IDEAS home Printed from https://ideas.repec.org/p/rff/dpaper/dp-96-30.html
   My bibliography  Save this paper

The Social Cost of Electricity: Do the Numbers Add Up?

Author

Listed:
  • Burtraw, Dallas

    (Resources for the Future)

  • Krupnick, Alan

    (Resources for the Future)

Abstract

Several recent studies have mounted major efforts to estimate the social cost of electricity generation. This paper provides an overview of this literature and a focused qualitative and quantitative comparison of the most comprehensive and rigorous of these studies. The paper also provides a synthesis that can help reduce the cost of future applications of these methods.

Suggested Citation

  • Burtraw, Dallas & Krupnick, Alan, 1996. "The Social Cost of Electricity: Do the Numbers Add Up?," RFF Working Paper Series dp-96-30, Resources for the Future.
  • Handle: RePEc:rff:dpaper:dp-96-30
    as

    Download full text from publisher

    File URL: http://www.rff.org/RFF/documents/RFF-DP-96-30.pdf
    Download Restriction: no
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    1. Yoshiaki Kaoru & V. Kerry Smith & Jin Long Liu, 1995. "Using Random Utility Models to Estimate the Recreational Value of Estuarine Resources," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 77(1), pages 141-151.
    2. Rowe, Robert D. & Lang, Carolyn M. & Chestnut, Lauraine G., 1996. "Critical factors in computing externalities for electricity resources," Resource and Energy Economics, Elsevier, vol. 18(4), pages 363-394, December.
    3. W. Kip Viscusi & Wesley A. Magat & Alan Carlin & Mark K. Dreyfus, 1994. "Environmentally Responsible Energy Pricing," The Energy Journal, International Association for Energy Economics, vol. 0(Number 2), pages 23-42.
    4. William R. Cline, 1992. "Economics of Global Warming, The," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 39, April.
    5. Krupnick, Alan J. & Harrington, Winston & Ostro, Bart, 1990. "Ambient ozone and acute health effects: Evidence from daily data," Journal of Environmental Economics and Management, Elsevier, vol. 18(1), pages 1-18, January.
    6. Alan J. Krupnick & Anil Markandya & Eric Nickell, 1993. "The External Costs of Nuclear Power: Ex Ante Damages and Lay Risks," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 75(5), pages 1273-1279.
    7. Darwin C. Hall, 1990. "Preliminary Estimates Of Cumulative Private And External Costs Of Energy," Contemporary Economic Policy, Western Economic Association International, vol. 8(3), pages 283-307, July.
    8. Joel R. Hamilton & M. Henry Robison & Norman K. Whittlesey & John Ellis, 1991. "Economic Impacts, Value Added, and Benefits in Regional Project Analysis," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 73(2), pages 334-344.
    9. Jeffrey A. Dubin & Geoffrey S. Rothwell, 1990. "Subsidy To Nuclear Power Through Price‐Anderson Liability Limit," Contemporary Economic Policy, Western Economic Association International, vol. 8(3), pages 73-79, July.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Smith, V. Kerry, 2000. "JEEM and Non-market Valuation: 1974-1998," Journal of Environmental Economics and Management, Elsevier, vol. 39(3), pages 351-374, May.
    2. Eskeland, Gunnar*Chingying Kong, 1998. "Protecting the environment and the poor - a public goods framework applied to Indonesia," Policy Research Working Paper Series 1961, The World Bank.
    3. Thomas S. Fiddaman, 2002. "Exploring policy options with a behavioral climate–economy model," System Dynamics Review, System Dynamics Society, vol. 18(2), pages 243-267, June.
    4. Ruiz Estrada, Mario Arturo, 2013. "The Macroeconomics evaluation of Climate Change Model (MECC-Model): The case Study of China," MPRA Paper 49158, University Library of Munich, Germany, revised 18 Aug 2013.
    5. Steve Newbold & Charles Griffiths & Christopher C. Moore & Ann Wolverton & Elizabeth Kopits, 2010. "The "Social Cost of Carbon" Made Simple," NCEE Working Paper Series 201007, National Center for Environmental Economics, U.S. Environmental Protection Agency, revised Aug 2010.
    6. Pizer, William A., 1999. "The optimal choice of climate change policy in the presence of uncertainty," Resource and Energy Economics, Elsevier, vol. 21(3-4), pages 255-287, August.
    7. Matthias Schmidt & Hermann Held & Elmar Kriegler & Alexander Lorenz, 2013. "Climate Policy Under Uncertain and Heterogeneous Climate Damages," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 54(1), pages 79-99, January.
    8. Pamela Katic, 2015. "Groundwater Spatial Dynamics and Endogenous Well Location," Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), Springer;European Water Resources Association (EWRA), vol. 29(1), pages 181-196, January.
    9. Drennen, Thomas E. & Erickson, Jon D. & Chapman, Duane, 1993. "Solar Power and Climate Change Policy in Developing Countries," Staff Papers 121345, Cornell University, Department of Applied Economics and Management.
    10. Tamazian, Artur & Bhaskara Rao, B., 2010. "Do economic, financial and institutional developments matter for environmental degradation? Evidence from transitional economies," Energy Economics, Elsevier, vol. 32(1), pages 137-145, January.
    11. Nadreau, Timothy P. & Fortenbery, T. Randall, 2020. "Odessa Sub-area Potato Production & Processing Impacts Under an Irrigation-Water Shortage," Western Economics Forum, Western Agricultural Economics Association, vol. 18(2), December.
    12. Simonis, Udo E., 1996. "Internationally tradeable emission certificates: efficiency and equity in linking environmental protection with economic development," Discussion Papers, Research Professorship Environmental Policy FS II 96-407, WZB Berlin Social Science Center.
    13. Joseph E. Aldy & Robert N. Stavins, 2021. "Rolling The Dice In The Corridors Of Power: William Nordhaus’S Impacts On Climate Change Policy," World Scientific Book Chapters, in: Robert Mendelsohn (ed.), CLIMATE CHANGE ECONOMICS Commemoration of Nobel Prize for William Nordhaus, chapter 1, pages 1-18, World Scientific Publishing Co. Pte. Ltd..
    14. Yildiz, Özgür, 2014. "Lehren aus der Verhaltensökonomik für die Gestaltung umweltpolitischer Maßnahmen [Lessons from behavioral economics for the design of environmental policy measures]," MPRA Paper 59360, University Library of Munich, Germany.
    15. Haraden, John, 1994. "Rebuttal to “The Marginal Cost of CO2 Emissions”," Energy, Elsevier, vol. 19(12), pages 1263-1266.
    16. Anowar, Sabreena & Eluru, Naveen & Hatzopoulou, Marianne, 2017. "Quantifying the value of a clean ride: How far would you bicycle to avoid exposure to traffic-related air pollution?," Transportation Research Part A: Policy and Practice, Elsevier, vol. 105(C), pages 66-78.
    17. Christian Azar, 1999. "Weight Factors in Cost-Benefit Analysis of Climate Change," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 13(3), pages 249-268, April.
    18. Alan S. Manne & Richard G. Richels, 1994. "The Costs of Stabilizing Global C02 Emissions: A Probabilistic Analysis Based on Expert Judgments," The Energy Journal, , vol. 15(1), pages 31-56, January.
    19. Nordhaus, William, 2013. "Integrated Economic and Climate Modeling," Handbook of Computable General Equilibrium Modeling, in: Peter B. Dixon & Dale Jorgenson (ed.), Handbook of Computable General Equilibrium Modeling, edition 1, volume 1, chapter 0, pages 1069-1131, Elsevier.
    20. Schmidt, Holger, 1995. "Verteilungseffekte im Klimaschutz-Prozeß," Discussion Papers in Development Economics 18, Justus Liebig University Giessen, Institute for Development Economics.

    More about this item

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rff:dpaper:dp-96-30. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Resources for the Future (email available below). General contact details of provider: https://edirc.repec.org/data/rffffus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.