Land Economics articles from May 1996

Land Economics archives from May 1996

Can contingent valuation distinguish economic values for different public goods? (includes appendix)
May 1, 1996... I. INTRODUCTION Environmental economists interested in measuring economic values for nonmarketed resources currently face a serious dilemma. They are increasingly being sought to develop estimates of the economic worth of complex environmental...

Which response format reveals the truth about donations to a public good?
May 1, 1996... I. INTRODUCTION The dichotomous choice, or closed-ended, format for soliciting estimates of willingness to pay (WTP) has gained many adherents since it was first used in contingent valuation (CV) by Bishop and Heberlein (1979). Several authors...

Option premiums in mineral asset pricing: are they important?
May 1, 1996... I. INTRODUCTION Optimal exploitation of multi-use land depends on relative asset prices, as determined by land use planners, reflecting the land's value in its different uses. Using the example of a parcel of land that can either be...

Questioning the assumptions of the "tragedy of the commons" model of fisheries.
May 1, 1996... I. INTRODUCTION A number of recent works question the predictions of Hardin's (1968) "tragedy of the commons" (TOC approach) concerning the fate of common-property resources (Berkes 1989; Berkes and Feeny 1990; Berkes et al. 1989; Bromley...

Quantity premia in real property markets. (includes appendix)
May 1, 1996... I. INTRODUCTION We often observe in historical big cities that some districts are planned with large lot sizes and wide roads whereas other districts are developed without planning with small lot sizes and narrow roads. These districts are...

Emission standards and stochastic waste load.
May 1, 1996... I. INTRODUCTION In this paper, the aim is to analyze the impact of the existing standard of environmental regulation on the Swedish pulp and paper industry when emissions of "bads" are subject to random fluctuations.(1) Most of the empirical...

Prosocial behavior: private contributions to agriculture's impact on the environment.
May 1, 1996... I. INTRODUCTION The role of nonhedonistic motivation in human economic behavior has been considered through a long history of economic thought. Of concern has been the explanation and implications of observed behavior which appears consistent...

Program enrollment and acreage response to reforestation cost-sharing programs.
May 1, 1996... I. INTRODUCTION Response to land use programs such as the Conservation Reserve Program (CRP) and the state and federal Forestry Incentives Programs (FIP) can be measured either in terms of the number of participants enrolled or in terms of the...

John Locke, environmental property, and instream water rights.
May 1, 1996... I. INTRODUCTION The ongoing flurry of political debate about private property rights and regulatory takings brings to mind John Maynard Keynes' remark that "Madmen in authority, who hear voices in the air, are distilling their frenzy from some...