Contemporary Economic Policy articles from October 1998

Contemporary Economic Policy archives from October 1998

Costs and benefits of reducing air pollutants related to acid rain.
October 1, 1998... I. INTRODUCTION Control of S[O.sub.2] emissions under the 1990 Clean Air Act Amendments instituted two important innovations in U.S. environmental policy. The more widely acknowledged is the S[O.sub.2] emissions trading program. Firms are...

Assessing incentive-based environmental policies for reducing household waste disposal.
October 1, 1998... I. INTRODUCTION Little debate surrounds the theory that incentive-based environmental policy achieves environmental goals more efficiently than do traditional command and control measures. The efficiency gains are demonstrable empirically. EPA...

Watershed-base effluent trading: the nonpoint source challenge.
October 1, 1998... I. INTRODUCTION The past decade has seen rapidly growing interest in the design and performance of environmental trading programs. This environmental policy relies on financial incentives and decision-making flexibility to reduce the costs of...

Federal acquisition of water through voluntary transactions for environmental purposes.
October 1, 1998... I. INTRODUCTION Throughout U.S. history public land management agencies have attempted to achieve environmental objectives by relying on a broad range of policy tools, including both regulatory and voluntary mechanisms. An important component...

Can recreation values for a lake constitute a market for banked agricultural water?
October 1, 1998... I. INTRODUCTION Nevada is the driest state in the union and is full of complex water allocation issues. Water allocation issues are associated with all five large lakes in Nevada. This research focuses on one of Nevada's four terminus lakes,...

Farm profitability and BUREC water subsidies: an LP look at a region. (Bureau of Reclamation; linear programming)
October 1, 1998... I. POLICY BACKGROUND The Western Area Power Administration (WAPA) is a power marketing agency of the U.S. Department of Energy (DOE). One of WAPA's responsibilities is using revenue from federal power sales to repay costs associated with...

Do government subsidies stabilize or destabilize agricultural markets?
October 1, 1998... I. INTRODUCTION The main purpose of this study is to investigate the effect of government interventions on output fluctuations of agricultural goods. It is well-known that the time-series of output exhibit irregular and persistent...

Long-run growth projections and the aggregate production function: a survey of models used by the U.S. government.
October 1, 1998... I. INTRODUCTION Long-run economic growth is an area of obvious interest to both economists and policymakers. This interest is evident in the large academic literature on economic growth and the considerable effort that policymakers undertake...

Super-specialization and the gains from trade.
October 1, 1998... I. INTRODUCTION Around the globe, countries are being drawn ever more fully into the international trading system. In part, this merely reflects processes that have been underway for many years, but there are elements in the current phase of...

Global transfer of arms technology and its impact on economic growth.
October 1, 1998... I. INTRODUCTION In a broad sense, technology is defined as the differences in productivity across nations (Fuhrer and Little, 1996). It is well known that technologies are embodied in physical capital. The adoption of the definition also...

Comparing post-Cold War military conversion in the United States and Russia.
October 1, 1998... I. INTRODUCTION Defense industries in the post-Cold War environment, in both the East and West, share many unique characteristics and problems including the daunting challenge of conversion from military to civilian production as defense...

How delegating authority biases social choices.
October 1, 1998... I. INTRODUCTION Because social decision making takes time, energy, and money, delegating authority often seems expedient. It serves the same expedient function when "We the People" appoint a representative government as it does when principals...