Measuring natural resource scarcity: Theory and practice

Concern over the implications of natural resource availability for economic well-being has been among the most long-lived policy issues involving economists. Scarcity and Growth by Barnett and Morse has remained the most influential evaluation of these issues. The purpose of this paper is to evaluate the Barnett-Morse methodology. Using the results from comparative static and dynamic models three scarcity indexes are evaluated for their consistency in signaling changes in the availability of natural resources. In addition, the paper reports a reconsideration of the movements in the relative prices of extractive outputs to 1973. This analysis indicates that the empirical evidence alone is not sufficient to arrive at a conclusion as to whether there is increasing scarcity of natural resources.     

Replenishable resource management under uncertainty: A reexamination of the U.S. Northern Fishery

This paper partially extends the replenishable resource management literature to the case of uncertainty. Stochastic resource dynamics are defined, studied and estimated. The results of this study suggest that the misallocation of resources into the northern lobster fishery has been greater than was previously believed. While aggregate stochastic influences are small in the lobster fishery, the dynamics of whales appear to be significantly affected by stochastic influences.     

INFLUENCES ON RESIDENTIAL YARD CARE AND WATER QUALITY: TUALATIN WATERSHED,OREGON1

ABSTRACT: The Tualatin is the first watershed in Oregon to implement the Total Maximum Daily Load provisions of the Clean Water Act to deal with nonpoint source pollution. Local officials cite residential yard care practices as potential contributors to nonpoint source pollution in the basin. Qualitative and quantitative methods, including observation of yard maintenance styles, suggest behaviors potentially harmful to water quality and conservation. Yard maintenance is influenced by the importance of neighborhood appearance and concern for aesthetics. These concerns stimulate residents to water, fertilize, and apply weed control at more frequent intervals than yard care experts recommend. Better understanding of the effects that relations with neighbors and yard maintenance knowledge have on residential yard care practices can help improve water quality.     

ASSETS TO MOVE WATERSHED COUNCILS FROM ASSESSMENT TO ACTION1

ABSTRACT: Oregon watershed council leaders, members, and government supporters are working to improve watershed health. To identify the institutional assets that are most helpful in taking action, we assemble the lessons learned from several synthesis studies. The institutional assets fall into seven categories — leadership, vision, trust, social networks, capital, power, and local and technical knowledge. Scientific knowledge, leadership, vision, and social networks are the assets most widely recognized and available. Power, trust, and capital are challenges that must be met for actions to be successful. Most people affected by watershed council actions can appeal to more powerful interests to get these actions changed. Trust, particularly of scientific recommendations and government, is lacking. This distrust limits opportunities for watershed council actions.     

Expect the best but plan for the worst: Negotiating contracts for remediation services

The risks associated with environmental remediation projects are of concern to engineers, consultants, contractors, owners, and the public. The cost, scheduling, and other uncertainties inherent in performance of construction at sites contaminated by hazardous substances dictate caution with respect to contract terms. Further, the possibility that conditions will be exacerbated by the work, or the public or workers exposed to on-site substances, makes remediation projects of particular concern to those who will be held accountable for the effects and impacts of such substances. This article discusses particularly important contractual issues and suggests approaches for liability allocation and incentives. Practical, effective, realistic approaches to management of environmental remediation are presented, including the form of contract utilized, negotiated terms, attention to contractor selection and management, and the parties' relative economic strength.