Recently added articles from American Journal of Agricultural Economics:
Do overlapping land rights reduce agricultural investment? Evidence from Uganda.(Report)
Nov 01, 2008; ... Land-attached investment is critical to ensure economic growth, poverty reduction, and sustainable natural resource management in the world's least developed countries. Access to better agricultural technology, infrastructure, and markets for outputs and inputs will increase the payoffs ...
An empirical exploration of the population-environment nexus in India.(Report)
Nov 01, 2008; ... Links between population growth and the environment are debated in many realms of social science. In the long run, opposing views of "Malthusians" (Meadows 1972; Ehrlich, Ehrlich, and Daily 1993) and "Boserupians" (Boserup 1965; Simon 1996) conjecture, alternately, that unchecked ...
Water markets and third-party effects.
Nov 01, 2008; ... With increased water scarcity there has come a corresponding increased interest in using market mechanisms to reallocate water (Easter et al. 1998). And although market mechanisms have found an occasional home, to date, most trade has occurred among users within a water district and within ...
Removing distortions in the U.S. ethanol market: what does it imply for the United States and Brazil?
Nov 01, 2008; ... In the past few years, interest in biofuels has greatly increased and this can be attributed to environmental, economic, and geopolitical factors. Harmful emissions, high crude oil prices, and the growing dependency on foreign oil supplies have provided incentives for pursuing alternative ...
What explains the increased utilization of Powder River Basin coal in electric power generation?
Nov 01, 2008; ... Since the inception of the Clean Air Act in 1970, S[O.sub.2] emissions in the United States declined by 50% at less than 10% of the originally estimated cost (Kerr 1998). Much of this reduction appears to have occurred through substitution at electric utilities from high-sulfur coal to ...
Spatio-temporal modeling of agricultural yield data with an application to pricing crop insurance contracts.(Report)
Nov 01, 2008; ... ********** Historically, crop insurance in Brazil has been offered by the government at both the federal and state levels. In spite of the government's efforts, the experience with crop insurance in Brazil has generally not been satisfactory. The absence of a suitable actuarial ...
Spatial-temporal model of insect growth, diffusion and derivative pricing.(Report)
Nov 01, 2008; ... Derivative securities are used for risk management purposes in a number of industries. Derivatives, as they are generically called, are financial instruments that assume a value based on an underlying price or index. Stock options are one type of derivative that allows the holder to ...
Indifference pricing of weather derivatives.(Report)
Nov 01, 2008; ... Weather is undeniably one of the most important sources of risk in agriculture, and it seems that fluctuations of temperature and precipitation have even increased in the last decade due to global climate changes (Karl and Trenberth 2003). Perhaps the most obvious impact of weather risk is ...
Utility in willingness to pay space: a tool to address confounding random scale effects in destination choice to the Alps.
Nov 01, 2008; ... Nonmarket values of qualitative changes in sites for outdoor recreation are often investigated by estimating random utility models (RUMs) of site selection (Bockstael, Hanemann, and Kling 1987; Morey, Rowe, and Watson 1993). Most recent applications address the issue of unobserved taste ...
Effects on welfare measures of alternative means of accounting for preference heterogeneity in recreational demand models.
Nov 01, 2008; ... For many years, the assumption that preferences are homogenous dominated revealed preference analysis of the demand for non-market goods albeit with some notable exceptions such as Morey (1981) and Morey, Rowe, and Watson (1993). In a seminal paper, Train (1998) emphasized that explicit ...
The effects of exchange rate volatility on agricultural trade.(Report)
Nov 01, 2008; ... Since the breakdown of the Bretton Woods System in the early 1970s, when previously fixed exchange rates among major currencies were allowed to float, researchers have been interested in the effects of exchange rate volatility on exports. As theory suggests that exchange rate uncertainty ...
Point/nonpoint effluent trading with spatial heterogeneity.
Nov 01, 2008; ... There is considerable interest in effluent trading as a means of meeting water quality goals (Shortle and Horan 2001). In the United States, effluent trading schemes have been discussed for almost a dozen watersheds, especially those where meeting nutrient concentration targets by ...
The gains from differentiated policies to control stock pollution when producers are heterogeneous.
Nov 01, 2008; ... Some major pollution problems including ground and surface water contamination, soil erosion, buildup of pesticides resistance, and even climate changes are frequently stock externality problems caused by heterogeneous sources (Hoel and Karp 2002; Xepapadeas 1992a). Many of these are ...
A bioeconomic model of cattle stocking on rangeland threatened by invasive plants and nitrogen deposition.(Report)
Nov 01, 2008; ... Climate, biogeochemical cycles, species distribution, and other natural phenomena are being changed by anthropogenic activities on a global scale (Millennium Ecosystem Assessment 2005). The productivity of rangelands across the western United States and Canada depend on these phenomena, ...
A principal-agent model for evaluating the economic value of a traceability system: a case study with injection-site lesion control in fed cattle.
Nov 01, 2008; ... The beef supply chain consists of multiple production stages that transfer cattle and beef downstream using market transactions. Qualities, quantities, and prices are established through observation and negotiation. Market inefficiencies can occur because quality assurance efforts of ...
Economic development prospects of forest-dependent communities: analyzing trade-offs using a compromise-fuzzy programming framework.
Nov 01, 2008; ... In Canada, federal and provincial governments have historically promoted economic development in rural regions via the exploitation of natural resources. Forests played a key role in that development and continue to be looked upon to bring prosperity to some 300 forest-dependent ...
Forecasting resource-allocation decisions under climate uncertainty: fire suppression with assessment of net benefits of research.
Nov 01, 2008; ... Public and private sector managers must regularly make input-allocation decisions with consequences that depend on future states of nature. Because these states of nature are not known with certainty, the decisions, when evaluated ex post, are often suboptimal. For example, at the ...
The choice of regulatory instrument when there is uncertainty about compliance with fisheries regulations.
Nov 01, 2008; ... Economic overexploitation may result if a fishery is not regulated. The costs of an individual fisherman will depend not only on his own catch but, in general, also on the total fish stock available, since the latter will affect the search effort associated with fishing. In addition, ...
Property rights and natural resource management incentives: do transferability and formality matter?
Nov 01, 2008; ... Ill-defined property rights and consequent natural resource mismanagement are said to be common in developing countries, where governments--as de jure providers and enforcers of such rights--often lack the ability to provide well-defined, secure property rights. This especially applies to ...
Ruttan, Vernon W. Is War Necessary for Economic Growth? Military Procurement and Technology Development.(Book review)
Nov 01, 2008; ... Ruttan, Vernon W. Is War Necessary for Economic Growth? Military Procurement and Technology Development. New York: Oxford University Press, 2006, xi + 219 pp., ISBN 0-19-518804-7. Sustainable economic growth stems first and foremost from technological advancement. New General ...