An international mechanism to reduce emissions from deforestation using carbon payments (REDD+) can be leveraged to make payments for forests’ biodiversity as well. Paradoxically, under conditions consistent with emerging REDD+ programs, money spent on a mixture of carbon payments and...

L eakage from forest carbon seques- tion has been widely acclaimed as an optration— the amount of a program’s direct carbon tion for mitigating greenhouse gas emisbenefits undermined by carbon releases else- sions (GHGE). Land use change and where—depends critically on demanders’ability...

Harvesting restrictions to protect the habitat of the northern spotted owl on federal forests in the Pacific Northwest (PNW) substantially reduced timber available for processing by the forest products industry. We consider the extent to which these restrictions may have altered the degree of...

Oligopsonistic commodity markets can induce upstream vertical integration by the input demanders. The associated price distortion can also induce output substitution by the commodity's suppliers. These phenomena are considered in the context of pulpwood markets in the U.S. The estimated welfare...

We explore the distributional consequences of various fee schemes and other policy programs to reduce overfishing in the gulf of Mexico recreational fishery. The econometric model allows the marginal utility of income to vary across three income groups. We find that flat fees have a strong...

Travel cost models are routinely used to assess the impact of policy changes on consumer’ s surplus. In this paper we show that when the policy change leads to a partial closure of the resource, then the standard use of consumer’ s surplus per trip can be inappropriate depending upon the...

Despite two decades of debate, there remains little consensus about what sustainability is, and how it should be achieved. Economists primarily portray sustainability as a macro-level concern, but there has been less attention on the implications of this social objective for policies related to...

Environmental economists have traditionally addressed the issue of choice under uncertainty by applying the expected utility hypothesis. When policymakers face a panel of experts with widely divergent beliefs, the problem may more accurately be described as a case of choice under pure...

We use propensity score matching to estimate additionality from enrollment in federal costshare programs for six practices. We analyze farmer adoption decisions based on farmer survey data in Ohio. We develop a new methodological approach to decompose the average treatment effect on the treated...