This paper presents a classroom experiment where students participate in a simulated futures market. This experiment can be run in about an hour and allows students to interact, negotiate, try different strategies, see how their accounts are closed, and observe how spot and futures markets...

This paper uses a unique US dataset to study the economic causes of light pollution at the local (county) level. Light pollution has been shown to have negative consequences for both wildlife and humans. Light pollution is a form of pollution commonly ignored by environmental professionals....

We develop a classroom experiment on exchange rate determination appropriate for undergraduate courses in macroeconomics and international economics. Students represent citizens from different countries and need to obtain currency to purchase goods. By participating in a sealed bid auction to...

It has been widely suggested that changing land use from annual to perennial crops reduces land and stream degradation due to salinisation. However, annual crops are financially attractive and increases in perennials can reduce stream flows with adverse effects on stream values. As such,...

The Illinois River Basin in eastern Oklahoma and northwest Arkansas is an example of a region where significant growth in poultry production has been accompanied by water quality problems. The primary concern in the basin is the problem of phosphorus in runoff that is associated with application...