Publications

The Effects of "Non-binding" Price Floors

Hard price floors are a standard form of agricultural price support while soft floors (auction reserve prices) are often included in cap-and-trade programs. A hard floor is a government commitment to purchase at the floor price, in unlimited amounts, whatever commodity is offered for sale, whereas a soft floor can be regarded as a commitment to buy at that price up to the limited amount of commodity the government auctions each period.

Clarke County, Virginia: Cost of Community Services Study

This study examines the cost of community services for land-use categories in Clarke County, Virginia for Fiscal Year 2017. Clarke County is a predominantly rural county on the western edge of the rapidly growing Washington–Arlington–Alexandria, DC–VA–MD–WV metropolitan statistical area, which saw its population grow 14.7 percent from 2000 to 2017 and is projected to grow an additional 10.0 percent by 2040.

Economic Impacts of the Virginia Tech Carilion Health Sciences and Technology Campus

The study consists of three sections. The first section provides a brief description of the history, development, and important features of VTC. The second section describes various ways in which VTC affects the state and local economies. The third section describes the results of the economic impact analysis. 

Study of the Growing Economic Impact of Virginia Public Higher Education

This study, which is the third since 2009, examines the effect of the public higher education sector on Virginia’s economy. It provides a full accounting of the current flow of economic activity in Virginia that can be directly tied to the spending, educational activities, and research commercialization of publicly supported institutions of higher education. 

Price and quantity collars for stabilizing emission allowance prices

This paper uses laboratory experiments to compare the performance of a quantity collar like the one under consideration by the EC with the types of price floors and caps that have been implemented in US regional cap-and-trade programs. We assess how the different policy instruments affect production, net social surplus, and the variation of market price from optimal levels. The attached pdf is a working paper from 2015.