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| Registros recuperados: 58 | |
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| Berck, Peter. |
| This paper tests the hypothesis that the net of extraction cost price of a natural resource does not change with volume. The hypothesis is shown to he a consequence of Hotelling’s theory. The tests are performed on equations estimated by a nonparametric regression (ACE), and we show that the usual least squares estimation techniques are not general enough to successfully perform the test. The test rejects the pure form of the Hotelling theory and shows that it is necessary to adjust sale prices for volume sold. |
| Tipo: Working or Discussion Paper |
Palavras-chave: Natural resources; Prices; Regression analysis. |
| Ano: 1988 |
URL: http://purl.umn.edu/43665 |
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| Berck, Peter; Perloff, Jeffrey M.. |
| How potential entrants to an open-access fishery form their expectations determines the fishery’s adjustment path to a steady state but not the steady state values themselves. It is well known that, in the standard model with myopic expectations (those based on current values), boats enter the fishery only when the fish stock is greater than its steady state stock. We show that, with rational expectations (perfect foresight), however, boats may enter when the fish stock is much lower than its steady state value if the boat fleet is sufficiently small. This paper contrasts myopic and rational expectations within a general dynamic model of an open-access fishery. |
| Tipo: Working or Discussion Paper |
Palavras-chave: Economic aspects; Expectations; Fisheries. |
| Ano: 1982 |
URL: http://purl.umn.edu/42856 |
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| Hess, Peter; Berck, Peter. |
| Short Abstract A sophisticated computable general equilibrium model of the California economy tracks how regulatory costs, parameterized as enhanced capital and/or intermediate requirements for regulated industries, ripple through the economy as increased demand for compliance related inputs. Effects on statewide and sector-specific output, employment, factor payments, and trade balances are reported. Longer Abstract This paper uses a sophisticated computable general equilibrium model of the California economy to assess the economic impacts of various large-scale environmental regulations. The model, E-DRAM (Environmental-Dynamic Revenue Analysis Model) was build by the authors for the California EPA/Air Resources Board by modifying DRAM (Dynamic... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Environmental Economics and Policy. |
| Ano: 2002 |
URL: http://purl.umn.edu/19701 |
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| Berck, Peter; Hess, Peter. |
| This paper explains the development and implementation of a methodology for assessing the economic impacts of large-scale environmental regulations. The development process began with a literature review surveying channels through which environmental regulations might influence economic performance. Avenues deemed suitable were incorporated into a computable general equilibrium (CGE) model of the California economy. This model is based on the California Department of Finance's Dynamic Revenue Analysis Model (DRAM). Modifications to DRAM for the current project include a revised sectoring scheme that features industries of particular regulatory interest, revamped data matrices that accommodate this new sectoring scheme, a new air pollution module,... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Cge models; Environmental aspects; Environmental policy; Methodology; Regulations; Environmental Economics and Policy. |
| Ano: 2000 |
URL: http://purl.umn.edu/43917 |
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| Berck, Peter; Perloff, Jeffrey M.. |
| A low-cost foreign firm lowers its initially high price–dumping if necessary– until it drives the higher cost domestic firms out of business, whereupon it raises its price. At no time, however, does the foreign firm predate (price below its marginal cost). Tariffs, quotas, and other policies that mandate a minimum number of domestic firms do not qualitatively change the price path (high price, low price, and limit price). The optimal tariff in this dynamic analysis is lower than the optimal tariff in a static analysis (to allow consumers to take advantage of the low-price period). |
| Tipo: Working or Discussion Paper |
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| Ano: 1988 |
URL: http://purl.umn.edu/43663 |
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| Registros recuperados: 58 | |
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