Environmental Economics
The cromulent economics blog
recent posts
Category: Contingent valuation
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Here are the first 622 of 5230 words: Two years ago, the U.S. Environmental Protection Agency and U.S. Department of the Army (EPA-Army 2015) estimated that the total quantified benefits of the Clean Water Rule (CWR) range from a low of $339 million to $350 million (2014 dollars). The largest component of these benefits was…
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This has been posted as a discussion paper at the Economics E-journal. Here is the abstract and citation: Desvousges, Mathews and Train (2015) find that their contingent valuation method (CVM) survey data does not pass the adding up test using a nonparametric estimate of mean willingnessto-pay. Their data suffers from non-monotocity, flat bid curve and fat…
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Andrew Gelman: Again, I’m not saying that Heckman and his colleagues are doing this. I can only assume they’re reporting what, to them, are their best estimates. Unfortunately these methods are biased. But a lot of people with classical statistics and econometrics training don’t realize this: they thing regression coefficients are unbiased estimates, but nobody…
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*Doing what it takes: "Hiking" the 4.8 mile roundtrip Grandfather Trail (the last half mile featured thunder, lightning, pouring rain and some hail) at Grandfather Mountain State Park to better understand Hemlock Woolly Adelgid (I think that dead tree in the middle is a Hemlock). The last time I hiked this trail was 7 years ago (enough…
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Where have I heard a story like this before? The tech giant Google has paid academics up to hundreds of thousands of dollars to research topics that support the company’s business practices, according to an investigation by The Wall Street Journal, based on data compiled by the Campaign for Accountability, an advocacy group that has 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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1/ Looooong tweetstorm on use of contingent valuation method in Exxon Valdez case & what it says on how economics science & expertise work pic.twitter.com/SohMYTwnh7 — Beatrice Cherrier (@Undercoverhist) June 25, 2017 //platform.twitter.com/widgets.js These 48 tweets cover the article that Tim posted earlier and also this one by Spencer Banzhaf (who alerted us to the…
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What the hell does Jerry Hausman have against Sousa? From The History of Political Economy article on Exxon's approach to criticizing contingent valuation,, mentioned in this very blog (a Top 100 Economics Blog) yesterday: "Some years after the [Cambridge symposium on Contingent Valuation], [Contingent Valuation critic and all around good guy*, Jerry Hausman] was profiled by…
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HT to Spencer Banzhaf for pointing us to this article that points out that Exxon was less than objective in their attacks on contingent valuation in the wake of the Exxon Valdez oil spill. I wonder if the same can be said for BP after the Deepwater Horizon? Indeed, I wonder. Here's the abstract: This…
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George Borjas response to @m_clem critique of his anti-immigration study is incredibly unfair. HT @JustinWolfers pic.twitter.com/DLhFSKzzaX — William Easterly (@bill_easterly) May 23, 2017 //platform.twitter.com/widgets.js
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