The management of Lake Okeechobee in Florida has undergone significant changes in the last decade. Socio-political, environmental and demographic factors have driven changes in the environmental and water policy, which in turn have led to wide-ranging institutional changes and a shift toward...

How do decision makers weight private and official information sources which are correlated and differ in accuracy and bias? This paper studies how traders update subjective risk perceptions after receiving expert opinions, using a unique data set from a prediction market, the Hurricane Futures...

A stochastic production frontier was used to measure the initial (i.e., bi-weekly) economic effects of hurricanes on commercial grouper (Serranidae) production in the Exclusive Economic Zone of the United States Gulf of Mexico from 2005 to 2009. We estimated the economic effects of productivity...

The problem of investiment decisions for sources participating in transferable discharge permit (TDP) markets has not received much attention. One way TDPs offer potential savings is with their ability to influence development in a region. Static models have assessed the potential savings of...

The double bootstrap is an important advance in confidence interval generation because it converges faster than the already popular single bootstrap. Yet the usual double bootstrap requires a stable pivot that is not always available, e.g., when estimating flexibilities or substitution...

Will Florida’s agriculture adapt to climate change? Climate disruptions to agriculture and natural resources in Florida are projected to increase in the future. These impacts will be increasingly negative because critical thresholds are being exceeded. This chapter discusses how Florida’s...