Pub Date : 2021-06-02DOI: 10.1146/ANNUREV-RESOURCE-110220-104549
Ellen M. Bruno, Katrina Jessoe
This survey distills recent work on the price elasticity of demand for urban and agricultural water and outlines how it can inform the design of market-based approaches to manage increasingly scarc...
{"title":"Using Price Elasticities of Water Demand to Inform Policy","authors":"Ellen M. Bruno, Katrina Jessoe","doi":"10.1146/ANNUREV-RESOURCE-110220-104549","DOIUrl":"https://doi.org/10.1146/ANNUREV-RESOURCE-110220-104549","url":null,"abstract":"This survey distills recent work on the price elasticity of demand for urban and agricultural water and outlines how it can inform the design of market-based approaches to manage increasingly scarc...","PeriodicalId":48856,"journal":{"name":"Annual Review of Resource Economics","volume":"144 1","pages":""},"PeriodicalIF":5.8,"publicationDate":"2021-06-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"74526601","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-05-14DOI: 10.1146/ANNUREV-RESOURCE-101620-080307
Chen Zhen
In 2010, the White House announced the goal of eradicating food deserts—low-income neighborhoods without nearby supermarkets—in seven years. The efficacy of this initiative is premised on the presu...
{"title":"Food Deserts: Myth or Reality?","authors":"Chen Zhen","doi":"10.1146/ANNUREV-RESOURCE-101620-080307","DOIUrl":"https://doi.org/10.1146/ANNUREV-RESOURCE-101620-080307","url":null,"abstract":"In 2010, the White House announced the goal of eradicating food deserts—low-income neighborhoods without nearby supermarkets—in seven years. The efficacy of this initiative is premised on the presu...","PeriodicalId":48856,"journal":{"name":"Annual Review of Resource Economics","volume":"54 1","pages":""},"PeriodicalIF":5.8,"publicationDate":"2021-05-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"84087860","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2020-12-30DOI: 10.1146/annurev-resource-101620-081246
J. L. Prol, W. Schill
The transformation of the electricity sector is a central element of the transition to a decarbonized economy. Conventional generators powered by fossil fuels have to be replaced by variable renewable energy (VRE) sources in combination with electricity storage and other options for providing temporal flexibility. We discuss the market dynamics of increasing VRE penetration and its integration in the electricity system. We describe the merit-order effect (the decline of wholesale electricity prices as VRE penetration increases) and the cannibalization effect (the decline of VRE value as its penetration increases). We further review the role of electricity storage and other flexibility options for integrating variable renewables and how storage can contribute to mitigating the two mentioned effects. We also use a stylized open-source model to provide some graphical intuition on these issues. While relatively high shares of VRE are achievable with moderate amounts of electricity storage, the role of long-duration storage increases as the VRE share approaches 100%.
{"title":"The Economics of Variable Renewable Energy and Electricity Storage","authors":"J. L. Prol, W. Schill","doi":"10.1146/annurev-resource-101620-081246","DOIUrl":"https://doi.org/10.1146/annurev-resource-101620-081246","url":null,"abstract":"The transformation of the electricity sector is a central element of the transition to a decarbonized economy. Conventional generators powered by fossil fuels have to be replaced by variable renewable energy (VRE) sources in combination with electricity storage and other options for providing temporal flexibility. We discuss the market dynamics of increasing VRE penetration and its integration in the electricity system. We describe the merit-order effect (the decline of wholesale electricity prices as VRE penetration increases) and the cannibalization effect (the decline of VRE value as its penetration increases). We further review the role of electricity storage and other flexibility options for integrating variable renewables and how storage can contribute to mitigating the two mentioned effects. We also use a stylized open-source model to provide some graphical intuition on these issues. While relatively high shares of VRE are achievable with moderate amounts of electricity storage, the role of long-duration storage increases as the VRE share approaches 100%.","PeriodicalId":48856,"journal":{"name":"Annual Review of Resource Economics","volume":"1 1","pages":""},"PeriodicalIF":5.8,"publicationDate":"2020-12-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"89472231","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2020-10-05DOI: 10.1146/annurev-resource-101619-094219
S. Hamilton, Jūra Liaukonytė, T. Richards
Studies examining pricing outcomes in the food retail industry are complicated both by the multiproduct nature of transactions and by the presence of highly concentrated food processing and retailing industries that mediate between relatively competitive farm product markets and the consumer market. In this review, we examine theoretical and empirical evidence for retail pricing and the vertical relationships that have emerged among retailers, food manufacturers, and farmers. We first focus our analysis on consumer behavior in multiproduct retail markets, including consumer search, habit formation, and reference pricing, and then discuss retail market outcomes for price discrimination, price fairness, and price obfuscation. We then turn to relationships between retailers and food manufacturers through bargaining outcomes, market foreclosure, and slotting allowances, and discuss the resulting implications for retail-price pass-through.
{"title":"Pricing Strategies of Food Retailers","authors":"S. Hamilton, Jūra Liaukonytė, T. Richards","doi":"10.1146/annurev-resource-101619-094219","DOIUrl":"https://doi.org/10.1146/annurev-resource-101619-094219","url":null,"abstract":"Studies examining pricing outcomes in the food retail industry are complicated both by the multiproduct nature of transactions and by the presence of highly concentrated food processing and retailing industries that mediate between relatively competitive farm product markets and the consumer market. In this review, we examine theoretical and empirical evidence for retail pricing and the vertical relationships that have emerged among retailers, food manufacturers, and farmers. We first focus our analysis on consumer behavior in multiproduct retail markets, including consumer search, habit formation, and reference pricing, and then discuss retail market outcomes for price discrimination, price fairness, and price obfuscation. We then turn to relationships between retailers and food manufacturers through bargaining outcomes, market foreclosure, and slotting allowances, and discuss the resulting implications for retail-price pass-through.","PeriodicalId":48856,"journal":{"name":"Annual Review of Resource Economics","volume":"2 1","pages":""},"PeriodicalIF":5.8,"publicationDate":"2020-10-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"90532269","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2020-10-05DOI: 10.1146/annurev-resource-100518-093807
Chris M. Boyd, Marc F. Bellemare
Much of neoclassical economics is concerned with prices—more specifically, with relative prices. Similarly, economists have studied behavior in the face of risk and uncertainty for at least a centu...
{"title":"The Microeconomics of Agricultural Price Risk","authors":"Chris M. Boyd, Marc F. Bellemare","doi":"10.1146/annurev-resource-100518-093807","DOIUrl":"https://doi.org/10.1146/annurev-resource-100518-093807","url":null,"abstract":"Much of neoclassical economics is concerned with prices—more specifically, with relative prices. Similarly, economists have studied behavior in the face of risk and uncertainty for at least a centu...","PeriodicalId":48856,"journal":{"name":"Annual Review of Resource Economics","volume":"1 1","pages":"149-169"},"PeriodicalIF":5.8,"publicationDate":"2020-10-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"89964789","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2020-10-05DOI: 10.1146/annurev-resource-111219-042601
Angus Deaton, G. Rausser, D. Zilberman
The Annual Review of Resource Economics presents Professor Sir Angus Deaton in conversation with economist Dr. Gordon Rausser. Dr. Deaton is Senior Scholar and the Dwight D. Eisenhower Professor of...
{"title":"A Conversation with Angus Deaton","authors":"Angus Deaton, G. Rausser, D. Zilberman","doi":"10.1146/annurev-resource-111219-042601","DOIUrl":"https://doi.org/10.1146/annurev-resource-111219-042601","url":null,"abstract":"The Annual Review of Resource Economics presents Professor Sir Angus Deaton in conversation with economist Dr. Gordon Rausser. Dr. Deaton is Senior Scholar and the Dwight D. Eisenhower Professor of...","PeriodicalId":48856,"journal":{"name":"Annual Review of Resource Economics","volume":"8 1","pages":"1-22"},"PeriodicalIF":5.8,"publicationDate":"2020-10-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"84637094","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2020-10-05DOI: 10.1146/annurev-resource-110119-025306
Williams Ali, A. Abdulai, A. Mishra
Despite the significant risks and uncertainties that farmers in developing and emerging countries face in their production process, efforts at encouraging them to adopt agricultural insurance to mi...
尽管发展中国家和新兴国家的农民在生产过程中面临重大风险和不确定性,但鼓励他们采用农业保险的努力……
{"title":"Recent Advances in the Analyses of Demand for Agricultural Insurance in Developing and Emerging Countries","authors":"Williams Ali, A. Abdulai, A. Mishra","doi":"10.1146/annurev-resource-110119-025306","DOIUrl":"https://doi.org/10.1146/annurev-resource-110119-025306","url":null,"abstract":"Despite the significant risks and uncertainties that farmers in developing and emerging countries face in their production process, efforts at encouraging them to adopt agricultural insurance to mi...","PeriodicalId":48856,"journal":{"name":"Annual Review of Resource Economics","volume":"44 1","pages":"411-430"},"PeriodicalIF":5.8,"publicationDate":"2020-10-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"88379731","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2020-10-05DOI: 10.1146/annurev-resource-110419-125230
F. Docquier, Stefanija Veljanoska
From the perspective of sending countries, international migrants are positively selected in terms of schooling, particularly in low-income countries. While emigration affects human capital accumul...
{"title":"Is Emigration Harmful to Those Left Behind?","authors":"F. Docquier, Stefanija Veljanoska","doi":"10.1146/annurev-resource-110419-125230","DOIUrl":"https://doi.org/10.1146/annurev-resource-110419-125230","url":null,"abstract":"From the perspective of sending countries, international migrants are positively selected in terms of schooling, particularly in low-income countries. While emigration affects human capital accumul...","PeriodicalId":48856,"journal":{"name":"Annual Review of Resource Economics","volume":"198 1","pages":"367-388"},"PeriodicalIF":5.8,"publicationDate":"2020-10-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"79999093","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2020-10-05DOI: 10.1146/ANNUREV-RESOURCE-100518-094103
D. Asioli, J. Aschemann‐Witzel, R. Nayga
The past decades have seen the development of a multitude of sustainability-related food labels aimed at reducing the existing information asymmetry between food practitioners and consumers regardi...
{"title":"Sustainability-Related Food Labels","authors":"D. Asioli, J. Aschemann‐Witzel, R. Nayga","doi":"10.1146/ANNUREV-RESOURCE-100518-094103","DOIUrl":"https://doi.org/10.1146/ANNUREV-RESOURCE-100518-094103","url":null,"abstract":"The past decades have seen the development of a multitude of sustainability-related food labels aimed at reducing the existing information asymmetry between food practitioners and consumers regardi...","PeriodicalId":48856,"journal":{"name":"Annual Review of Resource Economics","volume":"61 1","pages":"171-185"},"PeriodicalIF":5.8,"publicationDate":"2020-10-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"86822625","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2020-10-05DOI: 10.1146/annurev-resource-100517-023134
B. Keeler
Cost-benefit analyses have largely failed to demonstrate a positive benefit to cost ratio for programs designed to improve and protect water quality in the United States and European Union. At the ...
在美国和欧盟,成本效益分析在很大程度上未能证明旨在改善和保护水质的项目具有积极的成本效益比。在……
{"title":"Mainstream and Heterodox Approaches to Water Quality Valuation: A Case for Pluralistic Water Policy Analysis","authors":"B. Keeler","doi":"10.1146/annurev-resource-100517-023134","DOIUrl":"https://doi.org/10.1146/annurev-resource-100517-023134","url":null,"abstract":"Cost-benefit analyses have largely failed to demonstrate a positive benefit to cost ratio for programs designed to improve and protect water quality in the United States and European Union. At the ...","PeriodicalId":48856,"journal":{"name":"Annual Review of Resource Economics","volume":"64 1","pages":"235-258"},"PeriodicalIF":5.8,"publicationDate":"2020-10-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"84334737","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}