Virtual Issue: Environmental Economics
In this virtual issue of the American Journal of Agricultural Economics, we highlight recent research on agri-environmental issues. Barely discussed in the literature twenty years ago, articles that focus on agri-environmental issues are now prominent in the agricultural economics research agenda.
A particularly important theme featured in this collection is the valuation of environmental amenities, including recreation, native vegetation, and, more generally, ecosystem services. A second dominant theme is water, including consumers' response to a bottled water tax, allocative efficiency with privatized water rights versus irrigation districts, and water availability as a determinant of agricultural land values. Another interesting topic that is featured in this collection due to rapidly growing public concern is invasive species and disease resistance.
The collection concludes with two papers on environmental regulation, one involving the costs of regulation for a typical U.S. dairy farm, and the second involving the impact of changing wolf pack locations on beef production. Issues involving climate change were intentionally not included in this collection because this broad and important topic is deserving of its own special issue.
Overall, the ten papers in this collection nicely reveal how innovative methods of theoretical modeling, survey design, and econometric modeling are used to analyze various types of environmentally-related market failures and to justify creative policy proposals.
Modeling Recreation Demand When the Access Point Is Unknown
Yongjie Ji, Joseph A. Herriges, and Catherine L. Kling
American Journal of Agricultural Economics 98 (3): 860-880.
Capitalized Amenity Value of Native Vegetation in a Multifunctional Rural Landscape
Maksym Polyakov, David J. Pannell, Ram Pandit, Sorada Tapsuwan, and Geoff Park
American Journal of Agricultural Economics 97 (1): 299-314.
Transaction Costs in Payment for Environmental Service Contracts
Jeffrey M. Peterson, Craig M. Smith, John C. Leatherman, Nathan P. Hendricks, and John A. Fox
American Journal of Agricultural Economics 97 (1): 219-238.
Measuring Consumer Responses to a Bottled Water Tax Policy
Peter Berck, Jacob Moe-Lange, Andrew Stevens, and Sofia Villas-Boas
American Journal of Agricultural Economics 98 (4): 981-996.
The Water Transfer Effects of Alternative Irrigation Institutions
Narishwar Ghimire and Ronald C. Griffin
American Journal of Agricultural Economics 96 (4): 970-990.
Land Markets and the Value of Water: Hedonic Analysis Using Repeat Sales of Farmland
Steven Buck, Maximilian Auffhammer, and David Sunding
American Journal of Agricultural Economics 96 (4): 953-969.
Invasive Species and Disease Resistance
Economics of Controlling Invasive Species: A Stochastic Optimization Model for a Spatial-dynamic Process
Morteza Chalak, Maksym Polyakov, and David J. Pannell
American Journal of Agricultural Economics (2016).
The Effects and Value of a Resistant Perennial Variety: An Application to Pudrición del Cogollo Disease
Kelly A. Grogan and Mauricio Mosquera
American Journal of Agricultural Economics 97 (1): 260-281.
The Economic Costs of Environmental Regulation in U.S. Dairy Farming: A Directional Distance Function Approach
Eric Njuki and Boris E. Bravo-Ureta
American Journal of Agricultural Economics 97 (4): 1087-1106.
Crying Wolf? A Spatial Analysis of Wolf Location and Depredations on Calf Weight
Joseph P. Ramler, Mark Hebblewhite, Derek Kellenberg, and Carolyn Sime
American Journal of Agricultural Economics 96 (3): 631-656.
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