We study how restricting CO2 emissions affects resource prices and depletion over time. We use a Hotelling-style model with two non-renewable fossil fuels that differ in their carbon content (e.g. coal and natural gas) and in addition are imperfect substitutes in final good production. We show...

It is widely recognized that technological change has the potential to reduce GHG emissions without compromising economic growth; hence, any better understanding of the process of technological innovation is likely to increase our knowledge of mitigation possibilities and costs. This paper...

Objetivou-se analisar os efeitos das externalidades negativas no meio ambiente,abordar o Teorema de Coase no que se refere ao problema de definição dos direitos depropriedade. Adicionalmente, o trabalho explica a teoria econômica da externalidade e ilustra com exemplos. Descreve o...

In discrete choice experiments respondents are generally assumed to consider all of the attributes across each of the alternatives, and to choose their most preferred. However, results in this paper indicate that many respondents employ simplified lexicographic decision-making rules, whereby...

Using data from 1995 and 1996, we estimate the cost of the Arizona Enhanced I/M Program and the emission reductions achieved. We begin by enumerating briefly the components of I/M costs and discuss their size and incidence. Then we describe the empirical information from Arizona and how we use...

Standard models of management of a single-species fishery generally assume that the biomass is of known size and that it is generated by a well-specified deterministicgrowth law. In reality the biomass is of uncertain size and usually subject to random growth. Several authors have addressed the...

Trees cast shade on homes and buildings, lowering the inside temperatures and thus reducingdemand for power to cool these buildings during hot times of the year. Drawing from a largesample of residences in Auburn, Alabama, we develop a statistical model that produces specificestimates of the...

The overall aim of this study is to empirically investigate the cost structure of a management agreement typeagri-environmental instrument and to identify factors for cost variation over space and time. We control for theactual level of compliance by using compliance weighted average scheme cost...

Most terrestrial biological invasions occur in landscapes comprising numerous, independently managed properties. Thus, control of invasion spread generally depends on the choices of many managers, each deciding the extent to control invasions on their property. Here we develop a...