This study proposes a novel approach to estimating a recreational demand model that accounts for intra-household resource allocation. The technique is based on an analogy borrowed from the literature of collective household behavior and, in particular, on Browning, Chiappori and Lewbel...

This paper investigates the economic incentives for urban spatial expansion in China by estimating the value of urban land using an econometric model applied to data from the 220 largest Chinese cities for the period 1996-2003. The results are consistent with the proposition that the rapid rate...

A hedonic property value model, derived from a dynamic game theoretic framework, is estimated using data obtained for 211 subdivisions including 4628 building lots in five Maryland counties. Linear Box-Cox estimation results show that variables measuring subdivision specific amenities...

Many watershed organizations have prioritized establishing streamside (riparian) buffers on agricultural land to improve water quality. Using data from a 2000 survey of 500 Maryland landowners, we examine what level of financial incentives they would require to install such buffers for 15 years...

For the last 50 years, local, state and the federal governments have expressed concerns about farmland retention. Four benefits have been used to warrant farmland preservation programs: food security and local food supply, viable local agricultural economy, environmental and rural amenities, and...

Each year U.S. farmers receive more subsidies than needy families receive through welfare assistance or post-secondary students receive through student aid grants. Yet, who benefits from agricultural subsidies is an open question. Economic theory predicts the entire subsidy incidence should be...

We examine different market-based mechanisms and other incentives intended to promote the environmental remediation and reuse of brownfields. Policies that encourage cleanup and re-use of brownfields offer real estate developers reductions in regulatory burden, relief from liability for future...

The existing empirical literature on farmers' use of soil-conserving, runoff-reducing farming practices, while sizable, contains relatively little information on the influence of cost on adoption decisions and on how farmers combine multiple practices into an overall conservation package. Such...

This paper studies bidder behavior in an innovative program in which farmers compete to sell their development rights to the State. We derive a reduced form bidding model that includes both private value and common value components. This model allows us to estimate the role of bidder...