Issues relating to the interaction of trade and the environment are a major international policy concern. They are likely to be a focal point during the next round of trade negotiations within the WTO. Free trade advocates contend that trade liberalization makes countries richer and as a result...

A model of hedonic pricing is estimated using U.S. data for premium wines from North America (Napa Valley, Sonoma Valley/County, Oregon, Washington State), Australia, South Africa and Chile. Implicit prices for quality attributes including variety, sensory quality ratings, as well as individual...

In this paper, we consider hail as a single source weather shock and we analyse the trade-off between anti-hail nets and insurance. We propose a simple theoretical model that is rooted into expected utility theory. After describing the basic model, we perform some comparative static analyses to...