Physical Sciences and Mathematics Commons^™

Using Choice Experiment Valuation Methods To Measure Public Preference For A New National Park In Maine, Alexander G. Wilsterman

Journal of Environmental and Resource Economics at Colby

With global population increasing faster than ever, the need to protect land from development is at an all-time high. This paper seeks the measure the public preference for a new national park located in northern Maine. A national park will both protect the land and inject a much-needed economic stimulus to the surrounding communities. The study uses the choice experiment valuation method to quantify its results. Through this revealed preference we can quantify which characteristics are most important to the public so that these characteristics may be considered if the project is ever approved.

Golf Courses In Maine: Land Type Valuation Versus A Hedonic Pricing Analysis, Gregory Ladd, Jason Buco

Journal of Environmental and Resource Economics at Colby

Many studies have been conducted analyzing the economic impact of golf courses on the local communities. These studies examine economic impacts of tournaments, endorsements, and vacation expenses of the major golf courses in the United States. However, there is little research conducted on the environmental impact of Golf courses, specifically in Maine. This paper performs a hedonic pricing analysis using housing prices in proximity to golf courses and compares it to the valuation of various land types in Maine. Housing prices were collected in the towns of Auburn, and North Yarmouth both near and distant from the local golf course. …

Converting Croplands To Grassland: A Spatial Analysis Of The Economic Feasibility Of Soil Greenhouse Gas Mitigation In Midwest, United States, Paco C. Defrancis

Journal of Environmental and Resource Economics at Colby

The global agriculture sector is responsible for close 20% of the aggregate anthropogenic greenhouse gas (GHG) emissions emitted since the start of the industrial age. Much of these emissions are attributed to the degradation of soils due to land use change when native ecosystems were converted to agricultural fields. Soil organic carbon (SOC) has been found to decrease in temperate soils when the native (such as a forest or grassland) ecosystem is replace by croplands. The aggregate amount of organic carbon stored in soils globally is estimated be 3.3x the size of the atmospheric carbon pool. Further soil degradation and …

Cost Benefit Analysis Of Café Standards Compared To The Alternative Fuel/Carbon Tax, Brian Levinson

Journal of Environmental and Resource Economics at Colby

The Cafe Standards were introduced in 1975 following the Oil Embargo. The goals of this program were simple. To reduce co2 emissions in vehicles by increasing a mandatory average mpg level for car manufacturers in the United States. Recently, in 2012, the Obama Administration set new Cafe Standard requirements for car manufacturers. By 2025, all new cars on the road in the United States must average 54.5 miles per gallon, which would double the current 27 mpg average in place right now. While the intentions of this policy are to reduce co2 emissions while at the same time increasing savings …

The Economics Of The Audubon Society's Sanctuary Program For Golf Courses, Dan Hyszczak

Journal of Environmental and Resource Economics at Colby

Millions of people play golf every year, and in 2011 Golf Courses gained $22 billion dollars in revenue. This statistic combined with golf’s inherent place in the natural environment lead to questions of value and development for golf course owners. In 1991, The Audubon Society created their Cooperative Sanctuary Program for Golf Courses (ACSP) to promote environmentally sustainable practices for golf courses and to recognize the courses that are the most environmentally in both the United States and around the world.

This paper builds off of prior research that connects golf course beauty with revenue by examining the effects of …

Preferences For Coral Reef And Fishery Management In Okinawa, Japan, Nils Carlson

Journal of Environmental and Resource Economics at Colby

This study is an example of how a nonmarket valuation method – a choice experiment – can be used to influence and guide ecosystem conservation efforts. Using a choice experiment survey, this study estimates the willingness to pay (WTP) for certain hypothetical attributes of a restored and conserved coral reef in Okinawa, Japan. I find that an increase in the amount of fish available to catch in ten years as well as an increase in the extent and health of the coral reefs and the number of marine biodiversity found in the Okinawan waters after ten-years, both positively affect respondent’s …

An Exploratory Statistical Analysis Of The External And Internal Effects Of Art Museums In The United States, John Eder

Journal of Environmental and Resource Economics at Colby

An Exploratory Statistical Analysis of the External and Internal Effects of Art Museums in the United States

How Does The Stock Market Value The Renewable Energy Sector: A Public Announcement Analysis And Test Of The Efficient Market Hypothesis, Jack Crampton

Journal of Environmental and Resource Economics at Colby

This study analyzes the market reaction to public announcements in the stock market. The efficient market hypothesis is put to test and similar studies are reexamined in the context of the renewable energy sector. Through fixed effects models, we can assess the validity to the efficient market hypothesis and assess how the market values the clean energy sector.

The Effects Of Land Conservation On Productivity, Robert Mccormick, Carolyn Fuwa

Journal of Environmental and Resource Economics at Colby

In this research the relationship between productivity of land conservation is analyzed using panel data of the GDP and acres conserved of all 50 U.S. states from 1998-2005. Two main theories of the conservation productivity relationship exist. The first maintains that conservation impedes productivity because it does not allow land cultivation. Conversely, the second theory maintains that land conservation has a positive effect on GDP due to the recreation and tourism it creates. Through the use of fixed effects and random effects regressions, the amount of land conserved per state is not a significant predictor of state GDP The GDP …

A Survey On Climate Change: How Beliefs Shape Responsibility, Connor P. Clancy, Sarah Beth Solomon

Journal of Environmental and Resource Economics at Colby

This paper examines the lack of awareness and feelings of personal responsibility for climate change. Previous literature suggests that while part of the United States population may be aware of climate change, they do not feel personally responsible for causing it despite feeling climate change’s effects just like everyone else. Furthermore, studies suggest that individuals also do not believe climate change will affect them now, but rather it is an issue for future generations. Using a survey, we examine which demographics and personal factors are most important in eliciting awareness for climate change, and furthermore, personal responsibility for its effects. …

The Value Of Dune Width In Avalon, New Jersey: A Hedonic Pricing Analysis, Matt Mignon

Journal of Environmental and Resource Economics at Colby

Previous research on the economics of coastal housing markets has proven that housing values along the east coast of the United States capitalize on the attributes of local beaches. These recent studies document two important findings: that beach width positively affects coastal property values and that there is a proximity effect, in which distance from the beach plays a significant role in the capitalization of local beach attributes. This paper builds upon these findings to explore the influence that dune width has on coastal property values in Avalon, New Jersey. I hypothesize that as dune width increases, local property values …

Invited Introduction To Jerec, Noelwah Netusil

Journal of Environmental and Resource Economics at Colby

No abstract provided.

Welcome By The Editor, Sahan T. M. Dissanayake

Journal of Environmental and Resource Economics at Colby

No abstract provided.

Shooting For The Sky: Martin Tengler Is Part Of A Team That Wants To Use Drones To Plant A Billion Trees A Year, Gerry Boyle

Colby Magazine

Martin Tengler '12 can picture a time when aerial drones fan out to map vast reaches of deforested land and then plant thousands of seed pods that will turn wasteland into new forest.