Tag Archives: distributional equity

Does economic analysis shortchange the future?

Decisions made today usually have impacts both now and in the future. In the environmental realm, many of the future impacts are benefits, and such future benefits — as well as costs — are typically discounted by economists in their … Continue reading

Posted in Climate Change Policy, Energy Economics, Energy Policy, Environmental Economics, Environmental Policy, Natural Resource Economics | Tagged , , , , , , , , , , , , , , | 1 Comment

Moving Beyond Vintage-Differentiated Regulation

A common feature of many environmental policies in the United States is vintage-differentiated regulation (VDR), under which standards for regulated units are fixed in terms of the units’ respective dates of entry, with later vintages facing more stringent regulation.  In … Continue reading

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Using Markets to Make Fisheries Sustainable

Around the world, over-fishing is leading to severe depletion of valuable fisheries.  This is as true in U.S. coastal waters as it is in many other parts of the world.  In New England waters, for example, after two decades of … Continue reading

Posted in Fisheries Policy, Natural Resource Economics, Natural Resource Policy | Tagged , , , , , , , , | 7 Comments

A Tale of Two Taxes

Whether they are called “revenue enhancements” or “user charges,” fear of the political consequences of taxes restricts debate on energy and environmental policy options in Washington. In a March 7th post on “Green Jobs,” in which I argued that it … Continue reading

Posted in Energy Economics, Energy Policy, Environmental Economics, Environmental Policy | Tagged , , , , , , , , , , | 8 Comments

Misconceptions About Water Pricing

Throughout the United States, water management has been approached primarily as an engineering problem, rather than an economic one. Water supply managers are reluctant to use price increases as water conservation tools, instead relying on non-price demand management techniques, such … Continue reading

Posted in Water Policy | Tagged , , , , , , , , , | 6 Comments

Green Jobs

The January 12, 2009 issue of The New Yorker includes a well-written and in some ways inspiring article by Elizabeth Kolbert, profiling Van Jones, founder and president of Green for All. In the article, “Greening the Ghetto: Can a Remedy … Continue reading

Posted in Climate Change Policy, Economic Stimulus Policy, Environmental Policy | Tagged , , , , , , | 6 Comments

As Reservoirs Fall, Prices Should Rise

Last week, California Governor Arnold Schwarzenegger declared a state of emergency and warned of possible mandatory water rationing as the state struggled through its third consecutive year of drought. This well-intentioned response to the latest water crisis should not come … Continue reading

Posted in Water Policy | Tagged , , , , , , , , | 8 Comments

The Myths of Market Prices and Efficiency

In my two previous posts I described a pair of prevalent myths regarding how economists think about the environment: “the myth of the universal market” ­– the notion that economists believe that the market solves all problems; and “the myth … Continue reading

Posted in Environmental Economics | Tagged , , , , | 5 Comments

Opportunity for a Defining Moment

The inauguration of Barack Obama as the forty-fourth President of the United States is a defining moment in American history. For most Americans and countless others around the world, this is an inspiring political transition. The question we must face, … Continue reading

Posted in Climate Change Policy, Environmental Policy | Tagged , , , , , , | 25 Comments