Resource Economics

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The Influence of Heterogeneous Risk Preferences on Water Market Activity: an Application to the Paloma System of the LimarĂ­ Water Basin, Chile

This dissertation contributes to our knowledge about water markets by analyzing the factors that explain market transactions of water rights when there is also a spot market for water volumes. I hypothesize that risk heterogeneity among farmers can explain those transactions. To

A GENERAL MODEL OF BARRIER ISLAND EROSION MANAGEMENT WITH APPLICATION TO OPTIMAL RESPONSE UNDER SEA LEVEL RISE

This dissertation lays out a conceptual model for managing beach erosion on barrier islands. Households affected by erosion management are identified as beach visitors and coastal homeowners. The returns from beach quality accruing to beach visitors are assessed via travel cost theory,

Essays in Natural Resource Economics

Allocation decisions in many natural resource markets are governed by mechanisms designed to alleviate information asymmetries and other types of market imperfections. For example, the crew in most commercial fisheries is remunerated via a lay system of payments designed to alleviate a

A Least-Cost Mechanism to Achieve Agricultural Income and Conservation Targets under Asymmetric Information

Two policy goals dominate United States’ agricultural programs: voluntary land retirement for environmental purposes and countercyclical income support. Traditionally, these goals have been pursued with separate policies. This policy separation is efficient with perfect information regarding farm productivity. A more realistic assumption,

The Economics of Fallow: Evidence from the Eastern Amazon

With tropical deforestation a major contributor to greenhouse gas emissions and biodiversity loss, the land use decisions of small-scale farmers at the forest margins have important implications for the global environment. In some tropical forests, such as the Eastern Brazilian Amazon, farmers