Resource and Energy Economics最新文献_第2页

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 : 2025-12-01 Epub 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":"2025-12-01","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

Climate events and adaptation: Effects on environmental policy and abatement 气候事件与适应：对环境政策和减排的影响

IF 3.1 3区经济学

Resource and Energy Economics Pub Date : 2025-12-01 Epub Date: 2025-10-14 DOI: 10.1016/j.reseneeco.2025.101537

Ana Espinola-Arredondo , Felix Munoz-Garcia , Françeska Tomori

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 : 2025-12-01 Epub 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

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 : 2025-12-01 Epub 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":"2025-12-01","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

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 : 2025-12-01 Epub 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":"2025-12-01","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

Ambiguity, value of information and forest rotation decision under storm risk 风暴风险下的模糊性、信息价值与森林轮作决策

IF 3.1 3区经济学

Resource and Energy Economics Pub Date : 2025-12-01 Epub Date: 2025-09-29 DOI: 10.1016/j.reseneeco.2025.101536

Patrice Loisel , Marielle Brunette , Stéphane Couture

{"title":"Ambiguity, value of information and forest rotation decision under storm risk","authors":"Patrice Loisel , Marielle Brunette , Stéphane Couture","doi":"10.1016/j.reseneeco.2025.101536","DOIUrl":"10.1016/j.reseneeco.2025.101536","url":null,"abstract":"<div><div>Storm is a major risk in forestry. However, due to the more or less pessimistic scenarios of future climate change, storm frequency is now ambiguous and only partially known (i.e., scenario ambiguity). Furthermore, within each scenario, the quantification of storm frequency is also ambiguous due to the differences in risk quantification by experts, creating a second level of ambiguity (i.e., frequency ambiguity). In such an ambiguous context, knowledge of the future climate through accurate information about this risk is fundamental and can be of significant value. In this paper, we question how ambiguity and ambiguity aversion affect forest management, in particular, optimal cutting age. Using a classical Faustmann framework of forest rotation decisions, we compare three different situations: risk, scenario ambiguity and frequency ambiguity. We show that in a context of risk or scenario ambiguity, a forest owner characterized by risk aversion and ambiguity aversion reduces the optimal cutting age, whereas in a context of frequency ambiguity the owner does not change it. The optimal cutting age is always reduced when risk aversion increases, whereas an increase in ambiguity aversion never has an impact. The value of information that resolves scenario ambiguity is low and it is almost null for frequency ambiguity.</div></div>","PeriodicalId":47952,"journal":{"name":"Resource and Energy Economics","volume":"84 ","pages":"Article 101536"},"PeriodicalIF":3.1,"publicationDate":"2025-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145266205","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

Sticks vs carrots: Climate policy under government turnover 大棒vs胡萝卜：政府更替下的气候政策

IF 3.1 3区经济学

Resource and Energy Economics Pub Date : 2025-12-01 Epub Date: 2025-10-24 DOI: 10.1016/j.reseneeco.2025.101538

Scott Behmer

{"title":"Sticks vs carrots: Climate policy under government turnover","authors":"Scott Behmer","doi":"10.1016/j.reseneeco.2025.101538","DOIUrl":"10.1016/j.reseneeco.2025.101538","url":null,"abstract":"<div><div>There is an active debate among economists on the value of using clean energy subsidies to address climate change. However, the models used to inform this debate typically make a common simplifying assumption: the preferences of the government are kept constant over time. In reality, control of the government often rotates between parties with very different policy preferences. This paper finds that adding turnover in party control of the government can have significant implications. Specifically, when the two parties are sufficiently polarized, the party more concerned about the environment (“the green party”) finds it optimal to subsidize irreversible investments in clean energy, even when carbon taxes are available and can be placed at any level. We then provide quantitative evidence on the green party’s optimal subsidy using two approaches: sufficient statistic estimation and a calibration exercise. The results suggest that the optimal subsidy is quantitatively significant, between 5% and 17% of the cost of investment. Furthermore, if the green party naively uses just a carbon tax, clean investment is 34% lower than when they use their optimal subsidy.</div></div>","PeriodicalId":47952,"journal":{"name":"Resource and Energy Economics","volume":"84 ","pages":"Article 101538"},"PeriodicalIF":3.1,"publicationDate":"2025-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145415904","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

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 : 2025-12-01 Epub 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 : 2025-12-01 Epub 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":"2025-12-01","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

High-frequency analytics and residential water consumption: Estimating heterogeneous effects 高频分析和住宅用水：估计异质效应

IF 2.6 3区经济学

Resource and Energy Economics Pub Date : 2025-08-01 Epub Date: 2025-05-14 DOI: 10.1016/j.reseneeco.2025.101500

Mehdi Nemati , Steven Buck , Hilary Soldati

引用次数: 0