Over the last two decades, ambient-based tax mechanisms have been offered as a potential solution to the problem of nonpoint source water pollution. Previous theoretical analyses suggest that the performance of ambient-based tax mechanisms does not depend on firm characteristics, such as size,...

This article provides a practical, applied analysis of optimal targeting in agricultural land preservation, comparing the performance of four alternative targeting strategies. Nonmarket benefit data and hedonic cost estimates are used for parcels in Sussex County, Delaware. The results show that...

Protecting endangered species that offer poachers from low-income countries high economic benefits remains a policy challenge. A broadly applicable economic model of poaching shows why CITES international bans have not always been successful, especially in situations where black markets exist...