Small communities almost universally worry about out-migration and the negative effects of out-migration on community viability. Using Oregon community-level data and applying the threshold estimation method of Hansen (Econometrica 68(3):575–603, <CitationRef CitationID="CR10">2000</CitationRef>), we are able to identify population...</citationref>

In the traditional method of earthquake loss estimation, all exposed facilities are classified according to their structural type and/or occupancy. Inventory data is collected and the total loss is estimated as the aggregate of all facility losses from each facility class separately. For many...

We show that recent developments in hedonic pricing theory allow modeling of the equilibrium pricing function as the marginal cost of an additional housing unit plus a markup that varies inversely with the elasticity of demand. Useful information about demand elasticity at a given point on the...

With acceleration of economic globalization, ecological problem becomes increasingly prominent, and forestry and forest issues become world concerns. Since 1992 United Nations Conference on Environment and Development, sustainable operation of forest becomes a subject of times, and hot issues,...

This paper establishes a coupled human-ecological model where slow-varying migration is interacting with fast-varying nutrient dynamics in lake ecology. The nonlinearity and fast-slow dynamics built in the model can generate regime shifts (that is, shifts between different equilibrium states)...

Recent work in regional science, geography, and urban economics has advanced spatial modeling of land markets and land use by incorporating greater spatial complexity, including multiple sources of spatial heterogeneity, multiple spatial scales, and spatial dynamics. Doing so has required a move...

This paper examines the use of derivatives and its relation with risk taking in the hedge fund industry. In a large sample of hedge funds, 71% of the funds trade derivatives. After controlling for fund strategies and characteristics, derivatives users on average exhibit lower fund risks (e.g.,...