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On Prevention and Control of an Uncertain Biological Invasion

Olson, Lars J.; Roy, Santanu - Department of Agricultural and Resource Economics, … - 2005

This paper examines how optimal prevention and control policies depend on the economic and biological characteristics of a randomly introduced biological invasion where the objective is to minimize the expected social costs from prevention, control, and invasion damages. The results characterize...

Persistent link: https://www.econbiz.de/10005310625

THE VALUE OF IMPROVED WATER QUALITY TO CHESAPEAKE BAY BOATERS

Lipton, Douglas W. - Department of Agricultural and Resource Economics, … - 2003

% expressing a zero willingness-to-pay. A tobit model was estimated to determine what factors influenced willingness to pay amounts …

Persistent link: https://www.econbiz.de/10005797947

Estimating Economic Benefits of Allowing a Flexible Window for Maryland Purchases of Sponge Crabs

Lipton, Douglas W.; Sieling, Bill - Department of Agricultural and Resource Economics, … - 2007

We estimate that crabmeat industry revenues from processing sponge crabs can increase by at least 56% over the current estimated value of production, from $1.6 million to $2.5 million. This gain can be realized by moving from the current fixed opening of the season during which the Maryland...

Persistent link: https://www.econbiz.de/10005797950

Optimal Contracts for Exploration with Cost Recovery of an Exhaustible Natural Resource Under Asymmetric Information

Helal, Uddin; Rahman, Shaikh Mahfuzur - Department of Agricultural and Resource Economics, … - 2006

Exploration of an exhaustible resource with cost recovery under asymmetric information about cost is modeled and analyzed employing Principal-Agent theory. Allocation of lower than full information level of effort for the high-cost firms is found socially optimal. However, distortion is less in...

Persistent link: https://www.econbiz.de/10005797951

WILLINGNESS OF FOREST LANDOWNERS TO USE POULTRY LITTER AS FERTILIZER

Lynch, Lori; Tjaden, Robert - Department of Agricultural and Resource Economics, … - 2001

When manure nutrients exceed a county's cropland assimilative capacity, the potential for water quality problems exists. Concerns about water quality have led to the passage of the Water Quality Improvement Act in Maryland which will impact the disposal of poultry litter on cropland. Forest...

Persistent link: https://www.econbiz.de/10005797957

Dynamic Sanitary and Phytosanitary Trade Policy

Olson, Lars J.; Roy, Santanu - Department of Agricultural and Resource Economics, … - 2008

their introduction has intertemporal consequences. In a dynamic economic model, an efficient trade policy balances the costs …

Persistent link: https://www.econbiz.de/10005797959

FUEL ETHANOL SUBSIDIES AND FARM PRICE SUPPORT: BOON OR BOONDOGGLE?

Gardner, Bruce L. - Department of Agricultural and Resource Economics, … - 2003

Persistent link: https://www.econbiz.de/10005797960

Sustainable Economic Development: On the Coexistence of Resource-Dependent and Resource-Impacting Industries

Lopez, Ramon E. - Department of Agricultural and Resource Economics, … - 2010

This paper studies the interactions between harvesters that depend on the renewable resource as a vital factor of … production (i.e., fisheries) and industries that can have important impacts on the renewable resource but whose production does … context of a closed economy focusing on how the co-existence between these two sectors affects the potential for sustainable …

Persistent link: https://www.econbiz.de/10008539727

World Economic Crises in Times of Environmental Scarcity and Wealth Concentration

Lopez, Ramon E. - Department of Agricultural and Resource Economics, … - 2009

Three new structural factors underlie the latest great world crisis: (1) the incorporation of highly populated countries into the growth process; (2) The increasing scarcity of the environment and certain natural resources; (3) the dramatic concentration of wealth and income in the advanced...

Persistent link: https://www.econbiz.de/10008474511

The Great Financial Crisis, Commodity Prices and Environmental Limits

Lopez, Ramon E. - Department of Agricultural and Resource Economics, … - 2009

This paper examines how certain new structural factors have contributed to the latest great financial crisis and world recession of 2008-09. We focus on three of these structural factors: (i) the incorporation of highly populated countries into the growth process; (ii) The increasing scarcity of...

Persistent link: https://www.econbiz.de/10004973977