Journal Cover Land Economics
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   Full-text available via subscription Subscription journal
   ISSN (Print) 0023-7639 - ISSN (Online) 1543-8325
   Published by U of Wisconsin Press Homepage  [10 journals]
  • Moral Hazard in Natural Disaster Insurance Markets: Empirical Evidence
           from Germany and the United States
    • Abstract: Over the last several decades the economic damage from natural disasters, and floods in particular, has been increasing, and this trend is likely to continue (IPCC 2012; Munich Re 2013). The trend of increasing disaster losses could place pressure on private and public budgets and society as a whole, if the risk posed by disaster events is not prepared for.Insurance plays an important role in managing natural hazard risks and promoting recovery from disasters. It reduces financial risks by spreading risk over many policy-holders, helps people to “get back on their feet” after a disaster occurs, and prefunds disaster losses by collecting premiums (Botzen 2013). Moreover, insurance can also provide incentives for ... Read More
      PubDate: 2017-04-07T00:00:00-05:00
  • Specification of Spatial-Dynamic Externalities and Implications for
           Strategic Behavior in Disease Control
    • Abstract: The economic research on externalities in natural resource problems has increasingly paid attention to the dynamic and spatial characteristics of the biophysical processes generating these externalities. Such processes often cause damages due to their ability to cross the boundaries of privately owned properties. Consequently, a natural assumption is that space matters in that it defines exposure to risk and private incentives to manage externalities based on location with respect to property boundaries. For instance, the spatial heterogeneity driving the generation of externalities and the strategic choices to control them can be defined by a land parcel’s position on the boundary or on the interior of a grid ... Read More
      PubDate: 2017-04-07T00:00:00-05:00
  • PES Impact and Leakages over Several Cohorts: The Case of the PSA-H in
           Yucatan, Mexico
    • Abstract: Payments for environmental services (PES) schemes are instruments of increasing interest to policy makers to address deforestation in developing countries. The novelty of PES schemes is that, unlike other environmental instruments, they offer payments conditional on a desired outcome, for instance, forest conservation (Ferraro and Kiss 2002; Karsenty and Ezzine de Blas 2014; Wunder 2015). These instruments are widely considered to be direct approaches to environmental protection that have the potential to mobilize resources for forest conservation. In recent years, they have become very popular among decision-makers and are now favored instruments for the redistribution of funds destined to protect forests (UNEP ... Read More
      PubDate: 2017-04-07T00:00:00-05:00
  • Endogenous Consequentiality in Stated Preference Referendum Data: The
           Influence of the Randomly Assigned Tax Amount
    • Abstract: Hypothetical bias occurs when there is a divergence between behavioral intentions elicited in a survey setting and actual behavior. Debate continues around the accuracy of the contingent valuation method (CVM), with hypothetical bias being one of the major issues. In 2012, the Journal of Economic Perspectives featured a symposium on the CVM. Kling, Phaneuf, and Zhao (2012) provided an overview of the method and its development, concluding that when well designed, the CVM can provide important policy insights. Carson (2012) agreed, arguing that the CVM is “a practical alternative when prices aren’t available.” In stark contrast, Hausman’s (2012) opinion on CVM went from “dubious to hopeless” in the ability of the ... Read More
      PubDate: 2017-04-07T00:00:00-05:00
  • Convergent Validity and the Time Consistency of Preferences: Evidence from
           the Iowa Lakes Recreation Demand Project
    • Abstract: The task of valuing environmental amenities is hampered by the lack of direct markets for such goods. To fill this void, researchers have turned to a variety of revealed preference (RP) and stated preference (SP) methods to infer the values of interest.1 For example, recreation demand models are often used to estimate the value of both sites as a whole and their individual attributes (e.g., water quality) by modeling individual visitation patterns as a function of travel cost and site characteristics. The logic is that individuals reveal information about the value they place on an environmental amenity by incurring travel costs to reach sites with the amenity. One practical problem with this approach is that there ... Read More
      PubDate: 2017-04-07T00:00:00-05:00
  • An Empirical Analysis of Hunting Lease Pricing and Value of Game in Sweden
    • Abstract: Wildlife plays an integral role in the socioeconomic wellbeing of people around the world through the provision of hunting opportunities. Hunting is a common activity undertaken by millions of people, and the associated benefits are multiple, including meat, recreation, and cultural and religious values (CORDIS 2013). In a review of valuation studies applied to hunted wildlife across the world, Häggmark-Svensson et al. (2015) conclude that the value of recreational hunting can be large in monetary terms, and in developing countries hunting can account for a considerable share of household income. However, the importance of hunting is not restricted to hunters, as the sale of hunting leases and fees also generates ... Read More
      PubDate: 2017-04-07T00:00:00-05:00
  • Synergies and Trade-offs in Spatially Targeted Water Quality and Climate
           Change Mitigation Policies
    • Abstract: Agricultural land use is a key driver of the provision of ecosystem services, including the provisioning service of food production, and regulating services such as climate regulation and water quality regulation (Firbank et al. 2013). Climate change can be mitigated by land use change lowering carbon emissions from arable land. Water quality is impaired by excessive nutrient leakage and high nutrient loads to surface waters; land use change can mitigate this impact. Therefore, land use policies can strengthen these regulating services from agroecosystems; however, this is likely to entail a cost by lowering food production. Consequently, it is important to clarify the trade-offs and synergies resulting from ... Read More
      PubDate: 2017-04-07T00:00:00-05:00
  • Two-Stage Estimation to Control for Unobservables in a Recreation Demand
           Model with Unvisited Sites
    • Abstract: There is growing recognition that unobserved site characteristics are a serious problem in random utility models (RUMs) of recreation demand. Failure to control for unobservables in these models can lead to severely biased parameter and welfare estimates (Moeltner and von Haefen 2011). Similar issues have been noted in applications to differentiated consumer products, for example price endogeneity in modeling the supply and demand for automobiles (Berry, Levinson, and Pakes 1995). Price endogeneity is also known to arise in recreation demand modeling (Parsons 1991). However, the problem of unobservables in RUMs extends beyond endogeneity. Unobserved choice attributes independent of the included explanatory ... Read More
      PubDate: 2017-04-07T00:00:00-05:00
  • Gender Gaps in Landownership across and within Households in Four Asian
    • Abstract: Despite robust empirical evidence that households do not necessarily function as a single unit and that individuals’ control of income and assets within the household affect household outcomes (Haddad, Hoddinott, and Alderman 1997; Quisumbing 2003), policies regarding land and property rights in many countries continue to be formulated at the household level. The assumption that household members share the benefits of land rights equally has led to the persistent conceptualization and measurement of landownership at the household, rather than the individual, level. However, household-level data limit analyses of men’s and women’s land rights to comparisons of male- and female-headed households. The sex of the ... Read More
      PubDate: 2017-04-07T00:00:00-05:00
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