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Social and Behavioral Sciences Commons™
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Articles 1 - 3 of 3
Full-Text Articles in Social and Behavioral Sciences
A Game Theory Approach To Deciding Who Will Supply Instream Flow Water, Ray Supalla, Bettina Klaus, Osei Yeboah, Randall Bruins
A Game Theory Approach To Deciding Who Will Supply Instream Flow Water, Ray Supalla, Bettina Klaus, Osei Yeboah, Randall Bruins
Department of Agricultural Economics: Faculty Publications
The resource management problem for the Middle Platte ecosystem is the insufficient water available to meet both instream ecological demands and out-of-stream economic needs. This problem of multiple interest groups competing for a limited resource is compounded by sharp disagreement in the scientific community over endangered species’ needs for instream flows. In this study, game theory was used to address one dimension of this resource management problem. A sequential auction with repeated bidding was used to determine how much instream flow water each of three states – Colorado, Nebraska, and Wyoming – will provide and at what price. The results …
Agriculture And Economic Growth: Theory And Measurement, Lilyan E. Fulginiti
Agriculture And Economic Growth: Theory And Measurement, Lilyan E. Fulginiti
Department of Agricultural Economics: Faculty Publications
The main theme of Mundlak’s Agriculture and Economic Growth is the importance of studying agriculture in the context of the whole economy rather than in isolation. Within this general equilibrium context...
Direct And Indirect Shadow Price And Cost Estimates Of Nitrogen Pollution Abatement, Saleem Shaik, Glenn A. Helmers, Michael R. Langemeier
Direct And Indirect Shadow Price And Cost Estimates Of Nitrogen Pollution Abatement, Saleem Shaik, Glenn A. Helmers, Michael R. Langemeier
Department of Agricultural Economics: Faculty Publications
The implication of treating environmental pollution as an undesirable output (weak disposability) as well as a normal input (strong disposability) on the direct and indirect shadow price and cost estimates of nitrogen pollution abatement is analyzed using Nebraska agriculture sector data. The shadow price of nitrogen pollution abatement treated as an undesirable output represents the reduced revenue from reducing nitrogen pollution. In contrast, the shadow price of nitrogen pollution abatement treated as an input reflects the increased cost of reducing nitrogen pollution. For the 1936-97 period, the estimated shadow price and cost of nitrogen pollution abatement for Nebraska ranges from …