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The Impact of the Chesapeake Bay Program on Pennsylvania Application Rates for the Environmental Quality Incentive Program AgEcon
Wright, Christopher.
This paper presents an application of matching on propensity score to evaluate the impact of the Chesapeake Bay Program (CBP) on farmers' willingness to participate in the United States Department of Agriculture Environmental Quality Incentive Program (EQIP). One goal of the CBP is to reduce agricultural nutrient loadings to Chesapeake Bay. Achievement of this goal will require increased farm adoption of conservation practices to limit and reduce the levels of residual nutrients the bay. One expectation of this investigation is that the CBP's agricultural related research and educational outreach programs directed to the farm community has a positive effect on farmers' willingness to enroll in conservation programs. Furthermore, the CBP funding to...
Tipo: Thesis or Dissertation Palavras-chave: Environmental Economics and Policy.
Ano: 2006 URL: http://purl.umn.edu/11142
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Estimating the Characteristics of Polluting Technologies AgEcon
O'Donnell, Christopher J..
Polluting technologies can be represented using output distance functions. A common approach to estimating such functions is to factor out one of the outputs and estimate the resulting equation using well-known stochastic frontier estimation methods, including maximum likelihood. A problem with this approach is that the outputs that are not factored out may be correlated with the error term, leading to biased and inconsistent estimates. This paper addresses the problem in a Bayesian framework. The methodology is applied to data on U.S. electric utilities. Results include estimates of technical inefficiencies and the shadow price of a pollutant.
Tipo: Conference Paper or Presentation Palavras-chave: Environmental Economics and Policy.
Ano: 2007 URL: http://purl.umn.edu/10413
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VALUING MARGINAL CHANGES IN THE QUALITY OF AN ENVIRONMENTAL ASSET AgEcon
Hansen, LeRoy T.; Hellerstein, Daniel.
We present a model that extends the replacement cost theory to cases where benefits are restored for multiple years. Our theoretical framework derives a functional relationship between investments expenditures and environmental benefits. By extending the investment framework, we model reservoir benefits as a function of marginal changes in soil erosion.
Tipo: Conference Paper or Presentation Palavras-chave: Environmental Economics and Policy.
Ano: 2004 URL: http://purl.umn.edu/20414
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MULTIPLE AGENTS, AND AGRICULTURAL NONPOINT-SOURCE WATER POLLUTION CONTROL POLICIES AgEcon
Smith, Rodney B.W.; Tomasi, Theodore D..
Assuming asymmetric information over farmer profits and zero transaction costs, prior literature has suggested that when regulating nonpoint source water pollution, a tax on management practices (inputs) can implement full-information allocations and is superior to a tax on estimated runoff. Using mechanism design theory under asymmetric information, this paper show that under the same assumptions, management practice taxes and taxes on estimated runoff are equally efficient.
Tipo: Journal Article Palavras-chave: Environmental Economics and Policy.
Ano: 1999 URL: http://purl.umn.edu/31489
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Modelling the Global Diffusion of Energy Efficiency and Low Carbon Technology AgEcon
Stern, David I..
The aim of this study is to measure and understand the long-term factors behind trends in energy and carbon intensity in different economies. It also looks at how improvements in energy efficiency are spread to countries around the world. Of particular interest is the rate at which efficiency improvements spread from developed to developing countries and what affects this diffusion. Countries that are considered are Australia, major European economies, USA, Canada, Mexico, Japan, China, and India.
Tipo: Report Palavras-chave: Energy efficiency; Carbon emissions; Environmental Kuznets curve; Economic growth; Environmental Economics and Policy; Resource /Energy Economics and Policy; Q43; Q55; Q56.
Ano: 2009 URL: http://purl.umn.edu/94820
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An Economic Evaluation of Adoption of the Conservation Compliance Program: A Stochastic Dominance Approach AgEcon
Govindasamy, Ramu; Cochran, Mark J..
Using stochastic dominance, this paper examines the adoption of the Conservation Compliance Program (CCP) in twelve Iowa soil types. Subsidies necessary to compensate producers for the increased risk of compliance strategies are estimated. Results indicate that to promote voluntary compliance with the CCP, the government should provide a subsidy of between $4.55 to $19.88 per acre, depending on the soil type.
Tipo: Journal Article Palavras-chave: Conservation compliance; Stochastic dominance; Adoption; Risk premium; Erosion; Agribusiness; Environmental Economics and Policy; Research Methods/ Statistical Methods.
Ano: 1997 URL: http://purl.umn.edu/90409
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Rebating Environmental Policy Revenues: Output-Based Allocations and Tradable Performance Standards AgEcon
Fischer, Carolyn.
Political pressure often exists to earmark environmental tax revenues or permit rents to the industry affected by the regulation. This paper analyzes schemes that rebate revenues based on output shares: tradable performance standards, an emissions tax with market-share rebates, and tradable permits with output-based allocation. All three policies effectively combine a tax on emissions with a subsidy to output. The result is a shifting of emissions control efforts toward greater emissions rate reduction and less output contraction, with higher marginal costs of control and lower output prices compared to the social optimum, given any targeted level of abatement. These welfare costs depend on the degree of output substitutability and are likely to be much...
Tipo: Working or Discussion Paper Palavras-chave: Emission tax; Permit allocation; Earmarking; Tradable performance standards; Environmental Economics and Policy; H21; H23; Q2.
Ano: 2001 URL: http://purl.umn.edu/10709
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A Review of Integrated Pollution Control Efforts in Selected Countries AgEcon
Hersh, Robert.
This report describes the reasons why integrated pollution control (IPC) became accepted as a necessary part of the environmental regulatory systems of the Netherlands, the United Kingdom, and Sweden and examines the experience these countries have had with unified environmental statutes, alternative compliance approaches, cross-media permitting, and other aspects of IPC that are under consideration in this country. The report is organized into five sections. In the first section we provide a brief overview of the intellectual pedigree of integrated pollution control, and discuss arguments that have been put forward by advocates of IPC as well as the counter-arguments of those who have taken a more skeptical view of the technical and political feasibility...
Tipo: Working or Discussion Paper Palavras-chave: Integrated pollution control; European environmental policy; Environmental compliance and enforcement; Environmental Economics and Policy.
Ano: 1996 URL: http://purl.umn.edu/10792
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Water Markets and Scarcity: Australia’s Murray Darling Basin and the US Southwest AgEcon
Grafton, R. Quentin; Landry, Clay; Libecap, Gary D.; O’Brien, R.J. (Bob).
Australia’s Murray-Darling Basin and south western United States share: (1) climate variability resulting in the need for large water storage investment; (2) the need for internal and cross-border (state) water management; (3) an historical over-allocation of water to irrigators; and (4) increasing competition between agricultural and urban demand and in situ environmental and recreational uses. The ability of water markets in these two regions to mitigate water scarcity is compared in this report. The evaluation suggests that on-going water market reform, along with processes to account for the public interest, can promote equity, environmental sustainability and economic efficiency.
Tipo: Report Palavras-chave: Environmental Economics and Policy; Resource /Energy Economics and Policy.
Ano: 2009 URL: http://purl.umn.edu/94943
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Carbon Emissions, Renewable Electricity and Profits: Comparing Alternative Policies to Promote Anaerobic Digesters on Dairies AgEcon
Key, Nigel D.; Sneeringer, Stacy E..
Biogas recovery systems that use methane from manure to generate electricity have not been widely adopted in U.S. mainly because the costs of constructing and maintaining these systems have exceeded the value of the benefits provided. Climate change mitigation and renewable energy policies could increase profits for the operators of such systems thereby making digester adoption more widespread. For the U.S. Dairy sector, we examine digester adoption rates, emissions reductions, net returns, electricity generation, and program costs under different policy scenarios. We find that 3% or fewer dairies would need to adopt digesters to meet the policy goals of reducing 25% of greenhouse gas emissions from dairy manure or generating one million megawatt hours...
Tipo: Conference Paper or Presentation Palavras-chave: Anaerobic digester; Methane; Dairy; Renewable electricity; Subsidy; Carbon offsets; Climate change; Environmental Economics and Policy; Livestock Production/Industries; Q5.
Ano: 2011 URL: http://purl.umn.edu/103440
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To fence or not to fence: A partial probit analysis AgEcon
Paragahawewa, Upananda Herath.
Based on the results of a probit model estimated from a survey of 1625 farmers from seven major dairying regions in New Zealand, farmers’ attitudes (perception about the overall benefits) appear to be are a major governing factor of waterway fencing in all regions. While fencing in Northland and West Coast regions was lower than elsewhere, owner/operators in those regions tended to fence more than farmers with other types of ownership structures. Environmental issues also appeared to be important; however the level of environmental awareness did not reflect the actual degree of fencing.
Tipo: Conference Paper or Presentation Palavras-chave: EBP Adoption; Partial probit analysis; Environmental Economics and Policy; Institutional and Behavioral Economics; Land Economics/Use; Research and Development/Tech Change/Emerging Technologies.
Ano: 2009 URL: http://purl.umn.edu/51026
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Fenntarthatósági kihívások és a biomassza-alapú energiatermelés AgEcon
Dinya, Laszlo.
Az emberiséget érintő globális kihívások között az energiaellátás növekvő fon¬tossága sokak figyelmét ráirányítja az agrárgazdaság ilyen irányú lehetséges szerepére. Magyarország kiváló mezőgazdasági adottságaiból kiindulva többen már biomassza nagyhatalomként is aposztrofálták hazánkat. A biomassza-alapú energiatermelés (azaz a bioenergetika) lehetőségeinek és korlátainak vitájában azonban gyakran elkövetik azt a hibát, hogy a kérdést a fenntarthatóságtól függetlenül tárgyalják. Ennek következtében országos, ágazati vagy projektszinten is találkozha¬tunk félrevezető kalkulációkkal, amelyek téves üzleti vagy akár gazdaságpolitikai döntések forrásává álhatnak. Tanulmányunkban azt javasoljuk, hogy a bioenergetikai ágazat stratégiai fejlesztésénél a...
Tipo: Journal Article Palavras-chave: Fenntartható energiagazdálkodás; Bioenergetika; Bioenergetikai potenciál; Társadalmi és környezeti hatások; Sustainable energy management; Bioenergetics; Bioenergy potential; Social and environmental effects; Agricultural and Food Policy; Environmental Economics and Policy; Land Economics/Use.
Ano: 2009 URL: http://purl.umn.edu/92488
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Analysis of agri-environmental measures in Hungary – a regional perspective AgEcon
Katona-Kovacs, Judit.
The hypothesis behind this paper is that agri-environmental measures (AEMs) in Hungary, and probably in the other EU New Member States, are not merely substitutes for traditional agricultural subsidies, but measures which could support rural development and encourage environmentally sustainable agricultural production. The first part of this paper examines concepts closely related to AEMs, as well as the place of AEMs in regional, rural, and agricultural development policy. The second part shows how agri-environmental measures have gained ground in Hungary. The third part presents the results of an analysis of the Hungarian AEMs’ database. Finally, based on the literature and analysis findings, it is suggested that, for sustainable development, one needs...
Tipo: Journal Article Palavras-chave: Agri-environmental measures; Hungarian agriculture; Multifunctional agriculture; Sustainable development; Agricultural and Food Policy; Environmental Economics and Policy.
Ano: 2008 URL: http://purl.umn.edu/46663
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The Development of the Willingness to Cooperate: Collective-Action under the Light of the Constructivist Conception of Adult Development AgEcon
Meyer, Leandro Fredrico Ferraz; Braga, Marcelo Jose.
The paper presents experimental results connecting the participant’s behaviors in a common-pool resource dilemma, including communication and sanctioning conditions, with the constructs in a selected theory of adult personality systems development including value judgment and moral reasoning.
Tipo: Conference Paper or Presentation Palavras-chave: Commons dilemma; Experimental economics; Institutional analysis; Psychosocial development; Community/Rural/Urban Development; Environmental Economics and Policy; Institutional and Behavioral Economics; C72; C92; D74.
Ano: 2009 URL: http://purl.umn.edu/51340
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A Binomial Tree Approach to Valuing Fixed Rotation Forests and Flexible Rotation Forests Under a Mean Reverting Timber Price Process AgEcon
Tee, James; Scarpa, Riccardo; Marsh, Dan; Guthrie, Graeme.
NPV and LEV are established and common approaches to valuing single rotation and infinite rotation forests respectively, when the rotation age is fixed in advanced. More recently, Real Options approaches have been employed to value single and infinite rotation forests with a flexible harvest age. Under a stochastic timber price process, it has been shown that the valuation of a flexible rotation forest is equal or higher than that of a fixed rotation forest, because a flexible harvest regime delays the harvest if the timber price is not favourable, whereas a fixed harvest regime would proceed to harvest regardless of the price. Often, valuation of fixed and flexible rotation ages are compared using 2 different methods – NPV (or LEV) and Real Options. The...
Tipo: Conference Paper or Presentation Palavras-chave: NPV; LEV; Real Options; Optimal Harvest Decision; Agribusiness; Crop Production/Industries; Environmental Economics and Policy; Land Economics/Use.
Ano: 2010 URL: http://purl.umn.edu/96836
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ENVIRONMENT POLICY EDUCATION AgEcon
Gratto, Charles P..
Tipo: Conference Paper or Presentation Palavras-chave: Environmental Economics and Policy.
Ano: 1967 URL: http://purl.umn.edu/17584
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Abatement and Allocation in the Pilot Phase of the EU ETS AgEcon
Anderson, Barry; Di Maria, Corrado; Convery, Frank J..
We use historical industrial emissions data to assess the level of abatement and overallocation that took place across European countries during the pilot phase (2005-2007)of the European Union Emission Trading Scheme. Using a dynamic panel data model, we estimate the counterfactual (business-as-usual) emissions scenario for EU member states. Comparing this baseline to allocated and verified emissions, we conclude that both overallocation and abatement occurred, along with under-allocation and emissions inflation. Over the three trading years of the pilot phase we find over-allocation of approximately 376 million EUAs (6%) and total abatement at the member state level of 107 Mt CO2 (1.8%). However, due to over-allocation and possible uncertainty about...
Tipo: Working or Discussion Paper Palavras-chave: Emissions Trading Scheme; Climate Policy; Dynamic Panel Data Analysis; Environmental Economics and Policy; C23; O13; Q54; Q58.
Ano: 2009 URL: http://purl.umn.edu/55831
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Estimating Hypothetical Bias in Economically Emergent Africa: A Generic Public Good Experiment AgEcon
Caplan, Arthur J.; Aadland, David; Macharia, Anthony.
This paper reports results from a contingent valuation based public good experiment conducted in the African nation of Botswana. In a sample of university students, we find evidence that stated willingness to contribute to a public good in a hypothetical setting is higher than actual contribution levels. However, results from regression analysis suggest that this is true only in the second round of the experiment, when participants making actual contributions have learned to significantly lower their contribution levels. As globalization expands markets, and economies such as Botswana’s continue to modernize, there is a growing need to understand how hypothetical bias will influence the valuation of public goods.
Tipo: Journal Article Palavras-chave: Hypothetical bias; Public good; Willingness to pay; Botswana; Environmental Economics and Policy.
Ano: 2010 URL: http://purl.umn.edu/90836
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USING DIRECT QUESTIONING TO VALUE THE EXISTENCE BENEFITS OF PRESERVED NATURAL AREAS AgEcon
Bennett, Jeffrey W..
A major limitation to the effectiveness of benefit-cost analyses of proposals involving natural ecosystems is the assertion of existence demand. Not only has confusion arisen regarding its exact definition but little has been done to establish its magnitude. Existence benefits are defined and an empirical study of the value a sample of Canberra residents places on the continued provision of the existence benefits of a particular ecosystem, Nadgee Nature Reserve, is outlined. It is concluded that while the measurement technique employed, the direct questioning of respondents, may be subject to a problem of response bias, it is capable of providing a reasonable estimate of these existence benefits. The average existence value per Canberra adult is at least...
Tipo: Journal Article Palavras-chave: Environmental Economics and Policy; Resource /Energy Economics and Policy.
Ano: 1984 URL: http://purl.umn.edu/22438
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Hedging Break-Even Biodiesel Production Costs Using Soybean Oil Futures AgEcon
Graf, Johannes; McKenzie, Andrew M.; Popp, Michael P..
The effectiveness of hedging volatile input prices for biodiesel producers is examined over one- to eight-week time horizons. Results reveal that hedging break-even soybean costs with soybean oil futures offers significant reductions in input price risk. The degree of risk reduction is dependent upon type of hedge, naïve or risk-minimizing, and upon time horizon. In contrast, cross-hedging break-even poultry fat costs with soybean oil futures failed to reduce input price risk.
Tipo: Journal Article Palavras-chave: Biodiesel; Hedging; Poultry fat; Soybean oil; Agribusiness; Demand and Price Analysis; Environmental Economics and Policy.
Ano: 2008 URL: http://purl.umn.edu/90553
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