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Phosphorus-Based Application of Livestock Manure and the Law of Unintended Consequences AgEcon
Norwood, F. Bailey; Chvosta, Jan.
The application of manure phosphorus at rates above crop uptake has resulted in water pollution for some regions. In response, new manure management standards will require some farms to match manure phosphorus applications rates with crop uptake. For some regions, this will lead to more crop acres and a shift toward crops with greater nutrient uptake, both of which will increase nitrogen runoff. The greater nitrogen runoff could offset the lower phosphorus runoff to result in greater water pollution. This demonstrates the law of unintended consequences, which results when policy does not consider how economic agents respond to incentives.
Tipo: Journal Article Palavras-chave: Best management practice; Eutrophication; Manure management; Nutrient runoff; Phosphorus standards; Pollution control; Water pollution; Environmental Economics and Policy; Production Economics; D6; Q1; Q2.
Ano: 2005 URL: http://purl.umn.edu/43715
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Allocation of CO2 Emissions Allowances in the Regional Greenhouse Gas Cap-and-Trade Program AgEcon
Burtraw, Dallas; Palmer, Karen L.; Kahn, Danny.
Cap-and-trade programs for air emissions have become the widely accepted, preferred approach to cost-effective pollution reduction. One of the important design questions in a trading program is how to initially distribute the emissions allowances. Under the Acid Rain program created by Title IV of the Clean Air Act, most emissions allowances were distributed to current emitters on the basis of a historic measure of electricity generation in an approach known as grandfathering. Recent proposals have suggested two alternative approaches: allocation according to a formula that is updated over time according to some performance metric in a recent year (the share of electricity generation or something else) and auctioning allowances to the highest bidders....
Tipo: Working or Discussion Paper Palavras-chave: Emissions trading; Allowance allocations; Electricity; Air pollution; Auction; Grandfathering; Generation performance standard; Output-based allocation; Cost-effectiveness; Greenhouse gases; Climate change; Global warming; Carbon dioxide; Sulfur dioxide; Nitrogen oxides; Mercury; Environmental Economics and Policy; Q2; Q25; Q4; L94.
Ano: 2005 URL: http://purl.umn.edu/10650
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Effects of the Conservation Reserve Program on Elevator Merchandising Margins in Oklahoma AgEcon
Adam, Brian D.; Hong, Seung Jee; Dicks, Michael R..
The Conservation Reserve Program (CRP) takes cropland out of production for 10 years, reducing grain supplies available to elevators. Results suggest that the program has negatively impacted elevator merchandising margins, but that elevators adjusted rather quickly to CRP changes, making most of the adjustment within 1 year. The reduction in margins reflects an element of pressure on agribusiness that has not been measured in previous studies.
Tipo: Journal Article Palavras-chave: Agribusiness; Conservation Reserve Program; Country elevators; Land retirement programs; Merchandising margins; Q1; Q2; D4; L1.
Ano: 2004 URL: http://purl.umn.edu/42835
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Pay-At-The-Pump Auto Insurance AgEcon
Khazzoom, J. Daniel.
PAY-AT-THE-PUMP is a proposal to replace the current insurance system of lump sum payments for automobile insurance by a mechanism whereby motorists pay for their insurance as they buy fuel for their vehicles. PAY-AT-THE-PUMP has several advantages. It reduces insurance cost and cross subsidies and enhances equity. It also benefits the environment, safety, balance of payments, and security. In this paper we study limited but very important issues in the theory and implementation of PAY-AT-THE-PUMP insurance. We address issues of efficiency, subsidy, equity, externalities, safety, insurance cost and cost of insuring the uninsured motorist under a PAY-AT-THE- PUMP regime. We use the insurance industry's criticisms of mandatory auto insurance as a lens...
Tipo: Working or Discussion Paper Palavras-chave: Converting fixed to variable cost; Efficient pricing of auto insurance; Environmental benefit of Pay-at-the-Pump; Exposure risk; Insurance cost; Insurance externalities; Mandatory insurance; Safety; Uninsured motorist; Universal auto insurance; Risk and Uncertainty; L2; L9; M2; Q2; Q4; R4.
Ano: 2000 URL: http://purl.umn.edu/10906
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Liability, Regulation and Endogenous Risk: Incidence and Severity of Escaped Prescribed Fires in the United States AgEcon
Yoder, Jonathan K..
Prescribed fire is a useful but risky method for reducing general wildfire risk and improving wildlife habitat, biodiversity, timber growth, and agricultural forage. In the past the fifteen years, laws is some states have been adopted to support the use of prescribed fire. This article examines the effect of liability law and common regulations on the incidence and severity of escaped prescribed fires in the United States from 1970 to 2002. Regression results show that stringent statutory liability law and regulation tends to reduce the number and severity of escaped prescribed fires on private land, but not on federal land where state liability law does not directly apply.
Tipo: Working or Discussion Paper Palavras-chave: Endogenous risk; Prescribed fire economics; Liability law; Resource /Energy Economics and Policy; K32; Q2.
Ano: 2005 URL: http://purl.umn.edu/12964
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A Spatial-Intertemporal Model for Tropical Forest Management Applied to Khao Yai National Park, Thailand AgEcon
Albers, Heidi J..
This paper discusses the application of a spatial-intertemporal model for tropical forest management to Khao Yai National Park in Thailand. This type of model, especially the spatial components, finds different optimal land allocations than do traditional models at empirically relevant levels of benefits. The spatial analysis here suggests that most of this park can be best used as a preserved area and also provides support for expanding the park into an adjacent unpopulated area. The analysis demonstrates that the park's benefits to regional agriculture and villagers are large enough that preservation can proceed without international support, and that local people, as a group, have incentives to maintain most of the area as preserved land. Although the...
Tipo: Working or Discussion Paper Palavras-chave: Parks; Protected areas; People-park conflict; Spatial; Biodiversity; Option value; Resource /Energy Economics and Policy; Q2; Q15; O13.
Ano: 2001 URL: http://purl.umn.edu/10751
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Restructuring and the Cost of Reducing NOx Emissions in Electricity Generation AgEcon
Palmer, Karen L.; Burtraw, Dallas; Bharvirkar, Ranjit; Paul, Anthony.
We look at the effects of restructuring on three issues: (a) economic surplus and environmental quality, (b) the cost of NOx control policies and who bears the costs, and (c) the cost-effectiveness of a seasonal and an annual NOx cap in the SIP Call region. We find that without the NOx cap, nationwide restructuring leads to higher NOx and carbon emissions from the electricity sector. Adding either a seasonal or an annual NOx cap-and-trade regime in the eastern United States mitigates the increase in NOx emissions but has a much smaller effect on carbon emissions. The out-of-pocket compliance cost associated with achieving a seasonal or an annual NOx cap is moderately higher with nationwide restructuring than without, but the changes in economic surplus are...
Tipo: Working or Discussion Paper Palavras-chave: Electricity; Restructuring; Deregulation; Competition; Emissions trading; Particulates; Nitrogen oxides; NOx; Health benefits; Cost effectiveness; Environmental Economics and Policy; Q2; Q4.
Ano: 2001 URL: http://purl.umn.edu/10549
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Una nota sobre la recuperacion de costes de los servicios del agua en la cuenca del Gallego AgEcon
Perez y Perez, Luis; Hurle, Jesus Barreiro.
Up to date, water management in Spain has been focused on supply approaches, with the result of providing consumers with this resource at a low price. Developments in the institutional framework regulating water management in the European context (mainly the implementation of the Water Framework Directive) have shifted this approach in order to promote sustainable water use. To achieve this objective, tariff policy must now take into account the water services cost-recovery principle for its different uses. Within this context, this paper estimates the public capital stock related to water supply and assesses the existing level of cost-recovery related to that stock. The methodology used, compares the tax level needed for full-cost recovery with actual...
Tipo: Journal Article Palavras-chave: Water policy; Water framework directive; Cost recovery; Resource /Energy Economics and Policy; H4; Q2; R5.
Ano: 2007 URL: http://purl.umn.edu/7997
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The Influence of Public Attitudes on Policies for Conserving Reptiles AgEcon
Tisdell, Clement A..
General factors are outlined that may influence the support of members of the public for the conservation of different species of reptiles. Survey results are then summarised of the variations in the likeability of different species of reptiles as well as whether or not their survival is supported by those surveyed. The relationship between these two factors is outlined and its consequences for the survival of reptile species compared to birds and mammals is specified, assuming a decision situation like that depicted by the Noah’s Ark problem. Furthermore, the extent to which the results support the similarity principle are considered. A substantial dichotomy in the likeability of different reptile species is observed: turtle species tend to be liked much...
Tipo: Working or Discussion Paper Palavras-chave: Attitudes to survival of species; Biodiversity conservation; Conservation policies; Crocodiles; Dichotomy in the likeability of reptiles; Ecotourism; Phylogenetic similarity principle; Reptiles; Snakes; Turtles.; Environmental Economics and Policy; Institutional and Behavioral Economics; Q2; Q57.
Ano: 2010 URL: http://purl.umn.edu/92771
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Trip-Level Analysis of Efficiency Changes in Oregon's Deepwater Trawl Fishery AgEcon
Tomberlin, David; Holloway, Garth J..
In 2003, an industry-financed, government-administered buyback of trawl fishing permits and vessels took place on the US West Coast, resulting in the retirement of about one-third of the limited-entry trawl fleet. The lack of cost data in this fishery precludes an analysis of how the buyback has affected profitability, but changes in technical efficiency can provide some insight into the program's effects. This paper, the first of a planned series of analyses of the buyback's effect on technical efficiency in the trawl fleet, applies stochastic frontier analysis to assess whether technical efficiency changed perceptibly after 2003. We adopt a hierarchical modeling approach estimated with Markov Chain Monte Carlo methods, and present results from both...
Tipo: Working or Discussion Paper Palavras-chave: Fishery Buyback; Technical Efficiency; Stochastic Production Frontier; Bayesian Inference; Markov Chain Monte Carlo; Resource /Energy Economics and Policy; Q2; L5; C1.
Ano: 2007 URL: http://purl.umn.edu/8223
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Why do Firms Hold Oil Stockpiles? AgEcon
Mason, Charles F..
Persistent and significant privately-held stockpiles of crude oil have long been an important empirical regularity in the United States. Such stockpiles would not rationally be held in a traditional Hotelling-style model. How then can the existence of these inventories be explained? In the presence of sufficiently stochastic prices, oil extracting firms have an incentive to hold inventories to smooth production over time. An alternative explanation is related to a speculative motive - firms hold stockpiles intending to cash in on periods of particularly high prices. I argue that empirical evidence supports the former but not the latter explanation.
Tipo: Working Paper Palavras-chave: Petroleum Economics; Stochastic Dynamic Optimization; Resource /Energy Economics and Policy; Q2; D8; L15.
Ano: 2011 URL: http://purl.umn.edu/120051
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Market Power and Output-Based Refunding of Environmental Policy Revenues AgEcon
Fischer, Carolyn.
Output-based refunding of environmental policy revenues combines a tax on emissions with a subsidy to output. With imperfect competition, subsidies can discourage output underprovision. However, when market shares are significant, endogenous refunding suffers compared to a fixed subsidy. Refunding the emissions tax according to market share reduces the incentive to abate, and marginal abatement costs will not be equalized if market shares differ. In a Cournot duopoly, endogenous refunding leads to higher output, emissions, and possibly costs compared to a fixed rebate program. These results hold whether emission rates are determined simultaneously or strategically in a two-stage model.
Tipo: Working or Discussion Paper Palavras-chave: Emissions tax; Earmarking; Tradable performance standards; Imperfect competition; Cournot; Duopoly; Refunding; Subsidy; Environmental Economics and Policy; H21; H23; Q2.
Ano: 2003 URL: http://purl.umn.edu/10893
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Searching for the Profit in Pollution Prevention: Case Studies in the Corporate Evaluation of Environmental Opportunities AgEcon
Boyd, James.
The concept of pollution prevention, or "P2," signifies a new, proactive environmental mindset that targets the causes, rather than the consequences, of polluting activity. While anecdotal evidence suggests that P2 opportunities exist and that many have been pursued, there is also the perception that the pace of P2 is far too slow. To explore that claim--and to shed light on barriers to P2 innovation--this paper presents case studies of industrial P2 projects that were in some way unsuccessful. While based on a very limited sample, the evidence contradicts the view that firms suffer from organizational weaknesses that make them unable to appreciate the financial benefits of P2 investments. Instead, the projects foundered because of significant unresolved...
Tipo: Working or Discussion Paper Palavras-chave: Pollution prevention; Financial evaluation; Environmental accounting; Environmental Economics and Policy; Q2; L65; O33.
Ano: 1998 URL: http://purl.umn.edu/10614
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Optimal control of spatial-dynamic processes: The case of biological invasions AgEcon
Epanchin-Niell, Rebecca S.; Wilen, James E..
This study examines the spatial nature of optimal bioinvasion control. We develop and parameterize a spatially explicit two-dimensional model of species spread that allows for differential control across space and time, and we solve for optimal control strategies. We find that the qualitative nature of optimal strategies depend in interesting ways on aspects of landscape and invasion geometry. For example, we show that reducing the extent of exposed invasion edge, through spread, removal, or strategically employing landscape features, can be an optimal strategy because it reduces long-term containment costs. We also show that optimal invasion control is spatially and temporally “forward-looking” in the sense that strategies should be targeted to slow the...
Tipo: Conference Paper or Presentation Palavras-chave: Invasive species; Spatial-dynamic processes; Spatial spread; Reaction-diffusion; Management; Cellular automaton; Eradication; Containment; Spatial control; Integer programming; Environmental Economics and Policy; Land Economics/Use; Resource /Energy Economics and Policy; Q; Q1; Q2; Q5.
Ano: 2010 URL: http://purl.umn.edu/61375
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Economics of Forest Ecosystem Carbon Sinks: A Review AgEcon
van Kooten, G. Cornelis; Sohngen, Brent.
Carbon terrestrial sinks are seen as a low-cost alternative to fuel switching and reduced fossil fuel use for lowering atmospheric CO2. In this study, we review issues related to the use of terrestrial forestry activities to create CO2 offset credits. To gain a deeper understanding of the confusing empirical studies of forest projects to create carbon credits under Kyoto, we employ meta-regression analysis to analyze conditions under which forest activities generate CO2-emission reduction offsets at competitive ‘prices’. In particular, we examine 68 studies of the costs of creating carbon offsets using forestry. Baseline estimates of costs of sequestering carbon are some US$3–$280 per tCO2, indicating that the costs of creating CO2-emission offset credits...
Tipo: Working or Discussion Paper Palavras-chave: Climate change; Kyoto Protocol; Meta-regression analysis; Carbon-uptake costs; Forest sinks; Environmental Economics and Policy; Resource /Energy Economics and Policy; Q2; Q25; H43; C19.
Ano: 2007 URL: http://purl.umn.edu/37037
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Social Norms and Behavior in the Local Commons Through the Lens of Field Experiments AgEcon
Cardenas, Juan-Camilo.
Behavior in the local commons is usually embedded in a context of regulations and social norms that the group of users face. Such norms and rules affect how individuals value material and non-material incentives and therefore determine their decision to cooperate or over extract the resources from the common-pool. This paper discusses the importance of social norms in shaping behavior in the commons through the lens of experiments, and in particular experiments conducted in the field with people that usually face these social dilemmas in their daily life. Through a large sample of experimental sessions with around one thousand people between villagers and students, I test some hypothesis about behavior in the commons when regulations and social norms...
Tipo: Working or Discussion Paper Palavras-chave: Social norms; Regulations; Cooperation; Collective action; Common-pool resources; Experimental economics; Field experiments.; Public Economics; D71; Q0; Q2; C9; H3; H4.
Ano: 2009 URL: http://purl.umn.edu/91168
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Total Factor Productivity Growth and the Environment: A Case for Green Growth Accounting AgEcon
Xepapadeas, Anastasios; Tzouvelekas, Vangelis; Vouvaki, Dimitra.
We examine whether the use of the environment, proxied by CO2 emissions, as a factor of production contributes, in addition to conventional factors of production to output growth, and thus it should be accounted for in total factor productivity growth (TFPG) measurement and deducted from the .residual. A theoretical framework of growth accounting methodology with environment as a factor of production which is unpaid in the absence of environmental policy is developed. Using data from a panel of 23 OECD countries, we show that emissions. growth have a statistically significant contribution to the growth of output, that emission augmenting technical change is present along with labor augmenting technical change, and that part of output growth which is...
Tipo: Working or Discussion Paper Palavras-chave: Solow Residual; Total Factor Productivity Growth; Growth; Environment; Green Growth Accounting; Environmental Economics and Policy; O47; Q2.
Ano: 2007 URL: http://purl.umn.edu/9319
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Cost Savings, Market Performance, and Economic Benefits of the U.S. Acid Rain Program AgEcon
Burtraw, Dallas.
This paper reports on four areas of research concerning Title IV of the 1990 Clean Air Act Amendments that regulates emissions of SO2 from electricity generation. The first is the costs of the program over the long-run as estimated from the current perspective taking into account recent changes in fuel markets and technology. We compare projected costs with potential cost savings that can be attributable to formal trading of emission allowances. The second area is an evaluation of how well allowance trading has worked to date. The third area is the relationship between compliance costs and economic costs from a general equilibrium perspective. The fourth area is a comparison of benefits and costs for the program.
Tipo: Working or Discussion Paper Palavras-chave: Acid rain; Benefit-cost analysis; Air pollution; Permit trading; Clean Air Act; Environmental Economics and Policy; H43; Q2; Q4.
Ano: 1998 URL: http://purl.umn.edu/10885
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Systems Analysis by Graph-theoretic Techniques: Assessment of Institutional Linkages in the Agricultural Innovation System of Azerbaijan AgEcon
Temel, Tugrul T.; Janssen, Willem; Karimov, Fuad.
This paper develops a quantitative, graph-theoretic method for analysing systems of institutions. With an application to the agricultural innovation system of Azerbaijan, the method is illustrated in detail. An assessment of existing institutional linkages in the system suggests that efforts should be placed on the development of intermediary institutions to facilitate quick and effective flow of knowledge between the public and the private components of the system. Furthermore, significant accomplishments are yet to come in policy-making, research and education, and credit institutions.
Tipo: Conference Paper or Presentation Palavras-chave: Graph theory; Systems approach; Agricultural innovation system; Azerbaijan.; Research and Development/Tech Change/Emerging Technologies; Q2; C8.
Ano: 2002 URL: http://purl.umn.edu/24845
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How Do Economists Really Think About the Environment? AgEcon
Fullerton, Don; Stavins, Robert N..
On a topic like the environment, communication among scholars from different disciplines in the natural and social sciences is both important and difficult, but such communication has been far from perfect. Economists themselves may have contributed to some rather fundamental misunderstandings about how economists think about the environment, perhaps through our enthusiasm for market solutions, perhaps by neglecting to make explicit all of the necessary qualifications, and perhaps simply by the use of jargon that has specific meaning only to other economists. In this brief essay, we seek to clarify some of these misunderstandings and thus to improve future interdisciplinary communication. We hope that natural scientists and other non-economists will take...
Tipo: Working or Discussion Paper Palavras-chave: Market failure; Economic analysis; Efficiency; Equity; Environmental Economics and Policy; Q2; H4; L51.
Ano: 1998 URL: http://purl.umn.edu/10910
Registros recuperados: 133
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