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Registros recuperados: 5
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Does anybody give a dam? The importance of public awareness for urban water conservation during drought AgEcon
Aisbett, Emma; Steinhauser, Ralf.
Demand management has been of interest in dry climates such as Australia, Spain and the Western United States for decades. It is particularly important to understand policy options during drought conditions, as drought periods have a disproportionate effect on supply infrastructure decisions. While water‐conservation campaigns aimed at inducing voluntary consumption reductions are almost universally employed by water managers in times of supply constraint, voluntary measures are generally dismissed in the economics literature as ineffective. We argue that the robust positive correlation between dam levels and consumption after controlling for policy changes suggests that there is a significant component of voluntary conservation. Furthermore, omitting dam...
Tipo: Report Palavras-chave: Water use; Demand management; Pricing; Behavioral aspects; Community/Rural/Urban Development; Environmental Economics and Policy.
Ano: 2011 URL: http://purl.umn.edu/107850
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Regulatory Takings and Environmental Regulation in NAFTA's Chapter 11 AgEcon
Aisbett, Emma; Karp, Larry S.; McAusland, Carol.
NAFTA's investment treaty has led to several expropriation compensation claims from investors hurt by new environmental regulations. Expropriation clauses in international treaties solve post-investment moral hazard problems such as hold-ups. However, these clauses can interact with National Treatment clauses in a manner that hinders investment. A police powers carve-out from the definition of expropriation can be Pareto-improving and can increase the level of foreign investment.
Tipo: Working or Discussion Paper Palavras-chave: Foreign direct investment; Regulatory takings; Expropriation; NAFTA; National Treatment; Environment; Environmental Economics and Policy; International Relations/Trade; K3; Q58; F21.
Ano: 2006 URL: http://purl.umn.edu/7195
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Valuing Ecosystem Services to Agricultural Production to Inform Policy Design: An Introduction AgEcon
Aisbett, Emma; Kragt, Marit Ellen.
There is an ongoing policy debate regarding both how much government intervention there should be to protect ecosystems affected by agriculture, and how the costs of these interventions should be distributed across different interest groups. In accordance with the policy focus in most countries, the majority of the valuation literature on ecosystem services and agriculture estimates the benefits that managed agricultural landscapes can provide to the rest of society. We argue, however, that the efficiency and equity of policies for ecosystem services related to agriculture can be further enhanced by understanding the value and sources of ecosystem services that agricultural production receives. With this in mind, we survey studies and techniques for...
Tipo: Report Palavras-chave: Agricultural and Food Policy; Environmental Economics and Policy.
Ano: 2010 URL: http://purl.umn.edu/96385
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Bilateral Investment Treaties and Foreign Direct Investment: Correlation versus Causation AgEcon
Aisbett, Emma.
The rapid and concurrent increase in both foreign investment and government efforts to attract foreign investment at the end of last century makes the question of causality between the two both interesting and challenging. I take up this question for the case of the nearly 2,500 bilateral investment treaties (BITs) that have been signed since 1980. Using data on bilateral investment outflows from OECD countries, I test whether BITs stimulate investment in twenty eight low- and middle-income countries. In contrast to previous studies that have found a strong effect from BIT participation, I explicitly model and empirically account for the endogeneity of BIT adoption. I also test for a signaling effect from BITs. I find that the initially strong correlation...
Tipo: Working or Discussion Paper Palavras-chave: International Relations/Trade.
Ano: 2007 URL: http://purl.umn.edu/7188
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Police-powers, regulatory takings and the efficient compensation of domestic and foreign investors AgEcon
Aisbett, Emma; Karp, Larry S.; McAusland, Carol.
In customary international and public law, “takings” resulting from regulations designed to protect the public good are generally excluded from compensation rules; this exclusion is known as a police powers carve-out (PPCO). Increasingly, this PPCO is being challenged, particularly in international investment law. This paper analyzes the efficiency properties of a PPCO in a model with endogenous regulation, investment and entry. We design a one-parameter family of carve-out/compensation schemes that induce efficient regulation and firm level investment even when the regulator suffers fiscal illusion and the social benefit from regulation is private information to the regulator. We show that offering a carve-out reduces the subsidy to risky industry...
Tipo: Working or Discussion Paper Palavras-chave: Regulatory takings; Expropriation; Environment; Foreign direct investment; NAFTA; Environmental Economics and Policy; Research Methods/ Statistical Methods; F21; H4; K3; Q58.
Ano: 2008 URL: http://purl.umn.edu/42842
Registros recuperados: 5
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