Publications

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

B-4

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

D-32

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

C-20

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

D-31

2003
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.

jregecon_cost_heterogeneity.pdf

A-34

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

A-36

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

A-37

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

C-18

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

A-39

Stavins, Robert N, Alexander F Wagner, and Gernot Wagner. “Interpreting Sustainability in Economic Terms: Dynamic Efficiency Plus Intergenerational Equity.” Economics Letters 79 (2003): 339–343. Publisher's VersionAbstract

Economists have confined the concept of ‘sustainability’ to intertemporal distributional equity. We propose a broader definition, combining dynamic efficiency and intergenerational equity, and relate it to two concepts from neoclassical economics: potential Pareto-improvements and inter-personal compensation.

sustainability_paper_in_econ_let.pdf

A-35

Stavins, Robert N. “Taking Fish to Market.” Forbes (2003): 40. Publisher's Version op-ed_in_forbes_on_fisheries_april_28_2003.pdf

D-27

Jaffe, Adam B, Richard G Newell, and Robert N Stavins. “Technological Change and the Environment.” In Handbook of Environmental Economics, Vol. 1, edited by K-G Mäler and JR Vincent, 1:461–516. Amsterdam and Boston: Elsevier Science B.V. 2003.Abstract

Environmental policy discussions increasingly focus on issues related to technological change. This is partly because the environmental consequences of social activity are frequently affected by the rate and direction of technological change, and partly because environmental policy interventions can themselves create constraints and incentives that have significant effects on the path of technological progress. This chapter summarizes current thinking on technological change in the broader economics literature, surveys the growing economic literature on the interaction between technology and the environment, and explores the normative implications of these analyses. We begin with a brief overview of the economics of technological change, and then examine theory and empirical evidence on invention, innovation, and diffusion and the related literature on the effects of environmental policy on the creation of new, environmentally friendly technology. We conclude with suggestions for further research on technological change and the environment.

technological_change_and_the_environment_handbook_chapter.pdf

C-19

Aldy, Joseph E, Scott Barrett, and Robert N Stavins. “Thirteen Plus One: A Comparison of Global Climate Policy Architectures.” Climate Policy 3 (2003): 373–397.Abstract

We critically review the Kyoto Protocol and thirteen alternative policy architectures for addressing the threat of global climate change. We employ six criteria to evaluate the policy proposals: environmental outcome, dynamic efficiency, cost-effectiveness, equity, flexibility in the presence of new information, and incentives for participation and compliance. The Kyoto Protocol does not fare well on a number of criteria, but none of the alternative proposals fare well along all six dimensions. We identify several major themes among the alternative proposals: Kyoto is “too little, too fast”; developing countries (DCs) should play a more substantial role and receive incentives to participate; implementation should focus on market-based approaches, especially those with price mechanisms; and participation and compliance incentives are inadequately addressed by most proposals. Our investigation reveals tensions among several of the evaluative criteria, such as between environmental outcome and efficiency, and between cost-effectiveness and incentives for participation and compliance.

thirteen_plus_one_article.pdf

A-38

2002
Stavins, Robert N. “Affordability Criteria for Small Drinking Water Systems.” Washington, D.C. U.S. Environmental Protection Agency Science Advisory Board, 2002. sab_report_on_affordability.pdf

E-10

Stavins, Robert N. “A Better Way to Regulate Fishing.” The Boston Globe (2002). op-ed_on_itqs_in_boston_globe_dec_2_2002.pdf

D-26

Stavins, Robert N. “Brayton Point Power Plant: Weigh Costs to Benefit.” Boston Business Journal (2002). Publisher's Version boston_business_journal.june22.2002.op-ed.pdf

D-24

Goulder, Lawrence H, and Robert N Stavins. “Discounting: An eye on the future.” Nature 419 (2002): 673–674. Publisher's VersionAbstract

Nature is the international weekly journal of science: a magazine style journal that publishes full-length research papers in all disciplines of science, as well as News and Views, reviews, news, features, commentaries, web focuses and more, covering all branches of science and how science impacts upon all aspects of society and life.

an_eye_on_the_future_nature.pdf

A-32

Plantinga, Andrew J, Ruben N Lubowski, and Robert N Stavins. “The Effects of Potential Land Development on Agricultural Land Prices.” Journal of Urban Economics 52 (2002): 561–581. Publisher's VersionAbstract

We conduct a national-scale analysis of the determinants of agricultural land values. The theoretical basis for the study is a spatial city model with stochastic returns to future land development. The empirical model of agricultural land prices is estimated with a cross-section on approximately three thousand counties in the contiguous US. The results provide evidence that option values associated with irreversible and uncertain land development are capitalized into current farmland values. For each county, we decompose the current agricultural land value into components measuring rents from agricultural production and rents from future land development.

journal_of_urban_economics_2002.pdf

A-33

Jaffe, Adam B, Richard G Newell, and Robert N Stavins. “Environmental Policy and Technological Change.” Environmental and Resource Economics 22 (2002): 41–70. Publisher's VersionAbstract

The relationship between technological changeand environmental policy has receivedincreasing attention from scholars and policymakers alike over the past ten years. This ispartly because the environmental impacts ofsocial activity are significantly affected bytechnological change, and partly becauseenvironmental policy interventions themselvescreate new constraints and incentives thataffect the process of technologicaldevelopments. Our central purpose in thisarticle is to provide environmental economistswith a useful guide to research ontechnological change and the analytical toolsthat can be used to explore further theinteraction between technology and theenvironment. In Part 1 of the article, weprovide an overview of analytical frameworksfor investigating the economics oftechnological change, highlighting key issuesfor the researcher. In Part 2, we turn ourattention to theoretical analysis of theeffects of environmental policy ontechnological change, and in Part 3, we focuson issues related to the empirical analysis oftechnology innovation and diffusion. Finally,we conclude in Part 4 with some additionalsuggestions for research.

ere_paper_2002.pdf

A-31

Stavins, Robert N. “Importance of Maintaining the Annual Pollution Abatement Cost and Expenditures (PACE) Survey.” Washington, D.C. U.S. Environmental Protection Agency Science Advisory Board, 2002. sab_report_on_pace_2.pdf

E-9

Pages