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The Life Satisfaction Approach to Environmental Valuation

Frey, Bruno S.; Luechinger, Simon; Stutzer, Alois - CESifo - 2009

In many countries environmental policies and regulations are implemented to improve environmental quality and thus individuals’ well-being. However, how do individuals value the environment? In this paper, we review the Life Satisfaction Approach (LSA) representing a new non-market valuation...

Persistent link: https://www.econbiz.de/10008583664

Market Power in Emission Permit Markets: Theory and Evidence

Hintermann, Beat - CESifo - 2013

A well-known result about market power in emission permit markets is that efficiency can be achieved by full free allocation to the dominant firm. I show that this result breaks down when taking the interaction between input and output markets into account, even if the firm perceives market...

Persistent link: https://www.econbiz.de/10010877762

Should we be Worried about the Green Paradox? Announcement Effects of the Acid Rain Program

Maria, Corrado Di; Lange, Ian A.; Werf, Edwin van der - CESifo - 2012

This paper presents the first empirical test of the green paradox hypothesis, according to which well-intended but imperfectly implemented policies may lead to detrimental environmental outcomes due to supply side responses. We use the introduction of the Acid Rain Program in the U.S. as a case...

Persistent link: https://www.econbiz.de/10010550833

France's Environmental Policies: Internalising Global and Local Externalities

Egert, Balazs - CESifo - 2012

also at dealing with local air and water pollution, waste management and the conservation of biodiversity. The laws that …

Persistent link: https://www.econbiz.de/10010559788

Benefit-Cost Analysis of Environmental Projects: A Plethora of Systematic Biases

Graves, Philip E. - CESifo - 2010

There are many reasons to suspect that benefit-cost analysis applied to environmental policies will result in policy decisions that will reject those environmental policies. The important question, of course, is whether those rejections are based on proper science. The present paper explores...

Persistent link: https://www.econbiz.de/10008511597

Carbon Content of Electricity Futures in Phase II of the EU ETS

Fell, Harrison; Hintermann, Beat; Vollebergh, Herman R. J. - CESifo - 2013

We estimate the relationship between electricity, fuel and carbon prices in Germany, France, the Netherlands, the Nord Pool market and Spain, using one-year futures for base and peak load prices for the years 2009-2012, corresponding to physical settlement during the second market phase of the...

Persistent link: https://www.econbiz.de/10010877729

Pollution, Shadow Economy and Corruption: Theory and Evidence

Biswas, Amit K.; Farzanegan, Mohammad Reza; Thum, Marcel - CESifo - 2011

We study how the shadow economy affects pollution and how this effect depends on corruption levels in public … be accompanied by higher pollution levels. Our theoretical model predicts that controlling the levels of corruption can … limit the effect of the shadow economy on pollution. We use panel data covering the period from 1999–2005 from more than 100 …

Persistent link: https://www.econbiz.de/10009368501

Gasoline Content Regulation and Compliance among US Refineries

Chakravorty, Ujjayant; Nauges, Céline; Thille, Henry - CESifo - 2012

The US refining industry is a leading producer of sulfur oxide and nitrogen oxide emissions. As a result of the Clean Air Act, it has been subject to a host of environmental regulations that prescribe the production processes firms can employ and limits their emissions based on the permits they...

Persistent link: https://www.econbiz.de/10010586073

Using Degree Days to Value Farmland

Massetti, Emanuele; Mendelsohn, Robert; Chonabayashi, Shun - CESifo - 2014

Farmland values have traditionally been valued using seasonal temperature and precipitation. A new strand of the literature uses degree days over the growing season to predict farmland value. We find that degree days and daily temperature are interchangeable over the growing season. However, the...

Persistent link: https://www.econbiz.de/10011105369

Robustness of a Simple Rule for the Social Cost of Carbon

Rezai, Armon; Ploeg, Frederick Van der - CESifo - 2014

The optimal social cost of carbon is in general equilibrium proportional to GDP if utility is logarithmic, production is Cobb-Douglas, depreciation is 100% every period, climate damages as fraction of production decline exponentially with the stock of atmospheric carbon, and fossil fuel...

Persistent link: https://www.econbiz.de/10011264742