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Welfare Economics of Alternative Renewable Resource Strategies: Forested Wetlands and Agricultural Production [Pehme köide]

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Welfare Economics of Alternative Renewable Resource Strategies: Forested Wetlands and Agricultural ProductionSuurem pilt
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This study, originally published in 1990, seeks to address several important policy questions associated with the ongoing depletion of forested wetlands. First, in the context of Environmental Impact Statements, should the estimated areas of impact of Federal flood-control and drainage projects on wetlands be limited to (minimal) construction impacts, or should they include impacts which occur when such projects cause private landowners to drain and clear their wetland holdings? A second crucial question is whether wetland depletion and conversion to agricultural cropland has been excessive. This title will be of interest to students of Environmental Economics and Policy.

Lists of Tables and Figures
xvi
Acknowledgements xvii
I Introduction: Alternative Renewable Resource Strategies
1(23)
A Generic Overview of the Analysis
3(3)
Forested Wetlands, Agricultural Production, and the Role of Federal Flood-Control Projects
6(9)
Federal Policy Affecting Wetlands
8(2)
Federal Flood Control/Drainage Projects and Wetland Conversion
10(4)
An Alternative View from the Corps of Engineers
14(1)
Previous Analyses of Forested Wetland Conversion
15(2)
Preview of the Thesis
17(2)
Major Conclusions of the Study
19(5)
II Theory of Privately Optimal Resource Use: Market Allocations of Forested Wetlands and Agricultural Production
24(27)
A Dynamic Optimization Model of Forestry and Agricultural Production
25(7)
Solving the Optimization Problem: Necessary Conditions for Land Conversion and Abandonment
32(5)
Modelling the Unobserved Heterogeneity of Land
37(3)
Aggregation of Necessary Conditions for Forested Wetland Conversion
40(4)
Aggregation of Necessary Conditions for Farmland Abandonment
44(3)
A Comprehensive Econometric Model of Forested Wetland Conversion and Agricultural Abandonment
47(4)
III Econometric Analysis of Forested Wetland Conversion and Farmland Abandonment
51(27)
Parameter Estimation of Alternative Specifications
52(9)
Possibilities of Heteroscedasticity and Serial Correlation
54(2)
Econometric Results
56(4)
Testing for Distinct Corps and SCS Effects
60(1)
Selection of the Final Model
61(2)
Implications of the Statistical Analysis
63(2)
The Effects of Major Economic, Hydrologic, and Climatic Factors on Forested Wetland Conversion and Farmland Abandonment
65(13)
Dynamic Simulation Methodology
66(1)
The Impact of Federal Flood-Control and Drainage Projects on the Conversion of Forested Wetlands and the Abandonment of Agricultural Cropland
66(3)
Relative Importance of Economic, Hydrologic, and Climatic Factors
69(3)
The Impacts of Agricultural Product Prices on Conversion and Abandonment
72(2)
Summary Measurements of the Role Played by Federal Projects in Forested Wetland Depletion
74(4)
IV Welfare Analysis of Forested Wetland Depletion
78(26)
A Model of Socially Optimal Wetland Use
78(7)
A Dynamic Social Optimization Model of Forestry and Agricultural Production
79(5)
Internalizing Environmental Externalities: Simulation of the Socially Optimal Rate of Conversion and Abandonment
84(1)
Historical Welfare Analysis of Alternative Forested Wetland Uses, 1935--1984
85(11)
Environmental Benefits of Forested Wetlands
85(3)
Economic Valuation of Environmental Benefits of Forested Wetlands
88(2)
Simulating the Socially Optimal Rate of Conversion and Abandonment, 1935--1984
90(6)
Welfare Analysis of Alternative, Future Forested Wetland Uses, 1985--1999
96(4)
Major Findings of the Welfare Analysis of Forested Wetland Depletion
100(4)
V Summary and Conclusions
104(18)
Alternative Renewable Resource Strategies for Forested Wetlands
106(1)
A Model of Privately Optimal Resource Use
107(1)
Econometric Analysis of Forested Wetland Conversion and Farmland Abandonment
108(1)
The Effects of Major Economic, Hydrologic, and Climatic Factors
109(1)
A Model of Socially Optimal Wetland Use
110(1)
Simulated Socially Optimal Wetland Use, 1935--1984
111(1)
Welfare Analysis of Alternative Future Wetland Uses, 1985--1999
112(2)
Placing the Findings of the Welfare Analysis in Perspective
114(1)
Policy Implications of the Study
114(3)
Suggestions for Further Research
117(4)
Improvements in the Current Model
118(1)
Additional Applications of the Model
119(1)
Extensions of the Methodology to Other Policy Problems
120(1)
A Methodological Overview of the Analysis
121(1)
APPENDICES
122(76)
1 Cropland Acreage Changes, 1949--1969
123(1)
2 Cropland Acreage Changes, 1969--1982
124(1)
3 U.S. Army Corps of Engineers Flood Control Projects, 1929--1984
125(1)
4 Soil Conservation Service Flood Control and Drainage Projects, 1959--1984
126(1)
5 Previous Research on Wetland Conversion In the Lower Mississippi Alluvial Plain
127(16)
6 Data Sources and Variable Construction
143(20)
7 Size Distribution of Farms, 1935 and 1982
163(1)
8 Land Values and the Anticipation of Future Capital Gains
164(2)
9 Static Optimization Model of Forestry and Agricultural Production
166(5)
10 Mutual Exclusivity of Farmland Abandonment and Forest Conversion
171(1)
11 Econometric Model of Forested Wetland Conversion and Agricultural Cropland Abandonment, Normal Distribution of Heterogeneity
172(1)
12 Econometric Model of Forested Wetland Conversion and Agricultural Cropland Abandonment, Uniform Distribution of Heterogeneity
173(1)
13 Study Area of Thirty-Six Interior Counties, Lower Mississippi Alluvial Plain
174(1)
14 Forest and Agricultural Acreage, 1934--1984
175(1)
15 Econometric Estimation Results, Specification L3, County/Parish Intercepts
176(1)
16 Econometric Estimation Results, Specifications U1 through U3, Uniform Distribution of Heterogeneity
177(1)
17 Econometric Estimation Results, Specifications L4 through L7, Lognormal Distribution of Heterogeneity
178(1)
18 Econometric Estimation Results, Specifications N1 through N4, Normal Distribution of Heterogeneity
179(1)
19 Simulated Changes In Area of Forested Wetlands Using Alternative Econometric Specifications, 1935--1984
180(1)
20 Actual and Historically Simulated Area of Forested Wetlands Using Alternative Econometric Specifications, 1935--1984
181(1)
21 Simulated Quinquennial Changes in Area of Forested Wetlands Under Various Scenarios, 1935--1999
182(1)
22 Sensitivity Analysis, Simulated Area of Forested Wetlands Under Various Scenarios, 1935--1999
183(1)
23 Quinquennial Impacts of Federal Flood--Control Projects on Forested Wetland Depletion, 1935--1999
184(1)
24 Taxonomy of Major Wetland Values
185(1)
25 Simulated Socially Optimal Changes In Forested Wetlands, Environmental Benefits - $50 and $200 per Acre, 1935--1984
186(1)
26 Estimated Future Socially Optimal Quinquennial Changes in Forested Wetlands for Alternative Annual Values of Environmental Benefits, 1985--1999
187(1)
27 Simulated Future Changes in Forested Wetlands for Alternative Levels of Future Agricultural Prices
188(1)
28 Distribution of Soybean Production
189(1)
29 Distribution of Cotton Production
190(1)
30 Distribution of Rice Production
191(1)
31 Distribution of Corn Production
192(1)
32 Major Agricultural Crop Acreages and Agricultural Revenue per Acre
193(1)
33 Average Annual Yield of Major Agricultural Crops, 1929--1984
194(1)
34 Average Nominal Prices of Major Crops, 1929---1984
195(1)
35 Average Nominal Production Costs of Major Crops and Average Nominal Conversion Cost, 1929--1984
196(1)
36 Average Nominal Forestry Prices, Volumes, and Yields, 1939--1984
197(1)
Personal Communications 198(5)
References 203
Robert N. Stavins