Auctions are used to solve resource allocation problem between many agents and many items in real-world settings. Unfortunately, in most cases, it is possible for selfish agents to manipulate the system for their own interest at the expense of the social welfare. Such manipulation can be prevented using the Vickrey-Clarke-Groves...
Chile has experienced great success in terms of economic growth in the last decades. This growing economy brings changes in the Chilean health care system. Its health care system was primarily funded by state sources until 1981, when a major reform was introduced that established new rules for the health...
Contract harvest operations have become the preferred approach to reducing the largest cost component of timber production through free market competition amongst logging contractors bidding or negotiating for work. The goal of this research was to investigate economic components of harvesting operations not previously studied for steep slope thinning harvests...
This paper investigates the potential welfare gains resulting from variable parking fees in the presence of heterogeneous agents. We begin by defining a modified linear city model with two lots located at separate distances from a central business district, and two types of agents with heterogeneous values of time. Agents...
A basic tradeoff to consider when designing a distributed data-mining framework is the need for a compromise between the cost of communication and computation resources and the accuracy of the mining results. This is essentially a decision of whether it is more efficient to communicate all of the data to...
Private land-use decisions can have important effects on private and public welfare. Market-based policies to regulate land use have the potential to move the privately-optimal allocation of land closer to what is socially optimal. To implement these policies in the Rocky Mountain states, it is necessary to understand the effects...
To increase the knowledge needed to successfully implement the ecosystem-based approach to fishery management, this dissertation investigates important issues within the economics of choice and the economics of displacement. In particular, a discrete choice model of the fishing location decision in the Newport, Oregon bottom trawl groundfish fishery is estimated...
The impact of recent severe droughts throughout the United States, the potential for climate change to intensify the frequency and severity of drought, and discussion about the future of government assistance in agriculture highlight the need for a transition from drought as ‘disaster’ to drought as ‘managed risk’. However, guidance...
To protect and restore environmental quality, efficient and effective conservation policies are needed. Designing policies require a sound understanding of the contributions of natural endowments to economic vitality, and the performance and impacts of conservation programs. This dissertation consists of three essays, and addresses several issues relevant to these two...
This dissertation consists of three papers studying optimization, conservation
and valuation of contingent claims in economic resource nianagement under
uncertainty.
In the first paper the Markovian optinial policies are studied for resource
management in a finite time horizon. Under sonic conditions, in particular, when
the prices are stochastic and there...