Quasi-experimental and experimental approaches to environmental economics
This paper argues that an increased application of quasi-experimental and experimental techniques will improve understanding about core environmental economics questions. This argument is supported by a review of the limitations of associational evidence in assessing causal hypotheses. The paper als...
| Main Authors: | , |
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| Other Authors: | |
| Format: | Working Paper |
| Published: |
MIT Center for Energy and Environmental Policy Research
2009
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| Online Access: | http://hdl.handle.net/1721.1/45128 |
| _version_ | 1826191719504281600 |
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| author | Greenstone, Michael Gayer, Ted |
| author2 | Massachusetts Institute of Technology. Center for Energy and Environmental Policy Research. |
| author_facet | Massachusetts Institute of Technology. Center for Energy and Environmental Policy Research. Greenstone, Michael Gayer, Ted |
| author_sort | Greenstone, Michael |
| collection | MIT |
| description | This paper argues that an increased application of quasi-experimental and experimental techniques will improve understanding about core environmental economics questions. This argument is supported by a review of the limitations of associational evidence in assessing causal hypotheses. The paper also discusses the benefits of experiments and quasi-experiments, outlines some quasi-experimental methods, and highlights threats to their validity. It then illustrates the quasi-experimental method by assessing the validity of a quasi-experiment that aims to estimate the impact of the Endangered Species Act on property markets in North Carolina. The paper's larger argument is that greater application of experimental and quasi-experimental techniques can identify efficient policies that increase social welfare. |
| first_indexed | 2024-09-23T09:00:40Z |
| format | Working Paper |
| id | mit-1721.1/45128 |
| institution | Massachusetts Institute of Technology |
| last_indexed | 2024-09-23T09:00:40Z |
| publishDate | 2009 |
| publisher | MIT Center for Energy and Environmental Policy Research |
| record_format | dspace |
| spelling | mit-1721.1/451282019-04-10T16:32:14Z Quasi-experimental and experimental approaches to environmental economics Greenstone, Michael Gayer, Ted Massachusetts Institute of Technology. Center for Energy and Environmental Policy Research. This paper argues that an increased application of quasi-experimental and experimental techniques will improve understanding about core environmental economics questions. This argument is supported by a review of the limitations of associational evidence in assessing causal hypotheses. The paper also discusses the benefits of experiments and quasi-experiments, outlines some quasi-experimental methods, and highlights threats to their validity. It then illustrates the quasi-experimental method by assessing the validity of a quasi-experiment that aims to estimate the impact of the Endangered Species Act on property markets in North Carolina. The paper's larger argument is that greater application of experimental and quasi-experimental techniques can identify efficient policies that increase social welfare. 2009-04-09T20:05:19Z 2009-04-09T20:05:19Z 2007 Working Paper 2007-013 http://hdl.handle.net/1721.1/45128 244571875 MIT-CEEPR (Series) ; 07-013WP. 58 p application/pdf MIT Center for Energy and Environmental Policy Research |
| spellingShingle | Greenstone, Michael Gayer, Ted Quasi-experimental and experimental approaches to environmental economics |
| title | Quasi-experimental and experimental approaches to environmental economics |
| title_full | Quasi-experimental and experimental approaches to environmental economics |
| title_fullStr | Quasi-experimental and experimental approaches to environmental economics |
| title_full_unstemmed | Quasi-experimental and experimental approaches to environmental economics |
| title_short | Quasi-experimental and experimental approaches to environmental economics |
| title_sort | quasi experimental and experimental approaches to environmental economics |
| url | http://hdl.handle.net/1721.1/45128 |
| work_keys_str_mv | AT greenstonemichael quasiexperimentalandexperimentalapproachestoenvironmentaleconomics AT gayerted quasiexperimentalandexperimentalapproachestoenvironmentaleconomics |