Environmental Economics

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 149

Econ 101ism and Environmental Economics

Environmental Economics

I just finished reading a great book that substantially changed how I think about economics - " Economism: Bad Economics and the Rise of Inequality " by James Kwak. 

2019 136

ERE Special Issue on Benefit Transfer

Environmental Economics

Well, when I drafted this, it was a recent publication I wanted to announce, but now that I have some free time, I can finish it.   The March issue of Environmental and Resource Economics  is a special issue on "Benefit Transfer: Current Practice and Future Prospects."

2019 141

NPS Visitor Use Statistics

Environmental Economics

A while back I was looking for recreation data that I could match to water quality data, particularly in the Gulf. The  The National Park Service provides visitor park statistics. These provide pretty cool data by park with a lot of detail and background ( for example ).

2019 130

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

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

An estimate of the demand elasticity of Saudi oil exports

Environmental Economics

WSJ ( Saudis Plan New Export Cuts in Hopes of Lifting Oil to $80 a Barrel ):  Saudi Arabia is planning to cut crude exports to around 7.1 million barrels a day by the end of January in hopes of lifting oil prices above $80 a barrel, according to OPEC officials. The new strategy comes as the kingdom seeks to cover a large government spending boost.

2019 116

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

Here are the videos from the "Tips for Students and Newish Economists" AERE@SEA session, November 2018

Environmental Economics

" Appling Design Concepts to Increase the Impact of your Presentations " Jill L. Caviglia-Harris, Salisbury University. " " Adding Logic and Proof Concepts to Your Intro Courses " Christopher F. Dumas, University of North Carolina - Wilmington. " " Social Media but in a Way That's Kind of Useful " Sarah Andrea Jacobson, Williams College. " " Writing Grants is a Skill: Tips for Success " Will Wheeler, U.S. Environmental Protection Agency. "

2019 109

Wither coal (despite all attempts to the contrary)? What's next?

Environmental Economics

2017 208

Don't forget your macroeconomics when analyzing U.S. greenhouse gas emissions

Environmental Economics

From the WaPo ( U.S. greenhouse gas emissions spiked in 2018 ): U.S. carbon dioxide emissions rose an estimated 3.4?percent percent in 2018, according to new research — a jarring increase that comes as scientists say the world needs to be aggressively cutting its emissions to avoid the most devastating effects of climate change.

"What's the Deal with the Green New Deal?

Environmental Economics

Catherine Wolfram at the Energy Institute Blog : I’ve heard a lot about the Green New Deal since the midterm elections. And, it’s not just me – Alexandria Ocasio-Cortez, the freshwoman Representative from the Bronx, posted this graph of the number of tweets on the phrase through mid-December. In honor of the 4-day-old, Democratic-controlled House, I figured I would try to dig into it. Here’s what I’ve been able to understand about the economics.

2019 109

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

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

Environmental Economics

2018 173

The climes they are a-changin'

Environmental Economics

I was talking to my parents last night and they were bemoaning the amount of rain they have had the past month.    These are the same parents who can best be described as climate change skeptics. 

2018 158

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

Environmental Economics

2018 130

"Scott Pruitt is now waging a war on economics"

Environmental Economics

Rob Verchick ("a professor at Loyola University New Orleans College of Law and president of the Center for Progressive Reform in Washington.

2018 147

Daily Demand and Supply: Who will pay for the wall if a 20% import tax is imposed?

Environmental Economics

On Wednesday, President Trump either did or didn't suggest that Mexico will pay for the construction of a border wall between the U.S. and Mexico through a 20% import tax on all goods imported from Mexico.

2017 218

Don't Give up on Pigouvian Pricing!

Environmental Economics

Last week's midterm elections were a mixed bag for environmental policy.    Lots of initiatives went down in defeat, though some passed, and some pro-environmental candidates won. Most notably for us environmental economists, the state of Washington failed to pass a carbon tax initiative, which would have made them the only place in the US where there is such a tax. 

2018 116

I took the "Peacock Hall Energy Challenge"!

Environmental Economics

2018 153

This is going into my annual review

Environmental Economics

2018 163

A: Because it's better than acting like an obnoxious teenager

Environmental Economics

When I mention what I do (come up with ways to estimate the value of environmental goods and services), I sometimes get a response like this :   It really is irritating that some people need to use economic measures to value our environment. The reality is our environment, air, water, seas, national parks & Great Barrier Reef are truly priceless & must be treated as such ie no cost benefit BS studies needed. My response is really quite simple. 

2018 130

"The Pattern is Clear": Economic research is being driven out of D.C.

Environmental Economics

Consider: Earlier this year , President Trump proposed significant cuts to the USDA's Economic Research Service--50% cuts in fact: Funding for ERS would be slashed by 50 percent, to $45 million, in part by eliminating "low-priority research" that the administration said was already being done by the private sector or nonprofits. The administration asks for the ERS to focus on core programs of data analysis and forecasts.

2018 130

TFW your paper appears in volume 9 issue 2 right after your colleague's & co-author's & MS student's paper

Environmental Economics

Here is the link:  [link

2018 141

Thank you EU, I guess this means more cheap whiskey for me.oh, and there's an economic lesson in here too.

Environmental Economics

Don't take this as support for tariffs, my inner economist is strongly opposed to tariffs on economic efficiency grounds, but my inner hillbilly is slightly happy that an EU tariff on American whiskey is likely to lower U.S. whiskey prices (at least in the short run).    Life can't be all beer. Jack Daniel’s Tennessee Whiskey prices will rise in the European Union (EU) due to the member countries’ new 25 percent tariff on imported U.S. whiskey. Brown-Forman Corp.

2018 140

Krugman on renewables

Environmental Economics

I'm not sure I'm as optimistic as Krugman but the attempt to reduce the use of from renewable energy is likely a huge mistake (in terms of dynamic efficiency): Not that long ago, calls for a move to wind and solar power were widely perceived as impractical if not hippie-dippy silly.

Renew 149

The AEA did something and I'm not going to complain about it

Environmental Economics

From the AEA's " chart of the week ": Last month, a major  scientific report  said that climate change could cost the American economy hundreds of billions of dollars by the end of the century. The report by 13 US federal agencies was a stark warning yet of how a changing climate will alter how we live and work. Still, there is much more to learn about the economic impacts of a warming Earth. Determining the costs of climate change is not easy.

2018 100

Climate Change

Environmental Economics

Last week ( or at least that's when it was covered in the popular press ), climate scientist Ed Hawkins put out a simple illustration of changes in global temperatures since 1850.    I used Dr. Hawkins image and had a little fun:      

Graphic of the Day: Where do you get your news?

Environmental Economics

A pretty cool graphic of one person's views of credible vs incredible news sources : HT: Craig Landry via FB (Craig didn't create the graphic, just reposted). A few thoughts: I'm sure everyone can quibble about placement of some of these, but that kind of misses the point.

2016 207

Field research: measuring beach width for a random utility model

Environmental Economics

2018 130

Daily Demand and Supply: Where's the Beef? (and cheese and soybeans)

Environmental Economics

Following the political dominoes of international trade policy can be mind-boggling, but the basic economic principles can be simple.    A tariff placed on U.S. products by another country (like meat, cheese, and soy beans) will reduce the amount (supply) of U.S.

2018 130

@CEA -- Bonus points on your final exam to the first person to explain the blue shaded area to @realdonaldtrump

Environmental Economics

2018 151

Some details on Trump's proposed EPA cuts*

Environmental Economics

Here are some of the EPA program cuts proposed by President Trump :  Source: Alt National Park Service on FB. The benefit/cost analysis tag on this post is meant to be ironic.  Just not in a funny way

2017 192

A critique of CBA from the 90s

Environmental Economics

I've just read Elizabeth Anderson 's critique of the use of cost-benefit analysis in environmental and workplace safety policy.    (It was written in 1995, so I'm a little behind.)    It appears in chapter 9 of her book Value in Ethics and Economics and is reprinted in the anthology Philosophy, Politics, and Economics. It's a good read for those who estimate the value of a statistical life of the willingness to pay for improvements in air quality. 

2018 135

My new working paper

Environmental Economics

Valuing Hemlock Woolly Adelgid Control in Public Forests: Scope Effects with Attribute Non-Attendance Chris Giguere, Chris Moore and John C. Whitehead. No 18-07, Working Papers from Department of Economics, Appalachian State University.

2018 130

This article at Vox summarizes everything that I've been trying to say at this blog for the past 10 years (and have been too apoplectic to say during the past year)

Environmental Economics

David Roberts: President Donald Trump’s administration has been on a deregulatory bender, particularly when it comes to environmental regulations. As of January, the New York Times counted 67 environmental rules on the chopping block under Trump. This is not one of Trump’s idiosyncrasies, though. His administration is more ham-handed and flagrant about it, but the antipathy it expresses toward federal regulation falls firmly within the GOP mainstream.

2018 148

NABE's December 2018 macro outlook survey is out

Environmental Economics

Here are the summary quotes: “NABE Outlook panelists continue to view the economy as having solid momentum entering 2019, but they foresee GDP growth cooling from 2.9% this year to 2.7% in 2019,” said NABE President Kevin Swift, CBE, chief economist, American Chemistry Council. The panel expects the Federal Reserve to continue gradually tightening monetary policy, and anticipates a federal funds rate hike at the upcoming December FOMC meeting, followed by three rate increases in 2019.”

2018 100

"A Forgotten Legacy of George H. W. Bush"

Environmental Economics

David Frum in The Atlantic  re: Acid Rain and " the grand policy experiment ": The Reagan administration resisted any rapid response to the problem. Congress had funded a 10-year study back in 1980—why rush to costly action until the study was complete? Taking action meant tangling with Robert Byrd, the West Virginia Democrat who assumed leadership of the Senate majority after the election of 1986.

2018 100

Kudlow: "the beatings will continue until morale improves"

Environmental Economics

It's going to be a fun (i.e., not fun) two years for environmental economists ( Kudlow calls for end to subsidies. ): White House chief economic adviser Larry Kudlow said on Monday the Trump administration will seek to end subsidies for electric cars and renewable energy sources, according to reports. Kudlow said he expected subsidies for electric cars would end by 2020 or 2021. “We

2018 100

Does income inequality cause decreased economic growth?

Environmental Economics

Rather than read before I go to bed, I have taken to watching Netflix documentaries on the iPad.    I thought this would lead to me falling asleep easier from the boredom of watching documentaries, but instead I find myself actually enjoying them leading to less sleep.and more questions.

Growth 255

Scorecard is in and it looks like conservation is losing

Environmental Economics

The Congressional Budget Office has prepared its first estimates of direct expenditures and revenues from H.R. 2, the Agriculture and Nutrition Act of 2018; AKA the Farm Bill.    It looks like the conservation title (Title II) might take some hits. 

2018 141

Teaching environmental economics with mini-research projects

Environmental Economics

My sophomore level environmental and resource econ course has a research component. The students are required to write an abstract suitable for submission to an undergraduate research conference.

2018 141