Modeling the relationship between population growth and migration, this paper shows that destinations with higher average household incomes attract many immigrants. While it is not different from previous studies, this paper utilizes more environmentally based measures of economic opportunity at...

Forest transition theory is often used to describe the long term evolution of forest cover in a country as it develops, yet previous theoretical work has considered only net forest cover change when describing deforestation. However, little work exists describing the dynamics involved in forest...

We study the optimal hardwood tree planting decision on reclaimed surface coal mines in the Appalachian region using a mine operator-focused, expected cost model that recognizes costs of preparing the site for tree planting, unit costs of planting seedlings, and opportunity costs of...

We study a rent-based land use problem where a landowner is uncertain about the timing and extent of an emerging biomass market. Unlike other work, ecosystem service flows, in the form of amenities, and transaction costs impact conversion from agriculture or conventional forest to bioenergy, but...

We think beyond the Pigouvian policy approach for correcting forest ecosystem externalities. Not all ecosystem services in forestry are public goods and deserving of government intervention. Interaction in the market by sellers and buyers concerning payments for ecosystem services is possible....

Tradable permit markets for carbon dioxide (C02) emissions respond to short-run fluctuations in economic activity. To provide stability, both price and quantity interventions have been proposed. This paper focuses on the relative performance of fixed versus intensity allowances in the presence...

Tradable permit markets for carbon dioxide (C02) emissions respond to short-run fluctuations in economic activity. To provide stability, both price and quantity interventions have been proposed. This paper focuses on the relative performance of fixed versus intensity allowances in the presence...

In this article, we consider wildfire risk management decisions using a dynamic stochastic model of homeowner interaction in a setting where spatial externalities arise. Our central objective is to apply observations from the social science literature about homeowner preferences to this economic...

Forest management that reduces southern pine beetle (SPB) risk benefits not only the landowners, but all who draw benefits from southern pine forests, including other owners whose risk is reduced by landscape-wide efforts. One such practice is pre-commercial thinning (PCT) of pine stands, which...

Both theory and evidence regarding forest-relevant decisions by various agents suggest that there are significant constraints on the effectiveness of domestic policies for REDD (i.e., in facilitating a reduction in emissions from deforestation and forest degradation). Economic theory and...