Environmental Economics

Mnuchin vs. Thunberg vs. Neoclassical Economics

Environmental Economics

Last week Treasury Secretary Steven Mnuchin insulted climate activist and Time Person of the Year Greta Thunberg by claiming that she shouldn't talk about climate policy before studying economics and college. 

2020 194

Price Gouging during the Pandemic

Environmental Economics

The global coronavirus pandemic is an emergency.    Whenever there is an emergency (think hurricanes, earthquakes), there are accusations of price gouging. 

2020 164

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RFF | Request for Proposals: Retrospective Studies of Regulatory Performance

Environmental Economics

I'm posting this RFP at the request of Dick Morgenstern and Art Fraas. This is a great project. coincidentally, I recently purchased Economic Analysis a the EPA , ed. by Morgenstern and have read the intro, conclusions, and all the parts about estimating benefits.

2020 130

Nature is hiring an environmental economics editor

Environmental Economics

2019 158

Take the "What Are Things REALLY Worth?" survey!

Environmental Economics

I did and I'm only mildly traumatized (how in the world did this get past the IRB???): Stanford, CA —  How valuable are the things that money cannot buy? Dr. Tim Kane, a research fellow at the Hoover Institution, is running a week-long research survey to find out.

2019 158

Daily demand and supply: the market for rhodium

Environmental Economics

From the WSJ Microeconomics Weekly Review: World’s Priciest Precious Metal Surges Amid Emissions Clampdown. By Joe Wallace | January 23, 2020.

2020 130

Clean Air Act and Clean Water Act Symposium in Journal of Economic Perspectives

Environmental Economics

The most recent issue of the Journal of Economic Perspectives features a three-article symposium on the 50th anniversary of the Clean Air and Clean Water Acts.

2019 141

"MARINE RESOURCE ECONOMICS ANNOUNCES NEW CASE STUDIES SECTION"

Environmental Economics

I'm shouting because the journal is shouting: Marine Resource Economics  is now accepting submissions for a new section of the journal titled Case Studies, which is intended to provide an outlet for rigorous, theoretically grounded analyses of the governance of individual fisheries and/or aquaculture systems.

2019 141

Luxexcel adds 3D printed prescription lenses to Vuzix AR headsets

Environmental Economics

Ophthalmic lens manufacturer Luxexcel has teamed up with augmented reality (AR) headset and eyewear company Vuzix to produce a range of 3D printed prescription lenses. The prescription inserts are designed especially for the Vuzix Blade AR Smart Sunglasses, and will be launched at CES Las Vegas 2018. The development of smart ophthalmic lenses Unlike the standard […].

2018 218

Predicting Adaptation to Climate Change using Regional Heterogeneity in Mortality Effects of Temperature

Environmental Economics

  I am glad to have gotten an invitation from John to guest-blog here.    I am an Associate Professor of economics at the Andrew Young School at Georgia State University.

2018 211

I have a few follow-up questions.

Environmental Economics

There seems to be a climate change pattern emerging.in the administration's response to questions about climate change.

2019 151

Martin Weitzman: 1942 - 2019

Environmental Economics

Here is his Wikipedia page: [link]. And here is Rob Stavins on twitter: It is painful for me to convey the sad news that my Harvard colleague, mentor, and friend, Marty Weitzman, died unexpectedly yesterday.

2019 141

Recommended reading: Another important VSL paper

Environmental Economics

Why not? Monetizing Bowser: A Contingent Valuation of the Statistical Value of Dog Life. Deven Carlson, Simon Haeder, Hank Jenkins-Smith, Joseph Ripberger  Abstract. Households in the USA spend about $70 billion annually on pets.

2019 130

"Here's what it could cost for America to buy Greenland"

Environmental Economics

If history is any guide, the autonomous Danish territory is worth at least $1 billion. In 1946, the United States offered Denmark $100 million in gold to buy Greenland, according to documents in the US National Archives. That's equivalent to $1.3 billion today, taking inflation into account.

2019 141

Today's "Moment of Happiness"

Environmental Economics

This is a good one for the beginning of the semester: “The desire of being believed, the desire of persuading, of leading, and directing other people, seems to be one of the strongest of all our natural desires.” -- Adam Smith,  The Theory of Moral Sentiments.

2019 141

Yucks and grins

Environmental Economics

2019 130

Climate change book reviews: do nothing, do a little, do a lot (or just drink beer?)

Environmental Economics

2018 176

Ten Years of Select Economic Data in Graphs

Environmental Economics

A pet peeve of mine as an economist is giving too much credit to the current quarterback , er.President for [economic] wins and too much blame for [economic] losses. 

2017 207

A quick comment about opt-in panels

Environmental Economics

Here is a comment I received on a referendum repeated contingent valuation (aka, discrete choice experiment) survey: I seriously dont think this is a realistic way to make decisions regarding such a complex situation. I hope my answers arent used to help anyone.

2019 130

There is no longer an Environmental Economics Advisory Committee at the EPA

Environmental Economics

From the inbox: Dear colleagues, I want to inform you of recent decisions regarding standing committees under the auspices of the Science Advisory Board (SAB).      On the recommendation of the SAB Staff Office, the SAB, unanimously agreed, at our 5/31/18 administrative meeting, to retire three of our current seven standing committees.

2018 183

New working paper: "Willingness Toupee"

Environmental Economics

Willingness Toupee. David M. McEvoy, O. Ashton Morgan and John C, Whitehead. No 19-01, Working Papers from Department of Economics, Appalachian State University. Abstract: In this paper we tackle the hairy problem of male pattern baldness. We survey balding men and elicit their willingness to pay to move from their current sad situation to a more plentiful one. Then we comb-over the results. What’s the average willingness to pay to move from a glistening cue ball to a luscious mane?

2019 157

Another daily demand and supply (two in one week!)

Environmental Economics

From the WSJ Micro Weekly Review (reviewed by Edward Scahill, University Of Scranton): Canada’s Oil Market Finds Outlet in U.S. Demand. By Vipal Monga | September 12, 2019. Summary: An increase in the demand for dense crude oil from the U.S.

2019 130

Daily demand and supply

Environmental Economics

Here is an example of two curves shifting (supply decrease, demand decrease): Fall typically brings lower gas demand, and the Energy Information Administration’s latest weekly report shows just that. For the week ending on September 13, demand dropped by 900,000 b/d from the previous week to 8.9

2019 130

What do title do you tell journals you prefer? Dr.? Prof? Me? I prefer Kentucky Colonel

Environmental Economics

2019 130

"EPA is soliciting comment on issues related to water quality trading" @willwheels

Environmental Economics

This might be the first good thing to be coming out of the EPA in quite some time. via  via Will Wheeler on twitter: EPA is soliciting comment on issues related to water quality trading. (looks

2019 130

AERE Sessions at the 2019 SEA meetings @AereOrg

Environmental Economics

There are 70 papers in 14 regular sessions, 17 papers in 4 graduate student sessions and the (first ever) AERE keynote session. The keynote speaker is AERE immediate past president Laura Taylor.

2019 130

All pubs are good pubs

Environmental Economics

From the inbox: I am [name] from [name] Publishing. Would you be interested in publishing your work "Corrigendum: A revealed preference approach to valuing non-market recreational fishing losses from the Deepwater Horizon spill" as a paperback edition?

2019 130

"Marty Weitzman, In Memoriam"

Environmental Economics

Gernot Wagner: Weitzman the scholar will be remembered for many towering intellectual achievements. Marty the teacher, colleague, and friend will live on in our hearts, as generous with his time and devoted to making life better for all.

2019 130

What is the effect of self-citations on the rankings of economists?

Environmental Economics

From the inbox ( Data is Plural 2019.08.28 edition ): Citations and self-citations.  A team led by meta-research pioneer  John Ioannidis  has  developed a dataset  of  citation metrics for science’s 100,000 most-cited authors.

2019 130

Cathy Kling: Polluting Farmers Should Pay

Environmental Economics

The subtitle is " Fertilizer runoff is making us sick. States can step in to regulate farmers. " " It's interesting that we're hoping states, not the federal government, will do the dirty work of telling farmers that they are making people sick. 

2019 130

A new journal: Series of Unsurprising Results in Economics

Environmental Economics

Kelsey Piper at Vox ( This economics journal only publishes results that are no big deal ): Start with the name: Series of Unsurprising Results in Economics (SURE).

2019 141

A great job opportunity for an undergraduate economics student (deadline May 28)

Environmental Economics

Assessing the Benefits & Costs of Environmental Policies that Improve Water Quality :  A research training opportunity is currently available at the U.S.

2019 141

Quote of the Day: Hayek the prognosticator

Environmental Economics

Somehow seems appropriate (and ironic): "In principle the industrial protectionism and government-supported cartels and agricultural policies of the conservative groups are not different from the proposals for a more far-reaching direction of economic life sponsored by the socialists."

2019 141

Virtue signaling

Environmental Economics

2019 130

Video on Approaches to Externalities

Environmental Economics

Here's a video that reviews approaches to negative externalities. It is truly a review--students should have some familiarity with the externality story before watching it.

2019 130

A short comment on a discrete choice experiment in the AER*

Environmental Economics

A cool new paper is the first (?) to use a discrete choice experiment in the AER: Mas, Alexandre, and Amanda Pallais. 2017. "Valuing "Valuing Alternative Work Arrangements." " American Economic Review, 107(12): 3722-59.

2017 190

Review of Environmental Economics and Policy (REEP) is a top 3 economics journal.

Environmental Economics

at least according to the Web of Science Journal Citations Report for 2018. And yes, I'm telling you this because John and I now have a top 3 publication (and I think we deserve a raise dammit

2019 130

WAPO: Americans broadly accept climate science.

Environmental Economics

Over half say driving cars and burning fossils fuels are major contributors ( link ). This  This is In spite of everything [*]: Americans remain shaky on the details of climate science even as they have grown increasingly concerned about human activity warming the Earth, according to a national poll by The Washington Post and the Kaiser Family Foundation (KFF) that probed the public’s understanding of climate change. The rising alarm is one of the poll’s most dramatic findings.

2019 109

Daily demand and supply

Environmental Economics

Summer gasoline market analysis from AAA: The national average dropped six cents on the week, following a consistent downward trend since Memorial Day. The decline is unusual for this time of year. Pump prices usually trickle higher during the summer months due to increased demand.

2019 130

I've finally hit the Journal of Hydrology!

Environmental Economics

Here is the propaganda from App State: "Respondents willing to pay for stormwater management and reduce negative effects from runoff" !

2019 130

Here is my 13 minute video on how to conduct a revealed-stated preference travel cost method study

Environmental Economics

2018 173

New Edition of David Anderson's Environmental Economics and Natural Resource Management

Environmental Economics

Here is the description: The tools of environmental economics guide policymakers as they weigh development against nature, present against future, and certain benefits against uncertain consequences.

2019 130

Graphic of the Day: If it quacks like a tax.

Environmental Economics

Econ 101: Tariffs ARE taxes.    That's all

2019 130