This paper examines investment and livelihood decisions among forest peasant households in the Amazonian floodplain. A dynamic household model of multiple asset accumulation and activity choice under risk and credit constraints is developed by incorporating natural resource use and human capital...

The popularity of tourism as a component of development strategy in low-income countries is founded in part upon the belief that expansion of this industry will improve income distribution by greatly expanding demand for relatively low-skilled labor. We examine this belief for the case of...

This study uses hedonic analysis to estimate the effects of a common aquatic invasive species--Eurasian Watermilfoil (milfoil)--on property values across an extensive system of over 170 lakes in the northern forest region of Wisconsin. Since milfoil is inadvertently spread by recreational...

This paper develops a theoretical model to analyze the spatial targeting of incentives for the restoration of forested landscapes when wildlife habitat can be enhanced by reducing fragmentation. The key theoretical result is that the marginal net benefits of increasing forest are convex,...

The non-point pollution rules proposed by the Wisconsin Department of Natural Resources (DNR) have generated questions regarding the costs of compliance for Wisconsin agriculture. It is clear that some agricultural practices will have to change if the proposed rules are enacted, but the costs of...

This paper examines the relationship between #11 sugar futures prices traded in New York and the world cash prices for exported sugar. It was found that the futures market for sugar leads the cash market in price discovery. However, we fail to find evidence that changes in the cash price causes...

The economic and fiscal impact of five alternative economic development events are compared and contrasted using a conjoined input-output/econometric modeling system. The five hypothetical events include retail, services (hospital) and manufacturing developments along with two housing...

Wisconsin's 600,000 deer hunters will bear the brunt of the economic losses from chronic wasting disease (CWD) in the Wisconsin deer herd. Though studies have not been done to pinpoint these losses, under plausible assumptions, they could have amounted to between $58 million and $83 million in...

In this paper we put forth some empirical evidence from the Brazilian Amazon that the relationship between roads and land clearing may be much more complex than the conventional wisdom implies. In particular we find that in areas that already at least partially cleared, improving the road...

We develop a reduced-form model of price transmission in a vertical sector, allowing for refined asymetric, contemporaneous and lagged, own and cross price effects. The model is used to analyze wholesale-retail price dynamics in the US butter market. The analysis provides strong evidence of...