This study demonstrates that the measurement of technological change and economic efficiency are tightly linked. Efficiency measures may depend on carefully controlling for technological change, while tests of technological change may be sensitive to empirical model specifications. Moreover, the...

We empirically investigate the effects of the Northwest Forest Plan on two widely-used economic indicators: employment growth and net migration. We find weak evidence that that setting aside 10 million acres of productive forest land for biodiversity protection had a large, but short-lived...

The necessity to develop a priority system to guide the allocation of resources to the conservation of endangered species is widely recognized. The economic theory of biodiversity has established a framework to do so, and has identified priority criteria that should be considered when making...