This paper presents two formal models that link poorly defined property rights with wasteful deforestation. The first model demonstrates that, when property rights must be privately defended, most of the potential rental value of the land will be dissipated. The second model shows that even...

The authors measure the economic impact of climate on land prices. Using cross-sectional data on climate, farmland prices, and other economic and geophysical data for almost 3,000 counties in the United States, they find that higher temperatures in all seasons except autumn reduce average farm...

In this paper, we propose a method of identifying and truncating protesters in Contingent Valuation surveys. We propose using a system of Willingness to Pay (WTP) questions that value multiple goods and that use both discrete choice and open-ended questions coupled with multiple questions about...