Recent Publications

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Roundtable presentation at AAEA meetings, Boston, MA
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A large number of Ohio farmers hire machinery operations and other farm related work to be completed by others. This is often due to lack of proper equipment, lack of time or lack of expertise for a particular operation. Many farm business owners do not own equipment for every possible job that they may encounter in the course of operating a farm and may, instead of purchasing the equipment needed, seek out someone with the proper tools necessary to complete the job. This farm work completed by others is often referred to as “custom farm work” or more simply “custom work”. A “custom rate” is...
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This paper provides a review and synthesis of geo-economic models that are used to analyze coastal erosion management and shoreline change. We outline a generic framework for analyzing risk-mitigating and/or recreation-enhancing policy interventions within a dynamic framework, and we review literature that informs the nature and extent of net benefit flows associated with coastal management. Using stated preference analysis, we present new estimates on household preferences for shoreline erosion management, including costs associated with ecological impacts of management. Lastly, we offer...
Growing concerns over climate change and the potential for large damages due to non-linear processes underscore the need for meaningful sustainability assessment of an economy. Economists have developed rigorous approaches to conceptualizing sustainability based on the paradigm of weak sustainability, which relies on extensive substitution among reproducible capital, renewable resources and exhaustible natural resources. In contrast, strong sustainability emphasizes physical limits to this substitution and the importance of maintaining the resilience of normally functioning biophysical...
Unconventional shale gas activity has presented both challenges and opportunities for conservation. The unique nature of horizontal drilling used in shale exploration allows for a reduction in the footprint of shale-related activity in the landscape. However, existing policies regulating shale activity across the Northeast, particularly in Pennsylvania, largely miss an opportunity to encourage such consolidation, which would result in substantial ecosystem conservation. Using satellite land cover data for the years 2006 and 2011 combined with data on shale drilling activity in Pennsylvania,...
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Coastal climate adaptation unites approaches within environmental and resource economics and other disciplines. Sea-level rise, ocean warming and acidification, and increased storminess are press and pulse disturbances that threaten to alter or intensify bio-physical coastal changes. Communities respond in ways that neither maximize total economic value nor apply the appropriate spatial scale of response. We synthesize multiple strains of modeling and empirical work that inform coastal adaptation, focusing on coastline change. North Carolina illustrates broad themes of coastal adaptation,...
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International Regional Science Review, DOI: 10.1177/0160017616642822. Syed Hasan, Alessandra Faggian, H. Allen Klaiber, and Ian Sheldon. Analysis of Taiwanese firms’ total factor productivity distribution shows that, depending on location choice, the impact of agglomeration and selection is heterogeneous across firm types.
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Review of Development Economics, March 2016. Theoretical analysis shows that firms face credit constraints depending on their initial productivity and the cost of the credit. As a result, credit constrained firms may never be able to cross the minimum productivity threshold needed to enter and compete in a foreign market. Empirical analysis using firm level data for five Latin American countries confirms that firms face credit constraints in technology adoption and the extensive margin of trade.
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The “Western Ohio Cropland Values and Cash Rents” study was conducted from February through April in 2016. The study is an opinion based survey used to poll professionals with a knowledge of Ohio’s cropland values and rental rates. Surveyed groups include professional farm managers, rural appraisers, agricultural lenders, OSU Extension educators, and Farm Service Agency personnel. Landowners and farmers are represented, but as a minority of the survey respondents. Ohio cropland values and cash rental rates are projected to decrease in 2016. According to the Ohio Cropland Values and Cash Rents...
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Climate change threatens to alter coastline erosion patterns in space and time and coastal communities adapt to these threats with decentralized shoreline stabilization measures. We model strategic interaction between two neighboring towns, and explore welfare implications of spatial-dynamic feedbacks in the coastal zone. When communities are adjacent, the seaward community loses sand to the landward community through alongshore sediment transport. Strategic interactions create incentives for both communities nourish less, resulting in lower long-run beach width and lower property values in...

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