John Tschirhart

Resource Competition among Plants: From Maximizing Individuals to Community Structure (2008)

John Tschirhart

Evidence indicates that natural systems worldwide are threatened by increasing economic activity, suggesting a need for improved understanding of how ecosystems and economies interact. The model of...

Behavior of a Monopoly Offering Interruptible Service

John Tschirhart, Frank Jen

A monopoly offering service to its customers on an interruptible basis has the option of curtailing delivery of this service when available supply falls short of demand. Shortages occur because of...

Club theory: Thirty years later

Todd Sandler, John Tschirhart

This paper presents a self-contained survey of club theory with an emphasis on the contributions of the last fifteen years. Club goods are contrasted with pure public goods, and equilibrium and...

Bank commercial loan fair value practices

John Tschirhart, James O'Brien, Michael Moise, Emily Yang

Recent accounting changes, for the first time, permit the use of fair value in the primary financial statements for held-to-maturity (HTM) bank loans. While the use of fair value has historically...

Club Theory: Thirty Years Later.

Sandler, Todd, Tschirhart, John

This paper presents a self-contained survey of club theory with an emphasis on the contributions of the last fifteen years. Club goods are contrasted with pure public goods, and equilibrium and...

A Market Test for Natural Monopoly in Local Exchange.

Berg, Sanford V, Tschirhart, John

Is the incumbent local exchange carrier (LEC) a natural monopolist? The analysis indicates that the LEC cost function is not supportable: LECs appear to be either nonsustainable natural monopolies or...

The Public Utility Regulatory Policy Act and Regulatory Behavior.

Nowell, Clifford, Tschirhart, John

The 1978 Public Utility Regulatory Policies Act set energy conservation and efficient, equitable electricity rates as national goals. The decision on whether to implement innovative rates to meet...

Ecosystems, externalities, and economies

Thomas Crocker, John Tschirhart

This paper incorporates an ecosystem model into a model of a simple economy. The decisionmaking agents in the ecosystem are individual organisms aggregated to the species level. A species may provide...

Efficient ecosystem services and naturalness in an ecological/economic model

Thomas Eichner, John Tschirhart

In an integrated economic/ecological model, the economy benefits from ecosystem services that include: (1) the consumptive use of a harvested species, (2) the non-consumptive use of popular species,...

Takings, Compensation and Endangered Species Protection on Private Lands.

Innes, Robert, Polasky, Stephen, Tschirhart, John

Preserving endangered species on private land benefits the public, but may confer cost on landowners if property is 'taken.' Government compensation to landowners can offset costs, although the...

Measuring the Impact of Asymmetric Information: An Example from Energy Conservation.

Settle, Chad, Tschirhart, John

Asymmetric information has occupied a central role in theoretical microeconomics for almost two decades, but little has been done to ascertain when it matters in practice. The regulatory problem of...

Non Utility Power, Alternative Regulatory Regimes and Stranded Investment.

Wen, Shiow-Ying, Tschirhart, John

The electric industry is experiencing increasing competition in generation encouraged by non utility generators and regulatory agencies. An electric utility's problem of satisfying stochastic demand...

Entry into the Electric Power Industry.

Tschirhart, John

Entry of new firms into the electric power industry is becoming commonplace. The entrants typically are unregulated firms that compete with regulated electric utilities only in the generation stage...

Ecological Transfers in Non-Human Communities Parallel Economic Markets in a General Equilibrium Ecosystem Model

John Tschirhart

Synopsis: The oft-cited analogies between ecological and economic systems are exploited to develop a many-species model of population dynamics. In economies, markets are the fundamental institutions...

Revenue Sharing as an Incentive in an Agency Problem: An example from the National Football League

Scott E. Atkinson, Linda R. Stanley, John Tschirhart

We consider a professional sports league's use of a well-defined incentive mechanism, revenue sharing, to encourage the desired behavior of teams in the league. The incentive mechanism works by...

Hedonic Prices for a Nondurable Good: The Case of Breakfast Cereals.

Stanley, Linda R, Tschirhart, John

Numerous studies have estimated hedonic price functions for durable goods. In this paper, the authors apply the methodology to breakfast cereals, a nondurable good. They employ maximum likelihood to...

Flexible Modelling of Time to Failure in Risky Careers.

Atkinson, Scott E, Tschirhart, John

Failure time models correcting for heterogeneity are used to explain the length of participation in a risky career. Using data from t he National Football League, the authors first employ a class of...

A Bioeconomic Model of Cattle Stocking on Rangeland Threatened by Invasive Plants and Nitrogen Deposition

David Finnoff, Aaron Strong, John Tschirhart

Across western North America, invasive plant species and elevated levels of nitrogen are threatening the productivity of rangelands. A bioeconomic model of stocking cattle on these rangelands is used...

Linking dynamic economic and ecological general equilibrium models

Finnoff, David, Tschirhart, John

Although ecosystems provide myriad services to economies, only one service is considered in most renewable-resource models. The general equilibrium bioeconomic model introduced here admits a second...

AJAE Appendix: A Bioeconomic Model of Cattle Stocking on Rangeland Threatened by Invasive Plants and Nitrogen Deposition

Finnoff, David, Strong, Aaron, Tschirhart, John

The material contained herein is supplementary to the article named in the title and published in the American Journal of Agricultural Economics.

Protecting an Endangered Species While Harvesting Its Prey in a General Equilibrium Ecosystem Model

David Finnoff, John Tschirhart

Because endangered species are in predator/prey, competitive, and other relationships with many species who share their habitat, efficient conservation requires simultaneously considering the needs...

Protecting Endangered Species in the United States

Shogren,Jason F., Tschirhart,John

This collection of original essays by economists, biologists and political scientists has a common theme: that protecting species at risk while safeguarding social order is a policy challenge that...

Protecting Endangered Species in the United States

Shogren,Jason F., Tschirhart,John

This collection of original essays by economists, biologists and political scientists has a common theme: that protecting species at risk while safeguarding social order is a policy challenge that...

Natural Monopoly Regulation

Berg,Sanford V., Tschirhart,John

Considered the cutting edge of microeconomic theory in the 1970s, natural monopoly research remains an active and fertile field. Policy makers and regulators have begun to implement entry and pricing...

On the Use of 'Adders' by Public Utility Commissions

John Tschirhart

State public utility commissions are developing programs to reduce emissions from electric generation facilities. Programs call for minimizing the total cost of meeting future demands for power,...

Contributions of Neoclassical Economics to Public Utility Analysis

Sanford V. Berg, John Tschirhart

Neoclassical economics, the dominant economics paradigm, has influenced and been influenced by developments in regulated industries. We identify major theoretical and empirical accomplishments,...