Jinhua Zhao

Associate Professor, Ag., Ph.D., University of California, Berkeley, 1997

Interests: Natural resource and environmental economics, trade and environment, real option theory, technology adoption, dynamic optimization and structural dynamic estimation

Vita

Selected Journal Articles:

"The Dynamic Formation of Willingness to Pay: An Empirical Specification and Test," (with Jay Corrigan and Cathy Kling) Environmental and Resource Economics, forthcoming (download)

"Optimal Use of Correlated Information in Mechanism Design When Full Surplus Extraction May Be Impossible," (with Subir Bose,) Journal of Economic Theory, v 135, 2007, 357-381. (download) (Technical appendix of the paper)

“The Subsidy for Adopting Conservation Tillage: Estimation from Observed Behavior,” (with Lyubov A. Kurkalova and Catherine L. Kling), Canadian Journal of Agricultural Economics, v 54, 2006, 247-267. (Winner of 2007 Outstanding Journal Article, Canadian Agricultural Economics Association.) (download)

"Alternative Intertemporal Permit Trading Regimes with Stochastic Abatement Costs," (with Hongli Feng,) Resource and Energy Economics, v 28, 2006, 24-40

"Willingness-to-Pay, Compensating Variation, and the Cost of Commitment," (with Cathy Kling), Economic Inquiry, v 42, n 3, July 2004, 503-517

"Policy Persistence in Environmental Regulation," (with Cathy Kling), Resource and Energy Economics, V 25, 2003, 255-268

"Irreversible Abatement Investment Under Cost Uncertainties: Tradable Emission Permits and Emissions Charges," Journal of Public Economics, v 87, December 2003, 2765-2789

"The Uncertain Benefits of Environmental Reform in Open Economies," (With Larry Karp and Sandeep Sacheti), Journal of Environmental Economics and Management, v45, n2, March 2003, 246-264

"The Time Path and Implementation of Carbon Sequestration," (with Hongli Feng and Cathy Kling), American Journal of Agricultural Economcis, v84, n1, Feb 2002, 134-149

"A New Explanation for the WTP/WTA Disparity," (With Cathy Kling), Economics Letters, v73, 2001, 293-300 (available on line at http://www.elsevier.nl/homepage/sae/econbase/ecolet)

"Common Ground Between Free-traders and Environmentalists," (With Larry Karp and Sandeep Sacheti), International Economic Review, v 42, n 3, August 2001, 617-647

"On the Long-Run Efficiency of Auctioned vs. Free Permits," (With Cathy Kling), Economics Letters, v 69, n 2, November 2000, pp235-238. (available online at http://www.elsevier.nl/homepage/sae/econbase/ecolet)

"Trade and Environmental Distortions: Coordinated Intervention," Environment and Development Economics, v 5, 2000, p361-375.

"Irreversibility and Restoration in Natural Resource Development," (With David Zilberman), Oxford Economic Papers, v 51, n 3, July 1999, p 559-573.

Working Papers:

"A Proposal to Reform the Kyoto Protocol: the Role of Escape Clauses and Farsight," (with Larry Karp,) 2007 (pdf file)
“Welfare Measures When Agents Can Learn: A Unifying Theory,” (with Cathy Kling,) 2008 (pdf file)
"Information Externalities and Strategic Delay in Technology Adoption and Diffusion," 2007 (pdf file)
"Incomplete Information Aggregation Games," (with Gordon Rausser and Leo Simon), 2003 (pdf file)
“Double Irreversibilities and Endogenous Learning in Land Conversion Decisions,” (with Shikha Marwah,) 2007 (pdf file)
"Pollution Abatement Investment when Firms Lobby Against Environmental Regulation," (with Y. Hossein Farzin), 2004 (pdf file)

Courses:

Economics 380: Environmental and Resource Economics, Fall 1999

Special Topic for Camp Resources X:

Real Options and Environmental Economics: An Overview (Powerpoint Presentation)
Related Readings

Email: jzhao@iastate.edu

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