Exchanges of either long term rights (property right transfer) or spot rights (rights rental) to water may result in third party effects that place practical limits on the geographic scope of a water market. The result will be a market with few eligible participants. A "thin" market suffers from...

Some environmental problems transcend national boundaries and pose issues for international as well as domestic policies. The impacts of domestic environmental policy on the welfare of output and input suppliers are evaluated using a partial vertically integrated model. The model includes...

This dissertation examines three themes of efficiency in fisheries economics and management.The first theme is intertemporal efficiency; by examining fishery managementproblems within a stochastic bioeconomic model, the tradeoffs between current and futureconsumption are clear. The second theme...

Illinois faces a legally de ned quota for the amount of water that it is allowed topump from Lake Michigan. Separately, in Northeastern Illinois, the ground waterlevel has fallen due to pumping pressure. Together, these constraints on watersupply could limit economic and population growth in the...

This dissertation examines annual price data of two resources, copper and zinc, to test the hypothesis that these resources have become more scarce during the years 1870 to 1985. A theoretical model is developed which incorporates the effects of endogenous technological change and monopolistic...

On a topic like the environment, communication among scholars from different disciplines in the natural and social sciences is both important and difficult, but such communication has been far from perfect. Economists themselves may have contributed to some rather fundamental misunderstandings...

Policy intervention in the biofuel market has led to a significant increase in biofuel production and use in the past several years. However, the welfare effect of biofuelpolicies, specifically the ethanol tax credit for corn ethanol, ethanol import tariff andrenewable fuel standard (RFS)...