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: | Article |
| Language: | en_US |
| Published: |
Elsevier
2010
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| Online Access: | http://hdl.handle.net/1721.1/51856 |
| _version_ | 1826212800824868864 |
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| author | Greenstone, Michael Gayer, Ted |
| author2 | Massachusetts Institute of Technology. Department of Economics |
| author_facet | Massachusetts Institute of Technology. Department of Economics 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 | 2024-09-23T15:38:06Z |
| format | Article |
| id | mit-1721.1/51856 |
| institution | Massachusetts Institute of Technology |
| language | en_US |
| last_indexed | 2024-09-23T15:38:06Z |
| publishDate | 2010 |
| publisher | Elsevier |
| record_format | dspace |
| spelling | mit-1721.1/518562022-10-02T03:03:13Z Quasi-experimental and experimental approaches to environmental economics Greenstone, Michael Gayer, Ted Massachusetts Institute of Technology. Department of Economics Greenstone, Michael Greenstone, Michael 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. 2010-03-01T18:24:57Z 2010-03-01T18:24:57Z 2009-01 Article http://purl.org/eprint/type/SubmittedJournalArticle 0095-0696 http://hdl.handle.net/1721.1/51856 Greenstone, Michael, and Ted Gayer. “Quasi-experimental and experimental approaches to environmental economics.” Journal of Environmental Economics and Management 57.1 (2009): 21-44. en_US http://dx.doi.org/10.1016/j.jeem.2008.02.004 Journal of Environmental Economics and Management Article is made available in accordance with the publisher's policy and may be subject to US copyright law. Please refer to the publisher's site for terms of use. application/pdf Elsevier author/dept web page |
| 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/1721.1/51856 |
| work_keys_str_mv | AT greenstonemichael quasiexperimentalandexperimentalapproachestoenvironmentaleconomics AT gayerted quasiexperimentalandexperimentalapproachestoenvironmentaleconomics |