The Stern Review (2006) has come to symbolize something of a dividing line in the evolution of the common appreciation of the climate problem. It is fair to say that during the last decade there has…

Evaluating its impact using the deforestation observed in matched untreated areas, we find that Costa Rica’s ‘PSA’ program of payments for environmental services had little effect on 1997-2000 forest…

To support conservation planning, we ask whether a park’s impact on deforestation varies with observable characteristics that planners could use to prioritize sites. Using matching methods to avoid…

We investigate the importance of relative income within the Indian Caste system, using a choice experiment. We find that slightly more than half of the marginal utility of income comes from some kind…

Food-for-work (FFW) is the most widely used type of public works program in Ethiopia through which a high share of the food aid is distributed. This paper assesses the impacts of FFW in Tigray, a…

If communities living adjacent to the elephant see it as a burden, then they cannot be its stewards. To assess their valuation of it, a contingent valuation method study was conducted for one CAMPFIRE…

With decentralization experiments occurring in the Chinese forestry sector, the authors used a survey-based choice experiment to investigate farmers’ preferences for various property-rights attributes…

Santiago was one of the first cities outside the OECD to implement a tradable permit program to control air pollution. This paper looks closely at the program’s performance over the past 10 years…

In permit trading systems, free initial allocation is common practice. A recent example is the European Union Greenhouse Gas Emission Trading Scheme (EU-ETS). We investigate effects of different free…

This paper attempts to bring some central insights from behavioural economics into the economics of climate change. In particular, it discusses (i) implications of prospect theory, the equity premium…