International donors invest billions of dollars to conserve ecosystems in low-income nations. The most common investments aim to encourage commercial activities, such as ecotourism, that indirectly generate ecosystem protection as a joint product. We demonstrate that paying for ecosystem...

Land value taxation has numerous potential advantages compared to conventional property taxes on capital and land. The models that establish these advantages, however, are grounded in the unlikely assumption that land values are assessed without error. This paper demonstrates that levying taxes...

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...