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Registros recuperados: 133
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CO2 Allowance Allocation in the Regional Greenhouse Gas Initiative and the Effect on Electricity Investors 31
Burtraw, Dallas; Kahn, Danny; Palmer, Karen L..
The Regional Greenhouse Gas Initiative (RGGI) is an effort by nine Northeast and Mid-Atlantic states to develop a regional, mandatory, market-based cap-and-trade program to reduce greenhouse gas (GHG) emissions from the electricity sector. The initiative is expected to lead to an increase in the price of electricity in the RGGI region and beyond. The implications of these changes for the value of electricity-generating assets and the market value of the firms that own them depends on the initial allocation of carbon dioxide allowances, the composition of generating assets owned by the firm, and the locations of those assets. Changes in asset values inside the RGGI region may be positive or negative, whereas changes outside of the RGGI region are almost...
Tipo: Working or Discussion Paper Palavras-chave: Emissions trading; Allowance allocations; Electricity; Air pollution; Auction; Grandfathering; Generation-performance standard; Output-based allocation; Cost-effectiveness; Greenhouse gases; Climate change; Global warming; Carbon dioxide; Asset value; Environmental Economics and Policy; Q2; Q25; Q4; L94.
Ano: 2005 URL: http://purl.umn.edu/10495
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The Effect on Asset Values of the Allocation of Carbon Dioxide Emission Allowances 31
Burtraw, Dallas; Palmer, Karen L.; Bharvirkar, Ranjit; Paul, Anthony.
Paradoxically, owners of existing generation assets may be better off paying for carbon dioxide emission allowances than having them distributed for free. This analysis shows that it takes just 7.5% of the revenue raised under an auction to preserve the asset values of existing generators.
Tipo: Working or Discussion Paper Palavras-chave: Carbon dioxide; Emission allowance trading; Allocation; Electricity; Restructuring; Air pollution; Auction; Grandfathering; Generation performance standard; Outputbased allocation; Cost-effectiveness; Environmental Economics and Policy; Q2; Q25; Q4; L94.
Ano: 2002 URL: http://purl.umn.edu/10705
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Trip-Level Analysis of Efficiency Changes in Oregon's Deepwater Trawl Fishery 31
Tomberlin, David; Holloway, Garth J..
In 2003, an industry-financed, government-administered buyback of trawl fishing permits and vessels took place on the US West Coast, resulting in the retirement of about one-third of the limited-entry trawl fleet. The lack of cost data in this fishery precludes an analysis of how the buyback has affected profitability, but changes in technical efficiency can provide some insight into the program's effects. This paper, the first of a planned series of analyses of the buyback's effect on technical efficiency in the trawl fleet, applies stochastic frontier analysis to assess whether technical efficiency changed perceptibly after 2003. We adopt a hierarchical modeling approach estimated with Markov Chain Monte Carlo methods, and present results from both...
Tipo: Working or Discussion Paper Palavras-chave: Fishery Buyback; Technical Efficiency; Stochastic Production Frontier; Bayesian Inference; Markov Chain Monte Carlo; Resource /Energy Economics and Policy; Q2; L5; C1.
Ano: 2007 URL: http://purl.umn.edu/8223
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Efficient Emission Fees in the U.S. Electricity Sector 31
Banzhaf, H. Spencer; Burtraw, Dallas; Palmer, Karen L..
This paper provides new estimates of efficient emission fees for sulfur dioxide (SO2) and nitrogen oxides (NOX) emissions in the U.S. electricity sector. The estimates are obtained by coupling a detailed simulation model of the U.S. electricity markets with an integrated assessment model that links changes in emissions with atmospheric transport, environmental endpoints, and valuation of impacts. Efficient fees are found by comparing incremental benefits with emission fee levels. National quantity caps that are equivalent to these fees also are computed, and found to approximate caps under consideration in the current multi-pollutant debate in the U.S. Congress and the recent proposals from the Bush administration for the electricity industry. We also...
Tipo: Working or Discussion Paper Palavras-chave: Emissions trading; Emission fees; Air pollution; Cost-benefit analysis; Electricity; Particulates; Nitrogen oxides; NOx; Sulfur dioxide; SO2; Health benefits; Environmental Economics and Policy; Q2; Q4; D61.
Ano: 2002 URL: http://purl.umn.edu/10505
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Contracting for Impure Public Goods: Carbon Offsets and Additionality 31
Mason, Charles F.; Plantinga, Andrew J..
Governments contracting with private agents for the provision of an impure public good must contend with agents who would potentially supply the good absent any payments. This additionality problem is centrally important in the use of carbon offsets as part of climate change mitigation. Analyzing optimal contracts for forest carbon sequestration, an important offset category, we conduct a national-scale simulation using results from an econometric model of land-use change. The results indicate that for an increase in forest area of 50 million acres, annual government expenditures with optimal contracts are about $4 billion lower compared than under a uniform subsidy.
Tipo: Working or Discussion Paper Palavras-chave: Carbon Sequestration; Incentive Contracting; Offsets; Additionality; Environmental Economics and Policy; Q2; D8; L15.
Ano: 2011 URL: http://purl.umn.edu/101290
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Systems Analysis by Graph-theoretic Techniques: Assessment of Institutional Linkages in the Agricultural Innovation System of Azerbaijan 31
Temel, Tugrul T.; Janssen, Willem; Karimov, Fuad.
This paper develops a quantitative, graph-theoretic method for analysing systems of institutions. With an application to the agricultural innovation system of Azerbaijan, the method is illustrated in detail. An assessment of existing institutional linkages in the system suggests that efforts should be placed on the development of intermediary institutions to facilitate quick and effective flow of knowledge between the public and the private components of the system. Furthermore, significant accomplishments are yet to come in policy-making, research and education, and credit institutions.
Tipo: Conference Paper or Presentation Palavras-chave: Graph theory; Systems approach; Agricultural innovation system; Azerbaijan.; Research and Development/Tech Change/Emerging Technologies; Q2; C8.
Ano: 2002 URL: http://purl.umn.edu/24845
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Monte Carlo Benchmarks for Discrete Response Valuation Methods 31
Huang, Ju-Chin; Smith, V. Kerry.
This paper argues that the widespread belief that discrete contingent valuation (CV) questions yield substantially larger estimates of the mean (and the median) willingness to pay (WTP) for nonmarket environmental resources in comparison to estimates from open-ended CV questions is unfounded. A set of Monte Carlo experiments estimate the factors influencing the performance of WTP estimates based on discrete response models. Most of the error in the WTP estimates arises from the specification errors that are common in most of the empirical models used in the literature. These experiments suggest models based on choices where WTP is dominated by non use (or passive use) values are likely to have smaller errors than where large use values influence these...
Tipo: Working or Discussion Paper Palavras-chave: Discrete response contingent valuation; Monte Carlo; Non-market valuation; Financial Economics; C93; D12; Q2.
Ano: 1997 URL: http://purl.umn.edu/10546
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How Local Governments Structure Contracts with Private Firms: Economic Theory and Evidence on Solid Waste and Recycling Contracts 31
Walls, Margaret.
Solid waste management services are contracted out to private firms in many U.S. communities. Household waste collection, transport, and disposal are relatively straightforward services to define within the terms of a contract. The addition of recycling, however, significantly complicates matters. How should contracts be structured to provide incentives for recycling? Who should own key facilities, such as recyclable materials processing facilities? Should a separate contract for processing and sale of materials be used, or should these services be provided by government employees or purely private markets? These questions are addressed in this study using the principal-agent framework and the theory of incomplete contracts in economics. I explain stylized...
Tipo: Working or Discussion Paper Palavras-chave: Incentive contracts; Asset specificity; Principal-agent models; Waste collection; Recycling; Environmental Economics and Policy; L33; L14; Q2.
Ano: 2003 URL: http://purl.umn.edu/10707
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Eco-eficiência na Produção de Cera de Carnaúba no Município de Campo Maior, Piauí, 2004 31
Carvalho, Francisco Prancacio Araujo de; Gomes, Jaira Maria Alcobaca.
The Copernicia prunifera (Miller) H.E. Moore or “carnauba” generates a material from the leaves used in the wax production, raw material of countless industrial products. Brazil is the only producer of carnauba wax and the state of Piauí, an important influential. In this, the natural conditions of the district of Campo Maior favor the incidence of the carnauba and its historical tradition in the wax production, turned it a regional pole. The general goal is to analyze, in the carnauba wax production, the elements and the eco-efficiency indicators - economical efficiency associated with low environmental impact. The specific goals are: to evaluate, qualitatively, the materials and energy consumption, toxic substances emissions, existence of recycling of...
Tipo: Journal Article Palavras-chave: Carnauba wax. Eco-efficiency. Brazil Northeast. State of Piauí.; Agribusiness; O18; Q01; Q2; M14.
Ano: 2008 URL: http://purl.umn.edu/61245
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Bang for the Buck: Cost-Effective Control of Invasive Species with Different Life Histories 31
Buhle, Eric; Margolis, Michael; Ruesink, Jennifer L..
Strategies for controlling invasive species can be aimed at any or all of the stages in the life cycle. In this paper we show how to combine biological data on population dynamics with simple economic data on control cost options to determine the least costly set of strategies that will halt an invasion. We then apply our methods to oyster drills (Ocinebrellus inornatus), an economically important aquaculture pest that has been accidentally introduced worldwide. If the costs of intervention were the same across life stages, extermination of adults would be an inefficient way to control species with the population dynamics characteristics of invaders. In the oyster drill case, however, efficient control targets adults because they are much easier to find.
Tipo: Working or Discussion Paper Palavras-chave: Invasive species; Bioeconomics; Control strategies; Environmental Economics and Policy; Q10; Q2; Q22.
Ano: 2004 URL: http://purl.umn.edu/10793
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A Coasian Approach to Efficient Water Allocation of a Transboundary River 31
Willis, David B.; Baker, Justin Scott.
The United States and Mexico recently resolved a decade-old water dispute that required Mexico to repay the accumulated water debt within one year. A Coasian analysis estimates the social welfare gains attainable to each country under an alternative debt repayment scheme that allows repayment over a longer time horizon and in a combination of dollars and water, instead of solely in water. Assuming average water supply conditions, under the agreed 1-year repayment contract, U.S. compensation value is 534% greater and Mexico’s compensation cost is 60% less relative to when compensation is paid exclusively in water.
Tipo: Journal Article Palavras-chave: Coase; Water allocation; Water compensation; Water markets; Agribusiness; Consumer/Household Economics; Environmental Economics and Policy; Q1; Q2.
Ano: 2008 URL: http://purl.umn.edu/46985
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The Role of Economics in Extended Producer Responsibility: Making Policy Choices and Setting Policy Goals 31
Walls, Margaret.
Extended producer responsibility (EPR) embodies the notion that producers should be made physically or financially responsible for the environmental impacts their products have at the end of product life. The EPR concept has taken hold in Europe and is garnering wide interest in the United States, where a variant known as "shared product responsibility" or "product stewardship" is usually the preferred approach. There are several policy instruments that are consistent with EPR-product take-back mandates, advance disposal fees, deposit-refunds, recycled content standards, and more. The EPR concept itself, however, provides little guidance about which of these instruments might be appropriate under particular conditions and for particular products. Moreover,...
Tipo: Working or Discussion Paper Palavras-chave: EPR; Recycling; Design for environment; Agricultural and Food Policy; Q2; H2.
Ano: 2003 URL: http://purl.umn.edu/10855
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JOINT ADOPTION OF MULTIPLE TECHNOLOGIES: A DUAL, LATENT DEMAND APPROACH 31
Lichtenberg, Erik; Strand, Ivar E., Jr..
Latent demand models can be used to overcome computational difficulties that frequently hamper empirical evaluation of relatedness in the adoption of multiple technologies. This paper develops and applies such an approach to a case involving agricultural soil and water conservation. The results indicate both complementarity and substitution. Own-price elasticities of demand for all technologies and cross-price elasticities of demand for related technologies are substantial. The results are used to derive implications for the design and implementation of cost sharing programs, which have been one of the primary policies used to address nonpoint source agricultural water pollution problems.
Tipo: Working or Discussion Paper Palavras-chave: Demand and Price Analysis; Environmental Economics and Policy; Research and Development/Tech Change/Emerging Technologies; O3; Q1; Q2.
Ano: 2000 URL: http://purl.umn.edu/28566
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Optimal control of spatial-dynamic processes: The case of biological invasions 31
Epanchin-Niell, Rebecca S.; Wilen, James E..
This study examines the spatial nature of optimal bioinvasion control. We develop and parameterize a spatially explicit two-dimensional model of species spread that allows for differential control across space and time, and we solve for optimal control strategies. We find that the qualitative nature of optimal strategies depend in interesting ways on aspects of landscape and invasion geometry. For example, we show that reducing the extent of exposed invasion edge, through spread, removal, or strategically employing landscape features, can be an optimal strategy because it reduces long-term containment costs. We also show that optimal invasion control is spatially and temporally “forward-looking” in the sense that strategies should be targeted to slow the...
Tipo: Conference Paper or Presentation Palavras-chave: Invasive species; Spatial-dynamic processes; Spatial spread; Reaction-diffusion; Management; Cellular automaton; Eradication; Containment; Spatial control; Integer programming; Environmental Economics and Policy; Land Economics/Use; Resource /Energy Economics and Policy; Q; Q1; Q2; Q5.
Ano: 2010 URL: http://purl.umn.edu/61375
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Does Government Regulation Complement Existing Community Efforts to Support Cooperation? Evidence from Field Experiments in Colombia 31
Lopez, Maria Claudia; Murphy, James J.; Spraggon, John M.; Stranlund, John K..
In this paper we describe a field experiment conducted among mollusk harvesters in a community on the Pacific Coast of Columbia. The experiment is based on a standard linear public good and consists of two stages. In the first stage we compare the ability of monetary and nonmonetary sanctions among community members to increase contributions to the public good. In the second stage we add a government regulation with either a high or low sanction for noncompliance to community enforcement efforts. The results for the first stage are consistent with other comparisons of monetary and nonmonetary sanctions within groups; both led to higher contributions. The results from the second stage reveal that government regulations always complemented community...
Tipo: Working or Discussion Paper Palavras-chave: Field experiments; Public goods; Government regulation; Community enforcement; Environmental Economics and Policy; Institutional and Behavioral Economics; Public Economics; C93; H41; Q2.
Ano: 2008 URL: http://purl.umn.edu/42128
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State-Level Policies and Regulatory Guidance for Compliance in the Early Years of the SO2 Emission Allowance Trading Program 31
Lile, Ronald D.; Burtraw, Dallas.
The Clean Air Act Amendments (CAAA) of 1990 instituted a historic experiment in emission allowance trading for sulfur dioxide (SO2). A necessary requirement for evaluating this experiment is an understanding of how the cost recovery rules and other guidance given to firms by state-level public utility commissions (PUCs) and elected bodies has affected compliance behavior. From the onset of the CAAA, there has been varied response by state policy-makers toward SO2 compliance. This paper presents a compilation of these actions as they took shape in states that were affected by the SO2 program. Our primary interest is on the proposals that emerged during the embryonic years of the allowance program, from 1990 to 1993, when investment plans for utilities...
Tipo: Working or Discussion Paper Palavras-chave: Clean Air Act Amendments; Sulfur dioxide; Allowance trading; Regulation; Electricity; Public utility commissions; Environmental Economics and Policy; H43; Q2; Q4.
Ano: 1998 URL: http://purl.umn.edu/10828
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The Cost of Reducing Municipal Solid Waste 31
Palmer, Karen L.; Sigman, Hilary; Walls, Margaret.
This paper explores public policies for reduction of municipal solid waste. We parameterize a simple model of waste disposal using supply and demand elasticities from the economics literature and 1990 prices and quantities of recyclable and recycled materials. Using this model, we calculate the waste reduction in response to three public policies: (i) deposit/ refunds, (ii) advance disposal fees, and (iii) recycling subsidies. The results illustrate the effects of the three policies on source reduction and recycling of five recyclable materials that comprise 56 percent of municipal solid waste: aluminum, glass, paper, plastic, and steel. The calculated responses provide information about the cost of reducing municipal solid waste through various policies....
Tipo: Working or Discussion Paper Palavras-chave: Solid waste; Deposit/refund; Recycling subsidy; Secondary materials; Environmental Economics and Policy; Q2; H2.
Ano: 1996 URL: http://purl.umn.edu/10898
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When Should Uncertain Nonpoint Emissions be Penalized in a Trading Program? 31
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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BEHAVIOURS OF CONSERVATION ORGANIZATIONS AND THEIR ENVIRONMENTAL IMPLICATIONS. Analysis based on New (and not so new) Institutional Economics 31
Tisdell, Clement A..
This article draws mostly (but not entirely) on new institutional economics to consider the likely behaviours of non-government conservation organizations and the implications of these behaviours for biodiversity conservation. It considers how institutional factors may result in behaviour of conservation NGOs diverging from their objectives, including their support for biodiversity conservation; examines aspects of rent capture and conservation alliances; specifies social factors that may restrict the diversity of species supported by NGOs for conservation; considers bounded rationality in relation to the operation of conservation NGOs; and using game theory, shows how competition between NGOs for funding can result in economic inefficiencies and narrow...
Tipo: Working or Discussion Paper Palavras-chave: Australia; Biodiversity conservation; Bounded rationality; Civil society; Common Agricultural Policy; European Union; Landcare; Mixed goods; New institutional economics; New Zealand; NGOs; Principal-and-agent problem; Political acceptability; Environmental Economics and Policy; Institutional and Behavioral Economics; Political Economy; Q00; Q2; Q5; Q57; Z13.
Ano: 2008 URL: http://purl.umn.edu/6185
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Economics of Cogongrass Control in Slash Pine Forests 31
Alavalapati, Janaki R.R.; Jose, Shibu; Stainback, G. Andrew; Matta, Jagannadha R.; Carter, Douglas R..
Cogonagrass (Imperata Cylindrica), an invasive weed, is a threat to slash pine forests. Using a dynamic optimization model, we estimated the impact of cogongrass on the profitability of slash pine forestry under four scenarios: no threat of cogongrass infestation; infestation is uncertain, and no control measures are taken; infestation is uncertain, but control measures are undertaken by one landowner but not the neighbors; and infestation is uncertain, and control measures are undertaken by everyone. Results indicate that annual net returns per acre under each scenario, respectively, are $25.30, $16.97, $13.89, and $17.38. Results suggest fostering a cooperative behavior among landowners is desirable.
Tipo: Journal Article Palavras-chave: Cogongrass; Infestation; Invasive species; Productivity; Profitability; Q0; Q2.
Ano: 2008 URL: http://purl.umn.edu/37121
Registros recuperados: 133
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