In this paper the problem of Status Quo and willingness to pay by inhabitants of Haute- Normandy region in France for reduction of risk of erosive runoff was researched. The paper is dedicated to the definition of the factors which influence people’s willingness and unwillingness to pay for...

This study takes the standard acreage response model that stems from an expected utility framework, accounting for both price and yield variability, and nests it within a flexible semi-nonparametric (SNP) model consistent with farm-level decision models for computationally tractable results. We...

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We develop a Bayesian framework for estimating non-stationary Markov models in situations where macro population data is available only on the proportion of individuals residing in each state, but micro-level sample data is available on observed transitions between states. Posterior...

Climatic conditions and weather play an important role in production agriculture. Using district level panels for 42 years from India and dynamic panel estimation procedure we estimate the impact of weather risk on cropping intensity. Our non-stationary and dynamic panel model results suggest...

Dutch coastal land markets are characterized by high amenity values but are threatened by potential coastal hazards, leading to high potential damage costs from flooding. Yet, Dutch residents generally perceive low or no flood risk. Using an agent-based land market model and Dutch survey data on...

Investment decisions are, as a rule, characterized by uncertainty, irreversibility and flexibility. Simple net present value calculations will not account for these features. In many situations even flexible investment planning with decision trees, which represents the most advanced method of...

In arid countries worldwide, social conflicts between irrigation-based human development and the conservation of aquatic ecosystems are widespread and attract many public debates. This research focuses on the analysis of water and agricultural policies aimed to conserve groundwater resources and...