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Articles 1 - 5 of 5
Full-Text Articles in Other Economics
Moderate, Overlooked Weather Events And Local Labor Markets, Michael Ellis
Moderate, Overlooked Weather Events And Local Labor Markets, Michael Ellis
All Theses
A substantial amount of research exists on the economic effects of natural disasters and extreme weather, as well as comparatively minor variations in daily weather conditions such as precipitation, temperature, and wind. I construct a sample of over a million storms that range from intense daily weather conditions to extreme weather. I analyze written descriptions of the damages caused by many of these storms to identify 93,743 weather events within the sample that appear to be underemphasized in the existing economic literature. These storms cause more damage and disruptions to commerce than 63.5% of storms in the sample, yet do …
Mutual Economic Incentives For Urban Tree Canopy Restoration, Paul E. Thompson Jr.
Mutual Economic Incentives For Urban Tree Canopy Restoration, Paul E. Thompson Jr.
Undergraduate Economic Review
Potential alignment of economic incentives for tree canopy restoration are modeled using data from a 2015 Louisville Metro Government (KY) Urban Tree Canopy Assessment. The study revealed marked declines in urban canopy coverage from 2004-2012; accelerating losses are forecast through 2050. Tree coverage conveys substantial financial benefit to private property owners, primarily through increased property valuations. Benefits to local government may be derived from the corresponding increase in property tax assessments. A comprehensive cost-benefit analysis demonstrates the economic efficiency of tree purchase vouchers (issued by government to private property owners) as a potential contributing solution to urban canopy loss.
Contingent Valuation Methodology: Evaluation Of Benefits Of Improving Water Quality In The Lake Tai Region, Zongda Tu
Undergraduate Economic Review
Environmental economics is a relatively new field in the subject of economics. While the developing countries are growing and developing rapidly, the conflict between economic development and environmental preservation is becoming more and more irreconcilable. This methodology paper addresses the relationship between the water quality in the Lake Tai Region in China and economic benefits, and presents the contingent valuation methdology (CVM) to evaluate benefits.
Simple Ecosystem Service Valuation Can Impact National Forest Management, David E. Ervin, Gary Larsen, Craig Shinn
Simple Ecosystem Service Valuation Can Impact National Forest Management, David E. Ervin, Gary Larsen, Craig Shinn
Economics Faculty Publications and Presentations
This essay is about how a relatively simple application of the ‘new scarcity’ paradigm for non-market ecosystem services (Simpson, Toman and Ayres 2005) changed the management plan for a national forest. We identify lessons from our experience for AERE members.
Fishery Regulation And New England's Local Economies: Preliminary Evidence From A Natural Experiment, Spencer Fleury Ph.D.
Fishery Regulation And New England's Local Economies: Preliminary Evidence From A Natural Experiment, Spencer Fleury Ph.D.
Spencer Fleury Ph.D.
This paper examines the economic impacts of Amendment Five and Amendment Seven to the Northeast Multispecies Groundfish Management Plan on the economies of coastal cities and towns in southern New England, using a difference-in-differences OLS regression model and a Probit model. The potential existence of city-level economic impacts on fishing-related employment, average wages paid, median home values, and the unemployment rate was examined, with the object of providing guidance for policymakers involved in developing fisheries regulations. The results do not support the hypothesis that these regulations had a significant adverse effect on southern New England‘s coastal economies.