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....

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...

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...

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 purpose of this paper is to examine the situation of individual farms in Georgia using a survey conducted in 2003, in comparison to a similar survey conducted in 1996. The basic issue investigated is the progress of the land individualization process, and the consequences of this process for...

Drainwater management strategies include source control, reuse, treatment, and evaporation ponds; questions of interest are efficient management, policy instruments, and sustainability. A high level of source control is indicated absent reuse due to the relatively high cost of evaporation ponds;...

Water management and reuse at the field level are analyzed under saline, limited drainage conditions. A function relating crop yield and deep percolation flows to applied water and salinity concentration is developed. This function fits simulated data well and is tractable for theoretical and...