What goes around comes around: Export-enhancing effects of import-tariff reductions
In international trade, transportation requires a round trip for which a transport firm has to commit to shipping capacity that is sufficient to meet the maximum shipping volume. This may cause the “backhaul problem.” Trade theory suggests that, facing the problem, transport firms with market power adjust their freight rates strategically when import tariffs change. As a […]
Read MoreOptimal multi-instrument management of interrelated resources and a groundwater dependent ecosystem
We develop and operationalize an integrated groundwater and watershed management model using data from the Kīholo aquifer on the west coast of Hawai’i Island. Results from a numerical simulation suggest that investment in fencing (passive management) is preferred to invasive species removal (active management) if we are limited to selecting a single conservation tool. However, […]
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