This paper uses a tax revenues reallocation scheme as the payment vehicle in a choice experiment to value marine restoration in the Black Sea. Two reallocation treatments are administered; one proposing to reduce current public expenditures on renewable energy projects and the other, the training...

Groundwater in sufficient amounts and of suitable quality is essential for potable water supplies, crop irrigation and healthy habitats for plant and animal biocenoses. The groundwater resource is currently under severe pressure from land use and pollution and there is evidence of dramatic...

This paper examines robustness in international pollution control emerg- ing from the regulator��s concerns regarding possible misspeci��cation of the natural system that is used to model pollution dynamics. Cooperative and noncooperative robust policy rules...

The purpose of this paper is twofold: ?rst, to survey the statistical models of stock returns that have been suggested in the ?nance literature since the beginning of the twentieth century; second, to examine under the prism of the contemporary philosophy of science, which of the aforementioned...

In view of the ambiguities and the deep uncertainty associated with climate change, we study the features of climate change policies that account for spatially structured ambiguity. Ambiguity related to the evolution of the natural system is introduced into a coupled economy-climate model with...

In this article we investigate the role of information spillovers in promoting irrigation technology adoption and diffusion. In particular, we investigate the effect of different channels of information spillovers, namely informal social learning and formal extension services, while...

We couple a spatially homogeneous energy balance climate model with an economic growth model which incorporates two potential policies against climate change: mitigation, which is the traditional policy, and geoengineering. We analyze the optimal policy mix of geoengineering and mitigation in...

We study insurance and productivity values associated with the Greek Gene Bank (GGB), the largest ex-situ conservation program in Greece. To evaluate the insurance value generated by the holdings of the GGB genetic resources, the current study examined scenarios for alternative arrival...

Nonpoint source (NPS) pollution refers to the form of pollution where neither the source nor the size of specific emissions can be observed and identified with sufficient accuracy. In NPS pollution the ambient concentration of pollutants associated with the individually unobserved emissions is...

This paper contributes to the limited literature of monetary valuation of the effects of natural hazards. In particular, we focus on natural hazards caused by climate change and measure willingness to pay (WTP) to avoid relevant environmental and health risks in coastal environments. We also...