Using data from 1995 and 1996, we estimate the cost of the Arizona Enhanced I/M Program and the emission reductions achieved. We begin by enumerating briefly the components of I/M costs and discuss their size and incidence. Then we describe the empirical information from Arizona and how we use...

This paper explores the influence of the behavior of the Forest Service and Bureau of Land Management on effective public policy toward the national forests. It shows that fluctuations in stumpage sales from such forests have been large. Furthermore, those fluctuations could well have a...

The dominant paradigm of conservation-reserve planning in economics is to optimize the provision of physical conservation benefits (measured in units like species protected) given a budget constraint. Large-scale biology-based priority setting implies that the value we place on biodiversity and...

Research related to the Endangered Species Act tends to take the presence of that policy as given and focus on issues of implementation and effects. This paper seeks to reconsider U.S. conservation policy entirely. The ESA does not protect species or ecosystems that are not endangered, and...

This paper evaluates the conditions under which a fish-harvester cooperative (co-op) with monopoly power represents a preferable outcome when compared to a rent dissipated fishery. Currently, United States anti-trust law prevents harvesters from coordinating to restrict output. In a fishery,...

Are commonly observed resource conservation contracts efficient? In this paper we construct a model that embodies common characteristics of resource contracts. Using this model, we analyze a large class of real-world resource contracts and find them to be economically inefficient. This...