Publications by Year: 1996

Arrow, Kenneth J, Maureen L Cropper, George C Eads, Robert W Hahn, Lester B Lave, Roger G Noll, Paul R Portney, et al.Benefit-Cost Analysis in Environmental, Health, and Safety Regulation.” Washington, D.C. American Enterprise Institute, The Annapolis Center, and Resources for the Future, 1996. benefit_cost_analysis_in_environmental.aei_.1996.pdf


Stavins, Robert N. “Correlated Uncertainty and Policy Instrument Choice.” Journal of Environmental Economics and Management 30 (1996): 218–232. Publisher's VersionAbstract

For two decades, environmental economists have generally maintained that benefit uncertainty is irrelevant for choosing between price and quantity instruments, but that cost uncertainty matters, with the identity of the efficient instrument depending upon the relative slopes of the marginal benefit and cost functions. But, in the presence of simultaneous, correlated uncertainty, such policy instrument recommendations may be inappropriate. With plausible values of relevant parameters, the conventional identification of a price instrument will be reversed, to favor instead a quantity instrument. The opposite reversal—from the choice of a quantity instrument to a price instrument—seems less likely to occur.



Stavins, Robert N. “Economic Thinking in Environmental Coverage: It's Not Accounting.” The Quill 84 (1996): 31–34. econ_thinking_in_env_coverage.quill_.newsbackgrounder.1996.pdf


Barrett, Scott, Jean-Charles Hourcade, and Robert N Stavins. “Nordic Joint Implementation Negotiations: Evaluation of an Experiment,” 1996. nordic_joint.1997.pdf


Barrett, Scott, P Bohm, B Fisher, M Kuroda, J Mubazi, A Shah, and Robert N Stavins. “Policy Instruments to Combat Climate Change.” In Climate Change 1995: Economic and Social Dimensions of Climate Change, Intergovernmental Panel on Climate Change, Second Assessment Report, Working Group III, Chapter 11. Cambridge, England: Cambridge University Press, 1996. ipcc_ar2_chapter_11.pdf


Stavins, Robert N. “Review of Valuing Climate Change by Samuel Fankhauser.” Journal of Economic Literature 34 (1996): 1999–2000. review_of_valuing_climate_change.pdf


Arrow, Kenneth J, Maureen L Cropper, George C Eads, Robert W Hahn, Lester B Lave, Roger G Noll, Paul R Portney, et al.Is There a Role for Benefit-Cost Analysis in Environmental, Health, and Safety Regulation?New Series 272 (1996): 221–222. Publisher's Version is_there_a_role_for_benefitcost_analysis.pdf