This paper argues that past evaluations of the efficiency gains for command and control (CAC) versus incentive based (IB) environmental policies have been misleading. An analytical model of firm behavior in offering pollution permits for sale is used to demonstrate that the efficiency properties...

Growing deer populations are controlled through changes in hunting regulations including changes in both hunter bag limits and season length. Such action results in direct benefits to hunters and indirect benefits to motorists and the agricultural sector as a lower deer population leads to fewer...

The potential importance of congestion effects on the management and rationing of recreational facilities and services in the presence of heterogeneous preferences were highlighted nearly twenty-five years ago by Freeman and Haveman (1977). While there have been a number of theoretical models...

Increasing aridity, more frequent and intense drought, and greater degrees of water scarcity create unique challenges for agriculture. In response to these challenges, which often manifest themselves in the form of lower and more variable surface water supplies as well as depleted and degraded...

Fish hatchery programs commonly are used to enhance depleted fish populations. While these programs are highly valued by the public, most likely due to their nonrestrictive approach to restoring a fishery, the effectiveness of these programs has been often questioned. This study investigates...

We investigate the effect of introducing a fiscally neutral increasing block rate water budget price structure on residential water demand. We estimate that demand was reduced by around 17%, although the reduction was achieved gradually over more than three years. As intermediate steps we derive...

Groundwater provides many valuable services to society, especially as a source of irrigation water. However, over-extraction and degradation threaten the ability of many groundwater systems to continue to provide such valuable services to society. As governments consider the costs and potential...