{"id":3958,"date":"2011-10-06T05:00:36","date_gmt":"2011-10-06T09:00:36","guid":{"rendered":"http:\/\/marcfbellemare.com\/wordpress\/?p=3958"},"modified":"2011-10-06T09:34:05","modified_gmt":"2011-10-06T13:34:05","slug":"new-environmental-economics-blog","status":"publish","type":"post","link":"https:\/\/marcfbellemare.com\/wordpress\/3958","title":{"rendered":"New Blog on Environmental Economics and Policy"},"content":{"rendered":"<p>I had been meaning to introduce <a title=\"Lori Bennear Blog\" href=\"http:\/\/sites.nicholas.duke.edu\/loribennear\/environmental-economics-blog\/\" target=\"_blank\">this new environmental economics blog<\/a>, courtesy of my colleague Lori Bennear, who is an Assistant Professor in the Nicholas School of the Environment here at Duke.<\/p>\n<p>In <a title=\"Fracking Externalities and the Coase Theorem\" href=\"http:\/\/sites.nicholas.duke.edu\/loribennear\/2011\/09\/05\/fracking-externalities-and-the-coase-theorem\/\" target=\"_blank\">one of her first posts<\/a>, Lori looks at the externalities from fracking in relation to the Coase Theorem:<\/p>\n<p style=\"padding-left: 30px;\">There are many potential externalities associated with fracking.\u00a0 An excellent analysis of potential externalities from methane contamination of groundwater by Osborn, Vengosh, Warner, and Jackson, all from Duke, can be found in\u00a0<a href=\"http:\/\/www.pnas.org\/content\/early\/2011\/05\/02\/1100682108\">this paper<\/a>.\u00a0 Today&#8217;s blog will focus on a different aspect of the fracking debate &#8212; the negative externalities associated with radioactive wastewater.<!--more--><\/p>\n<p style=\"padding-left: 30px;\">Time for some economics.\u00a0 In last week\u2019s post I argued that economists don&#8217;t think free markets can solve environmental problems and we needed regulation.\u00a0 So far, nobody has called me on that one.\u00a0 Probably because this is an environment school and I\u2019m preaching to the choir.\u00a0 But, it turns out, that there is a strain of economics dating back to 1960s that argues regulation is not always necessary.\u00a0 The economist who first articulated this argument was Ronald Coase and he eventually won a nobel prize for this research.\u00a0 Coase would argue that if property rights are well-defined, the actors in my stylized fracking example could sort the problem out themselves through negotiation.<\/p>\n<p>If you are interested in environmental policy, the RSS feed for Lori&#8217;s blog is <a title=\"Lori Bennear RSS Feed\" href=\"http:\/\/sites.nicholas.duke.edu\/loribennear\/feed\/\" target=\"_blank\">here<\/a>.<\/p>\n<p style=\"padding-left: 30px;\">\n","protected":false},"excerpt":{"rendered":"<p>I had been meaning to introduce this new environmental economics blog, courtesy of my colleague Lori Bennear, who is an Assistant Professor in the Nicholas<\/p>\n<div class=\"more-link-wrapper\"><a class=\"more-link\" href=\"https:\/\/marcfbellemare.com\/wordpress\/3958\">Continue reading<span class=\"screen-reader-text\">New Blog on Environmental Economics and Policy<\/span><\/a><\/div>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7,55,21,12],"tags":[],"class_list":["post-3958","post","type-post","status-publish","format-standard","hentry","category-blogging","category-economics","category-environment","category-policy","entry"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p1gPg8-11Q","_links":{"self":[{"href":"https:\/\/marcfbellemare.com\/wordpress\/wp-json\/wp\/v2\/posts\/3958","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/marcfbellemare.com\/wordpress\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/marcfbellemare.com\/wordpress\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/marcfbellemare.com\/wordpress\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/marcfbellemare.com\/wordpress\/wp-json\/wp\/v2\/comments?post=3958"}],"version-history":[{"count":10,"href":"https:\/\/marcfbellemare.com\/wordpress\/wp-json\/wp\/v2\/posts\/3958\/revisions"}],"predecessor-version":[{"id":3970,"href":"https:\/\/marcfbellemare.com\/wordpress\/wp-json\/wp\/v2\/posts\/3958\/revisions\/3970"}],"wp:attachment":[{"href":"https:\/\/marcfbellemare.com\/wordpress\/wp-json\/wp\/v2\/media?parent=3958"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/marcfbellemare.com\/wordpress\/wp-json\/wp\/v2\/categories?post=3958"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/marcfbellemare.com\/wordpress\/wp-json\/wp\/v2\/tags?post=3958"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}