Deforestation is considered a major environmental issue in tropical Asian developing countries that have been undergoing major demographic and structural changes. A major contributing factor to deforestation is conversion of land for alternative, primarily agricultural, uses. There have been...

This paper studies the production and soil depletion choices of a risk averse farmer. The study applies a one period, two date model with uncertainty in both production and end-of-period land price. The farmer makes production, and soil depletion choices at date 1 to maximise the expected...

Subsidised credit, a key component of many programs designed to facilitate rapid adoption of new agricultural technologies in developing countries, has been almost unanimously condemned by economists on both efficiency and equity grounds. This paper argues that such analysis have typically...