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Journal Cover Land Economics
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     ISSN (Print) 0023-7639 - ISSN (Online) 1543-8325
     Published by University of Wisconsin Press Homepage  [11 journals]   [SJR: 1.032]   [H-I: 49]
  • Unraveling the Multiple Margins of Rent Generation from Individual
           Transferable Quotas
    • Abstract: <p>By Matthew N. Reimer, Joshua K. Abbott, James E. Wilen</p> The most long-standing prediction about ITQs has been that transferable property rights to harvest will induce changes along the extensive margin via consolidation of quota among a smaller number of more efficient vessels (Grafton 1996; Weninger and Waters 2003; Weninger 2008; Lian, Singh, and Weninger 2010). This prediction has been substantiated by experience as ITQ programs have universally led to a reduced number of vessels—an outcome consistent with empirical findings of overcapitalized fisheries and preITQ vessels operating under increasing returns to scale. Transferability of harvest rights therefore facilitates the elimination of excess capital, thus addressing the popular depiction of the problem of the ... <a href="">Read More</a>
      Keywords: Fishery management
      PubDate: 2014-07-10T00:00:00-05:00
  • The Implications of Environmental NGO Involvement in Fisheries Management
    • Abstract: <p>By Margrethe Aanesen, Claire W. Armstrong</p> Environmental NGOs (ENGOs) are increasingly taking an interest in the management of the world’s seas and marine resources. In 1993 the World Wildlife Fund (WWF) decided to focus its work on three core areas: forests, freshwater ecosystems, and oceans, and today the Global Marine Program is an integrated part of their work.1 The same organization was an active contributor to the development of the management plan for the Barents Sea, a work initiated by the Norwegian Government in 2002. Greenpeace, whose origin stems from concern for deteriorating terrestrial ecosystems (hence the name), has increasingly become involved in the management of the world seas and exploitation of marine resources. One of the core issues ... <a href="">Read More</a>
      Keywords: Fisheries
      PubDate: 2014-07-10T00:00:00-05:00
  • Convective Storm Vulnerability: Quantifying the Role of Effective and
           Well-Enforced Building Codes in Minimizing Missouri Hail Property Damage
    • Abstract: <p>By Jeffrey Czajkowski, Kevin M. Simmons</p> Hailstorms are a persistent and chronic source of property losses for U.S. homeowners and insurance companies (IBHS 2003), with estimates of U.S. property insurer losses of $1.5 billion (Mills, Roth, and Lecomte 2005) to $1.6 billion (IBHS 2013) per year.1 A relatively recent example of a single hailstorm’s destructive potential occurred June 13, 2012, in Dallas, Texas, where estimated damage from the baseball sized hail was $1.5 to $2.0 billion (Richter and Berkowitz 2012). Usually they don’t create the media attention associated with other natural hazards such as tornadoes, as few people perish in these storms (Changnon, Changnon, and Hilberg 2009), but property damage can be as high as that of tornadoes, and ... <a href="">Read More</a>
      Keywords: Buildings
      PubDate: 2014-07-10T00:00:00-05:00
  • Environmental Regulation and Location of Industrialized Agricultural
           Production in Europe
    • Abstract: <p>By Abay Mulatu, Ada Wossink</p> Industrialized livestock systems are becoming the standard in meat production the world over. In particular, the pig and poultry industries experienced changing market structures and rapid growth in the 1980s and 1990s. Feed is sourced through international markets, and production has become clustered in areas where input costs are relatively low and access to international markets is well developed. The distancing of animal husbandry from feed crops has led to a system where there is no longer a direct coupling to a local land base through a feed crop–manure system (Innes 2000; Naylor et al. 2005). In combination with the large-scale units favored by the new supply chains, this has led to vast amounts of animal ... <a href="">Read More</a>
      Keywords: Pork industry and trade
      PubDate: 2014-07-10T00:00:00-05:00
  • How Much Expropriation Hazard Is Too Much? The Effect of Land
           Reallocation on Organic Fertilizer Usage in Rural China
    • Abstract: <p>By Ying Bai, James Kung, Yang Zhao</p> The thesis that property rights protection is crucial for economic growth is now a widely accepted premise (Acemoglu, Johnson, and Robinson 2001; Acemoglu and Robinson 2012; Banerjee, Gertler, and Ghatak 2002; Besley 1995; Besley and Ghatak 2009; Bras-selle, Gaspart, and Platteau 2002; DeLong and Shleifer 1992; Demsetz 1967; Engerman and Sokoloff 2005; Goldstein and Udry 2008; Jones 1987; North 1990; North and Thomas 1973). An important mechanism linking property rights protection and economic performance lies presumably in the investment that the protection of rights encourages. To the extent that the state has historically been the one to expropriate the fruits of private investments, any reduction in the degree ... <a href="">Read More</a>
      Keywords: Organic fertilizers
      PubDate: 2014-07-10T00:00:00-05:00
  • Evaluating Greening Farm Policies: A Structural Model for Assessing
           Agri-environmental Subsidies
    • Abstract: <p>By Marita Laukkanen, Céline Nauges</p> The past two decades have seen a substantial increase in farm subsidies provided under agri-environmental programs (AEPs) by the world’s dominant agricultural producers, the European Union (EU) and the United States (US). The programs are designed to reduce agriculturally produced pollution and to encourage provision of agriculture’s nonmarket benefits. In the EU, national AEPs have been compulsory for the member states since the 1992 reform of the Common Agricultural Policy (CAP). While the policy changes reflect increasing demands for environmental quality, other driving factors were the need to reduce agricultural overproduction and demands from the World Trade Organization for a reduction in trade-distorting ... <a href="">Read More</a>
      Keywords: Agriculture
      PubDate: 2014-07-10T00:00:00-05:00
  • Forced Sales and Farmland Prices
    • Abstract: <p>By Silke Hüttel, Simon Jetzinger, Martin Odening</p> This paper is motivated by a simple but not trivial question: What is a reasonable mortgage lending value for agricultural land? It is essential for creditors to know this value when offering loans to farmers, since the mortgage lending value constitutes an upper limit for a loan. The idea behind this premise is that the mortgaged land can be sold at any time within the loan contract period, at least at the mortgaged lending value in the event of a loan default. A starting point for deriving the mortgage lending value is the sale value (liquidation value) of land, which will generally deviate from bookkeeping values. The mortgage lending value, however, is usually smaller than the current sales value. There are at ... <a href="">Read More</a>
      Keywords: Real property
      PubDate: 2014-07-10T00:00:00-05:00
  • Determinants of Local Public Policies for Farmland Preservation and Urban
           Expansion: A French Illustration
    • Abstract: <p>By Olivier Chanel, Laurence Delattre, Claude Napoléone</p> Urban sprawl, associated with diminishing agricultural land and its highly debated socioeconomic and environmental impacts, is a worldwide issue (UN-Habitat 2010). Agricultural production needs to increase in order to feed the world in the future (FAO 2009). However, arable lands are not infinitely expandable, and some competitive uses, like biofuel production, are already decreasing foodstuffs production. Moreover, given the current public support for environmental preservation, farming practices need to become more wildlife-friendly, with the consequent reduced productivity (Green et al. 2005). These trends explain the recent recommendations, at different institutional levels (e.g., United Nations 2010; or ... <a href="">Read More</a>
      Keywords: Agricultural conservation
      PubDate: 2014-07-10T00:00:00-05:00
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