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Environmental and Energy Economics
A research group of the Business School.
Our team of internationally renowned researchers work on a wide range of prominent environmental and energy problems. Many of these issues are associated with failure or absence of proper markets. They hence require corrective public policy actions to increase the efficiency of economic outcomes.
The members of this group have a record of intensely active international and national research networking, with an emphasis on interdisciplinary collaborations. Both large-scale system modelling of environmental and energy issues, as well as local policy design and correction are subjects of investigation. Amongst the topics of recent research we have:
- water studies on the consumer side (residential and commercial), on fresh water system improvement from diffuse rural pollution, on flooding and climate change;
- development of recreational models to drive cost effective investments in systems of protected areas (e.g. alpine national parks);
- determinants of ambient heater adoption and geographical models of adoption of renewable;
- broad energy policy and agri-environmental incentive mechanism policy design;
- international environment agreements.
Our researchers' work provides leading quality information to national public regulators (DEFRA, OFGEM and OFWAT), international organisations (EU Commission, World Bank, UNEP and FAO) and natural resource managers (land management agencies).
We maintain strong interdisciplinary collaboration with engineers, biologists and environmental specialists across Durham University, and beyond. All members of our team are involved as peer-reviewers in leading field journals, and the professors have roles in editorial boards and management of international journals.
Faculty, Durham University Business School, Mill Hill Lane, Durham DH1 3LB
- Dr Ashar Aftab
- Professor Tooraj Jamasb
- Dr Laura Marsiliani
- Dr Thomas Renstrom
- Dr Bibhas Saha
- Dr Lucia Sbragia
- Prof Riccardo Scarpa
- Mr Sergio Vallesi
Research Staff, Durham University Business School, Mill Hill Lane, Durham DH1 3LB
Publications by staff in this group
- Aftab, A., Hanley, N. & Baiocchi, G. (2017). Transferability of Policies to Control Agricultural Nonpoint Pollution in Relatively Similar Catchments. Ecological Economics 134: 11-21.
- Jamasb, T., Nepal, R. & Timilsina, G. (2017). A Quarter Century Effort Yet to Come of Age: A Survey of Electricity Sector Reform in Developing Countries. The Energy Journal 38(3): 195-234.
- Poudineh, R. & Jamasb, T. (2017). Electricity Supply Interruptions: Sectoral Interdependencies and the Cost of Energy Not Served for the Scottish Economy. The Energy Journal 38(1): 51-76.
- Nepal, Rabindra, Jamasb, Tooraj & Tisdell, Clement Allan (2017). On Environmental Impacts of Market-Based Reforms: Evidence from the European and Central Asian Transition Economies. Renewable and Sustainable Energy Reviews 73: 44-52.
- Jobling, A. & Jamasb, T. (2017). Price Volatility and Demand for Oil: A Comparative Analysis of Developed and Developing Countries. Economic Analysis and Policy 53: 96-113.
- Orea, L. & Jamasb, T. (2017). Regulating Heterogeneous Utilities: A New Latent Class Approach with Application to the Norwegian Electricity Distribution Networks. The Energy Journal 38(4): 101-127.
- Llorca, M., Baños, J., Somoza, J. & Arbués, P. (2017). A stochastic frontier analysis approach for estimating energy demand and efficiency in the transport sector of Latin America and the Caribbean. The Energy Journal 38(5).
- Fu, B., Dyer, F., Kravchenko, A., Dyack, B., Merritt, W. & Scarpa, R. (2017). A note on communicating environmental change for non-market valuation. Ecological Indicators 72: 165-172.
- Thiene, M., Swait, J. & Scarpa, R. (2017). Choice set formation for outdoor destinations: the role of motivations and preference discrimination in site selection for the management of public expenditures on protected areas. Journal of Environmental Economics and Management 81: 152-173.
- Caputo, V., Scarpa, R. & Nayga, R. (2017). Cue versus independent food attributes: the effect of adding attributes in choice experiments. European Review of Agricultural Economics 44(2): 211-230.
- Gibson, J., Scarpa, R. & Rohorua, H. (2017). Estimating the willingness to pay for Warmer and Drier Homes. New Zealand Economic Papers 51(1): 15-27.
- Thiene, M., Shaw, D. & Scarpa, R. (2017). Perceived risks of mountain landslides in Italy: stated choices for subjective risk reductions. Landslides 14(3): 1077-1089.
- McMichel, A., Boeri, M., Rolison, J., Kane, J., O’Neill, F., Kee, F. & Scarpa, R. (2017). The influence of genotype information on psychiatrists’ treatment recommendations: more experienced clinicians know better what to ignore. Value in Health 20(1): 126-131.
- Matthews, Y., Scarpa, R. & Marsh, D. (2017). Using virtual environments to improve the realism of choice experiments: a case study about coastal erosion management. Journal of Environmental Economics and Management 81: 193-208.
- Yan, C. & Zhang, H. (2017). Mean-Variance versus Naïve Diversification: The Role of Mispricing. Journal of International Financial Markets Institutions & Money 48: 61-81.
- Poudineh, R. & Jamasb, T. (2016). Determinants of Investment under Incentive Regulation: The Case of the Norwegian Electricity Distribution Networks. Energy Economics 53: 193-202.
- Carvalho, A., Nepal, R. & Jamasb, T. (2016). Economic Reforms and Human Development: Evidence from Transition Economies. Applied Economics 48(14): 1330-1347.
- Tobiasson, W., Beestermöller, C. & Jamasb, T. (2016). Public Engagement in Electricity Network Development: The Case of the Beauly–Denny Project in Scotland. Economia e Politica Industriale 43(2): 105-126.
- Tobiasson, W. & Jamasb, T. (2016). The Solution that Might Have Been: Resolving Social Conflict in Deliberations about Future Electricity Grid Development. Energy Research & Social Science 17: 94-101.
- Llorca, M., Orea, L. & Pollitt, M. G. (2016). Efficiency and environmental factors in the US electricity transmission industry. Energy Economics 55: 234-246.
- Newman, P.A., Cameron, S., Roungprakhon, S., Tepjan, S. & Scarpa, R. (2016). Acceptability and Preferences for Hypothetical Rectal Microbicides among a Community Sample of Young Men who have Sex with Men and Transgender Women in Thailand: A Discrete Choice Experiment. AIDS and Behaviour 20(11): 2588-2601.
- Franceschinis, C., Scarpa, R., Thiene, M., Rose, J., Moretto, M. & Cavalli, R. (2016). Exploring The Spatial Heterogeneity of Individual Preferences for Ambient Heating Systems. Energies 9(6): 407.
- Mattea, S., Franceschinis, C., Scarpa, R. & Thiene, M. (2016). Valuing landslide risk reduction programs in the Italian Alps: the effect of visual information on preference stability. Land Use Policy 59: 176-184.
- Fuertes, A., Phylaktis, K. & Yan, C. (2016). Hot money in bank credit flows to emerging markets during the banking globalization era. Journal of International Money and Finance 60: 29-52.
- Yan, C., Phylaktis, K. & Fuertes, A. (2016). On cross-border bank credit and the U.S. financial crisis transmission to equity markets. Journal of International Money and Finance 69: 108-134.
- Poudineh, R. & Jamasb, T. (2015). A New Perspective: Investment and Efficiency under Incentive Regulation. The Energy Journal 36(4): 241-263.
- Nepal, R. & Jamasb, T. (2015). Caught Between Theory and Practice: Government, Market, and Regulatory Failure in Electricity Sector Reforms. Economic Analysis and Policy 46: 16-24.
- Nepal, R. & Jamasb, T. (2015). Incentive regulation and utility benchmarking for electricity network security. Economic Analysis and Policy 48: 117-127.
- Jamasb, T. & Nepal, R. (2015). Issues and Options in the Economic Regulation of European Network Security. Competition and Regulation in Network Industries 16(1): 2-22.
- Nepal, R. & Jamasb, T. (2015). Market integration with energy-only markets and renewables: lessons of experience from Australia. Oxford Energy Forum (104): 14-16.
- Orea, L., Growitsch, C. & Jamasb, J. (2015). Using Supervised Environmental Composites in Production and Efficiency Analyses: An Application to Norwegian Electricity Networks. Competition and Regulation in Network Industries 16(3): 260-288.
- Jamasb, T. & Pollitt, M.G. (2015). Why and How to Subsidise Energy R+D: Lessons from the Collapse and Recovery of Electricity Innovation in the UK. Energy Policy 83: 197-205.
- Orea, L., Llorca, M. & Filippini, M. (2015). A new approach to measuring the rebound effect associated to energy efficiency improvements: An application to the US residential energy demand. Energy Economics 49: 599-609.
- Amin, S. B. & Marsiliani, L. (2015). Energy Price Shocks in Dynamic Stochastic General Equilibrium: The Case of Bangladesh. Review of Business and Economics Studies 3(4): 12-21.
- Renström, T. & Spataro, L. (2015). Population Growth and human capital: a Welfarist Approach. The Manchester School 83(S2): 110-141.
- Thiene, M., Scarpa, R. & Louviere, J. (2015). Addressing preference heterogeneity, multiple scales and attribute attendance with a correlated finite mixing model of tap water choice. Environmental and Resource Economics 62(3): 637-656.
- Yao, R., Scarpa, R., Rose, J.M. & Turner, J. (2015). Experimental Design Criteria and Their Behavioural Efficiency: An Evaluation in the Field. Environmental and Resource Economics 62(3): 433-455.
- Mkwara, L., Marsh, D. & Scarpa, R. (2015). The effect of within-season variability on estimates of recreational value for trout anglers in New Zealand. Ecological Economics 119: 338-345.
- Yan, C. (2015). Foreign Investors in Emerging Equity Markets: Currency Effect Perspective. Journal of Investment Consulting 16(1): 43-72.
- Pal, R. & Saha, B. (2015). Pollution Tax, Partial Privatization and Environment. Resource and Energy Economics 40: 19-35.
- Poudineh, R. & Jamasb, T. (2014). Distributed Generation, Storage, Demand Response, and Energy Efficiency as Alternatives to Grid Capacity Enhancement. Energy Policy 67: 222-231.
- Nepal, R., Jamasb, T. & Tisdell, C.A. (2014). Market-Related Reforms and Increased Energy Efficiency in Transition Countries: Empirical Evidence. Applied Economics 46(33): 4125-4136.
- Nepal, R., Menezes, F. & Jamasb, T. (2014). Network Regulation and Regulatory Institutional Reform: Revisiting the Case of Australia. Energy Policy 73: 259-268.
- Godarzi, A.A., Madadi Amiri, R., Talaei, A. & Jamasb, T. (2014). Predicting Oil price Movements: A Dynamic Artificial Neural Network Approach. Energy Policy 68: 371-382.
- Llorca, M., Orea, L. & Pollitt, M.G. (2014). Using the latent class approach to cluster firms in benchmarking: An application to the US electricity transmission industry. Operations Research Perspectives 1(1): 6-17.
- Campbell, D., Hensher, D.A. & Scarpa, R. (2014). Bounding WTP distributions to reflect the ‘actual’ consideration set. Journal of Choice Modelling 11: 4-15.
- Aravena, C., Martinsson, P. & Scarpa, R. (2014). Does money talk? — The effect of a monetary attribute on the marginal values in a choice experiment. Energy Economics 44: 483-491.
- Tee, J., Scarpa, R., Marsh, D. & Guthrie, G. (2014). Forest valuation under the New Zealand Emissions Trading Scheme: a real options binomial tree with stochastic carbon and timber prices. Land Economics 90(1): 44-60.
- Boeri, M., Scarpa, R. & Chorus, C.G. (2014). Stated choices and benefit estimates in the context of traffic calming schemes: Utility maximization, regret minimization, or both?. Transportation Research Part A: Policy and Practice 61: 121-135.
- Rungie, C., Scarpa, R. & Thiene, M. (2014). The influence of individuals in forming collective household preferences for water quality. Journal of Environmental Economics and Management 68(1): 161-174.
- Yao, R.T., Scarpa, R., Turner, J.A., Barnard, T.D., Rose, J.M., Palma, J.H.N. & Harrison, D.R. (2014). Valuing biodiversity enhancement in New Zealand's planted forests: Socioeconomic and spatial determinants of willingness-to-pay. Ecological Economics 98: 90-101.
- Saha, B. & Pal, R. (2014). Mixed duopoly and environment. Journal of Public Economic Theory 16(1): 96-118.
- Kampas, A., Melfou, K. & Aftab, A. (2013). Designing Regulatory Policies for Complex Externalities: The Case of Agricultural Pollution. Agricultural Economics Review 14(2).
- Meier, H., Jamasb, T. & Orea, L. (2013). Necessity or Luxury Good? Household Energy Spending and Income in Britain 1991-2007. The Energy Journal 34(4): 109-128.
- Jamasb, T. & Nepal, R. (2013). Security of the European Electricity Systems: Conceptualizing the Assessment Criteria and Core Indicators. International Journal of Critical Infrastructure Protection 6(3-4): 182-196.
- Cicia, G., Cembalo, L., Del Giudice, T. & Scarpa, R. (2013). Country-of-origin effects on Russian wine consumers. Journal of Food Products Marketing 19(4): 247-260.
- Thiene, M., Scarpa, R., Galletto, L. & Boatto, V. (2013). Determinants of WTP for Prosecco wine: a latent class regression with attitudinal responses. British Food Journal 11(2): 279-289.
- Caputo, V., Nayga R. & Scarpa R. (2013). Food miles or carbon emissions? Exploring labeling preference for food transport footprint with a stated choice study. Australian Journal of Agricultural and Resource Economics 57: 465-482.
- Scarpa, R., Zanoli R., Bruschi V. & Naspetti S. (2013). Inferred and stated attribute non-attendance in food choice experiments. American Journal of Agricultural Economics 95(1): 165-180.
- Thiene, M., Scarpa R., Galletto L. & Boatto V. (2013). Sparkling wine choice from supermarket shelves: the impact of certification of origin and production practices. Agricultural Economics 44: 523-536.
- Cameron M. P., Newman P. A., Roungprakhon S. & Scarpa R. (2013). The Marginal Willingness-to-Pay for Attributes of a Hypothetical HIV Vaccine. Vaccine 31(36): 12: 3712–3717.
- Sen, A. & Jamasb, T. (2012). Diversity in Unity: An Empirical Analysis of Electricity Deregulation in Indian States. The Energy Journal 33(1): 83-130.
- Growitsch, C., Jamasb, T., & Wetzel, H. (2012). Efficiency effects of observed and unobserved heterogeneity: Evidence from Norwegian electricity distribution networks. Energy Economics 34(2): 542-548.
- Jamasb, T., Orea, L. & Pollitt, M.G. (2012). Estimating Marginal Cost of Quality Improvements: The Case of the UK Electricity Distribution Companies. Energy Economics 34(5): 1498-1506.
- Nepal, R. & Jamasb, T. (2012). Interconnections and Market Integration in the Irish Single Electricity Market. Energy Policy 51: 425-434.
- Jamasb, T. & Nepal, R. (2012). Reforming the Power Sector in Transition: Do Institutions Matter?. Energy Economics 34(5): 1675-1682.
- Spataro, L. & Renstrom, T. (2012). Optimal taxation, critical-level utilitarianism and economic growth. Journal of Public Economics 96(9-10): 727-738.
- Stithou, M. & Scarpa, R. (2012). Collective versus voluntary payment in contingent valuations for the conservation of marine biodiversity: an exploratory study from Zakynthos, Greece. Ocean and Coastal Management 56: 1-9.
- Campbell, D., Hensher D. & Scarpa R. (2012). Cost thresholds, cut-offs and sensitivities in stated choice analysis: identification and implications. Resource and Energy Economics 34(3): 396-411.
- Nocella, G., Boecker, A., Hubbard, L. & Scarpa, R. (2012). Eliciting consumer preferences for certified animal-friendly foods: can elements of the theory of planned behavior improve choice experiment analysis? Psychology and Marketing 29(11): 850-868.
- Zanoli, R. Scarpa, R. , Napolitano, F. Piasentier, E. Naspetti, S. & Bruschi V. (2012). Organic label as an identiﬁer of environmentally related quality: A consumer choice experiment on beef in Italy. Renewable Agriculture and Food Systems 28(1): 70-79.
- Scarpa, R., Thiene, M. & Hensher D. (2012). Preferences for tap water attributes within couples: An exploration of alternative mixed logit parameterizations. Water Resources Research
- Jamasb, T., Nepal, R. & Timilsina, G. R. (2015). A Quarter Century Effort Yet to Come of Age: A Survey of Power Sector Reform in Developing Countries. Environment and Energy Team, Development Research Group. The World Bank Group.
- Singh, A., Jamasb, T., Nepal, R. & Toman, M. A. (2015). Cross-Border Electricity Cooperation in South Asia. Environment and Energy Team, Development Research Group. The World Bank.