Hotelling's Theory and the Taking of the Redwood National Park
The taking of the land for the park raised redwood prices by a large amount and made the
owners
of the remaining redwood considerably more wealthy. In effect the public paid for the
park nearly
twice.
Why are the Uses Multiple? (A powerpoint
presentation on multiple use forestry to be given Aug. 1998)
This talk contains the history of the spotted owl controversy and it is argued that
planning for the long run in
the face of a vacillating policy goals is nonsensical. and MS
word paper based on the presentation
The Dynamic Revenue
Allocation Model (A CGE of the State of California, applied to Tax policy)
This is a link to the model and the write-up at the Department of Finance.
Code for the environmental version of DRAM (EDRAM).
EDRAM03A. The FY2003 100 industrial sector model. As of 5/9/05.
An exploration of the relationship between a principal and an agent when the agent can
be replaced. Endgame behavior results from poor
managers taking unreasonable risks to save their reputations. (This is the working
paper version with the appendices)