This paper reevaluates federal allocation decisions to protect 241 endangered vertebrates between 1993 - 1996. We control for the time invariant species characteristics to address species heterogeneity bias. The results suggest that yearly variation in variables like endangerment rankings and...

We explore implications of the failure of the individual to behave in accordance with the predictions of the utility maximization paradigm for the application of consumer sovereignty principles to the valuation of environmental goods. A subjective probability framework is used to develop an...

In this paper, we develop a paleoeconomic model of the co-evolution of economic specialization and encephalization--the common physiological measure of intelligence as reflected by brain mass relative to total body mass. Our economic analysis links ecological and social intelligence theories of...