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Agricultural and Resource Economics Commons™

Open Access. Powered by Scholars. Published by Universities.®

Public Economics

Selected Works

1999

Articles 1 - 4 of 4

Full-Text Articles in Agricultural and Resource Economics

Amenities And Fringe Benefits: Omitted Variable Bias, Philip E. Graves, Robert L. Sexton, Michelle M. Arthur Dec 1998

Amenities And Fringe Benefits: Omitted Variable Bias, Philip E. Graves, Robert L. Sexton, Michelle M. Arthur

Robert L Sexton

If labor is fairly mobile, as it is in the United States, one would expect that households would move from less desirable areas toward more desirable areas until all areas are equally desirable. The way that areas become equally desirable is through the impact of movers on wages and rents (and possibly "endogenous" disamenities, such as congestion or pollution). That is, as people move to desirable areas, they will increase the demand for land (raising rents) and increase the supply of labor (lowering wages); in equilibrium, the wage and rent "compensation" for the niceness of an area reveals, in dollar …

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A Comparison Of Welfare Estimates From Four Models For Linking Seasonal Recreational Trips To Multinomial Models Of Site Choice, George R. Parsons, Ted Tomasi, Paul Jakus Dec 1998

A Comparison Of Welfare Estimates From Four Models For Linking Seasonal Recreational Trips To Multinomial Models Of Site Choice, George R. Parsons, Ted Tomasi, Paul Jakus

George Parsons

We compare four methods of linking a site choice Random Utility Model to a seasonal trip model. The four approaches are those proposed by Morey et al. 1993, Hausman et al. 1995, Parsons and Kealy 1995, and Feather et al. 1995. We estimate the alternative models using a common data set and calculate a change in welfare for two policy scenarios across the models. We find that there is little practical difference between the approaches of Morey et al. and Hausman et al. They are nearly the same mathematically, and the welfare estimates in our empirical example are quite close. …

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Familiar And Favorite Sites In A Random Utility Model Of Beach Recreation, George R. Parsons, Daniel Mathew Massey, Ted Tomasi Dec 1998

Familiar And Favorite Sites In A Random Utility Model Of Beach Recreation, George R. Parsons, Daniel Mathew Massey, Ted Tomasi

George Parsons

No abstract provided.

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Measures Of Welfare Effects In Multiproduct Industries: The Case Of Multispecies Individual Quota Fisheries, Niels Vestergaard Dec 1998

Measures Of Welfare Effects In Multiproduct Industries: The Case Of Multispecies Individual Quota Fisheries, Niels Vestergaard

Niels Vestergaard

A framework is developed to measure the welfare effects of individual quota reforms in multiproduct industries using the multimarket welfare measure techniques suggested by Just, Hueth, and Schmitz (1982) and the concept of virtual price in the production theory literature (Neary 1995; Squires and Kirkley 1996). Under joint in input production it shown that quasirent under a single quota can be measured by the producer surplus either in the output market for quota output or in the quota market. Under multiple quotas the welfare effects of quota policies can be measured in one of the quota markets using inverse derived …

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