This article develops a stochastic dynamic model of irrigation technology adoption. It predicts that farms will not invest in modern technologies unless the expected present value of investment exceeds the cost by a potentially large hurdle rate. The article also demonstrates that, contrary to...

Assuming that brands contribute to quality risk reduction, prestige, and design, we derive and test hypothesis on the willingness to pay (WTP) for brands across different product categories (electronics, clothing, packaged food, and fresh produce). Using the random effect tobit model on the...

This article develops a framework to analyze the impacts on resource development of efficient management practices that account for possible resource conserving technological changes. Compared with the traditional management practice ignoring these changes, efficient management may not delay or...

This article determines the contribution of recent European Union agricultural policy reforms on the use of pesticides. Our theoretical model extends the multioutput generalization of the <link rid="b22">Lichtenberg-Zilberman</link> damage control technology model developed by <link rid="b6">Chambers and Lichtenberg</link>. Our empirical...

A framework is developed to analyze a spatially dependent economically significant pest problem emanating from a source and spreading via a carrier such as an insect. Transmission and/or source control to combat the pest or disease problem are explored. Alternative assumptions about the...