The objective of this paper is to analyze the relationship of the carbon Kuznets curve. We discuss two potential flaws in past carbon Kuznets curve studies: one, the potential misspecification of energy consumption as a control variable; and, two, the use of vector error correction models as an...

We take advantage of a long panel data set to estimate the relationship between U.S. state-level carbon dioxide (CO2) emissions, economic activity, and other factors. We specify a reduced-form energy demand model to account for energy consumption activities that drive energy-related emissions....

Irrigated acreage is an important indicator for agricultural water demand which is a major category of water use. Three methodologies were applied in this study to project irrigated acreage of major crops in Georgia from 2010 to 2050. These three methodologies show consistent results. Total...

Although mixed logit models are common in stated preference applications, resulting welfare estimates can be sensitive to minor changes in specification. This can be of critical relevance for policy and welfare analysis, particularly if policymakers are unaware of practical implications. Drawing...

Estimating regional demand models by pooling different samples without correcting for such differences causes model misspecification as each sample belongs to a different population. Weighted regression using Pseudolikelihood to account for differences in sample population with adjustment for...

This paper presents a dynamic crop rotation model that shows how crop yield and price volatility could impact crop mix and acreage response under crop rotation considerations. Specifically, a discrete Markov decision model is utilized to optimize producers’ crop rotation decision within a...

The objective of this study is to compare the effects of climate change on crop yields across different regions. A Principal Component Regression (PCR) model is developed to estimate the historical relationships between weather and crop yields for corn, soybeans, cotton, and peanuts for several...

In this paper, a dynamic optimization model was developed to simulate how farm-level realized price and profitability respond to yield change which was induced by climate change. Producers' acreage response was included in the dynamic model considering crop rotation effect. In the crop rotation...