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Colonial Origins, Property Rights, and the Organization of Agricultural Production : the US Midwest and Argentine Pampas Compared
Edwards, Eric C. - 2020
We examine the origins, persistence, and economic consequences of institutional structures of agricultural production. We compare farms in the Argentine Pampas and US Midwest, regions of similar potential input and output mixes. The focus is on 1910-1914, during the international grain trade...
Persistent link: https://www.econbiz.de/10012481298
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The Effect of Cash Injections : Evidence from the 1980s Farm Debt Crisis
Bergman, Nittai K. - 2017
What is the effect of cash injections during financial crises? Exploiting county-level variation arising from random weather shocks during the 1980s Farm Debt Crisis, we analyze and measure the effect of local cash flow shocks on the real and financial sector. We show that such cash flow shocks...
Persistent link: https://www.econbiz.de/10012455136
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The Life Cycle of Plants in India and Mexico
Hsieh, Chang-Tai - 2012
In the U.S., the average 40 year old plant employs almost eight times as many workers as the typical plant five years or younger. In contrast, surviving Indian plants exhibit little growth in terms of either employment or output. Mexico is intermediate to India and the U.S. in these respects:...
Persistent link: https://www.econbiz.de/10012460526
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Valuing ecosystem services in general equilibrium
Carbone, Jared C. - 2010
We explore the consequences of treating the multiple, non-market benefits associated with improvements in ecosystem health and the market economy from which damage to these ecosystems stems as an integrated system. We find that willingness to pay measures of use-based ecosystem services are...
Persistent link: https://www.econbiz.de/10012462808
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Agro-Ecosystem Productivity and the Dynamic Response to Shocks
Chavas, Jean-Paul - 2016
This paper investigates the nonlinear dynamic response to shocks, relying on a threshold quantile autoregression (TQAR) model as a flexible representation of stochastic dynamics. The TQAR model can identify zones of stability/instability and characterize resilience and traps. Resilience means...
Persistent link: https://www.econbiz.de/10012456056
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Cash for Carbon : A Randomized Controlled Trial of Payments for Ecosystem Services to Reduce Deforestation
Jayachandran, Seema - 2016
This paper evaluates a Payments for Ecosystem Services (PES) program in western Uganda that offered forest-owning households cash payments if they conserved their forest. The program was implemented as a randomized trial in 121 villages, 60 of which received the program for two years. The PES...
Persistent link: https://www.econbiz.de/10012456299
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Redesigning Payments for Ecosystem Services to Increase Cost-Effectiveness
Izquierdo-Tort, Santiago; Jayachandran, Seema; … - National Bureau of Economic Research - 2024
Payments for Ecosystem Services (PES) are a widely used approach for forest conservation through which people are paid to avoid deforesting land they enroll in the program. We present findings from a randomized trial in Mexico that tested whether a PES contract that requires enrollees to enroll...
Persistent link: https://www.econbiz.de/10014635652
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Trade policy, income risk, and welfare
Krebs, Tom - 2005
"This paper studies empirically the relationship between trade policy and individual income risk faced by workers, and uses the estimates of this empirical analysis to evaluate the welfare effect of trade reform. The analysis proceeds in three steps. First, longitudinal data on workers are used...
Persistent link: https://www.econbiz.de/10010522578
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The Tenuous Tradeoff Between Risk and Incentives
Prendergast, Canice - 2000
much success. Indeed, the data seem to suggest a positive relationship between measures of uncertainty and incentives … uncertainty on incentives through the allocation of responsibility to employees. When workers operate in certain settings, the …. Hence, uncertainty and output-based pay are positively related. I argue that parts of the existing empirical literature are …
Persistent link: https://www.econbiz.de/10012470935
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Mortality Risk, Inflation Risk, and Annuity Products
Brown, Jeffrey R. - 2000
As growing numbers of retirees reach retirement age with substantial balances in self-directed retirement plans, annuities are likely to become increasingly important instruments for drawing down retirement savings. This study explores recent trends in the pricing of single-premium annuity...
Persistent link: https://www.econbiz.de/10012470938