Land Economics articles from February 1992

Land Economics archives from February 1992

Theoretical and practical possibilities and limitations of a market mechanism approach to air pollution control.
February 1, 1992... This paper, originally presented at the 1967 meetings of the Air Pollution Control Association and now being published for the first time, carried the economist's advocacy of Pigouvian taxes directly to pollution control professionals. The...

Approach paths to the steady state: a performance test of current period decision rule solution methods for models of renewable resource management. (includes appendices)
February 1, 1992... I. INTRODUCTION Optimal exploitation of natural resource systems often involves consideration of timing in the production/extraction process. The rate of extraction from a mine, decisions regarding irrigated crop production, beef cattle...

Private enforcement of federal environmental law.
February 1, 1992... I. INTRODUCTION The Issue The degree to which environmental quality is improved by public policy depends not only on the wisdom inherent in policy design, but also on the effectiveness of policy enforcement. Policies which initially...

The cost of electric power interruptions in the industrial sector: estimates derived from interruptible service programs. (includes appendix)
February 1, 1992... I. INTRODUCTION The electric power industry has become increasingly interested in measuring the value its customers place upon service reliability. This interest is driven, in part, by the fact that many of the recent developments in...

Location, housing, and leisure demand under local employment. (includes appendix)
February 1, 1992... I. Introduction Muth's (1969, 17-36) model of household location choice provides the foundation for much of spatial housing market analysis.(1) The model considers the demand behavior of consumers who commute regularly to the Central...

Property tax auction sales.
February 1, 1992... I. INTRODUCTION The ultimate penalty for nonpayment of property taxes is loss of one's property to a buyer at a tax sale. In 29 states and the District of Columbia, the tax sale is conducted as an auction (Herber and Pawlik 1987). The...

Estimating consumer surplus in the censored linear models. (includes appendix)
February 1, 1992... I. INTRODUCTION When considering the linear model of demand, the treatment of nonparticipants is crucial. At the least, incorrect treatment of nonparticipants will lead to biased estimates of demand coefficients (Maddala 1983). This...

Searching for the opportunity cost of an individual's time.
February 1, 1992... I. INTRODUCTION Many applications in economics involve estimation of benefit measures which depend on the value of an individual's time in some activity. Some examples are decisions to improve transportation networks (which may save...