Can environmental economists influence policy? If so, how? This paper addresses these two questions using the late David Pearce’s career as a case study. Influence can be exercised, but Pearce’s career shows that certain conditions must be met. The first is desire: he wanted to influence...

David Pearce's Blueprint for a Green Economy, based on a report for the then Conservative UK government, encouraged a major change of government view to the effect that market-based policies "offer the prospect of a more efficient and flexible response to environmental issues". The policies he...

Until now, there has been little empirical evidence that EU Emissions Trading Scheme (ETS) transaction costs are incurred at firm level. The transaction costs (internal costs, capital costs, consultancy and trading costs) incurred by Irish firms under the EU ETS during its pilot phase...

This paper explores the potential of using subjective well-being (SWB) data to valueenvironmental attributes. A theoretical framework compares this method, also known as the lifesatisfaction approach, with the standard hedonic pricing approach, identifying their similarities and differences. As...

Hedonic wage regressions show little evidence that European workers facing larger job risks and other workplace disamenities receive higher wages. On the other hand, workers in more risky or unpleasant jobs are less satisfied with their jobs, ceteris paribus. If labor markets were perfectly...

A growing literature in economics uses subjective well-being data collected in surveys as a proxy for utility. Environmental economists have combined these data with the public goods experienced by respondents using a novel non-market valuation approach: the experienced preference approach. In...