This paper presents a microeconometric model of capital utilization and retirement. Estimates of a firm's discrete decision problem with regard to an existing piece of capital--whether to operate, hold idle, or retire it--are obtained, in the context of the U.S. cement industry, by solving a...

This paper assesses the relation between living standards and forest degradation in the Indian mid-Himalayas, and related policy issues. The analysis is based on detailed household, village and ecology surveys in a sample of 165 villages in Uttaranchal and Himachal Pradesh. Our prior fieldwork...

This paper summarizes findings from a decade-long project on forest degradation in the mid-Himalayan region of India and Nepal. The analysis is based on LSMS data for Nepal and field work in Indian states of Uttaranchal and Himachal Pradesh comprising sample surveys of forests, households and...