Concentration on elite breeding lines has endangered a number of traditional dairy breeds. Although several of those breeds are known for superior functional traits such as robustness, they are increasingly replaced by Holstein cows. A discrete choice experiment with 159 breeders revealed the...

Contracts providing payments for not developing natural areas, or for removing cropland from production, generally require long-term commitments. Landowners, however, can decide to prematurely terminate the contract when the opportunity cost of complying with conservation requirements increases....

Contracts providing payments for not developing natural areas, or for removing cropland from production, generally require long-term commitments. Landowners, however, can decide to prematurely terminate the contract when the opportunity cost of complying with conservation requirements increases....

Contracts providing payments for not developing natural areas, or for removing cropland from production, generally require long-term commitments. Landowners, however, can decide to prematurely terminate the contract when the opportunity cost of complying with conservation requirements increases....

The implementation of nature conservation policy is often based on contracts between public authorities and landowners. In this article, we model incentive contracts in forest areas in the presence of adverse selection and moral hazard when the conservation outcome is uncertain ex ante but...

We use data from a Maryland farm survey and a multivariate switching regression model with endogenous switching to investigate the effects of information asymmetries on conservation cost sharing contracts. Our estimations indicate that the role that asymmetries of information play in the impact...