Martin Heintzelman

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Congress Moves Forward on the Farm Bill

November 4, 2013<p>California Grain Harvesting Credit: Jeffrey G. Katz<p>Finally. There is a Farm Bill conference committee, and it began meeting last …

Agriculture

More Predictions, From Bad to Worse

(Photo: Josh McGinn)<p>Our “Folly of Prediction” podcast made these basic points:<p>Fact: Human beings love to predict the future.<p>Fact: Human beings are …

NOAA

The Climate Gamble

October 23, 2013<p>Graphic from Wikicommons<p>Paul Krugman has a review of a new book by William Nordhaus about climate policy. By way of preface, I should …

Climate

Sure, "Saving Our Grandchildren From Climate Change" Sounds Nice...

Sure, "Saving Our Grandchildren From Climate Change" Sounds Nice…<p>(Photo: Atmospheric Infrared Sounder)<p>You want to know what the biggest obstacle to …

Climate

Amazon and the Economic Theory of Predation

The New York Times reports that Amazon's business model is to take over every retail market by offering low prices and high quality servi...

Climate Change, Public Policy, and the University - An Economic View of the Environment

Over the past year or more, across the United States, there has been a groundswell of student activism pressing colleges and universities to divest …

Climate

A cautionary example of why policies (good or bad) are difficult to remove once implemented

The new flood insurance rules, which went into effect on Oct. 1, are intended to make the deeply indebted NFIP solvent by no longer charging …

National Flood Insurance Program

Thirsty Thursday beer post: the effect of beer consumption on economic growth

Yes, beer does make Homer less productive. Resul Cesur and Inas Rashad Kelly in Economic Inquiry:<p><i>Few studies explore the linkages between health</i> …

"Australia’s PM Takes on Carbon Tax"

A nameless RFF staff member:<p>Australian Prime Minister Tony Abbot revealed a draft bill last week that would repeal the country’s controversial carbon …

Climate

There REALLY is an easier way to tax miles driven...

Here's how it would work. Each year, drivers will be required to have their mileage checked at an authorized service facility. Based on the EPA …

Transportation

The Intergenerational Transmission of Automobile Brand Preferences: Empirical Evidence and Implications for Firm Strategy

<b>NBER Working Paper No. 19535</b> <b><br>Issued in October 2013</b> <b><br>NBER Program(s): IO</b><p>We document a strong correlation in the brand of automobile chosen by parents …

Skepticism

Daily Demand and Supply: If wishes were horses, beggars would ride

According to the Department of Energy’s (DOE) “February 2011 Status Report,” General Motors was supposed to produce and sell 120,000 Chevrolet Volts …

Energy

A Big Step for the Montreal Protocol

October 17, 2013<p>Parties to the Montreal Protocol will hold their 25th meeting next week in Bangkok. In addition to all their normal business related …

Climate

When a Fake Banksy Is a Real Banksy

(Photo: Tim Fuller)<p>Many news outlets this week carried the story that <b>Banksy</b>, the celebrated British street artist, had set up an innocuous-looking …

Banksy

Senator Vitter celebrated the shutdown of the EPA

October 16, 2013<p>I’ve written elsewhere about how some elements of the Tea Party and the Republican party have made clear that their goal is not just …

Climate

What Can the Olympics Teach Us About Closing the Achievement Gap?

<i>John List and Uri Gneezy have appeared on our blog many times. This guest post is part of a series adapted from their book The Why Axis: Hidden</i> …

Education

Oh Sandy the aurora is rising behind us*

With the anniversary of superstorm Sandy just a month away and the still-battered remains of homes visible on the beachfront, Gov. Chris Christie …

Chris Christie

Why Should Environmental Scientists Talk to Economists?

On Monday, October 7th 2013 I will give a lunch time talk at the UCLA IOE titled "Why Should Environmental Scientists Talk to Economists?" ...

My Fall 2013 Environmental Economics Class at UCLA

As I try to distribute my distinctive "free markets" environmental economics textbook , I'm now giving away the lecture notes and other clas...

Behavioral Economics and Tesla's Stock Price Dynamics After the Fire

A Tesla car caught on fire and this event "caused" a huge drop in Tesla's stock price. Under the efficient markets hypothesis, how much ...

Shale Gas Development Linked to Traffic Accidents in Pennsylvania

Share:<p><i>Rates of accidents involving a heavy truck.</i><p>Pennsylvania has seen the development of more than 5,000 7,000 hydraulically fracked shale gas wells …

Oil

The Most (And Least) Expensive Basic Cable Channels, In 1 Graph

Here's how the cable business works: Cable companies pay monthly fees to media companies for every channel they carry as part of basic cable. And then, of course, they pass those fees onto you, the subscriber. As the chart below shows, those fees vary widely — from $5.54 per month per subscriber …

Televisions

Fighting Lazy Hausman Cites

As John has pointed out (for example see here and here), despite plenty of evidence to the contrary, researchers have taken to lazily citing …

Donkey Kong

Would a Big Bucket of Cash Really Change Your Life? A New Freakonomics Radio Podcast - Freakonomics

(Photo: epSos .de)<p>Why does poverty persist? Is economic mobility still a real part of the American dream? And if you gave every poor family a big …

Podcasting

But if you measure it with CVM, there must be a problem with CVM

Jodi Beggs:<p>As I’ve mentioned before, I am teaching behavioral economics this semester. So far, I’ve introduced the concept of prospect theory and …

Behavior

When extortion is your only option

When debating the merits of a public policy is just so boring, and less likely to achieve the desired result, use extortion:<p>As a possible government …

Keystone XL

I find it somewhat ironic that our oil reserves outlasted the "Peak Oilers'" blog

Geez, now who are we going to use as strawmen in the Peak Oil debate?<p>The Oil Drum (TOD) was an internet energy phenomenon that ran for over eight …

Oil

Shale gas alone is not the answer – but neither is renewable energy

The UK's priority should be to develop a low-carbon energy mix, while encouraging growth from those industries<p>In May this year, academics from Washington State University published research confirming a long-held suspicion: being loud and confident is a more effective way to win an argument than …

Renewable Energy

China reportedly just bought 5% of Ukraine (but the Ukrainian partner denies it)

<b>Update (9:21 a.m. ET):</b> Ukraine’s KSG Agro released a statement today, Sept. 24, denying reports that it had reached an agreement to sell 3 million hectares to a Chinese firm. Hong Kong’s South China Morning Post had reported a deal between KSG Agro and China’s Xinjiang Production and Construction …

China