We evaluate the effect of information disclosure on players? behaviour in a multiperiod common pool resource game experiment run in an area of notably scarce social capital such as the Nairobi slum of Kibera. We document divergence of average withdrawal rates across time with an increasingly...

This paper considers the modeling strategies that have been used to incorporate time in revealed and stated preference methods for valuing environmental resources. After reviewing a subset of the economic models for describing time as an input to household production; time in creating habits and...

This paper aims to offer a new perspective on the productivity enhancing impact of public capital. In contrast to the majority of the literature which addresses mainly infrastructure effects on national or regional growth, the present contribution argues that a much broader analytical viewpoint...

When confronted with market weaknesses and failures determining sustainability problems for environmental common-pool resources, economic analysis has proposed government intervention as the only alternative available. Elinor Ostrom showed that this dichotomy between market and government is not...

The “Stern Review: The Economics of Climate Change” reached conclusions and policy recommendations dramatically different from most of the earlier economic analyses of climate change. It found that the costs of climate change, as well as the potential net benefits of greenhouse gas...

We extend Copeland and Taylor (1995)'s analysis of the incidence of international trade on world transboundary pollution by considering that countries are endowed with two primary production factors, capital and labour.

This article examines revealed rates of time preference for public goods, using environmental quality as the case study. A nationally representative panel-based sample of 2,914 respondents considered a series of 5 conjoint policy choices, yielding 14,570 decisions. Both the conditional fixed...

This paper aims to offer a new perspective on the productivity enhancing impact of public capital. In contrast to the majority of the literature which addresses mainly infrastructure effects on national or regional growth, the present contribution argues that a much broader analytical viewpoint...

The purpose of this paper is to describe the implications of the collective model of household behavior for the methods used to estimate the economic value of non-marketed environmental resources. The effects of public good and risk are considered, along with revealed and stated preference...