Journal: Journal of Environmental Economics and Management

Abbreviation

J. Environ. Econ. Manage.

Publisher

Elsevier

Journal Volumes

ISSN

0095-0696
1096-0449

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Publications 1 - 10 of 42
  • Cap-and-trade, taxes, and distributional conflict
    Item type: Journal Article
    MacKenzie, Ian A.; Ohndorf, Markus (2012)
    Journal of Environmental Economics and Management
  • Income inequality and willingness to pay for environmental public goods
    Item type: Journal Article
    Baumgärtner, Stefan; Drupp, Moritz A.; Meya, Jasper N.; et al. (2017)
    Journal of Environmental Economics and Management
    We study how the distribution of income among members of society, and income inequality in particular, affects social willingness to pay (WTP) for environmental public goods. We find that social WTP for environmental goods decreases (increases) with income inequality if and only if environmental goods and manufactured goods are substitutes (complements). We derive adjustment factors for benefit transfer to control for differences in income distributions between a study site and a policy site. For illustration, we quantify how social WTP for environmental public goods depends on the respective income distributions for empirical case studies in Sweden and the World at large. We find that the adjustment for income inequality can be substantial.
  • Markets and Regulatory Hold-up Problems
    Item type: Journal Article
    Gersbach, Hans; Glazer, Amihai (1999)
    Journal of Environmental Economics and Management
  • Crediting uncertain ecosystem services in a market
    Item type: Journal Article
    Springborn, Michael; Yeo, Boon-Ling; Lee, Juhwan; et al. (2013)
    Journal of Environmental Economics and Management
  • The case for international emission trade in the absence of cooperative climate policy
    Item type: Journal Article
    Carbone, Jared C.; Helm, Carsten; Rutherford, Thomas F. (2009)
    Journal of Environmental Economics and Management
  • Growth and pollution convergence
    Item type: Journal Article
    Criado, C. Ordás; Valente, S.; Stengos, T. (2011)
    Journal of Environmental Economics and Management
  • Complementarity between labor and energy: A firm-level analysis
    Item type: Journal Article
    Bretschger, Lucas; Jo, Ara (2024)
    Journal of Environmental Economics and Management
    This paper extends the literature on the potential negative employment effects of environmental policy by bringing to the fore a key factor that directly regulates its magnitude: the elasticity of substitution between labor and energy. Using firm-level data from the French manufacturing sector and addressing endogeneity concerns, we provide empirical estimates that point to strong complementarity between labor and energy. We then investigate the empirical relevance of the elasticity of substitution in studying firms’ response to changing energy prices. Our findings suggest that the negative employment effects of rising energy prices are largely driven by firms with limited substitution capacity.
  • Best Policy Response to Environmental Shocks: Building a Stochastic Framework
    Item type: Journal Article
    Bretschger, Lucas; Vinogradova, Alexandra (2019)
    Journal of Environmental Economics and Management
    The paper develops a general framework for the analysis of environmental shocks in growing economies. Endogenous capital investments allow identifying the dual role of capital as a buffer against shocks and a source of pollution. We study the effects of recurring natural disasters on optimal growth and efficient environmental policies. Emissions may cause continuous fluctuations, entail discrete and recurring jumps, or trigger so-called “tipping points” with large costs to the economy. Closed-form solutions are provided for all the model variants. We discuss possible applications in environmental economics and identify current research gaps.
  • On the palm oil-biodiversity trade-off: Environmental performance of smallholder producers
    Item type: Journal Article
    Dalheimer, Bernhard; Parikoglou, Iordanis; Brambach, Fabian; et al. (2024)
    Journal of Environmental Economics and Management
    Oil palm remains an important source of rural income in South East Asia. At the same time, Indonesia has become a hotspot for large-scale species extinction and a loss of biodiversity in favor of agricultural production. The present study sets out to assess the environmental performance of smallholder oil palm production with respect to biodiversity. Using a panel dataset that combines conventional farm data together with an account of plant diversity, we estimate a restricted hyperbolic environmental distance function. We integrate loss of biodiversity as an undesirable output into the production model which allows explaining shortfalls in environmental performance and the derivation of shadow prices of biodiversity conservation. We find a substantial environmental inefficiency, which is partly explained by both chemical and manual weeding practices, highlighting the potential for improvements in both the environmental and the economic dimension. Moreover, the value for conserving one species of the average biodiversity on a farmers plantation was 325 USD in 2018. Payments for ecosystem services schemes could be a viable policy response to conserve meaningful levels of biodiversity while simultaneously allowing smallholders to increase palm oil output. In general, addressing drivers of environmental performance in PES designs amplifies its effect without reducing output.
  • Mobilizing credit for clean energy: De-risking and public loan provision under learning spillovers
    Item type: Journal Article
    Waidelich, Paul Dietmar; Krug, Joscha; Steffen, Bjarne (2025)
    Journal of Environmental Economics and Management
    This paper analyzes bank lending behavior toward novel clean energy technologies in the presence of high screening costs and potential learning-by-lending. In a two-period model, bank loans in the first period build up banks’ financing experience with the novel technology, which improves lending profitability and partially spills over to peers. Because of these learning externalities, such early-stage loans are either undersupplied by the market (a cooperation problem) or do not occur at all if the banking sector remains stuck in an inferior market equilibrium with no lending (a coordination problem). We propose a policy mix in which public loan provision eliminates the inferior equilibrium, thereby resolving the coordination problem, while de-risking subsidies internalize learning spillovers to peers. Our findings highlight the role of public financial policies if environmental and innovation externalities are already addressed, and we provide a numerical application to the early stage of offshore wind energy in Germany as a plausible context for our policy implications.
Publications 1 - 10 of 42