Most studies that compare price and quantity controls for greenhouse gas emissions under uncertainty find that price mechanisms perform substantially better. In these studies, the benefits from reducing emissions are proportional to the level of reductions, and such linear benefits strongly...

Concern about sustainability helped to launch a new agenda for development and environmental economics and challenged many of the fundamental goals and assumptions of the conventional, neoclassical economics of growth and development. We review 25 years' of refereed journal articles on the...

Paper presented at EAAE 2008 Congress

At the Rio Earth Summit of 1992, governments undertook to develop and adopt national sustainable development strategies as a key component of implementing the goals of Agenda 21. Only partial progress was reported at the 2002 World Summit in Johannesburg, with uncertainty as to the effectiveness...

This paper analyzes potential cost savings to the U.S. agricultural sector associated with applying marketable permit designs for methyl bromide critical use exemptions (CUE), under the phase-out of methyl bromide. A necessary condition for an efficient trading system is heterogeneity among...

The aim of this paper is to quantitatively assess the long run economic impact of Common Agricultural Policy (CAP) abolition, where in particular, we focus on the Spanish economy. To carry out our analysis, we employ the Global Trade Analysis Project (GTAP) computable general equilibrium model...

A positive mathematical programming model was constructed in this study to assess theeffect of three water pricing scenarios on Teboulba’s agricultural production systems.The effects of these scenarios were estimated for three groups of farmers from three irrigated districts. Results show that...

Climate change, the ?boom and bust? cycles of rivers, and altered water resourcemanagement practice have caused significant changes in the spatial distribution of the risk offlooding. Hedonic pricing studies, predominantly for the US, have assessed the spatial incidenceof risk and the associated...

To develop weather insurance, GROUPAMA builds a general model of agronomic crop yielddensity function. This approach is applied for cereal, industrial products, wine and fruits.From the density function, weather risk premium is computed. The wine-producing practicesdisturb our approach of risks....

It is well known from the compliance literature that whenever it costly tomonitor agents' compliance to contract terms, compliance is likely to beincomplete. This paper goes one step further by examining the implications ofincomplete monitoring on agent's sales offers in auctions for...