Freshwater is becoming increasingly scarce across the globe, leading to conflict over property rights for existing freshwater resources. One realization of such conflict is found in the allocation among states of interstate rivers in the United States. While interstate water markets seem like...

The siting of wind facilities is extremely controversial. This paper uses data on 11,369 property transactions over 9 years in Northern New York to explore the effects of new wind facilities on property values. We use a repeat-sales framework to control for omitted variables and endogeneity...

High volume hydraulic fracturing (HVHF, or fracking), the fracturing of underground shale gas deposits to capture natural gas, is a controversial practice, but one that is thriving in many areas of the United States. Thirty home-rule states (and 9 others with “limited” status) in the U.S....

Floods cause billions of dollars in property damages each year in the United States. While programs like flood insurance and disaster relief help to lessen the burden on those harmed, they do nothing to mitigate the severity of floods. Wetlands have a natural ability to mitigate the impacts of...

The Adirondack Park contains over 6 million acres and over 3,000 lakes. Approximately 43% of the Park is publicly owned and protected to remain “forever wild”. Despite regulatory measures aimed at protecting the natural resources of the Adirondacks, surface water quality is threatened by...

The Adirondacks are one of our nation's most interesting experiments in conservation. Comprised of approximately 6.1 million acres, the Adirondacks are located in Northern New York in an area that is made up of great forest tracts with thousands of miles of lakefront, rivers, streams, brooks,...

Using a model of monopolistic competition with two countries, where we allow for technological asymmetries, we examine the relationship between intra-industry trade and environmental regulation. The decisions on emission standards set by each country show strong strategic interactions. We show...