Do countries that are more open achieve higher growth rates than countries which are less open? With the same degree of openness do poor countries tend to grow faster than rich countries? If they do, the poor countries will move toward equalizing the level of per capita income and there will be...

Cooperatives are unique among agribusiness firms because their owners are also their customers. This dual nature of patrons means that maximizing profit is one of several optimal strategies the cooperative may pursue. Using a survey of marketing cooperative managers, we examine how membership...

We present a computable general equilibrium model of the interface between the Great Salt Lake (GSL) ecosystem and the regional economy that impacts the ecosystem. With respect to the ecosystem, the model treats the various representative species as net-energy maximizers and bases population...

AIn this paper we provide several GAMS- and Excel-based resource-extraction models that can be used in an intermediate-level natural-resource economics course to numerically solve a host of exhaustible- and replenishable-resource problems, and thereby help verify the intuition and symbolic...

Arbitration is a growing method of resolving disputes in varied settings. While two specific arbitration rules dominate in practice, other procedures have been hypothesized to better promote voluntary settlement. Such hypotheses require theoretical assumptions of identical bargainer expectations...

This paper presents results from a controlled laboratory study of bargaining behavior and dispute rates under three types of arbitration procedures. Two of these—conventional and final-offer arbitration—are commonly used in practice, while an innovative procedure called “Combined...

Traceability poses market opportunities and threats for U.S. red meat producers for at least two reasons. First, consumers are becoming more concerned about the inputs and practices used to produce food and the ability to trace red meat to its source is an essential step in providing information...

Data from a stated preference survey of anglers who fished in marine waters off the Kenai Peninsula, Alaska, are used to model angler participation, angler welfare, and regional economic activity. The probability of taking a sportfishing trip is represented as a nonlinear function of predictable...

We use Kriström’s simple spike model to assess the factors influencing consumers’ willingness to pay a premium for a variety of certified wood products. A survey of over 1600 Pennsylvania and Tennessee residents found that approximately 35% were willing to pay some positive “premium”...

Single equation regression models have been used rather extensively to test the effectiveness of Supplemental Instruction (SI). This approach, however, fails to account for the possibility that SI attendance and the outcome of SI attendance are jointly determined endogenous variables. Moreover,...