Fires are an important and natural component of forest ecosystems that affect the timber value of forests, and thus optimal rotations. Fire also affects amenity values provided by forests. This analysis examines the relationships among forest fire risk, timber values, and amenity values in a...

We analyse efficiency problems of incentive-compatible contracts under moral hazard and/or adverse selection in the context of private resource management. The paper contributes to defining the regulatory role in creating an optimal information environment between regulator and private resource...

In this article we develop a general conceptual model of a property-owner’s decision to implement actions to protect his property against wildfire threat. Assuming a prospective-utility maximizing decision maker, we derive a system of demand functions for fire-safe actions that characterizes...

The spread of invasive annual grasses and resulting escalation of wildfire frequency and severity pose a significant and growing threat to the economic and ecological viability of the rangelands in the Great Basin. While private ranchers have the option to limit the severity of wildfires through...

This paper contributes towards the development of an approach that would generate welfare measures that accommodate non-expected utility risk preferences. Combining the merits of elicitation approaches used in field experiments with contingent valuation, we embed an experimental design that...

This study employs a Markov chain model of vegetation dynamics to examine the economic and ecological benefits of post-fire revegetation in the Great Basin sagebrush steppe. The analysis is important because synergies between wildland fire and invasive weeds in this ecosystem are likely to...

We employed a cross-nested logit (CNL) model that permits a rich pattern of substitution among alternatives within a closed form choice model. The specification we employed is ideal for applications with many choice alternatives, such as the 431 fishing sites in this application. The CNL model...

This study examined the size and the determinants of the price premium a sample of Edmonton-area consumers was willing to pay for organic wheat bread. The development of these premiums included consideration of providing information on health or environmental advantages of organic production and...

Improvements in seasonal climate forecasts have potential economic implications for international agriculture. A stochastic, dynamic simulation model of the international wheat economy is developed to estimate the potential effects of seasonal climate forecasts for various countries' wheat...

The main aim of this study was to develop an understanding of current practice in New Zealand firms with regard to the management of managers, in particular the senior management team consisting of the CEO and direct reports. Although theory drawn from organizational economics, human resource...