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John Whitehead
Boone, NC
Recent Activity
Yoram Bauman: This is the fifth such review I’ve been involved in and it is almost certainly the last review I’ll be doing, for the simple reason that the vast majority of textbooks now have excellent content on climate change! (If desired you can skip directly to the report card,... Continue reading
Posted Jan 4, 2021 at Environmental Economics
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DMT (2020) draw attention to my treatment of the weighted WTP estimates. The regression model for the second scenario has a negative sign for the constant and a positive sign for the slope. When I "mechanically" calculate WTP for the second scenario it is a positive number which adds weight... Continue reading
Posted Sep 10, 2020 at Environmental Economics
When dichotomous choice CVM data is of low quality, the measure of central tendancy is sensitive to assumptions. As I showed in a paper presented earlier this year (Landry and Whitehed 2020), with the highest quality data it makes no difference the WTP estimator that is used. The Turnbull, Kristrom,... Continue reading
Posted Sep 4, 2020 at Environmental Economics
When dichotomous choice CVM data has a negative WTP problem, one of the standard corrections is to estimate a log-linear model and present the median WTP. With many estimated log-linear models the mean WTP is undefined. This is because the log-linear model flattens the estimated survival curve and, in contrast... Continue reading
Posted Sep 4, 2020 at Environmental Economics
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In Whitehead (2020) I describe the problems in the DMT (2015) data. It is full of non-monotonicities, flat portions of bid curves and fat tails. A non-monotonicity is when the percentage of respondents in favor of a policy increases when the cost increases. In other words, for a pair of... Continue reading
Posted Sep 2, 2020 at Environmental Economics
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As described in the introduction of my (draft) "Reply to 'Reply to Whitehead'", I suspect that I have used the incorrect confidence intervals when analyzing the Desvousges, Mathews and Train (2015) data. Park, Loomis and Creel (1991) introduced the Krinsky-Robb approach for estimating confidence intervals for willingness to pay estimates... Continue reading
Posted Aug 20, 2020 at Environmental Economics
Desvousges, Mathews and Train (Land Economics, 2015) use the contingent valuation method (CVM) to conduct an adding-up test (i.e., does WTPA + WTPB = WTPA+B?). They use the nonparametric Turnbull estimator and find that the data do not pass the adding-up test. This suggests that the CVM lacks internal validity.... Continue reading
Posted Aug 19, 2020 at Environmental Economics
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I first wrote about this in September 2016. I then submitted the comment to Land Economics. The editor sent me the results of an internal review and I revised it accordingly. Then he sent it out for external review and it received a favorable review in February 2017. But, the... Continue reading
Posted Jul 27, 2020 at Environmental Economics
Alden, Dave. "Experience with scripted role play in environmental economics." The Journal of Economic Education 30, no. 2 (1999): 127-132. Anderson, Soren T., and Michael D. Bates. "Hedonic prices and equilibrium sorting in housing markets: A classroom simulation." National Tax Journal 70, no. 1 (2017): 171-183. Anderson, Lisa R., and... Continue reading
Posted Jul 23, 2020 at Environmental Economics
Here is the website: http://anythingbutdismal.com Episode 1: Sports Reporter: John Whitehead Release date: July 15, 2020 9:00 pm ET In this episode, we look at how the pandemic has impacted sports and sporting events and how we can open the pro sports season again. Reporter John Whitehead speaks with sports... Continue reading
Posted Jul 15, 2020 at Environmental Economics
I'm posting this RFP at the request of Dick Morgenstern and Art Fraas. This is a great project ... coincidentally, I recently purchased Economic Analysis a the EPA, ed. by Morgenstern and have read the intro, conclusions, and all the parts about estimating benefits. The book is highly recommended for... Continue reading
Posted May 21, 2020 at Environmental Economics
From the WSJ Microeconomics Weekly Review: World’s Priciest Precious Metal Surges Amid Emissions Clampdown By Joe Wallace | January 23, 2020 Summary: Because of limited supplies and rising demand, the price of rhodium, a metal used to strip pollutants from automobile exhaust fumes, has surged in 2020. Rhodium is a... Continue reading
Posted Jan 31, 2020 at Environmental Economics
Over half say driving cars and burning fossils fuels are major contributors (link). This is In spite of everything [*]: Americans remain shaky on the details of climate science even as they have grown increasingly concerned about human activity warming the Earth, according to a national poll by The Washington... Continue reading
Posted Dec 9, 2019 at Environmental Economics
Why not? Monetizing Bowser: A Contingent Valuation of the Statistical Value of Dog Life Deven Carlson, Simon Haeder, Hank Jenkins-Smith, Joseph Ripberger Abstract Households in the USA spend about $70 billion annually on pets. Dogs, the most common pet, can be found in nearly half of American households. An important... Continue reading
Posted Nov 13, 2019 at Environmental Economics
From the Stand-up Economist email: Details on upcoming shows: See my web calendar for all the details, but FYI the San Diego show in January is the 12th Annual American Economic Association Humor Session at the ASSA conference, where I'll also be a discussant on a (serious) paper at an... Continue reading
Posted Nov 4, 2019 at Environmental Economics
Greg Mankiw (former chair of the Council of Economic Advisors): I just came back from city hall, where I switched my voter registration from Republican to unenrolled (aka independent). Two reasons: First, the Republican Party has largely become the Party of Trump. Too many Republicans in Congress are willing, in... Continue reading
Reblogged Oct 28, 2019 at Environmental Economics
I'm looking forward to hearing who gets hired for this job: Nature, the international weekly journal of science, seeks to appoint an editor specializing in Environmental/Energy Economics to further our aim to publish the world’s best original research linking social sciences – including economics – to the physical and biological... Continue reading
Reblogged Oct 23, 2019 at Environmental Economics
Here is a comment I received on a referendum repeated contingent valuation (aka, discrete choice experiment) survey: I seriously dont think this is a realistic way to make decisions regarding such a complex situation. I hope my answers arent used to help anyone. I truly breezed through and became bored... Continue reading
Posted Oct 18, 2019 at Environmental Economics
I'm shouting because the journal is shouting: Marine Resource Economics is now accepting submissions for a new section of the journal titled Case Studies, which is intended to provide an outlet for rigorous, theoretically grounded analyses of the governance of individual fisheries and/or aquaculture systems. The new section will be... Continue reading
Posted Oct 15, 2019 at Environmental Economics
An ERS updata (USDA expects ‘significant delays’ in economic research reports): Mass attrition at the Economic Research Service as a result of USDA’s decision to move the agency out of Washington will lead to “significant delays” in vital research reports, according to an internal document provided to POLITICO. The memo,... Continue reading
Reblogged Sep 25, 2019 at Environmental Economics
From the WSJ Micro Weekly Review (reviewed by Edward Scahill, University Of Scranton): Canada’s Oil Market Finds Outlet in U.S. Demand By Vipal Monga | September 12, 2019 Summary: An increase in the demand for dense crude oil from the U.S. and cuts in production ordered by its government has... Continue reading
Posted Sep 20, 2019 at Environmental Economics
Here is an example of two curves shifting (supply decrease, demand decrease): Fall typically brings lower gas demand, and the Energy Information Administration’s latest weekly report shows just that. For the week ending on September 13, demand dropped by 900,000 b/d from the previous week to 8.9 million b/d. Additionally,... Continue reading
Reblogged Sep 19, 2019 at Environmental Economics
This might be the first good thing to be coming out of the EPA in quite some time. via Will Wheeler on twitter: EPA is soliciting comment on issues related to water quality trading ... (looks like the http://regs.gov docket is not live, but that just means you have more... Continue reading
Posted Sep 11, 2019 at Environmental Economics