Showing papers in "Journal of Environmental Economics and Management in 1997"

TL;DR: The authors examined firm behavior in response to disclosures of toxic release inventory (TRI) emissions and found that firms with the largest stock price decline on the day this information became public subsequently reduced emissions more than their industry peers, consistent with the view that financial markets may provide strong incentives for firms to change their environmental behavior.

TL;DR: In this article, the value for an unfamiliar environmental good, whose total value has a large nonuse component, is verified using a revealed-preference method, and the authors make a case for interpreting these contributions as a theoretical lower bound on the value of the public good and estimate the lower bound.

TL;DR: This paper examined perceptions and objective attribute measures in discrete choice models of recreation site choice behavior and found that the model based on perceptions slightly outperformed the models based on objective attribute measure. But, issues such as the definition of the choice set and the measurement of welfare present significant challenges when using perceptions data.

TL;DR: In this article, the authors analyzed the determinants of deforestation in the Brazilian Amazon from a model of optimal use and then estimated a deforestation equation on county-level data for the period 1978 to 1988.

TL;DR: In this article, a model of regulated open access resource exploitation is developed for the North Pacific Halibut fishery, which assumes that regulators are goal oriented, choosing target harvest levels according to a safe stock concept.

TL;DR: In this article, a positive theory explaining pollution tax policy outcomes in a small open economy is developed, where the equilibrium tax rate depends on lobby group membership, the relative importance of lobbying activities, and the tax elasticity of pollution.

TL;DR: In this article, the authors show that there are closed form solutions for estimates of the empirical distribution function from the Turnbull likelihood maximization problem which correspond to the self-consistency algorithm proposed by Turnbull and the pooled adjacent violators algorithm (PAVA) described by Robertson, Wright, and Dykstra and implemented by21.

TL;DR: WTP of Taiwanese households is compared with benefits transfer extrapolations that adjust WTP for the United States by Taiwan household income, relative to U.S. household income.

TL;DR: In this article, the relationship between community-level exposure to air toxics and socioeconomic, political, and demographic characteristics of the population is examined, and an index of exposure that is sensitive to toxicity differences and to distance from the emission source is constructed.

TL;DR: In this article, the authors provide a utility-theoretic interpretation of "Don't-Know" responses in contingent valuation surveys using a referendum elicitation procedure, and propose a maximum likelihood procedure for estimating respondents' willingness to pay for a non-market good with referendum contingent valuation data which include DK responses.

TL;DR: This paper assess the influence of experience by explicitly modeling the relationship between respondent experience and both fitted individual resource values and the conditional variance of these estimated values, and find discrete jumps in resource values as experience increases from zero and that more experienced respondents have smaller conditional variances.

TL;DR: In this article, three price-based policies for solid waste reduction: (i) deposit/refunds, (ii) advance disposal fees, and (iii) recycling subsidies.

TL;DR: In this article, the welfare costs of exemptions in environmental policy together with the issue of unilateral carbon taxes in an open economy are analyzed in the framework of a static general equilibrium model for West Germany calibrated to 1990 data.

TL;DR: In this paper, the authors developed a methodology to evaluate the performance of direct benefit transfer and benefit function transfer and applied the methodology to two pairs of similar non-market amenities, and found that benefit transfer is more robust than transfer of average site benefits.

TL;DR: This paper analyzed respondents' stated preferences for attributes related to various electricity-generation scenarios using a series of pairwise ratings and found that most respondents' relative-preference ratings are not simply dichotomous, but discriminate systematically along the rating scale.

TL;DR: In this article, the relationship between income and willingness to pay for collectively provided public/environmental goods is investigated, and the authors show that while the income elasticity of willingness-to-pay and the ordinary income-elasticity of demand are related, knowledge of one is insufficient to determine the magnitude or even the sign of the other.

TL;DR: In this article, the authors propose theoretically consistent welfare measurement of use and nonuse values for an improvement in environmental quality with revealed and stated preference data, based on the comparative static analysis of the variation function that describes the relationship between recreation demand and dichotomous choice contingent valuation models.

TL;DR: In this paper, the effectiveness of the Environmental Protection Agency (EPA) in reducing the time that manufacturing plants spend in a state of noncompliance is examined. But, the results indicate that the EPA is effective at reducing the amount of time plants spend violating standards.

TL;DR: The authors constructs models of three types of altruism and shows how benefit-cost analysis responds to each type of altruistic behavior, how damage assessment and restoration depend on each type, and the implications of a population of heterogeneous altruists.

TL;DR: The authors found that resource-rich countries will need to invest more than previously expected to sustain their consumption levels, if natural resource prices continue their long-term historical decline, and the necessary amount is given by the difference between Hotelling rent and the discounted sum of future terms-of-trade effects (capital gains).

TL;DR: In this paper, the authors examine the effectiveness of federal environmental policy designed to control transboundary pollution in the European Union and find that when the central government is the policy leader, it may be socially efficient when regional governments are leaders whenever income transfers, chosen by a central government, provide incentives for efficient decentralized behavior.

TL;DR: In this article, a hypothetical dichotomous choice question is compared to a hypothetical open-ended question, and these are then compared to responses from a real valuation institution, and no difference between the two hypothetical question formats is found.

TL;DR: In this article, the authors investigate how bankable coupons and tradable shares affect efficiency and prices under uncertainty, and show that trading in shares reduces trading volumes, increases price stability, and improves efficiency.

TL;DR: In this paper, the authors consider how cooperative solutions to games of sharing fish resources can be supported by threat strategies, and show that the number of agents compatible with a cooperative self-enforcing solution is not very high for reasonable values of the discount rate.

TL;DR: The endogenous choice set model is a generalization of the standard multinomial logit random utility model which allows for the possibility of heterogeneous choice sets that are endogenously determined in the model as discussed by the authors.

TL;DR: In this paper, the authors consider a regulator's choice between environmentally motivated emissions taxes and output taxes and investigate how the optimal instrument depends on the monitoring cost function, the firm's technology, and on social preferences regarding output and environmental quality.

TL;DR: This paper examined how profit maximizing fishers respond to different types of individual quota (IQ) programs in fisheries where many types of fish are harvested simultaneously, and showed that the most common types of IQ programs can induce discarding, and that individual quota programs that regulate the value of harvests never induce discard.

TL;DR: In this paper, a dynamic model of deforestation around Dar es Salaam is constructed, linking marginal production cost and demand for charcoal The exploited area forms a wedge, which expands inland as net price of charcoal increases Wood is primarily harvested at the edge of the wedge.

TL;DR: An estimable model of recreation behavior in which the recreation decision is cast as a dynamic programming problem is developed, illustrated with an application to salmon and trout fishing on Lake Michigan.

TL;DR: In this article, the authors assess the importance of spatial variability in physical parameters in the design of efficient pollution regulations and evaluate alternative tax policies in terms of effects on farm profit utilizing a spatially distributed, dynamic simulation model which links economic behavior with the geophysical processes that determine groundwater quality.