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CLOSING THE BARN DOOR: CONSTRUCTION AND ENDANGERED SPECIES RESTRICTIONS AgEcon
Osgood, Daniel E.; List, John A.; Margolis, Michael.
This paper tests if the endangered species protection process accelerates construction by developers seeking to avoid potential restrictions. The case of the pygmy owl outside of Tucson, Arizona is used as a natural experiment. It is found that the protection process has accelerated development.
Tipo: Conference Paper or Presentation Palavras-chave: Resource /Energy Economics and Policy.
Ano: 2002 URL: http://purl.umn.edu/36598
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Safe Minimum Standards in Dynamic Resource Problems -- Conditions for Living on the Edge of Risk AgEcon
Margolis, Michael; Naevdal, Eric.
Safe Minimum Standards (SMSs) have been advocated as a policy rule for environmental problems where uncertainty about risks and consequences are thought to be profound. This paper explores the rationale for such a policy within a dynamic framework and derives conditions for when SMSs can be summarily dismissed as a policy choice and for when SMSs can be defended as an optimal policy based on standard economic criteria. We have determined that these conditions can be checked with quite limited information about damages and risks. In order to analyze the SMSs in a dynamic setting, we have developed a method for solving optimal control problems where the state space is divided into risky and non-risky subsets.
Tipo: Working or Discussion Paper Palavras-chave: Safe minimum standards; Optimal control; Critical zone; Threshold effects; Mixed risk spaces; Risk and Uncertainty; C61; Q20; Q30.
Ano: 2004 URL: http://purl.umn.edu/10568
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Bang for the Buck: Cost-Effective Control of Invasive Species with Different Life Histories AgEcon
Buhle, Eric; Margolis, Michael; Ruesink, Jennifer L..
Strategies for controlling invasive species can be aimed at any or all of the stages in the life cycle. In this paper we show how to combine biological data on population dynamics with simple economic data on control cost options to determine the least costly set of strategies that will halt an invasion. We then apply our methods to oyster drills (Ocinebrellus inornatus), an economically important aquaculture pest that has been accidentally introduced worldwide. If the costs of intervention were the same across life stages, extermination of adults would be an inefficient way to control species with the population dynamics characteristics of invaders. In the oyster drill case, however, efficient control targets adults because they are much easier to find.
Tipo: Working or Discussion Paper Palavras-chave: Invasive species; Bioeconomics; Control strategies; Environmental Economics and Policy; Q10; Q2; Q22.
Ano: 2004 URL: http://purl.umn.edu/10793
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How Trade Politics Affect Invasive Species Control AgEcon
Margolis, Michael; Shogren, Jason F..
Trade has become the main mode of transport for many invasive species including diseases and agricultural pests. Most species are brought to their new homes unintentionally, which constitute a market failure rooted in international trade. Unless it is practical to drive invasion risk to zero, the external costs may justify a tariff. In this paper we analyze the political process likely to govern the formation of tariffs so justified, using a straightforward incorporation of an invasive species externality into Grossman and Helpman's well-known political economy model. We show our measure of disguised protectionism -the gap between the optimal tariff and that set in the equilibrium of the political economy game- is equal to the tariff that would be set if...
Tipo: Working or Discussion Paper Palavras-chave: Invasive species; Protectionism; Tariff; Political economy; Environmental Economics and Policy; Q17; Q56; Q57.
Ano: 2004 URL: http://purl.umn.edu/10770
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Implementing the Efficient Auction: Initial Results from the Lab AgEcon
Margolis, Michael; Shogren, Jason F..
The efficient auction is designed to induce truthful bidding for bidders with affiliated values. Herein we implement the auction in the lab, and observe that inexperienced people can bid systematically in this more complex environment, albeit yielding a flatter bid function than the truthful one.
Tipo: Working or Discussion Paper Palavras-chave: Auction; Affiliation; Experiments; Valuation; Financial Economics; C9; D44.
Ano: 2003 URL: http://purl.umn.edu/10733
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Unprotected Resources and Voracious World Markets AgEcon
Margolis, Michael; Shogren, Jason F..
The Theory of the Second Best implies that any country with less-than-ideal resources can lose from international trade. Recently it has been suggested this means the South (poor countries) are better off suppressing trade with the North, especially trade in natural resource products, since the North has better developed rights to protect its natural resources. Here we show that the suppression of such trade may also impede the development of property rights in the South, but that even taking this into account, trade liberalization need not improve Southern welfare. We find that within a cone of world prices on the boundary of which lies the South's autarky price vector, welfare losses still occur even when local governments in the South make optimal...
Tipo: Working or Discussion Paper Palavras-chave: International trade; Property rights; Natural resources; Environment; Second best; Institutional change; Development; International Relations/Trade; F02; F10; F18; K11; O10; O19.
Ano: 2002 URL: http://purl.umn.edu/10635
Registros recuperados: 6
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