Resource Economics

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Spencer H Banzhaf - One of the best experts on this subject based on the ideXlab platform.

  • the environmental turn in natural Resource Economics john krutilla and conservation reconsidered
    Journal of The History of Economic Thought, 2019
    Co-Authors: Spencer H Banzhaf
    Abstract:

    Environmentalism in the United States historically has been divided into its utilitarian and preservationist impulses, represented by Gifford Pinchot and John Muir, respectively. Pinchot advocated conservation of natural Resources to be used for human purposes; Muir advocated protection from humans, for nature’s own sake. In the first half of the twentieth century, natural Resource Economics was firmly in Pinchot’s side of that schism. That position began to change as the postwar environmental movement gained momentum. In particular, John Krutilla, an economist at Resources for the Future, pushed Economics to the point that it could embrace Muir’s vision as well as Pinchot’s. Krutilla argued that if humans preferred a preserved state to a developed one, then such preferences were every bit as “economic.” Either way, there were opportunity costs and an economic choice to be made.

  • the environmental turn in natural Resource Economics john krutilla and conservation reconsidered
    2016
    Co-Authors: Spencer H Banzhaf
    Abstract:

    Environmentalism in the United States historically has been divided into its utilitarian and preservationist impulses, represented by Gifford Pinchot and John Muir, respectively. Pinchot advocated conservation of natural Resources to be used for human purposes; Muir advocated protection from humans, for nature's own sake. In the first half of the 20th century, natural re-source Economics was firmly in Pinchot's side of that schism. That position began to change as the post-war environmental movement gained momentum. In particular, John Krutilla, an economist at Resources for the Future, pushed Economics to the point that it could embrace Muir's vision as well as Pinchot's. Krutilla argued that if humans preferred a preserved state to a developed one, then such preferences were every bit as "economic." Either way, there were opportunity costs and an economic choice to be made.

  • the environmental turn in natural Resource Economics john krutilla and conservation reconsidered
    2016
    Co-Authors: Spencer H Banzhaf
    Abstract:

    Environmentalism in the United States historically has been divided into its utilitarian and preservationist impulses, represented by Gifford Pinchot and John Muir, respectively. Pinchot advocated conservation of natural Resources to be used for human purposes; Muir advocated protection from humans, for nature’s own sake. In the first half of the twentieth century, natural Resource Economics was firmly on Pinchot’s side of that schism. That position began to change as the postwar environmental movement gained momentum. In particular, John Krutilla, an economist at Resources for the Future, pushed Economics to the point where it could embrace Muir’s vision as well as Pinchot’s. Krutilla argued that if humans preferred a preserved state to a developed one, then such preferences were every bit as “economic”—either way, opportunity costs exist and economic choices must be made.

Ronald Rousseau - One of the best experts on this subject based on the ideXlab platform.

  • evaluating environmental and Resource Economics journals a top curve approach
    Review of Environmental Economics and Policy, 2009
    Co-Authors: Sandra Rousseau, Tom Verbeke, Ronald Rousseau
    Abstract:

    AbstractThis article applies an alternative approach to the measurement of scholarly quality, namely the use of TOP-curves, in order to rank journals in the field of environmental and Resource econ...

  • evaluating environmental and Resource Economics journals a top curve approach
    Social Science Research Network, 2009
    Co-Authors: Sandra Rousseau, Tom Verbeke, Ronald Rousseau
    Abstract:

    This article applies an alternative approach to the measurement of scholarly quality, namely the use of TOP-curves, in order to rank journals in the field of environmental and Resource Economics. This measure summarizes the incidence, intensity, and inequality of these journals’ highly cited articles. Moreover, TOP-curves allow analysts to rank journals according to TOP-dominance. The journal ranking based on the TOP-dominance criterion does not match the ranking based on the journals’ impact factors. Indeed, TOP-curves provide more detailed information on the relative ranking of journals since they take into account the composition and the distribution of citations within the top group.

Thomas Mueller - One of the best experts on this subject based on the ideXlab platform.

  • Time discounting in Harold Hotelling's approach to natural Resource Economics: the unsolved ethical question
    Ecological Economics, 2019
    Co-Authors: Marco P. V. Franco, Marion Gaspard, Thomas Mueller
    Abstract:

    The paper focuses on Harold Hotelling's approach to time discounting in the context of the intertemporal allocation of exhaustible natural Resources. In 1931, Hotelling introduces a positive discount rate when dealing with the “social value” or “total utility” derived from a Resource. His position was in contrast with early economic literature on conservation, as well as with the point of view of Frank Ramsey, according to whom time discounting expressed an unjustified preference for the welfare of present generations over that of future ones. Hence, it has been argued that Hotelling dismissed ethical concerns. Using archival material, we find that, for Hotelling, economic questions should not be restricted to issues of economic efficiency; that his choice to discount utility – which he considered as analogous to a concrete benefit – at the interest rate is compatible with Ramsey's position; and, more broadly, that this choice does not preclude an ethical position on the desirable distribution of exhaustible Resources through time. To Hotelling, ethics is implemented by politics, through fiscal corrections of the interest rate. Revisiting Hotelling on the articulation between ethics, allocative efficiency, and policies allows us to rethink the way we do that in current models using time discounting.

Peter E Kennedy - One of the best experts on this subject based on the ideXlab platform.

  • the use and abuse of meta analysis in environmental and natural Resource Economics an assessment
    Environmental and Resource Economics, 2009
    Co-Authors: Jon P Nelson, Peter E Kennedy
    Abstract:

    Motivated by the 2006 report of a Work Group appointed by the Environmental Protection Agency (EPA), this paper examines the present state of meta-analysis in environmental Economics and offers recommendations for its future use. To this end we summarize and assess 140 meta-analyses from 125 published and unpublished studies, covering 17 topical categories in environmental and Resource Economics. First, we provide several generic meta-analysis models as reference points and discuss major estimation issues. Five econometric issues are identified as part of a complete analysis: (1) sample selection criteria; (2) basic data summary; (3) primary data heterogeneity; (4) heteroskedasticity; and (5) non-independence of multiple observations from primary studies. Second, a tabular summary is presented for the 140 meta-analyses with respect to estimation methods. Third, a narrative summary is presented for 19 meta-analyses, including the three value-of-statistical-life studies examined by the EPA Work Group and one analysis from each of 16 other categories. Fourth, we offer a set of “best practice” guidelines for future meta-analyses in this and other areas of Economics. Last, the paper comments on the use of meta-analytic methods for benefit transfers of environmental values.

  • the use and abuse of meta analysis in environmental and natural Resource Economics an assessment
    Social Science Research Network, 2008
    Co-Authors: Jon P Nelson, Peter E Kennedy
    Abstract:

    Motivated by the 2006 report of a Work Group appointed by the Environmental Protection Agency (EPA), this paper examines the present state of meta-analysis in environmental Economics and offers recommendations for its future use. To this end we summarize and assess 130 meta-analyses from 115 published and unpublished studies, covering seventeen topical categories in environmental and Resource Economics. We first provide several generic meta-analysis models as reference points and discuss major estimation issues. Second, a tabular summary is presented for 130 meta-analyses with respect to methodology and econometric methods. Five key issues are identified as part of a complete analysis: (1) sample selection criteria; (2) basic data summary; (3) primary data heterogeneity; (4) heteroskedasticity; and (5) non-independence of multiple observations from primary studies. Third, a narrative summary is presented for 19 meta-analyses, including the three value-of-statistical-life studies examined by the EPA Work Group and one analysis from each of sixteen other categories. Fourth, we offer a set of best practice guidelines for future meta-analyses in this and other areas of Economics. Last, the paper comments on the use of meta-analytic methods for benefit transfer of environmental values.

Sandra Rousseau - One of the best experts on this subject based on the ideXlab platform.

  • evaluating environmental and Resource Economics journals a top curve approach
    Review of Environmental Economics and Policy, 2009
    Co-Authors: Sandra Rousseau, Tom Verbeke, Ronald Rousseau
    Abstract:

    AbstractThis article applies an alternative approach to the measurement of scholarly quality, namely the use of TOP-curves, in order to rank journals in the field of environmental and Resource econ...

  • evaluating environmental and Resource Economics journals a top curve approach
    Social Science Research Network, 2009
    Co-Authors: Sandra Rousseau, Tom Verbeke, Ronald Rousseau
    Abstract:

    This article applies an alternative approach to the measurement of scholarly quality, namely the use of TOP-curves, in order to rank journals in the field of environmental and Resource Economics. This measure summarizes the incidence, intensity, and inequality of these journals’ highly cited articles. Moreover, TOP-curves allow analysts to rank journals according to TOP-dominance. The journal ranking based on the TOP-dominance criterion does not match the ranking based on the journals’ impact factors. Indeed, TOP-curves provide more detailed information on the relative ranking of journals since they take into account the composition and the distribution of citations within the top group.