Land EconomicsPub Date : 2023-12-18DOI: 10.3368/le.100.3.091822-0070r
Laura Grant, Alexey Yukhov
{"title":"The Effects of Fuel Costs on New Electricity Generators in the United States","authors":"Laura Grant, Alexey Yukhov","doi":"10.3368/le.100.3.091822-0070r","DOIUrl":"https://doi.org/10.3368/le.100.3.091822-0070r","url":null,"abstract":"We estimate the effect of the natural gas fuel cost on the choices for a new power generator, the energy source gas, wind, or solar and its capacity. Higher fuel costs increase odds of more renewable capacity, as opposed to gas, with large, significant effects for both wind and solar. As the U.S. has yet to implement nationwide carbon policies, we use fuel cost to proxy for a carbon tax. Our scenarios of $10-to-$50 per ton of carbon dioxide (CO ! ) reduce emissions from new generators by 22 to 47 percent, equivalent to 2 to 4 percent of total electricity emissions.","PeriodicalId":51378,"journal":{"name":"Land Economics","volume":null,"pages":null},"PeriodicalIF":1.4,"publicationDate":"2023-12-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139172866","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Land EconomicsPub Date : 2023-12-18DOI: 10.3368/le.100.3.040120-0046r1
Nancy H. Chau, Yu Qin, Weiwen Zhang
{"title":"Leader Networks and Interjurisdictional Contracting in Land Conversion Quotas","authors":"Nancy H. Chau, Yu Qin, Weiwen Zhang","doi":"10.3368/le.100.3.040120-0046r1","DOIUrl":"https://doi.org/10.3368/le.100.3.040120-0046r1","url":null,"abstract":"","PeriodicalId":51378,"journal":{"name":"Land Economics","volume":null,"pages":null},"PeriodicalIF":1.4,"publicationDate":"2023-12-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138995030","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Land EconomicsPub Date : 2023-10-16DOI: 10.3368/le.100.2.111821-0135r1
Pierre-Alexandre Mahieu, Romain Crastes dit Sourd, Pascal Gastineau, Benoît Chèze, Andrea Taylor
{"title":"How Does the Cost Vector Affect Payment Consequentiality in a Binary Choice Contingent Valuation Survey?","authors":"Pierre-Alexandre Mahieu, Romain Crastes dit Sourd, Pascal Gastineau, Benoît Chèze, Andrea Taylor","doi":"10.3368/le.100.2.111821-0135r1","DOIUrl":"https://doi.org/10.3368/le.100.2.111821-0135r1","url":null,"abstract":"<h3>Abstract</h3> Payment consequentiality should improve the validity of welfare estimates in stated preference surveys according to a growing body of research. In this paper, we study whether the type of amounts (precision, parity) that composes the cost vector affects payment consequentiality. Our experiment consists in a binary choice survey on renewable energy where the cost amounts range between 0.5 and 25 euros. For small amounts, we find that precision increases payment consequentiality. For larger amounts, even numbers perform better than odd numbers. Our results suggest that the type of cost amount (e.g., even/odd, general/precise) should be carefully considered by the analyst.","PeriodicalId":51378,"journal":{"name":"Land Economics","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-10-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136112986","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"How Differently Do Farms Respond to Agri-environmental Policies? A Probabilistic Machine-Learning Approach","authors":"Silvia Coderoni, Roberto Esposti, Alessandro Varacca","doi":"10.3368/le.100.2.060622-0043r1","DOIUrl":"https://doi.org/10.3368/le.100.2.060622-0043r1","url":null,"abstract":"<h3>Abstract</h3> This study evaluates to what extent farmers respond heterogeneously to the agri-environmental policies implemented within the European Common Agricultural Policy (CAP). Our identification and estimation strategy combines a theory-driven research design formalizing all possible sources of heterogeneity with a Bayesian additive regression trees algorithm. Results from a 2015-2018 panel of Italian farms show that the responsiveness to these policies may differ substantially across farms and farm groups. This suggests room for improvement in the implementation of these policies. We also argue that the specific features of the CAP call for a careful implementation of these empirical techniques.","PeriodicalId":51378,"journal":{"name":"Land Economics","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-10-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136115350","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Land EconomicsPub Date : 2023-10-16DOI: 10.3368/le.100.2.092822-0075r
Allen Blackman, Sahan T. M. Dissanayake, Adan L. Martinez Cruz, Leonardo Corral, Maja Schling
{"title":"The Benefits of Titling Indigenous Communities in the Peruvian Amazon: A Stated Preference Approach","authors":"Allen Blackman, Sahan T. M. Dissanayake, Adan L. Martinez Cruz, Leonardo Corral, Maja Schling","doi":"10.3368/le.100.2.092822-0075r","DOIUrl":"https://doi.org/10.3368/le.100.2.092822-0075r","url":null,"abstract":"<h3>Abstract</h3> We conduct a discrete choice experiment with leaders of 164 Peruvian indigenous communities (ICs) to elicit their preferences about and valuation of land titles—to our knowledge, the first use of rigorous stated preference methods to analyze land titling. We find that: (i) on average, IC leaders are willing to pay US$35,000–45,000 for a title, roughly twice the per community administrative cost of titling; (ii) WTP is positively correlated with the value of IC land and the risk of land grabbing; and (iii) leaders prefer titling processes that involve indigenous representatives and titles that encompass land with cultural value.","PeriodicalId":51378,"journal":{"name":"Land Economics","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-10-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136078033","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Land EconomicsPub Date : 2023-10-16DOI: 10.3368/le.100.2.111022-0096r
Yoshito Takasaki, Oliver T. Coomes, Christian Abizaid
{"title":"Tropical Forests Provide Gendered Insurance against Illness","authors":"Yoshito Takasaki, Oliver T. Coomes, Christian Abizaid","doi":"10.3368/le.100.2.111022-0096r","DOIUrl":"https://doi.org/10.3368/le.100.2.111022-0096r","url":null,"abstract":"<h3>Abstract</h3> Tropical forest peoples rely on wild resources to cope with adverse shocks, i.e., natural insurance; however, research has shown its limited scope against health shocks that constrain labor supply responses. This paper examines natural insurance against illness through the lens of gender. We conducted a large-scale household survey in the Peruvian Amazon, where wild resource harvesting is mostly done by males. We find that fishing and nontimber forest product gathering increased against female illness and remittances increased against male illness, suggesting that the scope of natural insurance and risk sharing against illness is shaped by gender in a complementary way.","PeriodicalId":51378,"journal":{"name":"Land Economics","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-10-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136112252","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Land EconomicsPub Date : 2023-10-16DOI: 10.3368/le.100.2.071522-0056r
Tom Gillespie, Ronan C. Lyons, Stephen Hynes
{"title":"The Value of a Sea View: Hedonic Estimates Using 3D Simulation and Natural Language Processing","authors":"Tom Gillespie, Ronan C. Lyons, Stephen Hynes","doi":"10.3368/le.100.2.071522-0056r","DOIUrl":"https://doi.org/10.3368/le.100.2.071522-0056r","url":null,"abstract":"<h3>Abstract</h3> This paper develops a novel measure of sea-view breadth and depth, based on a combination of GIS 3D simulation and Natural Language Processing (NLP) techniques. NLP identifies properties that have a sea view, while GIS measures its extent. It then estimates the value of a sea view using a hedonic housing price model and a sample of over 100,000 sales listings in Ireland, 2014-2019. We find that a sea view can add significant value to a property, all else being equal, with an average premium of 8.1% rising to 15% for a wide breadth of sea view.","PeriodicalId":51378,"journal":{"name":"Land Economics","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-10-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136112253","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Land EconomicsPub Date : 2023-10-16DOI: 10.3368/le.100.2.111422-0097r
Charles Sims, Ben Blachly, Travis Warziniack
{"title":"Will Ecosystem Services Attract Investors?","authors":"Charles Sims, Ben Blachly, Travis Warziniack","doi":"10.3368/le.100.2.111422-0097r","DOIUrl":"https://doi.org/10.3368/le.100.2.111422-0097r","url":null,"abstract":"<h3>Abstract</h3> An unanswered question in conservation economics is how to leverage impact investing for the provision of ecosystem services. We develop and apply a general conceptual model of a diversified ecosystem service portfolio to highlight two key insights about which ecosystem services will attract impact investing. First, generating a positive expected return via markets or payments for ecosystem services is a necessary but not sufficient condition to elicit impact investment in ecosystem services. Second, ecosystem services can exhibit a novel diversification value that increases the value of the ecosystem service asset to an institutional investor.","PeriodicalId":51378,"journal":{"name":"Land Economics","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-10-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136112251","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Land EconomicsPub Date : 2023-09-25DOI: 10.3368/le.100.2.052521-0054r2
Frank Jensen, Lars Gårn Hansen, Rasmus Nielsen
{"title":"A Welfare Gain from Switching to Taxes? The Danish Cod Fishery in the Kattegat","authors":"Frank Jensen, Lars Gårn Hansen, Rasmus Nielsen","doi":"10.3368/le.100.2.052521-0054r2","DOIUrl":"https://doi.org/10.3368/le.100.2.052521-0054r2","url":null,"abstract":"<h3>Abstract</h3> Theoretical papers show that there could be a welfare gain from switching to tax regulation if managers are more uncertain about key parameters of a fishery than fishermen. We estimate the size of the welfare gain that would result if a manager of the Danish cod fishery in the Kattegat switched from the current individual transferable quota system to tax regulation. We find that this would generate a small welfare gain of 0.023% of the industry profit and variations in parameter values (+/- 20 %) at most result in a gain of 0.029%","PeriodicalId":51378,"journal":{"name":"Land Economics","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-09-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135815349","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}