Bill Provencher

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Recent economic analyses emphasize that designated open-space increases the rents on neighboring residential land, and likewise, the probability of undeveloped land converting to residential uses. This paper addresses a different question: What is the effect of local open space conservation on the rate of growth in the density of existing residential land?(More)
This paper examines the out-of-sample forecasting performance of several random utility models of recreation behavior. The application is salmon fishing on Lake Michigan in 1996 and 1997, with the quality of fishing (as measured by catch rates) better in 1997 than in 1996. The models examined are a standard logit model, two random parameters logit (RPL)(More)
Readers may make verbatim copies of this document for non-commercial purposes by any means, provided that this copyright notice appears on all such copies. Abstract This paper uses hedonic analysis to examine the impact of small dam removal on property values in South-central Wiscosin. Data on residential property sales were obtained for three categories of(More)
Readers may make verbatim copies of this document for non-commercial purposes by any means, provided that this copyright notice appears on all such copies. This paper presents a dynamic principal-agent model of aquatic species invasions in which a manager, concerned about the spread of invasive species across lakes by boaters, sets interseasonal management(More)
This paper presents an economic model of sustainability defined as intergenerational fairness. Assuming that intergenerational fairness is an obligation of each generation, a recursive optimization problem is obtained. The problem has the advantage that uncertainty can readily be incorporated in the model and it can be solved numerically for a wide range of(More)
All rights reserved. Readers may make verbatim copies of this document for non-commercial purposes by any means, provided that this copyright notice appears on all such copies. 1 Accounting for respondent uncertainty to improve willingness-to-pay estimates ABSTRACT In this paper we develop an econometric model of willingness to pay that integrates data on(More)
A comprehensive inventory of ecosystem services across the entire Great Lakes basin is currently lacking and is needed to make informed management decisions. A greater appreciation and understanding of ecosystem services, including both use and non-use services, may have avoided misguided resource management decisions in the past that resulted in negative(More)