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...

A contentious issue in recent fisheries management debates has been how to rebuild overfished marine fish stocks. We investigate the economic and ecological nature of rebuilding plans in a metapopulation system. We find "most rapid approach paths" for system-wide recovery that differ from...

Diversified agricultural households often use byproducts of one activity as inputs for another. For crop-livestock farmers, cereal production provides grain and crop residue, where the latter can be used as livestock feed. To properly assess the cost of introducing new technologies into such...

Shadow prices guide farmers' resource allocations, but for subsistence farmers who grow traditional crops they may bear little relationship with market prices. We theoretically derive shadow prices for a subsistence crop with nonmarket value, then estimate shadow prices of maize using data from...

Microeconomic models posit that transaction costs isolate subsistence producers from output market shocks. We integrate microeconomic models of many heterogeneous households into a general equilibrium model and show that supply on subsistence farms may respond, in apparently perverse ways, to...

Controlling for the endogeneity of activity choice and considering both household-head and family schooling, we findevid ence of high returns from schooling in both crop andnoncrop activities. As schooling levels increase, the returns from schooling shift away from crop production. Failure to...