Uniform payments are often made to farmers for providing environmental goods (e.g. wetland or semi-natural landscape) on arable land. Assuming hidden information on farmers' costs of converting land for environmental purposes, this paper investigates under what conditions a uniform policy...

The values of nitrogen abatement through measures involving investment in wetlands, sewage treatment plants and agriculture are calculated and compared. The analytical results show that the marginal value of investment in wetlands, including current and future utility, is likely to exceed that...

Whales have private and public good characteristics. A dynamic model, developed to capture the complexities of managing such a resource, yields optimal steady-state estimates suggesting that the current stock of minke whales in the Northeast Atlantic is below the steady-state optimum. The...