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Tim Haab
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The Legislature of the State of Ohio is currently considering legislation to reduce Phosphorous loadings into Lake Erie by 40%. This is a good thing, as reducing Phosphorous going into Lake Erie will reduce the incidence and impact of Harmful Algal Blooms in the Western Lake Erie Basin. The proposed... Continue reading
Posted 3 days ago at Environmental Economics
Alabama Rep. Mo Brooks on possible causes of sea level rise: "What about erosion?...Every time you have that soil or rock, whatever it is, that is deposited into the seas, that forces the sea levels to rise because now you've got less space in those oceans because the bottom is... Continue reading
Posted May 18, 2018 at Environmental Economics
"...sprinkled with humor." Sprinkled?
1 reply
From NBC.com: This community voted overwhelmingly for Donald Trump. But now his immigration changes are killing its livelihood — legendary crabs that are a mainstay of the local economy and a regional delicacy. For decades, Hoopers Island, known for its crabbing industry, has relied on a federal seasonal work program... Continue reading
Posted May 17, 2018 at Environmental Economics
OK, that's an exaggeration, but at least an environmental economist is an AEA Executive Committee VP candidate. Congrats Maureen Cropper*! *I had the pleasure of being taught Environmental Economics by Maureen during my PhD studies at the University of Maryland. Based on my lack of understanding of the field as... Continue reading
Posted May 7, 2018 at Environmental Economics
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Since most of the major news outlets (CNN, MSNBC, FOX, Drudge (?),...) spend all of their time having partisan shouting matches, I thought I would update everyone on some ongoing economic and environmental trends, without mentioning or crediting or discrediting the contribution to those trends by any particular President past... Continue reading
Posted Apr 23, 2018 at Environmental Economics
I’m failing to not see what’s neither right nor not wrong with this question.
1 reply
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The Congressional Budget Office has prepared its first estimates of direct expenditures and revenues from H.R. 2, the Agriculture and Nutrition Act of 2018; AKA the Farm Bill. It looks like the conservation title (Title II) might take some hits. The Conservation Reserve Program is proposed to be scaled back,... Continue reading
Posted Apr 17, 2018 at Environmental Economics
We're working on PhD recruitment this week (if you applied to OSU AEDE and were accepted, join us, we're FUN!). I put together a Google map with our PhD placements since 2007. A bit scary that I might be influencing thinking for this many people and this wide an area. Continue reading
Posted Feb 23, 2018 at Environmental Economics
We can tell lawmakers that we will gladly provide them political cover if they want to blame us.
1 reply
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 Feb 14, 2018 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