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Bridging the Gap Between Economics and Ecology Ecology and Society
Leefers, Larry; Michigan State University; leefers@pilot.msu.edu; Castillo, Gem; Michigan State University; Castil16@pilot.msu.edu.
Economics and ecology are often presented as opposing disciplines. Both fields have strengths and weaknesses. A new transdisciplinary field, ecological economics, attempts to bring together the strengths of both disciplines with a vision for a sustainable future. In this paper, we focus on one particular concept championed by ecological economists, natural capital. In particular, our interest is on the institutionalization of this concept through the United Nation's Satellite System for Integrated Environmental and Economic Accounting (SEEA). SEEA is an international convention that incorporates natural resource accounting as a complement to the traditional System of National Accounts (SNA). In the case of boreal forests, the stocks and flows of forest...
Tipo: Peer-Reviewed Reports Palavras-chave: Boreal forest; Circumpolar resources; Degradation; Depletion; Ecological economics; Michigan; Natural capital; Natural resources accounting; SEEA; Sustainability; United Nations Environment Programme; World Bank..
Ano: 1998
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Michigan Production Costs for Tart Cherries by Production Region AgEcon
Black, J. Roy; Nugent, James; Rothwell, Nikki; Thornsbury, Suzanne; Olynk, Nicole J..
The weighted average cost of producing tart cherries in Michigan on a representative farm in 2009 is $0.36/lb. This cost was averaged across the three main production regions in Michigan and weighted by average per acre production for each region as published by the Michigan Agricultural Statistics Service. --Costs vary across the main production regions and by farm size. Costs are about $0.04/lb less for mid-sized farms in Northwest Michigan and $0.08/lb and $0.10/lb in West Central and Southwest Michigan, respectively. --This report was developed through interviews with tart cherry growers and other experts in each of the three main growing regions in 2005 and 2006. Many of the numbers were updated in 2009. --The cost of production calculation is based...
Tipo: Working or Discussion Paper Palavras-chave: Tart cherry; Costs; Production; Michigan; Agribusiness; Crop Production/Industries; Q100; Q120.
Ano: 2010 URL: http://purl.umn.edu/98205
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Governance Issues in the Principal-Agent Framework: Producing Cellulosic Ethanol in Michigan AgEcon
Pandey, Vivek; Shanoyan, Aleksan; Ross, Brent.
This article analyzes the incentives and compensation problems faced by cellulosic ethanol producer and logging firms and the consequent impact on the organization of the wood based cellulosic ethanol industry in the US. The success of this relationship is central to setting up the biofuel industry in Michigan and in the US at large. The theoretical results indicate that specification contract under the principal-agent framework is of limited utility due to’ metering’ problem when the principal contracts with multiple agents for the supply of feedstock.. Alternative arrangements including JVs have the potential to provide close to first best solutions.
Tipo: Conference Paper or Presentation Palavras-chave: Principal-Agent; Cellulosic Ethanol; Michigan; Multiple agents; Asymmetric Information; Agribusiness; Institutional and Behavioral Economics; Resource /Energy Economics and Policy; D82; D86; L23; L24; Q42.
Ano: 2010 URL: http://purl.umn.edu/61362
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