Predator control cost-share contracts among livestock producers in North America date back to 1630. A model is developed which provides refutable implications for the structure and distribution of these contracts over time and space. Historical and contemporary state and county level data on...

This paper compares the incentive effects of strict liability and negligence rules when timing of activity affects environmental risk. The model is developed in the context of prescribed fire as a land management input, with an extension to the related problem of wildfire risk mitigation through...

Wildfires are managed in a complex dynamic environment where suppression effort, environmental, and geographic characteristics all influence wildfire outcomes. Suppression effort is largely driven by threats to values at risk. We develop a stochastic dynamic programming model of wildfire...

We develop a demand model for the water market of Windhoek, Namibia, and segment the market by income. The model uses the perceived price concept developed by Shin (1985). Results confirm the Shin hypotheses that consumers dont know actual prices, but respond to perceived prices. The average...

Recent lumber price volatility has been attributed to Spotted Owl Litigation and U.S.-Canada trade disputes. We use intervention analysis to explain daily lumber futures price volatility based on these events and other factors. The way information enters the market is shown to affect the speed...

The Four Rivers lottery run by the National Forest Service distributes the opportunity to raft four sections of rivers in Idaho through a non-transferable lottery. The restriction of trade and focus on equity in distribution creates a deadweight loss in total surplus compared with a market or...

Vegetative fuels management for wildfire risk mitigation is increasing recognized as a crucial complement to suppression. We develop a nested rotation model to examine the fuel treatment timing in the context of a forest environment where part of the values at risk are standing timber to be...

Prescribed burning is increasingly being recognized as a useful land management and conservation tool, but with it comes the risk of fire and smoke damage to the property of others. All but two states have codified laws specifying criminal penalties or liability rules for prescribed burning, but...