Leroy J. Hushak

A Spatial Model of Land Market Behavior

This paper presents results of an application of a transcendental function in the analysis of land market behavior. The assumption of featureless space in the Von Thunen model is dropped and characteristics of the space hypothesized to affect land prices are incorporated (Hushak 1977, Sadr). Results are presented for three different areas for which land transactions data have been collected. The availability of three separate data sets allows examination of alternative mathematical specifications across, as well as within, data sets. Based on pretest estimation criteria discussed by Wallace, the ability to cross-test alternative models on different data sets provides stronger criteria for model selection.

Regional Impacts of Fishery Allocation to Sport and Commercial Interests: A Case Study of Ohio's Portion of Lake Erie

Abstract The economic impacts of increased reallocation of Ohios Lake Erie fishery from commercial fishing to sportfishing were examined with an input-output model of northern Ohio for 1978. With the growing popularity of sportfishing, sport anglers generate greater political pressure than do commercial fishermen for use of the limited resource. Sport anglers are already the only harvesters of walleye (Stizostedion vitreum) in Ohio. Added reallocations would only make additional yellow perch (Perca flavescens) and white bass (Morone chrysops) available. The model shows that the impacts of sportfishing on output, income, and employment are greater per unit of fish than the impacts of commercial fishing. However, the sportfishing sector in the model is dominated by summer walleye fishing. The reallocated yellow perch are primarily harvested in the autumn. Research on the response of sport anglers to the 1984 purchase of gill-net fishing rights is needed to determine if expenditures increase sufficiently to...

Economic Value of Great Lakes Sportfishing: The Case of Private-Boat Fishing in Ohio's Lake Erie

Abstract Recreation demand functions were estimated and economic values were derived for three geographic and fish species components of the private-boat fishery in Ohios portion of Lake Erie. For two components, i.e., western basin walleye Stizostedion vitreum and yellow perch Perca flavescens samples, gross economic value (willingness to pay) exceeded US

Rural Household Savings Behavior in South Korea, 1962–76

73.00/d when human time was valued at 25% of the wage rate, and consumer surplus (the excess of value over cost) exceeded

A Welfare Analysis of the Voluntary Corn Diversion Program, 1961 to 1966

3.00/d. In contrast, central basin results showed a gross economic value of

Segmentation in the informal credit markets: the case of the Philippines

44.00/d and a consumer surplus of

Use of Input-Output Analysis in Fisheries Assessment

0.40/d. Public investments of

Characteristics of Ohio's Lake Erie Recreational Marinas☆

3.00/angler-day for the western basin and

The Role of Schools in Reducing the Variance of Cognitive Skills

0.40/angler-day for the central basin can be justified for maintenance and preservation of the respective fisheries for these uses. If an investment strategy to upgrade the central basin fishery to western basin quality could be developed, public investment of

Income instability and consumption-savings in South Korean farm households, 1965–1970

3.00/angler-day would be justified to implement such a strategy.