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Environmental Drivers of Agricultural Productivity Growth : CO2 Fertilization of US Field Crops
Taylor, Charles A.; Schlenker, Wolfram - National Bureau of Economic Research - 2021
We assess the CO<sub>2</sub> fertilization effect on US agriculture using spatially-varying CO<sub>2</sub> data from NASA's Orbiting Carbon Observatory-2 (OCO-2) satellite covering the majority of US cropland under actual growing conditions. This study complements the many CO<sub>2</sub> enrichment experiments that have found...
Persistent link: https://www.econbiz.de/10012659998
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Is Agricultural Production Becoming More or Less Sensitive to Extreme Heat? Evidence from U.S. Corn and Soybean Yields
Roberts, Michael J. - 2010
Extreme heat is the single best predictor of corn and soybean yields in the United States. While average yields have …
Persistent link: https://www.econbiz.de/10012462349
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Adaptation to Environmental Change : Agriculture and the Unexpected Incidence of the Acid Rain Program
Sanders, Nicholas J.; Barreca, Alan I. - National Bureau of Economic Research - 2021
airborne sulfate levels and yields for corn and soybean. We estimate crop revenue losses for these two crops around $1 …
Persistent link: https://www.econbiz.de/10012496145
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Cover Crops, Drought, Yield and Risk : an Analysis of U.S. Soybean Production
Dong, Fengxia - National Bureau of Economic Research - 2022
on soybean yield and its risk using USDA's 2018 ARMS Phase II Soybean Production Practices and Costs Report and Phase III … Soybean Costs and Returns Report. Incorporating drought occurrence in current year and previous 5 years into our analysis, we … yield and its risk are mixed. Under a drought condition, cover crops reduced soybean yield and increased yield variation …
Persistent link: https://www.econbiz.de/10013334341
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The Opportunity Cost of Capital of US Buyouts
Groh, Alexander Peter - 2008
This paper measures the risk-adjusted performance of US buyouts. It draws on a unique and proprietary set of data on 133 US buyouts between 1984 and 2004. For each of them we determine a public market equivalent that matches it with respect to its timing and its systematic risk. After a...
Persistent link: https://www.econbiz.de/10012464498
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The Shadow Price of Capital : Accounting for Capital Displacement in Cost Benefit Analysis
Newell, Richard G.; Pizer, William A.; Prest, Brian C. - National Bureau of Economic Research - 2023
Government analysts have long used discount rates based on investment rates of return to approximate the effect of capital displacement. However, we show how this approach is not well grounded in economic theory and produces highly biased results, particularly in the context of decisions...
Persistent link: https://www.econbiz.de/10014337760
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Media Markets and Localism : Does Local News en Español Boost Hispanic Voter Turnout?
Oberholzer-Gee, Felix - 2006
Since the dawn of broadcasting, and especially in the past decade, Americans have turned their attention from local to more distant sources of news and entertainment. While the integration of media markets will raise the private welfare of many consumers, a globalized information and...
Persistent link: https://www.econbiz.de/10012466352
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Structural Transformation, Industrial Specialization, and Endogenous Growth
Bustos, Paula - 2019
The introduction of new technologies in agriculture can foster structural transformation by freeing workers who find occupation in other sectors. The traditional view is that this reallocation of workers towards manufacturing can lead to industrial development. However, when workers moving to...
Persistent link: https://www.econbiz.de/10012479820
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Optimal Exploration and Price Paths of a Non-renewable Commodity with Stochastic Discoveries
Ekeland, Ivar; Schlenker, Wolfram; Tankov, Peter; … - National Bureau of Economic Research - 2022
We address the long-standing challenge of adding optimal exploration to the classic Hotelling model of a non-renewable resource. We completely solve such a model, using impulse control. The model, extending Arrow and Chang (1982), has two state variables: "proven" reserves and a finite...
Persistent link: https://www.econbiz.de/10013191029
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The Social Cost of Labor, and Project Evaluation : A General Approach
Stiglitz, Joseph E. - 1983
This paper develops a general methodology for analyzing shadow wage (and other shadow prices). Our approach is to identify those reduced form relationships describing the economy which are central to the determination of the shadow wage, and use these to obtain simple formulae for the shadow...
Persistent link: https://www.econbiz.de/10012477868