UD’s new economics center open for business

new economic centerDonning customized white lab coats, University of Delaware officials cut the ribbon on the new quy?t Center for Experimental and Applied Economics at Upcoming UD’s College of Agriculture and Natural Resources the last week.

The center’s research focuses on social and economic behavior relating to how people value ecosystem services.

Major research includes land Back conservation and ecosystem service markets, food safety and agricultural policy, and provision of public goods but cover a variety of topics including consumer behavior, wholesale nfl jerseys solving problems related to water quantity and quality, environmental impact on target populations, food safety and discrimination.

The center is also the headquarters for a USDA consortium called the Center for Behavioral and Experimental cheap nba jerseys AgriEnvironmental Policy Research or CBEAR and is a collaboration involving the University of Chicago, Georgia State, Cornell, Tufts, among many other academic institutions. A $750,000, three-year USDA seed grant will wholesale mlb jerseys fund the new center.

Many of the studies at CBEAR pay participants based on the decisions they make, with the goal of improving existing policy.

“Our experiments pay people cash to analyze wholesale nfl jerseys their decisions,” said Kent Messer, a professor in CANR’s Department of Applied Economics and Statistics who heads the center with Paul Ferraro of Georgia State University. “Government programs related to agriculture and the environment need to be based on strong science and economics. Evidence-based policy, insights from the behavioral sciences, and randomized controlled trials are the norm in medicine, education, and other policy fields. cheap jerseys CBEAR will bring this approach to U.S. agri-environmental policy.”

Speaking at the ribbon cutting, University President Patrick Harker said that the centers “connect theory to practice” and further discussion of the grand challenges facing agriculture.

“It’s important to have that talk but the real work gets done in places like this,” he said.

Dr. Mark Rieger, dean of UD’s College of Agriculture and Natural Resources, said the planning for the center came out of a year’s worth of How strategic UD planning at the college and said it was an easy choice to move forward with the project when he was named dean in 2012.

“It’s something that’s really poised for success,” Rieger said. “We had the talent 2014 but we didn’t have the space. So now, two years later, we have the space to do this great work.”

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