We seek to determine if the tax-based payment approach is a valid alternative to existing incentive payment approaches for forest carbon sequestration. To achieve the objective, we test a hypothesis that waiving the property tax rate on forestland provides incentives to landowners for...

Many countries are interested in reducing electricity consumption in connection with that the electricity demand has been increasing in recent years. Price control is often used as a method of controlling electricity demand in the short-term. However, even if price control causes to decrease in...

Growing biomass crops for energy production on low productivity lands that are not used for food production has been suggested as an alternative to reduce dependence on fossil fuels and to mitigate greenhouse gas emissions from transportation fuel. Switchgrass is considered a potential feedstock...

This research analyzes how the size of protected areas influences the ecological and economic effectiveness through a return-on-investment in conservation (ROI) to help conservation organizations prioritize protected areas. Using the case study, we focus on whether the size variation has...

This paper aims to uncover the role of heterogeneity and spillover effects of return and risk on home bias associated with common background characteristics of trading countries. We adopt a spatial panel model to utilize uniquely created weight matrices and capture the spatial spillover effects...

Three types of market segmentation strategies are available to estimate hedonic housing price models—i.e. no segmentation, segmentation by using statistical clustering methods and segmentation by using a priori information. This research tests the hypothesis of Tiebout theory that...

The size of the protected area is recognized as one of the key attributes for assessing the effectiveness of investing in protected areas. We evaluate the effectiveness of protected areas by examining economies of scale in size and the average cost of acquiring protected areas depending on the...