umu.sePublications
Change search
Link to record
Permanent link

Direct link
BETA
Kriström, Bengt
Publications (10 of 16) Show all publications
Kriström, B. & Johansson, P.-O. (2020). The Infinitely Worried Forest Owner Key Biotopes and Forest Certification in a Faustmann Model. Journal of Forest Economics, 35(1), 69-73
Open this publication in new window or tab >>The Infinitely Worried Forest Owner Key Biotopes and Forest Certification in a Faustmann Model
2020 (English)In: Journal of Forest Economics, ISSN 1104-6899, E-ISSN 1618-1530, Vol. 35, no 1, p. 69-73Article in journal (Refereed) Published
Abstract [en]

In this note, we consider a case when a forestry property may lose its market value through "political risk", illustrated here by it being classified as containing a key biotope. If a key biotope is found on a forest property in Sweden, the wood is almost impossible to sell. We show how the Faustmann formula is modified in this case and identify a "balance sheet" effect and a shortened rotation period. The theory seems to have some empirical support, given observed changes in bank lending contracts and alleged changes in forester's behavior to reduce the "political risk".

Place, publisher, year, edition, pages
Elsevier, 2020
National Category
Forest Science Other Social Sciences not elsewhere specified
Identifiers
urn:nbn:se:umu:diva-168181 (URN)10.1561/112.00000502 (DOI)000508628200004 ()
Available from: 2020-03-12 Created: 2020-03-12 Last updated: 2020-03-12Bibliographically approved
Angelov, A. G., Ekström, M., Kriström, B. & Nilsson, M. E. (2019). Four-decision tests for stochastic dominance, with an application to environmental psychophysics. Journal of mathematical psychology (Print), 93, Article ID 102281.
Open this publication in new window or tab >>Four-decision tests for stochastic dominance, with an application to environmental psychophysics
2019 (English)In: Journal of mathematical psychology (Print), ISSN 0022-2496, E-ISSN 1096-0880, Vol. 93, article id 102281Article in journal (Refereed) Published
Abstract [en]

If the survival function of a random variable X lies to the right of the survival function of a random variable Y, then X is said to stochastically dominate Y. Inferring stochastic dominance is particularly complicated because comparing survival functions raises four possible hypotheses: identical survival functions, dominance of X over Y, dominance of Y over X, or crossing survival functions. In this paper, we suggest four-decision tests for stochastic dominance suitable for paired samples. The tests are permutation-based and do not rely on distributional assumptions. One-sided Cramér–von Mises and Kolmogorov–Smirnov statistics are employed but the general idea may be utilized with other test statistics. The power to detect dominance and the different types of wrong decisions are investigated in an extensive simulation study. The proposed tests are applied to data from an experiment concerning the individual’s willingness to pay for a given environmental improvement.

Place, publisher, year, edition, pages
Elsevier, 2019
Keywords
Stochastic dominance, Stochastic ordering, Four-hypothesis test, Permutation test, Nonparametric approach, Environmental psychology
National Category
Probability Theory and Statistics Psychology Social Sciences Interdisciplinary
Research subject
Statistics; Psychology
Identifiers
urn:nbn:se:umu:diva-164293 (URN)10.1016/j.jmp.2019.102281 (DOI)2-s2.0-85073533401 (Scopus ID)
Funder
Marianne and Marcus Wallenberg Foundation, MMW 2017.0075The Jan Wallander and Tom Hedelius Foundation, P2015:0196:1
Available from: 2019-10-21 Created: 2019-10-21 Last updated: 2019-11-04Bibliographically approved
Johansson, P.-O. & Kriström, B. (2019). Welfare evaluation of subsidies to renewable energy in general equilibrium: Theory and application. Energy Economics, 83, 144-155
Open this publication in new window or tab >>Welfare evaluation of subsidies to renewable energy in general equilibrium: Theory and application
2019 (English)In: Energy Economics, ISSN 0140-9883, E-ISSN 1873-6181, Vol. 83, p. 144-155Article in journal (Refereed) Published
Abstract [en]

While support schemes to renewable energy are ubiquitous around the world today, there are few systematic welfare evaluations of their social benefits and costs in an economy-wide setting. We develop a general equilibrium cost–benefit rule to assess changes in quantity based subsidy schemes, “green” certificates, that support renewable electricity generation. An advantage to large-scale numerical models of the same issue is that we can go “into the black box” and uncover key economic mechanisms. We study a second-best economy with distorting taxes and pollution, so that a perturbation of the certificate scheme causes both benefits and costs; these items can be uncovered and estimated using our framework. To this end, we provide a user-friendly approximation for empirical implementation, which means that data requirement is modest relative to a typical computable general equilibrium model. We apply the theory to a currently existing scheme in Sweden taking into account “trickle-down” effects, including e.g. a loss of value-added tax income in the rest of the economy and environmental costs (i.e. externalities from electricity generation not currently internalized). We first present an ex post estimate, i.e. the welfare consequences of having scrapped the existing system 2003–2017 and then an ex ante analysis of extending the system to 2045. The latter includes a systematic sensitivity analysis based on Monte-Carlo simulation. Overall, we find net present value gains from removing the subsidy scheme, taking into account externalities, “trickle-down” and public finance repercussions.

Place, publisher, year, edition, pages
Elsevier, 2019
Keywords
Cost-benefit analysis, Green certificates, Swedish certificate scheme, Renewable energy, Second-best
National Category
Economics
Identifiers
urn:nbn:se:umu:diva-167606 (URN)10.1016/j.eneco.2019.06.024 (DOI)000506727900010 ()2-s2.0-85068889215 (Scopus ID)
Available from: 2020-02-25 Created: 2020-02-25 Last updated: 2020-02-25Bibliographically approved
B. Krishnamurthy, C. K. & Kriström, B. (2016). Determinants of the Price-Premium for Green Energy: Evidence from an OECD Cross-Section. Environmental and Resource Economics, 64(2), 173-204
Open this publication in new window or tab >>Determinants of the Price-Premium for Green Energy: Evidence from an OECD Cross-Section
2016 (English)In: Environmental and Resource Economics, ISSN 0924-6460, E-ISSN 1573-1502, Vol. 64, no 2, p. 173-204Article in journal (Refereed) Published
Abstract [en]

Using data from a survey of households in 11 OECD countries, this paper investigates the determinants of preferences for a completely green residential electricity system. Three important questions are addressed: (i) how much are households willing to pay to use only renewable energy? (ii) does willingness-to-pay (WTP) vary significantly across household groups and countries? and (iii) what drives the decision to enter the (hypothetical) market for green energy and, given entry, what drives the level of WTP? The analysis here differs from previous studies on green energy in two ways: first, data and analyses are comparable across countries and second, a comprehensive attempt is made to understand 0 WTP, and to accommodate-using a censored quantile regression (CQR) framework-unobserved heterogeneity. The survey data indicate a low WTP, at 11-12 % of current electric bill. This study also addresses a key question: how important is income for understanding WTP, relative to more "attitudinal" determinants? The effect of income overall appears ambiguous, with Tobit-like models indicating that income is not significant while the CQR indicates that income exerts a significant effect near the center of the distribution of WTP. Across all frameworks used, a key determinant of WTP appears to be environmental attitudes, particularly membership in an environmental organization.

Keywords
Green electricity, Willingness-to-pay, Censoring, Quantile regression, Renewable energy
National Category
Economics
Identifiers
urn:nbn:se:umu:diva-122549 (URN)10.1007/s10640-014-9864-y (DOI)000376683300002 ()
Available from: 2016-07-25 Created: 2016-06-20 Last updated: 2020-01-17Bibliographically approved
Riera, P., García, D., Kriström, B. & Brännlund, R. (2016). Manual de economía ambiental y de los recursos naturales (3ed.). Paraninfo
Open this publication in new window or tab >>Manual de economía ambiental y de los recursos naturales
2016 (Spanish)Book (Other academic)
Abstract [es]

Difícilmente pueden entenderse muchos de los impactos que infringimos al medio ambiente, así como sus soluciones, sin comprender la relación entre economía y medio ambiente. Cómo usamos y cómo podríamos utilizar mejor los recursos, sean estos renovables o no renovables. En cuánto valoramos las personas la protección de determinados espacios naturales o hasta cuánto estamos dispuestos a invertir para gozar de agua de mejor calidad. Cuándo vale la pena construir una carretera a pesar de sus impactos ambientales o cuándo renunciar a ella. Qué consecuencias tiene el que unos países adopten leyes ambientales más estrictas y otros más laxas. En cuánto deberíamos penalizar a aquellas industrias que dañan nuestro entorno. Cómo podemos lograr que se emitan menos gases de efecto invernadero en todo el mundo sin que nos cueste demasiado. Estas son algunas cuestiones que nos pueden preocupar y a las que este manual de economía ambiental y de los recursos naturales puede ayudar a dar respuesta. Los autores, todos ellos doctores de economía y profesores de universidad especialistas en economía del medio ambiente, han trasladado a este libro su experiencia docente y de investigación para que los lectores puedan introducirse a la economía ambiental y de los recursos naturales sin requerir de conocimientos específi cos previos. El libro se dirige no sólo a economistas o estudiantes de economía interesados en el medio ambiente, sino también, y especialmente, a otros estudiantes, profesionales y personas con preocupación ambiental y deseo de conocer lo que la economía puede aportar.

Place, publisher, year, edition, pages
Paraninfo, 2016. p. 339 Edition: 3
National Category
Economics
Identifiers
urn:nbn:se:umu:diva-123100 (URN)9788428398824 (ISBN)
Available from: 2016-06-27 Created: 2016-06-27 Last updated: 2018-06-07Bibliographically approved
Krishnamurthy, C. K. & Kriström, B. (2015). How large is the owner-renter divide in energy efficient technology? Evidence from an OECD cross-section.. Energy Journal, 36(4), 85-104
Open this publication in new window or tab >>How large is the owner-renter divide in energy efficient technology? Evidence from an OECD cross-section.
2015 (English)In: Energy Journal, ISSN 0195-6574, E-ISSN 1944-9089, Vol. 36, no 4, p. 85-104Article in journal (Refereed) Published
Abstract [en]

When the agent making an investment decision is different from the one bearing the costs of the decision, the outcome (energy usage, here) is socially sub-optimal, a scenario known in the energy efficient technology case as "split incentive" effect. Using a sample of households (from a survey conducted in 2011) from 11 OECD countries, this paper investigates the magnitude of the "split incentive" effect between home occupants who are owners and those who are renters. A wide variety of energy-related "technologies" are considered: appliances, energy efficient bulbs, insulation, heat thermostat, solar panels, ground source heat pumps and wind turbines. Mean difference in patterns of access to these technologies are consistent with the "split incentives" hypothesis. Regression results suggest that, even after controlling for the sizeable differences in observed characteristics, owners are substantially more likely to have access to energy efficient appliances and to better insulation as well as to heat thermostats. For relatively immobile investments such as wind turbines and ground source heat pumps, we find no differences between owners and renters.

Place, publisher, year, edition, pages
Cleveland: International association for energy economics, 2015
Keywords
Principal-agent problem, split incentives, energy efficiency
National Category
Economics Environmental Engineering
Identifiers
urn:nbn:se:umu:diva-110555 (URN)10.5547/01956574.36.4.ckri (DOI)000362151900005 ()
Available from: 2015-11-10 Created: 2015-10-23 Last updated: 2018-06-07Bibliographically approved
Mahieu, P.-A., Riere, P., Kriström, B., Brännlund, R. & Giergiczny, M. (2014). Exploring the determinants of uncertainty in contingent valuation surveys. Journal of Environmental Economics and Policy, 3(2), 186-200
Open this publication in new window or tab >>Exploring the determinants of uncertainty in contingent valuation surveys
Show others...
2014 (English)In: Journal of Environmental Economics and Policy, ISSN 2160-6544, E-ISSN 2160-6552, Vol. 3, no 2, p. 186-200Article in journal (Refereed) Published
Abstract [en]

This paper uses the interval data model to explore the determinants of uncertainty in two-way payment ladder and in multiple-bounded uncertainty choice surveys. It estimates the uncertainty function that relates the size of the willingness-to-pay range to explanatory variables, where one of them is a proxy of the actual willingness-to-pay. The combination of the interval data model and the inclusion of the proxy variable present some advantages over the ordinary least square estimations currently used in the literature. In particular, it reduces the risk of the omitted variable bias and it takes into account that the dependent variable is not fully observed.

Keywords
contingent valuation, multiple-bounded uncertainty choice, two-way payment ladder, uncertainty, C5, C93, Q51
National Category
Economics
Identifiers
urn:nbn:se:umu:diva-100741 (URN)10.1080/21606544.2013.876941 (DOI)
Note

Published online: 27 Jan 2014

Available from: 2015-03-09 Created: 2015-03-09 Last updated: 2018-06-07Bibliographically approved
Belyaev, Y. K. & Kriström, B. (2012). Two-step approach to self-selected interval data in elicitation surveys. Umeå: Umeå universitet
Open this publication in new window or tab >>Two-step approach to self-selected interval data in elicitation surveys
2012 (English)Report (Other academic)
Place, publisher, year, edition, pages
Umeå: Umeå universitet, 2012. p. 44
Series
CERE, Umea University & SLU, Working paper ; 2012:10
National Category
Probability Theory and Statistics
Identifiers
urn:nbn:se:umu:diva-87452 (URN)
Available from: 2014-04-01 Created: 2014-04-01 Last updated: 2018-06-08Bibliographically approved
Johansson, P.-O. & Kriström, B. (2011). A blueprint for a cost-benefit analysis of a water use conflict: hydroelectricity versus other uses. In: Per-Olov Johansson and Bengt Kriström (Ed.), Modern Cost-benefit Analysis of Hydropower Conflicts: (pp. 35-64). CHELTENHAM: Edward Elgar Publishing
Open this publication in new window or tab >>A blueprint for a cost-benefit analysis of a water use conflict: hydroelectricity versus other uses
2011 (English)In: Modern Cost-benefit Analysis of Hydropower Conflicts / [ed] Per-Olov Johansson and Bengt Kriström, CHELTENHAM: Edward Elgar Publishing, 2011, p. 35-64Chapter in book (Other academic)
Place, publisher, year, edition, pages
CHELTENHAM: Edward Elgar Publishing, 2011
National Category
Economics and Business
Identifiers
urn:nbn:se:umu:diva-74399 (URN)000293380500004 ()978-1-84980-880-4 (ISBN)978-1-84980-881-1 (ISBN)
Available from: 2013-06-28 Created: 2013-06-27 Last updated: 2018-06-08Bibliographically approved
Johansson, P.-O. & Kriström, B. (2011). Introduction. In: Per-Olov Johansson and Bengt Kriström (Ed.), Modern Cost-benefit Analysis of Hydropower Conflicts: (pp. 1-5). CHELTENHAM: Edward Elgar Publishing
Open this publication in new window or tab >>Introduction
2011 (English)In: Modern Cost-benefit Analysis of Hydropower Conflicts / [ed] Per-Olov Johansson and Bengt Kriström, CHELTENHAM: Edward Elgar Publishing, 2011, p. 1-5Chapter in book (Other academic)
Place, publisher, year, edition, pages
CHELTENHAM: Edward Elgar Publishing, 2011
National Category
Economics and Business
Identifiers
urn:nbn:se:umu:diva-74398 (URN)000293380500001 ()978-1-84980-880-4 (ISBN)978-1-84980-881-1 (ISBN)
Available from: 2013-06-28 Created: 2013-06-27 Last updated: 2018-06-08Bibliographically approved

Search in DiVA

Show all publications