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| Registros recuperados: 52 | |
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| Kurkalova, Lyubov A.; Kling, Catherine L.. |
| The study proposes a methodology for developing a carbon sequestration baseline attributable to the current use of conservation tillage. An integral component of the methodology is the explicit acknowledgment that there is an uncertainty in the baseline because of the uncertainty associated with the use of econometrically estimated models. The results of applying the method to a major crop production area, the Upper Mississippi River Basin in the central United States, are reported for two major crops in the region, corn and soybeans. The approach to estimation of the baseline should be readily transferable to other geographic areas and conservation practices. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Environmental Economics and Policy. |
| Ano: 2006 |
URL: http://purl.umn.edu/21169 |
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| Valcu, Adriana M.; Kling, Catherine L.. |
| The goal of watershed scale analysis is to assign to each field unit the best set of agricultural practices in order to achieve a maximum outcome from both environmental and economic perspectives. Watershed physically based models linked to multiobjective optimization models can overcome the high dimensionality of watershed pollution problem. Market based instruments such as permit trading settings which consider abatement measures’ cost heterogeneity have been regarded as being superior to command and control programs. Empirical analysis reveals that when local environmental authority and farmers have different cost information, a permit trading program has the potential to offer cost savings. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Environmental Economics and Policy. |
| Ano: 2011 |
URL: http://purl.umn.edu/103719 |
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| Secchi, Silvia; Jha, Manoj K.; Kurkalova, Lyubov A.; Feng, Hongli; Gassman, Philip W.; Kling, Catherine L.. |
| This study investigates the implications of treating different environmental benefits as the primary target of policy design. We focus on two scenarios, estimating for both of them in-stream sediment, nutrient loadings, and carbon sequestration. In the first, we assess the impact of a program designed to improve water quality in Iowa on carbon sequestration, and in the second, we calculate the water quality impact of a program aimed at maximizing carbon sequestration. In both cases, the policy instrument is the retirement of land from agricultural production. Our results, limited to the state of Iowa, and to the case of set-aside for water quality or carbon sequestration purposes, indicate that the amount of co-benefits depends on what indicators are used... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Carbon sequestration; Co-benefits; Environmental benefits targeting; Iowa; Land set-aside; Water quality; Environmental Economics and Policy. |
| Ano: 2005 |
URL: http://purl.umn.edu/18353 |
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| Feng, Hongli; Kling, Catherine L.. |
| In this paper, we study the social efficiency of private carbon markets that include trading in agricultural soil carbon sequestration when there are significant co-benefits (positive environmental externalities) associated with the practices that sequester carbon. Likewise, we investigate the efficiency of government run conservation programs that are designed to promote a broad array of environmental attributes (both carbon sequestration and its co-benefits) for the supply of carbon. Finally, policy design and efficiency issues associated with the potential interplay between a private carbon market and a government conservation program are studied. Empirical analyses for an area that represents a significant potential source of carbon sequestration and... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Environmental Economics and Policy. |
| Ano: 2005 |
URL: http://purl.umn.edu/19177 |
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| Kurkalova, Lyubov A.; Kling, Catherine L.; Zhao, Jinhua. |
| Due to payoff uncertainties combined with risk aversion and/or real options, farmers may demand a premium in order to adopt conservation tillage practices, over and above the compensation for the expected profit losses (if any). We propose a method of directly estimating the financial incentives for adopting conservation tillage and distinguishing between the expected payoff and the premium of adoption based on observed behavior. We find that the premium may play a significant role in farmers' adoption decisions. Even for non-adopters, conservation tillage provides a higher payoff than does conventional tillage on average, as agronomists have argued. However, non-adopters do not use conservation tillage because the expected profit gain alone does not fully... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Land Economics/Use. |
| Ano: 2001 |
URL: http://purl.umn.edu/20542 |
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| Zhao, Jinhua; Kling, Catherine L.. |
| We present a real options model of an agent's decision to purchase or sell a good under conditions of uncertainty, irreversibility, and learning over time. Her WTP and WTA contain both the intrinsic value of the good and an option value associated with delaying the decision until more information is available. Consequently, the standard Hicksian equivalence between WTP/WTA and compen-sating and equivalent variation no longer holds. This helps to explain the WTP/WTA disparity often observed in laboratory experiments and surveys because subjects may have limited learning time and opportunities, thus generating option values. In contrast, the disparity may decrease or disappear entirely in real markets since agents are free to choose when to stop gathering... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Research Methods/ Statistical Methods; D60; D83; C90. |
| Ano: 1998 |
URL: http://purl.umn.edu/18416 |
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| Herriges, Joseph A.; Kling, Catherine L.; Azevedo, Christopher D.. |
| A new turn in the research agenda of environmental valuation is under way. Rather than treating stated preference (SP) and revealed preference (RP) as competing valuation techniques, analysts have begun to view them as complementary, where the strengths of each approach can be used to provide more precise and possibly more accurate benefit estimates. In this paper, we reexamine the models and motives for combining revealed and stated preference data. First, we note that because the different kinds of SP data contain different amounts of information, they may indicate different degrees of consistency with RP data. We also reconsider the interpretation of "consistent" or "inconsistent" findings of RP and SP data. We argue that while the conventional approach... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Recreation; Environmental Valuation; Wetlands; Research Methods/ Statistical Methods. |
| Ano: 1999 |
URL: http://purl.umn.edu/18602 |
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| Kling, Catherine L.. |
| Researchers have recognized the central role that the choice of functional form has on estimated of consumer surplus. The purpose of this paper is to quantify the magnitude of errors which might arise from the use of incorrect functional forms. It describes a simulation experiment where estimated consumer surplus, based on simulated data sets, is compared with consumer surplus computed directly from the simulate data. The errors resulting from the use of mismatching functional forms range from approximately 4% to 107%. |
| Tipo: Journal Article |
Palavras-chave: Institutional and Behavioral Economics; Research Methods/ Statistical Methods. |
| Ano: 1989 |
URL: http://purl.umn.edu/32452 |
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| Feng, Hongli; Zhao, Jinhua; Kling, Catherine L.. |
| We investigate the value of carbon sequestration in a dynamic model, demonstrating that it is only a fraction of the value of emission abatement unless the sequestration, the natural decay rate of carbon and the discount rate. We also show that to optimally reduce the carbon stock, sinks should be utilized as early as possible. Further, we propose and assess three mechanisms to efficiently introduce sequestration into a carbon permit trading market, a pay-as-you-go system. We show that, although the three mechanisms may not be equally feasible to implement, they are all efficient. |
| Tipo: Working or Discussion Paper |
Palavras-chave: Environmental Economics and Policy. |
| Ano: 2000 |
URL: http://purl.umn.edu/18380 |
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| Babcock, Bruce A.; Beghin, John C.; Duffy, Michael D.; Feng, Hongli; Hueth, Brent; Kling, Catherine L.; Kurkalova, Lyubov A.; Schneider, Uwe A.; Secchi, Silvia; Weninger, Quinn; Zhao, Jinhua. |
| As Congress develops new farm legislation, some are lobbying for a new partnership between U.S. taxpayers and farmers. In exchange for an annual transfer of $10 to $20 billion from taxpayers to agriculture, farmers would do much more to enhance environmental quality. An attractive feature of a new partnership is that paying for an improved environment provides a clear and justifiable rationale for farm program payments, something that is lacking under current farm programs. By changing management practices and land use, farmers can provide cleaner water, cleaner air, better wildlife habitat, lower net greenhouse gas emissions, and improved long-run soil quality. Private profit maximizers largely ignore the value of these environmental goods. Hence, the... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Land Economics/Use; Resource /Energy Economics and Policy. |
| Ano: 2001 |
URL: http://purl.umn.edu/36920 |
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| Registros recuperados: 52 | |
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