Journal of Environmental Economics and Management最新文献_第2页

The cost-efficiency carbon pricing puzzle 碳定价的成本效益之谜

IF 5.5 3区经济学

Journal of Environmental Economics and Management Pub Date : 2024-09-21 DOI: 10.1016/j.jeem.2024.103062

Christian Gollier

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引用次数: 0

Resource dependence, recycling, and trade 资源依赖、循环利用和贸易

IF 5.5 3区经济学

Journal of Environmental Economics and Management Pub Date : 2024-09-20 DOI: 10.1016/j.jeem.2024.103064

Peter H. Egger , Christian Keuschnigg

引用次数: 0

Carbon market design and market sentiment 碳市场设计和市场情绪

IF 5.5 3区经济学

Journal of Environmental Economics and Management Pub Date : 2024-09-20 DOI: 10.1016/j.jeem.2024.103057

Grischa Perino

{"title":"Carbon market design and market sentiment","authors":"Grischa Perino","doi":"10.1016/j.jeem.2024.103057","DOIUrl":"10.1016/j.jeem.2024.103057","url":null,"abstract":"<div><div>Concerns about systematic price distortions in the EU Emission Trading System (ETS) have risen in recent years. This paper shows how carbon-market design affects the impact of market sentiment, i.e. systematic deviations of price expectations from fundamentals by at least some market participants, on equilibrium prices. The Market Stability Reserve (MSR) of the EU ETS that adjusts supply based on past allowance banking undermines self-stabilization of the carbon market by discouraging rational intertemporal arbitrage. The MSR increases vulnerability of the EU ETS to market sentiments. Initially, the allowance price responds more to distorted expectations while the MSR (partially) prevents the distortion to spread across periods. Making the MSR more responsive to banking decisions increases the likelihood that distorted expectations turn out to be correct ex post. In contrast, a mechanism that adjust the cap based on the current allowance price does not face a trade off between stabilizing prices in the present and the future.</div></div>","PeriodicalId":15763,"journal":{"name":"Journal of Environmental Economics and Management","volume":"128 ","pages":"Article 103057"},"PeriodicalIF":5.5,"publicationDate":"2024-09-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S0095069624001311/pdfft?md5=638cfae0ea37b21c06d089ce5df7ce2d&pid=1-s2.0-S0095069624001311-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142314953","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

The effect of extreme temperatures on evictions 极端气温对驱逐的影响

IF 5.5 3区经济学

Journal of Environmental Economics and Management Pub Date : 2024-09-20 DOI: 10.1016/j.jeem.2024.103055

Dylan Brewer, Sarah Goldgar

引用次数: 0

The more the better? Synergies of prosocial interventions and effects on behavioural spillovers 越多越好？亲社会干预措施的协同作用和对行为溢出效应的影响

IF 5.5 3区经济学

Journal of Environmental Economics and Management Pub Date : 2024-09-19 DOI: 10.1016/j.jeem.2024.103061

Marius Alt , Hendrik Bruns , Nives Della Valle

{"title":"The more the better? Synergies of prosocial interventions and effects on behavioural spillovers","authors":"Marius Alt , Hendrik Bruns , Nives Della Valle","doi":"10.1016/j.jeem.2024.103061","DOIUrl":"10.1016/j.jeem.2024.103061","url":null,"abstract":"<div><div>Incentivising prosocial and pro-environmental behaviours is a sensitive endeavour. While behavioural change is urgently needed to mitigate the consequences of climate change, monetary interventions often have negative side effects. Such interventions are prone to motivation crowding, which can impede lasting positive behavioural change and stimulate negative temporal spillovers to other prosocial behaviours. In this study, we investigate whether implementing monetary interventions as part of policy mixes can mitigate these negative side effects. In an online experiment involving 3782 participants, we test whether the use of nudges that make personal and social norms salient can counteract the motivation-crowding effect and explore the effects of such policy mixes on temporal spillovers. We find that policy mixes of norm-based nudges and monetary incentives are more effective at stimulating engagement in targeted prosocial behaviour than no intervention when controlling for sample characteristics. Analysing the temporal spillover effects of these interventions reveals that policy mixes can alleviate the tendency of monetary incentives to negatively affect subsequent prosocial behaviour. This indicates that norm-based nudges are suitable complements to monetary interventions, facilitating long-lasting positive effects.</div></div>","PeriodicalId":15763,"journal":{"name":"Journal of Environmental Economics and Management","volume":"128 ","pages":"Article 103061"},"PeriodicalIF":5.5,"publicationDate":"2024-09-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142322546","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Do time-of-use prices deliver energy savings at the right time? 分时价格是否能在正确的时间节约能源？

IF 5.5 3区经济学

Journal of Environmental Economics and Management Pub Date : 2024-09-17 DOI: 10.1016/j.jeem.2024.103054

Zheng Fu , Kevin Novan , Aaron Smith

引用次数: 0

Transmission of flood damage to the real economy and financial intermediation: Simulation analysis using a DSGE model 洪水灾害对实体经济和金融中介的影响：利用 DSGE 模型进行模拟分析

IF 5.5 3区经济学

Journal of Environmental Economics and Management Pub Date : 2024-09-16 DOI: 10.1016/j.jeem.2024.103058

Ryuichiro Hashimoto , Nao Sudo

{"title":"Transmission of flood damage to the real economy and financial intermediation: Simulation analysis using a DSGE model","authors":"Ryuichiro Hashimoto , Nao Sudo","doi":"10.1016/j.jeem.2024.103058","DOIUrl":"10.1016/j.jeem.2024.103058","url":null,"abstract":"<div><div>We assess physical risk associated with floods in Japan, using a dynamic stochastic general equilibrium (DSGE) model. We construct a model that incorporates transmission mechanism of floods and estimate the model using the data of flood-induced damage to capital stock and public infrastructure collected by the government in the last 40 years. The result of the analysis is threefold. First, a flood that reduces the private capital stock by about 0.1% as a direct effect causes GDP to fall by about 0.1% in the first period, with a gradual recovery to pre-flood level. Second, floods dampen GDP through multiple channels. From the supply side, a decline in capital stock inputs and total factor productivity (TFP) reduce GDP. From the demand side, the balance sheets of firms and financial intermediaries are impaired, resulting in disruptions to financial intermediation and depressing GDP. Based on our estimates, all these channels are quantitatively comparable in magnitude. Third, the quantitative impacts of flood shocks on GDP up to now have been minor compared to the standard structural shocks that are considered important in existing macroeconomic studies. However, according to the estimates that use the relationship between the key variables in our model together with climate change scenarios published by the Network for Greening the Financial System (NGFS), the impacts of these shocks could become somewhat larger in the future.</div></div>","PeriodicalId":15763,"journal":{"name":"Journal of Environmental Economics and Management","volume":"128 ","pages":"Article 103058"},"PeriodicalIF":5.5,"publicationDate":"2024-09-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142322547","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Do green parties affect local waste management policies? 绿党是否会影响当地的废物管理政策？

IF 5.5 3区经济学

Journal of Environmental Economics and Management Pub Date : 2024-09-14 DOI: 10.1016/j.jeem.2024.103056

Augusto Cerqua , Nadia Fiorino , Emma Galli

引用次数: 0

Rainwater shocks and economic growth: The role of the water cycle partition 雨水冲击与经济增长：水循环分区的作用

IF 5.5 3区经济学

Journal of Environmental Economics and Management Pub Date : 2024-09-12 DOI: 10.1016/j.jeem.2024.103047

François Bareille , Raja Chakir , Charles Regnacq

{"title":"Rainwater shocks and economic growth: The role of the water cycle partition","authors":"François Bareille , Raja Chakir , Charles Regnacq","doi":"10.1016/j.jeem.2024.103047","DOIUrl":"10.1016/j.jeem.2024.103047","url":null,"abstract":"<div><p>This paper improves our understanding of how rainwater impacts economic growth by investigating the effects of overlooked properties of the water cycle. First, we consider the natural separation of rainwater into <em>flows</em> of <em>blue water</em> (i.e., the water that runs off towards rivers) and <em>green water</em> (i.e., that remaining in the soil). Second, we account for the presence of surface and groundwater <em>stocks</em>. These considerations allow us to comprehensively address the whole partition of rainwater, which, upon reaching the ground, splits into distinct water resources that determine water availability inland. Our analyses on a global panel coupling sub-national economic and hydrological data show that rainwater does increase growth, but do so differently depending on its partition. Specifically, blue water leads to more economic growth than green water at the margin, but, because two thirds of terrestrial water is green, the latter contributes more to growth in total. By missing this crucial partition, we find that commonly used rainwater measurements overstate rainwater’s contribution to growth (by about two). Our analyses further indicate that, although groundwater reserves always mitigate the impacts of rainwater reduction on growth, surface water reserves sometimes amplify regional dependence to rainwater (depending on sector, income and reserve types).</p></div>","PeriodicalId":15763,"journal":{"name":"Journal of Environmental Economics and Management","volume":"128 ","pages":"Article 103047"},"PeriodicalIF":5.5,"publicationDate":"2024-09-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142238488","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Environmental protection for bureaucratic promotion: Water quality performance review of provincial governors in China 环境保护促进官僚晋升：中国省长的水质绩效考核

IF 5.5 3区经济学

Journal of Environmental Economics and Management Pub Date : 2024-09-12 DOI: 10.1016/j.jeem.2024.103060

Liguo Lin , Wei Sun , Jinhua Zhao

引用次数: 0