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This paper reviews the U.S.-Canada softwood lumber dispute over the past two decades by outlining the key developments … and critically appraising the arguments put forward by both countries. It also presents a welfare analysis of lumber trade … distortions. Given the importance of lumber trade between Canada and the United States, an expeditious resolution of this long …
Persistent link: https://www.econbiz.de/10005803541
Since the United States and Canada could not resolve their contentious dispute on lumber trade, both countries …
Persistent link: https://www.econbiz.de/10005041626
It is well known from the compliance literature that whenever it costly tomonitor agents' compliance to contract terms, compliance is likely to beincomplete. This paper goes one step further by examining the implications ofincomplete monitoring on agent's sales offers in auctions for...
Persistent link: https://www.econbiz.de/10009442281
Tackling the problem of ecosystem services degradation is an important policy challenge. Different types of economic instruments have been employed by conservation agencies to meet this challenge. Notable among them are Payment for Ecosystem Services (PES) schemes that pay private landowners to...
Persistent link: https://www.econbiz.de/10009442289
The direct sale of emission allowances by auction is an emerging characteristic of cap-and-trade programs. This study is motivated by the observation that all of the major implementations of cap-and-trade regulations for the control of air pollution have started with a generous allocation of...
Persistent link: https://www.econbiz.de/10009442655
When assessing climate change impact, adaptation is an important behavioral response to reduce potential risk. But it has been widely recognized that there are barriers to adaptation. And attempts to estimate impacts may be biased when these barriers neglected. Potential barrier on adaptation...
Persistent link: https://www.econbiz.de/10009442665
Leakage in the fuel market differs, depending on whether ethanol production is determined by a tax credit or consumption mandate. Two components of market leakage are distinguished: domestic and international. Leakage with both a tax credit and a consumption mandate depends on market...
Persistent link: https://www.econbiz.de/10009442666
Drawing on the method developed by Just and Pope (1978, 1979), this paper separately analyzes the marginal contributions of both regular input factors and climate factors to mean output and to production risk in Chinese inland aquaculture. Furthermore, the net change in output following a 1°C...
Persistent link: https://www.econbiz.de/10009442668