Showing papers in "Journal of Environmental Economics and Management in 1993"

TL;DR: In this article, the authors characterize cooperative and non-cooperative pollution control strategies of the governments of the two countries that maximize the discounted stream of net benefits of a representative consumer.

TL;DR: In this paper, a recursively dynamic general equilibrium model featuring six world regions with trade in energy and non-energy goods is used to simulate the period from 1990 through 2100 in 10-year intervals.

TL;DR: A general approach to the problem of comparing the consequences of competing strategies for biological diversity in optimizing strategies aimed at the conservation of biological diversity is presented.

TL;DR: In this article, a model of international oligopoly with negative externalities in production is constructed, in which optimal environmental policy responses to foreign emission tax and subsidy programs can be calculated, and it is shown that by granting subsidies for abatement efforts or for a heavily taxed polluting input, domestic net welfare is improved by capturing a greater share of the world market.

TL;DR: In this article, the rate of groundwater extraction under the common property arrangement is the outcome of a dynamic game played with feedback strategies, and the analysis clarifies the externalities associated with the common-property extraction of groundwater and identifies an risk externality that arises when firms are risk averse.

TL;DR: In this paper, a two-region, two-firm model is developed in which firms choose the number and the regional locations of their plants, and market structure is endogenous to environmental policy.

TL;DR: This paper developed a model for optimal survey design for the dichotomous choice contingent valuation method that finds the bid amounts as well as the sample sizes corresponding to each bid using an iterative procedure to select the survey design that minimizes the mean square error of the welfare measure.

TL;DR: In this article, a model of economic growth with stock pollution allowing smooth substitution between emissions and reproducible capital is presented, and the conditions for the existence and saddle point property of the steady state are given.

TL;DR: In this paper, the authors derive and compare incentive-compatible regulatory policies with and without self-reporting using a principal-agent framework, and find that the firm needs to be audited less often when selfreporting is required, but punished more often.

TL;DR: In this article, the authors argue that a virgin material tax is not an efficient method of reducing waste, but that an alternative policy, a combined disposal tax and reuse subsidy, is.

TL;DR: In this paper, a contingent choice survey based on paired comparisons is used to construct a utility index to rank sites consistent with predicting results of a hypothetical referendum based on the attributes of the sites.

TL;DR: In this article, the role of price incentives and other socioeconomic factors in household recycling was investigated and it was found that increases in disposal fees encourage recycling, although demand for solid waste collection services is not reduced substantially.

TL;DR: In this article, the authors test for an embedding effect on a geographically distributed public good and the extent to which improvements in the CVM design reduce the occurrence and magnitude of embedding effects in valuation.

TL;DR: This paper found that respondents value their actual white-water trips differently than written scenarios of trips, and significant differences for less experienced boaters suggest that respondent experience may play a role in value formation, resulting in survey instrument effects in valuation estimates.

TL;DR: In this paper, a theoretical framework for understanding substitution and complementary effects between environmental programs is derived, and a multiple program valuation function is specified and its structure analyzed using referendum-type, contingent valuation data.

TL;DR: This article used a principal-agent model to analyze the role of monetary incentives to implement corporate environmental policy and found that the sharpness of the optimal monetary incentives for a given task should depend positively on the principal's eagerness to influence performance on this task, and on the accuracy of the monitoring technology.

TL;DR: In this article, optimal control theory is applied to develop an efficient strategy to control stock pollutants such as greenhouse gases and hazardous waste and the optimal strategy suggests that, at any time, the marginal costs of abatement should be equated with the present value of the marginal damage of timely unabated emission.

TL;DR: In this article, the effects of stand interactions decompose into wealth and substitution effects and may cause time-varying patterns of resource use for a forest stand in multiple-use forestry.

TL;DR: In this paper, the performance of the Hahn-Noll revenue neutral auction (RNA) was compared to a no-rebate uniform price auction (UPA) as a benchmark.

TL;DR: In this article, the authors assess the seller incentives of this auction and demonstrate that the auction rules cause sellers to choose asking prices that under-reveal their cost of emission control.

TL;DR: In this article, the authors discuss the policy alternatives for mitigating the price effects of reduced demand, reduced fuel consumption combined with buying or leasing fuel deposits to achieve a reduced supply, which at first seems prohibitively costly, is shown to dominate the original policy approach under a fairly wide set of circumstances.

TL;DR: In this article, the authors developed a simulation model of the U.S. petroleum resource and used it to study the effects of taxation on exploration and production, showing that property and production taxes cause substantial deadweight losses, a tax on corporate income from extraction imposes a very small deadweight loss, and the property tax significantly biases utilization of the resource away from the future and toward the present.

TL;DR: In this article, the authors explore the efficiency properties of a voluntary auction under which the city submitting the low bid hosts the region′s noxious facility and receives the high bid as compensation.

TL;DR: In this article, a model of individual behavior for recreational fisheries which considers both the participation decision and the activity level decision is developed, and the model also distinguishes between the catch rate and the landings rate, which is a control variable.

TL;DR: In this article, a distinction between personal discount rates and generational discount rates is made, reflecting individuals' rate of time preference, and considerations of equity for future generations, reflecting the potential for "economic optimal extinction" of a renewable resource.

TL;DR: In this paper, the C-optimal approach is introduced and developed, and it is compared to the established parametric and non-parametric sequential procedures, and shown to be an improvement in terms of statistical precision in a finite sample, over the standard sequential procedures.

TL;DR: In this paper, a nonzero-sum dynamic game with asymmetric players is used to evaluate the policy impact of the tax/subsidy scheme on the respective player's value functions and strategies as determined by a Nash equilibrium feedback solution.

TL;DR: In this paper, the authors examined whether a long-run stationary equilibrium relationship holds between aggregate income and consumption of various primary industrial metals, and found that little evidence is found to support the presence of a long run equilibrium relationship between income and metals consumption.

TL;DR: In this paper, the lognormal diffusion (the geometrical Brownian motion) can hardly be an equilibrium price process under the reasonable assumptions that suppliers choose the time to extract, and deposits have different costs.

TL;DR: In this article, an empirical study of emission banking for light-duty vehicle manufacturers is presented, where an intertemporal model of manufacturers' choices is combined with econometrically estimated abatement cost functions to simulate the cost savings and emission effects.