Motorized individual transport strongly contributes to global CO2 emissions, due to its intensive usage of fossil fuels. Current political efforts addressing this issue (i.e. emission performance standards in the EU) are directed towards car manufacturers. This paper focuses on the demand side. It examines whether CO2 emissions per kilometer is a relevant attribute in car choices. Based on a ch...

This paper contributes towards the development of an empirical approach applicable to contingent valuation to accommodate non-expected utility risk preferences. Combining elicitation approaches used in field experiments with contingent valuation, we embed an experimental design that systematically varies probabilities and losses across a survey sample in a willingness to pay elicitation format....

In coastal communities with uniform flood risk, amenity value is comprised of two components – view and access. Having controlled for view, it is assumed that any residual amenity value represents the benefit derived from households from accessing the beach for leisure or recreational purposes. However, as properties closer to the beach typically have improved viewsheds, the two amenities are h...

Stated preference (SP) surveys have been conducted to value non-timber benefits from forests in Norway, Sweden and Finland for about 20 years. The paper first reviews the literature and summarises methodological traditions in SP research in the three countries. Second, a metaregression analysis is conducted explaining systematic variation in Willingness-to-Pay (WTP). Two important conclusions e...

La agricultura orgánica está considerada una actividad que favorece al medio ambiente y bienestar de los ecosistemas la sociedad, así como también a economía. presente investigación tiene objetivo identificar analizar algunos aportes ha generado sobre sostenibilidad. Para ello, se tomó caso estudio el sector frutícola en estado Michoacán, cual es aporta mayor medida nivel nacional. El método ut...

We consider information from many sciences bearing on the causes and consequences of climate change, focusing on lessons from past mass extinctions of life on Earth. The increasing atmospheric levels of the main greenhouse gases are now established, as is their source in human activity. Worldwide temperatures are rising on a high variance stochastic trend. Evidence from the past 500 million yea...

We examine how different welfarist frameworks evaluate the social value of mortality risk reduction. These frameworks include classical, distributively unweighted cost-benefit analysis—i.e., the “value per statistical life” (VSL) approach—and various social welfare functions (SWFs). The SWFs are either utilitarian or prioritarian, applied to policy choice under risk in either an “ex post” or “e...

The largest decile of commercial electricity customers comprises half of commercial sector electricity usage. We quantify a considerable split incentives problem that exists when these large firms are on electricity-included property lease contracts. Controlling for a rich set of variables that may correlate with selection into contract type, we use exogenous variation in weather shocks to show...

We derive a general framework for cost-benefit analysis and social discounting in a setting with intertemporally dependent preferences. Here, the marginal contribution of an additional unit of consumption in some period depends on what is consumed in the other periods. We use a simple model of history dependent preferences to analyze how habit formation affects the social rate of discount. Gett...

Climate policy poses a dilemma for environmental economists. The economic argument for stringent GHG abatement is far from clear. There is disagreement among both climate scientists and economists over the likelihood of alternative climate outcomes, over the nature and extent of the uncertainty over those outcomes, and over the framework that should be used to evaluate potential benefits from G...