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Tim Haab
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New York state has field suit against Volkswagen claiming that not only did someone at Volkswagen designed a system to bypass emissions tests (for which VW has already agreed to pay over $15 billion), but that upper management actually performed a benefit cost analysis on what would happen if they... Continue reading
Posted Jul 19, 2016 at Environmental Economics
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One of the fundamental determinants of supply is the input price. If the price of an input increases, the supply of the output decreases (shifts left): Here's a real world example: Starbucks has hiked its prices just a day after increasing staff pay. The cafe giant announced that the price... Continue reading
Posted Jul 13, 2016 at Environmental Economics
Is the law of demand really 'fairly nuanced'?
1 reply
From Nobel prize winner Angus Deaton in the World Economic Forum. Sorry for the length, but a fascinating economic rationale for the current political environment in the developed world. International development aid is based on the Robin Hood principle: take from the rich and give to the poor. National development... Continue reading
Posted Jul 6, 2016 at Environmental Economics
Point taken (I just found the video funny).
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Happy 4th of July Weekend everyone. Stay safe and for craps sake read a history book: Continue reading
Posted Jul 1, 2016 at Environmental Economics
From the Washington Post: In a letter dated Tuesday, 31 leading U.S. scientific organizations sent members of Congress a no-nonsense message that human-caused climate change is real, poses risks to society and is backed by overwhelming evidence. “Observations throughout the world make it clear that climate change is occurring, and... Continue reading
Posted Jul 1, 2016 at Environmental Economics
From Science: Since it was discovered in 1985, the Antarctic ozone hole has been a potent symbol of humankind’s ability to cause unintended environmental harm. But now comes a glimmer of good news: The void in the ozone layer is shrinking. “It’s a big surprise,” says Susan Solomon, an atmospheric... Continue reading
Posted Jun 30, 2016 at Environmental Economics
For a few years now we have heard about a helium shortage. While most of us (just me?) think of helium as that fun gas that makes things float and gives us a Donald Duck voice, helium actually has some important uses. For example, MRI's rely on helium (I'm not... Continue reading
Posted Jun 29, 2016 at Environmental Economics
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This graphic in the Washington Post is stunning: Continue reading
Posted Jun 20, 2016 at Environmental Economics
Having grown up in the Chesapeake Bay watershed, it's good the hear that it looks like years of effort to improve the Bay's water quality might be paying off: Conditions may be "poor to moderate" in Chesapeake Bay but scientists still found a reason to celebrate. America's largest estuary got... Continue reading
Posted Jun 14, 2016 at Environmental Economics
Although I've never been there, I've found my happy place...Austria. I really don't have anything to add. Continue reading
Posted Jun 10, 2016 at Environmental Economics
Quite possibly the most depressing introduction to a pseudo-academic workshop I have seen: How can we best live at this moment of severe environmental degradation? How can we work and teach on behalf of environmental wellbeing without becoming overwhelmed, embittered, or burned out? Is there a way to thrive in... Continue reading
Posted Jun 8, 2016 at Environmental Economics
"I guess I have nothing to lose." There are still those who believe they are not validated as an economist until they hit the AER--or one of the big journals. As a faculty member once said to me when I asked why he was obsessed with getting in the AER: "You already have your JPE." a) My JPE was a comment, b) The goal of the JPE comment was not to validate myself, but rather make a correction in the hopes of furthering knowledge. Maybe that's why you and I don't care what we say here...we're secure enough in whatever level of success we currently enjoy that chasing the elusive AER article has low net marginal value. Pissing off other ego-driven economists though--priceless.
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On April 30, 2012, I wrote: Here is my solution to any aquatic invasive specie problem. Have the government start a covert marketing campaign designed to convince the public that the invasive specie is in fact a delicacy. They can even rename the specie to make it sound appetizing (think... Continue reading
Posted May 31, 2016 at Environmental Economics
From the Onion: Following what they deemed to be a peculiar interaction with a number of possible implications, the nation’s top overthinkers gathered for an intensive three-day symposium this week to determine what that’s supposed to mean. Thousands of overthinkers from across the country, who were seen furrowing their brows... Continue reading
Posted May 27, 2016 at Environmental Economics
Big men's joints start to fail them as they approach 50.
Toggle Commented May 27, 2016 on Your daily reminder ... at Environmental Economics
1 reply
I figure since John put it on Facebook, I can put it here... Continue reading
Posted May 27, 2016 at Environmental Economics
Law of Demand: As prices go up, the amount demanded goes down, and vice-versa. Impact: As prices rise two things happen, people demand less of that which costs more, and people will switch to what are now relatively cheaper substitutes Illustration: And Andy Puzder, CEO of Carl's Jr. and Hardee's,... Continue reading
Posted May 26, 2016 at Environmental Economics
Revisionist history: ECU hired Craig after we both left, so he easily replaced two pairs of big shoes.
1 reply
Trump's stated position on climate change on Dec. 30, 2015, in Hilton Head, S.C., "Obama's talking about all of this with the global warming and … a lot of it's a hoax. It's a hoax. I mean, it's a money-making industry, OK? It's a hoax, a lot of it." Trump's... Continue reading
Posted May 23, 2016 at Environmental Economics
Apparently what we used to call a nature walk (or a stroll through the park, or a walk in the woods) is now a form of meditation: To give shinrin-yoku a try, choose a spot based on physical ability and convenience. Do not choose a route that is too strenuous:... Continue reading
Posted May 18, 2016 at Environmental Economics
The Intelligent Economist (oxymoron?) lists the 100 best economics blogs for 2016: If you’re looking for practical, insightful and educational economics blogs, you’ve come to the right place. Here are the 100 best economics blogs online, listed in no particular order. Today, as you know, there’s no shortage of high-quality... Continue reading
Posted May 17, 2016 at Environmental Economics
An anonymous comment from an anonymous student about an anonymous professor* in an anonymous class dealing with food economics at an anonymous institution of higher education: I found it annoying how this class approached the topic of food strictly from an economics standpoint. The professor talked a lot about the... Continue reading
Posted May 12, 2016 at Environmental Economics