Cooperation in the Commons (2006)
Polasky, Stephen, Tarui, Nori, Ellis, Gregory, Mason, Charles
"This paper delineates circumstances in which a first-best cooperative solution can be supported as a subgame perfect equilibrium in a dynamic common property renewable resource game. In a game with...
VALUING URBAN WETLANDS: A REVIEW OF NON-MARKET VALUATION STUDIES (2004)
Wetlands provide a range of valuable ecosystem services from water purification and nutrient retention to recreation and aesthetics. The value of these services is often difficult to quantify and...
ENDANGERED SPECIES CONSERVATION ON PRIVATE LAND (1997)
POLASKY, STEPHEN, DOREMUS, HOLLY, RETTIG, BRUCE
This paper analyzes the effect of alternative institutional arrangements on the conservation of endangered species and economic activity on private land. Because a landowner does not capture the full...
The Conservation Of Biological Diversity: An Economic Framework
Stephen Polasky, Andrew R. Solow
This paper presents a comprehensive economic framework for the conservation of biological diversity. This framework combines a simple model for valuing different sets of species with a decision...
Stephen Polasky, Nori Tarui, Gregory Ellis, Charles Mason
Common property resource, Cooperation, Dynamic game, D62, Q20,
Cooperation in the Commons with Unobservable Actions
Nori Tarui, Charles Mason, Stephen Polasky, Greg Ellis
We model a dynamic common property resource game with unobservable actions and non-linear stock dependent costs. We propose a strategy profile that generates a worst perfect equilibrium in the...
Entry Deterrence in the Commons.
Mason, Charles F, Polasky, Stephen
The authors analyze a common property resource model with a single incumbent firm that faces future potential entry of a rival. The cost of harvest from the resource is a function of the stock size....
Externally validating contingent valuation: an open-space survey and referendum in Corvallis, Oregon
Vossler, Christian A., Kerkvliet, Joe, Polasky, Stephen, Gainutdinova, Olesya
Optimal detection and control strategies for invasive species management
Mehta, Shefali V., Haight, Robert G., Homans, Frances R., Polasky, Stephen, Venette, Robert C.
Renewable resource management with environmental prediction
Christopher Costello, Stephen Polasky, Andrew Solow
Variations in environmental conditions affect renewable resource growth. The ability to predict such variations is improving, providing scope for improved management. We generalize a common...
Strategic Preemption in a Common Property Resource: A Continuous Time Approach
Charles Mason, Stephen Polasky
The threat of future entry affects the exploitation of common property resources in important ways. An incumbent has a strategic incentive to manipulate the resource stock to deter entry or to...
Searching for uncertain benefits and the conservation of biological diversity
Stephen Polasky, Andrew Solow, James Broadus
This paper describes a model under which the maximization of option value leads to a preference for biological diversity arising from potential substitutability among species. Copyright Kluwer...
Advertising with Subjective Horizontal and Vertical Product Differentiation
Victor Tremblay, Stephen Polasky
Horizontal differentiation, persuasive advertising, price competition, vertical product differentiation,
Cooperation in the commons with unobservable actions
Tarui, Nori, Mason, Charles F., Polasky, Stephen, Ellis, Greg
Exploration and Extraction in a Duopoly-Exhaustible Resource Market.
Exploration for an exhaustible natural resource is valuable because it produces information about the resource stock. The author models a duopoly-exhaustible resource industry with imperfect...
The Optimal Number of Firms in the Commons: A Dynamic Approach.
Charles F. Mason, Stephen Polasky
The authors consider a common-property resource sold in imperfectly competitive markets. There is a dynamic externality (current harvests lower future stocks, raising future harvest costs) and a...
Polasky, Stephen, Costello, Christopher, Solow, Andrew, K. G. Mäler, J. R. Vincent
The conservation of biodiversity is a major environmental issue, one that promises to remain at or near the top of the environmental agenda for the foreseeable future. The loss of biodiversity...
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...
Modeling joint production of wildlife and timber
Nalle, Darek J., Montgomery, Claire A., Arthur, Jeffrey L., Polasky, Stephen, Schumaker, Nathan H.
Dynamic environmental policy with strategic firms: prices versus quantities
Moledina, Amyaz A., Coggins, Jay S., Polasky, Stephen, Costello, Christopher
Entry Deterrence In The Commons
Charles F. Manson, Stephen Polasky
In this paper we analyze a model in which initially there is a single firm that harvests from a common property resource. The firm faces potential entry of a rival in the future. The costs of harvest...
Divide And Conquer: On The Profitability Of Forming Independent Rival Divisions
In this paper, a two-stage model is presented in which firms chose market structure in stage one and play a Cournot game in the second stage. In a one-period game, if a single firm is given a choice...
Stephen Polasky, Charles F. Mason
We analyze the welfare effects of horizontal mergers in the context of a Counot oligopoly model in which firms have different marginal costs of production. A merger may allow for a shift from less...
Asymmetric Oligopoly Equilibrium In A Non-renewable Resource Market: Theory And Evidence
I analyze oligopoly equilibrium in a non-renewable resource market where firms can argue their initial resource endowment. I use the model to generate two testable implications. First, given the...
Endangered Species Conservation on Private Land.
Polasky, Stephen, Doremus, Holly, Rettig, Bruce
This paper analyzes the effect of alternative institutional arrangements on the conservation of endangered species and economic activity on private land. Because a landowner does not capture the full...
Optimal harvesting of stochastic spatial resources
Costello, Christopher, Polasky, Stephen
We characterize the optimal harvest of a renewable resource in a generalized stochastic spatially explicit model. Despite the complexity of the model, we are able to obtain sharp analytical results....
A discrete-space urban model with environmental amenities
Tajibaeva, Liaila, Haight, Robert G., Polasky, Stephen
This paper analyzes the effects of providing environmental amenities associated with open space in a discrete-space urban model and characterizes optimal provision of open space across a metropolitan...
Can Conservation and Profits Co-Exist?: The Case of Lion Hunting
Mehta, Shefali V., Polasky, Stephen, Kissui, Bernard M., Rentsch, Dennis, Schmitt, Jennifer, Strauss, Megan
Resource /Energy Economics and Policy,
Optimal Bioeconomic Management Strategies for Prevention and Control of Invasive Alien Species
Mehta, Shefali V., Homans, Frances R., Haight, Robert G., Polasky, Stephen
Paper removed by author. Please see the current version, available online January 8, 2007: Mehta, S.V. et al. Optimal detection and control strategies for invasive species management. Ecological...
Voting on Open Space: An Analysis of the Decision to Hold a Referendum and of Referendum Results
Uwasu, Michinori, Nelson, Erik, Polasky, Stephen
A modified version of this article has been published in the May 2007 issue of the journal Ecological Economics. This paper presents the first comprehensive analysis of municipal-level open space...
ENVIRONMENTAL REGULATION WITH INNOVATION AND LEARNING: RULES VERSUS DISCRETION
We analyze a model of environmental regulation with learning about environmental damages and endogenous choice of emissions abatement technology by a polluting firm. We compare environmental policy...
A DISCRETE SPACE URBAN MODEL WITH ENVIRONMENTAL AMENITIES
Tajibaeva, Liaila, Haight, Robert, Polasky, Stephen
This paper analyzes the effects of providing environmental amenities associated with open space in a discrete space urban model. The discrete space model assumes distinct neighborhoods in which...
Detection Strategies in Invasive Species Management
Mehta, Shefali V., Haight, Robert G., Homans, Frances R., Polasky, Stephen, Venette, Robert C.
Replaced with revised version of paper 08/04/06.
Nelson, Erik, Polasky, Stephen, Lewis, David J., Plantinga, Andrew J., Lonsdorf, Eric, White, Denis, ...
We develop an integrated model to predict private land-use decisions in response to policy incentives designed to increase the provision of carbon sequestration and species conservation across...
Can Conservation and Profits Co-Exist?: The Case of Lion Hunting
Mehta, Shefali V., Polasky, Stephen, Kissui, Bernard M., Rentsch, Dennis, Schmitt, Jennifer, Strauss, Megan
Resource /Energy Economics and Policy,
Evidence on the Amenity Value of Wetlands in a Rural Setting
Bin, Okmyung, Polasky, Stephen
This study uses a hedonic property price method to estimate how wetlands affect residential property values in a rural area. The study utilizes wetland inventory data coupled with extensive property...
ANALYSIS OF A HIGHLY MIGRATORY FISH STOCKS FISHERY: A GAME THEORETIC APPROACH
Naito, Toyokazu, Polasky, Stephen
This paper develops a two-period noncooperative game-theoretic model of a Highly Migratory Fish Stocks (HMFS) fishery. In each period, the fish stock migrates from the Exclusive Economic Zone (EEZ)...
ENDANGERED SPECIES CONSERVATION ON PRIVATE LAND
STEPHEN POLASKY, HOLLY DOREMUS, BRUCE RETTIG
This paper analyzes the effect of alternative institutional arrangements on the conservation of endangered species and economic activity on private land. Because a landowner does not capture the full...
Climate change and health costs of air emissions from biofuels and gasoline
Hill, Jason, Polasky, Stephen, Nelson, Erik, Tilman, David, Huo, Hong, Ludwig, Lindsay, ...
Environmental impacts of energy use can impose large costs on society. We quantify and monetize the life-cycle climate-change and health effects of greenhouse gas (GHG) and fine particulate matter...
Multidimensional evaluation of managed relocation
Richardson, David M., Hellmann, Jessica J., McLachlan, Jason S., Sax, Dov F., Schwartz, Mark W., Gonzalez, Patrick, ...
Managed relocation (MR) has rapidly emerged as a potential intervention strategy in the toolbox of biodiversity management under climate change. Previous authors have suggested that MR (also referred...
Effects of Flood Hazards on Property Values: Evidence Before and After Hurricane Floyd
This study uses a hedonic property price function to estimate the effects of flood hazards on residential property value. Utilizing data from sales of 8,000 single-family residential homes between...
Stephen Polasky, Jeffrey D. Camm, Brian Garber-Yonts
Concerns that the loss of habitat have greatly increased species extinction rates has led to calls for establishing biological reserves to preserve key habitat. In this paper, we study reserve site...
The Efficiency of Voluntary Incentive Policies for Preventing Biodiversity Loss
Lewis, David J., Plantinga, Andrew J., Nelson, Erik, Polasky, Stephen
In this paper we analyze the efficiency of voluntary incentive-based land-use policies for biodiversity conservation. Two factors combine to make it difficult to achieve an efficient result. First,...