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This article considers optimal livestock management on sagebrush rangeland in the presence of invasive plants, wildfire, and reversible and irreversible ecological thresholds. We find that ranchers operating on healthy rangeland have sufficient private incentive to maintain rangeland health,...
Persistent link: https://www.econbiz.de/10010933550
This paper examines the effect of differing levels of spatial resolution on recreation site choice models and welfare resulting from changes in site attributes. These issues are important where the spatial scale at which recreationists make choices is unknown, but information exists on choice...
Persistent link: https://www.econbiz.de/10005003861
Security of property rights, or tenure, is central to the economics of development and is recognized as important for the adoption and implementation of sustainable forest management. Despite the potential importance of tenure security, this paper shows that there is a great deal of variation in...
Persistent link: https://www.econbiz.de/10008862783