The human/climate change connection: two approaches, same story
SEPTEMBER 13, 2016
What is the connection between humans and temperature changes over time? Click to enlarge
Economic transition is a difficult, but necessary conversation--especially for those affected
SEPTEMBER 8, 2016
As countries develop, economically and socially, the means of producing economic well-being shift. These shifts are often uncomfortable for those working tin the affected industries. In the U.S. This was a difficult transition for on-farm workers but the overall level of well-being in the U.S. increased.
The BP/Deepwater Horizon federal CVM study estimated damages of $17 billion
MARCH 5, 2016
Go to the Deepwater Horizon Response & Restoration website and click on: 5. Preassessment/Assessment. Other lines of investigation. Other materials. Obvious, right? You'll see a bunch of memos from the "Total Value Team" that can be pieced together to form a coherent report. Here is the bottom line
"Considering John Krutilla and the Environmental Turn in Natural Resource Economics"
JULY 13, 2016
Spencer Banzhaf: John Krutilla, a pioneer in environmental economics, helped to shape the field as an expert at Resources for the Future (RFF) in the mid-twentieth century. Perhaps his greatest legacy is shifting the discussion from one of economics versus the environment to consider a new economics of the environment. In
The American Statistical Association sets out six principles for proper use of P-values (And you won't believe #2 or #4)*
MARCH 7, 2016
Via Retraction Watch: After reading too many papers that either are not reproducible or contain statistical errors (or both), the American Statistical Association (ASA) has been roused to action. Today the group released six principles for the use and interpretation of p values. But the ASA says they are widely misused.
2015 Kenneth G. Elzinga Distinguished Teaching Award
MAY 12, 2016
Considering the past 6 years, environmental economists win it about 50% of the time : Dr. Leah Greden Mathews of the University of North Carolina Asheville. The winner was announced at the 2015 meeting of the Southern Economic Association in New Orleans, LA on Sunday, November 22, and was awarded a plaque and a cash award. Congrats
A presidential candidate that doesn't make me even a little uncomfortable
MAY 26, 2016
Richard G. Newell named next president of RFF: Resources for the Future (RFF) today announced the appointment of Richard G. Newell of Duke University as its next president. He will succeed current RFF president and former US congressman Phil Sharp, who will retire at the end of June after 11 years at RFF’s helm.
Raise your hand if you want to work with me.
OCTOBER 12, 2015
The Department of Agricultural, Environmental, and Development Economics (my department) in the College of Food, Agricultural and Environmental Sciences (my college) at The Ohio State University (my university) is hiring for four new faculty positions--and I am not ashamed of taking advantage of this blog to promote the positions.
A different kind of ash-hole problem: Does the distribution of costs matter to economists?
JANUARY 20, 2016
I've written in the past about the Emerald Ash Borer and the problems they cause in Ohio. This post is about a different kind of ash, coal-ash, and the problems it causes in Ohio (and other states). Coal-ash is a by-product of coals fired electricity production. Get it? Just a thought
Not seeing the forest for the trees?
SEPTEMBER 12, 2011
Nancy Folbre promotes the notion of green jobs at Economix and then gets down to business: The biggest gains from investments in new renewable-energy technologies are not easily captured in private transactions, because they produce environmental services that are largely unpriced. These are red herrings because cost of green jobs vs. what exactly?
I'm now looking forward to the spam inviting me to join
MAY 12, 2016
From Wikipedia : ResearchGate has been criticized for emailing unsolicited invitations to the coauthors of its users.
"Shattering Myths to Help the Climate"
AUGUST 3, 2014
Robert Frank: Why aren’t we demanding more forceful [climate] action? One reason may be the frequent incantation of a motley collection of myths, each one rooted in bad economics: Myth 1: The enormous uncertainty of climate science argues for a wait-and-see strategy. But uncertainty cuts two ways. Myth 3: A carbon tax would destroy jobs.
Seventh Annual Conference and Meeting | Society for Benefit-Cost Analysis
MARCH 19, 2015
Thursday, March 19, 3:45 – 5:15 Session 4. E.4: Non-Market Recreational Welfare Effects of Changes in the Diversity and Abundance of Species. Chair: Trudy Ann Cameron, University of Oregon. Poe*, Cornell University; Richard C. Ready, Pennsylvania State University / Montana State University; T. Bruce Lauber, N.A. Connelly, R.C Stedman and S.
A Common Tragedy
FEBRUARY 4, 2013
even if the short-term effects are uncomfortable : An advisory council voted Wednesday to. That move, analysts. Scores of fishermen.
Top 14 economics journals
MARCH 21, 2014
According to Google Scholar Metrics
Why is this book so expensive?
MARCH 17, 2015
It is in paperback. There is a secondary market. There are a number of other good subsitutes. What am I missing? Is it the most awesome book ever?
Austerity for electric cars
JUNE 10, 2013
In their place today are four blue signs memorializing the end Feb. 28 of an “EV charging station pilot project.”. These 146 cars sucked up 446.9
Add 'delayed effects on fish stocks' to the list of damages to be valued during oil spills
SEPTEMBER 10, 2015
The herring population crashed four years after the spill in Prince William Sound and pink salmon stocks also declined, but the link to the oil spill has remained controversial.
Picture of the day
MARCH 5, 2013
If you like this one there are more here. Hat tip: The Door
"The World’s Top Economists Want to Work for Amazon and Facebook"
JULY 20, 2016
For their paper, Bailey and his co-authors had matched public records on 525,000 home sales to anonymized data for 1.4 million Facebook users. It was the first formal gathering of tech company economists, according to NABE Executive Director Tom Beers, and included numerous stars of the consumer Internet. via www.bloomberg.com.
Teaching environmental policy to MBAs with Veconlab
FEBRUARY 18, 2016
App State has become quick to cancel classes with the buses won't run. When that happens we are asked to "winterize" our courses. RFF-DP-09-22, 2009.
"Estimating The Social Cost Of Carbon: Robert Pindyck’s Critique"
SEPTEMBER 6, 2013
Joel Darmstadter and Alan J. Krupnick at Common Resources : The U.S. government’s new consensus estimate of the social cost of carbon (SCC) —around $43 per ton CO2 from a 2020 baseline—has met with some approval in academic and other circles ( as we discussed yesterday ). Very little”. Hardly a condemnation of the SCC! via common-resources.org.
Getting Crabs: A Tragedy of the Commons
APRIL 14, 2016
Maryland Blue Crabs are a classic example of a common pool resource. Chance said watermen welcome those discussions.
2016 Annual Conference | Society for Benefit-Cost Analysis
AUGUST 26, 2015
Call for papers: The Society for Benefit-Cost Analysis (SBCA) is now accepting abstracts for participation in our 2016 annual conference on Improving the Theory and Practice of Benefit-Cost Analysis. We define BCA broadly, including cost-effectiveness analysis, risk-benefit analysis, applied welfare economics, damage assessment and other methods.
More on pricing water
APRIL 8, 2015
Meredith Fowlie: The use of moral suasion to encourage conservation is not unique to California. And it is easy to see why.
Editorializing Europe's carbon market
MAY 7, 2013
Like all such systems, Europe’s program caps the overall emissions that power plants, steel mills and other industries can put into atmosphere.
Another fracking fight
OCTOBER 9, 2014
Many Texans have long held the oil and gas industry as dear to their hearts as a prairie range full of feeding cattle. Now suddenly that love is being tested here in a local election, where a grass-roots campaign against gas producers has pushed the industry into a corner. No city in Texas has ever come close to passing such a measure.
The first review of Environmental and Natural Resource Economics: An Encyclopedia
OCTOBER 2, 2014
From Booklist : Arguably, our adherence to the free-market model of economics has been among the major factors that have contributed to environmental deterioration. This is because environmental benefits are treated as public goods and are hence underpriced and undervalued. Muhammed Hassanali
What's wrong with climate change economics?
MARCH 14, 2012
Er, nothing? Joe Romm : Last week economist William Nordhaus slammed global warming deniers and explained that the cost of delaying action is $4 Trillion. Nordhaus’s piece proves that point. This question has been studied extensively. That highlighted sentence may strike some of you as a bit strange. That seems like a reasonable thing to say to me.
"More than half of top-tier [lab experiment] economics papers are replicable"
MARCH 8, 2016
Retraction Watch : Approximately six out of 10 economics studies published in the field’s most reputable journals — American Economic Review and the Quarterly Journal of Economics — are replicable, according to a study published today in Science. They also surveyed traders on their beliefs of the probability of replication. and Lela G.
Some politicians only love benefit-cost analysis when the benefits are zero
SEPTEMBER 13, 2013
Remember when benefit-cost analysis was going to stop all those unnecessary regulations that saved lives ? John Barrasso (R-Wyo.) via thehill.com.
I've been slow to adapt but my new research field is "ecosystem services valuation" #chump
MARCH 25, 2016
Here is another slide from the talk.
Study rules out stupidity as a cause of disbelief in climate science*
MAY 29, 2012
And the Yale research published today reveals that if Americans knew more basic science and were more proficient in technical reasoning it would still result in a gap between public and scientific consensus. adults. "The aim of the study was to test two hypotheses," said Dan Kahan, Elizabeth K. via www.enn.com.
Oyster Reef Restoration
SEPTEMBER 24, 2015
Back in 2004, Rob Hicks, Doug Lipton and I finished up a project for the Chesapeake Bay Foundation to estimate the benefits of oyster reef restoration in the Chesapeake Bay. The largest city is in Japan. Brazil’s Amazon is the largest rain forest. And the largest airport sits in the middle of a Saudi Arabian desert. Why is this a big deal?
Seattle Seahawks to get largest solar energy roof- 2.5 Acres of it
JUNE 3, 2011
It will be on the roof of Qwest Field Event Center. The huge solar installation will cover over 2.5
Take an econometrics course
JULY 14, 2016
We just added an additional quantitative course to our majors. When students start complaining I'll point them here: The knock that liberal-arts graduates can have a tough time landing a first job is borne out by the data. In most cases, those skills increase salary prospects markedly, as well. via chronicle.com.
"95% consensus of expert economists: cut carbon pollution"
JANUARY 4, 2016
Dana Nuccitelli at The Guardian: The Institute for Policy Integrity at the New York University (NYU) School of Law recently published a report summarizing a survey of economists with climate expertise. The report was a follow-up and expansion of a similar survey conducted in 2009 by the same institute. via www.theguardian.com.
Using big data for fish harvest estimation
JANUARY 29, 2016
There is a growing literature showing that the internet search volume on a particular topic (e.g., unemployment rates) [ 4 ]. PLoS ONE 10(9): e0137752.
What do the U.S., Russia, Ireland and Morocco have in common?
JANUARY 28, 2014
Illustration credit: Richie King, Quartz ; (click for larger image). via www.yahoo.com. prefer bourbon. Unlike vodka, it has a flavor.
"RGGI Delivers Yet Again"
APRIL 23, 2015
Rachel Cleetus: Yesterday the nine states that participate in the Regional Greenhouse Gas Initiative (RGGI) released a report that highlights the continuing success of the nation’s longest-running carbon market. The big takeaway: yes, it is possible to tackle our climate and energy challenges while delivering huge benefits to consumers! The $1.4