Poultry litter can be used as plant nutrients or cattle feed. Both of these alternatives may increase phosphorus concentration in the nearby watershed. Use of phosphorus consistent litter application rule in nutrient management combined with permit system has potential to curtail the over...

Voluntary donations to non-game species protection through state income tax checkoffs are analyzed. An analogy between the contingent valuation method and check-off scheme is drawn by observing the existence of agenda effects in the latter. Results reveal that substitution and sequencing effects...

Policy makers should consider price volatility effects when determining appropriate spending levels for alternative fuel programs.

The method of principal components is used to construct attractiveness indexes for existing and proposed wilderness areas in California. Rankings of areas based on this procedure are compared with those based on size and the subjective attractiveness index developed by the Forest Service. The...

Future agricultural water demands are determined by employing forecasts from irrigated crop acreage models. Forecasts of prices and yields, and variances and covariances of crop returns are employed for forecasting crop acreage. Results provide insights into the value of rational expectations in...

Dramatic increases in levels and volatility of gasoline prices observed in recent years may create market incentives for adoption of alternative fuels characterized by lower price volatility. This hypothesis is investigated by applying the real-options pricing approach to develop optimal...

This study identifies the presence of slippage and the pitfalls associated with not considering economic substitution and expansion effects in measuring changes in water demand. Based on estimates from the Georgia Flint River Basin, the analysis indicates a 13% slippage caused by disregarding...

The objective of the research presented in this paper is the development of a stochastic adoption threshold. The option pricing approach for modeling investment under uncertainty is extended for the case of comparing two stochastic input prices associated with inputs that are perfect substitutes...