This paper estimates the costs of buying water use rights from farmers located in the Mafraq-Azraq basin in Jordan. Farmers’ water supply curve is estimated using data gathered from a contingent valuation survey. Estimation results indicate that a total supply of 29 million m3 could be...

This study presents a technique that can jointly model and simulate the expected values, variances, and covariances of sets of correlated time-series dependent variables that are autocorrelated and non-normal (right or left skewed and/or kurtotic). It illustrates the method by applying it to...

Replaced with revised version of paper 07/22/11.

We analyze time-varying volatility in crude oil, heating oil, and natural gas futuresmarkets by incorporating changes in important macroeconomic variables and majorpolitical and weather-related events in conditional variance equations. We allow eachmarket to respond to positive news different...

Data from a 2000 National Survey on Recreation is used to determine the effect of different factors affecting customers' decisions to participate in agritourism. The estimates of the own price and income elasticities are -0.13 and 0.06, respectively. The total consumer surplus from the...

This paper uses Nevada data to conduct regression analyses of the relationship between sage grouse (Centrocercus urophasianus) population sizes and potential causal factors. This is policy-relevant because of current petitions for listing this species under the Endangered Species Act. A key...

This paper assesses the potential for incomplete definitions of resource use to influence estimates of nonuser WTP, and whether uses underlying certain use values may escape measurement using standard mechanisms applied to distinguish resource users from nonusers. Empirical results are drawn...

Proposals for marginal cost water pricing have often been found to be politically infeasible because current users will have to pay a higher price even though future users will be better off. We show how efficiency pricing can be rendered Pareto-improving, and thus politically feasible, by...

Estimates of direct and indirect material and energy usage for New York State are derived from existing input-output and natural resource and energy databases. The work provides both a generally applicable methodology and an empirical example for estimating energy and material flow impacts at...

Legislation passed in 2002 enables managed harvesting and grazing of Conservation Reserve Program (CRP) land, including harvesting of biomass. The objective of the research is to determine the cost to acquire, harvest, store, and deliver a steady flow of biomass from CRP grasslands to a biorefinery.