If the balance between availability and requirement drives the value, then the economic value of water in agriculture should be remarkably higher in water-scarce regions when compared to water-rich regions. Similarly, in water-abundant regions, if the land is scarce, then the incremental return per unit of land should be higher than that in land-rich region that are water-scarce. These hypothes...

Recreation is one of the ecosystem’s secondary values of a well conserved natural ecosystem, associated with the direct use individuals make of these natural assets. In this paper we define and estimate the total economic recreation value to visitors of a particular natural area, a national park. An on-site individual observation Travel Cost Model, Count Data distributions, and a version of hyp...

Interconnection of IP QoS capabilities between networks releases considerable value. In this paper we show where this value will be realised. We give technical and economic arguments for why QoS will be provided in core and backbone networks as a bulk QoS facility incapable of distinguishing or charging differentially between sessions. While between edge networks a vibrant mix of retail QoS sol...

111 We present a computable general equilibrium model of the interface between the Great Salt Lake (GSL) ecosystem and the regional economy that impacts the ecosystem. With respect to the ecosystem, the model treats the various representative species as net-energy maximizers and bases population dynamics on the period-by-period sizes of surplus net energy. Energy markets-where predators and pre...

This paper analyses the growth of employment in China during the post reform period. It argues that the Chinese experience with export-led growth provides an excellent example of the phenomenon of a vent for surplus productive capacity provided by exports, identified by Adam Smith in the Wealth of Nations and elaborated by Hla Myint. The paper extends the Smith-Myint model of ‘vent-for-surplus’...

The Dynamics of Marriage and Divorce We formulate and estimate a dynamic model of marriage, divorce, and remarriage using 27 years of panel data for the entire Danish cohort born in 1960. The marital surplus is identified from the probability of divorce, and the surplus shares of husbands and wives from their willingness to enter marriage. Education and marriage order are complements in generat...