In recent years, China has faced tremendous pressure to reduce carbon dioxide emissions. At the COP 15 United Nations Climate Change Conference in Copenhagen in 2009, China committed itself to achieve a 40%¨C45% per GDP carbon dioxide emission reduction in the near future. To reach this goal,...

The travel cost method (TCM) is a revealed preference approach to evaluating the recreation benefit. The traditional application of the TCM is to measure the consumer surplus of recreation sites and activities by calculating the consumer surplus of the site as the area below the demand function...

This study is intended to show, using simulation analyses, the validity of using a discount rate for changing combinations of the pure rate of time preference and the elasticity of marginal utility of consumption. Furthermore, this study explores climate stabilization policies, both global and...

After the Great East Japan Earthquake of 2011, government investment in the disaster stricken areas was provided for reconstruction of capital stock damaged, and dynamic analysis is needed to reveal the long-term effects of investment. On the other hand, government investment for reconstruction...