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Reflections on the Literature

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  • V. Kerry Smith

Abstract

This paper considers two areas of current research related to environmental economics: 1. the use of quasi-experimental or "experimentalist" methods to evaluate the effects of environmental policies; and 2. the implications of the Stern Report on the economic consequences of global climate change. The objective of the paper is to stimulate the discussion and exchange of ideas. The paper examines applications of the experimentalist approach to hedonic property models associated with the regulation of air pollution and the cleanup of hazardous waste at Superfund sites. The discussion of the Stern Report considers whether we should evaluate the merits of reducing the stringency of current environmental policies in order to increase the efforts devoted to controlling pollutants that contribute to long term climate risks. Copyright 2007, Oxford University Press.
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Suggested Citation

  • V. Kerry Smith, 2008. "Reflections on the Literature," Review of Environmental Economics and Policy, Association of Environmental and Resource Economists, vol. 2(1), pages 130-145, Winter.
    • Handle: RePEc:oup:renvpo:v:2:y:2008:i:1:p:130-145
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    Cited by:

    1. Levinson, Arik, 2012. "Valuing public goods using happiness data: The case of air quality," Journal of Public Economics, Elsevier, vol. 96(9-10), pages 869-880.
    2. V. Smith & Eric Moore, 2010. "Behavioral Economics and Benefit Cost Analysis," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 46(2), pages 217-234, June.
    3. Schubert, Christian, 2017. "Green nudges: Do they work? Are they ethical?," Ecological Economics, Elsevier, vol. 132(C), pages 329-342.
    4. S. Niggol Seo, 2013. "Economics of global warming as a global public good: Private incentives and smart adaptations," Regional Science Policy & Practice, Wiley Blackwell, vol. 5(1), pages 83-95, March.
    5. Lisa A. Robinson & James K. Hammitt, 2013. "Behavioral economics and the conduct of benefit–cost analysis: towards principles and standards," Chapters, in: Scott O. Farrow & Richard Zerbe, Jr. (ed.), Principles and Standards for Benefit–Cost Analysis, chapter 10, pages 317-363, Edward Elgar Publishing.
    6. Kip Viscusi, W. & Gayer, Ted, 2016. "Rational Benefit Assessment for an Irrational World: Toward a Behavioral Transfer Test1," Journal of Benefit-Cost Analysis, Cambridge University Press, vol. 7(1), pages 69-91, April.
    7. Ambrey, Christopher L. & Fleming, Christopher M., 2011. "Valuing scenic amenity using life satisfaction data," Ecological Economics, Elsevier, vol. 72(C), pages 106-115.
    8. Susana Ferreira & Mirko Moro, 2010. "On the Use of Subjective Well-Being Data for Environmental Valuation," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 46(3), pages 249-273, July.
    9. Christopher Ambrey & Christopher Fleming, 2014. "Public Greenspace and Life Satisfaction in Urban Australia," Urban Studies, Urban Studies Journal Limited, vol. 51(6), pages 1290-1321, May.
    10. Pemberton, Carlisle A. & Harris-Charles, Emaline & Patterson-Andrews, Hazel, 2010. "Cultural bias in contingent valuation of copper mining in the Commonwealth of Dominica," Ecological Economics, Elsevier, vol. 70(1), pages 19-23, November.
    11. Tobias Menz & Heinz Welsch, 2012. "Life-Cycle and Cohort Effects in the Valuation of Air Quality: Evidence from Subjective Well-being Data," Land Economics, University of Wisconsin Press, vol. 88(2), pages 300-325.
    12. Emmanouil Mentzakis, 2011. "Allowing for heterogeneity in monetary subjective well‐being valuations," Health Economics, John Wiley & Sons, Ltd., vol. 20(3), pages 331-347, March.
    13. Ambrey, Christopher L. & Fleming, Christopher M., 2011. "Valuing Ecosystem Diversity in South East Queensland: A Life Satisfaction Approach," 2011 Conference, August 25-26, 2011, Nelson, New Zealand 115347, New Zealand Agricultural and Resource Economics Society.
    14. Rob Aalbers & Victoria Shestalova & Viktoria Kocsis, 2012. "Innovation policy for directing technical change in the power sector," CPB Discussion Paper 223, CPB Netherlands Bureau for Economic Policy Analysis.
    15. Menz, Tobias, 2011. "Do people habituate to air pollution? Evidence from international life satisfaction data," Ecological Economics, Elsevier, vol. 71(C), pages 211-219.
    16. Arik Levinson, 2013. "Happiness as a Public Policy Tool," Working Papers gueconwpa~13-13-04, Georgetown University, Department of Economics.
    17. Aalbers, Rob & Shestalova, Victoria & Kocsis, Viktória, 2013. "Innovation policy for directing technical change in the power sector," Energy Policy, Elsevier, vol. 63(C), pages 1240-1250.
    18. Henk Folmer & Olof Johansson-Stenman, 2011. "Does Environmental Economics Produce Aeroplanes Without Engines? On the Need for an Environmental Social Science," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 48(3), pages 337-361, March.
    19. Arik Levinson, 2013. "Happiness, Behavioral Economics, and Public Policy," NBER Working Papers 19329, National Bureau of Economic Research, Inc.
    20. Ambrey, Christopher L. & Fleming, Christopher M., 2011. "The influence of the natural environment and climate on life satisfaction in Australia," 2011 Conference (55th), February 8-11, 2011, Melbourne, Australia 100548, Australian Agricultural and Resource Economics Society.
    21. Welsch, Heinz & Ferreira, Susana, 2014. "Environment, Well-Being, and Experienced Preference," International Review of Environmental and Resource Economics, now publishers, vol. 7(3-4), pages 205-239, December.
    22. Ranjan Ram, 2011. "Self Insurance and Insurance Demand under Self-Deception," Asia-Pacific Journal of Risk and Insurance, De Gruyter, vol. 5(2), pages 1-27, July.

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