Dynamic Inconsistency, Environmental Policy, and Social Welfare

In2011, I was studying for my Master in Applied Economics at the Andres Bello Catholic University in Venezuela. There I took a course in Environmental Economics to get trained in the economics of dynamic resource allocations, market failures, public goods and property rights, environmental impact assessment and non-market valuation, pollution control policies, and biodiversity and biotechnology. One assignment consisted of writing and submitting a paper on a related topic of interest. I chose to apply the macro-framework of dynamic inconsistency in discretionary environmental policy decisions to evaluate their impact on social welfare. That paper was peer-reviewed and published a year later in the journal Atlantic Review of Economics under the title <a href="https://www.google.com/url?q=https%3A%2F%2Fwww.econstor.eu%2Fhandle%2F10419%2F67372&sa=D&sntz=1&usg=AOvVaw3Dhl3tdsq3ER2j_m-S8_ye" rel="noopener ugc nofollow" target="_blank">Política ambiental discrecional y bienestar social: un modelo de inconsistencia dinámica [</a>Discretionary Environmental Policy and Social Welfare: A Model of Dynamic Inconsistency]. In this post, I will briefly expose my findings. <a href="https://medium.com/@ljmaldon/dynamic-inconsistency-environmental-policy-and-social-welfare-a67245175d93">Read More</a>