The relationship between a country's degree of openness and its economic well-being has been examined extensively both theoretically and empirically. Numerous empirical studies using different openness measures have found a positive effect of openness on growth. However, the validity of such measures have
come into question due to data issues....
The concept of ecosystem management requires that management prescriptions account for economic and environmental goals that are measured in non-commensurate units. This study examines the economic and environmental trade-offs associated with planting a riparian buffer in trees to reduce stream temperatures in the Mohawk watershed, Oregon. The detrimental effects of...
The U.S. farm sector has undergone dramatic structural change during the
past fifty years, a chief result being that the number of large farms has increased
relative to the number of small farms. Numerous agricultural policies have been
instituted, with the partial objective of preserving the family farm. At the...
This study estimates the welfare effects of cigarette advertising using the framework
posited by Becker and Murphy (1993). This model exposes previously unaccounted
benefits of cigarette advertising and allows for conventional social welfare estimation by
assimilating the theory of advertising into the general theory of complements. The policy
implications of...
Grazing of riparian forage by livestock may alter stream channel morphology in ways that impact nearby aquatic habitat, bank stability, vegetative cover and water quality. A number of grazing management practices have been proposed as a means to reduce the amount of time cattle spend in the riparian zone. The...
The grain milling industry has undergone substantial change during the past several decades in technical as well as industry structure. This study seeks to determine how industry performance, as reflected in productivity growth, has varied since the 1950's. Productivity growth is represented primarily by its dual rate, the percentage reduction...
Governments in less developed countries have recognized
in recent years the need to liberalize economic policies in
order to increase efficiency in agricultural commodity
markets. In an attempt to help decision makers assess
alternative choices, most policy studies, however, have
focused on the efficiency norm criterion without much
consideration for...
Agronomic research documents a strong correlation
between the level of irrigation water applied and the level
of farm chemicals leached into water bodies. Consequently,
policies that cause farmers to alter irrigation water
management practices are likely to influence water quality.
Water markets are a potentially attractive method of
addressing agriculturally...
The management options chosen by decision makers in
managing wildlife and fisheries have different effects for
diverse user groups. As a result, natural resource management
agencies often seek information to evaluate the effects of
alternative policies on the benefits provided to different
constituencies. Over the past decade, economists have
developed...
A structural model of the Pacific halibut fishery is developed. Hypothesis tests
are developed within the framework of the "new empirical industry organization" for
the exertion of market power by Pacific halibut processors in both the exvessel market
and the wholesale market. The relationship of market power exertion and IPHC's...