We employ a two-stage random utility model (RUM) to estimate people’ marginal willingness to pay (WTP) for enhancing community-level floodplain management activities reflected in the National flood insurance program (NFIP)’s Community Rating System (CRS) program. CRS is a voluntary program,...

Extant point-nonpoint trading programs involve trades of relatively certain point source emissions reductions for highly uncertain estimates of nonpoint reductions. Trade ratios, or uncertainty ratios, define the rate at which these imperfect substitute commodities are traded. Economic research...

The following article examines the impact of Hurricane Katrina on small business success and adaptation. Small business success is characterized as increased revenues when compared to pre-disaster levels. Adaptation is characterized as post-Katrina changes to business infrastructure. A...

Many invaded ecosystems appear subject to regime shifts—abrupt changes from one state to another after crossing a threshold or tipping point. The stability landscapes of such multi-stable systems, including their associated thresholds, have been shown to be endogenously determined within a...

One prominent feature of the US biofuels sector is its reliance on mandates to enforce use. The performance of this policy tool has been mixed, with corn-based ethanol production successfully meeting targets but cellulosic ethanol falling well short of them. A crucial difference in this setting...

There are many threats that contribute to the decline in honey bee colonies around the United States; among them is the Varroa mite, Varroa destructor. The Varroa mite is a significant threat to honey bees and, by extension, beekeepers across the United States. It is suspected to be one of the...

For many environmental problems, economics adaptation will likely be the primary means by which potential damages are avoided. How and by how much humans adapt to environmental risks, therefore, is a question of paramount importance. This paper uses a novel dataset documenting the introduction...