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Economic Value (economic + value)
Selected AbstractsTHE ECONOMIC VALUE OF ENVIRONMENTAL RESEARCH IN UNDERSTANDING THE RELATIVE CONTRIBUTIONS OF SOURCES OF NUTRIENTS TO COASTAL WATERSNATURAL RESOURCE MODELING, Issue 2 2006DI JIN ABSTRACT. We model the value of environmental research in the presence of uncertainty about thesources of environmental pollutants and natural processes affecting the level of pollution. The model may be used to estimate the value of environmental research directed at resolving the uncertainty. We illustrate the model using a numerical simulation of a hypothetical case involving nutrient pollution of coastal waters. We show that the ex ante value of research is positively related to the level of uncertainty. There is a diminishing return with respect to the level of research investment. We find that research is more valuable ex post if it leads to unexpected findings. [source] Decomposition of Net Final Values: Systemic Value Added and Residual IncomeBULLETIN OF ECONOMIC RESEARCH, Issue 2 2003Carlo Alberto Magni This paper proposes a model aiming at decomposing the Net Final Value of a project under certainty. It makes use of a systemic outlook: the investor's net worth is regarded as a dynamic system whose structure changes over time. On this basis, a profitability index is presented, here named Systemic Value Added (SVA), which lends itself to a periodic decomposition: the periodic shares formally translate the economic concept of residual income (or excess profit). While as an overall index the Systemic Value Added coincides with the Net Final Value (NFV) of an investment, the systemic partition of a SVA is shown to differ from the NFV decomposition model proposed by Peccati (1987, 1991, 1992), which in turn bears a strong resemblance to Stewart's (1991) EVA model. The SVA model and the NFV,based model bear interesting relations: by introducing the concept of a shadow project the SVA model can be re,shaped so that the decomposition of the SVA can be accomplished by applying Peccati's argument to the shadow project, or, which is the same, by computing the shadow project's Economic Value Added. The paper then generalizes the approach allowing for a portfolio of projects, multiple debts and multiple synchronic opportunity costs of capital, for which a tetra,dimensional decomposition is easily obtained. [source] Economic values and party preference in Mexico, Argentina, and the United StatesINTERNATIONAL SOCIAL SCIENCE JOURNAL, Issue 163 2000Carlos Elordi First page of article [source] Preventing the Spread of Invasive Species: Economic Benefits of Intervention Guided by Ecological PredictionsCONSERVATION BIOLOGY, Issue 1 2008REUBEN P. KELLER bioeconomía; economía de las invasiones; invasiones biológicas; Orconectes rusticus; predicciones ecológicas Abstract:,Preventing the invasion of freshwater aquatic species is the surest way to reduce their impacts, but it is also often expensive. Hence, the most efficient prevention programs will rely on accurate predictions of sites most at risk of becoming invaded and concentrate resources at those sites. Using data from Vilas County, Wisconsin (U.S.A.), collected in the 1970s, we constructed a predictive occurrence model for rusty crayfish (Orconectes rusticus) and applied it to an independent data set of 48 Vilas County lakes to predict which of these were most likely to become invaded between 1975 and 2005. We nested this invasion model within an economic framework to determine whether targeted management, derived from our quantitative predictions of likely invasion sites, would increase the economic value of lakes in the independent data set. Although the optimum expenditure on lake protection was high, protecting lakes at this level would have produced net economic benefits of at least $6 million over the last 30 years. We did not attempt to determine the value of nonmarket benefits of protection; thus, our results are likely to underestimate the total benefits from preventing invasions. Our results demonstrate that although few data are available early in an invasion, these data may be sufficient to support targeted, effective, and economically rational management. In addition, our results show that ecological predictions are becoming sufficiently accurate that their application in management can produce net economic benefits. Resumen:,La prevención de la invasión de especies dulceacuícolas es la manera más segura de reducir sus impactos, pero a menudo es costosa. Por lo tanto, los programas de prevención más eficientes dependerán de predicciones precisas de los sitios con mayor riesgo de ser invadidos y concentrarán recursos en esos sitios. Utilizando datos recolectados en los 70s en el Condado Vilas, Wisconsin (E.U.A.), desarrollamos un modelo predictivo de la ocurrencia de Orconectes rusticus y lo aplicamos en un conjunto de datos independientes de 48 lagos en el Condado de Vilas para predecir cuales fueron más susceptibles de ser invadidos entre 1975 y 2005. Anidamos este modelo de invasión en un marco económico para determinar si los objetivos de manejo, derivados de nuestras predicciones cuantitativas de sitios susceptibles a la invasión, incrementarían el valor económico de los lagos del conjunto independiente de datos. Aunque el gasto óptimo para la protección de lagos fue alto, la protección de lagos a este nivel podría haber producido beneficios económicos por un mínimo de $6 millones en los últimos 30 años. No intentamos determinar el valor de los beneficios no comerciables de la protección; por lo tanto, es probable que nuestros resultados subestimen los beneficios totales de la prevención de invasiones. Nuestros resultados demuestran que, aunque se disponga de pocos datos del inicio de una invasión, esos datos pueden ser suficientes para fundamentar acciones de manejo efectivas y económicamente racionales. Adicionalmente, nuestros resultados muestran que las predicciones ecológicas se están volviendo tan precisas que su aplicación en el manejo puede producir beneficios económicos netos. [source] Achieving Integrative, Collaborative Ecosystem ManagementCONSERVATION BIOLOGY, Issue 5 2006HEATHER L. KEOUGH beneficios sociales y ecológicos; gestión; participación pública; toma de decisiones cooperativa Abstract:,Although numerous principles have been identified as being important for successfully integrating social and ecological factors in collaborative management, few authors have illustrated how these principles are used and why they are effective. On the basis of a review of the ecosystem management and collaboration literature, we identified eight factors important for integrative, collaborative ecosystem management,integrated and balanced goals, inclusive public involvement, stakeholder influence, consensus group approach, collaborative stewardship, monitoring and adaptive management, multidisciplinary data, and economic incentives. We examined four cases of successful ecosystem management to illustrate how the factors were incorporated and discuss the role they played in each case's success. The cases illustrate that balancing social and ecosystem sustainability goals is possible. Collaborative efforts resulted in part from factors aimed at making plans economically feasible and from meaningful stakeholder participation in ongoing management. It also required participation in monitoring programs to ensure stakeholder interests were protected and management efforts were focused on agreed-upon goals. Data collection efforts were not all-inclusive and systematic; rather, they addressed the ecological, economic, and social aspects of key issues as they emerged over time. Economic considerations appear to be broader than simply providing economic incentives; stakeholders seem willing to trade some economic value for recreational or environmental benefits. The cases demonstrate that it is not idealistic to believe integrative, collaborative ecosystem management is possible in field applications. Resumen:,Aunque numerosos principios han sido identificados como importantes para la integración exitosa de factores sociales y ecológicos en la gestión cooperativa, pocos autores han ilustrado como son utilizados estos principios y porque son efectivos. Con base en una revisión de la literatura sobre gestión de ecosistemas y colaboración, identificamos cinco factores,metas integradas y balanceadas, inclusive participación pública, influencia de grupos de interés, estrategia de consenso en el grupo, gestión cooperativa, gestión adaptativa y monitoreo, datos multidisciplinarios e incentivos económicos,que son importantes para la gestión integradora y cooperativa de ecosistemas. Examinamos cuatro casos de gestión exitosa de ecosistemas para ilustrar como fueron incorporados los factores y discutimos el papel que jugaron en el éxito de cada caso. Los casos ilustran que el balance de metas de sustentabilidad social y ecológica es posible. En parte, los esfuerzos cooperativos resultaron de factores orientados a hacer que los planes fueran económicamente viables y de la participación significativa de grupos de interés en la gestión en curso. También se requirió la participación en programas de monitoreo para asegurar que los intereses de los grupos fueran protegidos y los esfuerzos de gestión se enfocaran en las metas acordadas. No todos los esfuerzos de recolecta de datos fueron incluyentes y sistemáticos, más bien, eran dirigidos a los aspectos ecológicos, económicos y sociales de temas clave a medida que emergían. Las consideraciones económicas parecen ser más amplias que simplemente proporcionar incentivos económicos, los grupos de interés parecen dispuestos a cambiar algo de valor económico por beneficios recreativos o ambientales. Los casos demuestran que no es idealista pensar que es posible aplicar la gestión integradora y cooperativa de ecosistemas en el campo. [source] Integrated Environmental and Financial Performance Metrics for Investment Analysis and Portfolio ManagementCORPORATE GOVERNANCE, Issue 3 2007Simon Thomas This paper introduces a new measure, based on a study by Trucost and Dr Robert Repetto, combining external environmental costs with established measures of economic value added, and demonstrates how this measure can be incorporated into financial analysis. We propose that external environmental costs are relevant to all investors: universal investors are concerned about the scale of external costs whether or not regulations to internalise them are likely; mainstream investors need to understand external costs as an indication of future regulatory compliance costs; and SRI investors need to evaluate companies on both financial and social performance. The paper illustrates our new measure with data from US electric utilities and illustrates how the environmental exposures of different fund managers and portfolios can be compared. With such measures fund managers can understand and control portfolio-wide environmental risks, demonstrate their environmental credentials quantitatively and objectively and compete for the increasing number of investment mandates that have an environmental component. [source] Tobacco is Going, Going , But Where?CULTURE, AGRICULTURE, FOOD & ENVIRONMENT, Issue 2 2009Donald D. Stull Abstract Tobacco is America's most vilified agricultural product. It is also the eighth most valuable crop in the United States, and its immense economic value and historic depth made it an agricultural cornerstone and a cultural focus in the Upper South. The federal tobacco program limited production and ensured a fair price to growers, helping many small family farms survive at no net cost to the American taxpayer. Kentucky ranks second in tobacco production and is the most tobacco-dependent state. This paper examines what has happened to tobacco farmers in western Kentucky since the federal tobacco program was terminated in 2004 and its broader implications. [source] Antidepressant use in a nationally representative sample of community-dwelling US Latinos with and without depressive and anxiety disorders,DEPRESSION AND ANXIETY, Issue 7 2009Hector M. González Ph.D. Abstract Background: Antidepressant drugs are among the most widely prescribed drugs in the United States; however, little is known about their use among major ethnic minority groups. Method: Collaborative Psychiatric Epidemiology Surveys (CPES) data were analyzed to calculate nationally representative estimates of Latino and non-Latino White adults antidepressant use. Setting: The 48 coterminous United States was the setting. Participants: Household residents aged 18 years and older (N=9,250). Main outcome: Past year antidepressant use. Results: Compared to non-Latino Whites, few Latinos, primarily Mexican Americans, with 12-month depressive and/or anxiety disorders reported past year antidepressant use. Mexican Americans (OR=0.48; 95%CI=0.30,0.77) had significantly lower odds of use compared to non-Latino Whites, which were largely unaffected by factors associated with access to care. Over half of antidepressant use was by respondents not meeting 12-month criteria for depressive or anxiety disorders. Lifetime depressive and anxiety disorders explained another 21% of past year antidepressant use, leaving another 31% of drug use unexplained. Discussion: We found a disparity in antidepressant use for Mexican Americans compared to non-Latino Whites that was not accounted for by differences in need and factors associated with access to care. About one third of antidepressant use was by respondents not meeting criteria for depressive or anxiety disorders. Our findings underscore the importance of disaggregating Latino ethnic groups. Additional work is needed to understand the medical and economic value of antidepressant use beyond their primary clinical targets. Depression and Anxiety, 2009. Published 2009 Wiley-Liss, Inc. [source] Semi-Authoritarian Incorporation and Autocratic Militarism in TurkeyDEVELOPMENT AND CHANGE, Issue 4 2005Tim Jacoby This article argues that, since the early 1980s, there have been two regimes in Turkey. The first, which is broadly akin to Michael Mann's characterization of Semi-Authoritarian Incorporation, has predominated in areas of the country not administered through emergency legislation. In keeping with his model, it has been most fully asserted in areas of key economic value , particularly the Marmara region and the environs of the capital, Ankara. In the thirteen predominantly Kurdish provinces of the south-east of the country, on the other hand, a second of Mann's regime types, Autocratic Militarism, is discernible. This was institutionalized under a new constitutional structure introduced following the 1980 coup as a means of dealing with a rise in pro-Kurdish insurgency. [source] Streamlining ,search and destroy': cost-effective surveillance for invasive species managementECOLOGY LETTERS, Issue 7 2009Cindy E. Hauser Abstract Invasive species surveillance has typically been targeted to where the species is most likely to occur. However, spatially varying environmental characteristics and land uses may affect more than just the probability of occurrence. Biodiversity or economic value, and the ease of detection and control are also likely to vary. We incorporate these factors into a detection and treatment model of a low-density invader to determine the surveillance strategy that minimizes expected management costs. Sites with a high probability of invader occurrence and great benefits associated with detection warrant intensive surveillance; however, the optimum investment is a nonlinear function of these factors. Environments where the invader is relatively easy to detect are prioritized for surveillance, although only a moderate investment is necessary to ensure a high probability of detection. Intensive surveillance effort may be allocated to other sites if the probability of occurrence, budget and/or expected benefits is sufficiently high. [source] Endogenous growth theory: a critiqueECONOMIC AFFAIRS, Issue 3 2000Omar Al-Ubaydli Endogenous growth theory is based on a misperception of how science and technology are acquired and diffused. In particular, it is incorrect to assume that knowledge is freely available. Any knowledge which has economic value has to be accessed via the brains of experts who are members of the relevant ,invisible college' and are rivalrous. It therefore has the characteristics of a private good which can be left to conventional economic incentives to supply. [source] Perspectives of multi-modal contribution of honeybee resources to our lifeENTOMOLOGICAL RESEARCH, Issue 2008Hidehiro HOSHIBA Abstract The European honeybee, Apis mellifera, has been introduced to all continents and their products like honey, propolis, royal jelly and beeswax are well known. However, its contribution is not restricted to such direct products but extends into a much wider area. For example, the economic value of seed production by pollination exceeds the above-mentioned bee products. The application of F1 hybrid is increased to as much as 70% of commercial crops and flowers in Japan and honeybees are important pollinators in the F1 seed production. Incorporation into the large-scale biodiesel fuel production system by culturing rape and sunflower seeds etc. is relied on because it is good to construct possible zero-emission systems that reduce carbon dioxide and increase the rich by-products like honey and royal jelly. Bees' higher brain function and sophisticated social system of the colony opens new perspectives as a model system. Their individual ability to recognize even abstract concepts is comparable to that of higher primates. Rats or mice have no such ability. High performance learning ability of bees associated with proboscis extension reflex can be used to detect drugs at the airport. Function of the colony, on the other hand, is an excellent model for social physiology or a self-organization system. After the whole genome of A. mellifera was read in 2006 by the world consortium, consisting of more than 90 institutions from all over the world, many molecular biologists are coming into bee world. Nobody has yet succeeded in the challenge to make transgenic honeybee, so far, because of the difficulty in controlling the reproductive system headed by the queen. However, if someone succeeded in a breakthrough we will have stingless honeybees and a disease-resistant strain in the future. [source] Comparison of haymaking strategies for cow-calf systems in the Salado Region of Argentina using a simulation model.GRASS & FORAGE SCIENCE, Issue 4 2005Abstract Risk and cost estimates, calculated using a weather-driven farm simulation model, were used to evaluate the impact of different haymaking strategies in dryland cow-calf systems such as those in the Salado region of Argentina. Based on a 100-ha farm, each strategy was simulated using twenty sequences of 50 years of random weather. A risk-efficiency methodology was used, using calf live weight sold and considering the economic value of the live weight produced per year minus the cost of haymaking, as a simple measure of profit. The analysis highlighted both production and risk advantages in using hay, especially when a flexible hay management approach was implemented, although some haymaking strategies performed worse than not using hay. When calf live weight sold was considered alone, the risk-efficient set included strategies with large proportions of the areas being harvested (0.42,1.05; paddocks could be cut more that once a year in some of the strategies) and high proportions of hay not being used. The amount of hay for maximizing risk efficiency for profit was notably lower than that for maximizing cattle production. When haymaking costs were included, the proportion of area harvested for risk-efficient profit ranged from 0.28 to 0.52, depending on the target stocking rate. [source] Glacial Sediment Causing Regional-Scale Elevated Arsenic in Drinking WaterGROUND WATER, Issue 6 2005Melinda L. Erickson In the upper Midwest, USA, elevated arsenic concentrations in public drinking water systems are associated with the lateral extent of northwest provenance late Wisconsin-aged drift. Twelve percent of public water systems located within the footprint of this drift (212 of 1764) exceed 10 ,g/L arsenic, which is the U.S. EPA's drinking water standard. Outside of the footprint, only 2.4% of public water systems (52 of 2182) exceed 10 ,g/L arsenic. Both glacial drift aquifers and shallow bedrock aquifers overlain by northwest provenance late Wisconsin-aged sediment are affected by arsenic contamination. Evidence suggests that the distinct physical characteristics of northwest provenance late Wisconsin-aged drift,its fine-grained matrix and entrained organic carbon that fosters biological activity,cause the geochemical conditions necessary to mobilize arsenic via reductive mechanisms such as reductive desorption and reductive dissolution of metal oxides. This study highlights an important and often unrecognized phenomenon: high-arsenic sediment is not necessary to cause arsenic-impacted ground water,when "impacted" is now defined as >10 ,g/L. This analysis also demonstrates the scientific and economic value of using existing large but imperfect statewide data sets to observe and characterize regional-scale environmental problems. [source] The economic value of technical trading rules: a nonparametric utility-based approachINTERNATIONAL JOURNAL OF FINANCE & ECONOMICS, Issue 1 2005Hans Dewachter Abstract We adapt Brandt's (1999) nonparametric approach to determine the optimal portfolio choice of a risk averse foreign exchange investor who uses moving average trading signals as the information instrument for investment opportunities. Additionally, we assess the economic value of the estimated optimal trading rules based on the investor's preferences. The approach consists of a conditional generalized method of moments (GMM) applied to the conditional Euler optimality conditions. The method presents two main advantages: (i) it avoids ad hoc specifications of statistical models used to explain return predictability; and (ii) it implicitly incorporates all return moments in the investor's expected utility maximization problem. We apply the procedure to different moving average trading rules for the German mark,US dollar exchange rate for the period 1973,2001. We find that technical trading rules are partially recovered and that the estimated optimal trading rules represent a significant economic value for the investor. Copyright © 2005 John Wiley & Sons, Ltd. [source] Heritage attractions and tourism development in Asia: a comparative study of Hong Kong and SingaporeINTERNATIONAL JOURNAL OF TOURISM RESEARCH, Issue 5 2002Joan C. Henderson Abstract The paper compares the principal Asian city destinations of Hong Kong and Singapore with specific reference to heritage attractions and their contribution to tourism development, revealing contrasts and similarities that offer an insight into more general practices and processes. Authorities are actively pursuing tourism marketing and development initiatives incorporating the promotion of selected forms of heritage in order to stimulate visitor arrivals, but also employing heritage to define and articulate national and cultural identity. Heritage is thus shown to have a political and socio-cultural significance in addition to its economic value as a generator of revenue, foreign exchange and employment. These functions help to explain the higher priority allocated to it in strategic planning and its increasing use to attract visitors throughout much of Asia. Contexts may be very different, yet approaches correspond, as demonstrated by the circumstances of Hong Kong and Singapore. Copyright © 2002 John Wiley & Sons, Ltd. [source] Estimating the effectiveness of a rotational irrigation delivery system: A case study from Pakistan,IRRIGATION AND DRAINAGE, Issue 3 2010Noor ul Hassan Zardari warabandi; allocation de l'eau; bassin de l'Indus; Pakistan Abstract In this study, basic principles of the rotational irrigation water delivery system of Pakistan (i.e. the warabandi) and the performance of the warabandi system under current socio-economic conditions have been investigated from a farmers' survey completed from 154 farmers located on five watercourses of the lower Indus River Basin. It is shown that irrigation water allocation based on very limited criteria does not give much incentive to the farmers for improving agricultural income. Also, the survey results suggest that the productivity of limited irrigation water could not be maximized under the warabandi system. We have therefore suggested the basic principles of the warabandi system should be revised by making them suitable for the current socio-economic conditions. We propose that the existence or non-existence of fresh groundwater resources along with other critical variables should be taken into consideration when making canal water allocation decisions. A framework to allow distribution equity and efficiency in water allocations , such as considering the gross area of a tertiary canal, sensitivity of crop growth stage to water shortage, crop value, bias of allocation towards most water use efficient areas, the potential losses from water deficiency, etc. , should be developed as a tool to improve water productivity for Pakistan and for individual farmers. The contribution of groundwater in the farmers' income from agriculture and the economic value of irrigation water have also been estimated. Copyright © 2009 John Wiley & Sons, Ltd. Cette étude analyse les principes de base et la performance du tour d'eau (le warabandi) selon les conditions socio-économiques à partir d'une enquête auprès de 154 agriculteurs situés sur cinq cours d'eau du bassin inférieur de l'Indus. Il est montré que la répartition de l'eau d'irrigation basée sur peu de critères n'incite pas les agriculteurs à améliorer leurs revenus. En outre, les résultats de l'enquête suggèrent que la productivité de l'eau rare ne peut pas être améliorée dans le cadre du système warabandi. Nous avons donc proposé que les principes de base du warabandi soient révisés de façon à les adapter à la situation socio-économique actuelle. Nous proposons que la disponibilité en eaux souterraines ainsi que d'autres variables soient prises en compte dans les décisions d'allocation. Un cadre permettant une allocation de l'eau équitable et efficace , prenant en compte la surface brute commandée par un canal tertiaire, la sensibilité de la croissance des cultures au moment de la pénurie d'eau, la valeur de la récolte, l'orientation vers les zones valorisant le mieux l'eau, les pertes dues au déficit en eau, etc. , devrait être développé comme un outil pour améliorer la productivité de l'eau pour le Pakistan et pour les agriculteurs. La contribution des eaux souterraines au revenu des irrigants et la valeur économique de l'eau ont également été estimées. Copyright © 2009 John Wiley & Sons, Ltd. [source] The Impact of Affective Reactions on Risky Decision Making in Accounting ContextsJOURNAL OF ACCOUNTING RESEARCH, Issue 5 2002Kimberly Moreno In this study we examine whether managers' affective reactions influence their risk,taking tendencies in capital budgeting decisions. Prior research on risky decision making indicates that decision makers are often risk averse when choosing among alternatives that yield potential gains, and risk taking when the alternatives yield losses. The results reported here indicate that negative or positive affective reactions can change this commonly found risky behavior. Managers were generally risk avoiding (taking) for gains (losses) in the absence of affective reactions, as predicted by prospect theory. However, when affect was present, they tended to reject investment alternatives that elicited negative affect and accept alternatives that elicited positive affect, resulting in risk taking (avoiding) in gain (loss) contexts. The results also indicate that affective reactions can influence managers to choose alternatives with lower economic value, suggesting that managers consider both financial data and affective reactions when evaluating the utility of a decision alternative. These findings point to the importance of considering affective reactions when attempting to understand and predict risky decision making in accounting contexts. [source] Capturing Global Youth: Mobile Gaming in the U.S., Spain, and the Czech RepublicJOURNAL OF COMPUTER-MEDIATED COMMUNICATION, Issue 4 2008Shintaro Okazaki Ph.D. We adapt the technology acceptance model (TAM) to examine the factors influencing mobile gaming adoption among "global youth." Our model replaces usefulness with convenience, incorporating visual appeal and escapism as antecedents of fun, and perceived novelty and economic value as antecedents of convenience. Questionnaire surveys were conducted in the U.S., Spain, and the Czech Republic, producing 432 usable responses. In the structural model assessment with the pooled sample, convenience exercises greater effects on attitude toward mobile games than fun, suggesting that the most important driver is probably the capability of being used flexibly at any time and in any place, rather than mere enjoyment. Tests of latent means suggest that most dimensions are perceived more strongly in the Czech Republic. [source] STEROLS AS BIOMARKERS IN GYMNODINIUM BREVE: DISTRIBUTION IN DINOFLAGELLATESJOURNAL OF PHYCOLOGY, Issue 2000J.D. Leblond The sterol composition of marine microalgae has been shown to be a chemotaxonomic property potentially of value in distinguishing members of different algal classes. For example, members of the class Dinophyceae display sterol compositions ranging from as few as two (cholesterol and dinosterol in Alexandrium tamarense) to as many as twelve in certain Heterocapsa species. Certain of these are 4-methyl sterols rarely found in other classes of algae. The ability to use sterol biomarkers to distinguish certain dinoflagellates such as the toxic species Gymnodinium breve, responsible for red tide events in the Gulf of Mexico, from other species within the same class would be of considerable scientific and economic value. Gymnodinium breve has been shown by others to possess two principal novel sterols, (24S)-4a-methylergosta-8(14), 22-dien-3b-ol (ED) and its 27-nor derivative (NED), not previously known to be present in other dinoflagellates. Characterization of free and esterified sterols from laboratory cultures of G. breve and of samples from a recent bloom in the Gulf of Mexico has confirmed the predominance of these two sterols. This has prompted a study of the sterol signatures of more than 30 dinoflagellates. ED and NED were shown also to be the primary sterols of the closely related dinoflagellates G. mikimotoi and G. galatheanum. They are also found as minor components of the more complex sterol profiles of other members of the Gymnodinium-Peridinium-Prorocentrum (GPP) taxonomic group. The more widespread distribution of this sterol pattern is consistent with the known close relationship between G. breve and G. mikimotoi. [source] Florida's Pension Election: From DB to DC and BackJOURNAL OF RISK AND INSURANCE, Issue 3 2004Moshe A. Milevsky During the year 2002, the State of Florida's 600,000 public employees were given the choice of converting their traditional defined benefit (DB) pension plan into an individual-account defined contribution (DC) plan with full control over asset allocation and investment decisions. To mitigate some of the risk and uncertainty in the decision, the State granted each employee electing the DC plan an additional option to switch back (i.e., change their mind once) at any point prior to retirement. This option has been labeled the 2nd election by the State and the cost of reentry is fixed at the accumulated benefit obligation of their pension entitlement, which is the present value of the life annuity. Our article presents some original analytic insights relating to the optimal time and financial value of this unique 2nd election. Although our model is deterministic in nature, we believe that it provides a number of intuitive insights that are quite robust. Our results can be contrasted with Lachance, Mitchell, and Smetters (2003). We estimate that the increase in retirement wealth that arises from having the 2nd election is equivalent to at most 30 percent in future value, and only when utilized optimally. Furthermore, for most State employees above the age of 45, the 2nd election has little economic value because the DB plan dominates the DC plan from day one. Of course, it remains to be seen what percent of Florida's 600,000 employees will elect to behave rationally with their newfound pension autonomy. [source] ECONOMIC VALUATION OF RIPARIAN BUFFER AND OPEN SPACE IN A SUBURBAN WATERSHED1JOURNAL OF THE AMERICAN WATER RESOURCES ASSOCIATION, Issue 6 2006Zeyuan Qiu Abstract: This study evaluates the economic value of riparian buffers and open space in a suburban watershed through two nonmarket valuation methods. A contingent valuation survey was implemented in the Dardenne Creek watershed, a suburban watershed of the St. Louis metropolitan area in Missouri, to evaluate the residents' perceptions of and willingness to pay (WTP) for adopting riparian buffers and preserving farmland in a hypothetical real estate market. A hedonic pricing model based on actual sale prices of homes in the watershed was applied to estimate the market value of open space and other environmental conditions such as flood zone and stream proximity in the study area. The results showed that residents' WTP was consistent with the economic values of open space and proximity to streams embedded in existing home prices. Through a better understanding of residents' perceptions and values, riparian buffer and open space programs can be designed and promoted to achieve greater implementation success and environmental benefit. [source] EFFECTS OF INCREASED DELTA EXPORTS ON SACRAMENTO VALLEY'S ECONOMY AND WATER MANAGEMENT,JOURNAL OF THE AMERICAN WATER RESOURCES ASSOCIATION, Issue 6 2003Stacy K. Tanaka ABSTRACT: Exports from the Sacramento-San Joaquin Delta are an important source of water for Central Valley and Southern California users. The purpose of this paper is to estimate and analyze the effects increased exports to south of Delta users would have on the Sacramento Valley economy and water management if water were managed and reallocated for purely economic benefits, as if there were an ideal Sacramento Valley water market. Current Delta exports of 6,190 thousand acre-feet per year were increased incrementally to maximum export pumping plant capacities. Initial increases in Delta exports did not increase regional water scarcity, but decreased surplus Delta flows. Further export increases raised agricultural scarcity. Urban users suffer increased scarcity only for exports exceeding 10,393 taf/yr. Expanding exports raises the economic value of expanding key facilities (such as Engle bright Lake and South Folsom Canal) and the opportunity costs of environmental requirements. The study illustrates the physical and economic capacity of the Sacramento Valley to further increase exports of water to drier parts of the state, even within significant environmental flow restrictions. More generally, the results illustrate the physical capacity for greater economic benefits and flexibility in water management within environmental constraints, given institutional capability to reoperate or reallocate water resources, as implied by water markets. [source] The past, present, and future Aral SeaLAKES & RESERVOIRS: RESEARCH AND MANAGEMENT, Issue 3 2010Philip Micklin Abstract The Aral Sea, a once vast brackish terminal lake in the heart of Central Asia, has been rapidly drying since the 1960s. It had separated into four separate waterbodies by September 2009. The maximum water level decline was more than 26 m, whereas the lake surface area decreased 88% and the water volume 92%. The lake salinity increased by more than 20-fold. Prior to the modern recession, the Aral Sea experienced a number of water level declines and subsequent recoveries over the last 10 millennia. The main causative factor until the 1960s was the periodic westward diversion of the Amu Dar'ya, the main influent river, towards the Caspian Sea by both natural and human forces. The post-1960 recession, however, was overwhelmingly the result of unsustainable irrigation development. The lake's modern recession has caused a broad range of severe negative ecological, economic and human welfare problems. To restore the Aral Sea to its 1960s' size and ecological condition would be very difficult, if not impossible, in the foreseeable future. The plight of the Aral Sea, however, is far from hopeless. Partial restoration of portions of the lake is still feasible. A project to raise the Small (northern) Sea was completed in Fall 2005, raising its water level by 2 m, and lowering its salinity to a level not much higher than the early 1960 levels. Its ecological recovery has been dramatic, and a new project to improve further the Small Aral was recently announced. Improving the Large (southern) lake would be much more difficult and expensive. A project to save the deep Western Basin partially is technically feasible, however, and should be given careful evaluation. It is important to repair and preserve what is left of the deltas of the two tributary rivers, Syr Dar'ya and Amu Dar'ya, as these two rivers are of great ecological and economic value, and act as biological refugia for endemic species of the Aral Sea. [source] Pharmacotherapy of allergic rhinitis: a pharmaco-economic approachALLERGY, Issue 1 2009S. Simoens This article reports on a systematic literature review of the costs of allergic rhinitis (AR), the economic value of pharmacotherapy of AR, and the factors affecting costs and economic value of pharmacotherapy. Included studies had carried out a cost-of-illness analysis, cost analysis, cost-effectiveness, cost-utility or cost-benefit analysis. Allergic rhinitis imposes a substantial economic burden on society, with indirect costs of productivity loss being larger than the direct healthcare costs. Cost estimates were biased because of difficulties of diagnosis; exclusion of patients who do not seek healthcare; exclusion of over-the-counter medication; difficulties in estimating productivity loss. There is limited evidence on costs of seasonal/perennial and intermittent/persistent AR. Little is known of the economic value of pharmacotherapy of AR, although levocetirizine appears to be cost-effective as compared with placebo. Economic evaluations suffered limitations from small sample sizes, short trial duration, lack of standardized effectiveness measure, restricted scope of costs. Finally, the economic value of pharmacotherapy of AR is influenced by the perspective of the economic evaluation, relative effectiveness and costs of available drugs, patient compliance with treatment. [source] A set of 16 consensus primer pairs amplifying the complete mitochondrial genomes of orange-spotted grouper (Epinephelus coioides) and Hong Kong grouper (Epinephelus akaara)MOLECULAR ECOLOGY RESOURCES, Issue 6 2009XUAN ZHUANG Abstract Groupers are of considerable economic value; however, their classification and evolutionary relationships have long been hindered by the overwhelming number of species and lack of morphological specializations. Mitochondrial genome is a source of original markers that are potentially useful in the study of phylogeny and population genetics of groupers. We describe a set of 16 new primer pairs that allow PCR amplification of the entire mitochondrial genomes of orange-spotted grouper and Hong Kong grouper. This primer set has been defined for consensus over eight other grouper species, facilitating further studies on the molecular evolution and population genetics of groupers. [source] Reduction in Medication Costs for Patients with Chronic Nonmalignant Pain Completing a Pain Rehabilitation Program: A Prospective Analysis of Admission, Discharge, and 6-Month Follow-Up Medication CostsPAIN MEDICINE, Issue 5 2009Julie L. Cunningham PharmD ABSTRACT Objective., Chronic nonmalignant pain (CNMP) is both a prevalent and a costly health problem in our society. Pain rehabilitation programs have been shown to provide cost-effective treatment. A treatment goal for some rehabilitation programs is reduction in the use of pain-related medication. Medication costs savings from pain rehabilitation programs have not been analyzed in previous studies. Design., This prospective cohort study of 186 patients with CNMP addresses the costs of medications at admission to a 3-week outpatient pain rehabilitation program, at discharge, and at 6-month follow-up. Medication use was determined through a detailed pharmacist interview with patients at admission and discharge. Patients were sent questionnaires 6 months after program completion, which obtained current medication information. Results., Statistically significant medication cost savings were seen for program completers at discharge and at 6-month follow-up (P < 0.05). The mean (standard deviation) daily prescription medication cost reduction from admission to discharge was $9.31 ($12.70) using the average wholesale price of medications. From the original study cohort, 121 patients completed the 6-month follow-up survey. The mean daily prescription medication cost savings from admission to 6-month follow-up was $6.68 ($14.40). Conclusion., Patients benefited from significant medication cost savings at the completion of the 3-week outpatient pain rehabilitation program and maintained significant savings after 6 months. This study adds to the current literature on the economic value of comprehensive pain rehabilitation programs. [source] Opinion piece: Genomics and crop plant science in EuropePLANT BIOTECHNOLOGY JOURNAL, Issue 1 2006Steve Hughes Summary Recent report reviews and funding initiatives in the field of plant genomic research are considered in the context of their translation into practical and economic value via plant breeding. It is concluded that there is a deficit in investment and that a change in working styles towards knowledge sharing and connectivity is required. [source] QTL analysis of resistance to Fusarium head blight in wheat using a ,Wangshuibai'-derived populationPLANT BREEDING, Issue 4 2005M. Mardi Abstract Fusarium head blight (FHB) is a devastating disease that reduces the yield, quality and economic value of wheat. For quantitative trait loci (QTL) analysis of resistance to FHB, F3 plants and F3:5 lines, derived from a ,Wangshuibai' (resistant)/,Seri82'(susceptible) cross, were spray inoculated during 2001 and 2002, respectively. Artificial inoculation was carried out under field conditions. Of 420 markers, 258 amplified fragment length polymorphism and 39 simple sequence repeat (SSR) markers were mapped and yielded 44 linkage groups covering a total genetic distance of 2554 cM. QTL analysis was based on the constructed linkage map and area under the disease progress curve. The analyses revealed a QTL in the map interval Xgwm533-Xs18/m12 on chromosome 3BS accounting for up to 17% of the phenotypic variation. In addition, a QTL was detected in the map interval Xgwm539-Xs15/m24 on chromosome 2DL explaining up to 11% of the phenotypic variation. The QTL alleles originated from ,Wangshuibai' and were tagged with SSR markers. Using these SSR markers would facilitate marker-assisted selection to improve FHB resistance in wheat. [source] Isotope applications in environmental investigations part II: Groundwater age dating and recharge processes, and provenance of sulfur and methaneREMEDIATION, Issue 2 2003Julie K. Sueker Measurement of the isotopic composition of solids, solutes, gases, and water complement standard hydrogeological investigation techniques by providing information that may not otherwise be obtainable. Groundwater age estimates determined from the decay of radio-isotopes or from groundwater concentrations of anthropogenic gases such as chlorofluorocarbons (CFCs) and sulfur hexafluoride (SF6) are used to verify flow regimes and constrain or calibrate hydrologic flow models. Groundwater recharge rates are estimated by measuring the concentrations or activities of a variety of isotopes including 2H, 3H, 18O, and 36Cl. Excess sulfur causes salinization of water supplies and acidification of precipitation, surface water, and groundwater. The wide range of sulfur isotopic compositions exhibited by different sulfur species and sources allows the application of sulfur isotopes to trace sources and fate of sulfur in the environment. Methane is a ubiquitous gas that has economic value when located in extractable reservoirs. Methane is also a greenhouse gas and is a potential explosion and health hazard when it accumulates in buildings and water distribution systems. The carbon and hydrogen isotopic composition of methane can be used to determine the provenance of methane, distinguishing between thermogenic and biogenic sources. The addition of isotopic analyses to environmental investigations can be a cost-effective means of resolving intractable issues. © 2003 Wiley Periodicals, Inc. [source] | |||||||||||||||||||||||||