Showing 1 - 10 of 39
Land-use changes involve important economic and environmental effects with implications for international trade, global … climate change, wildlife, and other policy issues. We use an econometric model to identify factors driving land-use change in … the United States between 1982 and 1997. We quantify the effects of net returns to alternative land uses on private …
Persistent link: https://www.econbiz.de/10005084904
rights in Brazil on the reluctance of landowners to rent because of a fear of expropriation arising from land reform. Since … 1964, the Land Statute in Brazil has targeted rental lands for redistribution. The expropriation of farms, resulting from … land conflicts, is currently at the heart of land reform policies in Brazil. Land conflicts are a means for landless …
Persistent link: https://www.econbiz.de/10008631684
erosion. Drifting sand from unprotected fields damaged neighboring farms. Small farmers cultivated more of their land and were …
Persistent link: https://www.econbiz.de/10005777670
This paper examines the origins and economic effects of the two dominant land demarcation systems: metes and bounds (MB … human structures and linked to surveys within local political jurisdictions. Under RS land demarcation is governed by a … in the original 13 states, Kentucky, and Tennessee. The RS is found elsewhere under the Land Ordinance of 1785 that …
Persistent link: https://www.econbiz.de/10005064830
This paper examines the economics of large scale institutional change by studying the adoption of the land demarcation … strong institutional path dependence that can influence transaction costs, the extent of land markets, and the nature of … resource use. The agricultural land institutions that we examine remain in force today, in some cases over 300 years later. In …
Persistent link: https://www.econbiz.de/10008610956
Understanding and minimizing the transaction costs of policy implementation are critical for reducing tropical forest losses. As the international community prepares to launch REDD+, a global initiative to reduce greenhouse gas emissions from tropical deforestation, policymakers need to pay...
Persistent link: https://www.econbiz.de/10008836719
This paper develops and tests the hypothesis that accounting rules mitigate the effect of tax policy on firm investment decisions by obscuring the timing of tax payments. I model a firm that maximizes a discounted weighted average of after-tax cash flows and accounting profits. I estimate the...
Persistent link: https://www.econbiz.de/10010969285
We analyze a comprehensive sample of more than 10,000 U.S. stocks in the OTC market. As little is known about this market, we first characterize OTC firms by trading venue and provide evidence on survival, success, frequency of venue changes, reporting status, and trading activity. A large...
Persistent link: https://www.econbiz.de/10010969441
Life insurers use accounting and actuarial techniques to smooth reporting of firm assets and liabilities, seeking to transfer surpluses in good years to cover benefit payouts in bad years. Nevertheless, these techniques been criticized as they make it difficult to assess insurers' true financial...
Persistent link: https://www.econbiz.de/10010950681
requirements increase as an asset's credit becomes impaired. When accounting rules require such an asset's value to be marked … selling the credit-impaired asset even if it has to accept a liquidity discount to do so. Using a sample of 5,014 repeat …
Persistent link: https://www.econbiz.de/10010950851