Jason F. Shogren

This title was first published in 2003.Over the decades, experiential methods have become an established research tool in environmental economics. Economists working in this area have realised that experimental methods from economics and other disciplines such as psychology and decision theory can be applied to gain insight into the behavioral underpinnings of environmental policy. Economic experiments, in the lab and field, are an attractive tool to address the incentive and contextual questions that arise in environmental policy. Experiments have been and continue to be designed to capture the key elements of market and non-market choices to test theory, for pattern recognition, to testbed new institutions, and to value public goods, including environmental protection. This volume collects the most significant papers in the literature that identify the underpinnings of experimental approaches are complemented by works that specifically address the use of experimental economics to identify choice under risk, conflict, cooperation, environmental policy instruments, and environmental valuation

Experiments in Environmental Economics, Volumes I and II

Ben White

Nick Hanley

Introduction to Environmental Economics

Jayson L. Lusk

Economists, psychologists, and marketers are interested in determining the monetary value people place on non-market goods for a variety of reasons: to carry out cost-benefit analysis, to determine the welfare effects of technological innovation or public policy, to forecast new product success, and to understand individual and consumer behavior. Unfortunately, many currently available techniques for eliciting individuals' values suffer from a serious problem in that they involve asking individuals hypothetical questions about intended behavior. Experimental auctions circumvent this problem because they involve individuals exchanging real money for real goods in an active market. This represents a promising means for eliciting non-market values. Lusk and Shogren provide a comprehensive guide to the theory and practice of experimental auctions. It will be a valuable resource to graduate students, practitioners and researchers concerned with the design and utilization of experimental auctions in applied economic and marketing research.

Methods and Applications in Economic and Marketing Research

Experimental Auctions

Reuben P. Keller

Mark A. Lewis

David M. Lodge

Biological invasions are one of the strongest drivers of global environmental change, and invasive species are now often in the public discourse. At the same time, economists have begun to take a real interest in determining how invasive species interact with economic systems, and how invaders should be controlled to optimize societal wealth. Although the work from ecologists and economists have both greatly expanded our understanding of the drivers and impacts of invasions, little integration between the fields has occurred that would allow managers and policy-makers to identify the optical expenditures on, for example, prevention and control of invasive species. Because the level of effort expended on invasive species management is intricately linked to the costs and projected benefits of that management, there is an urgent need for greater synthesis between ecology and economics. This book brings ecology and economics together in new ways to address how we deal with the dynamics and impacts of invasive species, and is the outcome fo many years of collaborative research between a small group of economists and ecologists. The outcome is clear demonstration of the utility of combining ecological and economic models for addressing critical questions in the management of invasive species.

Integrating Ecology, Economics, Policy, and Management

Bioeconomics of Invasive Species

Randall Lutter

Stroock Distinguished Professor of Natural Resource Conservation and Management and Professor of Economics Jason F Shogren

Presidents, like kings, lead cloistered lives. Protecting the president from too much isolation are advisers and aides who help ensure that the administration achieves its policy goals while enjoying broad political support. In economics and environmental policy, where disagreement among stakeholders and expert opinion is especially strong, the president needs good advice about political strategy, as well as unbiased information about the substance of policy issues. It is the latter need that the Council of Economic Advisers (CEA) is intended to address. Painting the White House Green collects personal essays by eight Senior Staff Economists for Environmental and Natural Resource Policy who worked within the CEA from 1992 to 2002. These authors confirm the council's 'severe' view of many environmental initiatives, a perspective that led President Clinton to label his economic advisers as 'lemon suckers.' At the same time, they demonstrate that the emphasis on efficiency was to offer more effective environmental protection at lower cost. Thinking 'green' meant thinking consistently about both economics and the environment. The essays in this innovative book present lively debates on clean air, climate change, and electricity deregulation that pitted economists at CEA, the Office of Management and Budget, and often the Treasury Department, against political advisers in the White House and officials at EPA and other agencies. The essays present vivid portraits of the power plays involved in environmental policymaking, rare insights into presidential decisionmaking, and revealing details of the ways that economic thinking influences-or is neglected-in a wide range of policy decisions.

Rationalizing Environmental Policy Inside the Executive Office of the President

Painting the White House Green

Our whole nation benefits from the preservation of natural habitats and their diversity of animal and plant species—yet small groups of private landowners often bear most of the costs of setting land aside for conservation purposes. This imbalance has generated many conflicts since the passage of the Endangered Species Act in 1973 and remains one of the most controversial issues to be resolved as the ESA makes its way through Congress for reauthorization. To provide policy makers, landowners, and other stakeholders in the ESA debates with impartial baseline information, this book offers multidisciplinary perspectives on the role that private property plays in protecting endangered species in the United States. The opening chapter traces the evolution of the ESA and set forth the parameters of the debate over regulation of private property. Four subsequent chapters explore the judicial and economic implications of ESA and suggest how issues of scale and diversity affect the implementation of the ESA on private property. The volume concludes with eight principles to help frame the ongoing ESA reauthorization debate, developed by the University of Wyoming's Institute for Environment and Natural Resources Policy Board, the sponsor of the research presented in this book.

Jason F. Shogren

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