Publications [#266789] of Randall Kramer

Papers Published

1. Parks, PJ; Kramer, RA; Heimlich, RE, Simulating cost-effective wetlands reserves: a comparison of positive and normative approaches, Natural Resource Modeling, vol. 9 no. 1 (January, 1995), pp. 81-96, WILEY [doi]
   (last updated on 2023/04/30)

   Abstract:
   A conceptual model of farmer behavior is used to develop analytical expressions for the costs of wetland policies in the US. An empirical study based on the model compares normative and positive cost estimates for accomplishing a specific policy and shows that these two modeling strategies yield very different cost estimates from the same basic data. Because models such as these are frequently used to support budget requests for government programs, the choice of modeling strategy can influence whether program goals can be accomplished with the funds requested. -Authors