Resource and Energy Economics最新文献

Discounting and extraction behavior in continuous time resource experiments 连续时间资源实验中的折现与提取行为

IF 3.1 3区经济学

Resource and Energy Economics Pub Date : 2025-08-21 DOI: 10.1016/j.reseneeco.2025.101531

Marion Davin, Dimitri Dubois, Katrin Erdlenbruch, Marc Willinger

引用次数: 0

Land scarcity, sustainable uses and environmental policies 土地短缺，可持续利用和环境政策

IF 3.1 3区经济学

Resource and Energy Economics Pub Date : 2025-08-20 DOI: 10.1016/j.reseneeco.2025.101532

Alessandro Bellocchi , Enrico Saltari , Giuseppe Travaglini

{"title":"Land scarcity, sustainable uses and environmental policies","authors":"Alessandro Bellocchi , Enrico Saltari , Giuseppe Travaglini","doi":"10.1016/j.reseneeco.2025.101532","DOIUrl":"10.1016/j.reseneeco.2025.101532","url":null,"abstract":"<div><div>We present a dynamic model of land use in a small economy, where land is a fixed resource that can either be used for food consumption, resulting in pollution, or invested in natural capital. Land scarcity imposes a quantity constraint that creates a trade-off between these alternative uses. This constraint shapes the dynamics of the system, influencing its differential equations and leading to a differential–algebraic system of equations (DAE). This approach represents a novelty compared to environmental dynamic models that rely solely on differential equations. Using this analytical framework, we show that shadow prices and stocks are closely interconnected and must be determined simultaneously. We use the DAE system to explore the impact of supranational policies aimed at achieving broader environmental goals on land allocation in the small economy. We derive <em>two</em> main results. First, the relative effectiveness of policy instruments is determined by the <em>pollution intensity of consumption</em>: when pollution intensity is low, incentives that promote land investment in natural capital are more efficient; conversely, when pollution intensity is high, regulatory measures that limit land use for consumption become more effective. Second, although <em>temporary policies</em> do not affect the long-run steady state of the system, they significantly accelerate the transition toward a more sustainable land allocation in the medium term.</div></div>","PeriodicalId":47952,"journal":{"name":"Resource and Energy Economics","volume":"84 ","pages":"Article 101532"},"PeriodicalIF":3.1,"publicationDate":"2025-08-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144885878","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

Complexities in the simple optimization of wood production and carbon sinks 简单优化木材生产和碳汇的复杂性

IF 3.1 3区经济学

Resource and Energy Economics Pub Date : 2025-08-19 DOI: 10.1016/j.reseneeco.2025.101533

Samuli Korhonen, Olli Tahvonen

{"title":"Complexities in the simple optimization of wood production and carbon sinks","authors":"Samuli Korhonen, Olli Tahvonen","doi":"10.1016/j.reseneeco.2025.101533","DOIUrl":"10.1016/j.reseneeco.2025.101533","url":null,"abstract":"<div><div>To resolve several open issues in the forestry and carbon literature, we apply an analytically solvable stand-level model for optimizing the values of wood production and carbon sinks. We show that when stand volume development has a peak, locally optimal finite and infinite rotation periods may exist simultaneously. With infinite rotation period, forests are most valuable as a carbon storage, and this outcome is shown to depend on discount rate and, in specific situations, on initial stand age. Rotation periods maximizing the pure value of carbon sinks is proved to lengthen with discount rate. In contrast to existing understanding, zero discounting does not render carbon sink enhancement as superfluous; instead, maximizing the average carbon stock in standing forests and in harvested biomass is shown to become the long-run optimality criterion. However, combining carbon sinks with wood production implies that the role of carbon completely disappears when the discount rate approaches zero. The value of carbon sinks changes the rationale of stand value and its development over the rotation. Our results have far-reaching implications in interpreting various carbon sink studies.</div></div>","PeriodicalId":47952,"journal":{"name":"Resource and Energy Economics","volume":"84 ","pages":"Article 101533"},"PeriodicalIF":3.1,"publicationDate":"2025-08-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145010472","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

Sampling of alternatives in spatial decision contexts with logit and logit mixture models: Simulation and application to freshwater recreation in Germany logit和logit混合模型在空间决策背景下的选择抽样：德国淡水娱乐的模拟和应用

IF 3.1 3区经济学

Resource and Energy Economics Pub Date : 2025-08-19 DOI: 10.1016/j.reseneeco.2025.101535

Oliver Becker, Tobias Börger, Jürgen Meyerhoff

{"title":"Sampling of alternatives in spatial decision contexts with logit and logit mixture models: Simulation and application to freshwater recreation in Germany","authors":"Oliver Becker, Tobias Börger, Jürgen Meyerhoff","doi":"10.1016/j.reseneeco.2025.101535","DOIUrl":"10.1016/j.reseneeco.2025.101535","url":null,"abstract":"<div><div>Destination choice modeling is challenging as the number of feasible sites is often very large. Sampling of alternatives has been used successfully to make large choice sets manageable and yields consistent estimates under certain conditions. However, the specific structure of destination choice data has rarely been addressed explicitly. Besides large numbers of alternatives, it is characterized by a skewed distribution of travel costs with few low-cost nearby sites and a disproportionate increase in alternatives with distance. In this paper, we investigate how this characteristic travel cost structure affects the quality of destination choice models estimated on samples of alternatives. Comparing uniform and strategic sampling (Lemp and Kockelman, 2012), we find that (i) strategic sampling reduces bias and improves efficiency relative to uniform sampling, (ii) sampling performance generally declines with stronger travel cost sensitivity, and (iii) the gains from strategic sampling increase as travel cost sensitivity becomes stronger. For multinomial logit, strategic sampling yields high levels of accuracy and precision when drawing as few as 10 out of 20,000 alternatives. For mixed logit, bias is higher, while the protocol still offers substantial performance gains. After presenting Monte Carlo evidence, we apply both sampling approaches to a nationwide freshwater recreation dataset and examine their impact on welfare estimates for two policy scenarios, as well as on bias and efficiency.</div></div>","PeriodicalId":47952,"journal":{"name":"Resource and Energy Economics","volume":"84 ","pages":"Article 101535"},"PeriodicalIF":3.1,"publicationDate":"2025-08-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144912653","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

Ghost fishing and the voluntary adoption of biodegradable gear 幽灵捕鱼和自愿采用生物可降解渔具

IF 3.1 3区经济学

Resource and Energy Economics Pub Date : 2025-08-18 DOI: 10.1016/j.reseneeco.2025.101534

Huu-Luat Do , Todd L. Cherry

{"title":"Ghost fishing and the voluntary adoption of biodegradable gear","authors":"Huu-Luat Do , Todd L. Cherry","doi":"10.1016/j.reseneeco.2025.101534","DOIUrl":"10.1016/j.reseneeco.2025.101534","url":null,"abstract":"<div><div>The use of biodegradable fishing gear is increasingly seen as a way to mitigate the negative impacts associated with abandoned, lost, or otherwise discarded fishing gear (ALDFG), often referred to as “ghost gear”. However, a major concern with such an environmentally friendly technique is its potential to reduce catch efficiency due to its degradable characteristics, which may diminish competitiveness. To contribute to the limited empirical evidence, we conducted a survey experiment to investigate how the effectiveness of biodegradable gear, compared to conventional fishing gear, influences the adoption by Norwegian fishers. Our findings reveal that fishers are willing to adopt biodegradable fishing gear without conditions if its catch efficiency is comparable to conventional gear. We consider alternative adoption conditions and find that, as the relative efficiency of biodegradable gear decreases, the individual adoption decision becomes more conditional on other fishers doing so. These findings suggest that strategic concerns make conditional adoption important to widespread use of biodegradable gear. Specifically, adoption depends on improving the relative catch efficiency of biodegradable gear or implementing policies that lead to widespread adoption. Results indicates that marine environment protection concerns drive adoption, while economic concerns drive opposition.</div></div>","PeriodicalId":47952,"journal":{"name":"Resource and Energy Economics","volume":"84 ","pages":"Article 101534"},"PeriodicalIF":3.1,"publicationDate":"2025-08-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144890245","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

Government-guided voluntary environmental regulations and the entry of green investors: Evidence from the Chinese green factory program 政府引导的自愿性环境法规与绿色投资者的进入：来自中国绿色工厂项目的证据

IF 3.1 3区经济学

Resource and Energy Economics Pub Date : 2025-08-13 DOI: 10.1016/j.reseneeco.2025.101530

Xinze Li , Jiayin Zhu , Qiuyun Zhao , Gaofei Zhang , Yuan Gao

引用次数: 0

Negotiations of oil and gas auxiliary lease clauses: Evidence from Pennsylvania’s Marcellus Shale 油气辅助租赁条款的谈判：来自宾夕法尼亚州Marcellus页岩的证据

IF 3.1 3区经济学

Resource and Energy Economics Pub Date : 2025-08-01 DOI: 10.1016/j.reseneeco.2025.101515

Max Harleman , Pramod Manohar , Elaine L. Hill

{"title":"Negotiations of oil and gas auxiliary lease clauses: Evidence from Pennsylvania’s Marcellus Shale","authors":"Max Harleman , Pramod Manohar , Elaine L. Hill","doi":"10.1016/j.reseneeco.2025.101515","DOIUrl":"10.1016/j.reseneeco.2025.101515","url":null,"abstract":"<div><div>Oil and gas lease negotiations provide mineral owners with the opportunity to negotiate for both compensation and clauses that may protect their health and the enjoyment of their properties. We use optical character recognition to assemble the most comprehensive dataset to date on royalty rates and clauses in nearly 60,000 leases signed in Pennsylvania’s Marcellus Shale. We leverage our data to produce three descriptive findings. First, we find a positive relationship between royalty rates and the prevalence of protective clauses. Second, we find that as development of the shale play progressed over time, royalty rates rose and leases became more likely to contain several protective clauses. Third, we find that royalty rates and the presence of protective clauses bear a weak relationship with the geologic productivity of nearby wells, explained by few firms competing in geographically segregated leasing markets. Some leases simultaneously containing higher royalty rates and more protective clauses suggests that there is a bargaining surplus in leasing markets, though our results do not identify the mechanism through which the surplus is allocated. The allocation appears not to depend on the productivity of the mineral estate, and may instead reflect mineral owners’ differing preferences, negotiating skills, legal resources, and access to information. By documenting 43 clauses found in shale leases and their prevalence — more than double the number identified in past research — we provide critical information that can help mineral owners overcome information asymmetries and increase transparency and equity in leasing markets.</div></div>","PeriodicalId":47952,"journal":{"name":"Resource and Energy Economics","volume":"83 ","pages":"Article 101515"},"PeriodicalIF":3.1,"publicationDate":"2025-08-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144767239","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

Water sharing and equity-efficiency trade-offs: Evidence from a lab-in-the-field experiment in India 水资源共享与公平效率的权衡：来自印度实地实验室实验的证据

IF 2.6 3区经济学

Resource and Energy Economics Pub Date : 2025-07-18 DOI: 10.1016/j.reseneeco.2025.101510

Benjamin Ouvrard , Arnaud Reynaud , Stéphane Cezera , Alban Thomas , Dishant Jojit James , Murudaiah Shivamurthy

引用次数: 0

Does adoption always follow innovation? 创新之后总是采用吗？

IF 2.6 3区经济学

Resource and Energy Economics Pub Date : 2025-07-05 DOI: 10.1016/j.reseneeco.2025.101514

Oliwia Kurtyka, Rania Mabrouk

{"title":"Does adoption always follow innovation?","authors":"Oliwia Kurtyka, Rania Mabrouk","doi":"10.1016/j.reseneeco.2025.101514","DOIUrl":"10.1016/j.reseneeco.2025.101514","url":null,"abstract":"<div><div>The extent to which innovation is good news for environment depends not only on the research and development incentives but also on adoption stimulus. We analyze firm’s choice of abatement technology in vertical chains. A downstream polluting monopoly can sign a contract with an upstream supplier of mature end-of-pipe equipment or develop an in-house clean technology. We show that contracting plays a crucial role in the efficiency of environmental regulation in spurring adoption. We find that polluter’s innovation may be undertaken only to increase bargaining power and a share of industry profits he manages to capture. Consequently, polluter’s and regulator’s interests are not always aligned. The role of regulator as a technology forcing authority is partially confirmed in regions of under-investment. However, the regulator may not be able to trigger innovation and/or adoption if clean technology increases marginal costs too much. On the other hand, regulator may become laxer and oppose innovation in case of over-investment. All these results rely upon the creation of total profits from the integrated vertical structure and the partitioning rule.</div></div>","PeriodicalId":47952,"journal":{"name":"Resource and Energy Economics","volume":"83 ","pages":"Article 101514"},"PeriodicalIF":2.6,"publicationDate":"2025-07-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144631088","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

The price-emissions nexus in U.S. residential electricity markets 美国住宅电力市场的价格-排放关系

IF 2.6 3区经济学

Resource and Energy Economics Pub Date : 2025-06-18 DOI: 10.1016/j.reseneeco.2025.101513

Maryam Feyzollahi, Nima Rafizadeh

引用次数: 0