The Ohio State University

How Big are the Damages from Algal Blooms for Beaches and Fishing in Lake Erie?

By Brent Sohngen (sohngen.1@osu.edu) A consulting company, Key-Log Economics has just released a report estimating the economic benefits from phosphorus reductions in Lake Erie (http://www.keylogeconomics.com/lakeerievalue.html).  This report adds up estimates from a variety of studies and attempts to calculate a…

Carbon tax or Green New Deal?

Published in Columbus Dispatch, March 15, 2019 by Brent Sohngen Ohioans are about to get another taste of carbon taxes if legislators approve some amount of a gasoline-tax increase as proposed by Gov. Mike DeWine. The legislature will never call…

Ohio Gas Tax Proposal

Ohio Governor Mike DeWine has proposed an $0.18 per gallon increase in the state gas tax, taking the tax from $0.281 to $0.46 per gallon.  The tax is proposed to fund state transportation infrastructure improvements.  As you decide you opinion…

The U.S.-China trade war: why not go back to the WTO?

Last week, bilateral trade talks in Washington D.C. ended with China inviting the U.S. to send a negotiating team to Beijing this month (The Guardian, January 31, 2019).  The headline news from the talks was that the Chinese delegation offered…

What does “reciprocity” in trade negotiations actually mean?

Among several issues raised by the Administration’s unfolding approach to trade policy, one really caught my eye last week when Representative Sean P. Duffy of Wisconsin proposed granting the President new executive powers to raise tariffs on U.S. imports, stating…

70% tax rates?…GASP!

There’s been a lot of talk, and confusion, in the news recently about income tax rates, and marginal tax rates in particular, and anytime someone in the news mentions anything ‘marginal’ economists get overly excited.   Here’s a quote from a…

Carbon Taxes?

Well, Tim, I would agree that a national carbon tax would be a good addition to our set of climate policy tools, but let’s be realistic about what it will accomplish.  A carbon tax of $50 per ton CO2 amounts…

Do all economists agree that a Carbon Tax is the best way to address climate change?

Economist and former Chair of the Federal Reserve, Janet Yellen, is circulating a letter signed by “27 Nobel Laureate economists, 3 other former Chairs of the Federal Reserve and 15 former Chairs of the Council of Economic Advisers” that claims…

Missing WASDE

In the absence of a USDA WASDE report tomorrow (due to the government shutdown), AEDE Farm Management Program Manager Ben Brown (with editorial help from AEDE Student Services Coordinator Sarah Cole) penned a poem expressing his shared frustration: Twas the night…