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Motivated by co-operational patterns of farmer societies in developing countries, I present a model of joint interaction between risk sharing against idiosyncratic shocks and co-operation over public investments reducing aggregate risk in presence of limited commitment constraints. The model is...
Persistent link: https://www.econbiz.de/10012850275
In "The Tragedy of the Commons," Garrett Hardin argues that those who can use a resource for free consume more of it than they would if they had to pay for it. Public resources eventually collapse because people overuse them. Hardin’s widely accepted argument seems correct as far as it goes,...
Persistent link: https://www.econbiz.de/10014244432
This paper addresses the trade-off between unfavourable air pollution levels and favourable weather conditions for selecting a date for the staging of an outdoor event. For an event date that has been fixed, it presents a personal preference-based data-driven decision framework for individual...
Persistent link: https://www.econbiz.de/10013213886
The world is banking on a major increase in food production, if the dietary needs and food preferences of an increasing, and increasingly rich, population are to be met. This requires the further expansion of modern agriculture, but modern agriculture rests on a small number of highly productive...
Persistent link: https://www.econbiz.de/10011749380
We study how stochasticity in the evolution of agricultural productivity interacts with economic and population growth at the global level. We use a two-sector Schumpeterian model of growth, in which a manufacturing sector produces the traditional consumption good and an agricultural sector...
Persistent link: https://www.econbiz.de/10011749372
Using a new set of indicators that measure the Property Insecurity of ethnopolitical minority groups, I find that Property Insecurity is not correlated with the Risk of Expropriation facing foreign investors and domestic elites – revealing that the aggregate measures of 'institutional quality'...
Persistent link: https://www.econbiz.de/10014206054
This paper suggests a holistic framework for assessment and improvement of management strategies for conservation of natural resources in agriculture. First, it incorporates an interdisciplinary approach (combining Economics, Organization, Law, Sociology, Ecology, Technology, Behavioral and...
Persistent link: https://www.econbiz.de/10014158696
This Article considers the future interaction of environmental regulation and private property rights, with an emphasis on climate change issues. It concludes that environmental issues not satisfactorily resolved at the federal level will lead to more state and local regulation that impinges on...
Persistent link: https://www.econbiz.de/10014163098
Motivated by the conclusions from various modelling studies, modifications to the bioenergy sector regulations are under way in Europe and in the USA to account for emissions from indirect land-use change (ILUC). Despite their influence on the policy-making, evaluations of the capacity of...
Persistent link: https://www.econbiz.de/10014164708
The complexity of managing physical and financial risk throughout the commodity production, processing and merchandising chain presents numerous challenges. To solve this problem commercials are increasingly turning to Energy and Commodity Transaction Risk Management (E/CTRM) systems. Still,...
Persistent link: https://www.econbiz.de/10013102576