TY - JOUR TI - A MATLAB Solver for Nonlinear Rational Expectations Models AU - Fackler, Paul L. T2 - Computational Economics DA - 2005/10// PY - 2005/10// DO - 10.1007/s10614-005-1784-z VL - 26 IS - 2 SP - 173-181 J2 - Comput Econ LA - en OP - SN - 0927-7099 1572-9974 UR - http://dx.doi.org/10.1007/s10614-005-1784-z DB - Crossref ER - TY - JOUR TI - Econometric studies of non-industrial private forest management: a review and synthesis AU - Beach, Robert H. AU - Pattanayak, Subhrendu K. AU - Yang, Jui-Chen AU - Murray, Brian C. AU - Abt, Robert C. T2 - Forest Policy and Economics AB - Forest policies and management increasingly rely on economic models to explain behaviors of landowners and to project forest outputs, inventories and land use. However, it is unclear whether the existing econometric models offer general conclusions concerning non-industrial private forest (NIPF) management or whether the existing results are case-specific. In this paper, we systematically review the empirical economics literature on NIPF timber harvesting, reforestation, and timber stand improvements (TSI). We confirm four primary categories of management determinants: market drivers, policy variables, owner characteristics and plot/resource conditions. We rely on the most basic form of meta-analysis, vote counting, to combine information from many studies to produce more general knowledge concerning the key determinants of harvesting, reforestation and TSI within these four categories. Despite substantial differences in the variables used across models, the use of meta-analysis enables the systematic identification of the factors that are most important in explaining NIPF management. We conclude with some methodological and policy suggestions. DA - 2005/3// PY - 2005/3// DO - 10.1016/S1389-9341(03)00065-0 VL - 7 IS - 3 SP - 261-281 J2 - Forest Policy and Economics LA - en OP - SN - 1389-9341 UR - http://dx.doi.org/10.1016/S1389-9341(03)00065-0 DB - Crossref KW - timber harvesting KW - reforestation KW - silvicultural treatments KW - microeconomics KW - meta-analysis KW - vote-counting ER - TY - CHAP TI - Kuhn-Tucker Demand System Approaches to Non-Market Valuation AU - von Haefen, Roger H. AU - Phaneuf, Daniel J. T2 - Applications of Simulation Methods in Environmental & Resource Economics A2 - Scarpa, Riccardo A2 - Alberini, Anna AB - In this chapter we summarize recent advances with Kuhn-Tucker demand system approaches to non-market valuation. Over the past five years, simulation-based estimation and welfare calculation strategies have been developed that enable the Kuhn-Tucker framework to address policy-relevant valuation questions in applications with many quality-differentiated goods. We review these modeling innovations in the context of three generic Kuhn-Tucker specifications that differ in terms of their ability to account for unobserved preference heterogeneity. For illustration, we apply the alternative specifications to Canadian moose hunting data and present parameter and welfare estimates. We conclude the chapter by suggesting important areas for future research within the Kuhn-Tucker framework. PY - 2005/// DO - 10.1007/1-4020-3684-1_8 SP - 135-157 PB - Springer SN - 9781402036835 9781402036842 UR - http://dx.doi.org/10.1007/1-4020-3684-1_8 ER - TY - JOUR TI - Estimating the Speed of Market Reaction to News: Market Events and Lumber Futures Prices AU - Rucker, Randal R. AU - Thurman, Walter N. AU - Yoder, Jonathan K. T2 - American Journal of Agricultural Economics DA - 2005/// PY - 2005/// VL - 87 SP - 482-500 ER - TY - CONF TI - Looking for a win-win situation: a meta-analysis of poverty and deforestation AU - Atmadja, N. AU - Sills, E. C2 - 2005/// C3 - Proceedings of the Southern Forest Economics Workshop DA - 2005/// ER - TY - JOUR TI - Fast-grown plantations, forest certification, and the U.S. South: Environmental benefits and economic sustainability AU - Cubbage, F. W. AU - Siry, J. P. AU - Abt, R. C. T2 - New Zealand Journal of Forestry Science DA - 2005/// PY - 2005/// VL - 35 IS - 2 SP - 266 ER - TY - JOUR TI - Distributional and efficiency impacts of gasoline taxes: An econometrically based multi-market study AU - Bento, AM AU - Goulder, LH AU - Henry, E AU - Jacobsen, MR AU - Haefen, RH T2 - AMERICAN ECONOMIC REVIEW AB - Distributional and Efficiency Impacts of Gasoline Taxes: An Econometrically Based Multi-market Study by Antonio M. Bento, Lawrence H. Goulder, Emeric Henry, Mark R. Jacobsen and Roger H. von Haefen. Published in volume 95, issue 2, pages 282-287 of American Economic Review, May 2005 DA - 2005/5// PY - 2005/5// DO - 10.1257/000282805774670536 VL - 95 IS - 2 SP - 282-287 SN - 1944-7981 ER - TY - JOUR TI - Serial nonparticipation in repeated discrete choice models AU - Haefen, RH AU - Massey, DM AU - Adamowicz, WL T2 - AMERICAN JOURNAL OF AGRICULTURAL ECONOMICS AB - We consider alternative econometric strategies for addressing serial nonparticipation, that is, repeated choice of the same alternative or same type of alternative across a series of choice occasions, in data typically analyzed within the repeated discrete choice framework. Single and double hurdle variants of the repeated discrete choice model are developed and applied to choice experiment and multisite seasonal recreation demand data. Our results suggest that hurdle models can generate significant improvements in statistical fit and qualitatively different policy implications, particularly in choice experiment applications where the proper treatment of serial nonparticipation is relatively more ambiguous. DA - 2005/11// PY - 2005/11// DO - 10.1111/j.1467-8276.2005.00794.x VL - 87 IS - 4 SP - 1061-1076 SN - 1467-8276 KW - choice experiments KW - discrete choice models KW - hurdle models KW - recreation demand KW - serial nonparticipation ER - TY - JOUR TI - Economic and ecological impacts of wood chip production in North Carolina: an integrated assessment and subsequent applications AU - Schaberg, RH AU - Aruna, PB AU - Cubbage, FW AU - Hess, GR AU - Abt, RC AU - Richter, DD AU - Warren, ST AU - Gregory, JD AU - Snider, AG AU - Sherling, S AU - Flournoy, W T2 - FOREST POLICY AND ECONOMICS AB - The North Carolina Wood Chip Mill Study represents an integrated assessment of the economic and ecological impacts associated with production of wood chips at satellite chip mills in the state of North Carolina (NC), USA. Mandated by the Governor of NC, the study was attended by a high degree of public scrutiny. We report principal findings, and describe the processes by which we dealt with uncertainty resulting from limited data availability, methods used to foster public involvement and efforts to reconcile public concerns over forest harvests with our narrower mandate to examine chip mills. We considered the hypotheses that chip mills fostered widespread industrial clearcutting, increased utilization of previously noncommercial timber (especially small hardwoods), depleted future growing stocks of sawtimber, and might create adverse ecological consequences or impair aesthetics important to recreational forest users. NC wood-based industries are a major component of the state's economy, but lagged the state in economic growth from 1977 to 1996. Over the same period, the nature-based tourism sector grew rapidly. Forest land losses in North Carolina from 1982 to 1997 totaled more than one million acres. We used an econometric model to adjust timber land base and project timber supply dynamics to 2020. The simulation indicated that softwood removals exceeded growth from 1990 onward. Hardwood removals exceed growth by 2005, causing inventory levels to decline slightly by the end of the projection period. Wood chip mills processed approximately 27% of the state's chipwood harvest and 12% of the state's total timber harvest. They were statistically correlated with increased timber harvests in the state, especially in the Piedmont and the Mountains. Chip mills have effective storm water management plans and do not show visible signs of adversely affecting water quality. Higher levels of timber harvest alter forest structures in the Coastal Plain and Piedmont, generally creating less habitat for bird, amphibian and reptile species of conservation concern. Fewer species are adversely affected in the Mountains. Public opinion about chip mills is polarized, and controversy exists principally in the western portion of the state. Overall, public acceptance of study findings was favorable, and selected elements of the research findings have been used to support a variety of advocacy positions. DA - 2005/2// PY - 2005/2// DO - 10.1016/S1389-9341(03)00029-7 VL - 7 IS - 2 SP - 157-174 SN - 1872-7050 KW - environmental assessment KW - forest resources KW - chip mill KW - timber harvest KW - North Carolina ER - TY - JOUR TI - Conserving species in a working landscape: Land use with biological and economic objectives AU - Polasky, S AU - Nelson, E AU - Lonsdorf, E AU - Fackler, P AU - Starfield, A T2 - ECOLOGICAL APPLICATIONS AB - Habitat loss and fragmentation are major threats to biodiversity. Establishing formal protected areas is one means of conserving habitat, but socio‐economic and political constraints limit the amount of land in such status. Addressing conservation issues on lands outside of formal protected areas is also necessary. In this paper we develop a spatially explicit model for analyzing the consequences of alternative land‐use patterns on the persistence of various species and on market‐oriented economic returns. The biological model uses habitat preferences, habitat area requirements, and dispersal ability for each species to predict the probability of persistence of that species given a land‐use pattern. The economic model uses characteristics of the land unit and location to predict the value of commodity production given a land‐use pattern. We use the combined biological and economic model to search for efficient land‐use patterns in which the conservation outcome cannot be improved without lowering the value of commodity production. We illustrate our methods with an example that includes three alternative land uses, managed forestry, agriculture, and biological reserve (protected area), for a modeled landscape whose physical, biological, and economic characteristics are based on conditions found in the Willamette Basin in Oregon (USA). We find that a large fraction of conservation objectives can be achieved at little cost to the economic bottom line with thoughtful land‐use planning. The degree of conflict between conservation and economic returns appears much less using our joint biological and economic modeling approach than using a reserve‐site selection approach, which assumes that species survive only inside of reserves and economic activity occurs only outside of reserves. DA - 2005/8// PY - 2005/8// DO - 10.1890/03-5423 VL - 15 IS - 4 SP - 1387-1401 SN - 1051-0761 KW - biological conservation and economic production KW - conserving biodiversity KW - economic-ecological model KW - efficiency frontier KW - integrated KW - land use KW - working landscape ER - TY - JOUR TI - Land use and income diversification: comparing traditional and colonist populations in the Brazilian Amazon AU - Caviglia-Harris, JL AU - Sills, EO T2 - AGRICULTURAL ECONOMICS AB - Abstract This article compares and analyzes land use and income diversification among two distinct groups of farmers in the Brazilian Amazon: recent colonists in Ouro Preto do Oeste, Rondônia, and traditional long‐term residents along the Tapajós River, Pará. We investigate the hypothesis that farmers who diversify their cash income sources clear less forest on an annual basis, and we compare these livelihood choices across colonist and traditional populations. In particular, we develop a conceptual model based on the household production framework and use econometric models to identify determinants of diversification and forest clearing. We find that diversification of agricultural cash crops is negatively correlated with forest clearing by colonists, providing limited evidence for the hypothesis. Other significant covariates of diversification and forest clearing include cash income levels, stage in family life cycle, cattle ownership, and chemical inputs. Differences in these variables, and differences in household response to these variables, explain variation in diversification and forest clearing across the two populations. DA - 2005/5// PY - 2005/5// DO - 10.1111/j.1574-0862.2005.00238.x VL - 32 IS - 3 SP - 221-237 SN - 1574-0862 KW - income diversification KW - deforestation KW - land use KW - Amazon KW - Brazil KW - household production ER - TY - JOUR TI - Estimating the structure of market reaction to news: Information events and lumber futures prices AU - Rucker, RR AU - Thurman, WN AU - Yoder, JK T2 - AMERICAN JOURNAL OF AGRICULTURAL ECONOMICS AB - Abstract We develop a new event‐study technique, the distributional event response model (DERM), appropriate to relatively slowly evolving information events. We apply the model to twelve years of daily lumber futures prices and analyze the effects of three different types of information releases: ( a ) monthly housing starts estimates, ( b ) aperiodic administrative and judicial announcements about U.S.‐Canada trade disputes, and ( c ) novel and unprecedented court decisions related to the Endangered Species Act (ESA). The information releases are different in ways that predict their relative speeds of impoundment in prices. We find that housing start events are absorbed more quickly than trade events, which are absorbed more quickly than ESA events. DA - 2005/5// PY - 2005/5// DO - 10.1111/j.1467-8276.2005.00736.x VL - 87 IS - 2 SP - 482-500 SN - 1467-8276 KW - event studies KW - futures KW - lumber markets ER - TY - JOUR TI - Econometric studies of non-industrial private forest management a review and synthesis AU - Beach, R. H. AU - Pattanayak, S. K. AU - Yang, J. C. AU - Murray, B. C. AU - Abt, R. C. T2 - Forest Policy and Economics DA - 2005/// PY - 2005/// DO - 10.1016/S1389-9341(04)00065-0 VL - 7 IS - 3 SP - 261-281 ER - TY - JOUR TI - Tax interaction effects, environmental regulation, and "rule of thumb" adjustments to social cost AU - Murray, BC AU - Keeler, A AU - Thurman, WN T2 - ENVIRONMENTAL & RESOURCE ECONOMICS DA - 2005/1// PY - 2005/1// DO - 10.1007/s10640-004-2379-1 VL - 30 IS - 1 SP - 73-92 SN - 1573-1502 KW - general equilibrium KW - regulation KW - social costs KW - tax interaction effects ER - TY - JOUR TI - Smoking, health, risk, and perception AU - Carbone, JC AU - Kverndokk, S AU - Rogeberg, OJ T2 - JOURNAL OF HEALTH ECONOMICS AB - We provide a description of health-related incentives faced by a rational smoker by considering the role of perception in both immediate quality-of-life effects of smoking and future risk of mortality. A person who adapts psychologically to a lowered health state, smokes more early in life and shifts demands for health investments and health-complementary activities later in life. He also smokes more in total. Someone aware of the full mortality consequences of smoking, smokes less and demands less medical care than someone who believes that these effects are highly reversible. The impacts of new information on mortality risk are most valuable early in life. Lastly, someone endowed with a longer life expectancy smokes more in the first part of life but conditional on access to medical care. DA - 2005/7// PY - 2005/7// DO - 10.1016/j.jhealeco.2004.11.001 VL - 24 IS - 4 SP - 631-653 SN - 1879-1646 KW - rational addiction KW - demand for health KW - adaptation KW - risk KW - life extension ER -