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Climate-Related Natural Disasters and Voting Behavior: Evidence from Environmental Legislation in the US Senate 与气候有关的自然灾害和投票行为:来自美国参议院环境立法的证据
IF 3.6 3区 经济学
Journal of the Association of Environmental and Resource Economists Pub Date : 2022-09-16 DOI: 10.1086/722540
R. Elliott, Viet Nguyen-Tien, E. Strobl, T. Tveit
{"title":"Climate-Related Natural Disasters and Voting Behavior: Evidence from Environmental Legislation in the US Senate","authors":"R. Elliott, Viet Nguyen-Tien, E. Strobl, T. Tveit","doi":"10.1086/722540","DOIUrl":"https://doi.org/10.1086/722540","url":null,"abstract":"This study investigates whether US senators are more likely to vote in favor of environmentally friendly legislation following damages caused by climate-related natural disasters. We combine senatorial scores of roll call votes on environmental legislation with modeled state-level human and economic natural disaster losses over a 44-year period. Our results show that support for environmental legislation increases in response to unusual human losses but does not respond to unusual economic losses. We also find that the documented response to natural disasters is two years and relatively short-lived. Geography, constituent partisanship, local economic conditions, and senatorial experience affect the magnitude and precision of the treatment effect.","PeriodicalId":47114,"journal":{"name":"Journal of the Association of Environmental and Resource Economists","volume":null,"pages":null},"PeriodicalIF":3.6,"publicationDate":"2022-09-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42482829","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: 1
A Discounting Rule for the Social Cost of Carbon 碳排放社会成本的折现规则
IF 3.6 3区 经济学
Journal of the Association of Environmental and Resource Economists Pub Date : 2022-09-01 DOI: 10.1086/718145
R. Newell, W. Pizer, Brian C. Prest
{"title":"A Discounting Rule for the Social Cost of Carbon","authors":"R. Newell, W. Pizer, Brian C. Prest","doi":"10.1086/718145","DOIUrl":"https://doi.org/10.1086/718145","url":null,"abstract":"We develop a discounting rule for estimating the social cost of carbon (SCC) given uncertain economic growth. Diminishing marginal utility of income implies a relationship between the discount rate term structure and economic growth uncertainty. In the classic Ramsey framework, this relationship is governed by parameters reflecting pure time preference and the elasticity of the marginal utility of consumption, yet disagreement remains about the values of these parameters. We calibrate these parameters to match empirical evidence on both the future interest rate term structure and economic growth uncertainty, while also maintaining consistency with discount rates used for shorter-term benefit-cost analysis. Such an integrated approach is crucial amid growth uncertainty, where growth is also a key determinant of climate damages. This results in an empirically driven, stochastic discounting rule to be used in estimating the SCC that also accounts for the correlation between climate damage estimates and discount rates.","PeriodicalId":47114,"journal":{"name":"Journal of the Association of Environmental and Resource Economists","volume":null,"pages":null},"PeriodicalIF":3.6,"publicationDate":"2022-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44978856","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: 16
Testing the Dismal Theorem 检验沉闷定理
IF 3.6 3区 经济学
Journal of the Association of Environmental and Resource Economists Pub Date : 2022-09-01 DOI: 10.1086/720612
D. Anthoff, R. Tol
{"title":"Testing the Dismal Theorem","authors":"D. Anthoff, R. Tol","doi":"10.1086/720612","DOIUrl":"https://doi.org/10.1086/720612","url":null,"abstract":"Weitzman’s “dismal theorem” has that the expected net present value of a stock problem with a stochastic growth rate with unknown variance is unbounded. Cost-benefit analysis can therefore not be applied to greenhouse gas emission control. We use the generalized central limit theorem to show that the dismal theorem can be tested, in a finite sample, by estimating the tail index. We apply this test to social cost of carbon estimates from three commonly used integrated assessment models and to previously published estimates. Two of the three models do not support the dismal theorem, but the third one does for low discount rates and most estimators. The meta-analysis does offer qualified support for the dismal theorem.","PeriodicalId":47114,"journal":{"name":"Journal of the Association of Environmental and Resource Economists","volume":null,"pages":null},"PeriodicalIF":3.6,"publicationDate":"2022-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49053878","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: 2
Martin Weitzman: A Gift That Keeps on Giving 马丁·魏茨曼：一份不断给予的礼物
IF 3.6 3区 经济学
Journal of the Association of Environmental and Resource Economists Pub Date : 2022-09-01 DOI: 10.1086/721093
Robert Stavins, Gernot Wagner
{"title":"Martin Weitzman: A Gift That Keeps on Giving","authors":"Robert Stavins, Gernot Wagner","doi":"10.1086/721093","DOIUrl":"https://doi.org/10.1086/721093","url":null,"abstract":"THIS SPECIAL ISSUE IS A REMINDER that the world lost a truly remarkable scholar when Martin Weitzman sadly passed away in 2019. Across five decades, he explored policy options for the most challenging issues—from unemployment and inflation in the 1970s to climate change in the twenty-first century. In this article, we provide a brief biography and personal remembrance of Weitzman and describe how his contributions advanced the thinking of environmental economists, and the thoughts and actions of policy makers on many fundamental issues. We conclude with a brief description of the articles that follow in this issue. Weitzman was a treasure—a gift that kept on giving to the research and policy worlds—for Harvard University, for economists around the world, and for the global intellectual community. His work as an economic theorist who addressed a broad set of problems, and as an environmental economist who for over a decade focused on climate change, was unparalleled and formed the basis for theoretical and empirical work carried out by legions of economists and other scholars around the world. Weitzman’s contributions to environmental economics in particular were unprecedented, helped to shape the field for nearly five decades, and as the papers in this volume show undoubtedly set the direction for many more years to come. If economic theory is about stripping a problem down to its absolute essentials and deriving meaningful insights from those essentials, thenWeitzman was a master. Over and over again, he demonstrated how careful and rigorous analysis of artfully constructed","PeriodicalId":47114,"journal":{"name":"Journal of the Association of Environmental and Resource Economists","volume":null,"pages":null},"PeriodicalIF":3.6,"publicationDate":"2022-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43988597","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
Climate Change Impact on Economic Growth: Regional Climate Policy under Cooperation and Noncooperation 气候变化对经济增长的影响:合作与不合作的区域气候政策
IF 3.6 3区 经济学
Journal of the Association of Environmental and Resource Economists Pub Date : 2022-08-18 DOI: 10.1086/722274
Y. Cai, William Brock, A. Xepapadeas
{"title":"Climate Change Impact on Economic Growth: Regional Climate Policy under Cooperation and Noncooperation","authors":"Y. Cai, William Brock, A. Xepapadeas","doi":"10.1086/722274","DOIUrl":"https://doi.org/10.1086/722274","url":null,"abstract":"We develop a novel analysis of climate change and policy regarding climate damages to growth under regional cooperation or noncooperation. We introduce a new stylized climate module and compute the regional social cost of carbon (SCC) when climate change impacts the growth rate of regional GDP under cooperation and noncooperation between regions. We find that in the presence of climate damage to economic growth, the regional SCC is high in either a cooperative or a noncooperative world, implying that it is optimal for each region to choose stringent climate policies. Moreover, relative to cooperation, noncooperation reduces the GDP of countries in both high northern latitudes and the tropics, while the loss for developing countries in the tropics is especially significant. The welfare losses to the tropics are larger still in the absence of compensatory transfers from wealthier regions most responsible for climate change.","PeriodicalId":47114,"journal":{"name":"Journal of the Association of Environmental and Resource Economists","volume":null,"pages":null},"PeriodicalIF":3.6,"publicationDate":"2022-08-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41937565","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: 2
Revisiting the Gap between the Willingness to Pay and Willingness to Accept for Public Goods 重新审视公共物品的支付意愿与接受意愿之间的差距
IF 3.6 3区 经济学
Journal of the Association of Environmental and Resource Economists Pub Date : 2022-08-02 DOI: 10.1086/721995
Christian A Vossler, Stéphane Bergeron, M. Doyon, D. Rondeau
{"title":"Revisiting the Gap between the Willingness to Pay and Willingness to Accept for Public Goods","authors":"Christian A Vossler, Stéphane Bergeron, M. Doyon, D. Rondeau","doi":"10.1086/721995","DOIUrl":"https://doi.org/10.1086/721995","url":null,"abstract":"Large differences between willingness to pay (WTP) and willingness to accept (WTA) compensation measures have raised concerns over the validity of stated preference methods for valuing public goods. These differences have also motivated the use of WTP scenarios, even where property rights imply a WTA framing. We argue that WTA-WTP gaps can be reduced by deploying incentive-compatible surveys and controlling for game form misconceptions, including a failure of respondents to view the survey as consequential. In a study of large-scale wetland conservation, and using a scenario-specific consequentiality measure, we find that the WTA/WTP ratio is between 4.8 and 6.5 for respondents unlikely to have perceived the survey to be consequential. The ratio falls below 2 for respondents likely to hold consequentiality beliefs. Using incentive-compatible mechanisms and controlling for game form misconceptions could be the path to ensuring valid welfare estimates.","PeriodicalId":47114,"journal":{"name":"Journal of the Association of Environmental and Resource Economists","volume":null,"pages":null},"PeriodicalIF":3.6,"publicationDate":"2022-08-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41420170","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: 1
Investment Incentives in Tradable Emissions Markets with Price Floors 具有价格下限的可交易排放市场中的投资激励
IF 3.6 3区 经济学
Journal of the Association of Environmental and Resource Economists Pub Date : 2022-07-15 DOI: 10.1086/721755
T. Cason, J. Stranlund, Frans P. de Vries
{"title":"Investment Incentives in Tradable Emissions Markets with Price Floors","authors":"T. Cason, J. Stranlund, Frans P. de Vries","doi":"10.1086/721755","DOIUrl":"https://doi.org/10.1086/721755","url":null,"abstract":"Concerns about cost containment and price volatility have led regulators to include price controls in many cap-and-trade markets. We study how these controls affect firms’ incentives to invest in the adoption of abatement technologies in a model with abatement cost uncertainty. Price floors increase investment incentives because they raise the expected benefits from lowering abatement costs. We also report a market experiment that features abatement cost uncertainty and the opportunity for cost-reducing investment, with and without a price floor. Consistent with the theoretical model, investment is significantly greater with the price floor in place. Emissions permit prices also respond as predicted to abatement investments and emissions shocks. In particular, prices are only responsive to investment and shocks when the price floor is not implemented.","PeriodicalId":47114,"journal":{"name":"Journal of the Association of Environmental and Resource Economists","volume":null,"pages":null},"PeriodicalIF":3.6,"publicationDate":"2022-07-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45637039","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: 7
Open Space in US Urban Areas: Where Might There Be Too Much or Too Little of a Good Thing? 美国城市地区的开放空间：哪里可能有太多或太少的好事？
IF 3.6 3区 经济学
Journal of the Association of Environmental and Resource Economists Pub Date : 2022-07-15 DOI: 10.1086/721756
Junjie Wu, Jialing Yu, W. Oueslati
{"title":"Open Space in US Urban Areas: Where Might There Be Too Much or Too Little of a Good Thing?","authors":"Junjie Wu, Jialing Yu, W. Oueslati","doi":"10.1086/721756","DOIUrl":"https://doi.org/10.1086/721756","url":null,"abstract":"The considerable variations in the share of open space across US cities raise two questions: What determines the optimal amount of open space in an urban area? Is the existing amount socially optimal? To address these questions, we first process data to measure the amount of natural, preserved, and developable open space in US metropolitan areas. We then develop a framework to characterize the optimal amount of open space in an urban area. This framework reveals that the geography-imposed land scarcity, price elasticities of housing demand and supply, economies of scale in municipal services provision, and marginal benefits from open-space conservation are the key parameters that determine the optimal amount of open space. By implementing the framework empirically, we find that most US metropolitan areas—97.39% according to our preferred model—have insufficient open space in their developed areas and additional open-space conservation in those areas will improve social welfare.","PeriodicalId":47114,"journal":{"name":"Journal of the Association of Environmental and Resource Economists","volume":null,"pages":null},"PeriodicalIF":3.6,"publicationDate":"2022-07-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49524126","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: 1
Success, Failure, and Information: How Households Respond to Energy Conservation Goals 成功、失败和信息:家庭如何应对节能目标
IF 3.6 3区 经济学
Journal of the Association of Environmental and Resource Economists Pub Date : 2022-07-12 DOI: 10.1086/721094
Alastair Fraser
{"title":"Success, Failure, and Information: How Households Respond to Energy Conservation Goals","authors":"Alastair Fraser","doi":"10.1086/721094","DOIUrl":"https://doi.org/10.1086/721094","url":null,"abstract":"This paper investigates how households respond to repeated energy conservation goals. I track households’ program participation and electricity use decisions across successive annual energy conservation challenges offered by a large electrical utility company. I find that households’ decisions whether to re-enroll in the program and attempt a subsequent goal are highly sensitive to their success or failure in achieving their energy conservation goal but not to the financial incentive to continue participating or to their level of past effort. This suggests that households are either responding to the emotional and normative aspects of success and failure or are substantially inattentive to information that is provided directly to them. I also find that households’ electricity use reduces each year they participate yet rebounds when they stop participating.","PeriodicalId":47114,"journal":{"name":"Journal of the Association of Environmental and Resource Economists","volume":null,"pages":null},"PeriodicalIF":3.6,"publicationDate":"2022-07-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41817096","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: 1
Air Quality Impacts of Shale Gas Development in Pennsylvania 宾夕法尼亚州页岩气开发对空气质量的影响
IF 3.6 3区 经济学
Journal of the Association of Environmental and Resource Economists Pub Date : 2022-07-12 DOI: 10.1086/721430
Ruohao Zhang, Huan Li, N. Khanna, A. Krupnick, E. Hill, D. Sullivan
{"title":"Air Quality Impacts of Shale Gas Development in Pennsylvania","authors":"Ruohao Zhang, Huan Li, N. Khanna, A. Krupnick, E. Hill, D. Sullivan","doi":"10.1086/721430","DOIUrl":"https://doi.org/10.1086/721430","url":null,"abstract":"We estimate the impact of shale gas development on particulate matter pollution using a quasi-experimental setting in Pennsylvania where some wells were developed to produce natural gas whereas other wells were permitted but not drilled. In doing so, we utilize a novel empirical approach drawing upon insights from atmospheric chemistry to account for windblown pollution spillovers in a difference-in-differences framework. Utilizing a high frequency, high resolution satellite-based measure of PM pollution between 2000 and 2018, we identify causal increases in PM2.5 concentration ranging from 0.017 μg/m3 to 0.062 μg/m3 in the vicinity of over 20,000 wells, resulting in approximately 20 additional deaths between 2010 and 2017.","PeriodicalId":47114,"journal":{"name":"Journal of the Association of Environmental and Resource Economists","volume":null,"pages":null},"PeriodicalIF":3.6,"publicationDate":"2022-07-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46433588","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: 4
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