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| Baerenklau, Kenneth A.; Nergis, Nermin. |
| A micro-dynamic model of a livestock-crop operation is calibrated with data from a representative dairy in California's Central Valley and is used to predict the effects of regulations designed to reduce nitrogen emissions. Policy simulations clarify the importance of dynamic elements and demonstrate three main results: (1) dairies are unresponsive to pollution charges unless they are relatively large and financially burdensome for farmers; (2) regulations aimed at controlling only nitrate leaching will cause significant increases in ammonia emissions; and (3) mitigating both nitrogen problems with emissions taxes involves substantial reductions in both herd size and farm profit. |
| Tipo: Conference Paper or Presentation |
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| Ano: 2006 |
URL: http://purl.umn.edu/21448 |
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| Baerenklau, Kenneth A.. |
| Mechanism design theory is used to examine the case of a cost-minimizing regulator who uses input-reduction subsidies to meet an exogenously imposed ambient standard for nonpoint source pollution. A general result claimed for a welfare-maximizing equilibrium. Numerical results suggest the ability to directly target contracts reduces costs significantly for the regulator. But in the absence of this ability, indirect targeting reduces costs only slightly. |
| Tipo: Journal Article |
Palavras-chave: Environmental Economics and Policy. |
| Ano: 2002 |
URL: http://purl.umn.edu/31117 |
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| Baerenklau, Kenneth A.. |
| The decision to adopt a potentially profitable but unfamiliar conservation technology is cast in a multi-period Bayesian framework. Specifically, dairy farmers who are both risk-averse and susceptible to peer group influence progressively learn about the true impact of adopting reduced phosphorus dairy diets on their income distributions as they repeatedly experiment with this new technology. Empirically calibrated simulations are used to examine the effects of a voluntary green payment program on the rate of technological diffusion. Results suggest that (a) green payments can accelerate learning and produce significant, permanent changes in behavior relatively quickly and for a reasonable cost; (b) shorter contracts offering larger incentives may be more... |
| Tipo: Journal Article |
Palavras-chave: Environmental Economics and Policy. |
| Ano: 2004 |
URL: http://purl.umn.edu/31375 |
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| Baerenklau, Kenneth A.; Provencher, Bill. |
| This paper examines the consequences of using a static model of recreation trip-taking behavior when the underlying decision problem is dynamic. In particular, we examine the implications for trip forecasting and welfare estimation using a panel dataset of Lake Michigan salmon anglers for the 1996 and 1997 fishing seasons. We derive and estimate both a structural dynamic model using Bellman's equation, and a reduced-form static model with trip probability expressions closely mimicking those of the dynamic model. We illustrate an inherent identification problem in the reduced-form model that creates biased welfare estimates, and we discuss the general implications of this for the interpretation of preference parameters in static models. We then use both... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Research Methods/ Statistical Methods. |
| Ano: 2004 |
URL: http://purl.umn.edu/20355 |
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