Reflections on the Literature
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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Volume (Year): 2 (2008)
Issue (Month): 2 (Summer)
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