scholarly journals The Capitalization of Agricultural Subsidies into Land Prices

2021 ◽  
Vol 13 (1) ◽  
Author(s):  
Pavel Ciaian ◽  
Edoardo Baldoni ◽  
d'Artis Kancs ◽  
Dušan Drabik
Keyword(s):  
Empirical Studies ◽  
Data Availability ◽  
Empirical Literature ◽  
Annual Review ◽  
Publication Date ◽  
Spatial Effects ◽  
Agricultural Subsidies ◽  
Decoupled Payments ◽  
Land Prices ◽  
Rural Market

We review the recent theoretical and empirical literature on the capitalization of agricultural subsidies into land prices. The theoretical literature predicts that agricultural subsidies are capitalized into land prices when land supply is inelastic and land markets function well. The share of capitalized subsidies significantly depends on the implementation of farm subsidies, local land-market institutions, rural market imperfections, and spatial effects. Most empirical studies have shown that agricultural subsidies are only partially capitalized into land prices, estimating that decoupled payments and land-based subsidies exhibit higher capitalization than coupled payments and nonland-based subsidies, respectively. However, estimated capitalization rates vary widely across studies largely because of data availability and identification challenges. Expected final online publication date for the Annual Review of Resource Economics, Volume 13 is October 2021. Please see http://www.annualreviews.org/page/journal/pubdates for revised estimates.

Network Analysis of Psychopathology: Controversies and Challenges

2020 ◽  
Vol 17 (1) ◽  
Author(s):  
Richard J. McNally
Keyword(s):  
Mental Illness ◽  
Network Analysis ◽  
Mental Disorder ◽  
First Century ◽  
Empirical Literature ◽  
Annual Review ◽  
Publication Date ◽  
Network Approach ◽  
Central Idea ◽  
Network Approaches

Empirical publications inspired by the network approach to psychopathology have increased exponentially in the twenty-first century. The central idea that an episode of mental disorder arises from causal interactions among its symptomatic elements has especially resonated with those clinical scientists whose disenchantment with traditional categorical and dimensional approaches to mental illness have become all too apparent. As the field has matured, conceptual and statistical concerns about the limitations of network approaches to psychopathology have emerged, inspiring the development of novel methods to address these concerns. Rather than reviewing the vast empirical literature, I focus instead on the issues and controversies regarding this approach and sketch directions where the field might go next. Expected final online publication date for the Annual Review of Clinical Psychology, Volume 17 is May 7, 2021. Please see http://www.annualreviews.org/page/journal/pubdates for revised estimates.

Evolution of Mimicry Rings as a Window into Community Dynamics

2021 ◽  
Vol 52 (1) ◽  
Author(s):  
Krushnamegh Kunte ◽  
Athulya Girish Kizhakke ◽  
Viraj Nawge
Keyword(s):  
Species Interactions ◽  
Community Dynamics ◽  
Empirical Studies ◽  
Annual Review ◽  
Publication Date ◽  
Ecological Filtering ◽  
Selective Agents ◽  
Evolutionary Studies ◽  
Phylogenetic Framework ◽  
Key Aspects

Mimicry rings are communities of mimetic organisms that are excellent models for ecological and evolutionary studies because the community composition, the nature of the species interactions, the phenotypes under selection, and the selective agents are well characterized. Here, we review how regional and ecological filtering, density- and frequency-dependent selection, toxicity of prey, and age of mimicry rings shape their assembly. We synthesize findings from theoretical and empirical studies to generate the following hypotheses: ( a) the degree of unpalatability and age of mimicry rings increase mimicry ring size and ( b) the degree of unpalatability, generalization of the aposematic signal, and availability of alternative prey are positively related to the breadth of the protection umbrella for an aposematic signal and negatively related to the degree of mimetic resemblance. We also provide a phylogenetic framework in which key aspects of mimicry ring diversification may be studied. Expected final online publication date for the Annual Review of Ecology, Evolution, and Systematics, Volume 52 is November 2021. Please see http://www.annualreviews.org/page/journal/pubdates for revised estimates.

scholarly journals Domestic Pressure and International Climate Cooperation

2021 ◽  
Vol 13 (1) ◽  
Author(s):  
Alessandro Tavoni ◽  
Ralph Winkler
Keyword(s):  
Climate Change ◽  
Empirical Literature ◽  
Annual Review ◽  
Environmental Agreements ◽  
Publication Date ◽  
International Policy ◽  
International Climate Policy ◽  
Important Challenge ◽  
International Climate ◽  
Shed Light

In the wake of 25 United Nations Climate Change Conferences of the Parties (and counting), international cooperation on mitigating greenhouse gas emissions to avoid substantial and potentially irreversible climate change remains an important challenge. The limited impact of the Kyoto Protocol on curbing emissions, and the gap between the ambitions of its successor and the Paris Agreement's lack of sanctioning mechanisms for addressing noncompliance, demonstrates both the difficulties in negotiating ambitious environmental agreements and the reluctance of countries to comply with their agreed emission targets once they have joined the treaty. Therefore, a better understanding of the obstacles and opportunities that the interactions between domestic and international policy pose for the design of successful international climate cooperation is of utmost importance. To shed light on the roots of the stalemate (and suggest possible ways out), this article reviews and draws lessons from a growing theoretical, experimental, and empirical literature that accounts for the hierarchical interplay between domestic political pressure and international climate policy. Expected final online publication date for the Annual Review of Resource Economics, Volume 13 is October 2021. Please see http://www.annualreviews.org/page/journal/pubdates for revised estimates.

Dynamics of Ecological Communities Following Current Retreat of Glaciers

2021 ◽  
Vol 52 (1) ◽  
Author(s):  
Gentile Francesco Ficetola ◽  
Silvio Marta ◽  
Alessia Guerrieri ◽  
Mauro Gobbi ◽  
Roberto Ambrosini ◽  
...  
Keyword(s):  
Community Dynamics ◽  
Abiotic Factors ◽  
Empirical Studies ◽  
Experimental System ◽  
Theoretical Models ◽  
Glacier Retreat ◽  
Community Formation ◽  
Annual Review ◽  
Publication Date ◽  
Ecological Communities

Glaciers are retreating globally, and the resulting ice-free areas provide an experimental system for understanding species colonization patterns, community formation, and dynamics. The last several years have seen crucial advances in our understanding of biotic colonization after glacier retreats, resulting from the integration of methodological innovations and ecological theories. Recent empirical studies have demonstrated how multiple factors can speed up or slow down the velocity of colonization and have helped scientists develop theoretical models that describe spatiotemporal changes in community structure. There is a growing awareness of how different processes (e.g., time since glacier retreat, onset or interruption of surface processes, abiotic factors, dispersal, biotic interactions) interact to shape community formation and, ultimately, their functional structure through succession. Here, we examine how these studies address key theoretical questions about community dynamics and show how classical approaches are increasingly being combined with environmental DNA metabarcoding and functional trait analysis to document the formation of multitrophic communities, revolutionizing our understanding of the biotic processes that occur following glacier retreat. Expected final online publication date for the Annual Review of Ecology, Evolution, and Systematics, Volume 52 is November 2021. Please see http://www.annualreviews.org/page/journal/pubdates for revised estimates.

Animal Migration: An Overview of One of Nature's Great Spectacles

2021 ◽  
Vol 52 (1) ◽  
Author(s):  
Adam M. Fudickar ◽  
Alex E. Jahn ◽  
Ellen D. Ketterson
Keyword(s):  
Empirical Studies ◽  
First Century ◽  
Annual Review ◽  
Publication Date ◽  
Integrative Biology ◽  
Physiological Mechanisms ◽  
Technological Revolution ◽  
Current State ◽  
New Directions ◽  
Animal Migration

The twenty-first century has witnessed an explosion in research on animal migration, in large part due to a technological revolution in tracking and remote-sensing technologies, along with advances in genomics and integrative biology. We now have access to unprecedented amounts of data on when, where, and how animals migrate across various continents and oceans. Among the important advancements, recent studies have uncovered a surprising level of variation in migratory trajectories at the species and population levels with implications for both speciation and the conservation of migratory populations. At the organismal level, studies linking molecular and physiological mechanisms to traits that support migration have revealed a remarkable amount of seasonal flexibility in many migratory animals. Advancements in the theory for why animals migrate have resulted in promising new directions for empirical studies. We provide an overview of the current state of knowledge and promising future avenues of study. Expected final online publication date for the Annual Review of Ecology, Evolution, and Systematics, Volume 52 is November 2021. Please see http://www.annualreviews.org/page/journal/pubdates for revised estimates.

Climate Finance

2021 ◽  
Vol 13 (1) ◽  
Author(s):  
Stefano Giglio ◽  
Bryan Kelly ◽  
Johannes Stroebel
Keyword(s):  
Climate Risk ◽  
Empirical Literature ◽  
Future Research ◽  
Annual Review ◽  
Publication Date ◽  
Climate Finance ◽  
Fixed Income ◽  
Fixed Income Securities ◽  
Climate Risks ◽  
Asset Classes

In this article, we review the literature studying interactions between climate change and financial markets. We first discuss various approaches to incorporating climate risk in macrofinance models. We then review the empirical literature that explores the pricing of climate risks across a large number of asset classes, including real estate, equities, and fixed income securities. In this context, we also discuss how investors can use these assets to construct portfolios that hedge against climate risk. We conclude by proposing several promising directions for future research in climate finance. Expected final online publication date for the Annual Review of Financial Economics, Volume 13 is November 2021. Please see http://www.annualreviews.org/page/journal/pubdates for revised estimates.

Social Finance

2021 ◽  
Vol 13 (1) ◽  
Author(s):  
Theresa Kuchler ◽  
Johannes Stroebel
Keyword(s):  
Social Interactions ◽  
Recent Work ◽  
Social Connectedness ◽  
House Price ◽  
Empirical Literature ◽  
Annual Review ◽  
Publication Date ◽  
Financial Decisions ◽  
Mortgage Refinancing

We review an empirical literature that studies the role of social interactions in driving economic and financial decision-making. We first summarize recent work that documents an important role of social interactions in explaining household decisions in housing and mortgage markets. This evidence shows, for example, that there are large peer effects in mortgage refinancing decisions and that individuals’ beliefs about the attractiveness of housing market investments are affected by the recent house price experiences of their friends. We also summarize recent work showing that social interactions affect the stock market investments of both retail and professional investors as well as household financial decisions such as retirement savings, borrowing, and default. Along the way, we describe a number of easily accessible recent data sets for the study of social interactions in finance, including the Social Connectedness Index, which measures the frequency of Facebook friendship links across geographies. We conclude by outlining several promising directions for further research in the field of social finance. Expected final online publication date for the Annual Review of Financial Economics, Volume 13 is March 2021. Please see http://www.annualreviews.org/page/journal/pubdates for revised estimates.

Carbon Taxes in Theory and Practice

2021 ◽  
Vol 13 (1) ◽  
Author(s):  
Gilbert E. Metcalf
Keyword(s):  
Carbon Tax ◽  
Policy Instruments ◽  
Theory And Practice ◽  
Empirical Literature ◽  
Annual Review ◽  
Publication Date ◽  
Carbon Taxes ◽  
Reduce Emissions ◽  
Hybrid Carbon

As of 2020, carbon taxes were in effect in 30 jurisdictions around the world. This article provides a theoretical overview of carbon taxes along with some empirical evidence on the macroeconomic impacts of existing taxes, including emission reductions. It compares and contrasts carbon taxes with other policy instruments to reduce emissions. It also highlights issues that have recently attracted the attention of researchers on which additional research would be beneficial. Those include ( a) the role of border adjustments in a unilaterally imposed carbon tax, ( b) hybrid carbon tax systems that increase the likelihood of hitting desired emission reduction targets, ( c) the optimal price path for a carbon tax, and ( d) the growing empirical literature on the economic impact of carbon taxes. Expected final online publication date for the Annual Review of Resource Economics, Volume 13 is October 2021. Please see http://www.annualreviews.org/page/journal/pubdates for revised estimates.

Evolution and Plasticity of Genome-Wide Meiotic Recombination Rates

2021 ◽  
Vol 55 (1) ◽  
Author(s):  
Ian R. Henderson ◽  
Kirsten Bomblies
Keyword(s):  
Chromosome Segregation ◽  
Meiotic Recombination ◽  
Recombination Rate ◽  
Empirical Studies ◽  
Annual Review ◽  
Publication Date ◽  
Recombination Rates ◽  
Homologous Chromosomes ◽  
Genome Wide ◽  
Mechanistic Basis

Sex, as well as meiotic recombination between homologous chromosomes, is nearly ubiquitous among eukaryotes. In those species that use it, recombination is important for chromosome segregation during gamete production, and thus for fertility. Strikingly, although in most species only one crossover event per chromosome is required to ensure proper segregation, recombination rates vary considerably above this minimum and show variation within and among species. However, whether this variation in recombination is adaptive or neutral and what might shape it remain unclear. Empirical studies and theory support the idea that recombination is generally beneficial but can also have costs. Here, we review variation in genome-wide recombination rates, explore what might cause this, and discuss what is known about its mechanistic basis. We end by discussing the environmental sensitivity of meiosis and recombination rates, how these features may relate to adaptation, and their implications for a broader understanding of recombination rate evolution. Expected final online publication date for the Annual Review of Genetics, Volume 55 is November 2021. Please see http://www.annualreviews.org/page/journal/pubdates for revised estimates.

The Science of Leadership: A Theoretical Model and Research Agenda

2021 ◽  
Vol 9 (1) ◽  
Author(s):  
Andrew M. Carton
Keyword(s):  
Organizational Behavior ◽  
Research Agenda ◽  
Empirical Literature ◽  
Future Research ◽  
Annual Review ◽  
Publication Date ◽  
Leader Behaviors ◽  
Single Construct ◽  
Leadership Research ◽  
Do So

I review the empirical literature on leadership, focusing on papers published since 2010. To do so, I introduce a framework composed of two features: whether theories ( a) involve the study of leaders or leading (i.e., the person versus the process) and ( b) conceptualize leadership as a cause or a consequence (i.e., an independent versus dependent variable). This framework can enable future research to accumulate in a more programmatic fashion and help scholars determine where their own studies are located within the landscape of leadership research. I end the review by critically evaluating existing work, arguing that the most popular subcategory of leadership research—lumped conceptualizations of leading, in which scholars examine multiple leader behaviors within a single construct—has significant limitations and may need to be replaced by a greater focus on split conceptualizations of leading, wherein scholars isolate single leader behaviors. Expected final online publication date for the Annual Review of Organizational Psychology and Organizational Behavior, Volume 9 is January 2022. Please see http://www.annualreviews.org/page/journal/pubdates for revised estimates.

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