The United States has used its power of eminent domain to take a considerable fraction of all remaining old-growth redwood for inclusion in the Redwood National Park. Hotelling's theory implies that the price of redwood remaining in private hands should have increased. In this paper we provide...

An implication of the von Liebig hypothesis is that crop-production functions have right-angle isoquants. This article presents a nonparametric estimation of right-angle isoquant production functions. It then describes a new test for right-angle isoquants. The procedures are used to test...

An implication of the von Liebig hypothesis is that crop-production functions have right-angle isoquants. This article presents a nonparametric estimation of right-angle isoquant production functions. It then describes a new test for right-angle isoquants. The procedures are used to test...

Funds available to purchase land and easements for conservation purposes are limited. This article provides a targeting strategy for protecting multiple environmental benefits that includes heterogeneity in land costs and probability of land-use conversion, by incorporating spatially explicit...