This paper examines the potential for combining revealed and stated preference data on Iowa wetland usage, employing a flexible functional form representation of site-specific utility. We examine a variety of hypothesis tests regarding potential sources for inconsistency between stated and...

In this research, we propose a framework to connect SWAT model with a dynamic discrete choice based land use model. With the recent years of cropland data layers published by NASS, USDA and data complied from other sources, we apply this framework to land use change in Upper-Mississippi River...

A dynamic land use model, more specifically a dynamic discrete choice model, is developed in this paper to model Iowa farmers' crop choice decisions in recent years based on the newly released field-scale cropland data layers by National Agricultural Statistics Service. We explicitly consider...

Due to payoff uncertainties combined with risk aversion and/or real options, farmers may demand a premium in order to adopt conservation tillage practices, over and above the compensation for the expected profit losses (if any). We propose a method of directly estimating the financial incentives...

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"