Land Economics articles from November 1995

Land Economics archives from November 1995

Sustainability under uncertainty: a deontological approach.
November 1, 1995... I. INTRODUCTION The sustainability criterion is often interpreted as the requirement that human welfare or life opportunities should be nondiminishing from generation to generation (Pezzey 1992).(1) Provided that basic commitments to future...

Measuring the impact of the discovery and cleaning of identified hazardous waste sites on house values.
November 1, 1995... I. INTRODUCTION Toxic waste sites are viewed by the public as one of the most serious environmental hazards according to opinion polls (New York Times 1991). The Environmental Protection Agency's (EPA) current process for ranking sites uses...

Do high voltage electric transmission lines affect property value?
November 1, 1995... I. INTRODUCTION The purpose of this study is to add to the literature on the impact of high voltage (defined as 69,000 volts or greater) electric transmission lines on nearby property values. Existing research suggests that proximity to such...

Water and land as quantity-rationed inputs in California agriculture: empirical tests and water policy implications.
November 1, 1995... I. INTRODUCTION Proper analysis of multioutput production systems requires knowledge of whether the quantity of an input is fixed or flexible in the pertinent production period. This information not only determines the appropriate model for...

How precise are monetary representations of environmental improvements? (includes appendix)
November 1, 1995... I. INTRODUCTION Economic theory defines the worth of an item as the maximum amount that an individual will pay for it or the minimum payment acceptable to relinquish it. When markets for goods exist they adequately establish economic worth for...

Utility-consistent discrete-continuous choices in soil conservation.
November 1, 1995... I. INTRODUCTION Contingent valuation (CV) surveys are commonly used to develop models of probability of participation in voluntary soil conservation programs. Such models do not reflect the true nature of such decisions, which involve two...

Statistical approaches to the fat tail problem for dichotomous choice contingent valuation. (includes appendix)
November 1, 1995... I. INTRODUCTION Contingent valuation practitioners have in recent years increasingly shown preference for the dichotomous choice (DC) question format over open-ended and iterative bidding formats. The DC format is implemented through a...

Decision making when choices are complex: a test of Heiner's hypothesis.
November 1, 1995... I. INTRODUCTION When faced with complex or unfamiliar choices, individuals frequently appear to employ simplified decision rules, which have lower requirements for information processing (Heiner 1983; Tversky and Kahneman 1979; Simon 1955)....

Smallholder wood production and population pressure in East Africa: evidence of an environmental Kuznets curve? (includes appendix)
November 1, 1995... I. INTRODUCTION In many developing countries, deforestation has had a major impact on both household and national economies. In parts of Africa, as much as 70-90 percent of the nation's energy usage can be traced to woody biomass (Armitage and...

Precursors of Ely's land economics in American universities.(Speculations)
November 1, 1995... I. INTRODUCTION While Richard T. Ely unquestionably is the father of land economics as a well-defined field of study, he made no claim to teaching the first American university course under any title in this field. He simply claimed: "So far...

Mobile flows, storage, and self-organized institutions for governing common-pool resources: comment. (response to E. Schlager et al., Land Economics, Aug. 1994, p. 249)(Comments and Replies)
November 1, 1995... In their recent article, "Mobile Flows, Storage, and Self-Organized Institutions for Governing Common-Pool Resources," Schlager, Blomquist, and Tang (1994; hereafter referred to as SBT) argue that mobility and storage of flows are important...

Mobile flows, storage, and self-organized institutions for governing common-pool resources: reply. (response to Brent Swallow in this issue, p. 537)(Comments and Replies)
November 1, 1995... We appreciate Swallow's (1995) observations about grazing areas, which are a form of common-pool resource about which none of us has done direct empirical research. Clearly, Swallow has, and his comments reflect the richness and variety of...

Do reminders of substitutes and budget constraints influence contingent valuation estimates? Comment. (response to John Loomis et al., Land Economics, Nov. 1994, p. 499)(Comments and Replies)
November 1, 1995... I. INTRODUCTION In their recent article Loomis, Gonzalez-Caban, and Gregory (1994; hereafter referred to as LGG), test the NOAA panel's (Arrow et al. 1993) recommendation that reminders of substitutes and budget constraints be included in...

Do reminders of substitutes and budget constraints influence contingent valuation estimates? Reply. (response to John Whitehead and Glenn Blomquist on this issue, p. 541)(Comments and Replies)
November 1, 1995... Whitehead and Blomquist's (1995; hereafter WB) reanalysis of their data provides additional insights about the role of information in benefit estimates derived from contingent valuation. As elaborated upon below, WB is not solely a replication of...