This paper reviews lessons that can be learned from US experiences with market-based
environmental policies and from related research. Highlights of US experience are …

Environmental policies typically combine the identification of a goal with some means to
achieve that goal. This chapter focuses exclusively on the second component, the means …

This paper uses the housing market to develop estimates of the local welfare impacts of
Superfund-sponsored cleanups of hazardous waste sites. We show that if consumers value …

This article examines the institutional motivations underlying innovation. Although attention
to motivation played a role in early theorizing on innovation, the phenomenon is …

This paper incorporates a Bayesian learning model into a hedonic framework to estimate the
value that residents place on avoiding cancer risks from hazardous-waste sites. We show …

Economists often rely on publicly available data provided at coarse geographical resolution
to value spatially localized amenities. We propose a simple refinement to the hedonic …

We test for residential sorting and changes in neighborhood characteristics in response to
the cleanup of hazardous waste sites using restricted access fine-geographical-resolution …

A large literature in economics and social science focuses on how people reason about
risks. Reactions of individuals to risk frequently depart from behavior predicted by full …

Many empirical environmental justice (EJ) studies lack a systematic framework in which to
undertake research and interpret results. This paper characterizes the conventional EJ study …

This article makes some steps toward a formal political economy of environmental policy.
Economists' quasi-unanimous preference for sophisticated incentive regulation is …