Publications
Facebook-to-Facebook: Online Communication and Economic Cooperation
Communication is often critical for economic cooperation and enhancement of trust. Traditionally, direct face-to-face communication has been found to be more effective than any form of indirect, mediated communication. We study whether this is still the case given that many people routinely use texting and online social media to conduct economic transactions. In our laboratory […]
Read MoreAssessing the potential for food and energy self-sufficiency on the island of Kauai, Hawaii
Food and energy security are major concerns in the Pacific and around the world. They are key planning priorities in Food and energy security are major concerns in the Pacific and around the world. They are key planning priorities in the state of Hawai‘i as well. Approximately 90% of energy and food resources are imported […]
Read MorePayments for Watershed Services as Adaptation to Climate Change: Upstream Conservation and Downstream Aquifer Management
Economically optimal groundwater extraction allocates water over space and time to its highest and best social use. But optimal management of water resources also requires optimal investment in watershed capital, even as the climate is changing. We augment a standard coastal groundwater management model with stock-dependent extraction costs to include recharge-enhancing natural and produced capital […]
Read MoreEnergy, Backstop Endogeneity, and the Optimal Use of Groundwater
To meet the growing demand for freshwater, many regions have increased groundwater pumping in recent years, resulting in declining groundwater levels worldwide. A promising development to address these declines is technical change regarding groundwater substitutes such as desalination and wastewater recycling. However, because these technologies are energy intensive, optimal implementation also depends on future energy […]
Read MoreQuantifying Household Social Resilience: A Place-based Approach in a Rapidly Transforming Community
In an era of ecological degradation, global climate change, demographic shifts and increasing intensity and frequency of natural hazards, the Pacific Islands including the State of Hawai‘i face heightened risk. Human and environmental well-being are tightly coupled; thus, science-based solutions must marry place-based, culturally relevant processes that link disaster preparedness, relief and recovery with resilience […]
Read MoreIntergenerational equity with individual impatience in a model of optimal and sustainable growth
Among the ethical objections to intergenerational impartiality is the violation of consumer sovereignty given that individuals are impatient. We accommodate that concern by distinguishing intra- and inter-generational discounting in an overlapping generations model suitable for analyzing sustainability issues.
Read MorePublication: Optimal groundwater management when recharge is declining: a method for valuing the recharge benefits of watershed conservation
Demand for water will continue to increase as per capita income rises and the population grows, and climate change can exacerbate the problem through changes in precipitation patterns and quantities, evapotranspiration, and land cover—all of which directly or indirectly affect the amount of water that ultimately infiltrates back into groundwater aquifers. We develop a dynamic […]
Read MoreA dynamic approach to PES pricing and finance of interlinked ecosystem services: Watershed conservation and groundwater management
A theory of payment for ecosystem services (PES) pricing consistent with dynamic efficiency and sustainable income requires optimized shadow prices. Since ecosystem services are generally interdependent, this requires joint optimization across multiple resource stocks. We develop such a theory in the context of watershed conservation and groundwater extraction.
Read MoreSpecies Invasion as Catastrophe: The Case of the Brown Tree Snake
This paper develops a two-stage model for the optimal management of a potential invasive species. The arrival of an invasive species is modeled as an irreversible event with an uncertain arrival time. The model is solved in two stages, beginning with the post-invasion stage. Once the arrival occurs, the optimal path of species removal is […]
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