Tackling the problem of ecosystem services degradation is an important policy challenge. Different types of economic instruments have been employed by conservation agencies to meet this challenge. Notable among them are Payment for Ecosystem Services (PES) schemes that pay private landowners to...

This research explores the welfare consequences of substituting carbon taxes for conventional distortionary taxes in a small open economy, using Pennsylvania as case study. A computable general equilibrium (CGE) model is developed for Pennsylvania to simulate possible outcomes when carbon taxes...

High rates of commercial fertilizer and animal manure application on cropland have been identified as an important cause of ground and surface water degradation in many areas of the country. Suggested remedies are often based on the idea that fertilization levels are economically irrational for...

There is considerable interest in watershed-based water quality protection. However, the approach can be highly information intensive, necessitating decisions about the types and amounts of data used to guide decisions. This study examines the Bayesian value of different types and amounts of...

Increasingly, environmental problems are recognized to involve linkages across multiple environmental variables (e.g., pollution and a fishery). Prior work on managing these complex, linked systems generally focuses on efficiency rather than implementation. However, implementation is important...

Following Weitzman (1974), there is ample theoretical literature indicating that choice of pollution control instruments under conditions of uncertainty will affect the expected net benefits that can be realized from environmental protection. However, there is little empirical research on the ex...

My dissertation research is composed of three essays to investigate the role of procurement contracting, market structural features, and market participants¡¦ behavior as determinants of the implications of contracting for spot price determination, market segments, and welfare effects. A key...

Knowledge plays an important role in firm decision making as it involves the selection of technological systems and understanding and executing technologies that are implemented. Knowledge management therefore is a learning behavior which is undertaken to acquire additional knowledge and improve...

Commodity futures can supply fair investment return and unique diversification benefits to a portfolio manager. The relative performance between commodity futures and traditional financial assets is varied with business and market conditions. In general, commodity futures are negatively...

This study analyzed a pilot insurance program for pastures, rangeland, and forage called Rainfall Index (RI-PRF). It is designed as a risk management tool to insure against declines in the accumulated rainfall index within a geographic grid. Although conceptually RI is an easy to understand risk...