Land Economics articles from August 1998

Land Economics archives from August 1998

The rationality of a safe minimum standard.
August 1, 1998... I. INTRODUCTION If everyday practice provides inadequate defense against occasional threats of irreversible resource loss, the safe minimum standard (SMS) is an appealing mechanism to forestall those events. The SMS suspends standard...

Information and bargaining in markets for environmental quality.
August 1, 1998... I. INTRODUCTION Ever since Rosen (1974) formalized the theory of markets for hedonic goods, economists have conducted a number of studies to measure the impact of environmental quality on housing prices, such as in Driscoll, Alwang, and Dietz...

Rationing preferences and spending behavior of visitors to a scarce recreational resource with limited carrying capacity.
August 1, 1998... I. INTRODUCTION Caves are highly attractive natural resources that are often under heavy recreational use. Three of the most popular Greek caves are in the northwest of Greece. The Perama cave in Epirus, Diros cave in South Peloponnese, and...

Cross-tenure differences in home maintenance and appreciation.
August 1, 1998... I. INTRODUCTION Politicians, political activists, and philosophers have long attributed almost magical qualities to the choice of housing tenure: those who own their homes are said to improve the lives of their own, their children, and their...

Demand side management policies for residential water use: who bears the conservation burden?
August 1, 1998... I. THE DEBATE OVER DEMAND SIDE MANAGEMENT POLICIES Increased reliance on demand side management (DSM) policies to manage existing water supplies is stimulating substantial debate among economists and policymakers. Debate focuses on both the...

The economic effects of land registration on smallholder farms in Kenya: evidence from Nyeri and Kakamega districts.
August 1, 1998... I. INTRODUCTION Since the 1970s, agricultural productivity has remained stagnant or has even decreased in much of sub-Saharan Africa. Faced with continued threat of food shortfalls, policy makers are reexamining a wide range of policies,...

Property tax inequities on ranch and farm properties.
August 1, 1998... I. INTRODUCTION Real estate property taxes in most jurisdictions are very important for funding schools and local public services. Taxes, including property taxes, are generally disliked, but are recognized as an unpleasant necessity....

Evolution of the U.S. natural gas industry in response to changes in transaction costs.
August 1, 1998... I. INTRODUCTION Regulatory action to break up the merchant function performed by interstate natural gas pipeline companies is influencing the relationships between buyers and sellers in the natural gas market allowing them to bargain directly....

Institutions and externalities in the inland fisheries of Bangladesh.
August 1, 1998... I. INTRODUCTION Does establishment of property rights over common-pool resources (CPR) prevent common-pool losses? Opinion is divided on this issue, so is empirical evidence. The main purpose of this paper is to present a case where...

The fisheries treadmill.
August 1, 1998... I. INTRODUCTION A recent paper by Levins and Cochrane (1996) argues that the agricultural treadmill, the process first described in the 1950s (Cochrane 1958) to explain why the constant adoption of cost-reducing new technology by farmers...