Bren School of Environmental Science
University of California
Santa Barbara, CA 93106
NBER Working Papers and Publications
|April 2011||Contracting for Impure Public Goods: Carbon Offsets and Additionality|
with Charles Mason: w16963
Governments contracting with private agents for the provision of an impure public good must contend with agents who would potentially supply the good absent any payments. This additionality problem is centrally important to the use of carbon offsets to mitigate climate change. We analyze optimal contracts for forest carbon, an important offset category. A novel national-scale simulation of the contracts is conducted that uses econometric results derived from micro data. For a 50 million acre increase in forest area, annual government expenditures with optimal contracts are found to be about $4 billion lower compared to costs with a uniform subsidy.
Published: Mason, C.F., and A.J. Plantinga. 201 3 . The Additionality Problem with Offsets: Optimal Contracts for Carbon Sequestration in Forests. Journal of Envi ronmental Economics and Management 66:1 - 14.
|February 2011||The Value of Terroir: Hedonic Estimation of Vineyard Sale Prices|
with Robin Cross, Robert N. Stavins: w16762
We examine the value of terroir, which refers to the special characteristics of a place that impart unique qualities to the wine produced. We do this by conducting a hedonic analysis of vineyard sales in the Willamette Valley of Oregon to ascertain whether site attributes, such as slope, aspect, elevation, and soil types, or designated appellations are more important determinants of price. We find that prices are strongly determined by sub-AVA appellation designations, but not by specific site attributes. These results indicate that the concept of terroir matters economically, although the reality of terroir - as proxied for by locational attributes - is not significant.
Published: AThe Value of Terroir: Hedonic Estimation of Vineyard Sale Prices.@ Journal of Wine Economics, Volume 6, Number 1, 2011, pp. 1-14. With R. Cross and A.J. Plantinga. [A-67] citation courtesy of
|November 2007||What Drives Land-Use Change in the United States? A National Analysis of Landowner Decisions|
with Ruben N. Lubowski, Robert N. Stavins: w13572
Land-use changes involve important economic and environmental effects with implications for international trade, global climate change, wildlife, and other policy issues. We use an econometric model to identify factors driving land-use change in the United States between 1982 and 1997. We quantify the effects of net returns to alternative land uses on private landowners' decisions to allocate land among six major uses, drawing on detailed micro-data on land use and land quality that are comprehensive of the contiguous U.S. This analysis provides the first evidence of the relative historical importance of markets and Federal farm policies affecting land-use changes nationally.
Published: Ruben N. Lubowski & Andrew J. Plantinga & Robert N. Stavins, 2008. "What Drives Land-Use Change in the United States? A National Analysis of Landowner Decisions," Land Economics, University of Wisconsin Press, vol. 84(4), pages 529-550. citation courtesy of