Hedonic model has been widely used in research that examine the impact of flood risk on property price, which further reflect how households form and update their belief of flood risk. This paper examines a question that have been overlooked by …
The Community Rating System (CRS) was established to encourage community to voluntarily conduct higher standard floodplain management. Participating communities are rewarded with flood insurance discounts based on CRS points earned through CRS …
CRS incentivizes investments in risk reduction above NFIP standards using insurance premium discounts. These discounts are subsidized by increasing premiums in non-CRS communities. We examine the distributional impact of this cross-subsidization …
Cattle producers in the Fescue Belt predominantly rely on cool-season grass (CSG) pastures. Supplementing CSGs with warm-season grasses (WSG) can provide economic and environmental benefits. We elicit Tennessee cattle producer willingness-to-adopt …