Virtually all U.S. states have now created voluntary cleanup programs (VCPs), offering liability relief and other incentives for responsible parties to remediate contaminated sites. We use a multinomial probit model to analyze participation in Oregon’s two VCPs. In contrast to previous VCP...

Households in rural India are highly dependent on firewood as their main source of energy, partly because non-biofuels tend to be expensive. The prevailing view is therefore that, when faced with shortages of firewood in the village commons, such households, and especially the women in them,...

We define the irreversibility effect and demonstrate its importance in problems involving investment decisions under uncertainty. We establish several analytical and numerical results that suggest both that the effect holds more widely than generally recognized, and that an existing result...

In 2009 the World Bank launched the Economics of Adaptation to Climate Change (EACC) study to provide up-to-date and consistent estimates of adaptation costs for developing countries. The EACC study addresses many of the shortcomings found in the adaptation cost literature. First, it defines...

This paper examines the impact of the variation in stocks of three resources, namely, water, forests and fodder biomass, on resource collection time of rural households in India, especially women. Using household level data from 543 households across 60 villages in the Jhabua district of Madhya...