Land Economics articles from August 1993

Land Economics archives from August 1993

Do forest assets hedge inflation?
August 1, 1993... I. INTRODUCTION Both academics and investment professionals commonly view forest assets as good hedges against inflation (e.g., Mills 1988; Redmond and Cubbage 1988; Rinehart and Saint-Pierre 1989). These claims are difficult to interpret,...

Tropical deforestation: markets and market failures.
August 1, 1993... I. INTRODUCTION The rate of tropical deforestation has accelerated in the past decade. In 1989, approximately 1.8 percent of the remaining 8 million square kilometers (sq. km.) of tropical forests was being destroyed annually.(1) If current...

Regional differences in nuclear and fossil-fuel generation of electricity.
August 1, 1993... I. INTRODUCTION Economies of scale and related technical characteristics of electric generation have been shown to be important in a variety of studies. Nerlove (1973), Christensen and Greene (1976), and others, have made important...

The effects of agricultural and tax policy reform on the economic return to wetland drainage in the Mississippi Delta region. (includes appendix)
August 1, 1993... I. INTRODUCTION While early settlers of the United States viewed wetlands as impediments to development, wetlands have now become valued for their ecological services, such as water quality enhancement, flood control, and important habitat for...

Use-value property tax assessment: effects on land development.
August 1, 1993... I. INTRODUCTION AND BACKGROUND Use-value assessment is the most common form of preferential property tax treatment for agricultural land owners. Traditional assessment methods specify that real property should be assessed in its highest and...

Joint recreation choices and implied values of time.
August 1, 1993... -----. 1976. "Some Problems in Estimating the Demand for Outdoor Recreation: Reply." American Journal of Agricultural Economics 58 (Aug.):598-99. -----. 1992. "On-Site Time in the Demand for Recreation." American Journal of Agricultural...

Evaluating the effect of alternative risk communication devices on willingness to pay: results from a dichotomous choice contingent valuation experiment.
August 1, 1993... I. INTRODUCTION Researchers in the field of economics have been improving and refining methods to quantify the benefits associated with the programs or regulations which reduce environmental and health risks. No explicit competitive market...

On the economics of western local water finance: the Central Utah experience.
August 1, 1993... I. INTRODUCTION After reading a news account of James Buchanan's 1986 Nobel Prize in Economics a friend of mine, a biologist, was tempted to abandon his career with a successful biotechnology firm to become an economist. He reckoned that...