Romania was one of the first transition countries in Europe to introduce auctions for allocating standing timber (stumpage) in public forests. In comparison with the former system in the country-administrative allocation at set prices-timber auctions offer several potential advantages: greater...

The preservation of biodiversity requires the protection of endangered species' habitats. In Canada, approximately 60 percent of these habitats are located on private lands. We start by analysing the obstacles to the protection of endangered species' habitats, with special attention to the...

A methodology is demonstrated for analyzing the economic impacts of various weight limits for heavy vehicles through an application to New York State. Truck usage data were gathered from truck operators in 1990-1991 through three seasonal mail surveys, which allowed the collection of sensitive...

Using real options,this paper formulates an optimal stopping model for applying pest control measures when the density of a pest population varies randomly. A delay between successive pesticide applications is introduced to analyze the farmer's expected marginal cost of reentry. This model is...

This paper explores quantitatively Californians' interest in hybrid electric vehicles (HEV) based on a statewide phone survey conducted in July 2004 by the Public Policy Institute of California. The paper develops ordered choice models and factors that summarise beliefs about energy and the...