Research by agricultural economists on natural resources has been distinguished by an interdisciplinary emphasis and a dynamic perspective. It has recognized technological and institutional constraints, has been oriented toward solving concrete resource management and policy problems, and has...

Most research on point-nonpoint trading focuses on the choice of trading ratio (the rate point source controls trade for nonpoint controls), although the first-best ratio is jointly determined with the optimal number of permits. In practice, program managers often do not have control over the...

Most research on point-nonpoint trading focuses on the choice of trading ratio (the rate point source controls trade for nonpoint controls), although the first-best ratio is jointly determined with the optimal number of permits. In practice, program managers often do not have control over the...