D. Hellerstein - Academia.edu (original) (raw)

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Papers by D. Hellerstein

Journal of Soil and Water Conservation, 2009

Effect of income and other taxes on the relative value of conservation tax credits. (a) Tax credi... more Effect of income and other taxes on the relative value of conservation tax credits. (a) Tax credit = cash payment before taxes Program participants gain from tax credits, and net program costs are higher. Difference reflects the effect of taxes on cash payment Cash Before Taxes After Taxes (b) Tax credit = cash payment after taxes Program participants cannot gain from tax credits, and net program costs are unaffected. Difference represents the effect of reducing tax credit to match value of cash payment after taxes Before Taxes After Taxes Cash FEATURE

Journal of Regional Science, 1994

... COMPENSATION FOR COMMUTES IN THE LAND AND LABOR MARKETS: SOME EVIDENCE FROM THE TOKYO METROPO... more ... COMPENSATION FOR COMMUTES IN THE LAND AND LABOR MARKETS: SOME EVIDENCE FROM THE TOKYO METROPOLITAN AREA* David Merriman Department of Economics, Loyola University of Chicago, 820 North Michigan Avenue, Chicago, Illinois 6061 1 ...

Review of Agricultural Economics, 2009

American Journal of Agricultural Economics, 1997

Support for this paper was provided by Cooperative Agreement 43-3AEM-3-80137 between USDA and the... more Support for this paper was provided by Cooperative Agreement 43-3AEM-3-80137 between USDA and the University of Illinois. It does not reflect the views of either institution. This

American Journal of Agricultural Economics, 1995

Due to the weak behavioral foundations of aggregate demand models, zonal travel cost models have ... more Due to the weak behavioral foundations of aggregate demand models, zonal travel cost models have been largely abandoned in favor of models based on individual observations. However, sample selection difficulties in individual-observation models often require the use of distribution sensitive limited-dependent variables estimators. This paper uses Monte-Carlo simulations to investigate whether the bias from aggregation is worse than possible bias from these narrowly specified estimators. Somewhat surprisingly, the results indicate that zonal models often outperform the individual-observation models, especially when using an aggregate model that incorporates intra-zonal variance of the explanatory variables.

SSRN Electronic Journal, 2004

This report estimates the impact that high levels of enrollment in the Conservation Reserve Progr... more This report estimates the impact that high levels of enrollment in the Conservation Reserve Program (CRP) have had on economic trends in rural counties since the program's inception in 1985 until today. The results of a growth model and quasi-experimental control group analysis indicate no discernible impact by the CRP on aggregate county population trends. Aggregate employment growth may have slowed in some high-CRP counties, but only temporarily. High levels of CRP enrollment appear to have affected farm-related businesses over the long run, but growth in the number of other nonfarm businesses moderated CRP's impact on total employment. If CRP contracts had ended in 2001, simulation models suggest that roughly 51 percent of CRP land would have returned to crop production, and that spending on outdoor recreation would decrease by as much as $300 million per year in rural areas. The resulting impacts on employment and income vary widely among regions having similar CRP enrollments, depending upon local economic conditions.

The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activi... more The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race,

We present a model that extends the replacement cost theory to cases where benefits are restored ... more We present a model that extends the replacement cost theory to cases where benefits are restored for multiple years. Our theoretical framework derives a functional relationship between investments expenditures and environmental benefits. By extending the investment framework, we model reservoir benefits as a function of marginal changes in soil erosion.