A simple game formulation is used to examine the possibility of linking generations when a future generation will confront a risk that can be alleviated by an earlier generation's investment. An insurance market will function provided that the overlapping generations are sufficiently near in...

Concerns that the loss of habitat have greatly increased species extinction rates has led to calls for establishing biological reserves to preserve key habitat. In this paper, we study reserve site selection for terrestrial vertebrates in Oregon using data on species ranges and land values. We...

Available methods of valuing environmental changes are often limited in their applicability to current issues such as damage assessment and implementing regulatory controls, or may otherwise not provide reliable readings of community preferences. An alternative is to base decisions on...

Pressures on public lands and waterways are resulting increasingly in the rationing of public access by lottery. Upon accounting for the uncertainties of random rationing, discrete choice models lend themselves to analyzing participation in public resource lotteries and estimating welfare...

Lancaster wrote that attributes of goods may combine to produce characteristics that are the primary units of consumption (1966). Often, the attributes of goods are bundled and cannot be separated. We show that if attributes are technically bundled then valuation analyses that treat these...

This paper asks whether individuals consider the value that future generations will receive from environmental quality when deciding what level of environmental protection to provide. Using data on life expectancy, I develop two tests for altruism towards future generations. One, a test for...

Conservation easements allow landowners to collect earnings from their land, while reducing their tax burdens because the land cannot be sold into development. Conservation assures open space amenities for nearby residents, however, the residents bear a tax increase that offsets the owner’s...

Ecosystem degradation hasmotivated a search for successful conservation approaches. The perceived failure of state-directed protected areas in the tropics has prompted experimentation with community management and co-management strategies. Numerous case studies suggest that none of these are...

It has been argued that the land-use restrictions prescribed by the Endangered Species Act have failed to protect endangered species on private land. Hence, there has been a call for using incentives to complement this regulatory approach. This paper uses data from a survey of private forest...

International environmental groups propose to implement new standards of forest management through programs that certify producers who meet criteria to enhance biodiversity or sustainability. These producers could earn an "eco-label" that identifies their products for consumers. We consider...