I remind myself that for such huge numbers of women to be able to pick up and transport themselves to DC or Boston or New York is a relatively new phenomenon, and one born of a certain level of affluence. It is a marvelous thing that many of us now inhabit a world where we can do...
This is a short journal article, but the message is profound—and deeply underappreciated. It is about the role of technology. To understand the growth of capitalism in the 17th and 18th centuries, you must understand navies. To be a successful navy, you need to have good ships—obviously e...
What is scarcity rent? What is a land resource in economics? What is food scarcity? What does the term? 'marginal' mean in? economics? What is energy scarcity? Which type of resource is not an economic factor of production? What does physical capital mean in economics?
The American conversation about high-speed rail has an internal debate that greatly bothers me, about whether investments should be incremental or not. An interview with the author of a new book about the Northeast Corridor reminded me of this; this is n
Bays and gulfs are part of seas and oceans. Bays, gulfs, and seas are all marginal water bodies. This means that a part of the water feature is bounded by a land mass or another barrier. A sea is an area of open water that is partially bounded by a land barrier while a gulf is ...
Understandtheeconomicforcesthatformlandvalues andestablishobservedpatternsoflanduse 2-7 Endowmentofnaturalresources Economicrentisnetreturnorquantified summaryofproductivepotential Module2-Review Explainwhylandreceivestheresidual revenueafterotherfactorsarepaid ...
land usepolicy simulationsRotemberg's (1982) price adjustment costs framework is a popular sticky price specification; yet, the data provides little information on the magnitude of those costs. This article finds a plausible range of parameterizations for those price adjustment costs. Our results show...
McCarl,A Bruce,Schneider,... - 《Review of Agricultural Economics》 被引量: 215发表: 2000年 How costly is mitigation of non-CO2 greenhouse gas emissions from agriculture?: A meta-analysis This text reviews the assessments of marginal abatement costs of methane and nitrous oxide emissions from ...
Marginal land is low in value. Sometimes called "degraded," "idle," or "surplus" land, it is marked by its inability to produce crops of any kind or otherwise yield a profit. More specifically, crops produced on marginal land would be worth less than the cost of renting it. Marginal la...
A key point to understand is that a tariff affects the exporting country because consumers in the country that imposed the tariff might shy away from imports due to the price increase. However, if the consumer still chooses the imported product, then the tariff has essentially raised the cost ...