Environmental Economics, Experimental Methods

✍ Scribed by Cherry Shogren

• Year: 2008
• Tongue: English
• Leaves: 509
• Category: Library

✦ Synopsis

The experimental method is one commonly applied to issues of environmental economics; this book brings together 63 leading researchers in the area and their latest work exploring the behavioural underpinnings of experimental environmental economics. The essays in this volume will be illuminating for both researchers and practitioners, specifically in relation to questions of environmental policy and how a proposed change in incentives or benefits might affect behaviour and consequently, the likely success of a policy. This book argues that the experimental evidence complements theoretic insights, field date and simulating models to improve our understanding of the underlying assumptions and incentives that drive behavioural responses to policy. Covering topical areas of interest such as tradable permit markets, common property and public goods, regulation and compliance and valuation and preferences, the critical advantage of this volume is that each section concludes with discussion points written by economists who do not use experimental methods.

✦ Table of Contents

Book Cover......Page 1
Title......Page 4
Copyright......Page 5
Contents......Page 6
Figures......Page 10
Tables......Page 13
Contributors......Page 17
Foreword......Page 20
Introduction......Page 24
Part I: Tradable permit markets......Page 30
1 Baseline-and-credit emission permit trading: Experimental evidence under variable output capacity......Page 32
2 A laboratory analysis of industry consolidation and diffusion under tradable fishing allowance management......Page 52
3 Caveat emptor Kyoto: Comparing buyer and seller liability in carbon emission trading......Page 70
4 A test bed experiment for water and salinity rights trading in irrigation regions of the Murray Darling Basin, Australia......Page 100
5 Aligning policy and real world settings: An experimental economics approach to designing and testing a cap-and-trade salinity credit policy......Page 123
6 Discussion: Tradable permit markets......Page 154
Part II: Common property and public goods......Page 164
7 Communication and the extraction of natural renewable resources with threshold externalities......Page 166
8 Unilateral emissions abatement: An experiment......Page 180
9 Voluntary contributions with multiple public goods......Page 207
10 Can public goods experiments inform policy?: Interpreting results in the presence of confused subjects......Page 217
11 Spies and swords: Behavior in environments with costly monitoring and sanctioning......Page 235
12 Discussion: Common property and public goods......Page 257
Part III: Regulation and compliance......Page 264
13 Managerial incentives for compliance with environmental information disclosure programs......Page 266
14 An investigation of voluntary discovery and disclosure of environmental violations using laboratory experiments......Page 284
15 Congestion pricing and welfare: An entry experiment......Page 303
16 Social preferences in the face of regulatory change......Page 316
17 The effects of recommended play on compliance with ambient pollution instruments......Page 330
18 Discussion: Regulation and compliance......Page 347
Part IV: Valuation and preferences......Page 352
19 Preference reversal asymmetries in a static choice setting......Page 354
20 Measuring preferences for genetically modified food products......Page 367
21 An experimental investigation of choice under “hard” uncertainty......Page 389
22 Rationality spillovers in Yellowstone......Page 406
23 Wind hazard risk perception: An experimental test......Page 418
24 Consequentiality and demand revelation in double referenda......Page 430
25 Investigating the characteristics of stated preferences for reducing the impacts of air pollution: A contingent valuation experiment......Page 447
26 Forecasting hypothetical bias: A tale of two calibrations......Page 470
27 Discussion: Valuation and preferences......Page 489
Index......Page 499