This paper suggests a new approach to econometrically estimate parameters of multi-level Constant Elasticity of Transformation (CET) functional forms which are widely used in developing Computable General Equilibrium (CGE) models. An illustrative CET functional form is estimated using the...

We conduct models and tests to ascertain whether there are speculative bubbles and which factors contribute to the bubbles if there exits one. In the model, we use the option value to represent the investment value of farm real estate and compare the option value, calculated from dynamic...

Eurasian water-milfoil is an aquatic invasive plant that has moved rapidly through lakes across the United States. Along with being a hazard to local ecosystems, water-milfoil is a nuisance to those who use lakes for recreation, and its presence even lowers the value of lakefront properties....

In 1999 the Canadian Federal government passed the First Nations Land Management Act, ratifying the Framework Agreement on First Nation Land Management signed by the government and 14 original signatory First Nations in 1996. This Agreement allows First Nations to opt out of the 34 land code...

This is Selected Paper #2846. The title of this paper at the time the abstract was submitted was "Private Incentives for Investments to Mitigate Wildfire Risk in the Wildland-Urban Interface"

This paper explores the farmer’s general decision to adopt a clean agricultural production technology and the particular role of pro-social behavior. We hypothesize that pro-social behavior may influence farmers’ individual valuation of clean technologies through two channels, their beliefs...