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Irreversible abatement investment under cost uncertainties: tradable emission permits and emissions charges

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J Zhao - Journal of Public Economics, 2003 - Elsevier
A major concern with tradable emission permits is that stochastic permit prices may reduce a
firm's incentive to invest in abatement capital or technologies relative to other policies such
as a fixed emissions charge. However, under efficient permit trading, the permit price ...
Cited by 72 - Related articles - Library Search - All 18 versions

Green subsidies in agriculture: Estimating the adoption costs of conservation tillage from observed behavior

[PDF] from iastate.edu
L Kurkalova, C Kling… - Canadian Journal of …, 2006 - Wiley Online Library
Due to payoff uncertainties combined with risk aversion and/or real options, farmers may
demand a premium in order to adopt conservation tillage practices, over and above the
compensation for the expected profit losses (if any). We propose a method of directly ...
Cited by 57 - Related articles - Library Search - BL Direct - All 22 versions

A new explanation for the WTP/WTA disparity

[PDF] from msu.edu
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J Zhao… - Economics Letters, 2001 - Elsevier
We propose a new explanation for the WTP/WTA disparity in experiments and surveys.
Uncertainty, irreversibility and limited learning opportunities can generate commitment costs,
driving a wedge between WTP and WTA. We present experimental evidence that supports ...
Cited by 53 - Related articles - All 8 versions

On the long-run efficiency of auctioned vs. free permits

[PDF] from umm.ac.id
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CL Kling… - Economics letters, 2000 - Elsevier
When marketable permits affect the entry/exit decisions of competitive firms, the efficient
proportion of auctioned vs. free permits depends on the pollutant's nature. All permits should
be auctioned for global pollutants, and some should be free for local pollutants.
Cited by 47 - Related articles - All 16 versions

Common Ground Between Free‐Traders and Environmentalists

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L Karp, S Sacheti… - International Economic Review, 2001 - Wiley Online Library
2. Abstract We use a North–South model with property right differences and resource
dynamics to study the effects of trade on resource use and welfare. Autarky is likely to Pareto-
dominate free trade in the long run when the environment is quite fragile, and the result is ...
Cited by 40 - Related articles - Library Search - BL Direct - All 25 versions

The time path and implementation of carbon sequestration

[PDF] from msu.edu
H Feng, J Zhao… - American Journal of Agricultural Economics, 2002 - JSTOR
We develop a dynamic model to investigate the optimal time paths of carbon emissions,
sequestration, and the carbon stock. We show that carbon sinks should be utilized as early
as possible, and carbon flow into sinks should last until the atmospheric carbon ...
Cited by 37 - Related articles - Get it from MIT Libraries - BL Direct - All 15 versions

Willingness to pay, compensating variation, and the cost of commitment

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J Zhao… - Economic Inquiry, 2004 - Wiley Online Library
Hicksian welfare theory is static in nature, but many decisions are made in a dynamic
environment. We present a dynamic model of an agent's decision to purchase or sell a good
under the realistic conditions of uncertainty, irreversibility, and learning over time. Her ...
Cited by 33 - Related articles - BL Direct - All 10 versions

Valuation and management of money-back guarantee options

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A Heiman, B McWilliams, J Zhao… - Journal of retailing, 2002 - Elsevier
In this article, we model money-back guarantees (MBGs) as put options. This use of option
theory provides retailers with a framework to optimize the price and the return option
independently and under various market conditions. This separation of product price and ...
Cited by 31 - Related articles - All 6 versions

Multiple benefits of carbon-friendly agricultural practices: empirical assessment of conservation tillage

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L Kurkalova, CL Kling… - Environmental Management, 2004 - Springer
This study empirically estimates the multiple benefits of a subsidy policy that would offer
payments to farmers in return for the adoption of conservation tillage, and compares the
outcomes of alternative targeting designs for such a policy. The least-cost incentive ...
Cited by 23 - Related articles - Library Search - BL Direct - All 23 versions

Alternative intertemporal permit trading regimes with stochastic abatement costs

[PDF] from umn.edu
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H Feng… - Resource and Energy Economics, 2006 - Elsevier
We examine the social efficiency of alternative intertemporal permit trading regimes. The
role of uncertainty and information asymmetry is discussed. For banking to be welfare
improving, uncertainty itself does not matter, while information asymmetry does. Three ...
Cited by 17 - Related articles - Library Search - All 16 versions

[BOOK] The subsidy for adopting conservation tillage: estimation from observed behavior

[PDF] from iastate.edu
LA Kurkalova, CL Kling, J Zhao… - 2001 - econ.iastate.edu
Abstract Due to payoff uncertainties combined with risk aversion and/or real options, farmers
may demand a premium in order to adopt conservation tillage practices, over and above the
compensation for the expected profit losses (if any). We propose a method of directly ...
Cited by 14 - Related articles - View as HTML - Get it from MIT Libraries - Library Search - All 16 versions

[CITATION] HAP: A COMPUTER ASSISTED HINTERLAND DIVISION SYSTEM Its Development and Application [J]

D WANG… - City Planning Review, 2000 - en.cnki.com.cn
This paper discussed city influence maximal method and primacy telecommunication
destination principles for hinterland division, and introduced basic function and
characteristics of computer assisted hinterland analysis system HAP. An application of ...
Cited by 14 - Related articles - Cached

Information asymmetries, uncertainties, and cleanup delays at superfund sites

[PDF] from msu.edu
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GC Rausser, LK Simon… - Journal of Environmental Economics and …, 1998 - Elsevier
Superfund cleanup has been extremely slow. Traditional analysis has centered around
reducing negotiation and litigation to expedite the cleanup process. We investigate other
factors which provide possible incentives for delay, namely, discounting, risk aversion, ...
Cited by 13 - Related articles - Library Search - BL Direct - All 13 versions

Trade and environmental distortions: coordinated intervention

[PDF] from msu.edu
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J Zhao - Environment and Development Economics, 2000 - Cambridge Univ Press
ABSTRACT. Free trade may not improve welfare when environmental distortions exist. We
study the coordination of trade and environmental policies when the distortion is loose
property rights governing resources. Using the dual approach of Dixit and Norman (1980), ...
Cited by 12 - Related articles - BL Direct - All 10 versions

Irreversibility and restoration in natural resource development

[PDF] from msu.edu
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J Zhao… - Oxford Economic Papers, 1999 - Oxford Univ Press
Abstract We extend Real Option Theory to evaluate natural resource development projects
that may bring negative net benefits and require costly restoration. Based on a new concept,
irreversibility cost, we show that the degree of irreversibility becomes an endogenous ...
Cited by 12 - Related articles - BL Direct - All 18 versions

Willingness to pay and the cost of commitment: an empirical specification and test

[PDF] from msu.edu
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JR Corrigan, CL Kling… - Environmental and Resource Economics, 2008 - Springer
Abstract In a static setting, willingness to pay for an environmental improvement is equal to
compensating variation. In a dynamic setting, however, willingness to pay may also contain
a commitment cost. In this paper we incorporate the dynamic nature of the value formation ...
Cited by 9 - Related articles - BL Direct - All 9 versions

[PDF] Carbon sequestration in agriculture: value and implementation

[PDF] from iastate.edu
H Feng, J Zhao… - Work. Paper No. 00-WP, 2000 - card.iastate.edu
Abstract We investigate the value of carbon sequestration in a dynamic model,
demonstrating that it is only a fraction of the value of emission abatement unless the
sequestration is permanent. The magnitude of the fraction increases in the duration of ...
Cited by 9 - Related articles - View as HTML - All 14 versions

[PDF] The role of information in technology adoption under poverty

[PDF] from unu.edu
J Zhao - United Nations University Research Paper, 2005 - wider.unu.edu
Abstract An important channel through which globalization affects poverty is introducing new
technologies to developing countries. Adoption of new technologies can be hindered by
uncertainties about their efficiency. This paper studies the role of information exchange ...
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The long-run effects of environmental reform in open economies

[PDF] from escholarship.org
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L Karp, J Zhao… - Journal of Environmental Economics and …, 2003 - Elsevier
We compare the short-and long-run effects of environmental reform and harmonization
under autarky and free trade. When trade is driven by environmental distortions rather than
real relative advantages, harmonization of environmental policies, even if achieved by ...
Cited by 8 - Related articles - Library Search - BL Direct - All 23 versions

Switching to perennial energy crops under uncertainty and costly reversibility

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F Song, J Zhao… - American Journal of …, 2011 - ajae.oxfordjournals.org
Abstract We study a farmer's decision to convert traditional cropland into land for growing
dedicated energy crops, taking into account sunk conversion costs and uncertainties in crop
returns. The optimal decision rules differ significantly from the expected net present value ...
Cited by 7 - Related articles - All 16 versions

Policy persistence in environmental regulation

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J Zhao… - Resource and energy economics, 2003 - Elsevier
We study the optimal emission standards under uncertain pollution damages and
transaction costs associated with policy changes in a dynamic setting. We consider three
alternative forms of transactions costs and show that they can lead to different kinds of ...
Cited by 7 - Related articles - Library Search - All 22 versions

[CITATION] HAP: A computer assisted hinterland division system: Its development and application

W De… - City Planning Review, 2000
Cited by 7 - Related articles

Optimal use of correlated information in mechanism design when full surplus extraction may be impossible

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S Bose… - Journal of Economic Theory, 2007 - Elsevier
We study the mechanism design problem when the principal can condition the agent's
transfers on the realization of ex post signals that are correlated with the agent's types.
Crémer and McLean [Econometrica 53 (1985) 345–361; 56 (1988) 1247–1257], McAfee ...
Cited by 6 - Related articles - All 21 versions

Real Options and the WTP/WTA Disparity

[PDF] from iastate.edu
J Zhao… - 1999 - papers.ssrn.com
Abstract: We present a real options model of an agent's decision to purchase or sell a good
under conditions of uncertainty, irreversibility, and learning over time. Her WTP and WTA
contain both the intrinsic value of the good and an option value associated with delaying ...
Cited by 6 - Related articles - All 13 versions

Value of agricultural non-point source pollution measurement technology: assessment from a policy perspective

Full text - MIT Libraries
LA Kurkalova, CL Kling… - Applied Economics, 2004 - Taylor & Francis
The development of accurate non-point source pollution assessment technologies allows
the implementation of more efficient policies than can be undertaken in their absence. This
study estimates the value of accurate measurement technology by estimating the gains ...
Cited by 8 - Related articles - BL Direct - All 11 versions

[BOOK] The dynamic formation of willingness to pay: an empirical specification and test

[PDF] from iastate.edu
JR Corrigan, CL Kling, J Zhao… - 2003 - econ.iastate.edu
Abstract In a static setting, willingness to pay for an environmental improvement is equal to
compensating variation. However, in a dynamic setting characterized by uncertainty,
irreversibility, and the potential for learning, willingness to pay may also contain an option ...
Cited by 6 - Related articles - View as HTML - Get it from MIT Libraries - Library Search - All 20 versions

Fixed costs, efficient resource management, and conservation

[PDF] from msu.edu
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J Zhao… - American Journal of Agricultural …, 2001 - ajae.oxfordjournals.org
Abstract This article develops a framework to analyze the impacts on resource development
of efficient management practices that account for possible resource conserving
technological changes. Compared with the traditional management practice ignoring ...
Cited by 5 - Related articles - BL Direct - All 11 versions

[PDF] Incomplete information aggregation games

[PDF] from iastate.edu
GC Rausser, LK Simon… - 2003 - econ.iastate.edu
ABSTRACT. This paper concerns a class of collective decision-making problems under
incomplete information. Members of a group receive private signals and the group must take
a collective decision—eg, make a group purchase—based on the aggregate of members' ...
Cited by 4 - Related articles - View as HTML - All 4 versions

[BOOK] The uncertain benefits of environmental reform in open economies

[PDF] from psu.edu
L Karp, J Zhao, S Sacheti… - 1997 - Citeseer
Environmental reforms which in a closed economy would benefit the environment and
increase welfare, may have the opposite effect in the presence of international trade. These
unintended consequences are likely where the reforming country begins with a higher ...
Cited by 4 - Related articles - View as HTML - Get it from MIT Libraries - Library Search - All 10 versions

[CITATION] Modeling money-back guarantees as financial options

Full text - MIT Libraries
A Heiman, B McWilliams, J Zhao… - Journal of Retailing, 2002
Cited by 4 - Related articles

Environmental Remedies: An Incomplete Information Aggregation Game

[PDF] from escholarship.org
G Rausser, L Simon… - 2000 - papers.ssrn.com
Abstract: The burden of resolving an environmental problem is typically shared among
several responsible parties. To clarify the nature and extent of the problem, these parties
must provide information to the regulator. Based on this information, the regulator will ...
Cited by 4 - Related articles - All 13 versions

Alternative green payment policies when multiple benefits matter

J Zhao, LA Kurkalova… - Agricultural and Resource …, 2004 - ideas.repec.org
This study investigates the environmental impacts of several forms of policies that offer
farmers subsides in return for the adoption of conservation tillage. The policies differ as to
whether the tillage practice or one of several environmental benefits is targeted. We ...
Cited by 5 - Related articles - Cached - Get it from MIT Libraries - BL Direct - All 8 versions

[BOOK] Willingness-to-pay, Compensating Variation, and the Cost of Commitment

[PDF] from iastate.edu
J Zhao… - 2000 - card.iastate.edu
Abstract We present a dynamic model of an agent's decision to purchase or sell a good
under conditions of uncertainty, irreversibility, and learning over time. Her WTP contains
both the intrinsic value of the good and a commitment cost associated with delaying the ...
Cited by 4 - Related articles - View as HTML - Get it from MIT Libraries - Library Search - All 11 versions

[PDF] Incomplete Information and Strategic Learning in Technology Adoption and Diffusion

[PDF] from berkeley.edu
J Zhao - 2005 - areweb.berkeley.edu
Abstract We study an incomplete information dynamic game of a finite number of agents
adopting a new technology with pure information externalities. Each agent has private
information about his idiosyncratic adoption cost, but shares the same public information ...
Cited by 4 - Related articles - View as HTML - All 6 versions

[CITATION] Information externalities and strategic delay in technology adoption and diffusion

J Zhao - Staff General Research Papers, 2003 - econpapers.repec.org
... EconPapers has moved to http://EconPapers.repec.org! Please update your bookmarks.
Information Externalities and Strategic Delay in Technology Adoption and Diffusion. Jinhua Zhao (). ...
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[PDF] Pollution abatement investment when firms lobby against environmental regulation

[PDF] from feem.it
YH Farzin… - Working Papers, 2003 - feem.it
Summary In this paper, we study a firm's optimal lobby behavior and its effect on investment
in pollution abatement capital. We develop a dynamic framework where a representative
firm can invest in both abatement and lobby capital in response to a possible future ...
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International Environmental Agreements: Emissions trade, safety valves and escape clauses

[PDF] from escholarship.org
L Karp… - Revue économique, 2010 - cairn.info
Résumé We explain how the structure of multi-national or multi-regional environmental
agreements affect their chance of success. Trade in emissions permits has ambiguous and
in some cases surprising effects on both the equilibrium level of abatement, and on the ...
Cited by 3 - Related articles - Get it from MIT Libraries - All 19 versions

[CITATION] The Study on Pre-competition Competitive Cognitive Trait Anxiety about Outstanding Female Pole-vaulter in Our Country [J]

G Jian, J Fan… - Journal of Shenyang Institute of Physical …, 2003 - en.cnki.com.cn
By using the method about measure of sport psychology and sport training practice in this
study on outstanding women pole-vaulters to investigate the relationship between pre-
competition competitive cognitive trait anxiety and competition performance. The close ...
Cited by 3 - Related articles - Cached

[CITATION] RESEARCH AND THE DEVELOPMENT OF UPGRADED URBAN SYSTEM ANALYSIS PACKAGE USAP [J]

D WANG… - City Planning Review, 2002 - en.cnki.com.cn
Urban system analysis package USAP is upgraded software of HAP2 5 developed in 1999.
New package includes urban hinterland area diving function, influence intensity of upper-
city analysis function, relative potential surface function, and urban system network ...
Cited by 3 - Related articles - Cached

[BOOK] Towards Implementing Carbon Markets in Agriculture

[PDF] from iastate.edu
H Feng, J Zhao… - 2000 - econ.iastate.edu
Iowa State University does not discriminate on the basis of race, color, age, religion, national
origin, sexual orientation, sex, marital status, disability, or status as a Us Vietnam Era
Veteran. Any persons having inquiries concerning this may contact the Director of ...
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A Dynamic Explanation of the Willingness to Pay and Willingness to Accept Disparity

[PDF] from msu.edu
CL Kling, JA List… - 2010 - nber.org
Evidence from laboratory experiments suggests that important disparities exist between
willingness to pay (WTP) and compensation demanded for the same good. This study
advances, and experimentally tests, a new explanation of the WTP/WTA disparity—a ...
Cited by 2 - Related articles - Library Search - All 9 versions

Welfare Measures when Agents can Learn: A Unifying Theory*

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J Zhao… - The Economic Journal, 2009 - Wiley Online Library
We thank seminar participants at the 2004 ASSA Annual Meetings in San Diego, two
anonymous referees, and Leonardo Felli (the editor) for their helpful comments. We are
responsible for all remaining errors and omissions.
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Environmental Valuation Under Dynamic Consumer Behavior

[PDF] from washington.edu
J Zhao… - 2002 - books.google.com
Ever since the publication of Hammack and Brown (1974), economists have documented
significant divergences between willingness to pay (WTP) and willingness to accept (WTA)
measures of welfare in valuing environmental goods. While the divergence observed in ...
Cited by 2 - Related articles - All 18 versions

RURAL LABOR MIGRATION: Migrant Network, Information, and Hysteresis

J Zhao - 2004 Annual meeting, August 1-4, Denver, CO, 2004 - ideas.repec.org
We investigate a rural household's decision to migrate part or all of its labor to urban areas.
Labor migrates only when the expected return passes a hurdle rate that is affected by
migration networks. We develop a dynamic model of incomplete information, and ...
Cited by 2 - Related articles - Cached - All 6 versions

[CITATION] Endogenous Investment, Restoration, and Nature of Irreversibility,"

J Zhao… - AAEA Annual Meeting, Indianapolis, Department of …, 1995
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[PDF] Alternative Land Use Policies: Real Options with Costly Reversibility

[PDF] from umn.edu
F Song, J Zhao… - 2010 Annual Meeting, July …, 2010 - ageconsearch.umn.edu
Abstract This paper adopts a real options framework to evaluate the cost-effectiveness of
four types of subsidies that aim to encourage a socially desirable land use under return
uncertainties and costly reversibility of land use change. We first present a land ...
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[PDF] Alternative green payment policies under heterogeneity when multiple benefits matter

[PDF] from psu.edu
J Zhao, CL Kling… - US Department of Agriculture (USDA), 2003 - Citeseer
Abstract We investigate the environmental impacts of several forms of policies that offer
farmers subsides in return for adoption of conservation tillage. The policies differ on whether
the tillage practice or one of the environmental benefits is targeted. We develop an ...
Cited by 2 - Related articles - View as HTML - Library Search - All 16 versions

Automatic data for applied railway management: passenger demand, service quality measurement, and tactical planning on the London Overground Network

[PDF] from 18.7.29.232
NHM Wilson, J Zhao, MS Frumin - 2010 - 18.7.29.232
The broad goal of this thesis is to demonstrate the potential positive impacts of applying
automatic data to the management and tactical planning of a modern urban railway. Tactical
planning is taken here to mean the set of transport-specific analysis and decisions ...
Cited by 2 - Related articles - Library Search - All 3 versions

[CITATION] Irreversibility, Uncertainty and Learning in Land Preservation Decisions

S Marwah… - Proceedings of the International Conference on Risk …, 2002
Cited by 2 - Related articles - All 2 versions

[CITATION] Commitment Cost and the Basic Independence Assumption: Evidence from the Field

C Kling, J List… - 2002 - Working paper, Iowa State University
Cited by 2 - Related articles

[BOOK] Institutions and the Value of Nonpoint Source Measurement Technology: Carbon Sequestration in Agricultural Soils

[PDF] from iastate.edu
LA Kurkalova, CL Kling, J Zhao… - 2003 - card.iastate.edu
Abstract The development of technologies for accurate field-scale carbon assessment
allows the implementation of more efficient policies than can be implemented in their
absence. We estimate the value of accurate measurement technology by estimating the ...
Cited by 1 - Related articles - View as HTML - Get it from MIT Libraries - Library Search - All 19 versions

Green Subsidies in Agriculture: Estimating the Adoption Costs of Conservation Tillage from Observed Behavior (Revised)

LA Kurkalova, CL Kling… - 2003 - ideas.repec.org
Because of payoff uncertainties combined with risk aversion and/or real options, farmers
may demand a premium in order to adopt conservation tillage practices, over and above the
compensation for the expected profit losses (if any). We propose a method of directly ...
Cited by 1 - Related articles - Cached - All 4 versions

[PDF] A Proposal to Reform the Kyoto Protocol: the Role of Escape Clauses and Farsight

[PDF] from nber.org
L Karp… - 2007 - nber.org
Abstract A reform to the Kyoto Protocol that allows signatories to pay a fine instead of
meeting the target level of abatement would achieve three goals. First, it would defuse one
US objection to the agreement: the concern that the cost of achieving the target might turn ...
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[PDF] Welfare Measures When Consumers Can Learn: A Unifying Theory

[PDF] from iastate.edu
CL Kling… - 2007 - econ.iastate.edu
Abstract We extend Graham (1981, AER, 715-725)'s welfare analysis under uncertainty to a
dynamic environment where the agent can delay and obtain information to reduce the
uncertainty. Our analysis yields a dynamic willingness to pay (WTP) locus that unifies the ...
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Rational exaggeration in information aggregation games

[PDF] from escholarship.org
GC Rausser, LK Simon… - Department of Agricultural & …, 2008 - papers.ssrn.com
Abstract: This paper studies a class of information aggregation models which we call"
aggregation games." It departs from the related literature in two main respects: information is
aggregated by averaging rather than majority rule, and each player selects from a ...
Cited by 1 - Related articles - All 16 versions

[PDF] Double Irreversibilities and Endogenous Learning in Land Conversion Decisions

[PDF] from msu.edu
S Marwah… - 2006 - msu.edu
Abstract We show the effects of uncertainty, ecological and economic irreversibility, and
endogenous learning on land preservation decisions for species conservation. We compare
the optimal decisions of three types of decision makers: an experimenting decision maker ...
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Preference accommodating and preference shaping: incorporating traveler preferences into transportation planning

[PDF] from 18.7.29.232
J Ferreira Jr, J Zhao - 2009 - 18.7.29.232
This dissertation examines the psychological factors that influence travel behavior such as
people's personality traits, environmental attitudes, car pride and perceptions of
convenience and comfort. Despite the recognition of the importance of these ...
Cited by 1 - Related articles - Library Search - All 5 versions

[PDF] Health and Precautionary Savings in the Pollution-Growth Nexus

[PDF] from sufe.edu.cn
M Wang, J Zhao… - 2010 - se.sufe.edu.cn
Abstract This paper studies a model in which pollution by firms raises the risk of poor oldage
health in agents. The health risk is converted into consumption risk inducing a precautionary
saving response. The model generates a pollution-growth-health nexus in which pollution ...
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[CITATION] Notes on Irreversibility, Sustainability and the Limits to Growth

CA Fisher… - Economic Theory for the Environment. Essays in …, 2002
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[PDF] EU-California Environmental Agreements: The Role of Trade in Emissions Permits and Escape Clauses

[PDF] from escholarship.org
L Karp… - 2008 - escholarship.org
Abstract Game theory helps to explain the relation between the structure of multi-national or
multi-regional environmental agreements and the success of those agreements. Trade in
emissions permits has ambiguous and in some cases surprising effects on both the ...
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[PDF] Suggestions for the Road to Copenhagen

[PDF] from escholarship.org
L Karp… - 2009 - escholarship.org
Abstract: We provide a unified discussion of the issues that confront negotiators of the next
international climate agreement. We offer a novel proposal that entitles countries to
discharge their treaty obligations by paying a “fine”. This escape clause provides cost ...
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Comparison Analysis on Different Seabuckthorn Varieties Growing in Dingxi County

Z Jinchang, Z Jinhua… - The Global Seabuckthorn …, 2004 - en.cnki.com.cn
Seven different seabuckthorn varieties were introduced for test in Dingxi County, Gansu
Provice. The seedlings were planted in order to observe their survival rate, preserving rate
as well as growing status. The preliminary analysis of adaptability was conducted for ...
Cited by 1 - Related articles - Cached

Effective Indexes and Evaluation Model for Assessment of Elite Chinese Women Pole Vault Athletes' Special Ability [J]

J ZHAO… - Journal of Shenyang Sport University, 2009 - en.cnki.com.cn
The subjects examined in this paper were the 16 elite Chinese women pole vault. The
indexes could effectively reflect the elite Chinese women pole vault athletes's pecial ability
were selected by method of investigation, measurement, cluster analysis, step regression ...
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The dynamic effects of trade liberalization and environmental policy harmonization

L Karp… - Handbook of International Trade, 2004 - Wiley Online Library
We study a general equilibrium model in which trade is driven by institutional differences
(differences in environmental distortions) and differing factor endowments (differences in
production-related environmental stocks). The endogenous evolution of environmental ...
Related articles - All 6 versions

[PDF] Regional and International Environmental Agreements: Emissions trade, safety valves and escape clauses

[PDF] from kuleuven.be
L Karp… - 2009 - ghum.kuleuven.be
Abstract We explain how the structure of multi-national or multi-regional environmental
agreements affect their chance of success. Trade in emissions permits has ambiguous and
in some cases surprising effects on both the equilibrium level of abatement, and on the ...
Related articles - View as HTML - All 7 versions

Dynamic Willingness to Pay: An Empirical Specification and Test

JR Corrigan, CL Kling… - Staff General Research Papers, 2003 - ideas.repec.org
In a static setting, willingness to pay for an environmental improvement is equal to
compensating variation. However, in a dynamic setting characterized by uncertainty,
irreversibility, and the potential for learning, willingness to pay may also contain an option ...
Cached - All 4 versions

Information Asymmetries, Uncertainties, and Cleanup Delays at Superfund Sites

GCRLK Simon, GC Rausser… - 1997 - feem.it
Abstract Superfund cleanup has been extremely slow. Traditional analysis has centred
around reducing the heavy negotiation and litigation to expedite the cleanup process. This
paper investigates other factors which provide possible incentives for the PRPs to delay ...
Related articles - Cached - All 3 versions

[PDF] A SEASONAL AUTOREGRESSIVE MODEL OF VANCOUVER BICYCLE TRAFFIC USING WEATHER VARIABLES

[PDF] from gallopforever.com
C TSE… - gallopforever.com
ABSTRACT This paper uses hourly bicycle counts and weather data that are continuous and
year-round to model bicycle traffic in Vancouver, Canada. The study uses seasonal
autoregressive integrated moving average (ARIMA) analysis to account for complex serial ...
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Modeling Money-Back Guarantees As Financial Options

J Zhao, D Zilberman, A Heiman… - Staff General Research …, 2002 - ideas.repec.org
In this article, we model money-back guarantees (MBGs) as put options. This use of option
theory provides retailers with a framework to optimize the price and the return option
independently and under various market conditions. This separation of product price and ...
Cached - All 4 versions

Customer loyalty in the public transportation context

[PDF] from mit.edu
J Zhao, NHM Wilson, VVN Webb - 2010 - dspace.mit.edu
Public transportation agencies, much like other service industries, have a constant churn of
their customer base. New customers are entering and current customers are defecting every
day. Traditionally, efforts to increase this customer base have focused on attracting more ...
Related articles - All 2 versions

[PDF] Information Externalities and Strategic Delay

[PDF] from ccer.edu.cn
J Zhao - 2002 - old.ccer.edu.cn
Abstract We study an infinite period incomplete information dynamic game of a finite number
of agents adopting a new technology with pure information externalities. Each agent has
private information about his idiosyncratic adoption cost, but share the same public ...
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[PDF] Uncertainty, Irreversibility, and Water Project Assessment

[PDF] from siu.edu
J Zhao - Journal of Contemporary Water Research and …, 2011 - opensiuc.lib.siu.edu
Most structural and some nonstructural water projects require significant sunk costs and lead
to uncertain economic and ecological outcomes. For instance, building irrigation or flood
control dam requires sizable sunk cost, an investment that is difficult to recover later. The ...
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New Explanation for the Wtp/Wta Disparity (A)

CL Kling… - Staff General Research Papers, 2001 - ideas.repec.org
We propose a new explanation for the WTP/WTA disparity in experiments and surveys.
Uncertainty, irreversibility and limited learning opportunities can generate commitment costs,
driving a wedge between WTP and WTA. We present experimental evidence that supports ...
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[CITATION] Green Subsidies in Agriculture: Estimating the Adoption Costs of Conservation Tillage from Observed Behavior

CL Kling, LA Kurkalova… - Staff General Research …, 2006 - econpapers.repec.org
Related works: Journal Article: Green Subsidies in Agriculture: Estimating the Adoption Costs
of Conservation Tillage from Observed Behavior (2006) This item may be available elsewhere
in EconPapers: Search for items with the same title. ... This site is part of RePEc and all ...
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[CITATION] Information Asymmetries, Uncertainties, and Cleanup Delays at Superfund Sites Gordon C. Rausser and Leo K. Simon Department of Agricultural and …

J Zhao - The economics of hazardous waste and contaminated …, 2008 - Edward Elgar Pub
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Assessing the impact of recent fare policy changes on public transport demand in London

NHM Wilson, J Zhao, N Jain - 2011 - dspace.mit.edu
Public transit agencies across the world have been moving towards electronic ticketing
technology and to take advantage of the greater flexibility, have made changes in fare
structure. Over the last decade, Transport for London has implemented the Oyster smart ...
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[CITATION] Essays on natural resource development, international trade, and the environment

J Zhao - 1997 - en.scientificcommons.org
Publikationsansicht. 6272160. Essays on natural resource development, international trade,
and the environment / (1997). Zhao, Jinhua. Abstract. Thesis (Ph. D.)--University of California,
Berkeley.. Includes abstract and vita.. Includes bibliographical references.. Photocopy. ...
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[CITATION] The Dynamic Effects of Trade Liberalization and Policy Harmonization

J Zhao… - Staff General Research Papers, 2004 - ideas.repec.org
Paper provided by Iowa State University, Department of Economics in its series Staff General
Research Papers with number 10580. ... No references listed on IDEAS You can help add them
by filling out this form. ... Did you know? IDEAS also computes impact factors for journals ...
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[CITATION] Gradualism or Big Bang? A Dynamic Approach

J Zhao - Staff General Research Papers, 1996 - econpapers.repec.org
... EconPapers has moved to http://EconPapers.repec.org! Please update your bookmarks.
Gradualism or Big Bang? A Dynamic Approach. Jinhua Zhao. ...
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[PDF] Cleanup delays at hazardous waste sites: an incomplete information game

[PDF] from escholarship.org
GC Rausser, LK Simon… - 1999 - escholarship.org
ABSTRACT. This paper studies the incentives facing Potentially Responsible Parties at a
hazardous waste site to promote excessive investigation of the site and thus postpone the
beginning of the remediation phase of the cleanup. We model the problem as an ...
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[PDF] Optimal Use of Correlated Information in Mechanism Design

[PDF] from iastate.edu
S Bose… - 2000 - econ.iastate.edu
Abstract We study the optimal use of information in mechanism design when the mechanism
designer can access a set of signals correlated with the agents's types. Cremer and McLean
(1985, 1988) and Mcafee and Reny (1992) studied this question but under the special ...
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[PDF] Impacts of Livestock Operations: A Gaussian Dispersion Hedonic Approach

[PDF] from umn.edu
T Ran… - 2005 Annual meeting, July 24-27, …, 2005 - ageconsearch.umn.edu
Abstract This paper uses the hedonic price model to estimate the impact of livestock
operations on housing prices. The major innovation of our model is that, by adopting the
Gaussian air dispersion equation from the environmental engineering studies to describe ...
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[PDF] The dynamic effects of trade liberalization and

[PDF] from berkeley.edu
L Karp… - 2002 - are.berkeley.edu
Abstract We study a general equilibrium model in which trade is driven by institutional
differences (differences in environmental distortions) and differing factor endowments
(differences in production-related environmental stocks). The endogenous evolution of ...
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Agricultural Production Under Uncertainty: A Model Of Optimal Intraseasonal Management

Q Weninger… - 2002 Annual meeting, July 28-31, Long …, 2002 - ideas.repec.org
This paper develops a dynamic model of crop production under uncertainty with
intraseasonal input choices. Crop production involves multiple stages, including at least
seeding, post emergence fertilizer/pesticide application and harvesting. If the farmer ...
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[PDF] Information and Poverty in Technology Adoption and Diffusion

[PDF] from ucdavis.edu
J Zhao - 2004 - agecon.ucdavis.edu
Abstract We study an infinite period incomplete information dynamic game of a finite number
of agents adopting a new technology with pure information externalities. Each agent has
private information about his idiosyncratic adoption cost, but share the same public ...
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On the Types of China's Provincial Urbanization Level and Speed and its Influencing Factors since 1990 [J]

J ZHAO, G CAO… - Urban Studies, 2009 - en.cnki.com.cn
This paper classified china's provincial urbanization type according to urbanization level and
speed since 1990. Using provincial panel data from 1990 to 2005, the influencing factors for
provincial urbanization and its disparities between different types are analyzed. The ...
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[PDF] The Role of Health in the Pollution-Growth Nexus

[PDF] from webmeets.com
M Wang, J Zhao… - 2010 - webmeets.com
Abstract This paper studies a model in which pollution by firms raises the risk of poor oldage
health in agents. The health risk is converted into consumption risk inducing a precautionary
saving response. The model generates a pollution-growth-health nexus in which pollution ...
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[PDF] Rural Labor Migration: Migrant Network, Information, and Hysteresis (Preliminary)

[PDF] from umn.edu
J Zhao - 2004 - ageconsearch.umn.edu
Abstract We investigate a rural household's decision to migrate part or all of its labor to
urban areas. Labor migrates only when the expected return passes a hurdle rate that is
affected by migration networks. We develop a dynamic model of incomplete information, ...
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Environmental Regulation Under Policy Persistence

J Zhao… - Staff General Research Papers, 2003 - ideas.repec.org
We study the optimal emission standards under uncertain pollution damages and
transaction costs associated with policy changes in a dynamic setting. We consider three
alternative forms of transactions costs and show that they can lead to different kinds of ...
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[CITATION] Crop Insurance Premiums and Yield Distributions: an Application of Nonparametric Test and Kernel Estimation

J Zhao - 1992

Special Ability Structure and Evaluation Standard of Elite Women Pole Vault Athletes in China

J ZHAO… - Journal of Tianjin University of Sport, 2009 - en.cnki.com.cn
By using the method of investigation, measurement, factor analysis and regression analysis,
the authors discussed the special ability structure and established the evaluation standard of
Chinese elite women pole vault athletes. The results showed that the special ability ...
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[CITATION] PhD Recipients by Institution, 1997

RN Acharya, BT Heninger, MM Goo, H Xiao… - ajae.oxfordjournals.org
... Sandeep Sacheti Bock-Sung Yu Klaas T. Van't Veld University of Florida Matthew J. Warning
Gary H. Wolff Henri Abel-Ratovo University of Kentucky Jinhua Zhao Rebecca Hui-Wen Chung
Noor P. Khan Roger M. Cryan University of California, Charles D. Douglas ...

On the University Spirits of Our Country in the Globalization Context

Z Jinhua - Journal of Nanjing University of Finance and …, 2006 - en.cnki.com.cn
With the development of globalization, the world has been changed and it also has impacted
on the university spirits. University, the mainstay in our society, should exert all the wisdom
of the university person to build up the university spirits such as: critical spirits, compatilble ...
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[PDF] A proposal for the reform of the Kyoto Protocol: escape clauses under cost uncertainty

[PDF] from berkeley.edu
L Karp… - 2006 - elsa.berkeley.edu
Abstract A reform to the Kyoto Protocol that allows signatories to avoid achieving the target
level of abatement upon payment of a fine, would achieve two goals. First, it would defuse
one US objection to the agreement: the concern that the cost of achieving the target might ...
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[CITATION] 2001.“The Subsidy for Adopting Conservation Tillage: Estimation from Observed

LA Kurkalova, CL Kling… - Center for Agricultural and Rural Development, … - Citeseer
... [www.econ.iastate.edu]. Save to List; Add to Collection; Correct Errors; Monitor Changes. by
Lyubov A. Kurkalova , Catherine L. Kling , Jinhua Zhao. ... INPROCEEDINGS{Kurkalova_2001.“
the, author = {Lyubov A. Kurkalova and Catherine L. Kling and Jinhua Zhao}, title = {2001. ...
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Subjective Measure of Car Dependence

Full text - MIT Libraries
J Zhao - Transportation Research Record: Journal of the …, 2011 - Trans Res Board
A subjective measure of car dependence was developed on the basis of people's own
assessment of their reliance on car use. The measure supplements the commonly used
objective measure on the basis of actual car use. Structural equation models (SEMs) were ...
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[CITATION] Department of Agricultural, Food, and Resource Economics

F Song, J Zhao… - 2009
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Royal Economic Society

J Zhao… - The Economic Journal, 2009 - res.org.uk
We extend Graham's (1981) welfare analysis under uncertainty to a dynamic environment
where the agent can delay and obtain information. The dynamic willingness to pay locus
unifies the concepts of option price, dynamic WTP, commitment costs and quasi-option ...
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[PDF] On the Long-Run E ciency of Auctioned vs. Free Permits

[PDF] from iastate.edu
CL Kling… - 1999 - econ.iastate.edu
Abstract When marketable emission permits affect the entry and exit decisions of competitive
firms, all permits should not be distributed free of charge. Depending on the nature of the
pollutant, an optimal share of the permits should be auctioned with others freely ...
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[PDF] Irreversible Abatement Investment Under Cost Uncertainties: Tradable Emission Permits and Emissions Charges

[PDF] from umn.edu
J Zhao - 2000 - ageconsearch.umn.edu
Abstract A major concern with TEPs is that stochastic permit prices may discourage
abatement investment relative to other policies such as a fixed emissions charge. However,
the price uncertainty is fundamentally caused by abatement cost uncertainties, which ...
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