The sulfur dioxide (SO₂) cap and trade program established in the 1990 Clean Air Act Amendments is celebrated for reducing abatement costs ($0.7 to $2.1 billion per year) by allowing emissions allowances to be traded. Unfortunately, places with high marginal costs also tend to have high marginal...

In October 2010, a group of leading thinkers on environmental policy met at the Sustainable Consumption Institute at the University of Manchester for a conference in honour of Nobel Laureate Tom Schelling. This column presents a 10-point guideline for climate change policy co-authored by 26...

This study extends the use of panel data to analyze the damage associated with proximity to a hazardous waste site. Panel data can control for property specific factors which affect sale values, allowing the analysis to focus upon both the spatial and intertemporal factors associated with...

This paper estimates a multinomial discrete-continuous fuel choice model of both households and firms in order to determine the sensitivity of national energy demand to climate change. We find that consumers switch from natural gas, oil, and other fuels to electricity as climate warms and that...

The United States' experimentation with emissions trading in the 1990s was an important first step in controlling air pollution while maximizing benefits from emissions that do occur. However, trading programs to date suffer a serious flaw: they treat all traded emissions of equal volume the...

The authors explore how Latin American farmers adapt to climate by changing crops. They develop a multinomial choice model of farmer's choice of crops. Estimating the model across over 2,000 farmers in seven countries, they find that both temperature and precipitation affects the crops that...

This study estimates the vulnerability of Latin American agriculture to climate change using a Ricardian analysis of both land values and net revenues. Examining a sample of over 2,500 farms in seven countries, the results indicate both land value and net revenue are sensitive to climate. Both...

This unique book examines the problem of global warming from the perspective of Asian Pacific countries. The unprecedented economic and demographic growth over the past two decades has increased the importance of the Asian Pacific region. It has become both a very large source of greenhouse...

This study develops cumulative carbon ''supply curves'' for global forests utilizing a dynamic timber supply model for sequestration of forest carbon. Because the period of concern is the next century, and particular time points within that century, the curves are not traditional Marshallian...

The paper develops a theoretical foundation for using count data models in travel cost analysis. Two micro models are developed: a restricted choice model and a repeated discrete choice model. We show that both models lead to identical welfare measures.