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Registros recuperados: 133
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Captive insurance companies and the management of non-conventional corporate risks AgEcon
Lesourd, Jean-Baptiste; Schilizzi, Steven.
We examine under what conditions setting up a captive insurance company with reinsurance is an optimal solution for risk-averse firms when the insured firm, the insurer and the reinsurer do not know the probability distribution of some risks, and have conflicting estimates of this distribution.
Tipo: Working or Discussion Paper Palavras-chave: Corporate insurance; Reinsurance; Uncertainty; Ambiguity; Non-conventional risks; Captive insurance companies; Risk and Uncertainty; D81; G22; Q2.
Ano: 2011 URL: http://purl.umn.edu/100886
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Extended Product Responsibility: An Economic Assessment of Alternative Policies AgEcon
Palmer, Karen L.; Walls, Margaret.
Extended Product Responsibility embodies the notion that agents along a product chain should share responsibility for the life-cycle environmental impacts of the product, including those associated with ultimate disposal. Extended Producer Responsibility is a narrower concept which places responsibility on producers and focuses primarily on post-consumer waste disposal. Manufacturer "take-back" requirements are the policy lever most often associated with Extended Producer Responsibility. In this paper, we discuss alternative incentive-based policies that are consistent with the objectives of Extended Product and Producer Responsibility. We argue that an upstream combined product tax and recycling subsidy (UCTS) is generally more cost-effective and imposes...
Tipo: Working or Discussion Paper Palavras-chave: Solid waste; Extended product responsibility; Recycling; Unit pricing; Environmental Economics and Policy; Q2; H2.
Ano: 1999 URL: http://purl.umn.edu/10830
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Towards a cost-effectiveness analysis of the measurement of biodiversity indicators AgEcon
Targetti, Stefano; Viaggi, Davide; Cuming, David.
A comprehensive quantification of biodiversity in farming systems would require a very significant amount of work (and funds) even for a small area. Therefore, biodiversity indicators are needed to solve the problem of the measurement feasibility. Even though the issue of cost and effectiveness is central for the evaluation of the indicators, only the latter is discussed in detail in the scientific literature. This work presents a cost analysis based on the direct gathering of records from a farm-scale biodiversity survey (EU-FP7, BioBio - “Indicators for biodiversity in organic and low-input farming systems”) where the analysis of costs is part of the project. It is a simple method for comparing different indicators by their ratio of cost/effectiveness....
Tipo: Conference Paper or Presentation Palavras-chave: Biodiversity; Cost-effectiveness; Indicator costs; Agricultural and Food Policy; Q2.
Ano: 2011 URL: http://purl.umn.edu/99585
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Impact of Risk and Time Preferences on Responses to Forest Tenure Land Reform: Empirical Evidence from Fujian, China AgEcon
Sullivan, Karen A.; Uchida, Emi; Xu, Jintao.
This research examines the effect of risk and time preferences on forest management responses to forest tenure land reforms in Fujian, China that began in 2002. The different extent of the reform and its different timing across regions provide a natural experiment to test how time and risk preferences affect a households’ forest investment response to the reform. Empirically, we combine original field experiment data on time and risk preferences collected among 103 households with an original panel survey data set collected among the same 103 households, which contains data for three years: 2000 (before the reform), 2005 and 2008 (after the reform) in a difference-in-differences framework. We examine three measures of forest management activity, including:...
Tipo: Conference Paper or Presentation Palavras-chave: Tenure reform; Property rights; Risk preference; Time preference; Poverty; China; Institutional and Behavioral Economics; International Development; International Relations/Trade; Labor and Human Capital; Land Economics/Use; Risk and Uncertainty; Q2; D8; D9; D13; J22; Q15.
Ano: 2010 URL: http://purl.umn.edu/61536
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The Effect of Allowance Allocation on the Cost of Carbon Emission Trading AgEcon
Burtraw, Dallas; Palmer, Karen L.; Bharvirkar, Ranjit; Paul, Anthony.
We investigate the cost-effectiveness and distributional effects of a revenue-raising auction, grandfathering, and a generation performance standard as alternative approaches for distributing carbon emission allowances in the electricity sector. We solve a detailed national electricity market model and find the auction is roughly one-half the societal cost of the other approaches. This result holds under a variety of assumptions about the future state of economic regulation and competition in the electricity sector. The differences in the cost of the approaches flow from the effect of each approach on electricity price. Grandfathering is the best for producers but it imposes a substantial cost on consumers. The generation performance standard yields the...
Tipo: Working or Discussion Paper Palavras-chave: Carbon; Emission allowance trading; Allowance allocations; Electricity; Restructuring; Air pollution; Safety valve; Auction; Grandfathering; Generation performance standard; Output-based allocation; Cost-effectiveness; Environmental Economics and Policy; Q2; Q25; Q4; L94.
Ano: 2001 URL: http://purl.umn.edu/10536
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Corporate Codes of Conduct: Is Common Environmental Content Feasible? AgEcon
Fischer, Carolyn; Parry, Ian W.H.; Aguilar, Francisco X.; Jawahar, Puja.
In a developing country context, a policy to promote adoption of common environmental content for corporate codes of conduct (COCs) aspires to meaningful results on two fronts. First, adherence to COC provisions should offer economic benefits that exceed the costs of compliance; i.e., companies must receive a price premium, market expansion, efficiency gains, subsidized technical assistance, or some combination of these benefits in return for meeting the requirements. Second, compliance should produce significant improvements in environmental outcomes; i.e., the code must impose real requirements, and monitoring and enforcement must offer sufficient incentives to prevent evasion. With those goals in mind, we explore options for establishing common...
Tipo: Working or Discussion Paper Palavras-chave: Corporate social responsibility; Codes of conduct; Environmental management; Environmental Economics and Policy; Q2; O19.
Ano: 2005 URL: http://purl.umn.edu/10889
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A Reconsideration of Environmental Federalism AgEcon
Oates, Wallace E..
This paper provides a review and assessment of the debate over environmental federalism-the issue of the roles of different levels of government in environmental management. The paper begins with the presentation of three benchmark cases that provide a framework for thinking about the issue. It then offers a review, first of the theoretical literature and second of some new, provocative empirical literature on the race to the bottom. The paper contends that there remains, under certain circumstances, an important role for decentralized government in the setting of environmental standards and the design of regulatory programs. The central government, in addition to setting standards for "national" pollutants, has a fundamental contribution to make in...
Tipo: Working or Discussion Paper Palavras-chave: Environmental federalism; Environmental management; Environmental policy; Environmental regulation; Environmental Economics and Policy; Q2; H1; H7.
Ano: 2001 URL: http://purl.umn.edu/10460
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Assessing the impact of U.S. ethanol market shocks on global crude oil and U.S. gasoline: A structural VAR approach AgEcon
McPhail, Lihong Lu.
Tipo: Conference Paper or Presentation Palavras-chave: Structural VAR; Ethanol; Crude oil; Gasoline; Shocks; Agricultural and Food Policy; Environmental Economics and Policy; Q1; Q2; Q4.
Ano: 2010 URL: http://purl.umn.edu/61136
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The Costs and Benefits of Reducing Acid Rain AgEcon
Burtraw, Dallas; Krupnick, Alan J.; Mansur, Erin T.; Austin, David H.; Farrell, Deirdre.
Title IV of the 1990 Clean Air Act Amendments initiated a dramatic reduction in emissions of sulfur dioxide and nitrogen oxides by electric power plants. This paper presents the results of an integrated assessment of the benefits and costs of the program, using the Tracking and Analysis Framework (TAF) developed for the National Acid Precipitation Assessment Program (NAPAP). Although dramatic uncertainties characterize our estimates especially with respect to the benefits of the program, many of which we have modeled explicitly, we find that the benefits can be expected to substantially outweigh the costs of the emission reductions. The lion's share of benefits result from reduced risk of premature mortality, especially through reduced exposure to...
Tipo: Working or Discussion Paper Palavras-chave: Acid rain; Sulfur dioxide; Nitrogen oxides; Cost-benefit analysis; Clean Air Act; Title IV; Environmental Economics and Policy; H43; Q2; Q4.
Ano: 1997 URL: http://purl.umn.edu/10692
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Controlling Ozone and Fine Particulates: Cost Benefit Analysis with Meteorological Variability AgEcon
Shih, Jhih-Shyang; Bergin, Michelle S.; Krupnick, Alan J.; Russell, Armistead G..
In this paper, we develop an integrated cost-benefit analysis framework for ozone and fine particulate control, accounting for variability and uncertainty. The framework includes air quality simulation, sensitivity analysis, stochastic multi-objective air quality management, and stochastic cost-benefit analysis. This paper has two major contributions. The first is the development of stochastic source-receptor (S-R) coefficient matrices for ozone and fine particulate matter using an advanced air quality simulation model (URM-1ATM) and an efficient sensitivity algorithm (DDM-3D). The second is a demonstration of this framework for alternative ozone and PM2.5 reduction policies. Alternative objectives of the stochastic air quality management model include...
Tipo: Working or Discussion Paper Palavras-chave: Ambient air; Ozone; Particulate matter; Risk management; Public policy; Cost-benefit analysis; Variability and uncertainty; Stochastic simulation; Stochastic multi-objective programming; Decision-making; National Ambient Air Quality Standards; Environmental Economics and Policy; C6; Q2; Q25; Q28.
Ano: 2003 URL: http://purl.umn.edu/10735
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When Should Uncertain Nonpoint Emissions be Penalized in a Trading Program? AgEcon
Hennessy, David A.; Feng, Hongli.
When nonpoint source pollution is stochastic and the damage function is convex, intuition might suggest it is more important to control a nonpoint pollution source than a point source. Earlier research has provided sufficient conditions such that the permit price for a unit of ex-ante expected emissions should be higher than the permit price for a unit of certain emissions. Herein we provide a set of necessary and sufficient conditions such that this is the case. An approach to testing for the validity of the condition set is available, and has been applied to a related problem.
Tipo: Conference Paper or Presentation Palavras-chave: Agricultural pollution; Multiple inputs; Permit trading; Social optimality; Trading ratio; Water quality; Environmental Economics and Policy; Q1; Q2; D2; D8.
Ano: 2007 URL: http://purl.umn.edu/9805
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ANALYZING NEGOTIATION APPROACHES IN NATURAL RESOURCE MANAGEMENT - A CASE STUDY OF CROP-LIVESTOCK CONFLICTS IN SRI LANKA AgEcon
Birner, Regina.
Participatory approaches in natural resource management are increasingly being criticized for their tendency to neglect power relations and conflicts of interests. Negotiation approaches have been proposed as a strategy to overcome such shortcomings. Using the case of negotiations on crop-livestock conflicts in Sri Lanka as an empirical example, this paper proposes to apply the concept of political capital in combination with game theoretical modeling for an analysis of negotiation processes in natural resource management. The model serves to analyze both the incentive structure of the resource users, who are motivated by economic incentives, and the incentive structure of political decision-makers, who are motivated by political interests. The crucial...
Tipo: Conference Paper or Presentation Palavras-chave: Natural resource management; Negotiation; Political capital; Extensive form game; Sri Lanka; Resource /Energy Economics and Policy; Q2.
Ano: 2003 URL: http://purl.umn.edu/25859
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Cost-Effective Reduction of NOx Emissions from Electricity Generation AgEcon
Burtraw, Dallas; Palmer, Karen L.; Bharvirkar, Ranjit; Paul, Anthony.
This paper analyzes the benefits and costs of policies to reduce nitrogen oxides (NOX) emissions from electricity generation in the United States. Because emissions of NOX contribute to the high concentration of atmospheric ozone in the eastern states that is associated with health hazards, the U.S. Environmental Protection Agency (EPA) has called on eastern states to formulate state implementation plans (SIPs) for reducing NOX emissions. Our analysis considers three NOX reduction scenarios: a summer seasonal cap in the eastern states covered by EPA's NOX SIP Call, an annual cap in the same SIP Call region, and a national annual cap. All scenarios allow for emissions trading. Although EPA's current policy is to implement a seasonal cap in the SIP Call...
Tipo: Working or Discussion Paper Palavras-chave: Emissions trading; Electricity; Particulates; Nitrogen oxides; NOx; Health benefits; Environmental Economics and Policy; Q2; Q4.
Ano: 2001 URL: http://purl.umn.edu/10677
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The Impact of Global Warming on U.S. Agriculture: An Econometric Analysis of Optimal Growing Conditions AgEcon
Schlenker, Wolfram; Hanemann, W. Michael; Fisher, Anthony C..
We link farmland values to climatic, soil, and socioeconomic variables for counties east of the 100th meridian, the historic boundary of agriculture not primarily dependent on irrigation. Degree days, a non-linear transformation of the climatic variables suggested by agronomic experiments as more relevant to crop yield gives an improved fit and increased robustness. Estimated coefficients are consistent with the experimental results. The model is employed to estimate the potential impacts on farmland values for a range of recent warming scenarios. The predictions are very robust and more than 75% of the counties in our sample show a statistically significant effect, ranging from moderate gains to large losses, with losses in the aggregate that can become...
Tipo: Working or Discussion Paper Palavras-chave: Environmental Economics and Policy; Land Economics/Use; Q1; Q2; C5.
Ano: 2004 URL: http://purl.umn.edu/25094
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Farmer Acceptance of Genetically Modified seeds in Germany: Results of a Cluster Analysis AgEcon
Gyau, Amos; Voss, Julian; Spiller, Achim; Enneking, Ulrich.
www.ifama.org
Tipo: Journal Article Palavras-chave: Biotechnology; Cluster analysis; German farmers; Agricultural and Food Policy; Crop Production/Industries; Farm Management; Food Security and Poverty; Q2.
Ano: 2009 URL: http://purl.umn.edu/92552
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Incorporating Project Uncertainty in Novel Environment Biotechnologies: Illustrated Using Phytoremediation AgEcon
Linacre, Nicholas A.; Whiting, Steven N.; Angle, J. Scott.
Pollution of the environment by metals and organic contaminants is an intractable global problem, with cleanup costs running into billions of dollars using current engineering technologies. The availability of alternative, cheap and effective technologies would significantly improve the prospects of cleaning-up metal contaminated sites. Phytoremediation has been proposed as an economical and ‘green’ method of exploiting plants to extract or degrade the contaminants in the soil. To date, the majority of phytoremediation efforts have been directed at leaping the biological, biochemical and agronomic hurdles to deliver a working technology, with scant attention to the economic outlook other than simple estimates of the cost advantages of phytoremediation over...
Tipo: Working or Discussion Paper Palavras-chave: Biotechnology; Project risk; Soil contaminants; Environmental remediation; Industrial crop technologies; Crop Production/Industries; Q5; Q51; Q2.
Ano: 2005 URL: http://purl.umn.edu/59223
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The Precautionary Principle Revisited: Its Interpretations and their Conservation Consequences AgEcon
Tisdell, Clement A..
The precautionary principle was included in 1992 in the Rio Declaration on Environmental and Development and is a part of important international agreements and documents, for example, the Convention on Biological Diversity. Yet the interpretation of this principle is not straightforward as a guide for environmental policy – a variety of interpretations are possible. This paper identifies and examines various economic versions of the principle. Furthermore, it shows that different economic versions of the principle can give rise to conflicting policy recommendations for resource conservation. In addition, it demonstrates that applications of the principle do not always favour (natural) resource conservation (for example, biodiversity conservation) although...
Tipo: Working or Discussion Paper Palavras-chave: Biodiversity; Conservation; Climate change; Flexibility; Learning; Precautionary principle; Uncertainty; Environmental Economics and Policy; Q2; Q28; Q3; H43.
Ano: 2009 URL: http://purl.umn.edu/55339
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Uncertainty and the Cost-Effectiveness of Regional NOx Emissions Reductions from Electricity Generation AgEcon
Burtraw, Dallas; Bharvirkar, Ranjit; McGuinness, Meghan.
This paper analyzes uncertainties surrounding the benefits and costs of a policy to reduce nitrogen oxides (NOX) emissions from electricity generation in the eastern United States. Under each of 18 scenarios examined, we find an annual policy would yield net benefits that are at least as great as those expected under the U.S. Environmental Protection Agency's (EPA) currently planned seasonal policy. Preferred (midpoint) assumptions yield additional benefits of $724 million per year under an annual policy compared to a seasonal one (1997 dollars). The subset of 11 northeastern states benefit the most from an annual policy relative to a seasonal one, but relative net benefits are also positive in the remaining states in the region. An annual policy...
Tipo: Working or Discussion Paper Palavras-chave: Emissions trading; Electricity; Particulates; Nitrogen oxides; NOX; Health benefits; Market structure; Restructuring; Deregulation; Value of statistical life; Uncertainty; Environmental Economics and Policy; Q2; Q4.
Ano: 2001 URL: http://purl.umn.edu/10846
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Biological Limits on Agricultural Intensification: An Example from Resistance Management AgEcon
Laxminarayan, Ramanan; Simpson, R. David.
When the application of pesticides places selective evolutionary pressure on pest populations, it can be useful to plant refuge areas-crop areas intended to encourage the breeding of pests that are susceptible to the pesticide. Renewed interest in refuge areas has arisen with recent advances in biotechnology and genetically modified (GM) crops. In this paper, we use a simple model of the evolution of pest resistance to characterize the socially optimal refuge strategy for managing pest resistance. We demonstrate some interesting analogies with other models of renewable resource management, such as those of fisheries. Among the analogous results are findings that maintaining what we might call "maximal sustainable susceptibility" is typically not...
Tipo: Working or Discussion Paper Palavras-chave: Pest resistance; Biotechnology; Optimization; Research and Development/Tech Change/Emerging Technologies; Q1; Q2.
Ano: 2000 URL: http://purl.umn.edu/10914
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Earth Science Remote Sensing Data: Contributions to Natural Resources Policymaking AgEcon
MacAuley, Molly K.; Vukovich, Fred M..
This paper traces the evolution of space-derived remote sensing data and data products from their initial dissemination to their impact on public policy related to climate change. We focus on the examples of renewable energy, public health, and ecosystem assessment. Our approach differs from previous studies that have characterized the value of data in terms of the fundamental scientific phenomena they describe. In our research we have sought to identify contributions of space-derived earth science in "making a difference" beyond scientific understanding, thereby providing at least a partial answer to questions about the utility of research posed by Congress, the Office of Management and Budget, managers at the National Aeronautics and Space...
Tipo: Working or Discussion Paper Palavras-chave: Natural resources; Climate change; Space; Data; Resource /Energy Economics and Policy; Q2; O38.
Ano: 2005 URL: http://purl.umn.edu/10446
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