We study the effect that neighboring parties have on the economic rents from owingthe rights to a natural resource. Our application uses winning bid prices from state timberauctions in three western states. We model and show how differing nearby neighbors increasethe costs and risks associated...

Can education play a role in fostering economic growth and simultaneously decrease pressure on forests? The aim of this study is to show that it can. Human capital formation is a key element in a development strategy that includes natural resource conservation within the framework of sustained...