Tradeoff Analysis (TOA) is an approach to positive analysis that combines foresight analysis and simulation modeling tools from the relevant disciplines, including economics, in a participatory process designed to formulate and evaluate forward-looking, strategic decisions under high levels of...

We investigate climate change impacts on productivity and production risk on U. S. Pacific Northwest winter wheat farms. Using farm-level data from the Census of Agriculture, we use a partial-moment-based approach to estimate climate and irrigation influences on winter wheat yield and farm net...

This paper investigates the performance of liability rules in two-party stochastic externality problems where negotiations are feasible and side payments are based on the realized level of externalities. Results show that an increase in polluter liability does not necessarily increase safety or...