In this paper we develop a simple economic model to analyze the use of a policy that combines a voluntary approach to controlling nonpoint-source pollution with a background threat of an ambient tax if the voluntary approach is unsuccessful in meeting a pre-specified environmental goal. We first...

Because it is difficult to monitor emissions and to implement differentialtaxes and standards, uniform taxes and standards on agricultural chemicaluse are often proposed and used to control nonpoint-source pollution. Thisarticle analyzes the relative efficiency of these uniform instruments in...

This article examines the allocative efficiency of water quality management activities to protect endangered salmonid species in a heterogeneous watershed in the Pacific Northwest. Using an integrated hydrological, biological, and economic modeling framework, the relative efficiency of...

This concise study analyses the symmetry of financial markets' responses to macroeconomic policy interaction in the United Kingdom. Employing the Vector Auto-regression (VAR) model on monthly data of the British financial sector and macroeconomic policies from January 1985 to August 2008, this...

This nation-scale, watershed-level analysis focuses on the major trends and the spatial pattern of land use and the impact on watershed health. We estimate a simultaneous equation system to analyze the impact of land use on aquatic health in watersheds across the United States.

A leading cause of biodiversity decline is the habitat destruction associated with urban development. We use a database of county-level land use regulations to analyze the effects of local land use regulations on land use changes. We use the results of this analysis and a species-habitat...

This article examines firms' motivations for environmental overcompliance. A theoretical model is developed to identify the internal and external factors that influence firms' decisions for environmental overcompliance. An empirical analysis is then conducted to determine the statistical...

This article develops a theoretical model to analyze the spatial targeting of incentives for the restoration of forested landscapes when wildlife habitat can be enhanced by reducing fragmentation. The key theoretical result is that the marginal net benefits of increasing forest can be convex, in...