Recent Submissions

  • Ship Appears to be Turning, The 

    Contributor:Beracha, Eli; Skiba, Hilla; Hirschey, Mark
    Since early 2007, housing has experienced a prolonged slump in prices. This study investigates the state of housing markets across the United States as of June 2011 and finds that housing is undervalued in almost all ...
  • Experimental Economics and the Environment : Eliciting Values for Controversial Goods 

    Contributor:Shogren, Jason F.; Parkhurst, Gregory M.; Hudson, Darren
    We illustrate the experimental method by examining bidding behavior for controversial goods, i.e., goods in which bidders have positive and negative values. Our results suggest that bidding behavior differs across auction ...
  • Dynamic Endogenous Risks & Non-Expected Utility Behavior 

    Contributor:Ranjan, Ram; Shogren, Jason F.
    The theory of endogenous risk captures the idea that people self-protect and self-insure to reduce risks to human and environmental health. Herein we extend the standard static model to include the realities of (1) dynamic ...
  • Bank Loans and Under-Performers 

    Contributor:Shaffer, Sherrill L.; Sokolyk, Tatyana
    While theory predicts that bank loans provide valuable information to market participants, empirical results have been mixed. We propose and test the hypothesis that the benefits of bank loan announcements accrue differentially ...
  • Enhanced Oil Recovery : Going Beyond Conventional Extraction 

    Contributor:Cook, Benjamin R.; Mason, Charles F.
    In 1978, amid growing concerns over exposure to foreign oil producers – particularly OPEC – the U.S. Congress instructed the Office of Technology Assessment to assess the state of U.S. oilfield production. The resulting ...
  • Natural Gas Expansion and the Cost Of Congestion 

    Contributor:Oliver, Matthew E.; Mason, Charles F.; Finnoff, David
    With the emergence of new technologies such as hydraulic fracturing and horizontal drilling, large new deposits of oil and gas are poised to become economically viable. As this happens, substantially increased deliveries ...
  • Environmental Performance and Cost of Innovative Technologies for Ductile Iron Foundry Production, The 

    Contributor:Torielli, Rose M.; Cannon, Fred S.; Voigt, Robert C.; Considine, Timothy; Furness, James C.; Fox, John T.; Goudzwaard, Jeff E.; Huang, He
    The authors and collaborators have devised innovative technologies that decrease foundry costs, pollution, materials use, and energy. These include: (a) applying advanced oxidation to green sand and baghouse dust to diminish ...
  • Coastal wetland restoration and the Deepwater Horizon Oil Spill 

    Contributor:Barbier, Edward B.
    Both the 2005 Hurricanes Katrina and Rita and the 2010 BP oil spill have focused attention on the need to restore coastal wetland habitats along the Gulf of Mexico of the United States. As restoration is required by the ...
  • Equity Basis Selection in Allocation Environments : An Empirical Analysis 

    Contributor:Aadland, David
    Successful formation and long-term stability of cooperative ventures is often linked to the perceived fairness of the cost and resource allocations that these ventures employ. Indeed, the lack of a consensus over what basis ...
  • Environmental Citizen Suits with Pigovian Punitive Damages 

    Contributor:Park, Sung-Hoon; Shogren, Jason F.
    Federal environmental laws encourage private citizens to act like "private attorney generals" and to sue a firm. This citizen group competes over the rewards of levels of regulation and enforcement. The firm can reduce its ...
  • Powder River Basin Coal : Powering America 

    Contributor:Considine, Timothy
    Powder River Basin (PRB) coal in Wyoming and Montana is used to produce 18 percent of the electricity consumed in the United States. Coal production from the PRB more than doubled between 1994 and 2009. PRB coal companies ...
  • Tracking the Sputnik Economy 

    Contributor:Barbier, Edward B.
    In his 2011 State of the Union address, President Obama stressed investment in infrastructure, education and clean energy in the U.S. economy to "win the future." Edward Barbier of the University of Wyoming argues that to ...
  • Valuing Ecosystem Services for Coastal Wetland Protection and Restor ation : Progress and Challenges 

    Contributor:Barbier, Edward B.
    Coastal wetlands, such as marshes, mangroves and forested swamps, are in decline globally. Although considerable progress has been made in quantifying and valuing some of the key ecosystem goods and services provided by ...
  • General Resilience to Cope with Extreme Events 

    Contributor:Carpenter, Stephen R.; Arrow, Kenneth J.; Barrett, Scott; Biggs, Reinette; Brock, William A.; Crépin, Anne-Sophie; Engström, Gustav; Folke, Carl; Hughes, Terry P.; Kautsky, Nils; Li, Chuan-Zhong; McCarney, Geoffrey; Meng, Kyle; Mäler, Karl-Göran; Polasky, Stephen; Scheffer, Marten; Shogren, Jason F.; Sterner, Thomas; Vincent, Jeffrey R.; Walker, Brian; Xepapadeas, Anastasios; de Zeeuw, Aart
    Resilience to specified kinds of disasters is an active area of research and practice. However, rare or unprecedented disturbances that are unusually intense or extensive require a more broad-spectrum type of resilience. ...
  • Inserting Ecological Detail into Economic Analysis : Agricultural Nutrient Loading of an Estuary Fishery 

    Contributor:Finnoff, David C.; Tschirhart, John T.
    Linked general equilibrium economic and ecological models are connected through agricultural runoff and the fisheries. They are applied to a North Carolina estuary in which agricultural runoff alters phytoplankton densities ...
  • Can REDD+ Save the Forest? : The Role of Payments and Tenure 

    Contributor:Barbier, Edward B.; Tesfaw, Anteneh T.
    A recent policy response to halting global forest deforestation and degradation, and any resulting greenhouse gas emissions is REDD+, which also includes the role of conservation, sustainable management of forests and ...
  • Short Term Electric Production Technology Switching Under Carbon Cap and Trade 

    Contributor:Considine, Timothy; Larson, Donald F.
    This study examines fuel switching in electricity production following the introduction of the European Union's Emissions Trading System (EU ETS) for greenhouse gas emissions. A short-run restricted cost equation is estimated ...
  • Balancing Fiscal, Energy, and Environmental Concerns : Analyzing the Policy Options for California's Energy and Economic Future 

    Contributor:Considine, Timothy; Manderson, Edward
    This study estimates the fiscal, energy, and environmental tradeoffs involved in supplying California's future energy needs. An integrated framework is developed whereby an econometric forecasting system of California ...
  • Syphilis Cycles 

    Contributor:Aadland, David; Finnoff, David C.; Huang, Kevin X. D.
    Syphilis has re-emerged as a global public health issue. In lesser developed countries, millions of people are contracting the disease, which can be fatal without access to proper treatment. In developed countries, prevalence ...
  • Value of Wetlands in Protecting Southeast Louisiana from Hurricane Storm Surges, The 

    Contributor:Barbier, Edward B.; Georgiou, Ioannis Y.; Enchelmeyer, Brian; Reed, Denise J.
    The Indian Ocean tsunami in 2004 and Hurricanes Katrina and Rita in 2005 have spurred global interest in the role of coastal wetlands and vegetation in reducing storm surge and flood damages. Evidence that coastal wetlands ...

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