A bioeconomic model of reservoir aquaculture in northern Vietnam is used toinvestigate the impacts of price and yield risk on the level, variability and skewness ofexpected net revenue and utility. Prices and yields are assumed to follow lognormaland beta distributions, respectively. Net revenue...

This paper develops methods to quantify weather derivatives and yield index insurance. These are exotic options that differ from financial options in several ways. The underlying random variable is not a price but a quantity such as millimeters of rainfall. Instead of option "pricing", a method...

An input-output framework with environmental accounting module was used to investigatethe implications of liberalising agricultural trade on the environment in South Africa. Theresults showed that trade liberalisation in the case of agricultural commodities will lead toenvironmental improvement....

Economists and statisticians constructing the national income accounts usually overlook the many benefits derived by communities from natural forests and woodlands. This study attempted to impute a value for the ecosystem services of these resources in Swaziland employing an environmental...