In this paper, the amount of farmers’ trading cost in Jordan Lake will be estimated based on farmers’ willingness to accept (WTA) for participating in water quality trading (WQT) program and then the amount of innovative premium will be interpreted based on the trading cost. In order to...

Nearly all western states lack comparative advantages for producing corn for ethanol and oilseeds for biodiesel. Despite this disadvantage, most western states have legislated incentives for production of biofuels. Unfavorable changes in price relationships, high transportation costs for...

In this paper the incremental values of water are calculated for irrigators in the Fish-Sundays Scheme of South Africa's Eastern Cape province. The socio-political pressure for redistribution of agricultural resources provided the imperative for this study. The model of the Fish-Sundays Scheme...

Resource endowments, modeled as quality indices, are placed into a dynamic production model to determine resource use adjustments to meet sustainability and production input usage changes when resource quality fluctuates. Impacts of sustainability are identified and the time path of resource...