Stigma is a negative attribute of real estate acquired by the discovery of contamination and reflected in its value (Elliot-Jones, 1996). Using a theoretical model with external economies and adjustment costs, we show that both temporary stigma and permanent stigma are possible equilibrium...

Important advancements in agricultural economics have combined the insights of the economic discipline and its analytical paradigm with the practical and scientific knowledge of agriculture. We discuss advancements made in the areas of production and marketing, the characteristics of...

The paper introduces a framework for analyzing the impacts of land control programs on agricultural production under heterogenous land qualities, heterogenous production technologies and imperfect capital markets. It shows that the introduction of diversion programs tends to benefit land owners...