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| Registros recuperados: 17 | |
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| Randall, Alan. |
| Budgeting, linear programming and benefit-cost analysis were used in an economic investigation of a private irrigation project which serves 54 individually operated farms. On each of these farms, the opportunity exists for the integration of irrigated and dry land agriculture. The results of this study allow some comments to be made concerning the advantages which are claimed for this type of integration. One of the most appealing of these claims is that integration will encourage extensive types of agricultural production, rather than the intensive and often highly subsidized enterprises which have dominated many acres where farms are wholly or largely irrigated. This study indicates that, should farmers aim to maximize profits, the irrigation water would... |
| Tipo: Journal Article |
Palavras-chave: Farm Management. |
| Ano: 1969 |
URL: http://purl.umn.edu/9199 |
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| Randall, Alan; Hoehn, John P.. |
| Respondents are heterogeneous in their prior information about resource injury. The analysis derives an updating model of how heterogeneous respondents incorporate new information contained in resource injury descriptions. The analysis confirms that the sign of the information effect is determined by the difference between new and prior information. However, in the present analysis, respondents differ in prior information so that treatment information induces different perceptions and different values in different respondents. The empirical analysis confirms that identical treatments result in different injury perceptions. Across respondents, treatment induced changes in perceived injury vary not only in size, but also in sign. Both theory and... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Resource /Energy Economics and Policy. |
| Ano: 2000 |
URL: http://purl.umn.edu/11507 |
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| Randall, Alan. |
| The Australian water economy is entering a mature phase characterised by inelastic supply of 'new' water and the need for expensive rehabilitation of aging projects. Thus, the policy focus will turn increasingly toward ways of restraining water demand and reallocating existing supplies. A prima facie case is made that the efficiency loss from current water pricing and allocation policy is significant. After considering the relevant welfare economics theory, the theory of administered prices and marketable property rights and some American proposals for reform, a system of transferable water entitlements is proposed and developed. |
| Tipo: Journal Article |
Palavras-chave: Resource /Energy Economics and Policy. |
| Ano: 1981 |
URL: http://purl.umn.edu/22314 |
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| Pushkarskaya, Helen N.; Randall, Alan. |
| We offer a decentralized solution to the asymmetric information and hidden action problems in the nonpoint source (NPS) pollution case. Farmers in the same watershed generate homogeneous NPS pollution. The regulator, R, pays for (or represents a group of point-source, PS, polluters who pay for) pollution reduction credits earned by the group of the farmers. To resolve the asymmetric information problem, R is concerned with only the total level of the abatement achieved, while the group of farmers (called the Association, A), undertakes responsibility to distribute the payment so as to induce farmers to deliver abatement. We show that A can devise an optimal contract to deal with the farmers' hidden action problem. We identify the restrictions under... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Environmental Economics and Policy. |
| Ano: 2002 |
URL: http://purl.umn.edu/19890 |
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| Randall, Alan; Chen, Ding-Rong. |
| Because original high-quality non-market valuation studies can be expensive, perhaps prohibitively so, benefits transfer (BT) approaches are often used for valuing, e.g., the outputs of multifunctional agriculture. Here we focus on the use of BT functions, a preferred method, and address an under-appreciated problem – variable selection uncertainty – and demonstrate a conceptually superior method of resolving it. We show that the standard method of value-function BT, using the full estimated model, may generate BT values that are too sensitive to insignificant variables, whereas models reduced by backward elimination of insignificant variables pay no attention to insignificant variables that may in fact have some influence on values. Rather than searching... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Research Methods/ Statistical Methods. |
| Ano: 2011 |
URL: http://purl.umn.edu/114788 |
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| Randall, Alan; Kidder, Ayuna; Chen, Ding-Rong. |
| As a contribution to valuing the outputs of multifunctional agriculture, we report three new meta analyses estimating value functions for agricultural conservation program impacts on water quality, wetlands, and upland habitat and open space. As is often the case in valuation, where methods have yet to be standardized, the data sets are relatively small and noisy. With a clear objective of benefits transfer, we seek robust parameter estimates for key RHS variables, even at the cost of some loss of goodness of fit. We present our estimated full equations, and benefits transfer values calculated from equations estimated after backward elimination of insignificant variables, and offer a rationale for this approach to benefits transfer. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Meta analysis; Benefits transfer; Multifunctional agriculture; Resource /Energy Economics and Policy. |
| Ano: 2008 |
URL: http://purl.umn.edu/43648 |
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| Randall, Alan. |
| The conceptual bases for project evaluation, the use of Hicksian consumer's surplus concepts of value, and the implementation of the currently accepted techniques for valuing non-marketed goods and services, are developed in some detail. While the primary focus is on partial equilibrium analysis of changes pertaining to a single good, some of the complications introduced by multiple changes and general equilibrium conditions are considered. |
| Tipo: Journal Article |
Palavras-chave: Consumer/Household Economics; Demand and Price Analysis. |
| Ano: 1982 |
URL: http://purl.umn.edu/12241 |
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| Randall, Alan; Taylor, Michael A.. |
| Theory predicts that incentive-based regulatory instruments reduce compliance costs by encouraging efficient resource allocation and innovation in environmental technology. Cost reductions from pollution permit trading often have exceeded expectations, but the devil is in the detail: the rules matter. In recent years, IB instruments of many kinds, from permit trading to various informal voluntary agreements, have been introduced in many countries. Point-nonpoint trading programs have been established in the U.S., but recorded trades have been rare. We speculate about prospects for performance-based monitoring of agricultural nonpojnt pollution which, we believe, would encourage trading to the benefit of farmers and society. |
| Tipo: Journal Article |
Palavras-chave: Environmental Economics and Policy. |
| Ano: 2000 |
URL: http://purl.umn.edu/15503 |
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| Registros recuperados: 17 | |
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