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In this paper stochastic dynamic programming is used to investigate land conversion decisions taken by a multitude of landholders under uncertainty about the value of environmental services and irreversible development. We study land conversion under competition on the market for agricultural...
Persistent link: https://www.econbiz.de/10009379745
This paper uses bio-economic modeling and simulation to investigate the de-mise of the sperm whale industry in the mid-19th century. Petroleum is widely credited both contemporaneously and today with 'saving the whales.' We investigate the transition in illumination technologies from whale oil...
Persistent link: https://www.econbiz.de/10009785365
We study the effectiveness of climate change policy in a model with multiple non-renewable resources that differ in their carbon content. We find that, when allowing some time between announcement and implementation of a cap on carbon dioxide emissions, emissions from non-renewable energy...
Persistent link: https://www.econbiz.de/10008799171
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Italian demand for organic products is rapidly increasing, yet there is currently no supply of certified organic marine-fish. Moreover, over recent years marine fish farm profitability has been reduced because of competition from imported products. A pilot project was carried out in order to: a)...
Persistent link: https://www.econbiz.de/10011592036
The paper sets out a dynamic framework for analysing the impact of public support on the growth of organic farming in Europe. Although the empirical results are uncertain, it appears that national support and EU certification have accelerated the process of expansion without significantly...
Persistent link: https://www.econbiz.de/10010128018
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Utilizing the random utility and random profit difference approaches, we develop a theoretical model that explains why farmers may require a premium in excess of the decrease in profits to adopt a conservation plan. Identification of this risk premium can aid the government in addressing...
Persistent link: https://www.econbiz.de/10011596739
planet-sensitive approaches that recognize the multifunctional nature of agriculture in producing not only commodities, but …. Applying SSE approaches in agriculture is considered a response to intensive farming, which deviates significantly from the … traditional nature-based social contract. In this context, an intervention of social enterprises in shaping eco-social agriculture …
Persistent link: https://www.econbiz.de/10014554053