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Quasi-Experimental and Experimental Approaches to Environmental Economics Author info | Abstract | Publisher info | Download info | Related research | Statistics Michael Greenstone
Ted Gayer
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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.
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Paper provided by Massachusetts Institute of Technology, Center for Energy and Environmental Policy Research in its series Working Papers with number
0713.
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Date of creation: Dec 2007Date of revision:
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Constant Tra, 2009.
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Horsch, Eric J. & Lewis, David J., 2008.
"The Effects of Aquatic Invasive Species on Property Values: Evidence from a Quasi-Random Experiment ,"
2008 Annual Meeting, July 27-29, 2008, Orlando, Florida
6199, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
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H. Allen Klaiber & V. Kerry Smith, 2009.
"Evaluating Rubin's Causal Model for Measuring the Capitalization of Environmental Amenities ,"
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14957, National Bureau of Economic Research, Inc.
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