Environmental Economics
The cromulent economics blog
recent posts
Category: Microeconomics
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For years I have railed about the need to get the price of driving right (too many posts to find and link, but here's a good one). Why, oh, why I cry, do we still keep finding needlessly complicated ways to confuse the f*** out of drivers who just want to do the right thing,…
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By now most know of the train derailment in East Palestine (pronounced pal-uh-steen), Ohio and the ensuing decision to burn the chemicals spilling from the train rather than wait for a potentially more disastrous–and perhaps more lethal–explosion. What is not yet known, and likely won't be known for some time, is the scope and extent…
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I just finished reading Kirk Wallace Johnson's The Fishermen and the Dragon: Fear, Greed, and a Fight for Justice on the Gulf Coast. Here's my book review (from the view of an Environmental Economist of course). The Fishermen and the Dragon tells the true story of the evolution of the Texas Gulf Coast crab and…
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"Dr. Peter Gleick is a leading scientist, innovator, and communicator on global water and climate issues." He is also a frequent Tweeter and sometimes instigator. Yesterday he tweeted this: I'm fairly certain Dr. Gleick knows there are a large number of 'atypical' economists who understand the non-market values of water (I'm not sure what a…
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I was recently looking back on some notes I wrote a while back on the difference between efficiency and equity. These notes came about for two reasons: 1) I've had fits and starts over the years of writing a Principles-level economics book from an environmental/sustainability perspective, and in thinking about this, 2) I've realized that…
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Today's entry in Abstract Monday is a little technical, but it's a problem I've been interested in for a long time, and it looks like my and John's former colleague, Ju-Chin Huang*, and co-author have found an improvement (if not solution). If I ever get around to writing a second edition of my nonmarket valuation…
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Warning: NSFW (Unless you work at a University and part of your job is to watch stuff like this and post it on a blog). The highlights of this have been around all week, but most of the clips are just Bill Nye the Science Guy saying "motherf***ers. But this segment on Last Week Tonight…
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This is appalling! I'm aghast! I need a beer. Around this time last year, the Beer Institute (BI), a national trade association representing the American brewing industry, warned that President Donald Trump’s aluminum and steel tariffs would cost the beer industry $347 million annually and potentially lead to the loss of 20,000 jobs. Well, as it…
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A while back I tweeted: Econ-world: Anyone else wish econ journals would require abstracts be written like some medical journals? Just wondering. https://t.co/yEBdJb31cN — Tim Haab (@tim_env_econ) November 2, 2018 Even though I only got 3 likes on the Tweet (sad face emoji), I've been thinking about how I might use alternative abstracting formats as…
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Every 6 years or so (I'm rounding) gas prices rise, and the results are predictable: Price go up because of some supply shock, the news starts to cover it, people start to complain, politicians start to rumble about price gouging and restricting prices, supply increases, prices fall, and everyone calms down. While higher gas prices…
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