Time Inconsistency in Environmental Policy


Book Description

Tax earmarking imposes a constraint on government policymaking, and may be desirable if it solves a time-inconsistency problem in tax policy. In a two-period economy, in which the policy decisions regarding taxes, public goods provision, and pollution abatement are taken by a majority-elected individual, we show how the time-inconsistency problem in environmental policy arises. We demonstrate that the commitment equilibrium under no earmarking rules cannot be as fully implemented as a no-commitment equilibrium under earmarking rules. However, the earmarking rules do act as a partial commitment mechanism.




Better Us Later Than Me Now


Book Description

To adequately design and implement effective environmental policies, it is paramount for policymakers to understand preferences for regulatory instruments as well as their individual level determinants. In this study, I experimentally investigate the demand for three environmental policies, comprising nudges, monetary incentives, and punishments. I elicit the demand for these interventions through decisions in a pro-environmental real effort task. The experiment introduces exogenous variation along two dimensions to analyze, whether interventions are (1) demanded as commitment devices to commit to future pro-environmental behavior, and (2) how demand changes when regulation affects not only the self but also others. The results show that a large fraction of individuals demands regulation, which is, however, heterogeneously distributed across participants, being dependent on individual characteristics. Moreover, particularly participants who are sophisticated about their time-inconsistent prosocial preferences demand interventions to commit to pro-environmental behavior. When the intervention is also imposed on other participants, this leads to an increase in the demand, driven by conditionally cooperative individuals who are not averse to constraining others' behavior. Finally, I provide evidence that the experimentally elicited demand for interventions can serve as a predictor of preferences for actual environmental policies.




Picoeconomics


Book Description

Dr. Ainslie examines an elementary human paradox: that we are endangered by our own wishes.




Environmental Policy and Time Consistency


Book Description

As instruments for controlling pollution, how do emissions taxes and emissions trading compare in terms of the incentives they create to adopt cleaner technologies? Emissions taxes may have a slight advantage over emissions trading.







Wspc Reference On Natural Resources And Environmental Policy In The Era Of Global Change, The (In 4 Volumes)


Book Description

The WSPC Reference on Natural Resources and Environmental Policy in the Era of Global Change provides a comprehensive and prominent reference of various highly authoritative volumes of long-term scientific value, for milestone concepts and theories. The books in the reference set are edited by leading experts in the fields of: Game Theory, International Relations and Global Politics, Computable General Equilibrium (CGE): Economy-Wide Modeling, and Experimental Economics. Each book in the reference set includes chapters that are laid out by recognized, broadly respected researchers, in fields associated with issues related to natural resources and environmental policy in the era of global change. The reference set focuses on the economic and strategic aspects of interactions among various parts of society, all dependent on the availability and utilization of limited natural resources and their impact on the environment. Policy implications are addressed, including current challenges and future perspectives.The combination of the four books provides a unique perspective on the issues that engage the public discourse of researchers and policy-makers at state, regional, and global levels. Each of the books in the reference set and all four books as a whole provide coverage of disciplines and angles through which the reader can obtain an understanding of the state-of-the-art of dealing with natural resources and environmental policy in the era of global change. The books in the reference set complement each other and provide a scientific understanding of our ability to address the issues covered.




Dynamic and Stochastic Approaches to the Environment and Economic Development


Book Description

This book is a collection of Amitrajeet A Batabyal's most important papers on the environment and economic development. This book's uniqueness stems from the fact that it uses novel modeling tools that are largely unfamiliar to economists to shed valuable light on contemporary problems at the interface of the environment and economic development.




The Short Guide to Environmental Policy


Book Description

Some have argued that the rate and scale of human-induced global environmental change is so significant that it now constitutes a new geological epoch in the Earth’s history called the Anthropocene (Zalasiewicz et al, 2011; Steffen et al, 2011). More than ever, there is a need to have appropriate and effective environmental policies that address the challenges of climate change, biodiversity, food, water and energy insecurity, environmental pollution, poverty alleviation and environmental equity. The short guide to environmental policy provides a concise introduction to post-war environmental policies, bringing together perspectives from a range of fields including economics, sociology, politics and social policy. It covers a broad range of issues, including causes and effects of contemporary environmental issues, policy approaches to addressing environmental problems, challenges to implementing environmental policies and future environmental challenges. This book is an essential introduction to all those interested in how policies can address environmental problems.




The Psychology of Environmental Law


Book Description

Offers psychological insights into how people perceive, respond to, value, and make decisions about the environment Environmental law may seem a strange space to seek insights from psychology. Psychology, after all, seeks to illuminate the interior of the human mind, while environmental law is fundamentally concerned with the exterior surroundings—the environment—in which people live. Yet psychology is a crucial, undervalued factor in how laws shape people’s interactions with the environment. Psychology can offer environmental law a rich, empirically informed account of why, when, and how people act in ways that affect the environment—which can then be used to more effectively pursue specific policy goals. When environmental law fails to incorporate insights from psychology, it risks misunderstanding and mispredicting human behaviors that may injure or otherwise affect the environment, and misprescribing legal tools to shape or mitigate those behaviors. The Psychology of Environmental Law provides key insights regarding how psychology can inform, explain, and improve how environmental law operates. It offers concrete analyses of the theoretical and practical payoffs in pollution control, ecosystem management, and climate change law and policy when psychological insights are taken into account.




New Perspectives for Environmental Policies Through Behavioral Economics


Book Description

This book presents essential insights on environmental policy derived from behavioral economics. The authors demonstrate the potential of behavioral economics to drive environmental protection and to generate concrete proposals for the efficient design of policy instruments. Moreover, detailed recommendations on how to use “nudges” and related instruments to move industry and society toward a sustainable course are presented. This book addresses the needs of environmental economists, behavioral economists and environmental policymakers, as well as all readers interested in the intersection between behavioral economics and environmental policy.