Nature is the international weekly journal of science: a magazine style journal that publishes full-length research papers in all disciplines of science, as well as News and Views, reviews, news, features, commentaries, web focuses and more, covering all branches of science and how science impacts upon all aspects of society and life.
We conduct a national-scale analysis of the determinants of agricultural land values. The theoretical basis for the study is a spatial city model with stochastic returns to future land development. The empirical model of agricultural land prices is estimated with a cross-section on approximately three thousand counties in the contiguous US. The results provide evidence that option values associated with irreversible and uncertain land development are capitalized into current farmland values. For each county, we decompose the current agricultural land value into components measuring rents from agricultural production and rents from future land development.
The relationship between technological changeand environmental policy has receivedincreasing attention from scholars and policymakers alike over the past ten years. This ispartly because the environmental impacts ofsocial activity are significantly affected bytechnological change, and partly becauseenvironmental policy interventions themselvescreate new constraints and incentives thataffect the process of technologicaldevelopments. Our central purpose in thisarticle is to provide environmental economistswith a useful guide to research ontechnological change and the analytical toolsthat can be used to explore further theinteraction between technology and theenvironment. In Part 1 of the article, weprovide an overview of analytical frameworksfor investigating the economics oftechnological change, highlighting key issuesfor the researcher. In Part 2, we turn ourattention to theoretical analysis of theeffects of environmental policy ontechnological change, and in Part 3, we focuson issues related to the empirical analysis oftechnology innovation and diffusion. Finally,we conclude in Part 4 with some additionalsuggestions for research.
Note: For a PDF file that can be downloaded, please see "Environmental Regulation During the 1990s: A Retrospective Analysis," Harvard Environmental Law Review, above, in section titled, "Academic Journals.
Bashmakov, I, C Jepma, P Bohm, S Gupta, Erik Haites, T Heller, JP Montero, et al. “Policies, Measures, and Instruments.” In Climate Change 2001: Mitigation, Intergovernmental Panel on Climate Change, Third Assessment Report, Working Group III, Chapter 6. Cambridge, UK; New York: Cambridge University Press, 2001.ipcc_ar3_chapter_6.pdf
Review: "Robert N. Stavins has emerged as one of the most influential voices in environmental economics over the last decade and a half. These twenty-three essays on environmental economics and policy, written by Professor Stavins and his co-authors over the period 1988-1999, originally appeared in a diverse set of leading scholarly periodicals and are here collected for the first time." "Students, scholars, practitioners and policymakers will find this volume a valuable and very useful addition to their collection."–Jacket.
The possibility of encouraging the growth of forests as a means of sequestering carbon dioxide has received considerable attention, partly because of evidence that this can be a relatively inexpensive means of combating climate change. But how sensitive are such estimates to specific conditions? We examine the sensitivity of carbon sequestration costs to changes in critical factors, including the nature of management and deforestation regimes, silvicultural species, relative prices, and discount rates.