When nonpoint source pollution is stochastic and the damage function is convex, intuition might suggest it is more important to control a nonpoint pollution source than a point source. Earlier research has provided sufficient conditions such that the permit price for a unit of ex-ante expected...

When nonpoint source pollution is stochastic and the damage function is convex, intuition might suggest it is more important to control a nonpoint pollution source than a point source. Earlier research has provided sufficient conditions such that the permit price for a unit of ex-ante expected...

The magnitude of land conversion caused by biofuels expansion largely determines whether biofuels reduce net greenhouse gas emissions. To examine this issue, we model how equilibrium changes in input use and land allocation decisions respond to market- and policy-induced increases in corn...

While controversy surrounds skewness attributes of typical yield distributions, a better understanding is important for agricultural policy assessment and for crop-insurance rate setting. <xref ref-type="bibr" rid="AAR091C5">Day (1965)</xref> conjectured that crop yield skewness declines with an increase in nitrogen use at low levels but...

No satisfactory motivation has been forwarded in favor of any crop yield distribution, including the normal. This article explores the foundations of yield distributions for the Law of the Minimum resource constraint technology at the plot level of analysis. With independent, identical, uniform...