This paper has explored heterogeneous individual valuations of an important amenity, climate mildness, using a traditional Rosen-Roback empirical framework. It does so by including interaction terms between the amenity and worker characteristics in an hedonic wage regression that also include a...

This paper analyzes the causal effect of exposure to uncensored environmental reporting on individuals' environmental preferences and pro-environmental behavior. We exploit a natural experiment occurring in the German Democratic Republic, where geographic characteristics determined access to...

This study investigates the relationship between green finance and environmental sustainability, with particular attention towards how these dynamics foster green economic growth within BRICS economies. Using a balanced panel dataset spanning 25 years, the research employs the Method of Moments...

We develop a unified cost-benefit framework that allows for a better understanding of nature conservation and climate policies under risk and uncertainty. We derive modified Hotelling rules from a social planner’s welfare optimization. They reveal four forces that jointly determine market...

The Vjosa River Basin, located in the heart of the Balkans, is one of Europe's last free-flowing wild rivers comprising a large number of pristine habitat types with a wealth of biodiversity. Widespread degradation of the forest ecosystem and unsustainable land use due to logging and livestock...