DOCSLIB.ORG

Property Rights and Environmental Resources

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Property Rights and Environmental Resources |-e;'s-IJI;1|-L -~ - -; - I- ^ ~~~~~14 13 1 Public Disclosure Authorized PROPERTYRIGHTS ANDTHE ENVIRONMENT Public Disclosure Authorized SOCIALAND ECOLOGICAL ISSUES Public Disclosure Authorized Editedby SusanHanna and MohanMunasinghe Public Disclosure Authorized The BeijerInternational Institute of EcologicalEconomics v and The World Bank r< r:-Y- Property Rights and the Environment Social and Ecological Issues Edited by Susan Hanna and Mohan Munasinghe Beijer International Institute of Ecological Economics and The World Bank Copyright © 1995 The International Bank for Reconstruction and Development/The World Bank 1818 H Street, N.W. Washington, D.C. 20433U.S.A. This publication may be reproduced in whole or in part and in any form for educational or nonprofit uses, without special permission from the copyright holder, provided acknowledgment of the source is made. Copies may be sent to the Environment Department, The World Bank, 1818H Street N.W., Washington, D.C. 20433,U.S.A. and to the Beijer International Institute of EcologicalEconomics, the Royal Swedish Academy of Sciences, P. 0. Box 50005,S-10405, Stockholm, Sweden. No use of this publication may be made for resale or other commercial purpose without the prior written permission of the copyright holders. The designations of geographical entities in this book, and the presentation of materials, do not imply the expression of any opinion whatsoever on the part of the World Bank or the Beijer Institute concerning the legal status of any country, territory, or area, or of its authorities, or concerning the delimitation of its frontiers or boundaries. The interpretations and conclusions in this report are those of the authors and do not necessarily represent the views of the World Bank or the Beijer Institute. ISBN0-8213-3415-8 CONTENTS Foreword ............................................ v About the Contributors ............................................... vii Introduction ............................................... 1 1. An Introduction to Property Rights and the Environment ...................... 3 Susan Hanna and Mohan Munasinghe Overview .............................................. 13 2. Property Rights and Environmental Resources ............................. 15 Susan Hanna, Carl Folke, and Karl-Goran Maler Governance .............................................. 31 3. Designing Complexity to Govern Complexity .33 Elinor Ostrom 4. Distributed Governance in Fisheries .47 Ralph E. Townsend and Samuel G. Pooley 5. Efficiencies of User Participation in Natural Resource Management .59 Susan Hanna 6. The Management of Transboundary Resources and Property Rights Systems: The Case of Fisheries ........................ 69 Veijo T. Kaitala and Gordon R. Munro Equity and Stewardship .................................................. 85 7. Building Equity, Stewardship, and Resilience into Market-Based Property Rights Systems ............................... 87 Michael D. Young and Bonnie J. McCay Traditional Knowledge ................................................ 103 8. Analysis of Earth Summit Prescriptions on Incorporating Traditional Knowledge in Natural Resource Management ................... 105 Biliana Cicin-Sain and Robert W. Knecht Linking Mechanisms ................................................ 119 9. Mechanisms that Link Property Rights to Ecological Systems ................ 121 Carl Folke and Fikret Berkes iii iv PROPERTY RIGHTS ANDTHE ENVIRONMENT Poverty and Population ................. 139 10. Poverty, Population, and the Environment ............................... 141 Partha Dasgupta FOREWORD Institutions are the rules of the game in a society or, more formally, are the humanly devised constraints that shape human interaction. In consequence they structure incentives in human exchange, whether political, social, or economic. Institutional change shapes the way societies evolve through time and hence is the key to understanding historical change. Douglas North, Nobel Prize Laureate 1993 in Institutions, Institutional Change and Economic Performance Cambridge University Press, 1990 When analyzing environmental problems, economists have traditionally searched for ways of extending the rules of social cost-benefit analysis so as to include the environmental side effects associated with investment projects. This they have done by estimating the "economic" value of side effects. Such side effects are often called "externalities" in the economics literature. Economists have also studied the efficacy of various policy instruments-such as the taxation of resource use or the use of tradeable permits for environmental pollution-for directing economic activity in decentralized economic environments. Recently economists have inquired into the environmental side effects of macroeconomic policies.' However, a more fundamental question, concerning the nature of the institutions of society that shape the use of environmental resources, has only recently begun to be studied. One such program of research, conducted at the Beijer International Institute of Ecological Economics, on the ecology and economics of biodiversity loss, explored the notion that a significant cause of much biodiversity loss lies in inadequate institutions, in particular, ill- defined property rights.2 It was a natural next step for the Institute to launch a more general program of research on property rights and environmental resources. Towards this end, the Institute was fortunate to receive generous economic support from the MacArthur Foundation in Chicago. Subsequently, this support was augmented by the World Bank's Vice Presidency on Environmentally Sustainable Development. This enabled the two institutions to work together in what we believe to be a vital area of concern. We are particularly grateful to Professor Susan Hanna of Oregon State University (also Director of the Property Rights Programme at the Beijer Institute), and to Dr. Mohan Munasinghe of the Environment Department of the World Bank (also Fellow of the Beijer Institute) for the able manner in which they have developed the joint program of activities and produced these two volumes. Muqh remains to be done on the design of institutions that would improve upon the current patterns of use of environmental resources. For example, we need to better understand the relationship between various property rights regimes and the speed and direction of technological change because the use of environmental resources is greatly shaped by the technologies in operation. Future programs, both at the Beijer Institute and the World Bank, will hopefully address these issues. I. See M. Munasinghe and W. Cruz, Economywide Policies and the Environment (Washington, D.C.: World Bank, 1994). 2. For an overview of this research program, see the special issue of Ambio 1993, and E. Barbier, J. Burgess, and C. Folke, Paradise Lost (London: Earthscan, 1994). v Vi PROPERTYRIGHTS AND THE ENVIRONMENT The subject of property rights covers a wide field, as reflected in these volumes. The relevance of property rights for any study of environmental problems should be self-evident. Nevertheless, the bulk of the efforts that have been made to date for improving the state of the environment in developing countries has been devoted to a support of appropriate investment projects. It is time to place more emphasis on aid that is directed at improving the institutional framework within which resources are used. Indeed, institutional reforms that are aimed at a better management and use of environmental resources should now complement those reforms that are usually called structural adjustment programs. These two volumes should be read with this background in mind. Ismail Serageldin Partha Dasgupta Karl-Goran Maler Vice President Chairman of the Board Director Environmentally Sustainable Beijer International Institute Beijer International Institute Development of Ecological Economics of Ecological Economics The World Bank Stockholm Stockholm Washington, D.C. ABOUT THE CONTRIBUTORS Fikret Berkes is Professor and Director of the Institute of Ecological Economics, the Royal Natural Resources Institute, University of Mani- Swedish Academy of Sciences. Her research toba. His research interests include common areas are fishery economics, natural resource property resources, applied ecology, and ecolog- management, economics of common property ical economics. He has been fascinated for a resources, and the economic history of marine long time with the interface between natural resource use. systems and social systems, and reports in this volume on a research project that spans over VeiJoT. Kaitala is a Senior Research Fellow of twenty years in the James Bay area of Canada. the Academy of Finland at the Systems Analysis Laboratory of the Helsinki Institute of Technol- Biliana Cicin-Sain is Professor and Co-Director ogy. His fields of interest are environmental of the Center for the Study of Marine Policy at economics, environmental and ecological sys- the University of Delaware, and Co-Editor-in- tems analysis, and modeling. He has studied Chief of the international journal Ocean and dynamic game theory models of international Coastal Management. She has written exten- negotiations on resource management and the sively on a wide range of marine policy studies, environment since the early 1980s. including fisheries management, marine mam- mal management, offshore oil development, Robert W. Knecht is Professor and Co-Director multiple use conflicts, and international marine
Load more

Recommended publications
  • Democracy's Value
    Democracy's Value Edited by Ian Shapiro and Casiano Hacker-CordoÂn published by the press syndicate of the university of cambridge The Pitt Building, Trumpington Street, Cambridge, United Kingdom cambridge university press The Edinburgh Building, Cambridge, CB2 2RU, UK http://www.cup.cam.ac.uk 40 West 20th Street, New York, NY 10011±4211, USA http://www.cup.org 10 Stamford Road, Oakleigh, Melbourne 3166, Australia # Cambridge University Press 1999 This book is in copyright. Subject to statutory exception and to the provisions of relevant collective licensing agreements, no reproduction of any part may take place without the written permission of Cambridge University Press. First published 1999 Printed in the United Kingdom at the University Press, Cambridge Typeset in 10/12pt Plantin [ce] A catalogue record for this book is available from the British Library ISBN 0 521 64357 0 hardback ISBN 0 521 64388 0 paperback Contents List of contributors page xi Preface xiii 1. Promises and disappointments: reconsidering democracy's value 1 ian shapiro and casiano hacker-cordOÂ n Part I: Minimal democracy 21 2. Minimalist conception of democracy: a defense 23 adam przeworski 3. Does democracy engender justice? 56 john e. roemer 4. Democracy and other goods 69 partha dasgupta and eric maskin Part II: Beyond minimalism 91 5. Democracy and development: a complex relationship 93 pranab bardhan 6. Death and taxes: extractive equality and the development of democratic institutions 112 margaret levi 7. Democracy and development? 132 john dunn 8. State, civil society, and social justice 141 iris marion young 9. Republican freedom and contestatory democratization 163 philip pettit ix x Contents 10.
    [Show full text]
  • Four Propositions About Property Rights and Environmental Protection*
    COLE_FINAL_PAGEPROOF2 09/13/00 8:56 AM View metadata, citation and similar papers at core.ac.uk brought to you by CORE provided by Duke Law Scholarship Repository CLEARING THE AIR: FOUR PROPOSITIONS ABOUT PROPERTY RIGHTS AND ENVIRONMENTAL PROTECTION* DANIEL H. COLE** INTRODUCTION Privatization is sweeping the globe.1 Since the Reagan-Thatcher revolution of the 1980s, governments around the world have been selling off public assets to private owners in order to improve effi- ciency and increase production. Between 1985 and 1994, $468 billion worth of state enterprises were sold off to private investors.2 But pri- vatization so far has been limited to state enterprises. Governments have not, with a few notable and highly controversial exceptions,3 be- * This article combines and elaborates on ideas developed in two previous works: Daniel H. Cole, Property Rights on Environmental Goods, in 1 ENCYCLOPEDIA OF LAW AND ECONOMICS (Boudewijn Bouckaert & Gerrit de Geest eds., forthcoming Sept. 2000); and DANIEL H. COLE, INSTITUTING ENVIRONMENTAL PROTECTION: FROM RED TO GREEN IN POLAND (1998). ** M. Dale Palmer Professor of Law, Indiana University School of Law—Indianapolis. J.S.D., Stanford Law School; J.D., Northwestern School of Law, Lewis & Clark College; A.M., University of Chicago; A.B., Occidental College. Please direct questions or comments to [email protected]. This article is also available at <http://www.law.duke.edu/journals/10DELPFCole>. 1. The term “privatization,” as used throughout the law and economics literature, encom- passes a wide variety of activities by which some public entity conveys property rights to some private entity or entities—everything from outright giveaways or sales of public lands to the granting of licenses or concessions under which private firms finance, construct, or manage ho- tels, airports, wastewater treatment plants, highways, prisons, and schools.
    [Show full text]
  • J. Wesley Burnett
    J. WESLEY BURNETT Economics Department College of Charleston 5 Liberty Street Beatty Center, Suite 413 Charleston, SC 20401 843.953.0752 [email protected] RESEARCH INTERESTS Energy and Environmental Economics, Applied Microeconomics, Energy Policy, Resource Economics, Regional Economics, Panel Data Econometrics, Spatial Econometrics, Land-Use Change EDUCATION University of Georgia, Athens, GA PhD 2011 University of Georgia, Athens, GA MA 2007 College of Charleston, Magna Cum Laude, Charleston, SC BA 1999 ACADEMIC EMPLOYMENT 2014—Present. Assistant Professor, Economics Department, College of Charleston, Charleston, SC 2011—2014. Assistant Professor, Agricultural and Resource Economics, West Virginia University, Morgantown, WV 2006—2011. Teaching/Research Assistant, University of Georgia, Department of Agricultural and Applied Economics, Athens, GA 2007—2008. President, Graduate Student Association, University of Georgia, Athens, GA TEACHING EXPERIENCE Undergraduate Courses • ECON 200 Principles of Microeconomics, 3 CR • ARE 187 Energy Resource Economics, 3 CR • ARE 445 Energy Economics, 3 CR • AAEC 499 Special Topics in Agricultural and Applied Economics, 3 CR Graduate Courses • EVSS 601 Economic Theory for Policy Analysis, 3 CR • ARE 693S Advanced Energy Economics, 3 CR • ARE 703 Advanced Natural Resource Economic Theory, 3 CR HONORS AND AWARDS • Ralph E. Powe Jr. Faculty Enhancement Award (2013) • Southern Economics Association Invited Graduate Student Award (2010) • Outstanding PhD Student, Department of Agricultural and Applied Economics, University of Georgia (2010) 1 • Outstanding PhD Paper, Department of Agricultural and Applied Economics, University of Georgia (2010) • Outstanding PhD Student, Department of Agricultural and Applied Economics, University of Georgia (2011) • Outstanding PhD Paper, Department of Agricultural and Applied Economics, University of Georgia (2011) • Who’s Who Among Students in American Universities and Colleges (2011) PROFESSIONAL AFFILIATIONS U.S.
    [Show full text]
  • Capitalism and Social Democracy, by Adam Przeworski (Cambridge University Press, 1986)
    The African e-Journals Project has digitized full text of articles of eleven social science and humanities journals. This item is from the digital archive maintained by Michigan State University Library. Find more at: http://digital.lib.msu.edu/projects/africanjournals/ Available through a partnership with Scroll down to read the article. DEKADT REVIEW ARTICLE Review of: Capitalism and Social Democracy, by Adam Przeworski (Cambridge University Press, 1986). Raphael de Kadt This brilliant study by Adam Przeworski must surely become mandatory reading not only for anyone who takes his or her socialist commitments seriously but also for anyone who wishes adequately to understand the relationship between class and electoral politics in the countries of advanced capitalism. The principal burden of Przeworski's intricate and multifaceted analysis of the dilemmas facing social democratic parties in the twentieth century is to show that the decision to participate in electoral politics necessarily constrains the capacity of such parties to effect, through command of the parliamentary system, a transition to socialism. This incapacity turns on the pivotal fact that nowhere (with the possible brief exception of Belgium in 1912) has the industrial working class constituted a majority of the population. In the countries of Western Europe, for example, 'from 1890 to 1980 the proletariat continued to be a minority of the population' (p23). The implications of this fact for parliamentary socialism have been profound, for the essence of the parliamentary system is that, in order to govern, parties must be able to claim representation of an effective majority of the population. Given the minority status of the industrial working class, those parties claiming to represent it have been forced into securing alliances with other classes - and white collar workers, petite bourgeois, students and retirees have all been targeted as potential allies in the socialist cause.
    [Show full text]
  • Energy Economics
    ENERGY ECONOMICS AUTHOR INFORMATION PACK TABLE OF CONTENTS XXX . • Description p.1 • Audience p.2 • Impact Factor p.2 • Abstracting and Indexing p.2 • Editorial Board p.2 • Guide for Authors p.4 ISSN: 0140-9883 DESCRIPTION . Energy Economics is the premier field journal for energy economics and energy finance. Themes include, but are not limited to, the exploitation, conversion and use of energy, markets for energy commodities and derivatives, regulation and taxation, forecasting, environment and climate, international trade, development, and monetary policy. Contributions to the journal can use a range of methods, if appropriately and rigorously applied, including but not limited to experiments, surveys, econometrics, decomposition, simulation models, equilibrium models, optimization models, and analytical models. Submitted papers must be replicable. Submitted papers are typically pre-reviewed by the editor-in- chief and the handling editor. Papers generally need two or more positive review reports to be invited for a revise-and-resubmit. Replication policy Energy Economics publishes an eclectic mix of papers using a wide variety of methods to shed light on a range of topics. Our replication policy reflects this, and is applied in spirit rather than to the letter. We encourage the submission of replication studies. Replication studies should reproduce the key results of the original study, replicate them and extend them in a substantive way, while explaining the differences. For econometric papers, authors should provide program(s) and data set(s), plus a readme file on how to replicate each table, graph and other result. Ideally, there will be one command to reproduce the entire paper.
    [Show full text]
  • Heather Stephens
    HEATHER M. STEPHENS Associate Professor, Resource Economics and Management West Virginia University P.O. Box 6108, Morgantown, WV 26506 Email: [email protected] Phone: +1 605 488 0099 ACADEMIC APPOINTMENTS West Virginia University (WVU): Associate Professor, Resource Economics and Management, 2020 – Present Faculty Research Associate, Regional Research Institute (RRI), 2020 – Present Assistant Professor, Resource Economics and Management, 2015 – 2020 California State University, Long Beach (CSULB): Assistant Professor, Department of Economics, 2012 – 2015 Director, Office of Economic Research (OER), 2012 – 2015 EDUCATION Ph.D., Agricultural, Environmental and Development (AED) Economics, The Ohio State University, Columbus, OH, 2012. - Dissertation Title: “Three Essays in Regional Economics.” - Department of AED Economics graduate student and Ph.D. candidate, 2008–2012. - Member of the Gamma Sigma Delta Honor Society. - Completed microeconomics, macroeconomics, and econometrics sequences in the Department of Economics. M.B.A., Finance and Marketing, The Ohio State University, Fisher College of Business, Columbus, OH, 2000. − Graduated in top 5% of Class. − Member of the Beta Gamma Sigma Honor Society and the Fisher College Pace Setters. − Financed by the Moritz Family MBA Fund Scholarship, the W. Arthur Cullman MBA Fellowship for Excellence in Marketing, and a Fisher College Graduate Assistantship. B.A., Public Policy Studies and Economics, Duke University, Durham, NC, 1994. − Graduated with Honors: Cum Laude. − Studied at London School of Economics, Spring Semester 1993. RESEARCH Refereed Journal Publications Keeler, Zachary (PhD candidate) and Heather M. Stephens. 2020. “Valuing Shale Development in Resource-Dependent Communities.” Resources Policy 69: 101821. DOI: 10.1016/j.resourpol.2020.101821 Barrett, Craig F., Joshua Lambert, Mathilda V. Santee, Brandon T.
    [Show full text]
  • Econometric Studies on the Development of Renewable Energy Sources to Support the European Union 2020–2030 Climate and Energy Framework: a Critical Appraisal
    sustainability Review Econometric Studies on the Development of Renewable Energy Sources to Support the European Union 2020–2030 Climate and Energy Framework: A Critical Appraisal Consolación Quintana-Rojo, Fernando-Evaristo Callejas-Albiñana, Miguel-Ángel Tarancón * and Isabel Martínez-Rodríguez Seminar on Sustainable Economy, Faculty of Law and Social Sciences, University of Castilla—La Mancha, Ronda de Toledo s/n., 13071 Ciudad Real, Spain; [email protected] (C.Q.-R.); [email protected] (F.-E.C.-A.); [email protected] (I.M.-R.) * Correspondence: [email protected] Received: 8 March 2020; Accepted: 3 June 2020; Published: 12 June 2020 Abstract: One of the key objectives of the European Union is the transition to a total decarbonization of the economy by 2050. Within this strategic framework, the renewable energy development target plays a key role. This renewable energy deployment must be translated into national and European Union realities through specific political decisions. The econometric analysis techniques have the capacity to represent, in a mathematical and objective way, the system of relations comprising the economic, technical, and political factors that contribute to the deployment of renewable energy, and the impact that such an investment in renewable energy has at an economic, environmental, and social level. Therefore, econometric studies have a high potential to support policymakers who have to translate the guidelines of the strategic plan for renewable energy deployment into concrete policies. This article analyzed the capacity of the econometric literature on renewable energy development to provide this support, by means of a bibliometric study carried out on a sample of 153 documents related to 1329 keywords.
    [Show full text]
  • Roger Fouquet Curriculum Vitae September 2014
    Roger Fouquet Curriculum Vitae September 2014 22 Elthorne Park Road Tel: +917.549.6798 London W6 2JA Email: [email protected] http://www.lse.ac.uk/GranthamInstitute/profile/roger-fouquet/ DATE OF BIRTH: 6 August 1969 CITIZENSHIP: Dual Nationality UK/USA CURRENT POSITION: Principal Research Fellow Grantham Research Institute on Climate Change and the Environment, London School of Economics and Political Science, London, United Kingdom PAST POSITIONS: 2009-2013: Ikerbasque Research Professor, Basque Centre for Climate Change (BC3), Bilbao, Spain 2005-2008: Senior Lecturer, School of Economics, Faculty of Business and Economics, University of the South Pacific, Suva, Fiji 2003-2005: Research Fellow/Lecturer, Department of Environmental Science & Technology, Imperial College London, London, UK 1995-2003: Research Associate, Department of Environmental Science & Technology, Imperial College London, London, UK 1993-1996 Research Fellow, Surrey Energy Economics Centre, (S.E.E.C.), Department of Economics, University of Surrey, Guildford, UK 1992: Research Assistant, Roben Institute of Health and Safety, University of Surrey, Guildford, UK EDUCATION: 1997: PhD Economics, University of Surrey, UK 1991: MSc Energy Economics, University of Surrey, UK 1990: BA Economics with Mathematics, University of Sussex, UK AWARDS: 2010: Choice Magazine Outstanding Academic Title in 2009 for Heat, Power and Light 2006: IAEE Campbell Watkins Award for Best Paper in The Energy Journal 2006 1996: BIEE/Financial Times Andrew Holmes Memorial Award SECONDMENTS: 2001: Strategy Team, The Carbon Trust, London, UK 1994: Environment and Industry Branch, Department of Trade and Industry (DTI), London, UK VISITING APPOINTMENTS: 2012-: Visiting Senior Fellow, Grantham Research Institute on Climate Change, London School of Economics, UK 2012-: Visiting Professor, Barcelona Graduate School of Economics, Barcelona, Spain 2005-: Honorary Research Fellow, Centre for Environmental Policy, Imperial College London.
    [Show full text]
  • Adam Przeworski: Capitalism, Democracy and Science
    ADAM PRZEWORSKI: CAPITALISM, DEMOCRACY AND SCIENCE Interview with Adam Przeworski conducted and edited by Gerardo L. Munck February 24, 2003, New York, New York Prepared for inclusion in Gerardo L. Munck and Richard Snyder, Passion, Craft, and Method in Comparative Politics. Training and Intellectual Formation: From Poland to the United States Q: How did you first get interested in studying politics? What impact did growing up in Poland have on your view of politics? A: Given that I was born in May of 1940, nine months after the Germans had invaded and occupied Poland, any political event, even a minor one, was immediately interpreted in terms of its consequences for one’s private life. All the news was about the war. I remember my family listening to clandestine radio broadcasts from the BBC when I was three or four years old. After the war, there was a period of uncertainty, and then the Soviet Union basically took over. Again, any rumbling in the Soviet Union, any conflict between the Soviet Union and the United States, was immediately seen in terms of its consequences for our life. It was like this for me until I first left for the US in 1961, right after the Berlin Wall went up. One’s everyday life was permeated with international, macro-political events. Everything was political. But I never thought of studying politics. For one thing, in Europe at that time there really was no political science. What we had was a German and Central European tradition that was called, translating from German, “theory of the state and law.” This included Carl Schmitt and Hans Kelsen, the kind of stuff that was taught normally at law schools.
    [Show full text]
  • Area13 ‐ Riviste Di Classe A
    Area13 ‐ Riviste di classe A SETTORE CONCORSUALE / TITOLO 13/A1‐A2‐A3‐A4‐A5 ACADEMY OF MANAGEMENT ANNALS ACADEMY OF MANAGEMENT JOURNAL ACADEMY OF MANAGEMENT LEARNING & EDUCATION ACADEMY OF MANAGEMENT PERSPECTIVES ACADEMY OF MANAGEMENT REVIEW ACCOUNTING REVIEW ACCOUNTING, AUDITING & ACCOUNTABILITY JOURNAL ACCOUNTING, ORGANIZATIONS AND SOCIETY ADMINISTRATIVE SCIENCE QUARTERLY ADVANCES IN APPLIED PROBABILITY AGEING AND SOCIETY AMERICAN ECONOMIC JOURNAL. APPLIED ECONOMICS AMERICAN ECONOMIC JOURNAL. ECONOMIC POLICY AMERICAN ECONOMIC JOURNAL: MACROECONOMICS AMERICAN ECONOMIC JOURNAL: MICROECONOMICS AMERICAN JOURNAL OF AGRICULTURAL ECONOMICS AMERICAN POLITICAL SCIENCE REVIEW AMERICAN REVIEW OF PUBLIC ADMINISTRATION ANNALES DE L'INSTITUT HENRI POINCARE‐PROBABILITES ET STATISTIQUES ANNALS OF PROBABILITY ANNALS OF STATISTICS ANNALS OF TOURISM RESEARCH ANNU. REV. FINANC. ECON. APPLIED FINANCIAL ECONOMICS APPLIED PSYCHOLOGICAL MEASUREMENT ASIA PACIFIC JOURNAL OF MANAGEMENT AUDITING BAYESIAN ANALYSIS BERNOULLI BIOMETRICS BIOMETRIKA BIOSTATISTICS BRITISH JOURNAL OF INDUSTRIAL RELATIONS BRITISH JOURNAL OF MANAGEMENT BRITISH JOURNAL OF MATHEMATICAL & STATISTICAL PSYCHOLOGY BROOKINGS PAPERS ON ECONOMIC ACTIVITY BUSINESS ETHICS QUARTERLY BUSINESS HISTORY REVIEW BUSINESS HORIZONS BUSINESS PROCESS MANAGEMENT JOURNAL BUSINESS STRATEGY AND THE ENVIRONMENT CALIFORNIA MANAGEMENT REVIEW CAMBRIDGE JOURNAL OF ECONOMICS CANADIAN JOURNAL OF ECONOMICS CANADIAN JOURNAL OF FOREST RESEARCH CANADIAN JOURNAL OF STATISTICS‐REVUE CANADIENNE DE STATISTIQUE CHAOS CHAOS, SOLITONS
    [Show full text]
  • Panel Data in Energy Economics∗
    Panel Data in Energy Economics∗ Appearing in: Panel Data Econometrics Volume 2: Empirical Applications, ed. Mike Tsionas, Elsevier Publishing Co. Scott E. Atkinson Department of Economics University of Georgia email: [email protected] January 4, 2018 ∗I wish to thank Chris Cornwell, Rong Luo, Tom Quan, and Mike Tsionas, for helpful comments on an earlier draft. yCorresponding author with phone: 706 549 0977; fax: 706 542 3376 Abstract This chapter analyzes panel data studies of the most widely-examined energy consumption industries—electric power, railroads, and airlines. For electric power, the choice between utility- level versus plant-level data, cross-sectional versus panel data, and pooled-data analysis versus fixed-effects (FE) estimation generally makes little difference. A consensus also exists across esti- mates of cost, profit, and distance functions as well as systems including these functions. Generally, studies reject homogeneous functional forms and find nearly constant returns to scale (RTS) for the largest firms. Residual productivity growth declines over time to small, positive levels and substantial economies of vertical integration exist. Cost saving may accrue from a competitive gen- erating sector. Controversy remains regarding the Averch-Johnson effect and the relative efficiency of publicly-owned versus privately-owned utilities. Railroads exhibit increasing RTS, substantial in- efficiencies, and low productivity growth. Airlines operate close to constant RTS and enjoy modest productivity growth. Substantial inefficiencies decrease with deregulation. A valuable alternative to FE estimation is a control function approach to model unobserved productivity. KEY WORDS: panel data, firm fixed effects, railroads, airlines, electric utilities, production func- tions, cost functions, profit functions, shadow costs, distance functions 1 Introduction In 2016, the electric-power sector consumed 39% of all energy resources, the transportation sector 29%, the industrial sector 22%, and the residential/commercial sector 11%.
    [Show full text]
  • CV Petermulder
    Peter Mulder TNO Energy Transition Studies Radarweg 60, 1043 NT Amsterdam, The Netherlands T +31 (0)6 2512 0867, E [email protected] W http://www.petermulder.net ORCID 0000-0002-9578-9299, Web of Science R-5057-2017 Date of Birth 28.09.1974; Married, 2 children (2012, 2014) Languages: Dutch (mother tongue), English (fluent), Portuguese (good), German (good) Education Ph.D Economics, Vrije Universiteit Amsterdam, 2003. Specialization: Macroeconomics, energy economics. Dissertation: On the Economics of Technology Diffusion and Energy Efficiency. MSc Economics, Vrije Universiteit Amsterdam, 1998. Specialization: Macroeconomie, milieueconomie; bijvakken in filosofie en geschiedenis. Thesis: Evolutionaire economie, de theorie van zelforganisatie en duurzame ontwikkeling. Een onvoltooide symfonie. [Evolutionary Economics, the Theory of Self-Organization and Sustainable Development. An Unfinished Symphony]. Employment 2020 – Senior Researcher Energy Transition Studies, TNO 2007 – 2020 Assistant Professor Department of Spatial Economics, Vrije Universiteit Amsterdam 2011 Visiting Research Fellow Department of Agricultural Economics, Purdue University, Indiana, USA 2005 – 2007 Consultant / policy advisor in Mozambique Ministry of Energy, Directorate Studies and Planning (DEP) Ministry of Economic Affairs (MPD), Directorate Economic Analysis and Policy (DNEAP) via Embassy Denmark, Maputo & Danish International Development Agency (DANIDA) 2004 – 2005 Post-Doctoral Researcher Department of Spatial Economics, Vrije Universiteit Amsterdam 2003 – 2004
    [Show full text]