Open Access. Powered by Scholars. Published by Universities.®
Social and Behavioral Sciences Commons™
Open Access. Powered by Scholars. Published by Universities.®
- Discipline
- Keyword
-
- Carbon sequestration (1)
- Estimation (1)
- Federation (1)
- Foreign (1)
- GIS (1)
-
- Gains from trade; Murray-Darling Basin; Western USA; Water Markets (1)
- Grant Rates (1)
- High Grounds (1)
- Housing Amenities (1)
- Income (1)
- Investment (1)
- Labor Mobility (1)
- Leadership (1)
- Non-Traded Goods (1)
- Numerical analysis (1)
- Permit equilibrium (1)
- Public Goods (1)
- Redistribution (1)
- Stagnant Streams (1)
- Wages (1)
Articles 1 - 5 of 5
Full-Text Articles in Social and Behavioral Sciences
Comparative Assessment Of Water Markets: Insights From The Murray-Darling Basin Of Australia And The Western Usa, R. Quentin Grafton, Gary D. Libecap, Eric Edwards, R. J. O'Brien, Clay Landry
Comparative Assessment Of Water Markets: Insights From The Murray-Darling Basin Of Australia And The Western Usa, R. Quentin Grafton, Gary D. Libecap, Eric Edwards, R. J. O'Brien, Clay Landry
Applied Economics Faculty Publications
Water markets in Australia's Murray–Darling Basin (MDB) and the western USA are compared in terms of their ability to allocate scarce water resources. The study finds that the gains from trade in the MDB are worth hundreds of millions of dollars per year (note that all monetary units of dollars in this article are treated as US$ because Australian$ are converted at par). Total market turnover in water rights exceeds US$2 billion per year while the volume of trade exceeds over 20% of surface water extractions. In Arizona, California, Colorado, Nevada and Texas, trades of committed water annually range between …
Gis-Based Estimation Of Housing Amenities: The Case Of High Grounds And Stagnant Streams, Shibashis Mukherjee, Arthur J. Caplan
Gis-Based Estimation Of Housing Amenities: The Case Of High Grounds And Stagnant Streams, Shibashis Mukherjee, Arthur J. Caplan
Applied Economics Faculty Publications
We use GIS and econometric methods to estimate the marginal implicit values of environmental amenities associated with residential land parcels in the mountain town of Logan, Utah. Amenities include proximity to open spaces (such as parks, golf courses and lakes), commercial zones, major roads, streams, and general visibility of surrounding topography in the valley as determined by the elevation of the land parcel. The amenity value estimates are corrected for spatial autocorrelation. We find spatially dependent relationships between (1) a parcel’s value and its elevation, and (2) a parcel’s value and its adjacency to a stagnant stream. To our knowledge, …
Carbon Sequestration And Permit Trading On The Competitive Fringe, Arthur J. Caplan
Carbon Sequestration And Permit Trading On The Competitive Fringe, Arthur J. Caplan
Applied Economics Faculty Publications
This paper makes two contributions to the carbon-sequestration literature. The first is the development of a theoretical framework in which sequestration and permit trading are analyzed jointly in the context of a competitive fringe model. The second is a numerical analysis demonstrating the role market structure, or market power, might play in the determination of an equilibrium sequestration allocation and carbon price. We present three comparative-static cases, the first two of which assess the impact of relative changes in the cost structures of the dominant firm and competitive fringe. For these two cases we find that the equilibrium allocation of …
Foreign Direct Investment, Non-Traded Goods And Real Wages, Reza Oladi, John Gilbert, H. Beladi
Foreign Direct Investment, Non-Traded Goods And Real Wages, Reza Oladi, John Gilbert, H. Beladi
Applied Economics Faculty Publications
Using a three‐sector general equilibrium model with non‐traded goods, we investigate the impact of foreign direct investment on the real wages of skilled and unskilled workers. We show that foreign direct investment increases the real wages of skilled and unskilled workers alike, but widens the gap between the two under plausible conditions.
Matching Grants, Income Redistribution And Decentralized Leadership, Arthur J. Caplan, C. Emilson, D. Silva
Matching Grants, Income Redistribution And Decentralized Leadership, Arthur J. Caplan, C. Emilson, D. Silva
Applied Economics Faculty Publications
We examine the decentralized provision of an impure public good by regional governments in a federation similar in certain respects to both the European Union and the United States. The central authority redistributes income and provides matching grants on a per rate basis after it observes the regions’ contributions to the impure public good. Imperfectly mobile workers react to regional and central governments’ policies by establishing residence in their most preferred region. Despite imperfect labor mobility, we show that the allocation of the impure public good and the interregional income redistribution policy are generally efficient in a federation with decentralized …