Quasi-Experimental and Experimental Approaches to Environmental Economics
Massachusetts Institute of Technology (MIT) - Department of Economics; National Bureau of Economic Research (NBER)
July 1, 2007
RFF Discussion Paper No. 07-22
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 some threats to their validity. It then illustrates the quasi-experimental method by assessing the validity of a new one in environmental economics that seeks to estimate the impact of the Endangered Species Act on property markets in North Carolina. Ultimately, the greater application of experimental and quasi-experimental techniques has the potential to identify efficient policies that increase social welfare.
Number of Pages in PDF File: 60working papers series
Date posted: July 21, 2007 ; Last revised: November 9, 2008
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