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Global Climate Policywill Have Net Benefits Larger Than Anyone Thinks (And Welfare Gains, Strangely, Are Likely To Be Much Larger Yet), PHILIP E. GRAVES 2017 University of Colorado at Boulder

Global Climate Policywill Have Net Benefits Larger Than Anyone Thinks (And Welfare Gains, Strangely, Are Likely To Be Much Larger Yet), Philip E. Graves

PHILIP E GRAVES

As with other public goods lacking strong special interest support, global climate policy suffers from two serious
theoretical flaws. The first is failure to endogenize the labor-leisure decision when conducting benefit-cost analysis.
Recognition that income generated will not remain the same pre-and-post policy results in downward bias
in benefit estimation. Much more importantly, there will generally be free riding in input markets in addition to
the well-known output demand revelation problem. Since even households with very high marginal values cannot
individually increment public goods, too little income will be generated and too much of the income that is
generated will ...


Willingness To Pay For Clear Lake Cleanup, Christopher D. Azevedo, Joseph A. Herriges Sr., Catherine L. Kling 2017 Iowa State University

Willingness To Pay For Clear Lake Cleanup, Christopher D. Azevedo, Joseph A. Herriges Sr., Catherine L. Kling

Catherine Kling

The water quality in Iowa’s lakes has been a hot topic lately. Concerns about the water quality in many of the state’s lakes have brought increased attention to the value of the lakes as a recreational resource. One lake that has experienced recent water quality problems, as well as the accompanying publicity, is Clear Lake, located in Cerro Gordo County.


Valuing Water Quality In Midwestern Lake Ecosystems, Kevin J. Egan, Joseph A. Herriges Sr., Catherine L. Kling, John A. Downing 2017 Iowa State University

Valuing Water Quality In Midwestern Lake Ecosystems, Kevin J. Egan, Joseph A. Herriges Sr., Catherine L. Kling, John A. Downing

Catherine Kling

As increased attention is focused on the issue of water quality in the state of Iowa, policymakers must grapple with the pressures of balancing federal water quality requirements, tight conservation budgets, and citizen concern for environmental preservation and restoration of Iowa’s water resources. Efforts to improve water quality typically entail significant costs, either in the form of state resources to fund cleanup efforts or private costs associated with altering land uses, farming practices, municipal treatment facility expansions, or other investments.


Research Needs And Challenges In The Few System: Coupling Economic Models With Agronomic, Hydrologic, And Bioenergy Models For Sustainable Food, Energy, And Water Systems, Catherine L. Kling, Raymond W. Arritt, Gray Calhoun, David A. Keiser, John M. Antle, Jeffery G. Arnold, Miguel Carriquiry, Indrajeet Chaubey, Peter Christensen, Baskar Ganapathysubramanian, Philip Gassman, William Gutowski, Thomas W. Hertel, Gerritt Hoogenboom, Elena Irwin, Madhu Khanna, Pierre Mérel, Daniel J. Phaneuf, Andrew Plantinga, Stephen Polasky, Paul Preckel, Sergey Rabotyagov, Ivan Rudik, Silvia Secchi, Aaron Smith, Andrew VanLoocke, Calvin Wolter, Jinhua Zhao, Wendong Zhang 2017 Iowa State University

Research Needs And Challenges In The Few System: Coupling Economic Models With Agronomic, Hydrologic, And Bioenergy Models For Sustainable Food, Energy, And Water Systems, Catherine L. Kling, Raymond W. Arritt, Gray Calhoun, David A. Keiser, John M. Antle, Jeffery G. Arnold, Miguel Carriquiry, Indrajeet Chaubey, Peter Christensen, Baskar Ganapathysubramanian, Philip Gassman, William Gutowski, Thomas W. Hertel, Gerritt Hoogenboom, Elena Irwin, Madhu Khanna, Pierre Mérel, Daniel J. Phaneuf, Andrew Plantinga, Stephen Polasky, Paul Preckel, Sergey Rabotyagov, Ivan Rudik, Silvia Secchi, Aaron Smith, Andrew Vanloocke, Calvin Wolter, Jinhua Zhao, Wendong Zhang

Catherine Kling

On October 12–13, a workshop funded by the National Science Foundation was held at Iowa State University in Ames, Iowa with a goal of identifying research needs related to coupled economic and biophysical models within the FEW system. Approximately 80 people attended the workshop with about half representing the social sciences (primarily economics) and the rest from the physical and natural sciences. The focus and attendees were chosen so that findings would be particularly relevant to SBE research needs while taking into account the critical connectivity needed between social sciences and other disciplines. We have identified several major gaps ...


The Optimality Of Using Marginal Land For Bioenergy Crops: Tradeoffs Between Food, Fuel, And Environmental Services, Adriana M. Valcu-Lisman, Catherine L. Kling, Philip W. Gassman 2017 Iowa State University

The Optimality Of Using Marginal Land For Bioenergy Crops: Tradeoffs Between Food, Fuel, And Environmental Services, Adriana M. Valcu-Lisman, Catherine L. Kling, Philip W. Gassman

Catherine Kling

We assess empirically how agricultural lands should be used to produce the highest valued outputs, which include food, energy, and environmental goods and services. We explore efficiency tradeoffs associated with allocating land between food and bioenergy and use a set of market prices and nonmarket environmental values to value the outputs produced by those crops. We also examine the degree to which using marginal land for energy crops is an approximately optimal rule. Our empirical results for an agricultural watershed in Iowa show that planting energy crops on marginal land is not likely to yield the highest valued output.


Least-Cost Control Of Agricultural Nutrient Contributions To The Gulf Of Mexico Hypoxic Zone, Sergey S. Rabotyagov, Todd Campbell, Manoj K. Jha, Hongli Feng, Philip W. Gassman, Lyubov A. Kurkalova, Sylvia Secchi, Catherine L. Kling 2017 University of Washington

Least-Cost Control Of Agricultural Nutrient Contributions To The Gulf Of Mexico Hypoxic Zone, Sergey S. Rabotyagov, Todd Campbell, Manoj K. Jha, Hongli Feng, Philip W. Gassman, Lyubov A. Kurkalova, Sylvia Secchi, Catherine L. Kling

Catherine Kling

No abstract provided.


Impacts Of Climate Change On Hydrology, Water Quality And Crop Productivity In The Ohio-Tennessee River Basin, Yiannis Panagopoulos, Philip W. Gassman, Raymond W. Arritt, Daryl E. Herzmann, Todd D. Campbell, Adriana Valcu, Manoj K. Jha, Catherine L. Kling, Raghavan Srinivasan, Michael White, Jeffrey G. Arnold 2017 Iowa State University

Impacts Of Climate Change On Hydrology, Water Quality And Crop Productivity In The Ohio-Tennessee River Basin, Yiannis Panagopoulos, Philip W. Gassman, Raymond W. Arritt, Daryl E. Herzmann, Todd D. Campbell, Adriana Valcu, Manoj K. Jha, Catherine L. Kling, Raghavan Srinivasan, Michael White, Jeffrey G. Arnold

Catherine Kling

Nonpoint source pollution from agriculture is the main source of nitrogen and phosphorus in the stream systems of the Corn Belt region in the Midwestern US. The eastern part of this region is comprised of the Ohio-Tennessee River Basin (OTRB), which is considered a key contributing area for water pollution and the Northern Gulf of Mexico hypoxic zone. A point of crucial importance in this basin is therefore how intensive corn-based cropping systems for food and fuel production can be sustainable and coexist with a healthy water environment, not only under existing climate but also under climate change conditions in ...


Incentives To Boost Conservation Tillage Adoption, Lyubov A. Kurkalova, Catherine L. Kling 2017 Iowa State University

Incentives To Boost Conservation Tillage Adoption, Lyubov A. Kurkalova, Catherine L. Kling

Catherine Kling

With increasing public demand for clear air and clean water, many inside and outside Washington, D.C., have suggested that federal farm income support should be tied to enhanced conservation practices.


Iowa’S Wetlands: Who Will Pay For Preservation?, Joseph A. Herriges Sr., Catherine L. Kling 2017 Iowa State University

Iowa’S Wetlands: Who Will Pay For Preservation?, Joseph A. Herriges Sr., Catherine L. Kling

Catherine Kling

It is estimated that before the 1750s, Iowa had around 2.3 million acres of wetlands. Today, Iowa has about 35,000 acres, with over 98 percent of the original wetlands converted to other uses—primarily agricultural production.


Global Solutions To Regional Problems: Collecting Global Expertise To Address The Problem Of Harmful Cyanobacterial Blooms. A Lake Erie Case Study, George S. Bullerjahn, Robert M. McKay, Timothy W. Davis, David B. Baker, Gregory L. Boyer, Leslie V. D'Anglada, Gregory J. Doucette, Jeff C. Ho, Elena G. Irwin, Catherine L. Kling, Raphael M. Kudela, Rainer Kurmayer, Anna M. Michalak, Joseph D. Ortiz, Timothy G. Otten, Hans W. Paerl, Boqiang Qin, Brent L. Sohngen, Richard P. Stumpf, Petra M. Visser, Steven W. Wilhelm 2017 Bowling Green State University

Global Solutions To Regional Problems: Collecting Global Expertise To Address The Problem Of Harmful Cyanobacterial Blooms. A Lake Erie Case Study, George S. Bullerjahn, Robert M. Mckay, Timothy W. Davis, David B. Baker, Gregory L. Boyer, Leslie V. D'Anglada, Gregory J. Doucette, Jeff C. Ho, Elena G. Irwin, Catherine L. Kling, Raphael M. Kudela, Rainer Kurmayer, Anna M. Michalak, Joseph D. Ortiz, Timothy G. Otten, Hans W. Paerl, Boqiang Qin, Brent L. Sohngen, Richard P. Stumpf, Petra M. Visser, Steven W. Wilhelm

Catherine Kling

In early August 2014, the municipality of Toledo, OH (USA) issued a ‘do not drink’ advisory on their water supply directly affecting over 400,000 residential customers and hundreds of businesses (Wilson, 2014). This order was attributable to levels of microcystin, a potent liver toxin, which rose to 2.5 mg L1 in finished drinking water. The Toledo crisis afforded an opportunity to bring together scientists from around the world to share ideas regarding factors that contribute to bloom formation and toxigenicity, bloom and toxin detection as well as prevention and remediation of bloom events. These discussions took place at ...


Degraded Water Quality In Lakes: Consequences For Use, Hocheol Jeon, Catherine L. Kling, Yongjie Ji 2017 Iowa State University

Degraded Water Quality In Lakes: Consequences For Use, Hocheol Jeon, Catherine L. Kling, Yongjie Ji

Catherine Kling

Iowa, like many states in the Midwest, suffers from poor water quality. Excess nutrients in the state’s lakes and streams contribute to odor, limited clarity, excess algae and plant growth, and can contribute to a number of other undesirable changes to habitat and water quality. These changes, in turn, can reduce the usage and enjoyment of lakes and streams. Likewise, improvements in water quality brought about by reduced nutrient pollution or lake improvement projects can increase the number of visitors and their enjoyment of natural environments. To better understand what Iowans value about their natural environment and how changes ...


Economic Valuation Of Ecosystem Benefits From Conservation Practices Targeted In Iowa Nutrient Reduction Strategy 2013: A Non Market Valuation Approach, Mainul Hoque, Catherine L. Kling 2017 Iowa State University

Economic Valuation Of Ecosystem Benefits From Conservation Practices Targeted In Iowa Nutrient Reduction Strategy 2013: A Non Market Valuation Approach, Mainul Hoque, Catherine L. Kling

Catherine Kling

With the aim of improving water quality, the Iowa Nutrient Reduction Strategy 2014 sets a goal of reducing agricultural non-point-source generated nitrogen load by 41 percent and phosphorus load by 29 percent in Iowa’s waterways. The “strategy” describes several land use that could achieve those reductions, such as widespread adoption of conservation practices in farming, land retirement, and wetland restoration that can meet the specified target reduction. The goal of the current study is to identify the range of ecosystem benefits resulting from the conservation practices associated with each of these scenarios and apply a nonmarket valuation method to ...


How Have Retail Sales Patterns Changed Across Rural America? A Case Study Of Nebraska, Anil Giri, Bruce Johnson 2017 University of Central Missouri

How Have Retail Sales Patterns Changed Across Rural America? A Case Study Of Nebraska, Anil Giri, Bruce Johnson

Online Journal of Rural Research & Policy

Retailing is an important sector of any economy at all geographic levels. Majority of the times, metropolitan areas serve as retail centers for larger geographic areas as the volume of retail activity generated is certainly an important metric to those places. In this paper, using Nebraska as a case study, we analyze the retailing patterns across the state at different geographical scales. For the analysis, we use Pull Factor (PF) as the primary unit of measurement of retail strength. PF measures the relative market share of retailing by a specific geographic area over a specific time period. Results show that ...


Public Finance In A Nutshell: A Cobb Douglas Teaching Tool For General Equilibrium Tax Incidence And Excess Burden, Don Fullerton, Chi L. Ta 2017 University of Illinois at Urbana-Champaign

Public Finance In A Nutshell: A Cobb Douglas Teaching Tool For General Equilibrium Tax Incidence And Excess Burden, Don Fullerton, Chi L. Ta

Don Fullerton

To help first- or second-year graduate students in economics apply their theoretical training, this paper shows how to solve a simple and intuitive computable general equilibrium (CGE) model using a calculator. Because this simplified Harberger model uses Cobb Douglas functional forms for utility and production, one can solve for all input and output prices and quantities with no taxes and then solve for exact measures of output with a large tax change (not using derivatives). We then show how to solve simultaneously for capital and labor prices (incidence on the sources side of income), for both output prices (incidence on ...


Current & Future Economic Value- Kankakee River In Illinois, Timothy O. Nugent 2017 Economic Alliance

Current & Future Economic Value- Kankakee River In Illinois, Timothy O. Nugent

Kankakee River Watershed Conference

Major topics covered in work: economic impact of Kankakee River on industrial/commercial, residential, recreational/tourism in Kankakee county.


Dawn Of The Lawn, David M. Guy 2017 John Tyler Community College

Dawn Of The Lawn, David M. Guy

Exigence

Drawing on both electronic and print sources, this research seeks to explore the cultural, economic, and environmental implications of the American lawn and suggest the need to awaken a cultural discussion aimed at harmonizing one’s landscape with reality. The lawn penetrates the American’s daily life, yet few stop to examine the origins and effects of the lawn. Involving many of the leading academic voices in this subject, this work further aims to ignite a diverse discussion of the lawn’s connection to oil, fertilizers, pesticides, drinking water, and individual’s behavior. Considerable evidence supports the notion that the ...


Setting Up Living Trusts, Neil E. Harl 2017 Iowa State University

Setting Up Living Trusts, Neil E. Harl

Neil E. Harl

The recent enthusiasm for setting up revocable living trusts is supported by two pluses — (1) a way to assure flexibility in management for property in those later years when individuals may not be in a good position to manage their assets and (2) an opportunity for some simplification in estate settlement. However, several factors of a technical or practical nature should be taken into account before the decision is made to establish a revocable living trust.


Joint Tenancy Disclaimers: What Can Be Disclaimed?, Neil E. Harl 2017 Iowa State University

Joint Tenancy Disclaimers: What Can Be Disclaimed?, Neil E. Harl

Neil E. Harl

For years the Internal Revenue Service resisted the disclaimer of joint tenancy interests on the grounds that the disclaimer had to occur within nine months of the creation of the joint tenancy. IRS eventually came to accept the disclaimer of revocable joint tenancies within nine months after death and even more recently indicated that the Service would not resist the disclaimer of joint tenancy interests in other than revocable joint tenancies where there was a predeath right to sever the joint interests The focus on when joint tenancies could be disclaimed obscured the question of what could be disclaimed.


Disclaiming The Survivorship Interest In Joint Tenancy Property, Neil E. Harl 2017 Iowa State University

Disclaiming The Survivorship Interest In Joint Tenancy Property, Neil E. Harl

Neil E. Harl

No abstract provided.


Capitalizing Preproductive Period Expenditures, Neil Harl 2017 Selected Works

Capitalizing Preproductive Period Expenditures, Neil Harl

Neil E. Harl

Few have forgotten the provision in the Tax Reform Act of 1986 requiring the capitalization of preproductive period expenditures for animals or crops having a preproductive period of more than two years. The provision was repealed as to animals in the Technical and Miscellaneous Revenue Act of 1988. However, problems may now be encountered by those who elected out of the provision before 1989.


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