807 research outputs found
Green Payments and Dual Policy Goals
No full textJinhua Zhao, and two anonymous reviewers for insightful comments. Valuable guidance from Editor Robert Innes is especially acknowledged. Errors and omissions are the responsibility of the author. This publication is available online on the CARD Web site: www.card.iastate.edu. Permission is granted to reproduce this information with appropriate attribution to the author. Questions or comments about the contents of this paper should be directed to Hongli Feng, 57
Optimal Design of Permit Markets with an Ex Ante Pollution Target
No full textwww.card.iastate.edu Sergey Rabotyagov is a graduate assistant, Hongli Feng is an associate scientist and adjunct assistan
FIGURE 6 in First records of the corinnid genera Allomedmassa Dankittipakul & Singtripop, 2014 and Medmassa Simon, 1887 from China, with the description of a new genus (Araneae: Corinnidae)
No full textFIGURE 6. Allomedmassa matertera sp. nov., female: A. habitus, dorsal view; B. same, ventral view; C. ocular area, dorsal view; D. cephalothorax, frontal view; E. epigyne, ventral view; F. same, cleared in potassium hydroxide; G. vulva, dorsal view. Scale bars: 2 mm (A–B); 1 mm (D); 0.5 mm (C, E–G).Published as part of Jin, Chi, Zhang, Hongli & Zhang, Feng, 2019, First records of the corinnid genera Allomedmassa Dankittipakul & Singtripop, 2014 and Medmassa Simon, 1887 from China, with the description of a new genus (Araneae: Corinnidae), pp. 459-477 in Zootaxa 4585 (3) on page 468, DOI: 10.11646/zootaxa.4585.3.3, http://zenodo.org/record/264019
Alternative intertemporal permit trading regimes with stochastic abatement costs
No full textWe examine the social efficiency of alternative intertemporal permit trading regimes. The role of uncertainty and information asymmetry is discussed. For banking to be welfare improving, uncertainty itself does not matter, while information asymmetry does. Three effects of banking are identified: externality effect, information effect, and total permit effect. In the absence of total permit effect, banking is welfare improving if information effect is positive and dominates the externality effect. The relative efficiency of banking regimes with different intertemporal trading ratios is affected by the slope of the benefit and damage functions and the covariance of the shocks.This is a working paper of an article published as Feng, Hongli, and Jinhua Zhao. "Alternative intertemporal permit trading regimes with stochastic abatement costs." Resource and Energy Economics 28, no. 1 (2006): 24-40. doi:10.1016/j.reseneeco.2005.04.002. Posted with permission.</p
The Dynamics of Carbon Sequestration and Alternative Carbon Accounting, with an Application to the Upper Mississippi River Basin
No full textCarbon sequestration is a temporal process in which carbon is continuously being stored/released over a period of time. Different methods of carbon accounting can be used to account for this temporal nature including annual average carbon, annualized carbon, and ton-year carbon. In this paper, starting by exposing the underlying connections among these methods, we examine how the comparisons of sequestration projects are affected by these methods and the major factors affecting them. We explore the empirical implications on carbon sequestration policies by applying these accounting methods to the Upper Mississippi River Basin, a large and important agriculture area in the US. We found that the differences are significant in terms of the location of land that might be chosen and the distribution of carbon sequestration over the area, although the total amount of carbon sequestered does not differ considerably across programs that use different accounting methods or different values of the major factors.This is a working paper of an article published as Feng, Hongli. "The dynamics of carbon sequestration and alternative carbon accounting, with an application to the upper Mississippi River Basin." Ecological Economics 54, no. 1 (2005): 23-35. doi:10.1016/j.ecolecon.2005.02.003. Posted with permission.</p
The Effects of Crop Insurance Subsidies and Sodsaver on Land-Use Change
No full textIt is well known that insurance market information asymmetry can cause socially excessive cropping of yield-risky land. We show that crop insurance subsidies can cause the same problem absent information failures. Using field-level yield data, we find an inversed U-shaped relationship between crop prices and crop insurance subsidies’ land-use impacts. For seventeen counties in the U.S. Prairie Pothole Region, simulations show that 0.05% to 3.3% (about 2,600 to 157,900 acres) of land under crop insurance would not have been converted from grassland had premium subsidies not existed. Land-use impacts of Sodsaver in the 2014 Farm Act are also quantified.This article is published as Miao, Ruiqing, David A. Hennessy, and Hongli Feng. "The effects of crop insurance subsidies and Sodsaver on land-use change." Journal of Agricultural and Resource Economics 41 (2016): 247-265. doi:10.22004/ag.econ.235189. Posted with permission.</p
Dynamics Simulation of Remotely Operated Vehicle-Fiber Optic Micro Cable System
No full textLi Q, Xu H, Zhang Q, Wang X, Li ZG. Dynamics Simulation of Remotely Operated Vehicle-Fiber Optic Micro Cable System. Presented at the WCICA2008, Chongqing, China
The Farmer and the Rancher
No full textVast, dry, and flat. The Great Plains of the continental US stretch from the foot of the Rockies through to the grasslands by the Mississippi, as far north as Canada and as far south as Texas. Covering 1.3 million square kilometres (a size roughly equivalent to Peru), it is renowned for being an immense expanse of farms and paddocks, with a tree, a creek or a town thrown in for variety every so often.This article is published as David A Hennessy, Hongli Feng, Mike Wimberly, Tong Wang, Adnan Akyüz, Peter Wolter, Larry Janssen. The Farmer and the Rancher. scientia.global (2017). doi: 10.26320/SCIENTIA11 . Posted with permission.</p
Over-perception about Land Use Changes: Assessing Empirical Evidence and Linkage with Decisions and Motivated Beliefs
No full textPerception biases documented in the literature often pertain to subject matters that are difficult to observe or measure such as one’s ability. We study perception biases with respect to a concrete indicator that can be objectively measured: land use changes in a local area. We examine four hypotheses about land use change perceptions and test them with farm survey data complemented by satellite data. We discover systematic biases in farmers’ perceptions about local land use changes that are consistent with motivated beliefs, and also evidence that links perceptions with intended future land conversions. Alternative explanations and policy implications are discussed.JEL Classifications: Q1, Q5, D91This working paper is published as Feng, Hongli, Tong Wang, David A. Hennessy, and Gaurav Arora. "Over-perception about land use changes: Assessing empirical evidence and linkage with decisions and motivated beliefs." Land Economics 98, no. 2 (2022): 254-273. doi:https://doi.org/10.3368/le.98.2.040920-0052R
Will adoption occur if a practice is win-win for profit and the environment? An application to a rancher’s grazing practice choices
No full textRotational grazing has the potential to provide both economic and environmental benefits; however, the set of ranchers that adopts is much smaller than the set that regards rotational grazing as a win-win practice. To investigate this adoption gap and learn about adoption decisions and motivations, we survey 874 ranchers on the U.S. Great Plains. We find that a large proportion of surveyed ranchers who view rotational grazing as win-win for both profit and the environment do not adopt the practice. We also find that win-win non-adopters are a constrained group for most potential challenges to rotational grazing adoption, especially for high initial costs, water resource limitations, and ranch conditions. Some of these impediments could be relieved by capital to which, however, win-win non-adopters have limited access. Win-win nonadopters are more likely to adopt rotational grazing than others when a one-time subsidy is offered, suggesting that win-win non-adopters hold promise as a target group for subsidies to reduce the cost of adoption. Our analysis shows the importance of understanding the specifics of an adoption gap when making and implementing policies.JEL Codes: D91, Q16, Q18, Q57This is a manuscript of an article published as Che, Yuyuan, Hongli Feng, and David A. Hennessy. "Will adoption occur if a practice is win-win for profit and the environment? An application to a rancher's grazing practice choices." Ecological Economics 209 (2023): 107826. doi:10.1016/j.ecolecon.2023.107826
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