RES-ECON 162 Lecture Notes - Lecture 18: Revealed Preference, Natural Experiment, Contingent Valuation
3 May 2017
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Hopefully fixes key problem from failed kyoto (1998) accords and copenhagen (2009) meetings: no credible penalty for non-membership. January 2015: california and quebec linked their carbon markets: ontario plans to join in 2017, alongside other canadian regions and u. s. states and. Nature as an experimenter: we talked about two main ways to estimate environmental benefits and costs. 2 revealed preference (e. g. hedonic pricing: another method gaining prominence is the use of statistical methods that exploit. Our results are consistent with homeowner beliefs lagging actual risk. They suggest information signals may generate updating roughly comparable in magnitude to that from price signals, counter to the priors of some economists. This finding is important for policy design, particularly in an environment where programs involving price signals may face political constraints. There is going to be a selection bias. S02 concentrations reduced 80% between ~1970-2000, though we still aren"t sure why.
