The 2019 EAERE-FEEM Summer School will take place from June 30th to July 6th at the VIU campus on the Island of San Servolo, in Venice, located just in front of St. Mark’s Square. It is organized by the European Association of Environmental Economists (EAERE) and Fondazione Eni Enrico Mattei (FEEM), in collaboration with Venice International University (VIU).

The School topic is the Econometric Approaches for Environmental Policy Evaluation. Environmental policy has lately shifted more and more from traditional command-and-control regulation to market-based regulation (taxes and permits) that economists often advocate. The latest example is the European Trading System (ETS), which instituted a cap-and-trade program for CO2 emissions that is similar to the SO2 trading program that was previously established in the United States.

A timely question is how well these modern tools work and costly they are. Are standards set correctly where marginal benefits equal marginal cost? Do benefits capitalizes into housing prices? Is there market power or arae there significant transaction costs that keep the permit markets to function correctly? Policy makers are repeatedly asking for empirical evidence when they revise and implement regulations.

The 2019 Summer School is designed to introduce students to the latest econometric techniques to empirically estimate the effect of environmental policy on health outcomes, industry structure, wages, using micro-level data sets.