Environmental Economics
The cromulent economics blog
recent posts
Category: Book Reviews
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Review of Contingent Valuation of Environmental Goods: A Comprehensive Critique. Edited by Daniel McFadden and Kenneth Train (2017): An Update John C. Whitehead No 24-17, Working Papers from Department of Economics, Appalachian State University Abstract: This paper updates the review of the 2017 BP-funded book critical of the contingent valuation method (McFadden and Train, 2017)…
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Here is a link from 2017 with some background: BP has funded a book critical of the CVM. In that post I boasted that my review would be forthcoming in 2018. That boast was a commitment mechanism. I don't know if it would have worked unless Marit Kragt had not invited me to review the book…
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From the inbox: Thank you! Your proof corrections for AJAR – AUSTRALIAN JOURNAL OF AGRICULTURAL AND RESOURCE ECONOMICS : 12280 : Contingent Valuation of Environmental Goods: A Comprehensive Critique, by Daniel McFadden and Kenneth Train (Eds.). Published by Edward Elgar Publishing, 2017, 319 pages, ISBN: 978-1-78643-468-5, AU$210 have been received.
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Hello, John Whitehead is happy to report that he is no longer a part-time academic administrator (i.e., Economics Department Chair). If your email is regarding department business, please redirect it to our new chair Todd Cherry at cherrytl at appstate.edu. John Whitehead is also happy to report that he is on Off-Campus Scholarly Assignment (i.e.,…
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From Booklist: Arguably, our adherence to the free-market model of economics has been among the major factors that have contributed to environmental deterioration. This is because environmental benefits are treated as public goods and are hence underpriced and undervalued. This work introduces readers to some of the factors that have caused that economic model to…
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Here are a couple of excerpts ($ link): The book’s introduction does a good job of describing both the historical and current issues and problems in this area of economic research. The literature review presented in the introduction is helpful in putting content to the problem at hand. The 19 papers presented in the book…
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Warning: Spoiler Alert below the jump. If you haven't read 'Inferno' yet, don;t read below the jump, I'm going to give away the plot and ending. I recently finished reading Dan Brown's (author of The Da Vinci Code) newest book 'Inferno.' As a casual reader of the book, I found it entertaining. Brown does his…
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This time it was (allegedly) for $923k: Sylvia Nasar, a longtime journalism professor and prize-winning author, says the university underpaid her from an endowment fund dedicated to provide her with compensation. Ms. Nasar, a former economics reporter for The New York Times, won acclaim for A Beautiful Mind, a 1998 biography of John F. Nash…
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I'm using Tietenberg and Lewis, Environmental Economics and Policy, in my sophomore level environmental and resource economics class this semester. I haven't taught this course in awhile so it seems very fresh. As such, I had some fun with planning out the order of topics. Here it is: Chapter 1 – Visions of the…
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