This paper focuses on modelling and estimating the starting point bias in closed-ended follow-up questions, where several bids are presented successively, depending on previous answers. Although the contingent valuation literature took off in the last decade, there is only one study modelling...

With contributions by David Campbell, Chris Carter, Barry Gamble, John Hibbs, Bob Lee, John Meadowcroft, Julian Morris, Richard D. North, Sean Rickard, Aileen Stockdale amp; Paul Withrington.The book charts the development of the new rural economy and considers whether government policy has kept...

We propose a model that explains the choice behavior of small and medium sized enterprises (SMEs) with respect to price risk management instruments, one of them being futures contracts. We relate the key components of the model to characteristics of SMEs, in this way explaining differences...

This paper examines a Massachusetts policy which encourages communities to raise money through referenda for preservation and affordable housing. I use difference-in-differences, fixed-effects, and quantile regression to compare home prices before and after such referenda in two towns. I include...

Many previous event studies have found unexpectedly large losses to firms involved in negative incidents. Many of these studies' authors explain such losses as quot;goodwill lossesquot; or quot;reputation effects.quot; To test this hypothesis, we search for residual losses (in excess of direct...

Some natural resources - oil and minerals in particular - exert a negative and nonlinear impact on growth via their deleterious impact on institutional quality. We show this result to be very robust. The Nigerian experience provides telling confirmation of this aspect of natural resources. Waste...

This article presents a sequence of simple and related models to analyze the strategic use of natural resources. Game theory is the natural tool for such an analysis, whether the resource is private or publicly owned, whether it is renewable or exhaustible, whether the game is static or dynamic,...

Rice forage systems can increase the land use efficiency in paddy fields, improve the self-sufficient feed ratio, and provide environmental benefits for agro-ecosystems. This system often decreased economic benefits compared with those through imported commercial forage feed, particularly in...

The power converter is one of the essential elements for effective use of renewable power sources. This paper focuses on the development of a circuit simulation model for maximum power point tracking (MPPT) evaluation of solar power that involves using different buck-boost power converter...

Life Cycle Assessment (LCA) has been increasingly used to improve the environmental performance of food systems and simplification of LCA appears to be a vital question, especially for Small- and Medium-sized Enterprises (SMEs). Following a literature review on simplified LCA tools and their...