The efficiency properties of price and nonprice instruments for conservation in environmental policy are well understood. However, there is little evidence comparing the effectiveness of these instruments, especially when considering water resource management. We exploit a rich panel of...

After growing steadily for several decades, passenger vehicle miles traveled (VMT) in the United States unexpectedly leveled off in the 2000s. The growth rate of VMT has since rebounded, and determining the factors that explain these developments has implications for future US oil consumption...

Several studies have found that taxing vehicle purchase or ownership on the basis of carbon dioxide (CO2) emissions reduces CO2 emissions. In this paper I show that CO2-based vehicle taxation can raise emissions of other pollutants that harm air quality and that the magnitude of this unintended...

Nearly every carbon price regulates the production of carbon emissions, typically at midstream points of compliance, such as a power plant. Over the last six years, however, policymakers in Australia, California, China, Japan, and Korea implemented carbon prices that regulate the consumption of...

The United States recently ratified the Paris Agreement, under the UN Framework Convention on Climate Change (UNFCCC), in which it pledged to reduce greenhouse gas emissions by 26–28 percent, relative to 2005, by 2025. In the absence of policy efforts beyond those currently in place or already...

The experiment reported in this paper identifies the effect of experience on revealed risk attitudes by examining “one-shot” insurance choices made by subjects faced with a low-probability risk and their choices when they are faced with repeated exposure to an identical risk. I find that...

Pro-environmental preferences are being used increasingly as environmental policy tools. In this paper, I consider the role of heterogeneous green preferences for private provision of environmental goods that have both private and public characteristics. Under different assumptions of...

To address a number of the recommendations included in the US Department of Energy’s (DOE’s) Quadrennial Energy Review (QER), Resources for the Future — in concert with DOE, two partners (the International Institute for Sustainable Development and Instituto Tecnológico Autónomo de...

Domestic carbon pricing policies may impose adverse competitiveness risks on energy-intensive firms and industries competing with foreign firms that may bear a lower or zero price on carbon. The risks of competitiveness effects include adverse economic outcomes — reduced production, lower...

Energy efficiency standards based on product attributes may interact with market conditions and affect the overall stringency of the standards. In this paper we analyze the interaction between gasoline prices and the redesigned and tightened federal fuel economy standards. Tighter standards will...