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Tim Haab
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We can tell lawmakers that we will gladly provide them political cover if they want to blame us.
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Good to know I can still publish (or at least I'm smart enough to team up with talented people who can publish and then attach my name to it): Christopher G. Leggett, Nora Scherer, Timothy C. Haab, Ryan Bailey, Jason P. Landrum, and Adam Domanski, "Assessing the Economic Benefits of... Continue reading
Posted 3 days ago at Environmental Economics
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Question 1: In the figure below, identify the 'highest' peak Question 2: In the graph below, identify the 'highest' number Question 3: Reconcile your answers to Question 1, Question 2, and the following Tweet: Thank you for all of the nice compliments and reviews on the State of the Union... Continue reading
Posted Feb 1, 2018 at Environmental Economics
FiveThirtyEight's assessment of President Trump's first year: The upshot? Few dramatic changes in either direction. Jobs in the manufacturing and coal mining industries ticked up, the trade deficit shrank a bit, and the number of murders in some big cities decreased. The uninsurance rate got worse — the only change... Continue reading
Posted Jan 31, 2018 at Environmental Economics
Anyone at EPA care to weigh in on the 'new' methods for benefit cost analysis? I have spent my career developing (hopefully) objective methods for the valuation of environmental benefits and costs. This is particularly troubling: The Trump administration’s rollback of environmental regulations has received ample attention in the media.... Continue reading
Posted Jan 30, 2018 at Environmental Economics
There's a well known result in Econ 101 (I need to write this chapter for Env-Econ 1010 sometime) that if the demand for a good is elastic*, lowering the price will increase revenues, and vice-versa. If the demand is inelastic, then lowering the price lowers revenue. Unfortunately it's rare to... Continue reading
Posted Jan 25, 2018 at Environmental Economics
Having trouble believing the return on this will be positive: The least sexy part of the Olympic process is when the games are over and giant, state-of-the-art stadiums remain standing often in sparsely populated areas with no potential tenant in site. This conundrum was highly publicized after the 2016 Games... Continue reading
Posted Jan 25, 2018 at Environmental Economics
If you want to blame U.S. power generation for climate change, you're probably living in the past. It look like U.S. transportation has passed power generation for 1st place in the CO2 emissions race: Some of the most common avatars of climate change – hulking power stations and billowing smokestacks... Continue reading
Posted Jan 3, 2018 at Environmental Economics
I seem to be on an explaining basic principles kick the last few days. I saw this story on CNBC this morning: The Dow Jones industrial average just did something it has never done in its 121-year history. The 30-stock average is now up more than 5,000 points in a... Continue reading
Posted Dec 19, 2017 at Environmental Economics
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If you haven't heard, the U.S. Congress is likely to pass a new income tax bill this week. CNN.com has a graphic with the existing and new income brackets and associated tax rates. This seems like a good time to talk a little about the difference between the marginal tax... Continue reading
Posted Dec 18, 2017 at Environmental Economics
Posted Dec 15, 2017 at Environmental Economics
Jim, I added the GDP growth rate (not sure I see a Trump Bump here), and labor force participation (looks like a Trump Bump here--or at least a Trump Flattening).
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I'll have to check that out. The DJIA definitely shows a Trump bump.
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A pet peeve of mine as an economist is giving too much credit to the current quarterback , er...President for [economic] wins and too much blame for [economic] losses. To give a better picture of what's going on with the economy, here are some graphs of the past decade of... Continue reading
Posted Dec 11, 2017 at Environmental Economics
From the inbox: We had a glance at your published article Reply to "Comment on: A revealed preference approach to valuing non-market recreational fishing losses from the deepwater horizon oil spill and its corrigendum". We found your article very innovative, insightful & interesting; we really value your outstanding contribution towards... Continue reading
Posted Nov 29, 2017 at Environmental Economics
It looks like there is more cropland available for food production worldwide than we previously thought. A lot more…at lease according to the US Geological Survey: There’s more agricultural land in the world than previously thought, and India rather than the U.S. or China is now believed to have the... Continue reading
Posted Nov 15, 2017 at Environmental Economics
hmmmm...that website doesn't seem to work. Odd.
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And then there's this... Citing the risk of conflicts of interest, the EPA administrator instituted a sweeping change to the agency’s core system of advisory panels on Tuesday, restricting membership to scientists who don’t receive EPA grants. In practice, the move represents “a major purge of independent scientists,” Terry F.... Continue reading
Posted Nov 1, 2017 at Environmental Economics
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Test question*: Consider a class of 10 people taking a statistics test. The scores of those 10 people are: 50%, 52%, 55%, 55%, 60%, 65%, 75%, 75%, 95%, 100% A) What is the average test score? B) What is the median test score? C) How many people scored below the... Continue reading
Posted Oct 31, 2017 at Environmental Economics
Law of demand (for National Park visits): When prices rise, the number of visitors to National Parks will fall. We'll see: The National Park Service proposes more than doubling the entrance fees at 17 popular national parks, including Grand Canyon, Yosemite, and Yellowstone, to help pay for infrastructure improvements. Under... Continue reading
Posted Oct 25, 2017 at Environmental Economics
I was an assistant professor at East Carolina University from 1995-2000. I have been on the faculty at Ohio State since 2000. In 2017, they are the #2 and #4 party schools in the country. Coincidence? Continue reading
Posted Oct 25, 2017 at Environmental Economics
Well, that's a real pick-me-up
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