Economists and ecologists are in agreement that economic and ecological systems are connected and that these systems should be studied as one system. However, because this recognition has been rather recent, neither economists nor ecologists have studied the short run behavior of jointly...

Although ecologists have long recognized the importance of persistence in determining the behavior of ecological systems, it is only very recently that economists have begun to analyze this notion in relation to the use of services that are provided by jointly determined ecological-economic...

While it is clear that in most settings, landlords generally contract with many tenants whose productivities are positively correlated, the salience of relative performance evaluation in the design of rural wage contracts has been little studied in development economics. This paper analyzes two...

We first review the literature relating to the protection of the modern sector in developing countries (DCs). We then discuss the connections between protection, economic dualism, and optimal environmental policy in DCs. Next, we construct an intertemporal model of the environmental policy...

We provide the first theoretical analysis of the effects of alternate forms of taxation on economic growth in a dynamic model with multiple regions. The regions are heterogeneous but, in each region, consumers have constant relative risk aversion preferences, there is no growth in the stock of...

We describe the theoretical and empirical contributions that rigorous economic analysis can make in improving our understanding of the salient issues relating to environmental protection in the presence of international trade. We do this by analyzing and summarizing the intellectual...

This paper studies two questions relating to the conservation of biodiversity in an intertemporal and stochastic framework. First, given the link between natural habitats and biodiversity, when should a social planner stop the habitat conversion process? Second, what is the connection between a...

Even though arranged and love marriages have been around for a long time, to the best of our knowledge, there are no comparative analyses in the economics literature of the relative merits of one or the other kind of marriage. Consequently, the purpose of this note is to conduct a theoretical...