Similar Search Results

Banzhaf, H. Spencer; Smith, V. Kerry - 2022

The National Park Service and other agencies have argued that our recreation lands face a crisis of deferred maintenance. This paper evaluates two proposals for funding public lands, increasing gate fees and taxing recreational gear. It analyzes the joint welfare effects of such taxes and the...

Persistent link: https://www.econbiz.de/10013294774

Tourism and Economic Development : Evidence from Mexico's Coastline

Faber, Benjamin - 2016

Tourism is a fast-growing services sector in developing countries. This paper combines a rich collection of Mexican … consequences of tourism both locally and in the aggregate. We find that tourism causes large and significant local economic gains … regions, so that the national gains from trade in tourism are mainly driven by a classical market integration effect …

Persistent link: https://www.econbiz.de/10012989735

Is the Endangered Species Act Endangering Species?

List, John A. - 2007

We develop theory and present a suite of theoretically consistent empirical measures to explore the extent to which market intervention inadvertently alters resource allocation in a sequentialmove principal/agent game. We showcase our approach empirically by exploring the extent to which the...

Persistent link: https://www.econbiz.de/10012778096

Should We Drill in the Arctic National Wildlife Refuge? An Economic Perspective

Kotchen, Matthew J. - 2010

This paper provides model-based estimates of the value of oil in Alaska's Arctic National Wildlife Refuge (ANWR). The best estimate of economically recoverable oil in the federal portion of ANWR is 7.06 billion barrels of oil, a quantity roughly equal to US consumption in 2005. The oil is worth...

Persistent link: https://www.econbiz.de/10012759996

Crowding in with Impure Altruism : Theory and Evidence from Volunteerism in National Parks

Kotchen, Matthew - 2019

This paper makes three contributions to the literature on private provision of public goods. First, we identify limitations of the frequently used specification test that distinguishes between the standard models of pure and impure altruism based on the extent of crowding out. While the...

Persistent link: https://www.econbiz.de/10012859684

Global Benefits of Marine Protected Areas

Rising, James - 2014

Case studies suggest that Marine Protected Areas (MPAs) can be effective tools for fishery management. This study uses global datasets of MPAs and stock assessments to estimate the strength and robustness of their benefits. We apply multiple models, including a treatment-control pairing, a...

Persistent link: https://www.econbiz.de/10013056856

Reservation Prices : An Economic Analysis of Cigarette Purchases on Indian Reservations

DeCicca, Philip - 2014

The special legal status of Indian tribes in the U.S. means that state excise taxes are not necessarily collected on cigarette purchases on Indian reservations. We focus on two under-studied but basic empirical economic questions this raises. Using novel data from New York surveys that asked...

Persistent link: https://www.econbiz.de/10013039707

Individual Preferences, Monetary Gambles and the Equity Premium

Barberis, Nicholas - 2009

We argue that narrow framing, whereby an agent who is offered a new gamble evaluates that gamble in isolation, separately from other risks she already faces, may be a more important feature of decision-making under risk than previously realized. To demonstrate this, we present evidence on...

Persistent link: https://www.econbiz.de/10012767726

Measuring the Output and Prices of the Lottery Sector : An Application of Implicit Expected Utility Theory

Yu, Kam - 2008

Using implicit expected utility theory, a money metric of utility derived from playing a lottery game is developed. Output of the lottery sector can be defined as the difference in utility with and without the game. Using a kinked parametric functional form, outputs of the Canadian Lotto 6/49...

Persistent link: https://www.econbiz.de/10012771827

Governance, Risk Management, and Risk-Taking in Banks

Stulz, René M. - 2014

This paper examines how governance and risk management affect risk-taking in banks. It distinguishes between good risks, which are risks that have an ex ante private reward for the bank on a stand-alone basis, and bad risks, which do not have such a reward. A well-governed bank takes the amount...

Persistent link: https://www.econbiz.de/10013051309

1
2
3
4
5
6
7
8
9
10
Next
Last