Download or read book Three Essays on Decision making in Natural Resource Economics written by Michael Patrick Brady and published by . This book was released on 2007 with total page 140 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: The first two chapters look at differences between individual and group decision-making in economic environments. Using laboratory experiments the first chapter shows that group preferences for self-interest differ from those of individuals, but the direction and magnitude depends on the procedure governing how groups make decisions. The second chapter looks at the dynamics of group decision-making, which leads to an argument for looking at group decisions through the lens of reciprocity. The third chapter focuses on country level trends in agriculture to empirically investigate whether countries that increase agricultural productivity increase or decrease land in agriculture.

Download or read book Three Essays on Environmental and Natural Resource Economics written by Rong Zhou and published by . This book was released on 2016 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Three Essays in Environmental and Natural Resource Economics written by Garth Heutel and published by . This book was released on 2007 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Three Essays on Environmental and Natural Resource Economics written by Qiong Juliana Wang and published by . This book was released on 2010 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Essays on Economics of Natural Resource Management and Experiments written by Wisdom Akpalu and published by Goteborg University. This book was released on 2006 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Three Essays in Natural Resource Economics written by Gregory S. Amacher and published by . This book was released on 1993 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Natural Resource Economics written by Daniel W. Bromley and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 243 pages. Available in PDF, EPUB and Kindle. Book excerpt: When approached by Warren Samuels, the series editor, about organizing a volume on natural resource economics, I was at a loss as to how one might possibly capture in "several major essays plus several shorter comments thereon" all of the diverse activities that fall within this exciting discipline. I was further asked to have the book take an "affirmative but constructively critical look at its subject. " The volume was to be interpretative, it was to be reasonably comprehensive, and yet it was to attempt to present divergent views on the "development, tensions, present status, and, especially, possible lines of development of each field. " Upon reflection, I decided to have the book focus on natural resource economics as a distinctly applied policy science. Hence the title: Natural Resource Economics: Policy Problems and Contemporary Analysis. While this allowed clarification of a particular sort, it did little to narrow the range of policy issues that ought to be considered candidates for inclu sion. But it did seem, after some thought, that three broad issues persist at center stage in natural resource policy.

Download or read book Economics of Ecological Resources written by Charles Perrings and published by Edward Elgar Publishing. This book was released on 1997-01-01 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'Perrings' book is a well edited, and presented, integrated work based upon nine of his articles and book chapters published between 1989 and 1995.' - Clive L. Spash, Environmental Values Economics of Ecological Resources presents new or recently published work on ecological economies, sustainability, poverty, resource degradation and decision-making under uncertainty. The book explores the allocation of resources in jointly determined ecological-economic systems. An introductory chapter examines the work of other major contributors to the field of ecological economics and introduces Professor Perrings's work and the material in this volume. The first of three parts is concerned with the dynamics of joint systems and with the implications for the control and conservation of ecological resources. The second part focuses on the conditioning effect of the economic environment on private decisions in low income resource-dependent economies. The final part considers the way that decision makers handle the uncertainty that is an integral feature of the evolution of the ecological-economic system.

Download or read book Essays in Natural Resource Economics written by Kevin Daniel Ray and published by . This book was released on 2020 with total page 143 pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation consists of three papers on the economics of natural resources. Two of these examine the impact of price on consumption, and the third illustrates the benefits to applying big data methods to the estimation of fishery production functions. Chapter 1 estimates the price elasticity of demand for residential water across the distribution of users and over the course of time after the change. Using monthly billing data provided by a private utility in Phoenix, Arizona, the distribution of price responses is estimated via quantile regression. The results indicate that most households reduced their usage about 200 gallons per month, while the top 20% reduced usage by 500 to 800 gallons per month. Converting this into a percentage change to compute the elasticity inverts the results such that the lowest 20% of households have the largest percentage reduction in use. The reductions in usage take four months to emerge, after which it is apparent that summer reductions are greater than winter reductions. Chapter 2 explores the strategic behaviors exhibited by households in response to high-low pricing patterns for purchases of canned tuna, and how these behaviors differ for purchases of eco-labeled brands. Promotional price elasticities are estimated using a demand system for six retailers over five years. The promotional price elasticity for the eco-labeled brand (-2.8) is similar to Bumble Bee (-2.2) and StarKist (-2.9), implying that purchases of eco-labeled canned tuna respond similarly to sales prices. A survival model is estimated using household scanner panel data to analyze the inter-purchase timing decision, with the results showing that stockpiling behaviors are similar between eco-labeled and conventional tuna but price is a more significant factor in accelerating purchases for the eco-labeled brand. Chapter 3 illustrates the efficacy of LASSO variable and instrument selection methods for estimating production in fisheries. Production functions are estimated using traditional model selection and LASSO model selection for both ordinary least squares and instrumental variables methods. The results show that LASSO performs marginally better at ordinary least squares and significantly better for instrumental variables, which tests for endogeneity indicate should be the preferred method.

Download or read book Essays on Environmental and Natural Resource Economics written by Teresa Michelle Stafford and published by . This book was released on 2010 with total page 298 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the first essay, I assess the effect of indoor air quality (IAQ) in school buildings on student test performance and attendance rates. Results indicate that performance on standardized tests significantly improves while attendance rates are unresponsive to improvements in IAQ. The improvement in math scores ranges from 0.102 - 0.189 standard deviations per $500,000 spent on IAQ-related renovations and is 35% - 50% greater than the improvement in reading scores. For the same budget, results suggest that the improvement in math scores following IAQ-related renovations is several times larger than the improvement associated with class size reductions. In the second essay, I examine the responsiveness of the daily labor supply of fishermen to transitory variations in the daily wage using data from the Florida spiny lobster fishery. The applicability of this research is both narrow and general. Understanding this relationship is key to determining the effectiveness of landing fees as a means to regulate fisheries. Tracing out the labor supply curve is also fundamental to labor economics and policy. I find that the wage elasticity of labor supply (participation) is positive and statistically different from zero, with a point estimate of 0.967. This suggests an upward slopping labor supply curve and refutes the notion of reference dependent preferences. In the third essay, I examine the bias associated with ignoring the multi-species aspect of labor supply decisions in spatially explicit bioeconomic fishery models. Using a complete 15-year panel of all fishing trips made by fishermen possessing a Florida spiny lobster license, including non-lobster trips, I show that the simplifying assumption of a dichotomous choice structure at the first node (i.e. participate in the target fishery or not) is not innocuous and that predicted participation rates can change substantially with the addition of another species as an outside alternative in the first decision node.

Download or read book Using Multi Criteria Decision Analysis in Natural Resource Management written by Tony Prato and published by Routledge. This book was released on 2017-03-02 with total page 197 pages. Available in PDF, EPUB and Kindle. Book excerpt: Providing useful insights on the use of Multi-Criteria Decision Analysis (MCDA) in natural resource management, this book examines a number of empirical applications for several countries and a variety of natural resources. It is shown that using MCDA in the management of water, forestry, wetland and other natural resources can substantially improve the design and implementation of natural resource and environmental policies. Stakeholder involvement is also an important determinant of successful resource management and MCDA provides a useful and effective framework for getting stakeholders involved in resource management decisions. Using Multi-Criteria Decision Analysis in Natural Resource Management gives in-depth analysis of the potential problems in applying these techniques, including difficulties eliciting required information, lack of suitable measures for environmental variables and the need to develop innovative methods to simplify the use of MCDA.

Download or read book Classic Papers in Natural Resource Economics Revisited written by Chennat Gopalakrishnan and published by Routledge. This book was released on 2018-02-02 with total page 696 pages. Available in PDF, EPUB and Kindle. Book excerpt: Classic Papers in Natural Resource Economics Revisited is the first attempt to bring together a selection of classic papers in natural resource economics, alongside reflections by highly regarded professionals about how these papers have impacted the field. The seven papers included in this volume are grouped into five sections, representing the five core areas in natural resource economics: the intertemporal problem; externalities and market failure; property rights, institutions and public choice; the economics of exhaustible resources; and the economics of renewable resources. The seven papers are written by distinguished economists, five of them Nobelists. The papers, originally published between 1960 and 2000, addressed key issues in resource production, pricing, consumption, planning, management and policy. The original insights, fresh perspectives and bold vision embodied in these papers had a profound influence on the readership and they became classics in the field. This is the first attempt to publish original commentaries from a diverse group of scholars to identify, probe and analyse the ways in which these papers have impacted and shaped the discourse in natural resource economics. Although directed primarily at an academic audience, this book should also be of great appeal to researchers, policy analysts, and natural resource professionals, in general. This book was published as a series of symposia in the Journal of Natural Resources Policy Research.

Download or read book Technology Environmental Policy and Natural Resource Scarcity written by Miguel Buñuel and published by . This book was released on 1999 with total page 468 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Essays on Uncertainty and Decision Making in Environmental Economics written by Paul Mensink and published by . This book was released on 2015 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This draft PhD thesis analyzes four issues in the research field that consists of the intersection of environmental economics, uncertainty, and decision-making. 1. Economic investments that lead to environmental damages beyond repair - like cutting rainforests or emitting pollutants with long life times - can be interpreted as irreversible investments with uncertain pay-offs. In the context of irreversible investments under uncertainty two different concepts of option value were developed. They account for the value of keeping options open - i.e. postponing the irreversible investment - in the presence of potential future learning about the social profitability of the investment. These are the concept of quasi-option value (value of information) developed in the environmental and resource economic literature and the concept of real option value (value of the option to postpone) developed in the financial economics literature. This thesis shows that the quasi-option value (value of information) is that part of the real option value (value of the option to postpone) that is related to uncertainty being resolved over time. This means that common knowledge in the environmental and resource economic literature with respect to the relation of both concepts is not correct. 2. If marginal damages of pollution rise with the pollution level, low marginal pollution abatement costs demand a relatively low Pigouvian tax - the pollution tax level that leads to optimal abatement. As a result, to determine the Pigouvian tax level, a regulator needs to know pollution abatement costs, information that is privately owned by individual pollutors. Unfortunately, pollutors have no intention to reveal their true abatement costs. One text book solution to this problem is that the regulator keeps adapting the tax level until the pollution tax leads to an emission level resulting in marginal damages equal to the tax level - the criterium for social optimality. That is, only after an unspecified amount of time and abatement adaptation costs the socially optimal abatement level is reached. This thesis shows there exists a non-linear tax system, the so called differential tax that triggers firms to reveal their abatement costs truthfully and will lead to socially optimal abatement levels instantly, thereby reducing social costs compared to the iterative solution. 3. In the presence of environmental innovation, future abatement costs are unknown by the polluting firms as well. Under those circumstances the regulator is needs a tax system that is flexible with respect to falling abatement costs through innovation (please recall that lower marginal abatement costs demand a lower Pigouvian tax) as well as keeps incentives for innovation - created by pollution taxes after innovation - upright. This thesis analyzes the effects of a robust second-best pollution taxation scheme that combines flexibility to cope with changing marginal abatement costs with commitment to relatively high tax levels to create incentives for environmental innovation. It shows that this instrument is superior to time consistent taxation. Superiority of the flexible taxation scheme with respect to commitment to a linear tax could not be shown. 4. The use of quantitative model results to support policy making is one way social sciences might have a positive effect on real world decision making. This thesis identifies decision-maker related potential errors made in the interpretation of quantitative model results. It is argued these errors can be prevented by the social scientist by stating explicitly for which policy maker and for what purpose the model results are meant for.

Download or read book Natural Resource Economics written by S. V. Ciriacy-Wantrup and published by Routledge. This book was released on 2019-04-09 with total page 299 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume was assembled by two of Dr. Wantrup's students as a complement to his textbook, Resource Conservation: Economics and Policies. Wantrup's ideas on conservation economics continued to evolve in ways that were never fully reflected in that text, and although for the student of natural resource economics it is still essential reading, to st

Download or read book Social and Economic Factors in Decision Making under Uncertainty written by Kinga Posadzy and published by Linköping University Electronic Press. This book was released on 2017-11-16 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt: The objective of this thesis is to improve the understanding of human behavior that goes beyond monetary rewards. In particular, it investigates social influences in individual’s decision making in situations that involve coordination, competition, and deciding for others. Further, it compares how monetary and social outcomes are perceived. The common theme of all studies is uncertainty. The first four essays study individual decisions that have uncertain consequences, be it due to the actions of others or chance. The last essay, in turn, uses the advances in research on decision making under uncertainty to predict behavior in riskless choices. The first essay, Fairness Versus Efficiency: How Procedural Fairness Concerns Affect Coordination, investigates whether preferences for fair rules undermine the efficiency of coordination mechanisms that put some individuals at a disadvantage. The results from a laboratory experiment show that the existence of coordination mechanisms, such as action recommendations, increases efficiency, even if one party is strongly disadvantaged by the mechanism. Further, it is demonstrated that while individuals’ behavior does not depend on the fairness of the coordination mechanism, their beliefs about people’s behavior do. The second essay, Dishonesty and Competition. Evidence from a stiff competition environment, explores whether and how the possibility to behave dishonestly affects the willingness to compete and who the winner is in a competition between similarly skilled individuals. We do not find differences in competition entry between competitions in which dishonesty is possible and in which it is not. However, we find that due to the heterogeneity in propensity to behave dishonestly, around 20% of winners are not the best-performing individuals. This implies that the efficient allocation of resources cannot be ensured in a stiff competition in which behavior is unmonitored. The third essay, Tracing Risky Decision Making for Oneself and Others: The Role of Intuition and Deliberation, explores how individuals make choices under risk for themselves and on behalf of other people. The findings demonstrate that while there are no differences in preferences for taking risks when deciding for oneself and for others, individuals have greater decision error when choosing for other individuals. The differences in the decision error can be partly attributed to the differences in information processing; individuals employ more deliberative cognitive processing when deciding for themselves than when deciding for others. Conducting more information processing when deciding for others is related to the reduction in decision error. The fourth essay, The Effect of Decision Fatigue on Surgeons’ Clinical Decision Making, investigates how mental depletion, caused by a long session of decision making, affects surgeon’s decision to operate. Exploiting a natural experiment, we find that surgeons are less likely to schedule an operation for patients who have appointment late during the work shift than for patients who have appointment at the beginning of the work shift. Understanding how the quality of medical decisions depends on when the patient is seen is important for achieving both efficiency and fairness in health care, where long shifts are popular. The fifth essay, Preferences for Outcome Editing in Monetary and Social Contexts, compares whether individuals use the same rules for mental representation of monetary outcomes (e.g., purchases, expenses) as for social outcomes (e.g., having nice time with friends). Outcome editing is an operation in mental accounting that determines whether individuals prefer to first combine multiple outcomes before their evaluation (integration) or evaluate each outcome separately (segregation). I find that the majority of individuals express different preferences for outcome editing in the monetary context than in the social context. Further, while the results on the editing of monetary outcomes are consistent with theoretical predictions, no existing model can explain the editing of social outcomes.

Download or read book Natural Resource Economics written by Barry C. Field and published by . This book was released on 2005 with total page 500 pages. Available in PDF, EPUB and Kindle. Book excerpt: Sect. I. Introduction -- 1. Important Issues in Natural Resource Economics -- 2. Natural Resources and the Economy -- Sect. II. Building Blocks -- 3. Willingness to Pay/Demand -- 4. Costs/Supply -- 5. Efficiency and Sustainability -- Sect. III. General Natural Resource Issues -- 6. Markets and Efficiency -- 7. Public Policy for Natural Resources -- Sect. IV. Natural Resource Analysis -- 8. Principles of Analysis -- 9. The Valuation of Natural Resources -- Sect. V. Applied Natural Resource Problems -- 10. Mineral Economics -- 11. Energy -- 12. Forest Economics -- 13. Marine Resources -- 14. Land Economics -- 15. Water Resources -- 16. Economics of Agriculture -- 17. Economics of Outdoor Recreation -- 18. The Economics of Wildlife Management -- 19. The Ecomomics of Biodiversity Preservation -- Sect. VI. Natural Resources in Developing Countries -- 20. Natural Resources and Economics Growth -- 21. Natural Resource Decisions in Developing Countries.