This study provides an empirical perspective on alternative irrigation policies for allocating limited water to agricultural production in Egypt. Positive mathematical programming is used for model calibration. Three policy options for Egypt are tested: water pricing, water complementary input...

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...

This paper incorporates a rich set of physical water quality attributes, as well as site and household characteristics, into a model of recreational lake usage in Iowa. Our analysis shows individuals are responsive to physical water quality measures and WTP estimates are reported based on...

Option contracts for water are emerging in some U.S. states as institutional and legal modifications allow water users to devise new mechanisms to increase reliability of water supply in dry years. Option contracts for water, though, are structurally distinct from financial derivatives and often...

Production data provided by commercial producers of grain sorghum is used to estimate response functions for three alternative management decision models. The evaluation of yield to the total water availability, irrigation, and water application as a percent of potential evapotranspiration. The...

Fuel ethanol demand is projected to increase because of proposed ban on methyl tertiary butyl ether (MTBE) in gasoline, renewable fuels standard, and the revised eight-hour ozone standards. In this paper, several scenarios of increased fuel ethanol demand and its effects on crop and feed prices,...

Infected wildlife cannot be selectively harvested for most diseases, complicating disease control. Targeting harvests by sex improves efficiency because disease transmission and prevalence usually vary by sex. We present a bioeconomic model of optimal deer and disease management that...

Vegetative fuels management for wildfire risk mitigation is increasing recognized as a crucial complement to suppression. We develop a nested rotation model to examine the fuel treatment timing in the context of a forest environment where part of the values at risk are standing timber to be...

This paper develops a single-season dynamic game between fishermen and regulators. Fishermen maximize the NPV of profits by their location choice in a system with congestion, adjustment costs, and adaptive, quota-driven, site closures. Simulation results reveal feedbacks between site-choice and...

This paper presents an empirical model for analyzing the economics of information acquisition and adaptive watershed management. An empirical application drawn from the Total Maximum Daily Load standard implemented to control in-stream water temperature pollution for the Navarro River watershed,...