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Yep. I just focused on the price effect. The post was getting long.
Commented 3 days ago on Daily Demand and Supply: Who will pay for the wall if a 20% import tax is imposed? at Environmental Economics
Daily Demand and Supply: Who will pay for the wall if a 20% import tax is imposed?
On Wednesday, President Trump either did or didn't suggest that Mexico will pay for the construction of a border wall between the U.S. and Mexico through a 20% import tax on all goods imported from Mexico. Here's how the NYTimes reports it: President Trump’s decision to build a wall along ...
Ironman--short answer, YES. I didn't discuss the quantity effect or the overall reduction in economic efficiency (the triangle to the right of the red/green revenue rectangles, between the blue and black supply/demand curves. That triangle is the deadweight loss and represents a loss in surplus (revenue) to the rest of the economy.
Commented 3 days ago on Daily Demand and Supply: Who will pay for the wall if a 20% import tax is imposed? at Environmental Economics
Daily Demand and Supply: Who will pay for the wall if a 20% import tax is imposed?
On Wednesday, President Trump either did or didn't suggest that Mexico will pay for the construction of a border wall between the U.S. and Mexico through a 20% import tax on all goods imported from Mexico. Here's how the NYTimes reports it: President Trump’s decision to build a wall along ...
Daily Demand and Supply: Who will pay for the wall if a 20% import tax is imposed?
Posted 3 days ago at Environmental Economics
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"We’re looking at scrubbing it up a bit, putting a little freshener on it, and getting it back up to the public."
I...have...to...show...restraint...
Commented 4 days ago on False alarm? "No plan to take down climate webpages" at Environmental Economics
False alarm? "No plan to take down climate webpages"
I got all worked up for nothing? An Environmental Protection Agency (EPA) spokesman said the Trump administration is not currently planning to take down website content regarding climate change. Doug Ericksen, spokesman for the so-called beachhead team working to transition the agency to the Tr...
My advice to the EPA Administrator? Use science.
I am an appointed member of the EPA Science Advisory Board Environmental Economics Advisory Committee. As a committee, our charge is to provide "independent advice to the EPA Administrator, through the chartered SAB, regarding the science and research to assess public benefits and costs of EPA’s environmental programs." My independent... Continue reading
Posted 4 days ago at Environmental Economics
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An alternative strategy to climate research denial is to cover your ears and scream "LALALALALALA, I CAN'T HEAR YOU!"
At least the vetting isn't 'extreme': Scientists at the Environmental Protection Agency who want to publish or present their scientific findings likely will need to have their work reviewed on a "case by case basis" before it can be disseminated, according to a spokesman for the agency's transition team. In... Continue reading
Posted 5 days ago at Environmental Economics
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Hump Day Liquor Post: A Perfect Storm?
Posted 5 days ago at Environmental Economics
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If a conference is cancelled does that mean the climate is not changing?
Strategic retreat or minimizing cost hassle? With little warning or explanation, the Centers for Disease Control and Prevention recently canceled a major climate change conference that had been scheduled for next month in Atlanta. The Climate and Health Summit, which had been in the works for months, was intended as... Continue reading
Posted 6 days ago at Environmental Economics
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We need a better word than 'anomaly' to describe rising temperatures: WTF?
At times scientists can be their own worst enemy. In an attempt to be accurate, scientists sometimes forget the most basic rule of communicating: know your audience. In the case of explaining climate change, and in particular, explaining rising global temperatures, scientists have chosen to use the phrase 'global average... Continue reading
Posted Jan 19, 2017 at Environmental Economics
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Env-Econ: Real or Fake News?
Apparently when it comes to Alternative Energy Blogs, we are the 9th ranked blog in the 'News' category. Continue reading
Posted Jan 19, 2017 at Environmental Economics
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At your age you probably had to get up to pee for the third time and just stayed up and posted.
Commented Jan 19, 2017 on Chinese hoax? Fake news? at Environmental Economics
Chinese hoax? Fake news?
This is on the front page of today's NY Times: Global temperatures have continued to rise, making 2016 the hottest year on the historical record and the third consecutive record-breaking year, scientists say. Of the 17 hottest years ever recorded, 16 have now occurred since 2000. We're dream...
You beat me to the joke (but I posted mine anyway).
Commented Jan 19, 2017 on Chinese hoax? Fake news? at Environmental Economics
Chinese hoax? Fake news?
This is on the front page of today's NY Times: Global temperatures have continued to rise, making 2016 the hottest year on the historical record and the third consecutive record-breaking year, scientists say. Of the 17 hottest years ever recorded, 16 have now occurred since 2000. We're dream...
Graphic of the Day (er, millenium?): Those Liars at NOAA are at it Again*
Posted Jan 19, 2017 at Environmental Economics
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Trump, Twitter, Mexico, the Peso and Quidditch
From FivethirtyEight.com: Whenever President-elect Donald Trump tweets about Mexico, the peso jumps around on international currency markets. Mexico is spending considerable reserves to defend the currency, but peso traders have come up with a cheaper solution: Just buy Twitter for $12 billion and then shut it down. It’s the monetary... Continue reading
Posted Jan 13, 2017 at Environmental Economics
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After last night we can add 'overrated' and 'flunky' to the list of presidentially approved words.
Commented Jan 9, 2017 on New review guidelines at Environmental Economics
New review guidelines
I'm taking this one seriously: President-Elect Mr. Donald Trump has tweeted that he will require all reviewers for all journals and grant agencies to end all reviews with the word “Sad!” Trump tweeted that all reviewers should be required to select the wording for their reviews from an approved...
Daily Demand and Supply: Ticket Prices
ESPN Senior Writer Darren Rovell tweets seniorly: The average price paid on StubHub for a ticket to tonight's college football playoff title game is $1,266. That's almost three times the price paid last year ($425) Why? In a well-functioning market there are only four possible changes, and resulting effects on... Continue reading
Posted Jan 9, 2017 at Environmental Economics
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If you're in the area of 500 5th St in DC at 11:00AM on January 11, you might want to stop. You could see something you may never see again
Valuing Climate Damages: Updating Estimation of the Social Cost of Carbon Dioxide (Phase 2 report) This new report from the Board on Environmental Change and Society of the National Academies of Sciences, Engineering, and Medicine examines potential approaches for a comprehensive update to the current methodology for estimating the social... Continue reading
Posted Jan 6, 2017 at Environmental Economics
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Graphic of the Day: Yep
Posted Jan 6, 2017 at Environmental Economics
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I mis-stated my comment above. GDP=G+C+I+NX is an identity. The problem with the Ross and Navarro interpretation is that they view G,C,I, and NX as mutually exclusive. In their world, if NX increases, there is no change in G,C, or I, so GDP must increase. The equivalent argument (which I doubt they will agree with) is that if G increases, G, I and NX are unchanged, and GDP increases. So increases in government expenditures unambiguously increase GDP.
QED?
Commented Dec 22, 2016 on Since we can't figure out the answer to scientific questions...we don't need to fund scientific research at Environmental Economics
Since we can't figure out the answer to scientific questions...we don't need to fund scientific research
I'm struggling to follow the logic of the following: It has been a busy week, and with everything else going on I haven't had a chance to post on Zika, which I know has been in the news a bit. I have received all sorts of emails and FB comments this week on Zika. Some people want me to pass a "...
I'm starting to question the quality of Georgetown's International Economics program.
It could be worse, he could believe that GDP=G+C+I+NX is a mathematical identity, so that if we increase NX (by taxing the crap out of imports), GDP has to rise. Y'know, like the head of the newly biglified National Trade Council Peter Navarro and Commerce Secretary Wilbur Ross seem to think: http://www.vox.com/2016/12/21/14044376/trump-navarro-ross
Commented Dec 22, 2016 on Since we can't figure out the answer to scientific questions...we don't need to fund scientific research at Environmental Economics
Since we can't figure out the answer to scientific questions...we don't need to fund scientific research
I'm struggling to follow the logic of the following: It has been a busy week, and with everything else going on I haven't had a chance to post on Zika, which I know has been in the news a bit. I have received all sorts of emails and FB comments this week on Zika. Some people want me to pass a "...
Since we can't figure out the answer to scientific questions...we don't need to fund scientific research
I'm struggling to follow the logic of the following: It has been a busy week, and with everything else going on I haven't had a chance to post on Zika, which I know has been in the news a bit. I have received all sorts of emails and FB comments... Continue reading
Posted Dec 22, 2016 at Environmental Economics
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Jeb Bush on Scott Pruitt's EPA
From an editorial by Jeb Bush on CNN.com: Our country has been held back over the past eight years because the appropriate balance between federal and state powers has become totally skewed. Individual liberty and our constitutional order have been threatened. People's aspirations have been capped by a federal government... Continue reading
Posted Dec 20, 2016 at Environmental Economics
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11 years of work, 1 student indication of interest. Not sure of that ROI.
Commented Dec 20, 2016 on Why I blog? at Environmental Economics
Why I blog?
From a student applicant's statement of purpose: I encountered with Department of Agricultural, Environmental Developmental Economics in OSU by professor Tim Haab’s blog on environment economics http://www.env-econ.net/, where I learn the most cutting edge of academic research. Oh crap. I be...
Why I blog?
From a student applicant's statement of purpose: I encountered with Department of Agricultural, Environmental Developmental Economics in OSU by professor Tim Haab’s blog on environment economics http://www.env-econ.net/, where I learn the most cutting edge of academic research. Oh crap. I better take this a little more serious. Continue reading
Posted Dec 20, 2016 at Environmental Economics
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I just might know an expert in estimating the value of outdoor recreation
If you are going to calculate the economic impacts of outdoor recreation, maybe, just maybe, you might want to consult with an expert who has a book on valuation methods with chapter titles like: "Modeling the Demand for Recreation," and "Single Site Demand Estimation," and "Site Choice Models." Outdoor recreation... Continue reading
Posted Dec 14, 2016 at Environmental Economics
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