Environmental self-auditing by private firms is generally thought to both deserve and require encouragement. Firms can audit themselves more cheaply and effectively than can regulators, but too often are deterred for fear that the information they uncover will be used against them. To reduce...

Tropical forests are estimated to release approximately 1.7 PgC per year as a result of deforestation. Avoiding tropical deforestation could potentially play a significant role in carbon mitigation over the next 50 years if not longer. Many policymakers and negotiators are skeptical of our...

This paper analyzes the determinants of deforestation in the Brazilian Amazon. From a model of optimal use, it derives and then estimates a deforestation equation on county-level data for the period 1978 to 1988. The data include a deforestation measure from satellite images, which is a great...

We review claims about the potential for carbon markets that link both payments for carbon services and poverty levels to ongoing rates of tropical deforestation. We then examine these effects empirically for Costa Rica during the 20th century using an econometric approach that addresses the...

The fuel-use decisions of households in developing economies, because they directly influence the level of indoor air quality that these households enjoy (with its attendant health effects), provide a natural arena for empirically assessing latent preferences towards the environment and how...

Security Analysis, Portfolio Management, and Financial Derivatives integrates the many topics of modern investment analysis. It provides a balanced presentation of theories, institutions, markets, academic research, and practical applications, and presents both basic concepts and advanced...

The authors estimated air quality impacts due to residential firewood use for the year 2000 for 16 U.S. metropolitan areas. The wood usage estimates were based on price elasticities in relation to other space heating fuels, a range of future firewood prices, and an algorithm for the spatial...

A hydrogen economy, the long-term goal of many nations, can potentially confer energy security, along with environmental and economic benefits. However, the transition from a conventional petroleum-based energy system to a hydrogen economy involves many uncertainties, such as the development of...

In Afghanistan, where 80% of the population is rural, irrigated agriculture using surface water is an extremely important economic activity. With the advent of the New Water Law, highly localized and centuries-old agricultural water management traditions are giving way to more modern centralized...

Australian interest rate volatility is modelled to examine the effect of quarterly inflation rate announcements on interest rate volatility. The data used in this empirical analysis consists of the daily closing rates for 90 day Australian treasury bills from 3 July 1985 to 31 December 1993....