This paper investigates the dynamic effects of rainfall shocks on agroecosystems productivity. The analysis estimates a panel data model of cereal production in southern Italy. It documents the adverse effects of a reduction in rainfall on the agroecosystem productivity both in the short run and...

We analyze the impact of different adaptation strategies on crop net revenues in the Nile Basin of Ethiopia. We estimate a multinomial endogenous switching regression model of climate change adaptation and crop net revenues and implement a counterfactual analysis. Households data are combined...

Commonage represents land held under common property that incorporates a system of local cooperative arrangements and rules to conserve and manage the Irish uplands. We analyze the institutional and economic factors that influence the behavior of commonage farmers under a common property regime...

Sunk costs play a significant role in shaping industry conduct and development outcomes associated "with the resource extraction sector. Their role is explored here by: (1) developing analytical models that show specifically how sunk costs influence investment behavior and outcomes; and (2)...