This study exploits a novel dataset containing more than 89,000 farm-level surveys over a 17-year period to investigate how neonicotinoid seed treatments in maize, now ubiquitous, have affected the use of other insecticides. Neonicotinoid insecticides are the most used class of insecticides in...

We investigate how exchange-rate uncertainty affects the foreign direct investment decision of a risk-neutral multinational firm (MNF). We assume the firm can open plants, each with decreasing average costs, in two different countries. Under certainty, the MNF would open only one plant. We...

Uncertainty and risk are quintessential features of agricultural production. After a brief overview of the main sources of agricultural risk, we provide an exposition of expected utility theory and of the notion of risk aversion. This is followed by a basic analysis of agricultural production...