Water policy experts contend that the United States is heading toward a water scarcity crisis in the coming years. Global climate change is likely to make water scarcity much worse in the long run. This article argues that demands of current and projected water management challenges can best be...

For many low-income countries, the impact of structural reforms on economic growth and poverty alleviation crucially depends on the response of aggregate agricultural supply to changing incentives. Despite its policy relevance, the size of this parameter is still largely unknown. This paper...

A market regime-switching model is developed that has rate of trade identified using a rent-weighted approach. The model also indirectly accounts for the impacts of other competitors through separate specifications of variation parameters across alternate seasons. Commodity futures prices are...

This paper embeds a staggered price feature into the standard speculative storage model of Deaton and Laroque (1996). Intermediate goods inventory speculators are added as an additional source of intertemporal linkage, which helps us to replicate the stylized facts of the observed commodity...

The statistical forecasting efficiency of new crop corn and soybean futures is the topic of frequent academic inquiry. However, few studies address the usefulness of these forecasts to economic agents? decision making. Each year Central Illinois producers are faced with the decision to plant...

The paper reviews the multisectoral models used in the last 10 years to analyse the effects of the Common Agricultural Policy. It begins with a presentation of the theoretical structure of computable general equilibrium models, including both single-region and multi-region models. In this...

Empirical evidence suggests that economies well endowed with natural resources relative to other factors of production have grown slower than other economies over the long term. This paper explores why that might be so and whether their fortunes might be changing with the increasing demand for...

The study was conducted to analyze the economics of carrot production in Chitwan district, Bharatpur metropolitan city which was selected purposively. The objective of this study was to analyze cost and return, marketing channel and problems of production and marketing of carrot. Altogether, a...

Intelligence scholars are drawing on behavioural decision theory to improve decision-making under risk and uncertainty in intelligence and counterintelligence. Such an undertaking is essentially lacking without the Austrian school’s concepts of knowledge, discovery, (entrepreneurial)...