I propose a framework to evaluate the impact of ethanol on energy security from an economic perspective. In this model, economic energy efficiency maximizes a social or governmental objective function with respect to energy price levels and shocks. This tradeoff can entail raising expected...

In this paper we quantify the local economic impacts of the development of unconventional shale oil and gas reserves through the controversial extraction procedure known as hydraulic fracturing or ``fracking'' and assess the possibility of the boom creating a ``resource curse'' for resource-rich...

Food price shocks can have substantial welfare implications, particularly in the world's low income regions. A number of previous studies has shown that the United States ethanol mandate has increased average corn price levels. We provide suggestive evidence that the mandate has also increased...

Many households in developing countries rely on renewable natural resources as their main source of energy. Collecting and burning firewood requires a considerable amount of time, has negative health consequences, and can cause deforestation and depletion of local resources if forests are not...

This paper evaluates the conditions under which a fish-harvester cooperative (co-op) with monopoly power represents a preferable outcome when compared to a rent dissipated fishery. Currently, United States anti-trust law prevents harvesters from coordinating to restrict output. In a fishery,...

Multifunctionality of agriculture is being heralded as a way to achieve food and fiber production while simultaneously providing ecological services and promoting rural development through the establishment of new enterprises. However, in order for multifunctional agriculture to achieve these...

The purpose of the paper is to test the long-run steady state of growth factors hypothesized to influence U.S. manufacturing investment flows. These factors include agglomeration, market structure, labor, infrastructure, and fiscal policy. Spatial cross-regressive and spatial Durbin models are...