Stavins, Robert N. “Regulating by Vintage: Let's Put a Cork in It.(grandfather Clause on Power Plant Regulation).” The Environmental Forum 22 (2005): 10. column_7.pdf


Jaffe, Adam B, Richard G Newell, and Robert N Stavins. “A Tale of Two Market Failures: Technology and Environmental Policy.” Technological Change and the Environment Technological Change 54 (2005): 164–174. Publisher's VersionAbstract

Market failures associated with environmental pollution interact with market failures associated with the innovation and diffusion of new technologies. These combined market failures provide a strong rationale for a portfolio of public policies that foster emissions reduction as well as the development and adoption of environmentally beneficial technology. Both theory and empirical evidence suggest that the rate and direction of technological advance is influenced by market and regulatory incentives, and can be cost-effectively harnessed through the use of economic-incentive based policy. In the presence of weak or nonexistent environmental policies, investments in the development and diffusion of new environmentally beneficial technologies are very likely to be less than would be socially desirable. Positive knowledge and adoption spillovers and information problems can further weaken innovation incentives. While environmental technology policy is fraught with difficulties, a long-term view suggests a strategy of experimenting with policy approaches and systematically evaluating their success.



Bennear, Lori S, Robert N Stavins, and Alexander F Wagner. “Using Revealed Preferences to Infer Environmental Benefits:Evidence from Recreational Fishing Licenses.” Journal of Regulatory Economics 28 (2005): 157–179. Publisher's VersionAbstract

We develop and apply a new method for estimating the economic benefits of an environmental amenity. The method is based upon the notion of estimating the derived demand for a privately traded option to utilize an open access good. In particular, the demand for state fishing licenses is used to infer the benefits of recreational fishing. Using panel data on state fishing license sales and prices for the continental United States over a 15-year period, combined with data on substitute prices and demographic variables, a license demand function is estimated with instrumental variable procedures to allow for the potential endogeneity of administered prices. The econometric results lead to estimates of the benefits of a fishing license, and subsequently to the expected benefits of a recreational fishing day. In contrast with previous studies, which have utilized travel cost or hypothetical market methods, our approach provides estimates that are directly comparable across geographic areas. Our findings show substantial variation in the value of a recreational fishing day across geographic areas in the United States. This suggests that current practice of using benefits estimates from one part of the country in national or regional analyses may lead to substantial bias in benefits estimates.



Stavins, Robert N. “What Baseball Can Teach Policymakers.” The Environmental Forum 22 (2005): 14. column_9.pdf


Jaffe, Adam B, Richard G Newell, and Robert N Stavins. “Economics of Energy Efficiency.” In Encyclopedia of Energy, edited by Cutler J Cleveland, 2:79–90. Amsterdam: Elsevier, 2004. encyclopedia_of_energy_2004.pdf


Stavins, Robert N. “Environmental Protection and Economic Well-Being: How Does (and How Should) Government Balance These Two Important Values?” In Tackling the Critical Conundrum: How Do Business, Government and Media Balance Economic Growth and a Healthy Environment? edited by John A Riggs, 43–56. Washington, D.C. The Aspen Institute, 2004. aspen_paper_published_jan_2004.pdf


Stavins, Robert N. “Forging A More Effective: Global Climate Treaty.” Environment: Science and Policy for Sustainable Development 46 (2004): 22–30. Publisher's Version environment_magazine_article_on_3-part.pdf


Stavins, Robert N. “Introduction.” In The Political Economy of Environmental Regulation. Cheltenham, UK; Northampton, Mass: Edward Elgar Publishing, Inc. 2004. introduction_to_political_economy_of_environmental_regulation.pdf


Stavins, Robert N. “The Myth of Simple Market Solutions.” The Environmental Forum 21 (2004): 12. column_2.pdf


Stavins, Robert N. “The Myth of the Universal Market.” The Environmental Forum 21 (2004): 12. column_1.pdf


Stavins, Robert N. “The Myths of Market Prices and Efficiency.” The Environmental Forum 21 (2004): 12. column_3.pdf


The Political Economy of Environmental Regulation
Stavins, Robert N. The Political Economy of Environmental Regulation. Northampton, Massachusetts: Edward Elgar Publishing, Inc. 2004.


Stavins, Robert N. “A Tale of Two Taxes, A Challenge to Hill.” The Environmental Forum 21 (2004): 12. column_4.pdf


Jaffe, Adam B, Richard G Newell, and Robert N Stavins. “Technology Policy for Energy and the Environment.” In Innovation Policy and the Economy, edited by Adam B Jaffe, Josh Lerner, and Scott Stern, 4:35–68. Cambridge, Massachusetts: The MIT Press for the National Bureau of Economic Research, 2004. technology_policy_for_energy_and_environment.pdf


Stavins, Robert N, and Judson Jaffe. “The Value of Formal Quantitative Assessment of Uncertainty in Regulatory Analysis.” Washington, D.C. AEI-Brookings Joint Center for Regulatory Studies, 2004. jaffe_stavins_monte_carlo.pdf


Newell, Richard G, and Robert N Stavins. “Cost Heterogeneity and the Potential Savings from Market-Based Policies.” Journal of Regulatory Economics 23 (2003): 43–59. Publisher's VersionAbstract

Policy makers and analysts are often faced with situations where it is unclear whether market-based instruments hold real promise of reducing costs, relative to conventional uniform standards. We develop analytic expressions that can be employed with modest amounts of information to estimate the potential cost savings associated with market-based policies, with an application to the environmental policy realm. These simple formulae can identify instruments that merit more detailed investigation. We illustrate the use of these results with an application to nitrogen oxides control by electric utilities in the United States.



Snyder, Lori D, Nolan H Miller, and Robert N Stavins. “The Effects of Environmental Regulation on Technology Diffusion: The Case of Chlorine Manufacturing.” The American Economic Review 93 (2003): 431–435. Publisher's Version


Hahn, Robert W, Sheila M Olmstead, and Robert N Stavins. “Environmental Regulation in the 1990s: A Retrospective Analysis.” Harvard Environmental Law Review 27 (2003): 377–415. Publisher's Version hahn-olmstead-stavins_paper.pdf


Stavins, Robert N. “Experience with Market-Based Environmental Policy Instruments.” In Handbook of Environmental Economics, edited by Karl-Göran Mäler and Jeffrey Vincent, I:355–435. Amsterdam, Netherlands: Elsevier Science, 2003. handbook_chapter_on_mbi.pdf


Barrett, Scott, and Robert N Stavins. “Increasing Participation and Compliance in International Climate Change Agreements.” International Environmental Agreements: Politics, Law and Economics 3 (2003): 349–376. barrett_and_stavins_2003.pdf