This study offers an extension of Grossman and Helpman (1994) political-economic framework to model an industry regulated by an integrated system of both direct and market-based policies. The model is incorporated into a normative theoretical analysis and serves as a basis for structural...

We characterize the political equilibrium in a game in which the use of a natural resource is controlled by a hybrid policy that integrates a uniform price and user-specific quotas. Because lower quotas reduce the benefits of the resource users from a lowered price, and a higher price diminishes...

Direct commands, market based, or combined, whichever is the government's mean of intervention, is expected to raise political lobbying and pressure. This study offers a political-economic model of an industry, which is regulated by an integrated system of both direct and market based policies....

The well-known Allais paradox is reformulated as a daily farm decision problem. Only 26% of the farmers exhibit violations of the expected utility hypothesis. Moreover, the tendency for violation decreases with the farm operator's education, experience and family size. No effects of the farm...

A theoretical framework is developed to study the effects of socioeconomic factors on farmers' risk attitudes and production decisions. No maintained assumptions about the individual's utility are required. A key element in this framework is the categorization of socioeconomic factors by their...

The spatial distribution of vegetative agricultural residuals (VAR) makes the economic feasibility of a waste treatment solution particularly sensitive to transportation costs, especially when farmers are the ones being charged for that. This study evaluated a method to design an economic...

As environmental awareness rises, integrated solid waste management (WM) schemes are increasingly being implemented all over the world. The different WM schemes usually address issues such as landfilling restrictions (mainly due to methane emissions and competing land use), packaging directives...

Abstract We develop an empirical framework for evaluating the profitability of the use of barn owls to control rodent populations by locating nesting boxes in agricultural areas. Barn owls’ behavior is incorporated into the analysis by estimated functions that relate agricultural production to...