About Economic DropletsAn environmental and natural resource economics blog by Adam Bailey (below). For details and profile see About.
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Author Archives: Adam Bailey
A recent paper proposes that, post-Brexit, the UK should lower tariffs on imported fish to benefit consumers. That may be a good idea, but the effect on fish stocks in the regions of origin should also be considered. The Institute … Continue reading
If we can value ecosystem services, then the “housing v countryside” debate can be treated as an optimisation problem. Cities often expand laterally to provide housing for an increasing population. This usually involves a loss of surrounding farmland, woodland, wetlands … Continue reading
The behaviour on which revealed preference valuation methods are based almost inevitably results from thought processes involving bounded rationality. What does that imply for such methods? The insights of behavioural economics have been applied to many sub-fields of economics, and … Continue reading
A proposed new approach to environmental policy fails to convince. Why Environmental Policies Fail by Jan Laitos is a curious book (1). Its subject is certainly important, and it’s hard to disagree strongly with the bleak picture it presents of … Continue reading