The design perspective in resource and environmental economics

Article Abstract:

The design perspective was used to model the design problems of resource and environmental economics. An old problem, the regulation of an open access fishery (OAF), was studied using the design approach to demonstrate the method's advantages. The OAF equilibrium is inefficient because there is not enough well-defined property rights to the fishery. In addition, the OAF equilibrium may have bioeconomic inefficiencies if the equilibrium is located on the left of the maximum sustainable yield biomass. Results show that the design perspective has significant implications in the field of fisheries management.

Economic aspects, Fisheries, Ecology

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Emissions, concentrations and disappearing CO2

Article Abstract:

Good estimates of the time profile of atmospheric CO2 fluxes are important in understanding global climate change. Some economists have tried to describe CO2 time profiles by relying on historical data on CO2 emissions and atmospheric conditions. Such time profiles may lead to erroneous conclusions in climate change studies if they ignore land use sources and missing sinks for CO2. A revised CO2 uptake model to improve time profiles for atmospheric CO2 is presented.

Atmospheric carbon dioxide, Carbon cycle (Biogeochemistry), Carbon cycle

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Adjusting the measurement of U.S. manufacturing productivity for air pollution emissions control

Article Abstract:

A distance function is estimated and producer shadow prices are derived for SO2 and PM-10 emissions. The shadow prices are used to adjust a traditional measure of total factor productivity growth in order to account for the reallocation of inputs from production of the marketed output to air pollution abatement activities.

United States, Models, Control, Industrial productivity, Air pollution, Productivity

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