Although existing economic research is informative with regard to the importance of including potential 'catastrophic' climate change impacts in the analysis of GHG mitigation benefits, the generic and abstract form of the 'catastrophe' implemented has led to a lack of specific policy...

We use panel data on fossil fuel fired power plants to examine the impact of Phase I of the Title IV SO2 trading program on electric utility employment. We find little evidence that power plants had significant decreases in employment during Phase I relative to non–Phase I power plants. This...

The literature on the impacts of biofuels on agricultural commodity prices is characterized by contradictory findings. We review studies published between 2007 and 2014 that estimate the effects of U.S. corn ethanol policy on corn prices and find estimates ranging from nil to over 80%. Such...

In this reply to the comment by Gerlagh, we confirm an error in our estimate of the certainty-equivalent social cost of carbon (SCC) reported in Newbold et al. (2013), and we discuss the underlying conceptual difficulties that arise in conducting a social welfare analysis when preferences are...

The US government recently developed a range of values representing the monetized global damages associated with an incremental increase in carbon dioxide (CO₂) emissions, commonly referred to as the social cost of carbon (SCC). These values are currently used in benefit--cost analyses to assess...

Many environmental justice studies argue that firms choose to locate waste sites or polluting plants disproportionately in minority or poor communities. However, it is not uncommon for these studies to match site or plant location to contemporaneous socioeconomic characteristics instead of to...