About the Author
Robert N. Stavins is the Albert Pratt Professor of Business and Government, Director of the Harvard Environmental Economics Program, and Chairman of the Environment and Natural Resources Faculty Group.
Tag Archives: public goods
On Becoming an Environmental Economist
My essay this month represents a departure from my standard blog posts about a contemporary environmental policy issue. Rather, it is of a more personal nature, and stems from the fact that the second volume of my collected papers has … Continue reading
Posted in Climate Change Policy, Corporate Social Responsibility, Economic Policy, Economic Stimulus Policy, Energy Economics, Energy Policy, Environmental Economics, Environmental Policy, Fisheries Policy, Forest Policy, Health Policy, Natural Resource Economics, Natural Resource Policy, Politics, Positive Political Economy, Water Policy, Wine Economics
Tagged benefit-cost analysis, cap-and-trade, common property resources, cost-effectiveness, distributional analysis, distributional equity, economic valuation, efficiency, environmental politics, free rider problem, global climate policy, information problems, Kyoto Protocol, linkage of cap-and-trade systems, market failure, market-based environmental policies, public goods, regulation, revenue-neutral taxes
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Economics of the Environment
The Sixth Edition of Economics of the Environment: Selected Readings has just been published by W. W. Norton & Company of New York and London. Through five previous editions, Economics of the Environment has served as a valuable supplement to … Continue reading
Posted in Climate Change Policy, Corporate Social Responsibility, Economic Policy, Economic Stimulus Policy, Energy Economics, Energy Policy, Environmental Economics, Environmental Policy, Fisheries Policy, Forest Policy, Natural Resource Economics, Natural Resource Policy, Politics, Positive Political Economy, Water Policy
Tagged Australia, benefit-cost analysis, Brazil, California, cap-and-trade, China, common property resources, cost-effectiveness, distributional analysis, distributional equity, economic valuation, efficiency, environmental politics, European Union, externalities, free rider problem, global climate policy, import allowance requirement, India, information problems, Japan, Korea, Kyoto Protocol, linkage of cap-and-trade systems, market failure, market-based environmental policies, Mexico, Obama Administration, Office of Management and Budget, public goods, regulation, revenue-neutral taxes, sulfur dioxide
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The Promise and Problems of Pricing Carbon
Friday, October 21st was a significant day for climate change policy worldwide and for the use of market-based approaches to environmental protection, but it went largely unnoticed across the country and around the world, outside, that is, of the State … Continue reading
Posted in Climate Change Policy, Economic Policy, Energy Economics, Energy Policy, Environmental Economics, Environmental Policy, Politics, Positive Political Economy
Tagged AB 32, Alberta, Australia, British Columbia, California, California Air Resources Board, cap-and-trade, carbon taxes, Clean Development, Clean Development Mechanism, Clean Energy Standards, collateral damage, common property resources, cost-effectiveness, distributional equity, efficiency, emission reduction credits, environmental politics, EU ETS, European Union, externalities, fossil fuel subsidies, free rider problem, global climate policy, harmonized carbon taxes, Harvard Kennedy School, international carbon tax, international tradable permits, Japan, Joseph Aldy, Journal of Environment and Development, Kyoto Protocol, leaded gasoline, linkage, linkage of cap-and-trade systems, Maria Damon, market failure, market-based environmental policies, New York Review of Books, New Zealand, North American Climate Initiative, Obama Administration, offsets, Ontario, political polarization, public goods, Quebec, regulation, Resources for the Future, revenue-neutral taxes, sulfur dioxide, tarnishing of cap-and-trade, Thomas Sterner, U.S. House of Representatives, U.S. Senate, Waxman-Markey legislation, William Nordhaus
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Good News from the Regulatory Front
As each day passes, the upcoming November 2012 general elections produce new stories about potential Republican candidates for President, as well as stories about President Obama’s anticipated re-election campaign. At the same time, the 2012 elections are already affecting Congressional … Continue reading
Posted in Energy Economics, Energy Policy, Environmental Economics, Environmental Policy
Tagged benefit-cost analysis, cap-and-trade, cost-effectiveness, distributional analysis, distributional equity, economic valuation, efficiency, environmental politics, EPA, Exelon Corporation, green jobs, linkage of cap-and-trade systems, market failure, market-based environmental policies, Obama Administration, Office of Management and Budget, public goods, recession, regulation, Richard Schmalensee, Tea Party, Transport Rule
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Reflecting on a Century of Progress and Problems
As the first decade of the twenty-first century comes to a close, the problem of the commons is more important to our lives – and more central to economics – than a century ago when the first issue of the … Continue reading
Posted in Climate Change Policy, Energy Economics, Energy Policy, Environmental Economics, Environmental Policy, Fisheries Policy, Natural Resource Economics, Natural Resource Policy, Positive Political Economy
Tagged A. C. Pigou, American Economic Review, benefit-cost analysis, cap-and-trade, China, common property resources, cost-effectiveness, distributional analysis, distributional equity, economic valuation, efficiency, Elinor Ostrom, environmental politics, excludable, externalities, fisheries, free rider problem, Garrett Hardin, global climate policy, India, Indiana University, Katharine Coman, market failure, market-based environmental policies, non-excludable, non-renewable natural resource, open-access resource, private property, public goods, regulation, renewable natural resource, revenue-neutral taxes, rivalness, Ronald Coase, sulfur dioxide, Wellesley College
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Both Are Necessary, But Neither is Sufficient: Carbon-Pricing and Technology R&D Initiatives in a Meaningful National Climate Policy
For many years, there has been a great deal of discussion about carbon-pricing – whether carbon taxes or cap-and-trade – as an essential part of a meaningful national climate policy. It has long been recognized that although carbon-pricing will be … Continue reading
Posted in Climate Change Policy, Economic Stimulus Policy, Energy Economics, Energy Policy, Environmental Economics, Environmental Policy, Natural Resource Economics, Natural Resource Policy, Positive Political Economy
Tagged ARPA-E, cap-and-trade, carbon pricing, carbon tax, Copenhagen Accord, cost-effectiveness, David Leonhardt, efficiency, environmental politics, externalities, free rider problem, global climate policy, green jobs, information problems, market failure, market-based environmental policies, New York Times, Obama Administration, patents, public goods, R&D, regulation, revenue-neutral taxes, Robert Hahn, technological change, technology innovation, technology R&D policies, U.S. House of Representatives, U.S. Senate, Wall Street Journal, Waxman-Markey legislation
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AB 32, RGGI, and Climate Change: The National Context of State Policies for a Global Commons Problem
Why should anyone be interested in the national context of a state policy? In the case of California’s Global Warming Solutions Act (AB 32), the answer flows directly from the very nature of the problem — global climate change, the … Continue reading
Posted in Climate Change Policy, Energy Economics, Energy Policy, Environmental Economics, Environmental Policy, Natural Resource Policy, Positive Political Economy
Tagged AB 32, Best Available Control Technology, CAFE standards, cap-and-trade, carbon tax, carbon-pricing policy, cost-effectiveness, Dormant Commerce Clause, endangerment finding, environmental politics, free rider problem, global climate policy, Harvard Project on International Climate Agreements, Lawrence Goulder, linkage of cap-and-trade systems, market failure, market-based environmental policies, Massachusetts v EPA, mobile source standards, National Bureau of Economic Research, new source performance standards, New Source Review, NIMBY, Obama Administration, Pavley standards, price collar, principal-agent problem, public goods, public nuisance, regulation, revenue-neutral taxes, RGGI, safety-valve, Stanford University, sulfur dioxide, Supreme Court, tailoring rule, technological change, U.S. House of Representatives, U.S. Senate, Waxman-Markey legislation, Western Climate Initiative
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Unintended Consequences of Government Policies: The Depletion of America’s Wetlands
Private land-use decisions can be affected dramatically by public investments in highways, waterways, flood control, or other infrastructure. The large movement of jobs from central cities to suburbs in the postwar United States and the ongoing destruction of Amazon rain … Continue reading
Posted in Environmental Economics, Environmental Policy, Forest Policy, Natural Resource Economics, Natural Resource Policy, Water Policy
Tagged benefit-cost analysis, Clean Water Act, common property resources, econometric analysis, economic valuation, environmental politics, externalities, free rider problem, infrastructure, land use, market failure, public goods, regulation, U.S. Army Corps of Engineers, U.S. Soil Conservation Service, wetlands
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Chaos and Uncertainty in Copenhagen?
Earlier today, I was asked by the Financial Times, “who is responsible for the chaos and uncertainty” at COP-15 in Copenhagen? I’m not sure those are the words I would have chosen to characterize the situation at the climate negotiations … Continue reading
Posted in Climate Change Policy, Energy Economics, Energy Policy, Environmental Economics, Environmental Policy, Natural Resource Policy, Positive Political Economy
Tagged Australia, Bella Center, Brazil, Civil Society, common property resources, Copenhagen, cost-effectiveness, Denmark, distributional equity, efficiency, environmental politics, European Union, Financial Times, free rider problem, global climate policy, India, Japan, market failure, market-based environmental policies, Mexico, New Zealand, Obama Administration, public goods, South Africa, United Nations
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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
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
The Myth of the Universal Market
Communication among economists, other social scientists, natural scientists, and lawyers is far from perfect. When the topic is the environment, discourse across disciplines is both important and difficult. Economists themselves have likely contributed to some misunderstandings about how they think … Continue reading