Showing papers in "Annual Review of Resource Economics in 2020"
TL;DR: In this article, a drastic increase in the land area under oil palm has been observed in Southeast Asia, where the oil palm boom has contributed to a growing demand for vegetable oil during the last few decades.
Abstract: Rising global demand for vegetable oil during the last few decades has led to a drastic increase in the land area under oil palm. Especially in Southeast Asia, the oil palm boom has contributed to ...
130 citations
TL;DR: The fossil fuel industry is at risk of losing market value due to unanticipated breakthroughs in renewable technology and governments stepping up climate policies in light of the Paris Climate Agreement as discussed by the authors.
Abstract: Assets in the fossil fuel industries are at risk of losing market value due to unanticipated breakthroughs in renewable technology and governments stepping up climate policies in light of the Paris...
83 citations
TL;DR: The world's forests provide valuable contributions to people but continue to be threatened by agricultural expansion and other land uses as mentioned in this paper, and counterfactual-based methods are increasingly used to evalu...
Abstract: The world's forests provide valuable contributions to people but continue to be threatened by agricultural expansion and other land uses. Counterfactual-based methods are increasingly used to evalu...
75 citations
TL;DR: The financial system could help achieve the global climate targets by aligning investments to sustainability as mentioned in this paper. But, investors are largely exposed to carbon-intensive assets that could become str....
Abstract: The financial system could help achieve the global climate targets by aligning investments to sustainability. However, investors are largely exposed to carbon-intensive assets that could become str...
70 citations
TL;DR: In this paper, the authors develop a theory of change for payments for environmental services (PES) to review their imminent strengths and weaknesses in light of a growing body of impact evaluation studies.
Abstract: We develop a theory of change for payments for environmental services (PES) to review their imminent strengths and weaknesses in light of a growing body of impact evaluation studies. We show that PES are probably at least as environmentally additional as other conservation tools, based on the limited evidence. The original vision of PES as being direct, flexible, and potentially effective remains valid, but PES design and implementation have to be upgraded in their economic functioning to better realize this potential. Adverse self-selection, inadequate administrative targeting, and ill-enforced conditionality constitute three key obstacles that may considerably hamper PES success. Policies such as spatial targeting to service density, threat and cost levels, and payment differentiation can alleviate the design challenges. PES site selection needs to further move into high-threat areas. Making adequate PES design choices also requires the political will to boost environmental effects.
55 citations
TL;DR: The past decades have seen the development of a multitude of sustainability-related food labels aimed at reducing the existing information asymmetry between food practitioners and consumers regardi... as discussed by the authors,.
Abstract: The past decades have seen the development of a multitude of sustainability-related food labels aimed at reducing the existing information asymmetry between food practitioners and consumers regardi...
37 citations
TL;DR: Despite the significant risks and uncertainties that farmers in developing and emerging countries face in their production process, efforts at encouraging them to adopt agricultural insurance to mitigate these risks have been made as mentioned in this paper.
Abstract: Despite the significant risks and uncertainties that farmers in developing and emerging countries face in their production process, efforts at encouraging them to adopt agricultural insurance to mi...
20 citations
TL;DR: The food-energy-water (FEW) nexus is facing grand challenges in meeting increasing demand resulting from global changes in climate, economy, and population Emerging technologies are expected to be used as mentioned in this paper.
Abstract: The food-energy-water (FEW) nexus is facing grand challenges in meeting increasing demand resulting from global changes in climate, economy, and population Emerging technologies are expected to pl
20 citations
TL;DR: In this paper, the current status of relational contract theory along with associated empirical studies, with the goal of providing an orientation to the field to economists who may not have expertis...
Abstract: We appraise the current status of relational contract theory, along with associated empirical studies, with the goal of providing an orientation to the field to economists who may not have expertis...
18 citations
TL;DR: This review attempts to describe the evolution of integrated assessment modeling research since the pioneering work of William Nordhaus in 1994, highlighting a number of challenges and sugges...
Abstract: In this review, we attempt to describe the evolution of integrated assessment modeling research since the pioneering work of William Nordhaus in 1994, highlighting a number of challenges and sugges...
16 citations
TL;DR: In this paper, a review covers a nascent literature that experiments with survey design to measure whether the way in which we collect socio-economic data in developing countries influences the data and affect the effects of survey design.
Abstract: This review covers a nascent literature that experiments with survey design to measure whether the way in which we collect socio-economic data in developing countries influences the data and affect...
TL;DR: The merger of Dow and DuPont, the acquisition of Syngenta by ChemChina, and the deal of Monsanto by Bayer have recently reshaped the global seed and biotech industry and caused concern about...
Abstract: The merger of Dow and DuPont, the acquisition of Syngenta by ChemChina, and the acquisition of Monsanto by Bayer have recently reshaped the global seed and biotech industry and caused concern about...
TL;DR: The theoretical literature analyzing eco-label programs has mainly focused mainly on how intricate interactions between firms, certifiers, and regulators shape these programs' economic and envir... as discussed by the authors.
Abstract: The theoretical literature analyzing eco-label programs has focused mainly on how intricate interactions between firms, eco-label certifiers, and regulators shape these programs’ economic and envir...
TL;DR: In this article, the centralization or decentralization of environmental governance is of pressing importance, as spillovers among jurisdictions are ubiquitous and likely to increase with increasing population and consumption, so the centralisation or decentralisation of environmentalgovernance is of urgent importance.
Abstract: Spillovers among jurisdictions are ubiquitous and likely to increase with increasing population and consumption, so the centralization or decentralization of environmental governance is of pressing...
TL;DR: The authors studied behavior in the face of risk and uncertainty for at least a centu-centu-deconstrained period of time, from the perspective of economic theory and economics.
Abstract: Much of neoclassical economics is concerned with prices—more specifically, with relative prices. Similarly, economists have studied behavior in the face of risk and uncertainty for at least a centu...
TL;DR: In this article, the authors review the recent literature on the developmental effects of resource abundance, assessing likely effects and channels with respect to key development outcomes, and present a review of the existing literature.
Abstract: This article reviews the recent literature on the developmental effects of resource abundance, assessing likely effects and channels with respect to key development outcomes. To date, this area has...
TL;DR: In this article, the authors review a number of issues related to uncertain population forecasts, with a focus on world population Why are these forecasts uncertain? Population forecasters tradit and why are they wrong?
Abstract: The aim of this article is to review a number of issues related to uncertain population forecasts, with a focus on world population Why are these forecasts uncertain? Population forecasters tradit
TL;DR: In urban areas around the world, increasing motorization and growing travel demand make the urban transportation sector an ever-greater contributor to local air pollution and greenhouse gas emissions as mentioned in this paper.
Abstract: In urban areas around the world, increasing motorization and growing travel demand make the urban transportation sector an ever-greater contributor to local air pollution and greenhouse gas emissio...
TL;DR: In this paper, the authors examined pricing outcomes in the food retail industry and found that the multi-product nature of transactions and the presence of highly concentrated food processing and retail industry is complicated both by the multiproduct nature of the transactions and by the presence highly concentrated foods processing and distribution.
Abstract: Studies examining pricing outcomes in the food retail industry are complicated both by the multiproduct nature of transactions and by the presence of highly concentrated food processing and retaili...
TL;DR: In the last century, forests have become an important carbon sink with management and carbon fertilization offsetting nearly all of the carbon emitted due to deforestation and conversion of land in the world as discussed by the authors.
Abstract: Forests have become an important carbon sink in the last century, with management and carbon fertilization offsetting nearly all of the carbon emitted due to deforestation and conversion of land in...
TL;DR: From the perspective of sending countries, international migrants are positively selected in terms of schooling, particularly in low-income countries, while emigration affects human capital accumul... as discussed by the authors.
Abstract: From the perspective of sending countries, international migrants are positively selected in terms of schooling, particularly in low-income countries. While emigration affects human capital accumul...
TL;DR: Costbenefit analyses have largely failed to demonstrate a positive benefit to cost ratio for programs designed to improve and protect water quality in the United States and European Union as discussed by the authors, and therefore, they have been criticised.
Abstract: Cost-benefit analyses have largely failed to demonstrate a positive benefit to cost ratio for programs designed to improve and protect water quality in the United States and European Union. At the ...
TL;DR: The Annual Review of Resource Economics presents Professor Sir Angus Deaton in conversation with economist Dr. Gordon Rausser as mentioned in this paper, who is Senior Scholar and the Dwight D. Eisenhower Professor of...
Abstract: The Annual Review of Resource Economics presents Professor Sir Angus Deaton in conversation with economist Dr. Gordon Rausser. Dr. Deaton is Senior Scholar and the Dwight D. Eisenhower Professor of...