I am sick of reading about infrastructure. Everyone agrees that we need it. There is consensus that if we build infrastructure and maintain it we will be healthier, wealthier and better off. We know that infrastructure is the best use of our money and that now is the...
Month: October 2015
An economist who loves to code?
We are convinced that we are not the only people with graduate degrees in economics and business who love to write code. We use Python to automate cost benefit analysis. We use Monte Carlo simulation to simulate risk. We pull data from multiple government and academic...
The Cost of a Green American Dream
I recently started taking care of my lawn after years of neglecting it. Unfortunately, no one told me how much effort it would take to keep it up. Before my days of fertilizing and watering grass, I had time to do more important things like binge watching Netflix or...
Do You Know What Your Time Is Worth?
I’m sure you’ve heard the old adage ‘time is money’, but have you ever asked yourself just how much money your time is actually worth? This question has been of interest to economists for a long time, having been heavily researched for over 50 years. The answer to...
U.S. Government Departments to Value Ecosystems Services in Decisions
The U.S. Federal Administration released a new memorandum directing Federal agencies to factor the value of ecosystem services into Federal planning and decision-making (Announcement). From "Incorporating Ecosystem Services into Federal Decision Making" (Memo)....
U.S. Government Department to Value Ecosystems Services in Decisions
The U.S. Federal Administration released a new memorandum directing Federal agencies to factor the value of ecosystem services into Federal planning and decision-making (Announcement). From "Incorporating Ecosystem Services into Federal Decision Making" (Memo) Today,...
EPA Ozone Regulation
The EPA’s has tightened NAAQS standards for ground-level ozone. Last week, the EPA issued a new rule that lowers the allowable amount of ozone from 75 parts per billion to 70 parts per billion. AutoCASE has that externality covered. "On October 1, 2015, EPA...
Plants and Productivity
I admit it. Yesterday, I fell asleep in my office. I decided instead of going for my 5th cup of coffee, I went for a very refreshing walk in the park. This got me thinking of a research study conducted in Scotland that showed a 10-minute stroll through the park eases...
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