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Economics Department

Charles D. Kolstad and Noelwah R. Netusil, Environmental Economics, 3rd ed., Oxford University Press, March 2026.

Articles in JEP and REEP matched with textbook chapters

Articles marked with a * are open access and include a direct link to the source

One: Introduction

1 The Environment and Economics

*Dechezleprete, Antoine and Misato Sato. 2017. . Review of Environmental Economics and Policy 11(2): 183 – 206.

Pasurka, Carl. 2008. Perspectives on Pollution Abatement and Competitiveness: Theory, Data, and Analyses. Review of Environmental Economics and Policy 2 (2): 194-218. 

*Sandmo, Agnar. 2015. . Review of Environmental Economics and Policy 9 (2) 1-21.

*Shapiro, Joseph S. 2022. . Review of Environmental Economics and Policy 16 (1): 42-61. 

2 Normative Versus Positive Economics

*Auffhammer, Maximilian. 2018. . Journal of Economic Perspectives 32(4): 33-52. 

Carleton, Tamma and Michael Greenstone. 2022.  A Guide to Updating the US Government’s Social Cost of Carbon. Review of Environmental Economics and Policy 16 (2).

Fisher, Anthony C. and Phu V. Le. 2014. Climate Policy: Science, Economics, and Extremes. Review of Environmental Economics and Policy 8(2): 307-327.Tol, Richard S.J. 2009. The Economic Effects of Climate Change. Journal of Economic Perspectives 23 (2): 29-51.

*Gillingham, Kenneth and James H. Stock. 2018. Journal of Economic Perspectives 32(4): 53-72.

Goulder, Lawrence H. 2020. Timing is Everything: How Economists Can Better Address the Urgency of Stronger Climate Policy. Review of Environmental Economics and Policy 14(1): 143-156.

*Hsiang, Solomon and Robert E. Kopp. 2018. . Journal of Economic Perspectives 32(4): 3-32.

Kolstad, Charles D. and Frances C. Moore. 2020. Estimating the Economic Impacts of Climate Change Using Weather Observations.  Review of Environmental Economics and Policy 14(1): 1-24.

*Tol, Richard S. J. 2014.  .  Journal of Economic Perspectives 28 (2) 221-226.

Two: How Much Environmental Quality Is Desirable?

3 Efficiency and Markets

*Covert, Thomas, Michael Greenstone, and Christopher R. Knittel. 2016.    Journal of Economic Perspectives 30(1): 117-138.

Cramton, Peter, Axel Ockenfels, and Jean Tirole. 2017. Policy Brief—Translating the Collective Climate Goal into a Common Climate Commitment. Review of Environmental Economics and Policy 11(1): 165-171.

4 Market Failure

Carlsson, Fredrik, Christina Gravert, Olof Johansson-Stenman, and Verena Kurz. 2021. The Use of Green Nudges as an Environmental Policy Instrument. Review of Environmental Economics and Policy 15(2): 216-237.

5 Social Choice

*Arrow, Kenneth, Partha Dasgupta, Lawrence Goulder, Gretchen Daily, et al. 2004. The Journal of Economic Perspectives 18(3) 147-172.

Heal, Geoffrey. 2013. Reflections—Defining and Measuring Sustainability.  Review of Environmental Economics and Policy 6(1): 147-163. 

6 Making Decisions About Environmental Programs

Fenichel, Eli P., Lydia Olander, and Heather Tallis. 2025. Environmental and Ecosystem Services in Benefit-Cost Analysis. Review of Environmental Economics and Policy 19(2): 238-247. 

Fullerton, Don and Erich Muehlegger. 2019. Who Bears the Burden of Environmental Regulations?  Review of Environmental Economics and Policy 13(1): 62-82.

Gayer, Ted and W. Kip Viscusi. 2016. Determining the Proper Scope of Climate Change Policy Benefits in U.S. Regulatory Analyses: Domestic versus Global Approaches.  Review of Environmental Economics and Policy 10(2): 245-263.

Gillingham, Kenneth T. Reforming Regulatory and Spending Analysis: Introduction to a Symposium on Revising Benefit-Cost Guidance.  Review of Environmental Economics and Policy 19(2): 195-199.

Grass, Arthur G., John D. Graham, Kerry Krutilla, Randall Lutter, Jason F. Shogren, and W. Kip Viscusi. Improving Distributional Analysis in Regulatory Evaluation: An Assessment of the 2023 Circular A-4.  Review of Environmental Economics and Policy 19(2): 210-220.

Hammitt, James K. 2013. Positive Versus Normative Justifications for Benefit-Cost Analysis: Implications for Interpretation and Policy. Review of Environmental Economics and Policy 7(2): 1-21.

Hsiang, Solomon, Paulina Oliva, and ÈËÆÞÓÕ»ó Walker. 2019. The Distribution of Environmental Damages Review of Environmental Economics and Policy 13(1): 83-103.

Liscow, Zachary. 2025. Benefit-Cost Analysis of Government Spending. Review of Environmental Economics and Policy 19(2): 221-228.

*McCarthy, Gina. 2019. . Review of Environmental Economics and Policy 13 (2): 299-307.

*McGartland, Al. 2021. . Review of Environmental Economics and Policy 15(2).

Pizer, William A. and Brian C. Prest. 2025. Circular A-4: Practical Advances in Discounting for Policy Decisions.  Review of Environmental Economics and Policy 19(2): 229-237.

Pizer, William A. and Steven Sexton. 2019. The Distributional Impacts of Energy Taxes. Review of Environmental Economics and Policy 13(1): 104-123.

Three: Measuring the Demand for Environmental Quality

7 Demand for Environmental Goods

Alberini, Anna. 2019. Revealed versus Stated Preferences: What Have We Learned About Valuation and Behavior? Review of Environmental Economics and Policy 13(2): 283-298. 

Bateman, Ian J. and Catherine L. Kling. 2020. Revealed Preference Methods for Nonmarket Valuation: An Introduction to Best Practices. Review of Environmental Economics and Policy 14(2): 240-259.

Mendelsohn, Robert. 2019. An Examination of Recent Revealed and Preference Valuation Methods and Results. Review of Environmental Economics and Policy 13(2): 267-282.

8 Hedonic Price Methods 

Aldy, Joseph E. and W. Kip Viscusi. 2025. Valuing Mortality Risk Reduction Benefits of Federal Regulations: Comments on Circular A-4. Review of Environmental Economics and Policy 19(2): 200-209.

Bishop, K.C., N.V. Kuminoff, H.S. Banzhaf, K.J. Boyle, K. von Gravenitz, J.C. Pope, V.K. Smith, and C.D. Timmins. Best Practices for Using Hedonic Property Values Models to Measure Willingness to Pay for Environmental Quality. Review of Environmental Economics and Policy 14(2): 260-281.

Cameron, Trudy. 2010. Euthanizing the Value of a Statistical Life. Review of Environmental Economics and Policy 4(2): 161-178.

9 Household Production

10 Constructed Markets

*Carson, Richard T. 2012. . Journal of Economic Perspectives 26(4): 27-42.

Hanley, Nick and Mikolaj Czajkowski. 2019. The Role of Stated Preference Valuation Methods in Understanding Choices and Informing Policy. Review of Environmental Economics and Policy 13(2): 248-266.

*Hausman, Jerry. 2012. . Journal of Economic Perspectives 26(4): 43-56. 

*Kling, Catherine L., Daniel J. Phaneuf and Jinhua Zhao. 2012. Journal of Economic Perspectives 26(4): 3-26.

Vossler, Christian A., Timothy N. Cason, James J. Murphy, et al. 2026. “The Impact of Experiments on Environmental and Natural Resource Policy.” Review of Environmental Economics and Policy: forthcoming.

Four: Regulating Individuals and Firms

11 Regulating Pollution  

Ambec, Stefan, Mark A. Cohen, Stewart Elgie, and Paul Lanoie. 2013. The Porter Hypothesis at 20: Can Environmental Regulation Enhance Innovation and Competitiveness?  Review of Environmental Economics and Policy 7(1): 2-22.

Anderson, Soren T., Ian W. H. Parry, James M. Sallee, and Carolyn Fisher. 2011. Automobile Fuel Economy Standards: Impacts, Efficiency, and Alternatives. Review of Environmental Economics and Policy 5(1): 89-108.

Brunel, Claire, and Arik Levinson. 2016. Measuring the Stringency of Environmental Regulations. Review of Environmental Economics and Policy 10(1): 47-67.

McConnell, Virginia and Benjamin Leard. 2021. Pushing New Technology into the Market: California’s Zero Emissions Vehicle Mandate. Review of Environmental Economics and Policy 15(1): 169-179.

12 Emission Prices, Fees, and Taxes

*Aldy, Joseph E. 2020. . Review of Environmental Economics and Policy 14(1): 76-94.

*Coady, David, Ian W H Parry, and Baoping Shang. 2018. . Review of Environmental Economics and Policy 12(2): 197-219.

*Funke, Franziska, et al. 2022. Review of Environmental Economics and Policy 16(2).

*Leape, Jonathan. 2006. . Journal of Economic Perspectives 20(4): 157-176.

*Metcalf, Gilbert E. 2020.  . Review of Environmental Economics and Policy 14(1): 114-130. 

Nordhaus, William D. 2007. To Tax or Not to Tax: Alternative Approaches to Slowing Global Warming. Review of Environmental Economics and Policy 1(1) 26-44.

Tietenberg, Tom H. 2013. Reflections—Carbon Pricing in Practice.  Review of Environmental Economics and Policy 7(2): 313-329. 

13 Property Rights

Anderson, Terry L. and Dominic P. Parker. 2013. Transaction Costs and Environmental Markets: The Role of Entrepreneurs. Review of Environmental Economics and Policy 7(2): 259-275.

Ellerman, A. Denny, Claudio Marcantonini, and Aleksandar Zaklan. 2016. The European Union Emissions Trading System: Ten Years and Counting. Review of Environmental Economics and Policy 10(1): 89-107.

*Fisher-Vanden, Karen and Sheila Olmstead. 2013. .  Journal of Economic Perspectives 27 (1): 147-172.

*Goulder, Lawrence H. 2013. 27 (1): 87-102.

MacKenzie, Ian A. 2022. The Evolution of Pollution Auctions. Review of Environmental Economics and Policy 16(1): 1-24.

*Newell, Richard G., William A. Pizer, and Daniel Raimi. 2013. . Journal of Economic Perspectives 27 (1): 123-146.

*Schmalensee, Richard and Robert Stavins. 2013. .  Journal of Economic Perspectives 27 (1): 103-122.

*Schmalensee, Richard, Robert N. Stavins. 2017. . Review of Environmental Economics and Policy 11(1): 59-79.

Stavins, Robert N. 2022. The Relative Merits of Carbon Pricing Instruments: Taxes versus Trading.  Review of Environmental Economics and Policy 16(1): 62-82.

14 Regulation Over Space and Time

15 Voluntary Actions and Agreements

*Kotchen, Matthew J. and Kathleen Segerson. 2020. . Review of Environmental Economics and Policy 14(2): 173-193.

*Matisoff, Daniel C., Douglas S. Noonan, Mallory E. Flowers. 2016. . Review of Environmental Economics and Policy 10(2): 329-346.

Five: Advanced Topics

16 Regulation with Adverse Selection 

Hanemann, Michael. 2008. “California’s New Greenhouse Gas Laws.” Review of Environmental Economics and Policy 2 (1): 114–29. https://doi.org/10.1093/reep/rem030.

17 Audits, Enforcement, and Moral Hazard

Gray, Wayne B. and Jay P. Shimshack. 2011. The Effectiveness of Environmental Monitoring and Enforcement: A Review of the Empirical Evidence. Review of Environmental Economics and Policy 5 (1): 3-24.

18 Managing Risk and Uncertainty

Kousky, Carolyn. 2011. Managing Natural Catastrophe Risk: State Insurance Programs in the United States. Review of Environmental Economics and Policy 5 (1): 153-171.

19 International and Interregional Competition

*Clausing, Kimberly A. and Catherine Wolfram. 2023. . Journal of Economic Perspectives 37(3): 137-162. 

Ederington, Josh. 2010. Should Trade Agreements Include Environmental Policy? Review of Environmental Economics and Policy 4(1): 84-102.

*Esty, Daniel C. 2001. . Journal of Economic Perspectives 15(3): 113-130.

Levinson, Arik.  2010. Offshoring Pollution: Is the United States Increasingly Importing Polluting Goods. Review of Environmental Economics and Policy 4(1): 63-83.

Ruffing, Kenneth G. 2010. The Role of the Organization for Economic Cooperation and Development in Environmental Policy Making. Review of Environmental Economics and Policy 4(2): 199-220.

Weber, Jeremy G. 2020. How Should We Think about Environmental Policy and Jobs? An Analogy with Trade Policy and an Illustration from U.S. Coal Mining. Review of Environmental Economics and Policy 14(1): 44-66.

20 Environment, Growth, and Innovation 

Campiglio, Emanuele and Frederick van der Ploeg. 2022. Macrofinancial Risks of the Transition to a Low-Carbon Economy. Review of Environmental Economics and Policy 16(2).

Carson, Richard T. 2010. The Environmental Kuznets Curve: Seeking Empirical Regularity and Theoretical Structure. Review of Environmental Economics and Policy 4(1): 3-23.

Earnhart, Dietrich H., Madhu Khanna, and Thomas P Lyon. 2014. Corporate Environmental Strategies in Emerging Economies. Review of Environmental Economics and Policy 8(2): 164-185. 

*Fowlie, Meredith and Robyn Meeks. 2021. . Review of Environmental Economics and Policy 15(2): 238-260.