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	Provedor de dados AgEcon (2) Autor Stocking, Andrew (2) Horowitz, John K. (1) Lopez, Ramon E. (1) Lynch, Lori (1) Palavra-chave Environmental Economics and Policy (2) E22 (1) Endogenous growth theory (1) Farmland preservation (1) First-price auctions (1) Interdependent values (1) International Development (1) Labor and Human Capital (1) Land Economics/Use (1) O41 (1) Political Economy (1) Q01 (1) Stagnation (1) Structural change (1) Unbalanced growth (1) Winners curse (1) Mais... Tipo do documento Working or Discussion Paper (2) Ano 2009 (1) 2007 (1) País United States (2) Idioma Inglês (2)		Ordenar por:  Relevância Autor Título Ano Registros recuperados: 2 Primeira ... 1 ... Última Competition-Based Environmental Policy: An Analysis of Farmland Preservation in Maryland AgEcon Horowitz, John K.; Lynch, Lori; Stocking, Andrew. This paper studies bidder behavior in an innovative program in which farmers compete to sell their development rights to the State. We derive a reduced form bidding model that includes both private value and common value components. This model allows us to estimate the role of bidder competition, the winner’s curse correction, and the underlying distribution of private values. We find that competition reducelers adjust for a possible winner’s curse by increasing their bids by roughly 10 percent over their reservation values. Using the inferred reservation values, we compare this program to an alternative take-it-or-leave-it offer. We find that a take-it-or-leave-it offer of 50 percent of development values would have preserved more farmland for an... Tipo: Working or Discussion Paper Palavras-chave: Farmland preservation; First-price auctions; Interdependent values; Winners curse; Environmental Economics and Policy; Land Economics/Use. Ano: 2007 URL: http://purl.umn.edu/7340 Bringing Growth Theory "Down to Earth" AgEcon Lopez, Ramon E.; Stocking, Andrew. Explicitly accounting for certain basic physical laws governing the “earth” sector dramatically enriches our ability to explain a high degree of diversity in observed patterns of economic growth. We provide a theoretical explanation of why some countries have been able to sustain a more or less constant and positive rate of economic growth for many decades while so many others have failed to do so. The analysis predicts that countries that have an over abundance of physical capital (a concept that is precisely defined in the text) may be unable to sustain a positive rate of economic growth over the long run. Too much physical capital may affect the dynamics of the economy ultimately leading to stagnation. The plausibility of the growth model introduced... Tipo: Working or Discussion Paper Palavras-chave: Endogenous growth theory; Unbalanced growth; Structural change; Stagnation; Environmental Economics and Policy; International Development; Labor and Human Capital; Political Economy; E22; Q01; O41. Ano: 2009 URL: http://purl.umn.edu/48944 Registros recuperados: 2 Primeira ... 1 ... Última

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