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account for (i) damage uncertainty and (ii) the declining ability of the deep ocean to absorb atmospheric carbon. In the … change issue. We ask the question how the optimal mitigation of climate change evolves if intrinsic uncertainty about damage … is inherent to the model. In particular, we are interested in how the effect of uncertainty on climate change mitigation …
Persistent link: https://www.econbiz.de/10009429038
This report documents The Nambe Pueblo Water Budget and Water Forecasting model. The model has been constructed using Powersim Studio (PS), a software package designed to investigate complex systems where flows and accumulations are central to the system. Here PS has been used as a platform for...
Persistent link: https://www.econbiz.de/10009436188
This report examines the impact of Federal commodity programs on returns to irrigation in the western United States. Returns to irrigation are defined as average returns to land, management, fixed capital, and water (above variable water cost), net of returns to dryland crop alternatives....
Persistent link: https://www.econbiz.de/10009468700
Public water utilities have increasingly turned to increasing block rate price structures to reduce water consumption and signal the high environmental costs of water supply. Hsu evaluates the impact of a new and substantially higher price block added to the existing block rate price structure...
Persistent link: https://www.econbiz.de/10009460795
Policy for water resources impacts not only hydrological processes, but the closely intertwined economic and social processes dependent on them. Understanding these process interactions across domains is an important step in establishing effective and sustainable policy. Multidisciplinary...
Persistent link: https://www.econbiz.de/10009463996
This article examines the economic impacts of policy alternatives for addressing allocative inefficiencies among agricultural, urban, and environmental uses of federal water. The Central Valley Project Improvement Act, composed of multiple incentive-based and command-and-control policies, forms...
Persistent link: https://www.econbiz.de/10009429544
Optimal control theory has been extensively used to determine the optimal harvesting policy for renewable resources such as fish stocks. In such optimisations, it is common to maximise the discounted utility of harvesting over time, employing a constant time discount rate. However, evidence from...
Persistent link: https://www.econbiz.de/10009441415
An optimising model is developed to determine the .sequence of total allowable catches of western mackerel which would result in the maximum present value of the stream of annual rents. It is found that the optimal steady state fishing mortality would be one half to one third of recent levels....
Persistent link: https://www.econbiz.de/10009444648
A multiobjective bioeconomic policy model was developed for the United States Pacific whiting fishery. Pareto-optimal solutions for three policy objectives—rents, production, and female spawning biomass—were developed and analyzed using "hybrid" generating technique. Three policy instruments...
Persistent link: https://www.econbiz.de/10009444677
This study involves an update of our earlier Timber Supply Model, which was fully developed in our book, The Adequacy Of Global Timber Supply by Sedjo and Lyon (1990), published by Resources for the Future. The new version, called Timber Supply Model 1996 (TSM96), uses an economic market...
Persistent link: https://www.econbiz.de/10009445465