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Social Reinforcement: Cascades, Entrapment and Tipping

Heal, Geoffrey; Kunreuther, Howard - National Bureau of Economic Research (NBER) - 2007

There are many social situations in which the actions of different agents reinforce each other. These include network effects and the threshold models used by sociologists (Granovetter, Watts) as well as Leibenstein's "bandwagon effects." We model such situations as a game with increasing...

Persistent link: https://www.econbiz.de/10005718481

Are Big Cities Bad Places to Live? Estimating Quality of Life across Metropolitan Areas

Albouy, David - National Bureau of Economic Research (NBER) - 2008

The standard revealed-preference estimate of a city's quality of life is proportional to that city's cost-of-living relative to its wage-level. Adjusting estimates to account for federal taxes, non-housing costs, and non-labor income produces more plausible quality-of-life estimates than in the...

Persistent link: https://www.econbiz.de/10004969354

Does the Environment Still Matter? Daily Temperature and Income in the United States

Deryugina, Tatyana; Hsiang, Solomon M. - National Bureau of Economic Research (NBER) - 2014

. These estimates are net of many forms of adaptation, such as factor reallocation, defensive investments, transfers, and … adaptation measures have been limited. The non-linearity of the effect on different components of income suggest that temperature … points in the United States unless populations engage in new forms of adaptation. …

Persistent link: https://www.econbiz.de/10011098930

Accidental Environmentalists? Californian Demand for Teslas and Solar Panels

Kahn, Matthew E.; Delmas, Magali A.; Locke, Stephen - National Bureau of Economic Research (NBER) - 2014

In the absence of a national carbon tax, household driving and electricity consumption impose social costs. Suburbanites drive more and consume more electricity than center city residents. If more suburbanites purchase electric vehicles (EV) and install solar panels, then their greenhouse gas...

Persistent link: https://www.econbiz.de/10011103512

Prices and Supply Disruptions during Natural Disasters

Cavallo, Alberto Felipe; Rigobon, Roberto; Cavallo, Eduardo - National Bureau of Economic Research (NBER) - 2013

We study the daily behavior of supermarket prices and product availability following two recent natural disasters: the 2010 earthquake in Chile and the 2011 earthquake in Japan. In both cases there was an immediate and persistent effect on product availability. The number of goods available for...

Persistent link: https://www.econbiz.de/10011105941

Climate Sensitivity Uncertainty: When is Good News Bad?

Wagner, Gernot; Zeckhauser, Richard; Freeman, Mark C. - National Bureau of Economic Research (NBER) - 2015

Climate change is real and dangerous. Exactly how bad it will get, however, is uncertain. Uncertainty is particularly relevant for estimates of one of the key parameters: equilibrium climate sensitivity—how eventual temperatures will react as atmospheric carbon dioxide concentrations double....

Persistent link: https://www.econbiz.de/10011159896

Voting on Prices vs. Voting on Quantities in a World Climate Assembly

Weitzman, Martin L. - National Bureau of Economic Research (NBER) - 2015

This paper posits the conceptually useful allegory of a futuristic "World Climate Assembly" that votes on global carbon emissions via the basic principle of majority rule. Two variants are considered. One is to vote on a universal price (or tax) that is internationally harmonized, but the...

Persistent link: https://www.econbiz.de/10011165117

The Use and Misuse of Models for Climate Policy

Pindyck, Robert S. - National Bureau of Economic Research (NBER) - 2015

In recent articles, I have argued that integrated assessment models (IAMs) have flaws that make them close to useless as tools for policy analysis. IAM-based analyses of climate policy create a perception of knowledge and precision that is illusory, and can fool policy-makers into thinking that...

Persistent link: https://www.econbiz.de/10011262915

Temperature, Human Health, and Adaptation: A Review of the Empirical Literature

Deschenes, Olivier - National Bureau of Economic Research (NBER) - 2012

, and adaptation to temperature extremes. The objective of the paper is to highlight the many remaining gaps in the … to incorporate human health and adaptation in its framework. I begin by presenting the conceptual and methodological … issues associated with the measurement of the effect of temperature extremes on health, and the role of adaptation in …

Persistent link: https://www.econbiz.de/10011265743

Goldilocks Economies? Temperature Stress and the Direct Impacts of Climate Change

Heal, Geoffrey; Park, Jisung - National Bureau of Economic Research (NBER) - 2015

We review recent literature on the effect of temperature stress on economic activity, operating through basic human physiology. There is growing evidence from both micro and macro studies of causal impacts of extreme temperature on health, labor supply, and labor productivity, driven in large...

Persistent link: https://www.econbiz.de/10011266637