Capital asset pricing model (CAPM) and arbitrage pricing theory (APT) are used to assess the financial performance of eight forestry-related investment vehicles. Although results from APT support previous findings from CAPM about timberland investments, three bodies of evidence show that APT...

Public choice economics view legislative process as a transaction in the political market. Interest groups demand regulation in their favor and lobby lawmakers. The lawmakers analyze an assortment of factors and supply legislation to the winning group, thereby maximizing their rent from the...

Allocation of fixed proportion of land to developed, forest, agricultural and other land uses in a watershed was modeled as an optimization problem faced by a single user. A multinomial logit model was used to estimate the effects of urbanization, demographic structure, personal income and...

Public choice economics view legislative process as a transaction in the political market. Interest groups demand regulation in their favor and lobby lawmakers. The lawmakers analyze an assortment of factors and supply legislation to the winning group, thereby maximizing their rent from the...

Capital asset pricing model (CAPM) and arbitrage pricing theory (APT) are used to assess the financial performance of eight forestry-related investment vehicles. Although results from APT support previous findings from CAPM about timberland investments, three bodies of evidence show that APT...