Pub Date : 2024-11-01DOI: 10.1016/j.jeem.2024.103073
Elías Cisneros , Krisztina Kis-Katos
High agricultural profits motivate politicians to collude with local elites and ignore illegal conversion of natural forests. Fighting corruption through fiscal audits can improve local governance in general but may also unintentionally intensify such collusion and rent extraction activities within the less scrutinized forestry sector. This paper highlights such unintended consequences of a federal anti-corruption strategy in Brazil by documenting the causal effects of randomized fiscal audits on deforestation dynamics, a non-targeted outcome. Between 2003 and 2011, public audits of federal funds increased deforestation by about 10% in municipalities of the Brazilian Amazon within the first three years after the audit. The audits triggered forest loss, especially during election years, in municipalities governed by first-term mayors who managed to win re-elections afterwards, and in places with a high share of cattle ranching, indicating potential collusion between local politicians and the agricultural sector.
{"title":"Unintended environmental consequences of anti-corruption strategies","authors":"Elías Cisneros , Krisztina Kis-Katos","doi":"10.1016/j.jeem.2024.103073","DOIUrl":"10.1016/j.jeem.2024.103073","url":null,"abstract":"<div><div>High agricultural profits motivate politicians to collude with local elites and ignore illegal conversion of natural forests. Fighting corruption through fiscal audits can improve local governance in general but may also unintentionally intensify such collusion and rent extraction activities within the less scrutinized forestry sector. This paper highlights such unintended consequences of a federal anti-corruption strategy in Brazil by documenting the causal effects of randomized fiscal audits on deforestation dynamics, a non-targeted outcome. Between 2003 and 2011, public audits of federal funds increased deforestation by about 10% in municipalities of the Brazilian Amazon within the first three years after the audit. The audits triggered forest loss, especially during election years, in municipalities governed by first-term mayors who managed to win re-elections afterwards, and in places with a high share of cattle ranching, indicating potential collusion between local politicians and the agricultural sector.</div></div>","PeriodicalId":15763,"journal":{"name":"Journal of Environmental Economics and Management","volume":"128 ","pages":"Article 103073"},"PeriodicalIF":5.5,"publicationDate":"2024-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142657507","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-11-01DOI: 10.1016/j.jeem.2024.103072
Shinsuke Tanaka
We estimate the causal effects of long-term exposure to air pollution emitted from fossil fuel power plants on adult mortality. We leverage quasi-experimental variation in daily wind patterns, which is further instrumented by the county orientation from the nearest power plant. We find that the county’s fraction of days spent downwind of plants within 20 miles in the last 10 years is associated with increased mortality from COVID-19 through the third peak in mortality in January 2021. This effect is more pronounced in fenceline communities with high poverty rates, low health insurance coverage, and low educational attainment.
{"title":"Blowin’ in the wind: Long-term downwind exposure to air pollution from power plants and adult mortality","authors":"Shinsuke Tanaka","doi":"10.1016/j.jeem.2024.103072","DOIUrl":"10.1016/j.jeem.2024.103072","url":null,"abstract":"<div><div>We estimate the causal effects of long-term exposure to air pollution emitted from fossil fuel power plants on adult mortality. We leverage quasi-experimental variation in daily wind patterns, which is further instrumented by the county orientation from the nearest power plant. We find that the county’s fraction of days spent downwind of plants within 20 miles in the last 10 years is associated with increased mortality from COVID-19 through the third peak in mortality in January 2021. This effect is more pronounced in fenceline communities with high poverty rates, low health insurance coverage, and low educational attainment.</div></div>","PeriodicalId":15763,"journal":{"name":"Journal of Environmental Economics and Management","volume":"128 ","pages":"Article 103072"},"PeriodicalIF":5.5,"publicationDate":"2024-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142571508","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-11-01DOI: 10.1016/j.jeem.2024.103071
Emanuele Campiglio , Alessandro Spiganti , Anthony Wiskich
Access to finance is a major barrier to clean innovation. We incorporate a financial sector in a directed technological change model, where research firms working on different technologies raise funding from financial intermediaries at potentially different costs. We show that, in addition to a rising carbon tax and a generous but short-lived clean research subsidy, optimal climate policies include a clean finance subsidy directly aimed at reducing the financing cost differential across technologies. The presence of an endogenous financing experience effect induces stronger mitigation efforts in the short-term to accelerate the convergence of heterogeneous financing costs. This is achieved primarily through a carbon price premium of 39% in 2025, relative to a case with no financing costs.
{"title":"Clean innovation, heterogeneous financing costs, and the optimal climate policy mix","authors":"Emanuele Campiglio , Alessandro Spiganti , Anthony Wiskich","doi":"10.1016/j.jeem.2024.103071","DOIUrl":"10.1016/j.jeem.2024.103071","url":null,"abstract":"<div><div>Access to finance is a major barrier to clean innovation. We incorporate a financial sector in a directed technological change model, where research firms working on different technologies raise funding from financial intermediaries at potentially different costs. We show that, in addition to a rising carbon tax and a generous but short-lived clean research subsidy, optimal climate policies include a clean finance subsidy directly aimed at reducing the financing cost differential across technologies. The presence of an endogenous financing experience effect induces stronger mitigation efforts in the short-term to accelerate the convergence of heterogeneous financing costs. This is achieved primarily through a carbon price premium of 39% in 2025, relative to a case with no financing costs.</div></div>","PeriodicalId":15763,"journal":{"name":"Journal of Environmental Economics and Management","volume":"128 ","pages":"Article 103071"},"PeriodicalIF":5.5,"publicationDate":"2024-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142552749","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-10-16DOI: 10.1016/j.jeem.2024.103070
Anca Balietti , Sreeja Jaiswal , Daniel Schäffer
Eco-development seeks to balance economic development with biodiversity conservation, enhancing the effectiveness of protected area management. This paper examines the labor market impacts of eco-development initiatives implemented in the protected areas of the Western Ghats, India, a significant biodiversity hotspot facing intense socio-economic pressures. Our findings show that eco-development has substantially altered labor market outcomes in villages within and surrounding protected areas, resulting in a higher share of non-farm employment. This shift is marked by a reduction in year-round work and an increase in seasonal employment. These effects appear to stem from the specific types of jobs created by eco-development and the changes in land use patterns it promotes, such as a higher proportion of forested land and increased reliance on rainfed agriculture over irrigated farming. Descriptive evidence also suggests that, despite improvements in literacy, the affected villages experience lower consumption levels and higher poverty rates.
{"title":"Labor market impacts of eco-development initiatives in protected areas","authors":"Anca Balietti , Sreeja Jaiswal , Daniel Schäffer","doi":"10.1016/j.jeem.2024.103070","DOIUrl":"10.1016/j.jeem.2024.103070","url":null,"abstract":"<div><div>Eco-development seeks to balance economic development with biodiversity conservation, enhancing the effectiveness of protected area management. This paper examines the labor market impacts of eco-development initiatives implemented in the protected areas of the Western Ghats, India, a significant biodiversity hotspot facing intense socio-economic pressures. Our findings show that eco-development has substantially altered labor market outcomes in villages within and surrounding protected areas, resulting in a higher share of non-farm employment. This shift is marked by a reduction in year-round work and an increase in seasonal employment. These effects appear to stem from the specific types of jobs created by eco-development and the changes in land use patterns it promotes, such as a higher proportion of forested land and increased reliance on rainfed agriculture over irrigated farming. Descriptive evidence also suggests that, despite improvements in literacy, the affected villages experience lower consumption levels and higher poverty rates.</div></div>","PeriodicalId":15763,"journal":{"name":"Journal of Environmental Economics and Management","volume":"128 ","pages":"Article 103070"},"PeriodicalIF":5.5,"publicationDate":"2024-10-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142534663","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-10-04DOI: 10.1016/j.jeem.2024.103069
Min Liu , Pengfei Liu , Kaixing Huang
This study finds that a hybrid property structure, where private ownership and communal ownership coexist, outperforms pure private or pure public ownership in terms of grassland conservation after a grassland tenure reform in China. The tenure reform of privatization replaced public ownership gradually and led to a significant 5.4% increase in grassland quality on average. The grassland quality increase is twice as large for private grassland with additional access to public grassland compared to those without such access. Interestingly, public grassland quality did not decline, indicating sustainable utilization by herders. These findings are consistent with the literature which suggests that a properly structured hybrid ownership arrangement could benefit from the positive effects of grassland privatization while mitigating the negative impacts of natural disasters. We further provide empirical support and show that the gains from public grassland access are substantially larger when there are adverse climatic shocks. Our study provides important policy implications for property rights and sustainable grassland management under more frequent climate events.
{"title":"Combining private and common property management: The impact of a hybrid ownership structure on grassland conservation","authors":"Min Liu , Pengfei Liu , Kaixing Huang","doi":"10.1016/j.jeem.2024.103069","DOIUrl":"10.1016/j.jeem.2024.103069","url":null,"abstract":"<div><div>This study finds that a hybrid property structure, where private ownership and communal ownership coexist, outperforms pure private or pure public ownership in terms of grassland conservation after a grassland tenure reform in China. The tenure reform of privatization replaced public ownership gradually and led to a significant 5.4% increase in grassland quality on average. The grassland quality increase is twice as large for private grassland with additional access to public grassland compared to those without such access. Interestingly, public grassland quality did not decline, indicating sustainable utilization by herders. These findings are consistent with the literature which suggests that a properly structured hybrid ownership arrangement could benefit from the positive effects of grassland privatization while mitigating the negative impacts of natural disasters. We further provide empirical support and show that the gains from public grassland access are substantially larger when there are adverse climatic shocks. Our study provides important policy implications for property rights and sustainable grassland management under more frequent climate events.</div></div>","PeriodicalId":15763,"journal":{"name":"Journal of Environmental Economics and Management","volume":"128 ","pages":"Article 103069"},"PeriodicalIF":5.5,"publicationDate":"2024-10-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142419276","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-10-04DOI: 10.1016/j.jeem.2024.103065
Paul E. Carrillo , Ivette Contreras , Carlos Scartascini
When consumption of water and other utilities is measured collectively for many households and the payment of such services is equally shared among members of the group, individuals may use more than what is socially optimal. In this paper, we evaluate how the installation of individual meters affects water consumption. Using administrative data from the public water utility company in Quito, Ecuador, and an event study approach, it is estimated that water consumption decreases by about 20% as a result of the introduction of individual metering. The effect is large and economically significant: in order to obtain the same effect using the price mechanism in Quito, prices would have to increase by at least 66%. Individual water metering could be a useful tool to curve down consumption in both developing and developed countries.
{"title":"Turn off the faucet: Can individual meters reduce water consumption?","authors":"Paul E. Carrillo , Ivette Contreras , Carlos Scartascini","doi":"10.1016/j.jeem.2024.103065","DOIUrl":"10.1016/j.jeem.2024.103065","url":null,"abstract":"<div><div>When consumption of water and other utilities is measured collectively for many households and the payment of such services is equally shared among members of the group, individuals may use more than what is socially optimal. In this paper, we evaluate how the installation of individual meters affects water consumption. Using administrative data from the public water utility company in Quito, Ecuador, and an event study approach, it is estimated that water consumption decreases by about 20% as a result of the introduction of individual metering. The effect is large and economically significant: in order to obtain the same effect using the price mechanism in Quito, prices would have to increase by at least 66%. Individual water metering could be a useful tool to curve down consumption in both developing and developed countries.</div></div>","PeriodicalId":15763,"journal":{"name":"Journal of Environmental Economics and Management","volume":"128 ","pages":"Article 103065"},"PeriodicalIF":5.5,"publicationDate":"2024-10-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142419278","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-10-04DOI: 10.1016/j.jeem.2024.103066
Pei Li , Yi Lu , Lu Peng , Jin Wang
Information and incentives are pillars of political accountability. We examine their effectiveness in achieving governance under China’s new ambient air quality standards. By exploiting the sequential introduction of pollution information disclosure and environmental performance evaluation, we show that transparency alone is insufficient to induce public monitoring or government responsiveness. But when information provision is combined with performance incentives, local bureaucrats take actions to reduce pollution. The findings suggest that in a top-down hierarchy, when superiors receive accurate environmental information and administer rewards or sanctions based on that information, local governments face greater accountability pressure and respond by improving environmental performance.
{"title":"Information, incentives, and environmental governance: Evidence from China’s ambient air quality standards","authors":"Pei Li , Yi Lu , Lu Peng , Jin Wang","doi":"10.1016/j.jeem.2024.103066","DOIUrl":"10.1016/j.jeem.2024.103066","url":null,"abstract":"<div><div>Information and incentives are pillars of political accountability. We examine their effectiveness in achieving governance under China’s new ambient air quality standards. By exploiting the sequential introduction of pollution information disclosure and environmental performance evaluation, we show that transparency alone is insufficient to induce public monitoring or government responsiveness. But when information provision is combined with performance incentives, local bureaucrats take actions to reduce pollution. The findings suggest that in a top-down hierarchy, when superiors receive accurate environmental information and administer rewards or sanctions based on that information, local governments face greater accountability pressure and respond by improving environmental performance.</div></div>","PeriodicalId":15763,"journal":{"name":"Journal of Environmental Economics and Management","volume":"128 ","pages":"Article 103066"},"PeriodicalIF":5.5,"publicationDate":"2024-10-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142419277","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-09-28DOI: 10.1016/j.jeem.2024.103063
Patrick Bigler , Benedikt Janzen
Adequate sleep is important for a variety of economic outcomes. We study the relationship between ambient temperatures and human sleep using daily district-level data on sleep duration collected by nearly half a million individual consumer wearable sensors in Germany from 2020 to 2022. Our results illustrate a nonlinear relationship between temperature and sleep duration. Average sleep duration decreases at high temperatures and is unaffected by low temperatures. For instance, we find a small but statistically significant reduction in average sleep duration of 2.8% (12 min and 8 s) on a tropical night (when daily minimum temperature exceeds 20 °C) compared to a mid-temperature night. We document corresponding changes in physical activity (number of daily steps) and vital signs (resting heart rate) at high minimum temperatures, which could represent potential mechanisms for the link between temperature and sleep.
{"title":"Too hot to sleep","authors":"Patrick Bigler , Benedikt Janzen","doi":"10.1016/j.jeem.2024.103063","DOIUrl":"10.1016/j.jeem.2024.103063","url":null,"abstract":"<div><div>Adequate sleep is important for a variety of economic outcomes. We study the relationship between ambient temperatures and human sleep using daily district-level data on sleep duration collected by nearly half a million individual consumer wearable sensors in Germany from 2020 to 2022. Our results illustrate a nonlinear relationship between temperature and sleep duration. Average sleep duration decreases at high temperatures and is unaffected by low temperatures. For instance, we find a small but statistically significant reduction in average sleep duration of 2.8% (12 min and 8 s) on a tropical night (when daily minimum temperature exceeds 20 °C) compared to a mid-temperature night. We document corresponding changes in physical activity (number of daily steps) and vital signs (resting heart rate) at high minimum temperatures, which could represent potential mechanisms for the link between temperature and sleep.</div></div>","PeriodicalId":15763,"journal":{"name":"Journal of Environmental Economics and Management","volume":"128 ","pages":"Article 103063"},"PeriodicalIF":5.5,"publicationDate":"2024-09-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142419330","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-09-27DOI: 10.1016/j.jeem.2024.103068
Luran Dong , Corey Lang , Jason Parent
Onshore wind turbine capacity continues to grow and will only accelerate, though siting can be challenging given community opposition. We apply the hedonic valuation method with residential property sales data to assess nearby residents’ willingness to pay to avoid having views of turbines from their property. In doing so, we aim to improve methods of assessing viewshed impacts for turbines and other amenities and disamenities that have a visual component. Our recommended viewshed approach uses a Digital Surface Model (DSM), which accounts for trees and buildings that obstruct views. For comparison, we also create viewsheds based on bare-earth Digital Elevation Model (DEM), which has been more typically used other studies. Using data from New England, USA, we use a difference-in-differences identification strategy with treatment defined by the visibility of a wind turbine, while also controlling for proximity-based treatment effects. The results suggest that property values decline by 2.2%–2.5% when a wind turbine is visible, with larger impacts in urban and coastal areas. DEM methods misclassify viewshed for about 75% of properties, when compared to the DSM-based viewshed, and the resulting DEM-based valuation estimates are attenuated.
陆上风力涡轮机发电量持续增长,而且只会加速增长,但由于社区的反对,选址可能具有挑战性。我们将保值估值法与住宅物业销售数据相结合,评估附近居民为避免从其物业看到涡轮机而付费的意愿。这样做的目的是改进涡轮机和其他具有视觉效果的便利设施和不便利设施的景观影响评估方法。我们推荐的视角方法使用数字地表模型 (DSM),该模型考虑了阻碍视线的树木和建筑物。为了进行比较,我们还根据裸地数字高程模型(DEM)创建了景观区,这种方法在其他研究中更为常用。利用美国新英格兰地区的数据,我们采用了差分识别策略,以风力涡轮机的可见度来定义处理,同时还控制了基于邻近性的处理效应。结果表明,当风力涡轮机可见时,房产价值会下降 2.2%-2.5%,对城市和沿海地区的影响更大。与基于 DSM 的视角相比,DEM 方法对约 75% 的房产进行了错误的视角分类,由此得出的基于 DEM 的估价也有所减弱。
{"title":"Focusing the view: Improved methods for assessing viewshed impacts of onshore wind turbines","authors":"Luran Dong , Corey Lang , Jason Parent","doi":"10.1016/j.jeem.2024.103068","DOIUrl":"10.1016/j.jeem.2024.103068","url":null,"abstract":"<div><div>Onshore wind turbine capacity continues to grow and will only accelerate, though siting can be challenging given community opposition. We apply the hedonic valuation method with residential property sales data to assess nearby residents’ willingness to pay to avoid having views of turbines from their property. In doing so, we aim to improve methods of assessing viewshed impacts for turbines and other amenities and disamenities that have a visual component. Our recommended viewshed approach uses a Digital Surface Model (DSM), which accounts for trees and buildings that obstruct views. For comparison, we also create viewsheds based on bare-earth Digital Elevation Model (DEM), which has been more typically used other studies. Using data from New England, USA, we use a difference-in-differences identification strategy with treatment defined by the visibility of a wind turbine, while also controlling for proximity-based treatment effects. The results suggest that property values decline by 2.2%–2.5% when a wind turbine is visible, with larger impacts in urban and coastal areas. DEM methods misclassify viewshed for about 75% of properties, when compared to the DSM-based viewshed, and the resulting DEM-based valuation estimates are attenuated.</div></div>","PeriodicalId":15763,"journal":{"name":"Journal of Environmental Economics and Management","volume":"128 ","pages":"Article 103068"},"PeriodicalIF":5.5,"publicationDate":"2024-09-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142419329","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-09-26DOI: 10.1016/j.jeem.2024.103067
Austin Burlile, Peter Maniloff
Environmental economists have long debated whether and how to appropriately integrate distributional concerns into cost benefit analysis. Recent White House guidance instructs U.S. government analysts to weight different groups’ costs and benefits according to their incomes. Groups with incomes below the median would have weights above one, while groups with incomes above the median would have weights below one. We explore the impact of this method. We find that the average weight is above one in a policy-relevant setting. In this example, weighting increases the magnitude of monetized costs and benefits. The average weight varies with the unit of analysis and the choice of unit of analysis can change the sign of the net benefits.
{"title":"Equity weighting increases valuations when using real-world data","authors":"Austin Burlile, Peter Maniloff","doi":"10.1016/j.jeem.2024.103067","DOIUrl":"10.1016/j.jeem.2024.103067","url":null,"abstract":"<div><div>Environmental economists have long debated whether and how to appropriately integrate distributional concerns into cost benefit analysis. Recent White House guidance instructs U.S. government analysts to weight different groups’ costs and benefits according to their incomes. Groups with incomes below the median would have weights above one, while groups with incomes above the median would have weights below one. We explore the impact of this method. We find that the average weight is above one in a policy-relevant setting. In this example, weighting increases the magnitude of monetized costs and benefits. The average weight varies with the unit of analysis and the choice of unit of analysis can change the sign of the net benefits.</div></div>","PeriodicalId":15763,"journal":{"name":"Journal of Environmental Economics and Management","volume":"128 ","pages":"Article 103067"},"PeriodicalIF":5.5,"publicationDate":"2024-09-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142327546","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}