This paper considers a pollution and control game which uses a queuing framework. This framework allows an accounting of pollution events, environmental pollution quality and the application of controls to maintain a desirable quality of the environment. A number of examples are used to...

This paper explores a recent method for measuring the tourism contribution to an economy's performance and compares it with others methodologies. The method uses the rate of growth of real per capita GDP and disaggregates it into a growth component that can be imputed to tourism and growth...

In a recent work, Ivanov and Webster (2007) present a methodology for measuring the contribution of tourism to economic growth and apply this methodology to the cases of Cyprus, Greece and Spain. The method uses the growth of real GDP per capita as a measure of economic growth and disaggregates...

If ethanol were to be produced in a truly sustainable manner, it would take all the corn in the United States to displace about 3.5 percent of our gasoline consumption. Furthermore, ethanol would not necessarily be a more reliable source of fuel. By displacing gasoline with ethanol, we are...

Public trustees at the state, federal, and tribal level are tasked with ensuring that those responsible for destroying or damaging natural resources sufficiently compensate the public for its loss. Those trustees have the fiduciary duty to maintain and restore the natural resources within the...

In this short paper we present a simple model of three tourist regions to study the incentives of hotels to invest in environmental quality. In particular, we show that the price of a hotel room depends positively on the level of investment to preserve the natural characteristics of the region...

In this short paper we analyze the impact of tourist demand in hotel rooms on the investment of hotels on environmental quality. In particular we show that when income of the tourists increases, then in order to maintain the demand for rooms, the hotels must increase the investment on the...

This paper develops and applies a new method for estimating the economic benefits of an environmental amenity. The method fits within the household production framework and is based upon the notion of estimating the derived demand for a privately traded option to utilize a freely-available...

The study details geological analysis of the South China Sea region. South China Sea is a marginal sea located in unique geographical region of west Pacific Ocean. It has a complex tectonics history being developed at subduction zone of three tectonic plates: Eurasian, Pacific and Indian....

A bulk of recent evidence suggests that important disparities exist between willingness to pay and compensation demanded for the same good. This paper extends and refutes the generality of these findings by going to a well-functioning marketplace and allowing consumers to swap sports...