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Tim Haab
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The standard market-based solution to reducing unwanted behavior is to place a tax on the unwanted behavior, causing people to want to do the unwanted stuff less (that's the law of demand). Here's a good example: Customers at most stores in Baltimore would have to pay 10 cents for almost... Continue reading
Posted 3 days ago at Environmental Economics
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I was cleaning off some bookshelves this afternoon and I came across a copy of The Wealth of Nations that I borrowed from a local library my senior year as an undergraduate (and never returned, but that's not part of the story)--in 1991. Sticking out of the book was a... Continue reading
Posted Sep 19, 2016 at Environmental Economics
Michael Greenstone in the NY Times: Respondents were asked if they would support a fee on their monthly electricity bill to combat climate change, and they were offered fees at various levels: $1, $10, $20, $30, $40 and $50. (Each household was asked about only one of these levels.) The... Continue reading
Posted Sep 16, 2016 at Environmental Economics
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The headline reads: East Coast Faces Gas Shortages, Price Hikes After Pipeline Leak. In academic terms, a shortage occurs when the quantity demanded exceeds the quantity supplied of a good at the current price. That would seem to be the case here. The pipeline leak has led to a decrease... Continue reading
Posted Sep 16, 2016 at Environmental Economics
...or it might be time for Old Man Whitehead to move into the digital 21st century and scrap the hardcopies of journals readily available in digital format.
Toggle Commented Sep 15, 2016 on JEEM broke my bookshelf at Environmental Economics
1 reply
From Tom Barrack, one of Donald Trump's 'economics advisers': "One thing we know about economists is that they never get it right" Continue reading
Posted Sep 14, 2016 at Environmental Economics
Last year, the NFL (Nation Football League -- American Football for those not in America) televised a national game between the New York Jets and the Buffalo Bills. In their never ending attempt to find new ways to get fans to buy 'alternate' jerseys, the NFL has Nike design special... Continue reading
Posted Sep 13, 2016 at Environmental Economics
The median worker got a raise last year: Median household income rose to $56,516 in 2015, up 5.2% a year earlier, according to data released by the U.S. Census Bureau Tuesday. It marks the first increase in median income since 2007, the year before the Great Recession started. Quick descriptive... Continue reading
Posted Sep 13, 2016 at Environmental Economics
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What is the connection between humans and temperature changes over time? Here's a cool infographic from Bloomberg that makes a pretty compelling case that humans, and not natural events are causing temperatures to increase (sorry for the link--I couldn't figure out how to embed the graphic here. And below the... Continue reading
Posted Sep 13, 2016 at Environmental Economics
I am not opposed to the pursuit of private money to fund academic research, in principle. Unfortunately, though, such private money sometimes comes with strings attached. Even if those strings are not pulled, there is the risk of the perception of non-objectivity when private organizations fund basic research at universities...and... Continue reading
Posted Sep 12, 2016 at Environmental Economics
That sound you just heard was the sound of relief coming from me and John: You might want to chase that next beer with a little exercise. Exercising the recommended amount "cancels out" the higher risk of cancer death brought about by drinking, a new study revealed. Similarly, physical activity... Continue reading
Posted Sep 8, 2016 at Environmental Economics
As countries develop, economically and socially, the means of producing economic well-being shift. These shifts are often uncomfortable for those working tin the affected industries. In the U.S. in the early 20th century, technology-induced on-farm productivity gains led to significant decreases in on-farm employment and significant increases in industrial manufacturing... Continue reading
Posted Sep 8, 2016 at Environmental Economics
Philip Bump of The Fix at the Washington Post addresses "The national economic implications of a taco truck on every corner": A supporter of Donald Trump appeared on MSNBC's "All In" on Thursday night to offer a vision of a bleak, delicious future. "My culture is a very dominant culture,... Continue reading
Posted Sep 2, 2016 at Environmental Economics
BURN!
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California is regulating cow farts: The legislation, which now heads to the Democratic governor's desk, would require steep reductions in a variety of climate-changing gases known as short-lived climate pollutants, including methane, HFC gases used in aerosols and air conditionnts and soot, known as black carbon. While these pollutants live... Continue reading
Posted Sep 1, 2016 at Environmental Economics
Hmmm...maybe someone should poll AERE members for consensus*. *Or maybe we could get an update published before the original?
1 reply
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Using the relationship between rents for New York city apartments and commute times, fivethirtyeight.com finds that the average commuter is willing to pay $56 a month to reduce commute times by 1 minute. Here's a picture: Assuming a commuter commutes about 23 days per month, and assuming those are 1-way... Continue reading
Posted Aug 30, 2016 at Environmental Economics
Do Southerners claim Maryland?
1 reply
Humans are not good for the planet. But humans are the only ones capable of judging good from bad...as far as we know right now. So if humans didn't exist, would the planet be better off or worse off? Who would judge? I'm confused. And all of that is irrelevant... Continue reading
Posted Aug 26, 2016 at Environmental Economics
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The President is dramatically expanding the Papahanaumokuakea Marine National Monument: President Obama is set to vastly expand a marine sanctuary northwest of the main Hawaiian Islands, White House officials said Thursday, creating the world’s largest protected marine area as he seeks to cement his environmental legacy in his last months... Continue reading
Posted Aug 26, 2016 at Environmental Economics
NPR asks the tricky question: Should we think about not having kids to reduce carbon emissions? Here are some of the lifetime (80 year) carbon savings they report: Increase car's fuel economy from 20 to 30 mpg: 148 Reduce miles driven from 231 to 155 per week: 147 Replace single-glazed... Continue reading
Posted Aug 19, 2016 at Environmental Economics
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In the true Olympic spirit, July was another world record breaking month. From Slate: October. November. December. January. February. March. April. May. June. And now July. For the sixthseventheighthninth 10th month in a row, we’ve had a month that has broken the global high temperature record. And for those who... Continue reading
Posted Aug 18, 2016 at Environmental Economics
Ohio State-Michigan State game is 11/19. If it's a noon start I might have to sprint from my session. If it's a night game, I will find a bar to watch. Who's in?
1 reply