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Review of Environmental Economics and Policy 2007 1(2):300-318; doi:10.1093/reep/rem019
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Copyright © The Author 2007. Published by Oxford University Press on behalf of the Association of Environmental and Resource Economists.

Reflections on the Literature

V. Kerry Smith*

* W. P. Carey Professor of Economics, Arizona State University, and University Fellow, Resources for the Future. Thanks are due to (without implicating them in any way) Allen Basala, Ed Chu, Bill Desvousges, Charlie Kolstad, Subhrendu Pattanayak, Jaren Pope, and Aaron Strong for their suggestions and to Suzy Leonard for her significant contributions in improving its readability. Special thanks are due to Michael Greenstone for a quick and very constructive review of an earlier draft. They are also due to Vicenta Ditto for making sense of numerous earlier drafts of this manuscript

The first 150 words of the full text of this article appear below.


   Introduction
 
Now I know why I am not a journalist. As I write this second "Reflections on the Literature," it feels like I barely completed the first. As with the first column, this one will not include readers' reactions, since I am writing these words before publication of the journal's inaugural issue. But a discussion of your reactions to both columns will come in the future, I promise.

My comments for this column focus on two questions: (1) Is the "experimentalist" approach to evaluating consumer preferences for the environment (and their implied values for policy) transforming our established beliefs about either the values of amenities or the performance of environmental policies? (2) Do the recent reports on climate change warrant a change in how we evaluate policies aimed at reducing greenhouse gases?

Much of current applied research in micro econometrics falls into one of two traditions: (1) efforts to develop and . . . [Full Text of this Article]


   Are Experimentalists Replacing Clouseau with Poirot?
 
Why Is Exogeneity Important?
Experimentalists' "Fresh Air" on Marginal Effects of Air Pollution
Is Superfund Cleanup Worth It?
Experimentalist versus Structuralist for Environmental Applications—Who Wins?

   Should We Trade "Reduced" Current Environmental Services for "More" Future Global Climate Services?
 
Reactions to the Stern Review
Environmental Arbitrage

   Concluding Reflections
 

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