We estimate the landowner response to and fiscal effects of a temporary reduction in capital gains taxes imposed on land sales. The underlying normative decision rules are first derived and solved numerically using stochastic dynamic programming. The landowner preferences and willingness to sell...

What happens when an environmental NGO (ENGO) becomes involved in fisheries management, and its involvement is recognized by the managing authorities? The answer depends on the preferences and the measures of the ENGO. We use a bioeconomic objective function where fishers and regulator have...

Individual transferable quotas (ITQs) induce changes along both the extensive margin—via consolidation of quota among fewer vessels—and the intensive margin, as harvesters adjust their behavior to ITQ incentives. We use ITQ introduction in the Bering Sea crab fishery to decompose the sources...

Available estimates of the land use changes and greenhouse gas emissions of biofuels differ significantly across economic models. This paper focuses on the impacts of price-induced yield assumptions on U.S. corn ethanol results. These assumptions have dramatic impacts within the FAPRI modeling...

A model for the recovery of an endangered species is developed and applied to the red-cockaded woodpecker (Picoides borealis), a species once abundant in the southeastern United States. There is a finite set of recovery actions that might be implemented in each period, with the goal of reaching...

Does community management improve the condition of local natural resources? Do interventions by official agencies enhance the functions of voluntary communal management? With 101 randomly sampled natural forests in the Middle Hills of Nepal, we address these questions. Forest condition was...

This paper deals with the time consistency problem associated with buyback schemes, arising from the fact that the schemes may be anticipated by vessel owners. After reviewing and elaborating upon the key results of our recently published article on buybacks and limited-entry programs, we...

This paper models landowner behavior on timberland subject to damage by fire. We examine how management decisions by adjacent landowners yield outcomes that diverge from the social optimum, and consider how this divergence depends on landowner preferences and information. We conduct a numerical...

I analyze drivers of investment in a fishery with tradable quotas. Theory predicts that tradable quotas increase efficiency because efficient firms buy quotas from less efficient firms. I identify what drives investment, using data on Norwegian purse seiners. Results show that while the basic...

Debates about forest concessions in the Brazilian Amazon have focused on the government’s enforcement capacity. Using an optimization model largely parameterized with data from the Eastern Amazon, we investigate the effectiveness of renewability audits and performance bonds in inducing...