The literature on contests has focused primarily on the technology of the contest and perfectly divisible private rewards valued at a constant rate. This paper extends the analysis by explicitly modeling tastes in contests over pure public goods. Since the prize is embodied in a good, its value...

Countries often have a Jekyll-Hyde relationship with their agricultural sector – policymakers both tax and subsidize agriculture. In the early stages of a country's development, policy makers exploit agriculture through export taxes and overvalued exchange rates. In contrast, agricultural...

Informed debate on agricultural nonpoint pollution requires evaluation of regional water quality in relation to management practices. It is prohibitive, in terms of cost and time, to run the site-specific process models for regional policy analysis. Therefore, a simplified and robust...

We develop four experimental markets to examine how individuals respond to risk: self-protection and self-insurance in both private and collective auctions. First, we find evidence that the mechanism used to reduce risk is important. Results indicate that the upper and lower bounds on value were...

Economic impacts are evaluated for four agricultural policies intended to increase organic carbon stored in agricultural soils. Two policies are directed at changing agricultural practices on tillage and cover crops. The other two involve alternative land use scenarios under the Conservation...

Described in this report is the application of an integrated agro-ecological modeling system that has been constructed around Agriculture Canada's Canadian Regional Agriculture Model (CRAM) to analyze the economic and environmental impacts of proposed agricultural policies for Alberta,...

Three alternative Conservation Reserve Program (CRP) scenarios and a targeted Wetlands Reserve Program (WRP) scenario were analyzed using the Basic Linked System (BLS) of applied general equilibrium models to project their likely economic impacts on the agriculture sector of the United States....

This paper explores the implications of endogenous risk for the economic value of preventing groundwater contamination. We consider the analytical implications of endogenous risk for five key building blocks frequently used to structure studies of groundwater valuation: The probability and the...

We develop three propositions about the ex ante value of reduced risk. If there is a continuous outcome distribution and if self-protection influences outcome probability and severity, then: (1) unobservable utility terms cannot be eliminated from the ex ante value expressions; (2) knowledge of...

Analysis of alternative environmental policies often requires execution of computer simulation models of the ecological or economic phenomena involved. This paper explores efficiencies to be gained by using these simulation models in a program of constructing metamodels. Constructing a metamodel...