Electric vehicles have a unique potential to transform personal transportation. We analyze this transition with dynamic model capturing falling costs of electric vehicles, decreasing pollution from electricity, and increasing vehicle substitutability. Our calibration the US market shows gasoline is not optimal at current substitutability: production ban would large deadweight loss. At higher su...

Firms sometimes comply with externality-correcting policies by gaming the measure that determines policy. This harms buyers eroding information, but it benefits them when cost savings are passed through into prices. We develop a model highlights this tension and use to analyze of automobile carbon emission ratings in EU. document startling increases using novel data. then effects calibrated sim...

This paper analyzes the marginal willingness to pay for changes in noise levels related to changes in the volume of flight movements at a city airport in Stockholm, Sweden, by using a choice experiment. When estimating marginal willingness to pay for different times of the day and days of the week, we find that these vary with the temporal dimensions: mornings and evenings have higher marginal ...

This article uses theory and experiments to investigate voluntary-threat approaches for regulating nonpoint source water pollution. The policies allow a group of polluters to voluntarily meet a pollution standard, under threat of a mandatory tax policy to be implemented in the case of noncompliance. Building upon recent work by Segerson and Wu (2006), who propose what we label an “exogenous” vo...

Environmental crimes are unauthorized acts against the environment that are subject to criminal prosecution and sanction. While their deterrence e¤ect is largely unknown, policy is moving rapidly towards strengthening the role of criminal sanctioning in the context of environmental crime. This paper provides new evidence on the e¤ects of the use of criminal sanctions in environmental policy mak...

We examine convergence in carbon dioxide emissions among 128 countries for the period 1960-2003 by means of a new methodology introduced by Phillips and Sul (Econometrica, 2007). Contrary to previous studies, our approach allows us to examine for evidence of club convergence, i.e. identify groups of countries that converge to different equilibria. Our results suggest convergence in per capita C...

This study explores the relationship between happiness and air pollution in Britain using data from the British Household Panel Survey (BHPS). The effects of air pollution on individuals’ happiness are estimated and their monetary value is calculated. In particular, three air pollutants are examined in this paper; the sulphur dioxide (SO2), the ground-level ozone (O3) and the nitrogen dioxides ...