at a rate equal to the long-run return on corporate stocks, which averaged 6% per year during the 20th century. Since a 6% discount rate implies that one dollar of benefits...

This study looks at two distinct questions: What have been the most influential journal articles in environmental economics over the ten year period 1994-2003? and, how much overlap is there between the fields of environmental and ecological economics? We examine the references in all articles...

This article describes the contribution economists can make in uncovering energy choices capable of reducing carbon emissions on a global scale. All production and consumption activities involve the use of energy, and economists possess theoretical and analytic frameworks relating production and...

This paper provides global and individual country estimates of sulfur emissions from 1991-2000. Raw estimates are obtained in two ways. For countries and years with published data I compile that data from the available sources. For the remaining countries and for missing years for countries with...

This paper seeks to identify the major factors that affect the demand for investment goods in the United States. A review of Keynes’ theoretical literature on investment and previous empirical studies identified eight possible variables for testing. The testing procedure was stepwise linear...

This paper examine the economics of the mega-greenhouse effect under two scenarios. One caps total CO2 levels and the other limits annual emission rates.

This paper evaluates the role of trade as mechanism of economic adjustment to the impacts of climate change on agriculture. The study uses a model of the world economy able to reflect changes in comparative advantage; the model is used to test the hypotheses that trade can assure that, first,...

The debate over various definitions of sustainability has for the most part been conducted within the framework of traditional welfare economics. Discussion has centered on technical issues imbedded within the functional forms of various optimization models, especially the coefficient of the...

This paper studies the influence of R&D in the federal laboratory system, the world's largest, on firm research. Our results are based on a sample of 220 industrial research laboratories that work with a variety of federal laboratories and agencies and are owned by 115 firms in the chemicals,...