1 - 10 of 16 articles
Abstract: I present a model of the Maine lobster fishery that incorporates a monthly demand model and an empirically estimated production function that accounts for seasonal variability in catchability, inseason depletion, and congestion effects. I compare optimal exploitation with observed...
A few recent studies report that preferences elicited from a two-alternative choice format are different from those elicited from a three-alternative choice format, when both choice set designs contain a status quo option. We hypothesize that the choice format effect might disappear when we...
Abstract: This paper examines the role of uncertain crude oil prices, uncertain crop yields, and competition for acreage on corn, soybean, and switchgrass prices under biofuel production mandates. We find enforcement of the cellulosic mandate is costly in that it raises equilibrium prices of all...
Abstract: This paper estimates the costs of buying water use rights from farmers located in the Mafraq-Azraq basin in Jordan. The farmers' water supply curve is estimated using data gathered from a contingent valuation survey and nonparametric procedures. Estimation results indicate that a total...
Abstract: Water quality regulation continues to be controversial, as demonstrated by recent litigation between the U.S. Environmental Protection Agency and the state of Florida over nutrient standards. While the costs of standards are usually known, benefits may be diverse and difficult to...
Abstract: Residential community associations (RCAs) are said to be an efficient institutional agreement to limit local spillovers. While several studies have identified a positive marginal effect of RCA rules, none have explicitly measured the effectiveness of these institutions to limit local...
Abstract: This article investigates the behavioral drivers of pasture creation and associated implications for deforestation in a 22,000 km 2 agricultural frontier spanning the base of Mexico's southern Yucatán. After developing a theoretical model that highlights the role of social networks and...
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