Matthew N. Reimer , Joshua K. Abbott , Alan C. Haynie
{"title":"Structural behavioral models for rights-based fisheries","authors":"Matthew N. Reimer , Joshua K. Abbott , Alan C. Haynie","doi":"10.1016/j.reseneeco.2022.101294","DOIUrl":"https://doi.org/10.1016/j.reseneeco.2022.101294","url":null,"abstract":"<div><p>Rights-based management is prevalent in many fisheries, yet conventional spatiotemporal models of fishing behavior do not reflect such institutional settings. We adapt random utility maximization (RUM) models of spatiotemporal fishing behavior to capture the general equilibrium dynamics of catch-share fisheries by incorporating endogenously determined equilibrium quota prices. We demonstrate how a structural estimation strategy is capable of recovering policy-invariant behavioral parameters and predicting out-of-sample counterfactual policies. We illustrate the utility of our structural modeling approach by evaluating the efficacy of “ecosystem-based” policies, such as spatial closures, in a catch-share-managed fishery. Simulation results reveal that such policies have the potential to distort price signals in the quota market and prevent quota prices from coordinating fishing behavior in an efficient manner. Ecosystem-based policies may thus fall short of their intended objectives when introduced into rights-based managed fisheries. Importantly, we demonstrate that such conclusions cannot easily be drawn from behavioral models that omit or approximate the general equilibrium dynamics of rights-based fisheries.</p></div>","PeriodicalId":47952,"journal":{"name":"Resource and Energy Economics","volume":null,"pages":null},"PeriodicalIF":2.9,"publicationDate":"2022-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S0928765522000112/pdfft?md5=96d7ce2e09ff5863ed501afa8714c133&pid=1-s2.0-S0928765522000112-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"72290571","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}
{"title":"Using consumer’s surplus to bound willingness to pay for non-market goods","authors":"Jon R. Neill","doi":"10.1016/j.reseneeco.2021.101276","DOIUrl":"10.1016/j.reseneeco.2021.101276","url":null,"abstract":"<div><p>Measuring willingness to pay for non-market goods continues to be problematic for the benefit-cost analyst. This note presents a new procedure for placing a lower bound on that value. The measure identified herein offers the advantage of not requiring any assumptions that are not empirically verifiable, and can be taken using the market demand schedule for any good that has the quantity of the non-market good consumed as an argument.</p></div>","PeriodicalId":47952,"journal":{"name":"Resource and Energy Economics","volume":null,"pages":null},"PeriodicalIF":2.9,"publicationDate":"2022-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44435119","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}
Yuelu Xu , Levan Elbakidze , Haw Yen , Jeffrey G. Arnold , Philip W. Gassman , Jason Hubbart , Michael P. Strager
{"title":"Integrated assessment of nitrogen runoff to the Gulf of Mexico","authors":"Yuelu Xu , Levan Elbakidze , Haw Yen , Jeffrey G. Arnold , Philip W. Gassman , Jason Hubbart , Michael P. Strager","doi":"10.1016/j.reseneeco.2021.101279","DOIUrl":"10.1016/j.reseneeco.2021.101279","url":null,"abstract":"<div><p>An integrated hydro-economic agricultural land use model was developed with endogenous and spatially explicit crop planting, nitrogen (N) fertilizer use and irrigation in the Mississippi River Basin (MRB). We used the model to quantify the effects of energy and N fertilizer prices on N runoff to the Gulf of Mexico. Results show a modest effect of energy costs and a more substantive impact of N fertilizer costs on N delivered to the Gulf of Mexico. A 30 % reduction (increase) in N fertilizer price leads to a 3.5 % and 1.5 % increase (2.9 % and 1.5 % decrease) in N use and runoff, respectively. The model was also used to estimate the opportunity cost of N runoff abatement. The opportunity cost of reducing N runoff from crop production to the Gulf by 45 % is estimated to be $6 billion annually, which corresponds to an average cost of $29.3 per kg of N runoff reduction. The results show heterogeneities in the optimal N runoff reduction efforts across counties within the MRB, demonstrating the significance of a targeted abatement strategy.</p></div>","PeriodicalId":47952,"journal":{"name":"Resource and Energy Economics","volume":null,"pages":null},"PeriodicalIF":2.9,"publicationDate":"2022-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S0928765521000646/pdfft?md5=be844588b8b7a65a2793611957ca5c34&pid=1-s2.0-S0928765521000646-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49303611","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}
Philippe Delacote , Gwenolé Le Velly , Gabriela Simonet
{"title":"Revisiting the location bias and additionality of REDD+ projects: the role of project proponents status and certification","authors":"Philippe Delacote , Gwenolé Le Velly , Gabriela Simonet","doi":"10.1016/j.reseneeco.2021.101277","DOIUrl":"10.1016/j.reseneeco.2021.101277","url":null,"abstract":"<div><p>Since the establishment of REDD+, hundreds of projects have emerged around the globe. Much attention has been given to REDD+ projects in the literature, but the conditions under which they are likely to be effective are still not well known. In particular, the location bias concept states that projects are more likely to be implemented in remote areas, where development pressure is low, hence questioning the additionality of these projects. In this article, we examine this concept, assessing how the status of REDD+ project proponents and the project certification influence the choice of location and the project's additionality. Using a sample of six REDD+ projects in Brazil, we show that these two dimensions can impact location choice toward areas with higher or lower opportunity costs and that this choice can impact additionality. We also show that the selection of an area with low opportunity costs, which is frequently presented as a location bias, does not necessarily preclude additionality.</p></div>","PeriodicalId":47952,"journal":{"name":"Resource and Energy Economics","volume":null,"pages":null},"PeriodicalIF":2.9,"publicationDate":"2022-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49516294","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}
{"title":"Sell green and buy green: A signaling theory of green products","authors":"Hyoshin Ki, Jeong-Yoo Kim","doi":"10.1016/j.reseneeco.2021.101266","DOIUrl":"10.1016/j.reseneeco.2021.101266","url":null,"abstract":"<div><p>In this paper, we reconsider the information problem of consumers who are concerned about the environment that was first identified by <span>Mahenc, 2007</span>, <span>Mahenc, 2008</span>. We obtain the result that Intuitive Criterion selects the unique equilibrium in which a seller producing eco-friendly products separates itself from the seller producing eco-unfriendly products by distorting its price from its first-best price upwards to the least costly degree. That is, a high price signals environmental friendliness. This is contrasted with the result of <span>Mahenc (2007)</span> who obtains the pooling equilibrium as the unique outcome (if the product is very likely to be eco-friendly) by using the concept of the undefeated equilibrium. We also examine the effect of the subsidy policy to promote consumptions of environmentally-friendly products by using Intuitive Criterion. Interestingly, a selective subsidy scheme can separate the high type from the low type but cannot provide the seller a strong enough incentive to invest in the environmental-friendly technology. We also show that if the motive of the monopolist, whether it is solely profit-maximizing or involves concerns for the environment, is its private information, a high price can signal the monopolist's environmental concerns and its voluntary choice of the eco-friendly technology.</p></div>","PeriodicalId":47952,"journal":{"name":"Resource and Energy Economics","volume":null,"pages":null},"PeriodicalIF":2.9,"publicationDate":"2022-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41884406","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}
{"title":"More incentive, less pollution: The influence of official appraisal system reform on environmental enforcement","authors":"Jin Guan , Dongwei He , Qigui Zhu","doi":"10.1016/j.reseneeco.2021.101283","DOIUrl":"10.1016/j.reseneeco.2021.101283","url":null,"abstract":"<div><p>This paper sheds light on the effectiveness of a target-based performance evaluation system (TPES) on strenghening local environmental enforcement in China. We conduct a difference-in-differences (DiD) specification and then exploit unique firm-level data to examine whether the TPES reform facilitates SO<sub>2</sub> reductions in local firms. The results indicate that SO<sub>2</sub><span> emissions from local polluting firms have been significantly reduced both in extensive and intensive margins. We also find that local environmental enforcement has been comprehensively enhanced across industries and larger private and joint-equity firms are relatively more regulated. Furthermore, local firms respond to this reform mainly by using the end-of-pipe treatment and upgrading the much cleaner production process rather than reducing the production over the period.</span></p></div>","PeriodicalId":47952,"journal":{"name":"Resource and Energy Economics","volume":null,"pages":null},"PeriodicalIF":2.9,"publicationDate":"2022-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43823923","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}
Pak-Sing Choi , Ana Espínola-Arredondo , Félix Muñoz-García
{"title":"Environmental policy helping antitrust decisions: Socially excessive and insufficient merger approvals","authors":"Pak-Sing Choi , Ana Espínola-Arredondo , Félix Muñoz-García","doi":"10.1016/j.reseneeco.2021.101267","DOIUrl":"10.1016/j.reseneeco.2021.101267","url":null,"abstract":"<div><p>This paper considers firms’ incentives to merge under imperfect competition, where we allow for product differentiation, cost asymmetries, and pollution intensities (green and brown goods). We first analyze mergers in the absence of environmental regulation, showing that mergers induce an output shift towards the lowest cost firm. When emission fees are introduced, however, firms also consider their relative pollution intensities, potentially reverting the above output shift. We show that socially excessive mergers can arise when firms shift output to the more cost-efficient firm which may cause more pollution. In contrast, socially insufficient mergers can arise if output shifts reduce pollution.</p></div>","PeriodicalId":47952,"journal":{"name":"Resource and Energy Economics","volume":null,"pages":null},"PeriodicalIF":2.9,"publicationDate":"2022-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44245156","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}
{"title":"Environmental disparities in urban Mexico: Evidence from toxic water pollution","authors":"Lopamudra Chakraborti , Jay P. Shimshack","doi":"10.1016/j.reseneeco.2021.101281","DOIUrl":"10.1016/j.reseneeco.2021.101281","url":null,"abstract":"<div><p>All else equal, disparities in environmental exposure are associated with disparities in health and economic well-being. Here, we combine 9 years of data on toxic water pollution discharges from more than 1600 industrial facilities across urban Mexico with geographic, economic, and sociodemographic data from ≈ 50,000 Mexican urban block groups. We first show that industrial facilities pollute more in marginalized neighborhoods and in neighborhoods that are becoming more marginalized over time. In contrast, we find no evidence for relationships between toxic water pollution and indigenous race. We then explore channels driving observed exposure disparities. We find evidence that environmental disparities in urban Mexico are associated with collective action, community pressure, and Coasian bargaining. We do not find evidence consistent with political economic or amenity-based sorting mechanisms.</p></div>","PeriodicalId":47952,"journal":{"name":"Resource and Energy Economics","volume":null,"pages":null},"PeriodicalIF":2.9,"publicationDate":"2022-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42045973","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}
Yueming Lucy Qiu , Yi David Wang , Hiroyuki Iseki , Xingchi Shen , Bo Xing , Huiming Zhang
{"title":"Empirical grid impact of in-home electric vehicle charging differs from predictions","authors":"Yueming Lucy Qiu , Yi David Wang , Hiroyuki Iseki , Xingchi Shen , Bo Xing , Huiming Zhang","doi":"10.1016/j.reseneeco.2021.101275","DOIUrl":"10.1016/j.reseneeco.2021.101275","url":null,"abstract":"<div><p>Accurate assessment of the impact of electric vehicle (EV) charging on the electric grid is critical for energy policymakers to design efficient EV subsidy programs as well as to provide reliable electricity infrastructure. Despite the fact that 80 % of EV charging is conducted with residential in-home chargers, very few empirical studies have examined the load and environmental impact of residential EV charging based on actual electricity consumption data. Our paper fills this critical gap in the literature, applying a difference-in-differences approach to high frequency smart meter data of about 1600 EV homes from 2014 to 2019 in Arizona, United States. First, we find that the electricity demand during the system peak hours from 6 to 8 pm in summer can increase by 7–14 % at an average household with in-home EV charging. Second, EV households respond to electricity pricing signals by increasing their charging in lower-priced off-peak hours within the EV-specific time-of-use (TOU) pricing. Third, we find evidence of rebound effects in driving that lead to a reduction in home-electricity consumption in certain hours of the day. Lastly, we show that our empirical estimation of the grid impact due to in-home EV charging is different from that predicted by existing simulation models due to factors such as consumer behaviors. Such deviations between predicted and actual behaviors imply potential adjustment of relevant policy interventions.</p></div>","PeriodicalId":47952,"journal":{"name":"Resource and Energy Economics","volume":null,"pages":null},"PeriodicalIF":2.9,"publicationDate":"2022-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49456810","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}
{"title":"Recycling under environmental, climate and resource constraints","authors":"Gilles Lafforgue , Etienne Lorang","doi":"10.1016/j.reseneeco.2021.101278","DOIUrl":"10.1016/j.reseneeco.2021.101278","url":null,"abstract":"<div><p>This paper investigates the recycling opportunities of an industrial sector constrained by resource, climate, and waste capacities. To do this, we model the full lifecycle of a good to consider the waste and greenhouse gas (GHG) emissions coming from both its production — from virgin or recycled materials — and consumption. We identify the optimal trajectories of resources use, mainly depending on the relative scarcity of the resources and on their emissions. Although recycling is usually, and correctly, noted as an opportunity to reduce the impact of consumption on primary resources and waste, we also consider the possible negative environmental consequences of recycling and we discuss the resulting arbitrations. We characterize the optimal recycling strategy and we show that, in some cases, the recycling rate through time is an inverted U-shape, and there can be a catch-up phase of consumption at the end of the social planner program. Finally, we discuss the policy implications of our model by identifying and analyzing the set of optimal tax-subsidy schemes, and we highlight the existence of standard environmental externalities as well as a positive externality linked to the absence of a market for waste.</p></div>","PeriodicalId":47952,"journal":{"name":"Resource and Energy Economics","volume":null,"pages":null},"PeriodicalIF":2.9,"publicationDate":"2022-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41765367","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}