This article examines the effect of the Renewable Fuel Standards (RFS) and market power on the growth potential of the cellulosic biofuel sector. We develop a general equilibrium model to show how changes in the regulations governing cellulosic fuel production affect the equilibrium quantity of...

Past agricultural input market participation studies have generally ignored the joint influence of income diversification, transaction cost and production risk on input market participation decisions. This study develops an analytical framework that jointly incorporates the three factors and...

Empirical evidence shows that non-farm income diversification is associated with higher welfare among farm households. However, most studies have ignored market barriers and farm income risk in explaining income diversification behaviour. This study develops an analytical framework that includes...

Past studies have shown that fishing communities in developing countries are generally poor. One potential strategy for reducing poverty among these communities is income diversification. This study investigates the impact of income diversification on incomes of fishing communities living on the...

"This paper examines the effect of weather on the distribution of yield and its subsequent impact on the acreage allocation decisions of crop farmers in Ontario. The mean and variance of yield are estimated for corn, soybeans, and winter wheat for eight counties in Ontario over a 26-year period....