Despite growing environmental issues, and increasing public and private interests, scientific studies on the management of agroecosystem services are at the beginning stage. This article incorporates the interdisciplinary New Institutional Economics framework and identifies and assesses a...

This study investigates empirically how forest resources production and time allocation behavior links with climate change issue by using household survey in mid hill village of Nepal. We use Cobb Douglas production function theory to develop household production function econometric model. We...

For at least fifty years economists have argued that vertically-aggregated marginal willingness to pay, when set equal to marginal provision cost, will result in optimal public good provision levels. This methodological approach would be expected to yield an exact analog, in terms of optimal...

Declining time preference rates have a large effect on optimal climate policy, but efforts to surmount time consistency concerns have forced modelers either to employ very simple models or to adopt quasi-hyperbolic rates. Using the integrated assessment model from Golosov, Hassler, Krusell, and...

This paper sets out: - a definition of the social cost of carbon, hitherto used in UK government appraisals to reflect the external costs of greenhouse gas emissions; - the rationale for adopting a shadow price of carbon (SPC) for use in policy and investment appraisals across UK government; and...

This paper incorporates the interdisciplinary New Institutional and Transaction Costs Economics and suggests a holistic framework for analysis of management agro-ecosystem services. That new approach for analyses and assessment of management of agro-ecosystem services includes: definition of the...

High land fragmentation and accelerated rate of conversion of agriculture land are major challenges for food security of Nepal. Realizing ineffectiveness of previous efforts to manage these problems, government of Nepal has adopted land use policy 2012. The paper reviews the effects of previous...

Decision-makers have a wide variety of competing and complementary methods for non-market valuation, but there is little formal advice on the choice of method. I offer a formal approach, using a loss function (the mean square error) to compare contingent valuation, Citizens'Jury and methods...

This paper explores and contrasts the different social processes of valuation now appearing as economic means of valuing the environment. Monetary valuation via stated preference approaches has been criticised for assuming well formed and informed preferences and excluding a range of...

Economists concerned with validity, defined internally to the profession, are combining stated preference methods with participatory deliberation to address on-going criticism. DMV uses formal methods of deliberation to express values for environmental change in monetary terms. However, the...