The environmental impacts of agriculture depend on both the long-run and short-run production decisions of farmers. In the long-run, technologies and quasi-fixed factors are selected and put in place through investment. In the short-run, production plans are made and implemented conditionally...

This book explores some of the complexities of decision-making under risk and uncertainty in environmental and natural resource economics. Risk and uncertainty are inherent problems for economists, and the authors in this volume offer numerous challenges and opportunities to improve the tools we...