Continuous-time models of natural resource prices usually preclude the possibility of large changes (jumps) resulting from unexpected events. To test for the presence of jumps and/or ARCH effects, we combine bounds and the Monte Carlo test technique to obtain finite-sample, level-exact p-values....

Romania was one of the first transition countries in Europe to introduce auctions for allocating standing timber (stumpage) in public forests. In comparison with the former system in the country-administrative allocation at set prices-timber auctions offer several potential advantages: greater...

Concerns about rapid increases in the volume of electronic waste (e-waste) and its potential toxicity have sharpened policy makers' interest for extended producer responsibility to encourage manufacturers of consumer electronic devices (CEDs) to 'design for the environment'. This paper examines...

This paper applies concepts from the theory of Real Options to hedge uncertainty in transportation capacity and cost using derivative contracts, called truckload options. We make three contributions. First, we provide a closed-form pricing formula for basic truckload options when the truckload...

Research has shown that parental attitudes are a significant predictor of children’s active commuting (walking or biking) to school. However, the impact of parental gender on parental attitudes, and the link between parental attitudes and the gender gap in parental chauffeuring behavior have...

This paper explores quantitatively Californians' interest in hybrid electric vehicles (HEV) based on a statewide phone survey conducted in July 2004 by the Public Policy Institute of California. The paper develops ordered choice models and factors that summarise beliefs about energy and the...

This paper relies on a unique dataset collected during a national survey of US households to explore how different sources of information (print, television, radio, family/friends, work/school and others) influence the decision to start recycling. Although print media are influential, it is...