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 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...

Texas High Plains (THP) is a major cotton producing region in the US with low rainfall and decreasing irrigation water availability. Hence stochastic rainfall poses considerable production risk in the region and developing strategies to maximize the average profit and minimize the year to year...

This paper studies the optimal management of groundwater resources when agronomic and hydrologic constraints bind the use of groundwater for irrigation. The binding constraints lead to a perfectly inelastic demand for groundwater. In the case of symmetric agents the social and private rates of...

Developing groundwater management plans requires a good understanding of the interdependence of groundwater hydrology and producer water use behavior. While state-of-the-art groundwater models require water demand data at highly disaggregated levels, the lack of producer water use data has held...

This paper provides a theoretical analysis of the common-pool resource dilemma in extracting nonrenewable groundwater resources when water demand is perfectly inelastic. It complements the existing theory of groundwater use, which assumes away the possibility of demand perfect inelasticity....

This paper explores the economic feasibility secondary forest regeneration and conservation as an alternative to help address global warming. Detailed measurements of tropical secondary forests through time, in different ecological zones of Costa Rica, are used for estimating carbon storage...

Exchange rates have long been thought to have an important impact on the export and importof goods and services, and, thus, exchange rates are expected to influence the price of thoseproducts that are traded. At the same time, energy impacts commodity production in somevery important ways. The...

The recent/current recession provides the opportunity to study the effects of the macroeconomic changes on the agricultural production systems in the Great Plains and trace some of its impacts through the system to changes in primary inputs such water resource use. Therefore, the objective of...

Economic impacts of hunting activities reveals opportunities for landowners to capitalize on apparent market demand for fee-access hunting. This paper discusses the marginal values of hunting package attributes. The results will provide landowners the information needed to make optimal...