This article analyzes the cost-effective property of a transferable emissions permit system (TEPS) vis à vis a command and control environmental regulation. In contrast with the previous literature, our analysis consider, in addition to the abatement costs, the cost of enforcing each regulatory...

Agriculture could be one of the most vulnerable economic sectors to the impacts of climate change in the coming decades. Considering the critical role that water plays for agricultural production, any shock in water availability will have great implications for agricultural production, land...

Water resources are facing several stresses in terms of quantity and quality. These pressures are closely related to the human interventions in fields like: agriculture, land-use/land use change, construction/management of reservoirs, pollutant emissions, and water /wastewater treatment, among...

This paper presents a contingent valuation study concerning landscape impacts generated by the construction of one dam (Baker 1) of the HIDROAYSEN hydropower project located in the Chilean Patagonia. A survey was used to collect information about citizens’ opinions towards the hydropower...

We consider the pricing of a uniformly mixed pollutant with a model of optimal, possibly firm-specific, emissions taxes and their enforcement under incomplete information about firms' abatement costs, enforcement costs, and pollution damage. We argue that optimality requires an enforcement...

We analyze the cost of enforcing a system of firm specific emissions standards vis a vis a transferable emissions permit system in the context of complete and incomplete information. We also examine the optimality of a transferable emissions permit system when abatement costs and enforcement...