The paper estimates the impacts of risk reducing government programs on the use of conservation practices in agriculture. Specifically, conservation tillage or no-till agriculture can be used to reduce risk from weather shocks while subsidized crop insurance and disaster payments also reduce...

This paper studies the divergence in the planning and equilibrium solutions for a multicell aquifer with heterogeneity in cell depths. A spatial model is developed that explicitly accounts for the lateral movement of water between cells. The optimal planning problem maximizes the discounted...

We examine the effects of irrigation technology subsidies using a model of inter- temporal common pool groundwater use with substitutable technology and declining yields from groundwater stocks, where pumping cost and stock externalities arise from the common property problem. We employ an...