This article proposes a method to accommodate asymmetric information on farmers' risk preferences in designing voluntary environmental policies. By incorporating stochastic efficiency rules in a mechanism design problem, the government can find incentive-compatible policies by knowing only the...

A common policy prescription for conserving irrigation water is to promote more efficient or “water-saving” irrigation technologies. We develop a risk-programing model to quantify the effect of irrigation efficiency on irrigation water use in the High Plains, taking account of irrigation...

We survey landowners to investigate the costs associated with the presence of permanent or seasonal wetland areas in cropland. We find, as predicted by our conceptual model, that dispersion of wetland areas imposes substantial inconvenience costs for producers but that costs respond nonlinearly...