The “social cost of carbon” (SCC) is the present value of the future stream of damages from one additional ton of carbon emissions in a particular year. This paper develops a simple model for calculating the SCC and compares estimates of the SCC under certainty and uncertainty. Our model...

The use of voluntary approaches to achieve environmental improvements has grown dramatically in the United States since they were first introduced thirteen years ago. As of 2004, there are over 50 voluntary programs in the U.S. at the federal level alone. These programs take a variety of forms,...

Voluntary approaches have become a popular in the U.S. to enhance the efficacy and scope of existing regulations and to reduce emissions in sectors or for pollutants where formal environmental regulation is lacking. In this paper, we examine the effectiveness of a particular EPA voluntary...

It has often been stated that current studies aimed at understanding the magnitude of optimal climate policy fail to adequately capture the potential for “catastrophic” impacts of climate change. While economic modeling exercises to date do provide evidence that potential climate...

Some recent research suggests that uncertainty about the response of the climate system to atmospheric greenhouse gas (GHG) concentrations can have a disproportionately large influence on benefits estimates for climate change policies, potentially even dominating the effect of the discount rate....

This paper describes a bioeconomic model of a coastal recreational fishery that combines standard models of fish population dynamics, recreational catch, and recreation site choice. The population model estimates the influence of water quality on overall fish abundance through the effects of...

In this study, we examine the effects of chronic exposure to air pollution on asthma exacerbation through a cross-sectional analysis of asthma prescriptions for quick-relief medications at the 5 digit zip code level in California. Using information on the use of maintenance therapies by each...

In 2005, EPA promulgated the Clean Air Mercury Rule (CAMR) to permanently cap and reduce mercury emissions from coal-fired power plants. During the final stages of promulgating this rule, an article was published by Trasande et al. that raised some issues regarding how to measure benefits from...

The EPA has a cornucopia of cleanup and reuse programs ranging from the Superfund Program which addresses sites posing imminent danger and many of the most hazardous sites nationwide, to the Brownfields Program which addresses lower risk sites. These programs provide a common set of primary...

Over the past five decades, the federal government has enacted laws and developed regulations to manage actual and threatened hazardous releases. This paper describes a relatively understudied component of the nation’s response capability – the Superfund Emergency Response and Removal (ERR)...