Replaced with revised version of paper 07/21/04.

Point-nonpoint trading markets must accommodate the problem of monitoring individual nonpoint source discharges (NPS). A permit trading market that allows the regulator to monitor noncompliance based on observable aggregate NPS pollution levels, through the use of a collective enforcement...

A random utility model of the choice over trip duration on multiple objective recreation trips is developed. We explore several methods for allocating trip expenses to estimate the welfare of single and multiple-objective trips. Preliminary results suggest that traditional methods for handling...

This study takes advantages of recent developments in measuring total factor productivity in output specific directions to examine the influence of technological change in different agricultural sectors on land-use decisions in a cross-section of countries from 1969 to 2001. Results demonstrate...

Pollution from nonpoint sources (NPS), and agriculture in particular, remains as one of the largest sources of water quality impairments in the United States. As is well known in the literature, there are many difficulties with designing regulations for reducing nonpoint source pollution (i.e.,...

Collective performance-based trading can be achieved by pairing a team contract with an auction to determine team membership. The auction effectively overcomes adverse selection, and the team contract reduces the incentive to "free-ride" associated with moral hazard in teams.

We conduct a study to examine the effects of local development pressure and other factors on the value of urban-fringe land parcels. Multiple regression spatial models were estimated using parcel- level data from Delaware County, Ohio. The empirical results provide evidence that such factors as...

We develop a dynamic forest sector in a Computable General Equilibrium model. There has been an increasing demand in using general equilibrium models to examine forests' role in climate change mitigation, global land competition and the energy sector. But modeling forestry sector in a general...