A model of adverse selection and moral hazard in agri-environmental schemes is developed based on the input quota mechanism of Moxey <roman>et al.</roman> (<roman>Journal of Agricultural Economics,</roman> Vol. 50, (1999) pp. 187-202) and Ozanne <roman>et al.</roman> (<roman>European Review of Agricultural Economics,</roman> Vol. 28, (2001) pp. 329-347),...

This note analyses the design of agri-environmental schemes for risk-averse producers whose input usage is only observable by costly monitoring. The scheme penalises producers in proportion to input use in excess of a quota. A striking result is that if the scheme is designed in such a way that...

The long-running debate concerning the special characteristics of peasant production in less developed countries which may lead to perverse supply responses in their agricultural sectors is explored. Four stages in the debate are identified. The first was based on casual observation and the...

Recognition that policies aimed at ‘getting prices right’ in less-developed countries have not been successful due to incomplete markets has spurred a new wave of reforms aimed instead at ‘getting markets and institutions right’. Previous studies of this policy shift...

There are currently two contrasting approaches towards aid policy in Africa: that followed by the West is well known for its conditionality and selectivity and focus on direct financial support, while the approach adopted by China eschews conditionality and concentrates on infrastructure...

The Sraffian critique of neoclassical economics has tended to concentrate on the input rather than the output side of production processes--in particular, criticism of neoclassical theory. When it has addressed supply questions, it has been concerned more with individual commodities than...