Economists and economic analysis can play different roles in the development of water quality management programs. Economists may develop cost analysis for improving regulatory program implementation or design institutional arrangements for market-like program. We argue that cost analysis may be...

The purpose of this study is to evaluate agricultural producer response to opportunities to generate nutrient credits under Virginia’s water quality trading program. In 2005 the Virginia legislature passed legislation authorizing trade of nutrient reduction credits from nonpoint to...

Local water suppliers are increasingly faced with implementing policies to address temporary water shortages. This analysis estimates the reductions in residential water-use from the implementation of voluntary and mandatory water-use restrictions programs in Virginia. The level of information...

Emission trading programs have been discussed with respect to achieving water quality objectives and future caps on carbon emissions. A significant part of this literature explores the institutional and technical design issues associated with trades involving nonpoint effluent sources and carbon...

The stochastic impact of the "climatic fluctuation effect" is introduced in the traditional determinant timber growth model and optimal harvesting strategies are derived under different stochastic "climatic fluctuation effect" patterns. Results show that properties of different patterns...

This study applies the fixed allocatable input model to test the effect of water price on the multiple production decision in Georgia, U.S. The limited dependent variable models are applied and intensive data are analyzed in this study to estimate the decision for crop choice, land allocation,...

We estimate the contract prices that must be paid to grow cellulosic energy crops, and the costs of harvesting and transporting those crops in the Beaumont, TX area. Results indicate that the delivered price would range between $54 and $101 per ton of dry matter depending on the specific crop.