The charter forest experiment at the Valles Caldera National Preserve (VCNP) in New Mexico provides land managers, policymakers, and researchers a unique opportunity to examine an alternative public land management institution. The VCNP mature bull elk permit lottery has been the largest...

While the Coase Theorem has been a touchstone for understanding bargaining behavior, it has also been criticized for relying on unrealistic assumptions. In response, a line of experimental research analyzes bargaining behavior in laboratory settings. This paper uses meta-analysis to evaluate the...

Only a select set of states still do not require mandatory public disclosure of real estate sales prices. In this article we examine the possible public-sector consequences of failing to make real estate sales prices publicly accessible. Copyright (c) 2004 by the Southwestern Social Science...

In situations characterized by true uncertainty and potential irreversibility, the safe minimum standard (SMS) approach is a decision rule to protect some critical natural resource-unless the social costs of doing so are somehow "intolerable." The SMS has been discussed widely, but actual case...

When confronted by catastrophic wildfire risk, homeowners simultaneously allocate resources between insurance and averting activities. Expected utility theory suggests that complete insurance coverage precludes investment in averting activities. However, when potential losses include a...