We present a dynamic model that shows how different types of land tenancy contracts and their time-related characteristics influence farmers’ decisions to invest in soil improvement and productive inputs. Using recent household and plot-level data from the Brong-Ahafo Region in Ghana, we...

The Escalator Boxcar Train method is used to solve the distributed optimal control problems of forest management numerically. It takes into account intraspecific competition for scarce resources such as light, space, and nutrients during reproduction, growth, and mortality. It provides an...

Focuses on methodological advances within the field of water resource economics and shows how these advances can be applied to the economics of water issues. This book identifies five areas of particular importance - asymmetric information and game theory, uncertainty, space, water quality, and...

Soil is usually considered as a renewable resource for dynamic crop and production management decision problems. For peatland, however, soil should be regarded as an exhaustible resource. This paper determines the optimal utilization of peatland for agricultural production within a dynamic...