This paper attempts to measure, in a cost–benefit analysis, a stricter noise abatement programme for noise originating from roads in Israel. Using the hedonic price method for three large cities and rural area transactions, a benefit from noise reduction was found. In order to perform a social...

In Israel, the government currently implements various measures intended to reduce the amount of household waste sent to landfill. So far, however, these measures have resulted in only limited success. The commonly heard claim that municipalities prefer to continue sending waste to landfill...

A typical model of investment under uncertainty, where firms pay an irreversible cost in order to produce, is studied. The analysis has a novel focus on the recipient of this payment, which is modeled as a firm or government that sells a resource (or a right) necessary for the production of the...

Based on data from 92 Minnesota cities, the analyses shows that neither marginal price or average price appear as the better predictor of demand. The price elasticity of demand ranges from -. 17 for marginal price in the linear model to -.27 for average price in the log linear model. It appears...

This paper illustrates the use of alternative, non-market valuation methods to estimate the economic value of ecological damage caused by the invasive plant Acacia saligna. We discuss the motivation to perform an economic valuation for bio-invasion in general and then examine the costs and...

The issue of pricing nature reserves becomes more relevant as budgetary constraints become a limiting factor for their proper operation. This paper considers and compares different pricing alternatives for managing Nature Reserves (NRs) and applies them to two nature reserves in Israel. We...

Moral hazard, a mostly inevitable byproduct of all insurance programmes, creates special difficulties in crop insurance programmes. In this study of drought compensation programmes in Israel's Northern Negev, moral hazard was reflected mostly by the transition from the least extensive crop...

"We propose a regional cooperative water management system that combines aspects of a nonprofit regional utility and a representative governing body. The conceptual basis is temporal economic efficiency. To help the utility make acceptable management decisions, a representative body of water...