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Agricultural intensification can negatively affect farmer and social welfare through health and environmental externalities if producers have imperfect knowledge of the risks posed by agricultural inputs. This paper explores the effects of health-risk information on the demand for substitutes in...
This study finds that a significant and hitherto ignored determinant of home energy demand is ambient particle pollution. I access longitudinal data for Singapore, a newly affluent Asian city-nation and arguably a harbinger of what is to come in the urbanizing tropics. Singapore today combines...
What are the final equilibrium impacts of renewable energy investments on consumer and producer surpluses? This paper offers an approach to quantify the surplus breakdown in a market dominated by renewables and sufficient storage to counterbalance their intermittency—the Nordic electricity...
Recent panel estimates of weather effects on crop yields have been central for discussing future food security under climate change, but these estimates only carry limited behavioral response. Growers can adjust harvest decisions when experiencing weather shocks. Using US county-level data on...
We analyze a competitive fishery with congestion in which each skipper is privately informed about fish abundance, and we study the broader implications for the entire fishery. Harvest strategies are shown to depend on congestion, the number of vessels, fishers’ prior information, and the...
Data manipulation around cutoff points is observed in economics broadly and in environmental and resource economics in particular. This paper develops a simple and tractable censored maximum likelihood approach to quantify the degree of manipulation in China’s air pollution data around the...
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