Traditional models of export bonus programs focus only on the effects of disposing public stocks on the world market. We show that the economic effects of export bonus programs are significantly different when one includes the costs of acquiring these stocks. Including stock acquisition costs...

In this paper, we introduce a game theoretic model of groundwater extraction in a two-cell aquifer under incomplete information. A novel assumption is that individual users have incomplete knowledge of the speed of lateral flows in the aquifer: although a user is aware that his neighbor's water...

Interest has grown in Water Quality Trading (WQT) as a means to achieve water quality goals, with more than 70 such programs now in operation in the United States. Substantial evidence exists that nonpoint sources can reduce nutrient loading at a much lower cost than point sources, implying the...

This article proposes a method to accommodate asymmetric information on farmers' risk preferences in designing voluntary environmental policies. By incorporating stochastic efficiency rules in a mechanism design problem, the government can find incentive-compatible policies by knowing only the...

This study focuses on estimating the variations in per-capita water consumption and predicting the shares of consumption by pricing blocks in eight Kansas regions. Previous studies have considered household or micro-level consumption, but few have focused on aggregate level consumption across...

Recent studies have suggested that green technologies may be a cost effective way to manage urban runoff. Literature has also suggests that there needs to be a greater empirical basis to estimate the benefits associated with social values associated with urban trees; we therefore estimate...

Agriculture has recently been noted as a provider of non-market environmental benefits in addition to its traditional recognition as a source of negative externalities from polluting inputs. In this paper, a general equilibrium framework is used to determine optimal land subsidies and input...

Replaced with revised version of paper 04/05/06.