In this article, we show how the degree of risk aversion, discounting, and preference for intertemporal substitution for a natural resource manager can be structurally estimated within a recursive utility framework. We focus on the management of a reservoir in California, and test the data for...

This review discusses research on linkages between biofuels, agriculture, and food security. The literature indicates that biofuel expansion affects land use, puts pressure on food and feed markets, and modestly reduces greenhouse gas emissions. Researchers readily identify these outcomes, as...

Many low income countries in Africa are optimistic that producing biofuels domestically will not only reduce their dependence on imported fossil fuels, but also stimulate economic development, particularly in poorer rural areas. Skeptics, on the other hand, view biofuels as a threat to food...