The problem of global climate change presents overwhelming factual, analytical, and normative challenges. Nordhaus surveys this terrain bravely and mostly successfully. He explains the scientific/economic consensus that the planet is warming, that people are responsible, that the consequences...

Based on a contingent valuation study in Shanghai the authors assess people’s willingness to contribute personally to the alleviation of environmental problems occurring in distant parts of the country. One split of survey assessed Shanghai residents’ willingness to pay for the preservation...

The contingent valuation (CV) method uses respondents’ stated choices made in hypothetical situations to infer their preferences for environmental public goods. It enables the general public’s preferences to be stated in monetary terms and hence to estimate the economic value of a change in...

The treatment of the opportunity cost of travel time in travel cost models has been an area of research interest for many decades. This analysis develops a methodology to combine the travel distance and travel time data with respondent-specific estimates of the value of travel time savings. The...

A central task in microeconomics is to predict choices in as-yet-unobserved situations (e.g., after some policy intervention). Standard approaches can prove problematic when sufficiently similar changes have not been observed or do not have observable exogenous causes. We explore an alternative...

In many empirical contingent valuation studies one finds that household size, i.e. the number of household members, is negatively correlated with stated household willingness to pay for the realization of environmental projects. This observation is rather puzzling because in larger households...

Climate extreme events are constantly increasing. What is the effect of these potentially catastrophic events on insurance demand in Italy, with particular reference to the economic activities? Extreme precipitation events over most of the midlatitude land masses and over wet tropical regions...

This paper addresses environment management in East Asia. We first set out to examine whether the latecomer’s economies in East Asia enjoy technological spillover effects or suffer pollution haven damages in their environmental pollution management, in other words, which of latecomer’s...

Seit dem 1. Januar 2012 muss sich der Luftverkehr in Europa am Europäischen Emissionshandel beteiligen. Dies betrifft alle Flugliniengesellschaften, die auf dem Kontinent starten oder landen. Warum wird aber nur der Luftverkehr zum Handel mit Emissionszertifikaten verpflichtet und nicht der...

The main objective of this study was to identify the critical factors that affecting the implementation of environmental management systems (EMSs) of manufacturing SMEs in Sri Lanka. Out of twelve factors, management commitment, professional expertise, financial resources, stakeholders and...