This paper concerns optimal emissions of greenhouse gases when catastrophic consequences are possible. A numerical model is presented which takes into account both continuous climate-feedback damages as well as the possibility of a catastrophic outcome. The uncertainty in the model concerns...

This paper studies the implications of climatic uncertainty and poverty for resource degradation. In doing so, two partial models are considered. The first model focuses on productive inputs only, while the second model describes the role of soil conservation inputs. Both models are first...

Most studies on the problem of optimal soil conservation have analyzed soil conservation measures as being time-limited in their effect. This paper extends previous analyses of the soil conservation decision by allowing farmers to make investments in soil conservation structures such as...

This paper studies soil depletion incentives in a dynamic economic model under two different sources of revenue uncertainty (production- and output price risk). The focus is on the long-term effects of risk averse preferences. The land manager is assumed to posses three classes of instruments to...

This paper concerns optimal emissions of greenhouse gases when catastrophic consequences are possible. A numerical model is presented which takes into account both continuous climate-feedback damages as well as the possibility of a catastrophic outcome. The uncertainty in the model concerns...

This paper presents an analysis on economy-environmental interlinkages for Tanzania by using a computable general equilibrium (CGE) model based on a social accounting matrix. The purpose of the analysis is to include general equilibrium effects when evaluating two suggested policy measures meant...

This paper analyses optimal contracts in a principal-agent model where the agent is intrinsically motivated at the outset and there is an endogenous relationship between the structure of incentive payments and intrinsic motivation (crowding effects). The analysis shows that crowding effects have...

This paper analyses optimal contracts in a principal-agent model where the agent is intrinsically motivated at the outset and there is an endogenous relationship between the structure of incentive payments and intrinsic motivation (crowding effects). The analysis shows that crowding effects have...

This paper focuses on how farmers respond with respect to the adoption of soil conservation measures to governmental agricultural policies aiming at supporting smallholders. A simple micro-economic framework was chosen to undertake an analysis of farmer choices among three activities; farming,...

Individuals often respond with strong emotions to being penalised. Such responses suggest that informal penalties are important and play a role in creating deterrence. In this paper informal penalties are analysed in the context of medical errors. The introduction of informal penalties, if...