who are nobel contenders if the prize is for environmental economics? there would be some environmental folks who can share the prize with nordhaus. weizman?
Official Economics Nobel Prize 2017 Predictions thread
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who are nobel contenders if the prize is for environmental economics? there would be some environmental folks who can share the prize with nordhaus. weizman?
If it were broadened to include resources, then Clark, Dasgupta, Heal, Hartwick would have to be considered as outsiders, but I think any focus in this field will be on climate change rather than actual fundamental contributions.
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Card and Krueger
What's wrong with Card and Krueger? Do you think their contributions are insufficient or do you think that they don't have any? Is the issue with Card, Krueger or both?
Nahhh. Higher wages cause unemployment as shown by the Seattle data:
http://www.nber.org/papers/w23532.pdfNo nobel for silly empirical work. Wages as a giffen good?/???
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One issue with Card is that his two most prominent studies are in direct opposition to one another with respect to the elasticity of demand for low-skilled labor. Since his prize would be more for a "body of work" than for a single, big idea, that could be a problem. If nothing else, it plays into the objections some will make about their not being enough economic content in reduced-form econometrics.